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Predictive Analysis in Logistics and Supply Chain: How to Apply

3PL Links

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. How predictive analytics works in logistics?

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How to Protect Your Customers & Brand from Ecommerce Fraud

Ship Monk

Common Types of Ecommerce Fraud As ecommerce sales have soared, cyber crime has followed. As a result, the ecommerce business has lost the product and the revenue from the sale, plus associated fulfillment costs, shipping costs, and chargeback fees. Here are some of the most common types of ecommerce fraud.

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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

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How to Calculate and Apply ABC Classification of Inventory

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

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A Summer of Sales: How to Combat the eCommerce Slow Season

Ship Monk

Sales slumps can happen to the best of us. Whether it’s after the major winter holidays or during the hazy summer months, a temporary halt in momentum is a challenge for even the most established of brands. Who knew that Vito Corleone could give such great sales advice? Who doesn’t love an opportunistic sale or BOGO promotion?

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How to Avoid Stockouts with Better Inventory Management

EazyStock

To do this you need to know what stock items are most ‘at risk’ of running out, when are they likely to run out, and by how much you are likely to be short. After all, nobody likes surprises! Important risk of stockout KPIs include: Number of stock days – how many days stock you have left until you run-out. Demand forecasts.

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Demand Forecasting in Logistics: How to Increase Your Supply Chain Income?

GoShip Blog

When it comes to supply chain and logistics, analyzing customers’ preferences can set the tone for your transportation volumes and sales growth. How to implement demand forecasting in your supply chain? For instance, if you’re a successful eCommerce retailer, you may want to know how to draw more customers by boosting your website.