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Probabilistic Forecasting - a Primer

ToolsGroup

For example: the horse “Secretariat” will win the Kentucky Derby. For example, you might have 3 years of history of selling 100 standard USB chargers every week, give or take a few. Understanding and employing this relatively simple principle can take your forecasting and supply chain planning from ‘good to great’.

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Understand the Pitfalls of IBP Before Embarking on a Supply Chain Transformation

Logistics Viewpoints

For example, while GEON has over 2000 customers, initially they are manually building forecasts for 600 customers and 1200 ship-to locations. For example, a few analysts might be tasked with discovering how the profitability of an order is linked to the transportation costs associated with that order. Plan Your Cash Flows!

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Do You Know Your Suppliers? Counting the Cost of Ignorance

QAD

as a tornado struck a town in Kentucky in December 2021, workers at. For example, new laws have been or will soon be enacted in the U.S. In Bangladesh in July 2021, a fire at a food factory claimed the lives of at least 52 people, some of whom were children. In the U.S., and across Europe.

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The Best States to Buy a Car In!

Supply Chain Game Changer

If you live in Maine, for example, you have the most affordable auto insurance rates on average, which is a good reason to get a car. Other states where you might find a cheaper car than average would be Indiana (which is 11% lower than the national average), followed by Ohio, Connecticut, Virginia, and Kentucky.

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Supply Chain Planning and an Uncertain Economy

Arkieva

Take, for example, forecasting improvements. A perfect example of this is the opportunity provided by the University of Kentucky’s Gatton College of Business and Economics. The University of Kentucky will host the 6th Annual Supply Chain Forum on April 1st.

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My Logistics Experiences with Amazon and AAA

Talking Logistics

Here are two examples that I experienced last week, courtesy of Amazon and AAA. Earlier this year, for example, the Wall Street Journal published an article highlighting how IKEA is designing its packaging with shipping in mind , which for one product alone is translating into almost 7,500 trucks being removed from the road annually.

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How Manual Consolidation is Costing You Money – A Case Example

TMC

To help logistics professionals understand the case for automation, I’ve put together a hypothetical case example. The example shows the pitfalls of crunching the numbers manually as well as the consequences of this error-prone approach to order consolidation. Can we go further and add the Kentucky stop? That’s not all.