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Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes.

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4 Benefits of Near-Sourcing

Carter Logistics

Blog Topics. 4 Benefits of Near-Sourcing. Near-sourcing – a business moving its operations closer to where its end products are sold – is a growing trend as well as a strategy in the supply chain industry today. We can credit several factors for the increasing popularity of near-sourcing.

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Predictive Analysis in Logistics and Supply Chain: How to Apply

3PL Links

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. This ratio increased to 54% in 2022.

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Ditching the data dump: How to optimize reporting processes

SYSPRO Smarter ERP

A better way is to connect your Excel reports directly to the data source and get the same reports you used to spend hours or days creating, in minutes. Pulling data takes time and then you must format it for analysis and check for errors. Analysis is limited. You will need to go back to the data source and start again.

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6 Steps to conduct a freight spend analysis

FreightWaves SONAR

A freight spend analysis can help cut those extra costs. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues. Let’s look at a few best practices and steps to conduct a comprehensive, insightful cost analysis. Know the scope and value of a freight spend analysis.

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How business intelligence can enable you to be a data-driven manufacturer

SYSPRO Smarter ERP

Unfortunately, without proper processing and analysis, this data is of little use to the organization. In this blog post, we will explore how manufacturers can leverage this technology to achieve data-driven success. However, to realize these benefits, businesses must be strategic in their implementation and use of BI solutions.

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Nine Key Steps to Enabling Resilient Supply Chains

Logistics Viewpoints

Doing so helps organizations detect market shifts and makes supply chain decisions more forward-looking than an analysis of the past, present, and at best, a tactical view of the future. By identifying these gaps, you can create sourcing events to close them. <br>- Organize sourcing events to address gaps.