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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.

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Ecommerce Inventory Management: Challenges & Solutions

Logistics Bureau

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

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How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Investments in logistics and supply chains would potentially support wider product ranges, foster time savings and attract larger numbers of customers. Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits.

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How to Reduce the Impact of Supply Chain-Related Inflation in Logistics

MTS Logistics

Despite this, bloated inventories due to reduced consumer demand are still putting pressure on warehouse rates, leading to a new inflation warning for consumers. In this article, we will examine the impact of inflation in supply chain on the logistics industry and discuss possible solutions to prevent it.

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Logistics Planning 2024: How To Carry out Logistical Planning for This Year

3PL Links

Image source: Flickr | Logistics Planning 2024: How To Carry out Logistical Planning for This Year Have you ever given the recent evolution of logistics any thought? Planning is now crucial in logistics operations as a result. Read also: How to Make Reverse Packaging Logistics More Efficient?

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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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Top 5 Inventory Management Tips for Small Businesses

3PL Links

Image source: Rawpixel | Top 5 Inventory Management Tips for Small Businesses The retailer who thinks that inventory control is an exclusive activity for large retail organizations is mistaken. Have management software Management software is the best tool for retailers to control not only inventory but the entire store operation.