This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Thats why its more important than ever to focus on strategies that work and make them part of your plan moving forward. Lets explore the key strategies that can keep your business ahead of the competition in 2025. Make Sustainability a Core Strategy Consumers care more than ever about where their products come from and how theyre made.
They help businesses organize and analyze data, leading to better decision-making and improved efficiency. In supply chain management, it can represent complex data sets, such as transportation costs, inventory levels, and supplier relationships. Matrices store historical sales data, allowing analysts to identify trends and patterns.
Does it require manual data entry? Tap into the knowledgebase of your employee base – Because distribution center employees tend to move around more than others, they may have experience with a good solution or have already used something similar to what is being considered.
By integrating external variables such as holidays, weekends, and promotions, the App enhances historical demand data to accurately reflect real-world influences. By anticipating market shifts and providing accurate forecasts, the app helps businesses stay ahead of the curve and adjust strategies quickly to meet evolving customer needs.
By leveraging these technologies, businesses can optimize operations, reduce costs, and make smarter, data-driven decisions. The Future of Matrix-Based Optimization The Future of Matrix-Based Optimization AI and machine learning (ML) take matrix-based analysis to new heights.
3 min read Log-hub announces a major update to its Supply Chain Apps, delivering powerful enhancements that streamline cost management, route optimization, and data-driven decision-making. Input Based on Dataset: Save Time and Reduce Errors Manually re-entering data is now a thing of the past. STILL CURIOUS?
From remanufactured electronics to reverse logistics strategies that give products a second life, leading companies are proving that sustainability isnt just good for the planet its also good for business. Get bi-weekly updates on supply chain trends, strategies, and hot topics, including sustainability, to stay ahead in the game.
In the case of brokerages, it would be impossible for their carrier sales reps to quickly, efficiently and reliably digest and understand all data about 10,000s of carriers. Without solid data collection, these emerging technologies would be impossible. Not very helpful. Not very effective at all.
Understanding the Essence of Route Optimization Route optimization is the cornerstone of efficient logistics, transcending the traditional pursuit of the shortest distance to deliver a multifaced strategy that minimizes operational costs, time, and environmental impact while meeting customer demands. Explore WANT TO LEARN MORE?
Understanding the Essence of Route Optimization Route optimization is the cornerstone of efficient logistics, transcending the traditional pursuit of the shortest distance to deliver a multifaced strategy that minimizes operational costs, time, and environmental impact while meeting customer demands. Explore WANT TO LEARN MORE?
The goal of a digital freight matching strategy is to reduce touch points to help your freight brokerage improve your key business metrics of productivity, profitability, and engagement— assisting you to move your current and future freight better. The matching methodologies needed to achieve optimal touch levels.
The goal of a digital freight matching strategy is to reduce touch points to help your freight brokerage improve your key business metrics of productivity, profitability, and engagement— assisting you to move your current and future freight better. The matching methodologies needed to achieve optimal touch levels.
Recent data underscores the significant improvements that companies have achieved through these strategies. According to a 2023 report by McKinsey & Company , oil and gas companies that have implemented advanced supply chain optimization strategies have achieved cost savings of up to 20%. ~
By leveraging technology, data analytics, and innovative strategies, companies can streamline their supply chains and achieve significant improvements. Artificial intelligence (AI) and machine learning algorithms analyze vast amounts of data to predict demand, optimize routes, and manage inventory levels.
This AI tool is based on data and rules. With more data and greater processing power now available, computers that learn by themselves have become more feasible. Using ML, a computer automatically finds patterns in data. It can use them to draw conclusions from new data. Stale or bad data. Lack of skillsets.
Gone are the days of sending written requests or spending hours tracking down a point of contact to acquire the data needed to generate reports or determine when to schedule maintenance, order parts, or perform other relevant tasks. Instead of vendors waiting on hold while employees track down information, data is available within seconds.
These tools help demonstrate cost efficiencies, justify warehouse locations, and highlight optimized supply chain strategies. By transforming complex data into actionable insights, Log-hub empowers providers to deliver impactful pitches that build client confidence and set them apart in competitive tenders. STILL CURIOUS?
But what if you wanted to improve your professional game and expand your delivery knowledgebase while listening to entertaining, engaging media? It’s a great way to get top-level logistics strategies from freight specialists across the country without leaving your home– or truck. . Curious about e-trailers?
Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. Efficient replenishment strategies: Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.
Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. Efficient replenishment strategies: Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.
Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. Efficient replenishment strategies : Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.
takes this a step further by enabling users to integrate pre-created freight matrices directly into Excel from the Log-hub platform, eliminating manual data entry and saving time for frequent shipment cost assessments. This feature provided valuable insights, enabling users to come up with inventory strategies and precise prioritization.
takes this a step further by enabling users to integrate pre-created freight matrices directly into Excel from the Log-hub platform, eliminating manual data entry and saving time for frequent shipment cost assessments. This feature provided valuable insights, enabling users to come up with inventory strategies and precise prioritization.
Some time ago, during the development of our Order Management Solution , we were facing a challenge regarding data ingestion. To get a better understanding of the situation, it is important to mention that we offer our customers various options to load their master data into our latest software product, FortoX. Metamorphosis.
3 min read Up to 15% cost savings and boosted service levels with data-driven inventory management tailored to users’ unique demand patterns. Supply chain managers gain the ability to make strategic decisions backed by data-driven analysis, improving overall efficiency and responsiveness.
The Log-hub’s commitment to continuous improvement ensures that clients can optimize their operations and drive efficiency through data-driven decisions. Analysing these heat maps reveals patterns and trends in customer distribution, which can influence strategic decisions on warehouse placement, distribution routes, and inventory strategies.
These advancements signify a paradigm shift, leveraging data-driven decision-making and automation to redefine the efficiency and future trajectory of supply chains. These challenges carry worries about cybersecurity, data privacy, and the requirement for significant initial investments. The global Industry 4.0
Understanding these differences in supply chain strategies is crucial for businesses as they prepare for this year’s shopping season. Consumer Behavior Shifts in 2023 2023 also saw shifts in consumer behavior that influenced supply chain strategies. More resources are waiting for you in our Knowledgebase.
Shift from Just-in-Time to Just-in-Case Many businesses have adapting their inventory strategies. The Digital Transformation of Supply Chains The backbone of supply chain innovation in 2024 is the combination of advanced technology and data analytics. More resources are waiting for you in our Knowledgebase.
Distinctive Characteristics of Demand Planning and Policy-Based Planning Data analysis and demand forecasting are crucial factors for managing inventory and supply chain operations in an efficient way. Two-bin System The Two-Bin System inventory policy is an efficient and straightforward method for controlling stock.
Rigorous data is scarce is in this area. Data from the National Science Foundation’s 2015 Survey of Doctorate Recipients reveals an unemployment rate for science, engineering and health (SEH) Doctorates is 1.78%, compared to the national average of around 4% at the time. However, that same report indicated that about 12.9%
We spoke with Mr. Brett Turner, Vice President Supply Chain Management at DKSH (Thailand) to learn more about the strategy behind FMCG transportation and distribution in the ASEAN region and he also shared with us his vision focusing on future development of Thailand through this business. Recruiting locally also improves our knowledgebase.
You’ll also learn practical strategies for overcoming each. They can help determine your average spend on equipment maintenance and many other things, such as: Using data to understand fleet size & costs and recognize your most efficient fleet size. Even if you have an operations team, one person may not possess all that knowledge.
A big part of what companies need to do when building a future strategy is to look out into the future and say, “These are the things that we think we want to do and be five years from now”. The proliferation of data will change the scope and role of demand forecasting. Now you have access to 1,000 to 3,000 streams of [external data].
In June 2016, the Lagos State government signed a memorandum of understanding with Dubai Holdings LLC, owners of Smart City (Dubai) LLC, “to develop sustainable, smart, globally connected knowledge-based communities that drive a knowledge economy.” Local capital looking to profit from tech play.
Others wave their hands and announce sweeping megatrends that sound impressive, but that lack supporting data. More and more transactions, operations and processes are conducted within IT servers and data centres. Just storing data is not a problem. IT offers huge possibilities with one-click data retrieval into the bargain.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content