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

How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

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 analysis (otherwise known as ABC classification ). 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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

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 analysis (otherwise known as ABC classification ). 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.

article thumbnail

The Most Important and Most Misunderstood Concept in Business - Opportunity Cost

10xLogistics

My intent in this blog post is to try to explain why you should always consider opportunity cost in every decision you make. If you assume that is true then where is the analysis of what the dollar or minute could be doing? The term opportunity cost is thrown around a lot in business. However, that assumes unlimited resources.

article thumbnail

Identifying and Understanding Your Audience

GoShip Blog

Understanding your customer base involves carrying out an in-depth analysis of your archetypal customer. When conducting this analysis, your goal should be to identify and describe your target audience’s longings, desires, needs, and challenges. A customer profile is one of the ultimate goals of customer analysis.

article thumbnail

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

Ship Monk

While operating at 110% capacity may not always be feasible, making the most of the eCommerce slow season definitely is. If you’ve been itching to pick up the pace, you’ve stumbled upon the right blog post. Run a Competitive Analysis. Subscribe to our blog newsletter ! Ready, set, go! #1. Make an Offer They Can’t Refuse.

article thumbnail

December 28, 2023 Update

Freightos

Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Europe – N. America weekly prices dipped 6% to $2.09. Europe, the Mediterranean and North America’s East Coast.