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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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Scaling the Supply Chain: A Comparative Analysis of Logistics in SMEs and Startups

Logistics at MPEPS at UPV

In today’s fast-paced and evolving business landscape, effective supply chain management is critical for the success of any organization, regardless of its size. A recent study by the World Bank (2020) found that SMEs face higher logistics costs as a percentage of sales (21.3%) compared to larger firms (16.9%).

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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

Prior to 2020, every supply chain in the world was challenged by increasing levels of demand unpredictability and market volatility. The sudden onset of COVID-19 only reinforced a lesson that supply chain professionals had already realized: uncertainty is the only real certainty. The Road to Agility and Resilience.

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How Disruptions like Coronavirus Test The Resilience Of Supply Chain Planning

AIMMS

The virus continues to compromise supply chains and disrupt companies at a troubling rate, but a re businesses prepared from a supply chain planning perspective? . The era of globalization has enabled supply chains to be broader and more connected. First reaction s to the outbreak . questions.

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The Role of Data Analytics in Supply Chain Management

3PL Links

The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supply chain management and data analysis.

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The Pros and Cons of Decoupling, De-risking and Diversification of Supply Chains

MTS Logistics

Regardless of their size, companies are reassessing their global supply chain strategies. Diversification of the supply chain is good and has great benefits, but it also comes with potential risks. What are the benefits of supply chain risk diversification? Each country’s regulations are different.

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Understand the Pitfalls of IBP Before Embarking on a Supply Chain Transformation

Logistics Viewpoints

When companies want to digitally transform their supply chain capabilities, moving to an integrated business planning process (IBP) is often at the heart of the transformation. Mr. Sorenson has studied integrated business planning for many years. To begin the journey, GEON needed a better supply chain planning tool.