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

10xLogistics

You hear a lot in business how strategy is as much about what you will not do as what you will do yet companies can't seem to turn anything off. If you assume that is true then where is the analysis of what the dollar or minute could be doing? Time, of course, is your most valuable resource and that is completely fungible.

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The Role of Data Analytics in Supply Chain Management

3PL Links

The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supply chain management and data analysis.

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Data Quality: Your Digital Transformation Depends on It

Logistics Viewpoints

I like the simplicity and clarity of Informatica’s definition of data quality: Data quality refers to the overall utility of a dataset(s) as a function of its ability to be easily processed and analyzed for other uses. Of course, there is much more that goes into effectively implementing each of these safeguards.

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7 Reasons Why ShipMonk is the Smart 3PL Choice

Ship Monk

This advanced transportation management and rate shopping strategy removes guesswork while infusing flexibility. If your ecommerce brand imports from international sources, this is definitely a reason why ShipMonk should be your 3PL of choice. To remedy this annoying situation, ShipMonk created our Virtual Carrier Network.

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How to Write a Winning Business Plan

Ship Monk

Of course, we couldn’t let our entrepreneurial free spirits miss out on those numbers. If you really want to play it smart, market research is one step you definitely don’t want to skip out on. Competitive Analysis. Those are all fill-in-the-blanks, of course. ??. #6. Marketing Strategy. These two work in tandem.

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Inventory Optimisation: How Much Stock is Right for Your Company?

Logistics Bureau

It’s a good one to consider, and perhaps an appropriate stimulus for companies to review inventory performance and revise their strategies. If anything, the unprecedented disruptiveness of the COVID crisis has highlighted the flaws in traditional methods of inventory calculation, which are based mainly on historical demand analysis.

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Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” AI can refer to several different types of math.