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How Good is Your Logistics Service Provider?

Logistics Viewpoints

Other sub-groups of LSCMS include LogiSYM, a leading event platform in the Asia region for the dissemination and sharing of trends and best practices in logistics, and the CargoNOW industry news website and magazine. And of course, an LSP judged to execute poorly and deliver low value service is clearly not satisfying its shipper client.

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Digital Transformation Journey in Supply Chain Planning

Logistics Viewpoints

Maintaining all past and future promotional events in a database. Maintaining outlier events that have influenced demand patterns or supply availability . Modeling the impact of weather events. Automatic identifying and removing outlier events from the historical data. Having accurate stock-out data.

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Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. Let’s start with a definition: any device that can perceive its environment and takes actions that maximize its chance of success at some goal is engaged in some form of artificial intelligence (AI).

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5 examples of the black swan theory

Logistics at MPEPS at UPV

Today we are going to find out what the black swan theory means, how it affects the economy and the society overall and several examples of how the black swan events have changed the words. Even though,the black swan events are often inappropriately rationalised after the fact with the benefit of hindsight.

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What Is a Pallet Jack? Definition, Types, and Uses Explained

Conger

And here’s a simple pallet jack definition: A pallet jack (sometimes called a “pallet truck”) is the simplest type of forklift, consisting of a: Wheeled trolley. We’ve given a basic definition of pallet jacks as being simple forklifts. Check out Conger's OSHA-compliant forklift operator safety training course. Hydraulic pump.

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The Growing Skills Gap & How Vocational Training Can Help to Shrink It

GlobalTranz

Unlike traditional, in-classroom education settings, vocational programs blend on-the-job learning opportunities with course credits and education. In other words, the cost of obtaining the skills necessary to complete a vocational program are by definition used for practical purposes in the field.

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What Is Free or Freight on Board (FOB), and Why Should Shippers Understand This Term?

GlobalTranz

In the course of international trade, compliance with international trade laws and cultural differences can lead to confusion when interpreting contractual terms and obligations. If the responsible party does not accept liability , should damage or another event occur that could result in the filing of a claim.

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