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Using Predictive Analytics For Better Supply Chain Resilience

Blue Grace Logistics

51% of the respondents in a global Reuters survey felt that the most perplexing challenge is the unpredictable nature of consumer demand. The drivers for growth are not simple factors like the price or quality of a product. Simple Examples of Predictive Analytics. Check out our July Webinar! Demand forecasting is hard.

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3PL Logistics Companies Up Services to Continue to Meet the Needs of Shippers

GlobalTranz

However, the economy is on the mend, and the need for immediate cost savings and lean solutions is starting to take the backburner to how 3PL Logistics Companies could benefit shippers through long-term relationships. The needs of yesteryear-clients were quite simple: get costs under control quickly.

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The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

GlobalTranz

A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus. Clearly, additional resources are needed to help drive costs down.

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How VR, 3D Printing & Predictive Analytics in the IOT are Currently Powering the Manufacturing Industry

GlobalTranz

In other words, analytics allows companies to focus more on what customers actually purchase , using information obtained from point-of-sale (POS) systems, internet traffic and real-time feedback via social media. This reduces overhead while reducing costs and issues experienced by the consumers. VR tends to replace the entire image.

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

GlobalTranz

Transportation costs make up 60 percent of overall logistics expenses for all shippers and 3PLs. For these companies, the use of a dedicated transportation management system, such as Cerasis™ Rater , can be deployed to lower transportation costs across the entire supply chain. Implementation Costs.

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6 Questions To Ask 3rd Party Logistics Companies for 2015 and Beyond

GlobalTranz

Companies based on assets have had years of experience in purchasing trucks and managing warehouse inventories. Alternatively, intermediary-based, or non-asset 3rd Party Logistics Companies have waged a “near-war” with various carriers to negotiate cheaper rates and more rapid delivery times. How Does the 3PL Meet E-Commerce Needs?

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5 Tips for Achieving the Most Out of Your Supply Chain Data

GlobalTranz

Obstacles to fully utilizing analytics included inaccurate data , cost, and lack of timely data. for example, used predictive analytics to make changes in their inventory processes and have since seen an increase in their production and purchase orders. But the benefits far outweigh the challenges. Hanesbrand Inc. ,