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
In today’s fast-paced e-commerce landscape, last-mile delivery has emerged as a critical component of the supplychain. 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.
Kevin is the Vice President of Sales at Greenscreens.ai , a technology that provides predictive pricing recommendations for maximum broker margins. His expertise extends across a diverse range of industries, including healthcare, energy efficiency, logistics, and technology applications. Greenscreens.ai Greenscreens.ai Greenscreens.ai
According to EFT’s SupplyChain Hot Trends to Watch for in 2019 , one of the most significant trends that we should be paying attention to this year is automation. Industry players have already begun experimenting with technologies like robotics and artificial intelligence.
Some of the most cost-effective software and methods supplychain professionals and the best freight brokers can adopt are supplychain predictive analytics programs. While still relatively new to the supplychain, analytics implementations have skyrocketed in popularity since its birth a little over 10 years ago.
I work in supplychain. If I had done due diligence, I’d have seen the warnings – the retailer had pretty pictures on their website, but their supplychain failed them, creating an eleven-month saga and unhappy customer. The failure was in supplychain orchestration – connecting planning to execution.
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.
3 min read Log-hub announces a major update to its SupplyChain Apps, delivering powerful enhancements that streamline cost management, route optimization, and data-driven decision-making. These features empower supplychain professionals with greater efficiency, cost control, and accuracy.
A TMS is a software program that allows you to manage your entire supplychain, including your internal logistics department, suppliers, warehouses, carriers, vendors, etc. Instead, technology like a TMS simply helps you do your job more efficiently by automating those very manual and time-consuming tasks that we do every day!
Efficient load planning is more critical than ever and a key performance area for any supplychain. A transportation management system (TMS) , specifically one that includes a freight optimization tool, is one way to analyze and take your load planning process from hours of manual work to minutes through automation and technology.
Automation continues to prove its value in building transportation and freight management relationships. Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. from 2020 to 2027.” from 2020 to 2027.”
Why Many Companies Struggle with Logistics Management Inefficient Tools and Systems Far too many businesses rely on outdated and inefficient tools like spreadsheets and email for their logistics. Thats what its like not having any visibility into your supplychain. Whatever the case, you may be desperate for some help!
Choosing a supplychainsoftware vendor can be a long and tedious process. You need to make sure the software has the right capabilities, that you have the right people on board to truly leverage it and that it will support and not hinder your processes. Mapping European SupplyChainSoftware.
And that helps to create entirely new ways of viewing the supplychain to proactively hedge risk. . Understanding why rate forecasting is so vital and how accurate data and analysis can help improve predictions are essential. Lower profits mean less revenue for paychecks, upgrades and technology.
Choosing a supplychainsoftware vendor can be a long and tedious process. You need to make sure the software has the right capabilities, that you have the right people on board to truly leverage it and that it will support and not hinder your processes. Mapping European SupplyChainSoftware.
Knowing how supply and demand fluctuations go and responding accurately remain keys to growth and success. By using strong management and analysis processes, supplychains can maximize value and stay competitive. And freight KPIs can serve as a valuable tool for freight market intelligence.
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 supplychain. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis. Download the White Paper.
Managing the manufacturing supplychain and freight markets of today requires skills, tools, applications and services that have never been utilized in the past. Supplychain constraints are impossible to avoid, but they can be planned for to reduce their impact.
Relying solely on manual shipping data analysis continues to yield poor results. And that all begins with deploying advanced freight management analytical resources and tools that actively work to lower all risks, ranging from detention through final mile management. New ways must be adopted. Download the White Paper.
How does your company define success in the supplychain? Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. Shipping status tools to track freight.
Traditionally, shipping companies have relied on manual tools and processes, predominantly managing their requests for proposals (RFPs) and bids using simple spreadsheets. This approach is cumbersome and fraught with challenges such as limited visibility, inefficient data management and difficulties in bid analysis.
Big data in the supplychain is nothing new. And as reported by SupplyChain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.”
Digital freight matching is growing more valuable as a way to source meaningful capacity Companies and freight managers that have embraced digital technology and automation remain more likely to thrive. Right now, global demand-supply matching technology imparts a surprising competitive advantage for carriers and transporters.
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.
Logistics stakeholders are continuing to digitalize operations—and supplychains—through new technologies that meet customer expectations and keep up with global trade challenges. Companies were forced to adapt quickly to a volatile market and supplychain disruptions throughout the pandemic.
What this blog is about: Using automation and digital disruption to transform supplychains. Logistics stakeholders are continuing to digitalize operations—and supplychains—through new technologies that meet customer expectations and keep up with global trade challenges. Industry 4.0
What this blog is about: Using automation and digital disruption to transform supplychains. Logistics stakeholders are continuing to digitalize operations—and supplychains—through new technologies that meet customer expectations and keep up with global trade challenges. Industry 4.0
This remains key to the overall success of investments within supplychainanalysis. Throughout the supplychain, data-driven transportation management’s success is only as good as the data quality and integrity in use. Things will go wrong. It’s relatively common, but how an enterprise reacts is the differential.
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 supplychains. Knowing the following key tactics and using the proper tools will help sustain long-term savings.
With so many shipping modes and options to choose from and a wealth of innovative technology to take advantage of, it can quickly become overwhelming and confusing. Capture market data in near-real-time Real-time data represents a valuable tool for logistics managers when planning and adapting routes for the real world.
It is clear supplychain business intelligence is essential for success with freight load management. Be sure to consider the interdependencies of the global supplychain.” Let’s take a closer look at them and how they maximize supplychain efficiency and profitability. Download the White Paper.
One of the most popular tools that drives the supplychain to new heights is the process of intermodal freight shipping. This is seen exceptionally well when looking at rail capacity and transportation rates for the modern supplychain. Request a SONAR Demo.
What is a supplychain strategy? A supplychain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Supplychain strategies have come into the spotlight as volatile demand and complicated global markets have made supplychains more complex.
In most industries, supplychain logistics account for 5% to 50% of a product’s total cost.” Knowing freight costs in advance is essential to keep total landed costs in check Understanding transportation freight costs and current freight rates for lanes must be the primary goals of cost analysis. Think about this.
Robotic process automation (RPA) leverages innovative softwaretools that can either partially or fully automate human activities to become more efficient and productive. Smart technology based on machine learning and AI chatbots are beneficial for several critical systems and functions within the supplychain.
This must always remain the focus of the entire supplychain. Even when processed with advanced business intelligence tools, inaccurate data will do more harm than not having access to any data at all. . Looking to the future with e-commerce and automation. Click the button below to request a FreightWaves SONAR demo.
Meanwhile, shippers face the challenge of managing their day-to-day transportation networks during a period of unprecedented supplychain disruption. Either one would be a challenge, but performing both at the same time presents additional challenges in a carriers’ market. Request a SONAR Demo. Request a SONAR SCI Demo.
As global supplychains become more complex, disruption in one link in the chain can significantly impact other areas. Having systems and processes in place to reduce the possibility and subsequent impact of supplychain issues is extremely important. What is artificial intelligence? What is machine learning?
Automation continues to prove its value in building transportation and freight management relationships. Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. from 2020 to 2027.” from 2020 to 2027.”
For that reason, shippers must know which systems and types of shipping technology form the foundation of their tech stacks’ transportation management capabilities. Having access to real-time data and having shipping technology systems that allow for fast analysis is vital.
The importance of distribution software. This is where supplychain digitalization projects can help to automate simple processes, improve efficiency and save money. There are a host of distribution software systems that manage internal and external supplychain workflows. Improved efficiency.
And it’s important to understand how improvements in drayage planning , considering TEU activity as shown in the Top Imports by Consignee app within the Ocean Shipments Report in FreightWaves SONAR, amount to proactive supplychain management. As explained by SupplyChain Game Changer , “Drayage services are more essential than ever.
Outlook and predictive planning are a big part of successful supplychain operations. According to SupplyChain 24/7 , “ In the industry right now, there are 10 orders to ship for every available truck; however, a large portion of private fleets are running their assets with a significant amount of empty backhaul miles.
This focus makes proper use of global trade data and analytics so vital for continued recovery and growth throughout the supplychain network. Enterprise shippers and logistics managers need to embrace global trade data and analytics to apply this valuable insight throughout the supplychain.
Operational Delays Driver shortages lead to significant delays in delivery schedules, disrupting supplychains and causing inefficiencies. Businesses struggle to maintain their commitments, which can severely complicate the supplychain. Increased Costs With a limited supply of drivers, wages have increased substantially.
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