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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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4 Ways to Enhance Warehouse Efficiency with Prescriptive and Predictive Analytics

Logistics Viewpoints

While predictive analytics seeks to answer questions such as “what might happen in the future,” prescriptive analytics goes beyond by recommending the best course of action going forward. Restock/Replenishment Planning – Maintaining optimal inventory levels is crucial to meet customer demands without overstocking.

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Continuing Education For Licensed Customs Brokers

MTS Logistics

In addition, this education can increase the quality of service for individual brokers’ clients and importers in compliance with customs laws and maintain a high standard of professionalism in the customs broker community. It would create and maintain a measure of consistency across all customs brokers.

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Maximize Ecommerce Supplier Relationships

Ship Monk

We’re going to take a little time today to explore the benefits of maintaining a positive relationship with your suppliers. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. SRM is more than a one-and-done analysis. And the benefits can be significant.

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How IoT Brings Railway Efficiency to Dutch Rail Network

IoT World Today

Of course, you can build more tracks and there are places in the Netherlands where it would be easy to do this, but in areas like the Randstad conurbation, where extra capacity is needed most, it’s going to be difficult,” said Pier Eringa, CEO of ProRail in an article on the railway’s efforts to boost capacity and speed.

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Demand Forecasting: How It Enhances Ecommerce Operations

Ship Monk

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. Of course, the more data you need and the more sophisticated your methods are, the more expensive demand forecasting becomes. Lead Time Demand + Safety Stock = Reorder Point 7. Adjust as needed. Snow happens.

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Covid-19 Alarm Bells Ringing for China’s Coastline

MTS Logistics

Therefore, the Chinese government decided to impose a full lockdown in Shanghai in order to maintain the Zero Covid policy on March 28th. On the other hand, the southern Chinese city of Guangzhou announced that in-person classes at elementary and middle schools shifted courses online after 27 new Covid cases were reported.