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How to Predict if the New Business Idea is Any Good

GlobalTranz

When the customers face the problem, they likely go for making purchases ultimately benefiting the business owner.That being said, you need to know your actual target market and customers prior to taking initiative for a business. Now this type of method can cost you a bit, but the results are definitely worth it.

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What You Need to Know About Full Truckload Freight Allocation

GlobalTranz

The Problem: Shippers Lack an Understanding of Existing Freight Allocation (Freight Planning) Activities To understand the problems behind poor freight allocation, it is important to consider its literal and perceived definitions. Unfortunately, shippers see this problem as a reason to build shipping costs directly into price points.

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[INFOGRAPHIC] Interesting Facts & Financial Breakdown of the Global Logistics Market

GlobalTranz

Editor’s Note: Almost 14 months ago we wrote one of our most popular posts entitled, “ The History of Supply Chain and Logistics Management ” contained a bit of history, definitions, and a great infographic visually going through the history of supply chain and logistics management. What is a Logistics Framework?

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Electronic Data Interchange or EDI in Transportation: Breaking Down What it is and How It Works

GlobalTranz

In this series, we will first talk about how EDI in transportation works and what it is, covering the history of EDI in transportation, the definition, how it works technically, and then some common EDI codes used within the transportation industry. History of EDI and EDI In Transportation and Logistics.

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What Drives an Investment in a Warehouse Management System? 5 Considerations for Your Selection

GlobalTranz

This information affects whether an organization wants to spend excess capital up-front to purchase a perpetual license. For most purchasers of perpetual licenses (28 percent), the up-front cost was between $60,000 and $100,000, which exceeds the expectations of the implementation budgets. Scalability.

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Slow and Terrible Deliveries Can Tank Your Business: Here’s An Order Fulfillment Solution to Nip that Risk in the Bud

GlobalTranz

So, let’s get some quick definitions and understanding down of the three chief methods that you’re looking at for an order fulfillment solution: Drop-shipping. So, someone will make a purchase with you first. Your profit calculation is: Profit = Sale price of product – purchase and shipping costs from the drop shipper.

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[INFOGRAPHIC] Supply Chain Mobility & How it is Creating More Efficient Manufacturing Productivity

GlobalTranz

Each of these definitions applies to a manufacturer’s ability to produce a surplus of a product. Imagine if the typical definitions of productive were applied to manufacturing. Preliminary analysis of smartphone sales in the US indicate more than 120 million smartphones will be purchased, sold, or traded in 2016.