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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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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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How to Innovate Your Supply Chain Management: What You Need to Know

3PL Links

How to Innovate Your Supply Chain Management: What You Need to Know | Image Source: Axestrack Organizations must prioritize supply chain management and implement strategies to increase its efficiency if they want to compete in the market. What is a supply chain and how does it work? How to innovate?

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How to Find the Right Economic Order Quantity

EazyStock

Let’s take a look at an example. In the example above, the EOQ determined that the warehouse would be placing orders for fidget spinners approx. But as items move through the product lifecycle and demand shifts and you are calculating EOQ for potentially thousands of SKUs, finding and maintaining EOQ becomes a much bigger challenge.

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How to Lower Your Ecommerce Shipping Costs

Ship Monk

There are seven main types of surcharges: Fuel Prices Peak Season Residential Delivery Area Handling Inflation Logistics By instituting surcharges and changing them as costs rise and fall throughout the year, shipping carriers can maintain profitable margins for each delivery.

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Transportation Management Provider: How to Choose The Best One

Trinity Logistics

Just like buying QuickBooks doesn’t automatically make you an accountant or purchasing Adobe Creative Suite doesn’t make you a graphic designer, purchasing a TMS outright doesn’t automatically make you an expert in how to use it. Unfortunately, the amount of expertise and support needed can be difficult to find, establish, and maintain.

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How to Find the Right Economic Order Quantity

EazyStock

Let’s take a look at an example. In the example above, the EOQ determined that the warehouse would be placing orders for fidget spinners approx. But as items move through the product lifecycle and demand shifts and you are calculating EOQ for potentially thousands of SKUs, finding and maintaining EOQ becomes a much bigger challenge.