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How Smart Contracts Are Impacting Supply Chains

Logistics Viewpoints

Traditional contracts rely on manual verification, third-party intermediaries, and complex legal frameworks, leading to delays, disputes, and increased costs. Intermediary costs Third-party auditors, banks, and brokers drive up expenses. Lost goods, fraud, and counterfeiting cost businesses billions of dollars annually.

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Spare Parts to Profits: Strategic Inventory Mastery

ToolsGroup

Moreover, maintaining optimal service levels while balancing inventory costs is a delicate act that requires sophisticated forecasting and inventory management techniques, underlining the importance of advanced spare parts management solutions.

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The Give and Take of Multi-Carrier Parcel Shipping Technology

Logistics Viewpoints

Retailers also took steps to contain costs and preserve margins as they reoriented toward e-commerce like never before, including putting solutions in place to more effectively navigate carrier capacity caps and improve the visibility, accessibility, and mobility of inventory. More to give the organization. Meet the basic needs.

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Editor’s Pick: 4 Factors to Help Negotiate Better Ocean Shipping Contracts This Year

Talking Logistics

Note: Today’s post is part of our “ Editor’s Pick ” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. The 2017-18 ocean shipping contract season is underway. The Hanjin impact. Read more at C.H.

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5 Things to Look for When Vetting Logistics Transportation Services

GlobalTranz

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. Focus on Carrier Procurement and Management. That includes helping shippers manage the final mile procurement process and even offering in-house services that are available within the 3PL.

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Is AI Hype or a Truly Revolutionary Technology Set to Transform Logistics? (AI Popup #3)

Freightos

Like many, I envisioned substantial cost savings and productivity boosts for the logistics industry, which is often hampered by non-standardized formats and requires high adaptability. In logistics, the cost of an error or exception is always where problems start to balloon. Again, this takes careful and meticulous training.

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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. It may be off a lower-than-normal base price but for importers and exporters suffering from lower sales, it’s almost certainly troubling news. Most of these are nearly impossible to plan for.