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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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Capitalizing on ERP trends in 2024

SYSPRO Smarter ERP

The other emerging area around AI in ERP focuses on trend analysis and forecasting. Here are some real-world examples of AI use cases in manufacturing: Improve data processing and analytics by recognizing context and generating valuable predictions and insights to help manufacturers make better decisions and optimize their performance.

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The Power of Telematics Combined With Route Optimization

WorkWave

The data collected over time allows for trend analysis, enabling continuous route optimization for improved efficiency. For example, integrating your GPS device with route optimization software enables managers to monitor whether drivers exceed speed limits, thus reinforcing safety protocols and reducing the likelihood of accidents.

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Freight Costs: 5 tips to get the biggest bang for your buck

FreightWaves SONAR

As the industry struggles to recover from the unprecedented global events of 2020, recognizing budget limitations is essential for industry growth and success. For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management.

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Navigating a Lost Bill of Lading (BOL) with Courier Companies in International Trade

MTS Logistics

According to a 2020 analysis by the Insurance Information Institute, these disruptions cost firms an average of $1.45 million per event. Statistics and Examples 1. Through these actions, they can mitigate potential losses, maintain the smooth flow of international trade, and safeguard their financial and operational interests.

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The State of Supply Chain Trends Part IV: Data Analysis, Wearables, and the Cloud

GlobalTranz

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Moreover, cloud technology enables global access to information, explains Ship Rocket, so companies can ensure continued uptime regardless of local events or issues.

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How IoT Brings Railway Efficiency to Dutch Rail Network

IoT World Today

IoT World is North America’s largest IoT event where strategists, technologists and implementers connect, putting IoT, AI, 5G and edge into action across industry verticals. For industry participants, data analysis presents an opportunity to optimize railway operations without adding costly infrastructure. “We Book your ticket now. ].