article thumbnail

The Essential List of Logistics Acronyms and Abbreviations for Retailers

Locus

A recent survey forecasts that retail sales will soar to $32.76 This fulfillment method cuts down delivery costs of serving customers especially in dense cities. JIT – Just In Time Just In Time (JIT) is a strategy that involves managing inventory to receive goods only as they are needed in the production process.

article thumbnail

Advantages of cloud computing for supply chain management

EazyStock

Many more traditional supply chain strategies originated in a steadier business environment. Predictable business cycles and stable demand allowed supply chain professionals to focus less on solving challenges and more on cost reductions. It also reduces costs associated with managing and maintaining IT systems in the long run.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

34-Hour Reset Rule for Truck Drivers: A Detailed Breakdown

WorkWave

Additionally, a recent survey from the U.S. Benefits of the 34-Hour Reset Rule Challenges with Implementing the 34-Hour Reset Rule Strategies to Overcome Challenges by Implementing the 34-Hour Reset Rule Why You Should Embrace the 34-Hour Reset Rule Now. Table of Contents [Open] [Close] What is the 34-Hour Reset Rule?

article thumbnail

Embracing Strategic Digitalization to Stay Ahead of Tech Obsolescence

Locus

As evidenced by 70% of companies either implementing or actively working on digital transformation strategies, it has become clear that digital solutions are not just value-additions but fundamental for survival. Strategic digitalization is no longer a choice but an absolute necessity.

article thumbnail

How to Calculate the Cost of Transport

Locus

Every transport business must identify if they are spending the right amount on the transportation expenses. The transport costs are categorized into six types based on the expenses borne by the trucking company. It is also the most expensive part of the supply chain. Click this! What is the transportation cost in logistics?

article thumbnail

How to Calculate the Cost of Transport

Locus

Every transport business must identify if they are spending the right amount on the transportation expenses. The transport costs are categorized into six types based on the expenses borne by the trucking company. It is also the most expensive part of the supply chain. Click this! What is the transportation cost in logistics?

article thumbnail

Last Mile Maturity Report: Elevate customer experience, outrun rivals 

Locus

Shippers are already aware that the last mile is the most complex and expensive in the entire supply chain operations. In the face of complex routing and capacity issues, integration issues leading to data silos, visibility problems, and more, carriers and last-mile businesses really have their work cut out for them.