Remove Analysis Remove Events Remove How To Remove Trends
article thumbnail

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.

article thumbnail

How to Prepare your Supply Chain and Prevent Inventory Stockouts During Events like COVID-19

Stord

How do you prepare your supply chain for events that you can’t forecast? So how do you prevent inventory stockouts when your demand forecasting didn’t allow for an event like COVID-19? Supply chain data analysis helps identify the root cause of consistent stockouts and any supporting factors.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Top Game-Changing Logistics Trends for 2024: Redefining Global Supply Chains

3PL Links

Top Game-Changing Logistics Trends for 2024: Redefining Global Supply Chains | Image source: Flickr Understanding logistics trends is essential for business, and trend research may help organizations of all sizes predict changes, spot areas for innovation, and remain relevant in a market that is becoming more and more competitive.

article thumbnail

Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis

Log-hub

7 min read Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis In the dynamic world of supply chain management, optimizing warehouse operations has become an indispensable factor for businesses. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

article thumbnail

Demand Forecasting: How It Enhances Ecommerce Operations

Ship Monk

Demand forecasting is the process of estimating how many units of each product you’ll need to cover demand for a given sales period, without running out of stock or having to take excessive post-holiday markdowns. Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them.

article thumbnail

The 7 Best Events For Freight Shipping in 2015

GlobalTranz

Are you up-to-date with the latest events in freight shipping and logistics? 7 of the Best Freight Shipping Events to Attend in 2015. Check out some of the country’s top freight shipping conferences and events for the rest of 2015: Can innovative technology, new business models and eCommerce re-boot the business of logistics?

Events 97
article thumbnail

2023 supply chain and logistics management trends

EazyStock

The supply chain world has been rocked repeatedly over the past few years due to global issues such as the Covid-19 pandemic, shipping container shortages, catastrophic weather events, and socioeconomic issues – many outside our control. ABC/XYZ analysis can help identify the most valuable items to your business.