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
Image source: iStocks | Top 7 Most Impactful Logistics Trends to Watch in 2025 As another year comes to an end, managers and business owners are dedicating themselves to a crucial stage in the success of any business: evaluating what worked and what can be improved in their operations.
Editor’s Note: This blog post is from SupplyChainOpz. Look at these 7 supply chain trends as a guide to better your supply chain today. In this article, Professor Burcu Keskin from University of Alabama will share 7 supply chain trends that working professionals should watch. 3) Risk Management. 5) Technology Matters.
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.
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.
What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.
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.
While there will be many innovations in 2023, here are eight trends for manufacturers to focus on when planning their digital future. ERP system s will be critical because all that data can be stored and then output as dashboards and reports that will enable analysis to improve processes and cut costs.
According to EFT’s Supply Chain Hot Trends to Watch for in 2019 , one of the most significant trends that we should be paying attention to this year is automation. Judging by the speed with which the industry embraces new technological trends, there will undoubtedly be some obstacles to overcome before it becomes prevalent.
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.
Image Source: Pexels | Exploring Top 10 Logistics Trends for 2023 and Beyond The adoption of new technology will modernize your company, ensure strong competitive advantages, and make jobs that before looked difficult efficient and productive. Image Source: Pexels | Exploring Top 10 Logistics Trends for 2023 and Beyond 6.
The answer is not simple and involves research and analysis across a number of factors. Robinson’s own technology and data from the largest network in the freight industry, help our customers stay on top of the trends that influence their supply chains. Analysis of employment data. for Q2 2021, relative to Q2 2018.
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.
Intro to 2020 Supply Chain Management Trends. Throughout the last decade, the main trends were digitization and globalization. 2020 supply chain management trends will further these shifts. 2020 supply chain management trends will further these shifts. So which of the new trends will you be embracing in the new year?
A freight spend analysis can help cut those extra costs. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues. Let’s look at a few best practices and steps to conduct a comprehensive, insightful cost analysis. Know the scope and value of a freight spend analysis.
Intro Email Newsletters News Sites Social Media Influencers Blogs Unexpected Places. UK-based logistics website with exceptional content and unique opinion pieces, often centered around shifting technology trends. Specializing in economic trends, it provides sharp insights into current processes and future trends.
It’s that time when idle chatter at the office Christmas lunch turns to debating what next year will bring, especially among logistics and supply chain professionals, for whom it seems every New Year brings new challenges, trends, and disruptive innovations. The 7 Trends for Supply Chain Pros to Watch in 2018.
Pulling data takes time and then you must format it for analysis and check for errors. Analysis is limited. Empower your Finance Team According to a recent Finance Teams Trends Report by insightsoftware and Hanover research, 80% of those surveyed say that their finance department depends too much on IT. It is slow. Stale data.
Industrial engineers have used heuristics-based rules, what-if analysis, and physics-based simulation to get predictive and prescriptive insights for several years. The post AI and Machine Learning in Manufacturing ERP: Key Benefits appeared first on SYSPRO Blog.
Recent statistics have revealed a surge in sales across the United States , indicating a growing trend that has caught the attention of both consumers and retailers alike. The tart cherry juice mocktail represents just one of the many trends started by social media accounts on platforms like TikTok and Instagram.
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.
ERP trends 2024 – achieving business success through the use of innovative technologies Now that Artificial Intelligence and Machine Learning are firmly established, we expect to see a massive take-up of these technologies by manufacturers in 2024. The other emerging area around AI in ERP focuses on trendanalysis and forecasting.
Single Source of Truth — When inventory is coming and going from all directions, order and inventory data is synced to a central platform for easy monitoring and analysis. For a Closer Look, Check out These Blog Articles: 3PL Automation: Inside Modern Fulfillment Center Machinery 3PL Automation vs Technology: What’s the Difference?
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?
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.
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.
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.
Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.
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 case you missed it!
FreightWaves SONAR is releasing new indices – Capacity Trend Market Scores and Capacity Trend Market Direction – to help shippers, carriers and brokers prioritize specific routes daily. Capacity Trend Market Scores Capacity Trend Market Scores are divided into two perspectives – shipper/broker and carrier.
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.
Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. This ratio increased to 54% in 2022.
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 * 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.
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.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Europe – N. America weekly prices fell 2% to $1.73/kg. The biggest driver of elevated air cargo rates out of China – Freightos Air Index rates out of China were at $5.86/kg America and $3.60/kg
Tracking market trends within truckload rates relies heavily on data and analysis. The key to avoiding this kind of situation is predictive planning and analysis. This kind of real-time data analysis and application is essential for shippers to stay strategic and tactical as they forecast out contract and spot truckload rates.
The process usually includes analyzing historical data for seasonal trends and product performance, as well as gathering current data on competitors, marketplace trends, future marketing plans and promotions. Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them.
To carry out a successful implementation, its imperative businesses perform thorough research on their business and upcoming technology trends which will not only affect their business but their ERP choice. Using cloud-based ERP isn’t exactly the latest trend, but it is the most game-changing one. Data insights.
However, freight claims management is important and merits more attention, especially when trendanalysis shows factors leading to recurring claims. Often, claims are not prioritized and are only managed by someone when they find the time.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) decreased 2% to $2,383/FEU. America weekly prices increased 9% to $2.00/kg.
This blog discusses how manufacturers can start making AI a reality. ML and DL are mainly used in data analysis, classification, clustering, and ranking. The more data they process, the better they become at recognizing patterns, identifying trends, and making predictions. How does AI work? ML models learn from data.
For instance, using the trends and seasonality within the Outbound Tender Rejection Index, shown above , logistics coordinators can create responses to RFPs based on like a higher all-in rate. As highlighted by LinkedIn , a staggering 80% of bargaining is preparation, analysis, data review and planning before any meeting or discussion occurs.
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 trendanalysis, enabling continuous route optimization for improved efficiency. That’s where telematics comes in.
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.
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