Artificial Intelligence is frequently (though not always) better at decision-making than humans. In some areas, we might expect this. For example, AI will suggest the fastest route on a map, accounting for traffic and distance, while we as humans would be prone to taking our tried-and-true route. But some less-expected areas where AI is better …
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Tag Archives: Transportation
Big Trends in Land-Based Modes of Transportation There are 2 big trends that are happening right now in the development of future land-based modes of transportation. The first is the development of autonomous, self-driving vehicles and the second is continued work in perfecting electrically powered drive trains for cars and trucks. Obstacles to Widespread Adoption …
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Add Total Delivered Cost Variances to Manage Your Supply Chain It is often said that you can only improve what you measure. To that end, there has been a lot of progress in performance tracking and activity-based costing over the past 10 years. With the advent of better activity-based costing, leading companies generate monthly manufacturing …
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Recent events during the summer of 2015 have exposed a major vulnerability in the supply chains of many U.S. manufacturers located in the industrial belt of the American Midwest. Iron ore as well as many other bulk commodities such as grain and coal, is shipped from Northern Minnesota and Michigan via vessels on Lake Superior …
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By now, we’ve all probably heard about the fact that there is a worldwide glut of crude oil. This is due to many factors of course, including the increased production of oil and natural gas in North America (especially as a result of fracking), as well as the rising proportion that renewable energy sources have …
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We all know the saying, “An apple a day keeps the doctor away.” However, for many of our neighbors, it’s easier said than done. According to some recent surveys, most of you reading this eat about 40% more fresh produce than the segment of the population that is served by our nation’s food banks. In …
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Many of our activities at Profit Point are focused on helping clients in identifying and implementing changes that improve the efficiency of existing supply chain networks, ranging from planning to operations and scheduling. In the short term we are usually trying to find ways to use existing capabilities more effectively, but as you look out …
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Additive manufacturing or 3D printing is a process of making three-dimensional solid objects from a digital model. It is achieved by laying down successive layers of material, as opposed to the traditional machining techniques of removing material by drilling and cutting. 3D printing is usually performed by a materials printer using digital technology. Taking a …
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The global economy hangs in a tenuous balance. U.S. growth has been slow, but steady, while the global economy has been mixed. The survey data suggests that logistics planners are most concerned with meeting service levels, driven by capacity concerns, rising costs and the need to increase productivity. This year, we conducted a Transportation and …
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“Companies that use advanced routing and scheduling optimization solutions that are designed specifically for the transportation industrycan reduce transportation costs by up to 20%. “ Profit Point’s supply chain consultants have seen decades of economic boom and bust. Learn about the essential steps that you can take today to cut costs in the near term …
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