FreightWaves SONAR

DECEMBER 15, 2020

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.

Analysis 59

Analysis Procurement Analytics Optimization Software Optimal Sourcing 59

FreightWaves SONAR

NOVEMBER 16, 2020

This week, learn how freight market participants, especially those freight parties who are executing refrigerated shipping moves, rely on SONAR indices that show reefer freight data and activity. What are the available refrigerated shipping indices in SONAR? The index is expressed as a percentage of loads rejected to total loads tendered.

Refrigeration 105

Refrigeration Capacity Outbound Inbound 105

The Logistics of Logistics

APRIL 26, 2022

Michelle Sodomka, a Senior Director in charge of Open Sky Group ’s transportation management practice has 15 years’ experience in risk analysis and mitigation within the logistics industry. Transportation management systems are used by shippers and carriers to more efficiently manage inbound and outbound shipments.

Logistics Network Optimization Software 221

Logistics Network Optimization Software Trucking Freight Supply Chain Planning Software 221

Talking Logistics

MAY 14, 2019

Ensuring receipt of Certificate of Analysis (CoA) and other regulatory compliance documentation has made digitization a requirement for customer service, audit management, and compliance. Combined with the shipment criteria, complete supply chain visibility is achieved for both inbound and outbound material movements and product quality.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 130

GlobalTranz

JULY 28, 2021

True optimization applies data to ensure all decisions and processes are carried out to their fullest potential. Leveraging data for continuous improvement makes transportation optimization more synonymous with managed transportation. Transportation optimization can occur at a network level and an execution level.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

Logistics Viewpoints

SEPTEMBER 4, 2023

The moves span inbound, intracompany, and outbound shipping. An RFP is a data intensive exercise. On the outbound side, they were using a transportation management system from e2open. This made the data analysis easier. On the inbound side, it was highly reliant on spreadsheet data. Is this working?”

Procurement Solutions 113

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 113

FreightWaves SONAR

NOVEMBER 17, 2020

More freight brokers are turning to technology and transportation data to grow their businesses by understanding the true freight market rate. . It’s not solely about knowing basic rates – it’s about using freight data to make the best decisions for all loads – playing both the buy-side and sell-side aspects of freight brokering.

Data 52

Data Sourcing Strategies Transportation Freight 52

Logistics Viewpoints

APRIL 10, 2024

For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems. The port closure disrupts the inbound and outbound flows of vehicles and parts, affecting the operations and sales of automakers, dealers, and suppliers.

Supply Chain Planning Software 131

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 131

FreightWaves SONAR

MARCH 15, 2021

Advancements in tender data science and paid market data now power SONAR SCI (Supply Chain Intelligence) Lane Acuity Plus. In the screenshot above, you can see that the outbound and inbound stability show scores of 29 out of 100 and 21 out of 100, respectively. WHAT IS LANE ACUITY PLUS?

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Logistics Viewpoints

AUGUST 29, 2024

The ability to make data-driven decisions in real-time is invaluable for maintaining a high level of operational efficiency. Traditional slotting solutions require customized models, extensive engineering, measurement, and data collection. This leads us to the idea of Dynamic Slotting , an essential strategy for space optimization.

Waste Reduction 117

Waste Reduction Optimal Sourcing Sourcing Strategies Resource Reduction 117

GlobalTranz

MAY 1, 2018

Data-driven analytics enables you to make cost-effective transportation decisions. However for most shippers, parcel spend is poorly understood because shipping data is often locked up in point solution silos, such as carrier-provided systems and websites, in a variety of different formats. DOWNLOAD WHITEPAPER. NEW WHITEPAPER.

Procurement Analytics 61

Procurement Analytics Optimal Sourcing Data Sourcing Strategies 61

Shipping and Freight Resource

NOVEMBER 23, 2021

Bureau of Economic Analysis, the American trade deficit on goods and services went up 4.2%, rising from $70.3 The data indicates that export volumes are going down month on month and import volumes are increasing, making it detrimental to the US economy and concerns have been raised by several quarters in the media. Source : project44.

Outbound 84

Outbound Logistics Network Optimization Software Sourcing Supply Chain Software 84

FreightWaves SONAR

AUGUST 13, 2024

Whether you are looking to gain more customers, increase your company revenue size or add more trailers to your fleet, SONAR has information and data to help you with these decisions. OTVI was indexed at 10,000 on January 1, 2018, so when looking at this data set, the trend of the line is more important than the actual value.

Outbound 59

Outbound Inbound Optimization Software Data 59

GoShip Blog

JUNE 8, 2021

As businesses become more complex and expand into the global platform, you can only imagine the number of operators, workers, services, goods, and data that go in and out of logistics hubs. To efficiently handle the supply chain, most logistics operators will use software or AI to analyze data and optimize logistics operations.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing Optimization Software 98

Logistics Bureau

DECEMBER 6, 2024

In addition, returns typically cost more to handle than outbound shipments – 3 to 4 times more for traditional retail companies, for example. As market and buying trend data becomes more abundant and IT systems more connected, retailers can better estimate demand and adapt their ordering. Forecast demand better.

Reverse logistics 74

Reverse logistics Cost Reduction Vendor Strategies Inventory Reduction 74

GlobalTranz

FEBRUARY 4, 2019

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. As omnichannel shopping becomes the standard for consumers, the use of freight data will excel.

Supply Chain Planning Software 48

Supply Chain Planning Software Logistics Network Optimization Software Trends Inventory Reduction 48

Logistics Bureau

NOVEMBER 14, 2018

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. Outbound transportation. Collecting and Using Cost to Serve Data. Efficient order terms. Sales organisation costs.

Purchasing Skills 93

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 93

GlobalTranz

MARCH 13, 2015

There are plenty of different shipping companies out there, and using a transportation management system to manage all inbound and outbound shipping needs will put those shippers who use one at an extreme competitive advantage. Have Easy to Analyze Actionable Insight Gleaned from the Data Created in the Transportation Management System.

Logistics Network Optimization Software 95

Logistics Network Optimization Software Transportation Cost Reduction Price Reduction 95

MTS Logistics

NOVEMBER 20, 2023

The Internet of Things (IoT) is a new, real-time digitalized system that enables sensing, data collection, and sharing. Outbound Logistics Track assets on their way to their final destination, providing customers and suppliers with up-to-the-minute ETA visibility. This innovative technology is transforming various industries.

Supply Chain Software 105

Supply Chain Software Refrigeration Temperature Logistics Network Optimization Software 105

Talking Logistics

MARCH 19, 2019

Relying on proactive rather than reactive analytics, and the ability to make specific actionable callouts from these data sets, will be key to navigating the ever-changing shipping landscape both now and in the future. The key is knowing how to use this data most effectively so as not to miss avoidable problems or raise unnecessary red flags.

Packaging 109

Packaging Data Trends Outbound 109

FreightWaves SONAR

AUGUST 13, 2024

Whether you are looking to gain more customers, increase your company revenue size or add more trailers to your fleet, SONAR has information and data to help you with these decisions. OTVI was indexed at 10,000 on January 1, 2018, so when looking at this data set, the trend of the line is more important than the actual value.

Outbound 52

Outbound Inbound Optimization Software Data 52

Logistics Bureau

DECEMBER 22, 2024

Of course, the big challenge in this type of external benchmarking is obtaining the necessary data, since many companies are wary of sharing performance data with potential competitors. Instead, its merely a common-sense guide to those supply chain KPIs that can best provide actionable data for general management purposes.

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

MTS Logistics

APRIL 12, 2024

The automated manifest system is an electronic system that is used to support cargo data such as departure, arrival, and release information between the actors of shipment when importing to the U.S. bound and transit cargos must submit distinct data items (e.g. What is the Automated Manifest System (AMS)? The AMS was formed by U.S.

Supply Chain Planning Software 105

Supply Chain Planning Software Optimization Software Supply Chain Software Automation 105

ShipLilly

AUGUST 6, 2020

Data and process analysis are part of the puzzle. You must pay careful attention to your distribution network, SKU analysis, and SKU management. The cycle is restarted when the facility is redeployed for outbound purposes in less than 24 hours. Distribution network analysis. Wrapping up.

Cost Reduction 79

Cost Reduction Optimization Software Analysis Inventory Reduction 79

20Cube Logistics

JANUARY 28, 2020

RFID is a tool to read & understand digital data encrypted in RFID tags through a reader via radio waves. To understand it, we can take the example of a bar code or magnetic strip of a bank’s ATM card where data is captured by the device and stored in the database. Easy reports and advanced data analysis .

RFID 74

RFID Supply Chain Software Supply Chain Planning Software Optimization Software 74

Logistics Bureau

OCTOBER 9, 2023

Quality and Detail of Data and its Analysis In some of our earlier posts, we’ve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It would be folly not to take advantage of data availability and accessibility.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Design Distribution Networks 98

Logistics Problem Solving

JUNE 2, 2017

This includes both outbound and inbound freight. Stale, Incomplete Data Is a Problem in Problem Solving. Usually it’s the data. Many times, the shipper goes to their IT department to get the data they need to run an analysis to find out how compliant they are or to look for strategies to lower their spend.

Logistics Network Optimization Software 75

Logistics Network Optimization Software Resource Reduction Cost Reduction Logistics 75

FreightWaves SONAR

APRIL 16, 2024

Brokers are able to view current spot and contract rates, variability in the rates, Lane Scores and Outbound Tender Rejections for the origin, which improves their network optimization on the loads they are currently running. Not a SONAR customer? Get in touch with one of our experts here.

Optimization Software 52

Optimization Software Optimization Networks Network Optimization Software 52

FreightWaves SONAR

APRIL 29, 2021

Using SONAR data in contract negotiations with carriers and 3PLs. . In addition, SONAR data could be used by retailers for strategic and longer-term decision-making, such as deciding where to locate warehouses and fulfillment centers. . SONAR data can identify tight relationships such as U.S.-bound Retail use case No.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

Automotive Logistics

JANUARY 29, 2018

Such software and planning systems are also highly relevant for a wide range of purposes in outbound automotive logistics systems, including for the execution of transport activities and the creation of transparency in relation to distribution flows, increasing transport load rates and auditing freight invoice and payments.

Outbound 28

Outbound Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 28

FreightWaves SONAR

DECEMBER 3, 2020

Collaboration means parties must share data in real-time. Improved planning through wait time analysis benefits all parties. That includes compliance with the inbound freight routing guide and outbound activities. They sort through prior quotes, invoices and shipment data to check invoice accuracy. Insight in lead times.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 76

GlobalTranz

JULY 6, 2017

Control Both Inbound and Outbound Freight Effectively. Warehouses must effectively manage inbound and outbound freight concurrently. Visibility in your warehouse requires dedicated asset tracking, data collection, analysis and application, and continuous improvement across all employees and operations.

Optimization Software 69

Optimization Software Vendor Strategies Tips Distribution 69

FreightWaves SONAR

APRIL 27, 2021

What’s also clear from analyzing shipment data is that many of the largest consumer goods shippers have already converted the most obvious applicable shipments to intermodal. Source: FreightWaves data, To learn more about FreightWaves SONAR, click here. ). Whether Shipper X is already utilizing intermodal in the lane.

Picking 52

Picking Purchasing Skills Sourcing Strategies Outbound 52

Logistics Viewpoints

MARCH 28, 2022

Michelle Sodomka, a Senior Director in charge of Open Sky Group ’s transportation management practice has 15 years’ experience in risk analysis and mitigation within the logistics industry. Transportation management systems are used by shippers and carriers to more efficiently manage inbound and outbound shipments.

Security 21

Security Logistics Network Optimization Software Freight Trucking 21

Logistics Business Magazine

JANUARY 16, 2023

The Stratford-upon-Avon based company, which was established in 2007 and recently won a Queen’s Award for Enterprise, is additionally enjoying consistent control of inventory and outbound processes, which help deliver a first-class customer experience.

Procurement Solutions 56

Procurement Solutions Purchasing Skills Procurement Analytics Logistics Network Optimization Software 56

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Another methodology is the Porter’s Value Chain Framework, which comprises of inbound logistics, operations, outbound logistics, sales, and service. They are part of the quality management process and require an analysis of the top factors that drive returns to determine where interventions are required in the process. Outbound KPIs.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 105

FreightWaves SONAR

JUNE 10, 2021

Measuring capacity is a key to maximizing margins/transactions for a broker, utilization for a carrier, and minimizing service and budgetary failures for shippers.The capacity trend indices show you which markets are tightening or loosening by the largest amounts by combining tender rejection rates and market balance of inbound and outbound loads.

Trends 52

Trends Capacity Outbound Inbound 52