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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. This ratio increased to 54% in 2022.

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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.

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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?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.

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[WHITE PAPER] How lane by lane analysis at scale promotes strategic and tactical transportation management

FreightWaves SONAR

For instance, if you know more detail and have insights around freight market volatility, you can assess the risk in every lane and its effect on tender acceptance , providing the ability to drill down into meaningful steps that are clearly defined to improve transportation management. How contract data amounts to tactical bidding management.

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What Is Transportation Optimization and What Does It Have to Do With Managed Transportation

GlobalTranz

Additional opportunities can be reached through transportation optimization whether using a 3PL or 4PL. It's important to understand how transportation optimization can work well with managed transportation service providers to attain that goal. Defining Transportation Optimization.

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How to Deal with Supply Chain Disruptions

GoShip Blog

Transportation delays and failures. Increased business opportunities can lead to congestion in domestic and international transport networks, especially in times of natural disaster or regional lockdowns. How does my business prepare for Supply Chain Disruptions? Partnering with a Logistics Expert.

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Dos and Don’ts of Transportation Management

CLX Logistics

Would you trust a mechanic that didn’t know how to change a tire? Proper transportation management can help you mitigate risk, better control shipping speed, increase efficiency and adaptability, and lower costs. Do: Use a Good Transportation Management System. Addressing capacity management issues for all freight flows.