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Demand forecasting challenges – how to deal with fluctuating demand

EazyStock

There have been significant shifts in customer behavior, making it hard to base assumptions on consumer trends. As a first step, if you have access to historical data, look for a sales period with similar trends and market dynamics as the present day (if possible). Take trends and seasonality into account. Use qualitative data.

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Know the Kinds of Modes of Transportation

20Cube Logistics

Of course, the best mode to transportation is necessary, but the other factors that have to be taken into consideration are: The total cost. Industries like the automotive and retail industry utilize air freight to complete the JIT (just in time) inventory replenishment. Less documentation. The urgency of the shipment.

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Top 6 Supply Chain KPIs: Keep Your Dashboards Simple

Logistics Bureau

Accurate documentation: This metric tracks the percentage of sales orders accompanied by accurate documents throughout the process. Documents included in the metric can vary but usually include advance shipment notifications (ASNs), labels, and invoices. x 0.96 = 0.8661. Inventory Days of Supply. Bringing Suppliers on Board.

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Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner?

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No Supply Chain Strategy? Here’s How to Develop One

Logistics Bureau

As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy. Step 2: Gap Analysis – Customer Requirements and Supply Chain Trends. Naturally, the first part of this task will be to research and clarify those key trends.

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MIT’s Sheffi on Supply Chain Sustainability

247 Customs Broker

And of course most can’t. Of course, consumer brand companies are especially at risk from being tarred with an anti-sustainability brush. There will be a document to refer to at any time by any one who needs clarification. The documentation can be useful historical data for any future endeavor.

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Will Robots Take All the Supply Chain Jobs?

247 Customs Broker

There will be a document to refer to at any time by any one who needs clarification. The documentation can be useful historical data for any future endeavor. Of course we all need to up our game. There is a need to optimize every component of logistics by following the latest trends and technologies.