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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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Our Design for AM Potential Analysis feature is a TCT Awards finalist

DiManEx

Our platform feature, ‘Design for Additive Manufacturing Potential Analysis,’ has garnered attention from the jury. Dive into this blog to learn more about TCT and our nominated feature. Design for AM Potential Analysis So, being named a finalist for the Software award really is the cherry on the cake of our work!

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Using ABC Analysis to Determine Off Balance Inventory

Arkieva

In this blog are some analyses based on the Pareto principle (or as is very commonly referred to as ABC analysis) that one can do in order to determine the alignment of the inventory with the overall needs of the supply chain. Using ABC Analysis to Determine Off Balance Inventory was first posted on February 10, 2021 at 8:01 am.

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Some COVID19 Data Analysis Basics – New Events, Cum Events, and Logarithms

Arkieva

The purpose of this blog is to shed a bit of light on these curves and the role of the log transformation. Some COVID19 Data Analysis Basics – New Events, Cum Events, and Logarithms was first posted on April 14, 2020 at 8:03 am. Additionally, log transformations are mentioned.

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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.

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What Is Spend Analysis?

EC Sourcing Group

Spend analysis is a process that identifies, cleans, categorizes, and analyzes your business spend data. The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. What Is Spend Analysis : Choosing the Right Software.

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Top 5 Benefits of Spend Analysis

EC Sourcing Group

S pend analysis in procurement is a longstanding concept, however, implementation can be difficult without the proper tools. Over the years, implementing this kind of analysis has become more accessible than ever with the advent of robust procurement tools and software.