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Analysis: Today’s Global Economy vs. Global Container Shipping

MTS Logistics

For example: The global GDP growth rate for 2021 was 6.02%, a 9.1% Companies involved in international trade are hit hard as they experience decreased orders and reduced cargo volumes, affecting the revenue of shipping lines and container terminals. Considering higher capacity, with reduced demand, these tools have barely any impact.

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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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Using ABC Analysis in Inventory Management

EazyStock

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.

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6 Types of Automation [Benefits, Pros/Cons, Examples]

Conger

Examples of automation range from a household thermostat to a large industrial control system, self-driven vehicles, and warehousing robots. Programmable automation is code-based, allowing for excellent precision Programmable automation is most used in systems that produce similar items using the same automated steps and tools.

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VSM: A powerful tool to analyse process flows and logistics management of a product.

Logistics at MPEPS at UPV

Value Stream Mapping (VSM) is one of the fundamental tools of the Lean Manufacturing methodology. In this post I will explain the importance of this tool and the basic steps to elaborate a VSM by yourselves. Below is a summary of the main steps to follow in order to have a general idea of how to do it.

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What Shipping Analytics Tools Should Freight Market Participants Have in Their Freight Stack?

FreightWaves SONAR

Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. Tracking shipment status is a core function of advanced shipping analytics tools. Download the White Paper.

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8 Inventory Management KPIs for Effective Inventory Analysis

EazyStock

Inventory Management KPIs for Effective Inventory Analysis. Lots of activities, processes and people are involved in ordering, receiving, storing, picking and shipping items with the ultimate aim of keeping customers happy with the correct orders that are on time. Managing inventory is a complex business.