article thumbnail

Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes.

article thumbnail

Analysis: Today’s Global Economy vs. Global Container Shipping

MTS Logistics

Freight Rate Volatility Economic slowdowns lead to heightened competition among shipping lines, with companies bidding for a smaller pool of available cargo. The post Analysis: Today’s Global Economy vs. Global Container Shipping appeared first on More Than Shipping. Source: Company Reports, Linerlytica 2.

Analysis 101
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Fully Automated Warehouse System Overview

Cyzerg

This article will cover fully automated warehouse systems, including how they function, available types of automation, and the technologies behind them. We will also discuss when to implement them, how to overcome challenges, and how to conduct a cost analysis. Read on to see if automation is right for you.

article thumbnail

Transportation cost analysis: Going beyond benchmarking for improved carrier pricing

FreightWaves SONAR

From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.

article thumbnail

What data is available to track intermodal freight shipping rates

FreightWaves SONAR

Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes. Because availability and demand can impact freight rates and expenses, knowing the current volume trends can help shippers better plan for rates and fees. Request a SONAR Demo.

article thumbnail

Using ABC Analysis in Inventory Management

EazyStock

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.

article thumbnail

Global Pharmaceutical Logistics Market  Analysis 2020 With COVID 19 Impact Analysis| Leading Players In-depth Analysis Research Report Foresight to 2027

247 Customs Broker

Databridgemarketresearch.com added a new study on Global Pharmaceutical Logistics Market Research Review 2020 that has been just made available providing an extensive knowledge and perceptions… The post Global Pharmaceutical Logistics Market Analysis 2020 With COVID 19 Impact Analysis| Leading Players In-depth Analysis Research Report Foresight (..)