The freight world often uses two standard terms: Supply Chain Management (SCM) and Logistics Management (LM). These terms are often used interchangeably, and not many people know the difference between them. Logistics management is a small portion of Supply Chain Management that combines the flow of goods, services, information, and capital right from raw material…
Can your business deftly navigate turbulent market shifts, effortlessly manage supply disruptions, and seamlessly adapt to evolving customer demands? What if we tell you that you can do this all while your competitors struggle to keep up. This is the reality that supply chain agility promises, a power that equips organizations with the flexibility and…
As companies grapple with the ever-increasing complexity of their supply chains, with the global logistics market projected to reach $14. 08 trillion by 2028 as per research by Statista, the need for a comprehensive solution to streamline transportation operations has become a strategic imperative. Enter the game-changing strategy of managed transportation – a revolutionary approach…
A staggering 60% of total supply chain costs can be attributed to transportation. But why is that? This is because transportation delays can cost companies billions. A study by the American Productivity & Quality Center (APQC) found that transportation delays can cost businesses an average of 8% of their annual sales. Research by McKinsey &…
Introduction to Supply Chain Predictive Analytics Supply chains are the backbone of any product-based business, ensuring the efficient flow of goods from suppliers to manufacturers to distributors and ultimately to customers. In today’s fast-paced and highly competitive business landscape, supply chain management has become crucial, with companies striving to optimize their operations for maximum efficiency,…
Efficient logistics planning is the backbone of any thriving business operation. In the era of globalization and cut-throat competition, strategic logistics planning has become a game-changer for companies striving to gain a competitive edge. According to a Gartner survey, 77% of supply chain leaders view logistics planning as a top priority to drive efficiencies and…