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How to create a carrier scorecard that includes predictive modeling around freight market volatility

FreightWaves SONAR

As a result, companies should create carrier scorecard standards that apply advanced analytics, namely predictive modeling, to consider market volatility and overcome it. Use predictive modeling to determine expected carrier costs based on different scenarios. Creating and using a carrier scorecard is one such tool.

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Emerging Trends Around Last-Mile Delivery Fulfillment Models 2022

Locus

Similarly, today’s emerging last-mile delivery fulfillment models seemed like a gamble for businesses when it started a decade back but are essential for a profitable business plan today. Being a retailer, the ultimate question on your mind would be, “How to deliver goods quickly and seamlessly while minimizing costs?”.

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How to Estimate Electrical Work: A Contractor’s Guide

WorkWave

As an electrical contractor, knowing how to estimate electrical work can make the difference between profit and loss. From reviewing job specifications to sending the proposal, this comprehensive guide will show you how to estimate electrical work the right way. This tool will simplify operations for your electric company.

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How to Ensure Effective Third-Party Deliveries and Excellence in Your E-commerce Logistics Operations

Locus

D2C: The fulfillment model that gave brands full control In the wake of the global pandemic, businesses could not rely entirely on online or offline presence. The D2C model and omnichannel fulfillment gave the brands complete control over their customer experience. Schedule a demo with us!

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How to Calculate and Apply ABC Classification of Inventory

EazyStock

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

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5 Reasons How RFPs Help in Selecting the Right Logistics Technology Platform For Your Enterprise-Level Business

Locus

How to resolve this conundrum? Enter the Request for Proposal (RFP): a strategic tool that goes beyond mere vendor selection. Should the solution optimize dispatch for captive fleet, or allow you to leverage an asset-light model? How important is customization of the solution?

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How to Manage Inventory in a Growing Business

EazyStock

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers. 1: Supply chain complexity.