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4 Ways to Enhance Warehouse Efficiency with Prescriptive and Predictive Analytics

Logistics Viewpoints

While predictive analytics seeks to answer questions such as “what might happen in the future,” prescriptive analytics goes beyond by recommending the best course of action going forward. Restock/Replenishment Planning – Maintaining optimal inventory levels is crucial to meet customer demands without overstocking.

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How Technology is Helping Companies Move Goods and Do Good

Logistics Viewpoints

Employee scarcity and high worker turnover are of critical impact to the efficiency and productivity of the nation’s warehouses, particularly when factoring in the costs of continually replacing and training new employees –which can equate to almost 25% of a worker’s average annual salary. But the impact goes well beyond resignations.

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2016 Supply Chain Trends: 7 of 12 Trends that Will Drive Supply Chain Management in 2016

GlobalTranz

As we head into a new year it is a good time to take a look at the coming year and see what it may hold in the way of trends. We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. Do you have the right people in place?

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Keeping Things Closer to Home

Blue Grace Logistics

Nearshoring, an idea that was gaining traction before Covid and has exploded since, is the trend of companies moving manufacturing out of China and other Asian countries and into Mexico, where shortened supply chains can ship products all over the U.S. in a matter of a couple of days rather than a few weeks. Schara said.

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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. The urgency of the shipment. The size and weight. Air transport.

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Top 6 Supply Chain KPIs: Keep Your Dashboards Simple

Logistics Bureau

While fill rate might be one of the components making up your perfect order KPI, it’s not a bad idea to keep track of order fill and line fill as KPIs in their own right, especially if in full performance is not trending above 98%. This KPI tells you the number of days your inventory would last without replenishment, before running out.

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Supply Chain Management: It’s IoT Time

The Logistics Academy

IoT technology can help companies manage transportation fleets, inventory, and warehouse operations; make replenishment decisions; refine delivery routes; generate better demand forecasts; and a good deal more. Collecting data from sensors to monitor activities in real time is valuable, of course. ROBOTS ON THE GRID.