This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Together, Freightos and Shipsta are committed to delivering ongoing innovation, including AI-assisted procurement and in-platform analysis that ensure procurement professionals stay ahead in an increasingly complex landscape. As the global freight market continues to evolve, so too will the tools that drive it.
For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes.
From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.
Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.
We take a look at these questions and more in this blog post. The post An Overview of the Resin Market and Long-Term Analysis appeared first on More Than Shipping. How did the resin market perform last year amid congesting and operational issues worldwide? The Logistical Position. Despite increasing their capacity, U.S.
The answer is not simple and involves research and analysis across a number of factors. This data is based on industry output derived from monthly government statistics published by the Census Bureau, Federal Reserve Board, Bureau of Labor Statistics, and Bureau of Economic Analysis. Analysis of employment data.
The post [WHITE PAPER] How lane by lane analysis at scale promotes strategic and tactical transportation management appeared first on SONAR. How to use data to stay strategic and lower costs across the board. . Fill out the Form Below to Access a COPY of the White Paper. Request a SONAR Demo.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. America weekly prices increased 2% to $1.85/kg. Some observers anticipate that the strike will still lead to some capacity and equipment shortages at Asian origins in early November.
If youve followed our blog over the years, youll know that weve shared lots of information about distribution network design, why its vital to get it right, how long it should take, the importance of reviewing the network every so often, and various elements of design such as determining the number of warehouses and where to locate them.
Pulling data takes time and then you must format it for analysis and check for errors. Analysis is limited. this causes delays that reduce the time available for analysis. Easily produce period-on-period analysis reports (e.g., It is slow. Stale data. You will need to go back to the data source and start again.
As discussed in the previous blog post, the demand planning process, whose success depends on effective collaboration between teams from various departments, was negatively affected by the pandemic. A discussion looking into this will be covered in the next blog post – stay tuned.
Unfortunately, without proper processing and analysis, this data is of little use to the organization. In this blog post, we will explore how manufacturers can leverage this technology to achieve data-driven success. However, to realize these benefits, businesses must be strategic in their implementation and use of BI solutions.
Network Design tools that are fueled by powerful mathematical optimization in the back end, and intuitive scenario analysis capabilities at the front, empower supply chain professionals with the ability to create flexible plans and expose hidden risks in their network. – Tweet this. Resilient planning in action .
A workflow analysis will allow for a thorough review of daily operations with the goal of identifying obsolete practices and areas of improvement. The post 4 Steps to a successful supply chain automation appeared first on SYSPRO Blog. Basically, there are four key points to ensure the efficacy of a supply chain automation project: 1.
For companies involved in shipping freight, the combination of order-level management and cost to serve analysis can be a game-changer. By combining order-level management with cost to serve analysis, businesses gain unparalleled transparency into their operational costs. The benefits of each component are highlighted below.
To look at what risks will affect the supply chain in 2018, Rob Savitsky of AIR Worldwide ( a member of the MIT Center for Transportation & Logistics Supply Chain Exchange program), wrote a blog for MIT discussing three broad categories of supply chain risk. Natural Catastrophes.
Applying the correct Business Intelligence tools to this data for data analysis, trends and forecasts makes the combination invaluable. Today, Business Intelligence is understood as the gathering, storage and analysis of business data. appeared first on SYSPRO Blog. What’s Your Business IQ?
Analytics for Risk Management This isn't your grandmother's data analysis; we're talking about sophisticated pattern recognition that makes your shipping operation smoother than a freshly waxed surfboard. You can read more about how to optimize your carrier selection with Stord Parcel and improve your annual parcel spend in this blog post.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. For a deeper dive into the latest freight market trends, I strongly recommend Judah Levine’s weekly freight analysis, which you can register for right here.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. A recent analysis suggests that some spending growth is on the types of goods , like video games, that don’t ship by ocean container – another factor in the relative disconnect between spending and freight.
Blog " * " indicates required fields Email * More Resources Home August 29, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
Blog " * " indicates required fields Email * More Resources Home September 6, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
ESG reporting and analysis Data is one of the most important requirements of an ESG program. It is only with the analysis of data that situations can be visualized and changes made. This analysis can help the company develop goals and measurable targets for improving ESG performance. appeared first on SYSPRO Blog.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Hurricane Milton battered the west coast of Florida last week.
In this blog post, we’ll take a closer look at the importance of efficient logistics in the trucking industry and how it can benefit your business. The trucking industry plays a crucial role in the transportation of goods across the world.
In our previous blog, we explored how matrices enhance supply chain efficiency, from inventory management to logistics. The Future of Matrix-Based Optimization The Future of Matrix-Based Optimization AI and machine learning (ML) take matrix-based analysis to new heights. Now, were taking it a step further.
In this blog we will unpack the pros and cons of low code and why it can be a smart investment for your business in securing a digital future: The pros of low code. The post The pros and cons of low code tools for manufacturers appeared first on SYSPRO Blog.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Europe – N. America weekly increased 4% to $2.08/kg.
Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. This can be used in costing analysis and equipment profitability. The post Managing cost, quality and traceability in fabricated metals manufacturing appeared first on SYSPRO Blog.
This blog post will explore what telematics is, why it’s crucial for last-mile delivery and the vital role it plays when combined with route optimization platforms. The data collected over time allows for trend analysis, enabling continuous route optimization for improved efficiency. That’s where telematics comes in.
The BI tool needs to be able to easily pull all this data together for analysis. Bringing in additional outside data sources can make analysis even more powerful by enabling one to look at a question from a more holistic point of view. For instance, it’s common for an organization to have key data stored in many disconnected silos.
Benefit 2: Enhanced organizational controls and compliance Advanced ERP systems provide features like dimension analysis, offering a multi-dimensional view of financial data. This enables flexible financial analysis, improves governance, and supports scalability as businesses grow and expand their operations globally.
They have several capabilities of an ERP system; optimizing cost control, streamlining business processes, improving productivity, and providing real-time data analysis for reporting and decision making. The post Why you may need to upgrade your ERP system appeared first on SYSPRO Blog.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. America weekly prices increased 3% to $2.15/kg.
Where a supply chain is weak, analysis and advisory teams can fill in the gaps – seeing the correlations between data points and real-time load operations and profits highlights potential problem areas. An effective active routing program allows for the inclusion of data points and analysis to be factored in.
Blog " * " indicates required fields Email * More Resources Home August 23, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
This can result in different teams using different data formats, diverging results from data analysis, and hence poorly aligned decision making. Following a holistic analysis performed by ORTEC experts, this large fabric manufacturer found that the production choices they were making resulted in plant downtime.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Asia – N. America weekly prices increased 5% to $2.10/kg.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Europe – N. America weekly prices fell 2% to $1.77/kg.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Europe – N. America weekly increased 1% to $1.88/kg.
The purpose of freight and logistics claims is to bring about an in-depth analysis of the issue and to seek financial reimbursement for the loss or damage that has been […]. A freight claim is a legal claim that gets sent from a shipper or consignee to a carrier after an issue with an order shipment.
This blog provides an in depth analysis of the global 3PL market, the key players in the industry, their capabilities, and the challenges they face. It also covers benefits of 3PL logistics, and the various strategies that companies can employ to optimize their supply chain operations.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. America weekly prices increased 9% to $2.60/kg.
There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Read our blog on demand forecasting accuracy for more details. ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content