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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. There are Also Commercial Reasons. The Road to Agility and Resilience. A Positive Example.

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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. The challenges of limited transportation cost analysis.

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Predictive analysis: How it improves supply chain visibility

20Cube Logistics

Predictive analysis, today is part of all major business operations and processes to help forecast trends, events and to find solutions for complexities. According to Forbes, predictive analysis is mandatory in logistics as it relies heavily on accuracy and timeliness to achieve success. The supply chain market is set to grow from 4.56

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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? Now, let's apply this to business. Why is this so important? The answer is simple.

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Is It Time to Move Beyond the Traditional Approach to IBP?

Logistics Viewpoints

The post-COVID-19 (if we can claim to be post COVID) “new normal” will continue to be defined by new challenges and more importantly by the ability of the supply chain executives to manage disruption and their ability to power organization strategy and growth.

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Top Takeaways from Coupa Inspire

Logistics Viewpoints

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. Coupa meets this definition. In its ideal form, these planning processes should help leaders align strategy, financial considerations, and supply chain strategy.

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Ocean Freight Contract Season: An Overview and Key Components

MTS Logistics

” He then added, “Right now, it’s definitely not the preferred option.” Shippers may efficiently navigate the crucial negotiation period and get favorable terms and costs for shipping products over the seas by grasping the essential components of ocean freight contracts and utilizing strategic negotiation strategies.