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Data is a big buzzword across industries, but how about when it comes to logistics? In this episode, Joe Lynch sits down with William Sandoval , the Senior Vice President of Product Management and Strategy at PowerFleet Inc. Beyond The Data with William Sandoval. Our topic is beyond the data with my friend William Sandoval.
First, no one strategy or technology fits every case. Second, effectively improving warehouse operations requires a combination of data collection, process improvement, and technology. When optimizing the picking process in a warehouse, it is important to recognize two key concepts. full pallets, full cases, individual units, cargos).
Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. He is responsible for driving strategy, customer engagement, and industry analysis.
Demand is at the Heart of Supply Chain Network Design The first step in the SCND process is translating business rules into a set of data inputs: demand, products, customers, sites, shipment rules, production details, and various constraints. Another strategy is to dedicate resources and build the best algorithm for demand forecasting.
It's quite a process for marketing teams to develop a long-term data management strategy. It involves finding a data management provider that can append contacts with correct information — in real-time. Not just that, but also ongoing data hygiene efforts to keep the incoming (and existing) information fresh.
He has made significant contributions through his involvement in consulting projects with Metafora (formerly CarrierDirect) and his instrumental role in developing and executing sales, marketing, and product growth strategies for ExFreight Zeta, Inc. Through the utilization of advanced machine learning techniques and big data, Greenscreens.ai
quintillion bytes of data every day. 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? The retail industry is rich with data. On average, we humans generate 2.5
The role of logistics in modern companies is not only to support corporate strategy but also to enable it. Data is the enabler that allows companies to meet these changing market dynamics through optimal transportation orchestration. How about your need for a seamless corporate transportation analysis?
Previously advised companies on corporate strategy and M&A in Brazil and New York for 8 years. Loadsmart has launched FreightIntel AI: Their AI-powered platform that provides real-time data and insights. AI freight management analyzes data, provides ranked insights and recommendations.
Throughout her career, Sarah has been recognized for developing and executing sales strategies that help clients choose the best products for their needs. The platform also includes features like credit reports, fuel price data, and broker authority information to further assist users in their decision-making process. The Greenscreens.ai
To address these issues, companies are adopting innovative strategies, including dynamic route optimization, real-time tracking, and even leveraging emerging technologies like drones and blockchain. Data-driven approaches, such as predictive analytics, facilitate real-time adjustments in delivery operations.
Anthony transitioned to a Corporate Economist & Consultant, advising CXO leaders and Fortune 500 companies on economic analysis, industry trends, and internal strategy. He led analysis around M&A, pricing sensitivity, competitive intelligence, and annual sales forecast for the executive team. monthly impressions.
In a prior post , I wrote about the various ways data is transforming global supply chains. Data is the raw fuel of digital transformation and the linchpin to accelerating industry collaboration, automation, predictive insights and so many more cutting-edge capabilities (including those yet to be invented). So, what is quality data?
Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk.
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.
Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis.
Applying the strategies and methodologies he learned while serving Fortune 1000 brands as a strategist, Adam brings both creative and practical strategies that move the needle for the mid-market companies he serves. Adam is also an entrepreneur.
So, when I learned that GIS can effectively be used for traffic analysis and management, my interest piqued. GIS is a powerful tool that enables the analysis and visualization of spatial data, allowing for the integration of geographical elements into transportation planning and management. How Does GIS Help?
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.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.
These technologies run on data, which makes timely and accurate data collection, validation, management and analysis fundamental to advancing digital optimization strategies.
These sensors capture precise data on factors like location, speed, fuel usage, and driver behavior, transforming fleet management from reactive to data-driven decision-making. The IoT data allows managers to detect inefficiencies, predict maintenance needs, and even assess driver performance.
Specialized in Market Research: Brush Pass Research provides in-depth market research and analysis for various sectors, helping clients make informed decisions in their business strategies.
Today we’re going to look at some of the consumer trends that might affect your preparations for peak season 2024, and strategies to maximize them. Data from each channel should be synced in real time, providing complete transparency throughout the fulfillment process.
She has led programs ranging from acquisitions to technology deployment with a strong focus on lean manufacturing and data management. CarrierDirect builds organizations and relationships, providing strategy and technology designed to maximize efficiency, reduce cost, and make your business stand out. About CarrierDirect. Tony Nichols.
Lauren is a seasoned maritime attorney and the founder of Squall Strategies , a boutique maritime consulting and legal solutions company and offers a wide range of consulting services to serve a variety of businesses and clients. Beagen is a seasoned maritime attorney and the founder of Squall Strategies, LLC. About Squall Strategies.
Improving Supply Chain Visibility: The Impact of DataStrategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.
The manufacturing industry is currently undergoing a rapid digital transformation, and as a result, companies are generating vast amounts of data. Unfortunately, without proper processing and analysis, this data is of little use to the organization. This enables managers to take swift action and keep production on track.
That’s where SONAR SCI Lane Acuity can add the most value and prepare enterprise shippers for true, future-ready bidding strategies. How contract data amounts to tactical bidding management. 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.
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 dataanalysis and application is essential for shippers to stay strategic and tactical as they forecast out contract and spot truckload rates.
Previously advised companies on corporate strategy and M&A in Brazil and New York for 8 years. Savvy shippers and carriers will look for 3PL partners who can not only automate the life of the load, but also provide additional value via analysis, business intelligence, and market insights. About Felipe Capella. Felipe Capella.
An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. Inventory Management The key starting point is implementing proper ABC analysis, and you need to look at it from multiple angles.
However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. And these additional five shipping strategies can help enterprise shippers maximize recovery and boost profits. It’s that simple. Request a SONAR Demo.
Supply chain policies and configurations are tested and leverage reinforcement learning to yield the best possible strategies. By understanding the behavior of the supply chain under diverse conditions, companies can develop strategies that enhance flexibility and responsiveness. suppliers impact your ability to deliver.
Ilya was formerly a strategy and operations management consultant within the Big 4 with both PwC and KPMG, advising Fortune 1000 clients across healthcare, technology, and private equity verticals. Ilya Preston is the Co-founder and CEO of PAXAFE. Ilya earned a Bachelor of Science in International Business from the University of Indianapolis.
Another key strategy is right-sizing cartons to match the specific dimensions of the products being shipped. The ability to make data-driven decisions in real-time is invaluable for maintaining a high level of operational efficiency. This leads us to the idea of Dynamic Slotting , an essential strategy for space optimization.
Running a spend analysis is the first step to understanding what you are spending, and therefore where you might look for savings. Depending on how your systems are set up, this may be information you can rapidly pull out of other data bases. Industry Sector Best in Class Industry Average Pharmaceutical <5.3% Manufacturers <6.8%
Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. This remains key to the overall success of investments within supply chain analysis. Think about it. Download the White Paper.
Ensuring seamless data flow between these systems for various scenarios can be difficult, compounded by the need to maintain data integrity across different systems and scenarios, requiring continuous data validation, cleansing, and synchronization. Nari Viswanathan is Sr.
The average cost of a data breach reached $3.86 Your transportation consultant can help develop response strategies to ensure your supply chain continues to operate while the problem is addressed. Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic.
To actually realize the promise of end-to-end visibility and control over our incredibly complex supply chain networks, we need really big picture thinking — particularly when it comes to the supply chain data networks that serve as the foundation for true digital transformation. Numbers matter when it comes to supply chain data networks.
What will the total costs be associated with different green strategies? It examines the skills of the people on the team, the process, technology, and strategy associated with supply chain design. From a process perspective, an analysis is not enough. But most fundamentally, a company must be data driven.
The post-COVID-19 (if we can claim to be post COVID) “new normal” will continue to be defined by new challenges and more importantly by the ability of the supply chain executives to manage disruption and their ability to power organization strategy and growth. Capabilities you should be looking to real world data modeling.
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