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2022 Realities vs 2023 Predictions

The Logistics & Supply Chain Management Society

2022 Realities vs 2023 Predictions. The tight capacity and shipping downtime can increase rates and severely disrupt freight flow for months. To successfully manage the impact, automated alerts inform those who can act, like modern GPS directional systems that alert drivers to traffic delays along a route.

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

ThroughPut

That is why logistics management software (LMS) is so much more today than what it used to be. In this blog, we’ll tell you what the evolution of a LMS has been and what you should look for while choosing the best Logistics Management Software. What is Logistics Management Software And How Does It Work ?

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Track the Supply Chain Metrics that Really Matter

Precoro

According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

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From Predictions to Operations: Compelling Supply Chain AI Use Cases

ThroughPut

With rapid fluctuations and uncertainty, predicting customer demand is like shooting in the dark. Leveraging AI for demand forecasting means: You can analyze any amount of historical data and current trends from external sources to predict future demands more accurately. You can identify near-term market shifts with greater precision.

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Logistics Predictions: How Did We Do in 2022 and What Will 2023 Look Like?

Logistics Viewpoints

The only bright note is that shipping costs will be a fraction of what they were over the last several years. Theme 5: Machine learning (ML) will go mainstream in supply chain technology. The post Logistics Predictions: How Did We Do in 2022 and What Will 2023 Look Like? Figure 1: U.S. Source: Descartes Datamyne.

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Why Strategic Partnerships Enable OTR Freight Management

GlobalTranz

As the state of the trucking market evolves and innovations improve , OTR freight management technologies and logistics service providers offer transportation management optimization to help businesses avoid significant supply chain disruption. Reducing Reliance on Outdated Systems and Technology .

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Inventory Optimisation: Tools & Techniques You Should Know

Unleashed

Inventory optimisation is the continuous process of ordering and managing inventory using the most cost-efficient best practices and systems. The inventory optimisation process looks something like this: Historical data for product sales and supplier lead times are analysed to determine predictable supply and demand trends.