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What Is Supply Chain Predictive Analytics? Supply chain predictive analytics use historical and present data and analytics techniques to predict future outcomes. Supply chain managers use sophisticated predictive analysis tools to identify patterns in past data and...
What is Business Intelligence? Business intelligence (BI) is a method of collecting and analyzing business data to uncover valuable insights for making better-informed business decisions. It turns raw data from different sources into a structured, visual medium such...
What are logistics centers? A logistics center is an area that provides various logistics services, including warehousing, transportation, and storage to businesses and shippers. These large facilities are purpose-built to help companies move closer to transportation...
Top 7 Supply Chain Challenges for Shippers Shippers worldwide have been struggling with logistics disruption since the pandemic, and as a result, they have to deal with a great deal of uncertainty. The increasing variability of customer demand, labor and equipment...
What is supply chain segmentation? Supply chains are becoming more complex due to expansion, globalization, outsourcing, increasing costs, and customer experience customization. The one-size-fits-all approach no longer works–as it increases inventory costs and fails...
The Issue: Carriers Raise Their Shipping Costs Annually Major shipping carriers like FedEx and UPS announce a yearly increase in shipping rates of about 4 to 6%, known as the General Rate Increase (GRI). Shipping surcharges are also included in the GRI. Moreover, the...
What are key performance indicators (KPIs) of supply chain metrics? Multi-and omnichannel supply chains enable organizations to deliver their products through flexible sales channels and master the complexities of eCommerce fulfillment. However, poor inventory...
Amazon started in 1995 with a website selling only books. In the initial days, Amazon used UPS, FedEx, and the US Postal Service as its logistics partner. Jeff Bezos’s goal was to sell as many products as possible in small quantities through Amazon. To achieve this...
The global supply chain management market was valued at $15.85 billion and is expected to experience a CAGR (Compound Annual Growth Rate) of 11.2% from 2020 to 2027. It’s predicted to reach almost $31 billion by 2026. Massive supply chain growth implies two...
Three words you never want to overlook in shipping: Last mile delivery. It’s a CRITICAL step in the supply chain for businesses that generate high demand for speedy delivery. I.E. anyone running an eCommerce business. Because as the eCommerce bomb explodes and shifts...
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