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No Supply Chain Strategy? Here’s How to Develop One

Logistics Bureau

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.

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What are Reverse Logistics?

Logistics Bureau

In addition, returns typically cost more to handle than outbound shipments – 3 to 4 times more for traditional retail companies, for example. A plan is necessary, possibly based on one of the following strategies. Much depends upon the nature of your supply chain operation of course. Persuade the customer otherwise.

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6 Critical Success Factors in Distribution Network Design

Logistics Bureau

Competitor intelligence: Distribution strategies and network designs of your competitors. Of course, it can add up to a vast pool of data, so realistically, access to advanced modelling and analytics tools will be essential to get the most value from it. Sustainability goals: Evaluate options for eco-friendly distribution processes.

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The four factors that impact freight trucking revenue and profitability

FreightWaves SONAR

Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction. Leading metrics for tracking overall and market-specific activity include: Inbound and outbound load daily change rates, like the Outbound Tender Volume Index (OTVI) in FreightWaves SONAR.

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Peak Time or Holiday Shipping: Strategies & Tips to Stay Sane, Mitigate Extra Costs, & Keep Customers Happy

GlobalTranz

We wanted to bring you some quick strategies and tips that can help your holiday shipping woes or at any time of the year where you experience an increase in shipping volumes. Core carrier programs and carrier negotiations that once played a fundamental role in shippers’ cost reduction strategies no longer are sufficient.

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Supply Chain Intelligence: The Value of AI and Machine Learning to Predict Freight Rates

FreightWaves SONAR

Of course, no disruption comes close to those that have been experienced to date in 2020. However, AI can provide a pathway toward more proactive, responsive management strategies. Of course, even those capabilities hinge on AI to digest, interpret and act upon data. . And 56% experience supply chain disruptions annually.

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A Guide to Supply Chain Key Performance Indicators (KPIs)

Logistics Bureau

For this reason, KPIs are essential for any business improvement strategy. Of course, the big challenge in this type of external benchmarking is obtaining the necessary data, since many companies are wary of sharing performance data with potential competitors.