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This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

And now on to this week’s logistics news. technology from helping China’s military. In some cases, shoppers can send back different items than the ones they bought, return stolen items or claim a purchase never got delivered when it really did. But as of today, Punxsutawney Phil is calling for an early spring.

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Best Logistics Management Software: Everything You Need to Know Before Making a Purchase Decision

ThroughPut

As we step into 2024, the world of logistics isn’t what it used to be. Everything is connected – what happens in one part of the supply chain can shake things up in logistics, and the other way around. That is why logistics management software (LMS) is so much more today than what it used to be. We’ve all been witness to this!

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Best AI Tools for Supply Chain and Logistics: The Ultimate Guide for 2024

ThroughPut

Exploring the world of AI tools for supply chain and logistics can be quite overwhelming. That’s why we put together this guide – to help you get a glimpse of the best AI tools for supply chain and logistics, how to implement these tools, what to take care of and more. Best AI Tools for Supply Chain and Logistics 1.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. Doing this, increases the benefits.

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Technology and the Changing Nature of Logistics

Enterra Insights

It spans the purchase of raw materials to the final delivery of the merchandise to the customer, including the intermediate processing of the goods. One of the activities within supply chain operations is logistics. The Interlake Mecalux staff explains, “Logistics forms part of the supply chain. Logistic 4.0

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Markdowns in Retail: Turn Overstocked into Optimized With a 3PL

ShipBob

However, while markdowns can be an effective way to manage inventory and boost sales, they also come with potential downsides, such as: Reduced profit margins Negative impact on brand perception Unnecessary holding costs There’s a reason why Louis Vuitton never goes on sale. Markdowns also help encourage impulse purchases.

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The Secret to Rapid Digitisation: A Dual Platform Strategy

The Logistics & Supply Chain Management Society

This results in a set of over-simplified, aggregate and gross average-level decision-making that generates today’s poor performance, because increased inventories, capacity, transportation and logistics costs are required to buffer all such variances. Reducing volume purchasing cost by 10 to 20%. Reducing COGS by 3%.