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To help shippers understand the value of data-driven bidding in the short- and long-term, powered by Lane Acuity, this whitepaper will explore: Common problems in managing annual RFP processes for enterprise shippers. How contract data amounts to tactical bidding management. Request a SONAR Demo.
Big data in the supply chain is nothing new. Nearly every shipper, broker and carrier collects and uses data to derive insights, including predictive rates. The value created with real-time data and right-now lane-level analysis to enforce compliance. Fill out the Form Below to Access a COPY of the WhitePaper.
That analysis should help you to determine which carriers you want to solicit bids from. From there, we recommend using a variety of data sets in SONAR to help quantify the degree of inflation or deflation in rates you should expect for the freight you are putting out to bid. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER.
They have real-time data transfer, flexible communication, and Big Data analytics. This was mostly driven by the surge in e-Commerce in response to the pandemic and restrictions, as well as by the industry’s need for efficient warehousing, inventory management and real time data to deliver efficiencies and cost savings.
Data has become an integral part of the supply chain network’s daily operations and is inseparable from the modern processes that govern procedures involved in transportation. Anything other than up-to-date, near-real-time freight data will make the work of the management team all the more difficult. Request a SONAR Demo.
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.
Cerasis is excited to announce the release of an all new, exclusive, & educational resource “How to Optimize Full Truckload Shipping Through Technology & Best Practices” whitepaper! Get a free copy of the whitepaper by filling out the form to the right.
She has led programs ranging from acquisitions to technology deployment with a strong focus on lean manufacturing and data management. Companies will need to implement solutions that give this data in real-time or in the shortest time possible. can be created to serve as a sandbox for scenario analysis. About CarrierDirect.
Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. 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.
Given that our proprietary TMS, the Cerasis Rater , provides multiple reports, giving our shippers’ many insights, this post is quite appropriate, just like getting the data that is meaningful , in order to make the best decisions for your business possible. . Profits Need More than Benchmarking in your Transportation Cost Analysis.
This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how dataanalysis may help. Disjointed systems and data silos, creating delays in processing and deficiencies in visibility. Get Your Free WhitePaper Today. Download Here. Order picking accuracy.
Data for data’s sake lacks value, especially in the view of the supply chain. And across the market, submitted data becomes rapidly outdated. And in some industries, outdated data can have disastrous consequences. For instance, take the value added by more accurate data in the health industry.
Reaching mutually beneficial service level agreements (SLA) or trade agreements depends on the access and utilization of current logistics data and a decent amount of preparation. Far too often, there is a severe lack of real-time logistics data to work with during this process. Download the WhitePaper.
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.
Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes. Data access to see savings compared to truckload and other shipping methods. Data accuracy can and does impact freight transportation in a significant way.
Global trade data and shipping demand management are not just things that high-tech companies and international investors need to worry about. This focus makes proper use of global trade data and analytics so vital for continued recovery and growth throughout the supply chain network. Download the WhitePaper.
Data represents an integral part of daily life for most people, and it is no different within the transportation industry. That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too.
As further explained by Deloitte , “business cases show how new technologies – from smart sensors to advanced data analytics to cognitive computing – are transforming traditional linear supply chains into connected, intelligent, scalable, and customizable digital supply networks to help reduce costs and drive sustainable growth.”
H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. Global retailers use data to understand lead time Successful supply chain operation at any stage hangs on the ability to stay on top of shipping and transport logistics. Download the WhitePaper.
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 is part of enabling proactive supply chain management.
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. Download the WhitePaper. Think about it.
It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.
And that’s why it’s important for carriers to apply data and enable predictive freight rating through these five requirements. Download the WhitePaper. Of course, it is also critical to apply data across all activities to identify which loads are ripe for the taking.
That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. The right partner will also work with your team to implement changes based on data-driven recommendations and identify opportunities for continuous improvement. . Focus on Carrier Procurement and Management. Learn More.
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.
The problem looms large for shippers and managers across the supply chain network, but the answer is out there – better utilization of smart data and automated processes. Poor data analytics cause disruptions. The inability to properly review data and make educated predictions can exacerbate unplanned disruptions and errors.
The sum of that freight tech volume is somewhat ironic – data overload and an inability to manage due to the inefficient use of several systems. Freight tech APIs collect data in near real-time. Connected systems can collect data in near real-time, limited only by the speed of an internet connection. Download the WhitePaper.
Enterprise shippers are looking for ways to capture and analyze more data Making the most of available technology has always been critical for fine-tuning a supply chain. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis. Download the WhitePaper.
Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. And it’s important to know why tendered, non-paid data can add so much weight.
So when I asked Cathy Roberson, a senior analyst at Transport Intelligence and a tech-enthusiast who is vox supplychainus on Twitter at cmroberson06 , I was not surprised when she sent me back an analysis that seems to match up perfectly with some of Google’s recent projects: Google Glasses, Android and 3D printing. yellowbox].
By using strong management and analysis processes, supply chains can maximize value and stay competitive. Streamline data capture and analysis. Failure to use data and apply it accordingly within the fleet will lead to problems securing loads, offering competitive freight rates , and keeping drivers in trucks.
In fact, a recent study , in partnership with Edelman Data & Intelligence, found a broad increased level of confidence from supply chain leaders despite peak season disruptions among those that have successfully implemented data-driven, third-party resources to manage heightened activity levels. Learn More.
Relying solely on manual shipping dataanalysis continues to yield poor results. The old ways of recording, processing and responding to analytical data need a streamlined approach. Download the WhitePaper. With accurate data and automation, enterprises can stay ahead of the curve.
As the world of transportation continues to evolve, shippers and logistics service providers (LSPs) are effectively utilizing certain methods along with modern data platforms to meet the demands of today’s supply chains. Download the WhitePaper. Leverage freight data analytics to simplify logistics management.
And the transportation and shipping industry has a choice to make – to take advantage of trucking data or to ignore it, continuing as before. . Access to data and proper analysis are both essential to maximize profits and reduce costs. Real-time trucking data helps to secure more capacity and better shipping rates.
It always goes back to using data as a best practice for all aspects of freight management. Download the WhitePaper. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation.
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.
Download the WhitePaper: Over the Road Freight Management Trends. Enabling Data-Driven Decision-Making. ?Access Access to real-time data and the ability to perform real-time analysis ?enables enables businesses to make data-driven decisions to drive efficiency into the supply?chain.?Descriptive Learn More.
Supply chain management is a field where Big Data and analytics have obvious applications. Until recently, however, businesses have been less quick to implement big data analytics in supply chain management than in other areas of operation such as marketing or manufacturing.
BONUS : Download the Guide To LTL Freight Mangement WhitePaper. P re-bid supply chain and customer analysis helps LTL shippers define strategic bid objectives, such as reducing costs or number of carriers, delivering goods to market more quickly, and addressing freight challenges within certain geographic areas.
That’s where data analytics comes in.” Gaining in-depth insights and current data about the supply chain, load statuses, and consumer demands can make it easier for enterprise sippers to adjust and plan. Thus, modern advances in data collection and analytics have made it significantly easier to automate this process.
Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. And it’s critical to know how carriers can tap data and analytics technology to boost driver morale and attract more talent. . Download the WhitePaper.
A confident, data-driven trucking RFP undertaking can make a big difference in freight spend. It’s because enterprise shippers are turning to new intelligence tools, such as SONAR SCI , to conduct a freight spend analysis to maximize contract freight use and allocation. Download the WhitePaper. Request a SONAR Demo.
According to Supply Chain Dive , “The number of supply chain professionals who say they’re currently using predictive analytics at their company has grown 76% from 2017 to 2019, according to a Supply Chain Dive analysis of the annual MHI Industry Report.” Download the WhitePaper. Plan, replan and plan again.
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