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But how do you do this for every order, each and every day, forever? Analytics for Risk Management This isn't your grandmother's data analysis; we're talking about sophisticated pattern recognition that makes your shipping operation smoother than a freshly waxed surfboard. It all comes down to how well you can utilize your data.
About Sarah Ahern Sarah Ahern is a trailblazing female leader and mentor in data and business management, a 4x entrepreneur with a social impact focus, and a builder in the woman-owned business community and beyond. Key Takeaways: How Exceptional Companies Grow PATH is a 40-year-old supply chain market research and business management firm.
To do that, you need to access accurate data and create insightful reports for GL, as well as other finance and operational needs. The challenge is that many teams also rely on manual data exports from their ERP or ‘data dumping’ into Excel to report on and analyze their data beyond what standard reports offer.
Image source: Pexels | Logistics Challenges and How to Overcome Them Let’s break down the most common logistics problems and how you can resolve them to improve your operations. Read Also: How to Optimize Your Stock With Ideal Storage Structures 1. But the good news is, there are proven solutions that can help overcome them.
Webinars Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - May 20, 2024 Supply Chain Now Webinar On-Demand: From Data to Delivery: Transforming Logistics for Maximum Efficiency Missed our live session? No worries!
By incorporating telematics and dash cam data from its customers into its integrated risk management model, HDVI is able to select, price, manage, and retain risk more accurately and efficiently than incumbent commercial auto insurance providers. Learn More About The HDVI Story. Chuck’s LinkedIn. HDVI LinkedIn. Customer testimonials.
Knowing about her blogging side hustle, the executive team allowed her to take on the additional responsibility of the company’s digital marketing initiatives where over the course of 5 years, orchestrated two website redesigns, implemented an inbound marketing initiative, and established a sales outreach plan. 00:36:05] Starting a Podcast.
Instead of being relegated to the margins, executives must rethink their strategy and consider how a data-driven reverse supply chain can add more value and improve profit margins. The Benefits of a Data-Driven Retail Reverse Logistics Strategy. Faster time to resolution for returned items.
In other words, supply chain leaders need to validate and measure the success (read “accuracy”) of data source analytics and how well they stack up to the observed market conditions. The post [WHITE PAPER] How to measure freight data analytics value and why backtesting proves it appeared first on SONAR.
Additionally, most planning tools fail to incorporate the abstract data that’s required for this stage. How can you account for new products that don’t exist in master data? Often, demand planners are located in supply chain, where there is more data affinity. Pitfall #3: Demand is not owned by sales and marketing.
Before we close the curtains on 2021, we thought we’d revisit ten of our most popular blog posts that resonated with our readers, capturing the challenges and opportunities of an unparalleled year of disruption across the supply chain. Without further ado, here are GlobalTranz’s top posts of 2021: #1.
How to Prevent Ecommerce Fraud Ecommerce fraud occurs when hackers gain access to private, financial information one of two ways: either by gaining access to the customer’s credit card information through phishing or weak passwords, or by hacking into records stored by an ecommerce business with weak cyber security practices.
Data is a crucial component of digital transformation in the manufacturing sector. However, data in itself is not a value driver. Many manufacturers aren’t maximizing the value from enriching data and missing out on opportunities to grow, optimize or manage risk. Share data for partnership and growth.
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.
How to Navigate Your Supply Chain During Market Swings Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 21, 2023 Market conditions play a crucial role in shaping challenges professionals face when managing their organization’s supply chains.
The real benefit of implementing an ERP system lies in integrating core business functions such as finance, inventory management, production and sales into a single, unifying platform that provides a business-wide view using centralized data. An ERP system can import and make use of other data such as that from IoT devices.
Blog Topics. How to Get the Most ROI from Supply Chain Logistics. Never Stop Analyzing Your Logistics Data. In the world today, data is king, and you can bet that your competitors are trying to use it to their fullest advantage. The Shared Milkrun Mexico & Border Logistics.
In recent years, the amount of data available to most companies has exploded. Common issues include: Lack of data-source integration. The ability to gather and compare data from multiple sources is vital to making real-time decisions. Data warehousing costs rise. Scarce manpower. Human error.
Manufacturers increasingly turning to data and analytics, from an ERP system, to support business initiatives. Data is after all the fuel that runs the Fourth Industrial Revolution. Challenges to using data. Many manufacturers are data-rich but when it comes to using it they are insight-poor.
With the solution build and accepted, the next phase is go-live where the final steps of data import, training and cut-over to the new system occurs. The post How to choose your ERP implementation methodology appeared first on SYSPRO Blog. Put first things first.
Among the production lines, warehouses, and shipping docks of your company, your ERP system acts as the air traffic control tower—directing every operation, process and data point successfully from and to their destinations accurately and on time. The post How to choose the right ERP system for your business appeared first on SYSPRO Blog.
An ERP application consists of a wide range of elements, including processes and workflow, master data, and hardware and network infrastructure. Customer data is often identified as critical so strong security standards should be applied to file integrity and access to the information.
Webinars Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search Adam White - February 29, 2024 LinkedIn Live Webinar On-Demand: Transportation Cost: The impacts & how to gain visibility to the right data What’s the Topic? We can help.
For those who are seeking how to be a successful freight broker, they should first look at how they can make themselves stand out. Here are three tips to help guide you on how to be a successful freight broker and freight sales and ultimately, freight broker profit. . 3 Tips on How to Be a Successful Freight Broker.
With one universal touchpoint, businesses can have full visibility of inventory levels along with backend systems to handle procurement and sourcing policy changes, distribution, and lead time planning as well as analytics providing data real-time to support improved decision-making. Maintaining competitive advantage.
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This post from Elemica’s blog provides guidelines on how to manage the security of the data and the management of APIs. Read more Editor’s Pick: Seven Guidelines for API Security in a Digitized Supply Chain Network.
The Logistics Blog®. How to Utilize Data to Drive Planning Changes and Improve OTD & Fill Rates. With persistent disruptions to the supply chain, having transparency to accurate data is crucial in forecasting, being able to stay agile, and combatting interruptions. What is the importance of having access to data in ?
Blog Topics. How to Take On Today’s Cross-Border Shipping Challenges. How to Address These Issues. TMS utilizes data reports to review past financial performances and progress, as well as budgets for new programs and projections for the coming years. The Shared Milkrun Mexico & Border Logistics.
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. But analytics is a complicated topic, and knowing how to apply them can be difficult at best. To help enterprise shippers find and overcome these risks, analytics can help.
Here’s how: Information is consolidated on one platform. A QMS integrated with your ERP brings all of your quality management data together in a single, centralized database and makes it accessible to anyone who needs it. The post How to improve quality management in your manufacturing business appeared first on SYSPRO Blog.
This blog will look closely at the 6 most pressing challenges posed by smart factories and how an ERP system can help you overcome them. By doing so, data from all departments is brought together, making information easily accessible across the entire organization. Many of these challenges stem from the technologies themselves.
According to a 2016 McKinsey & Company report : “Data and analytics underpin several disruptive models. Introducing new types of data sets (”orthogonal data”) that can disrupt industries, and massive data integration capabilities can break through organizational and technological silos, enabling new insights and models.
They discuss how to use freight data to improve conversations and build trust with your customers. The post Building Trust & Enhancing Conversation with Freight Data (video) appeared first on SONAR. #WithSONAR hosts Luke Falasca and Kyle Taylor are joined by Chris Seeds, Director of Sales at Bridge Logistics.
Many of the most beneficial tools come from the utilization of data and analytics. Data and analytics provide carriers with an incredible wealth of information that has proven to bolster revenue and profits. How carriers create data-driven pricing strategies. Request a SONAR Demo.
Tracking market trends within truckload rates relies heavily on data 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. Data-driven insights provide a rubric for guiding RFP processes.
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.
An enterprise resource planning (ERP) system can automate and provide a systematic approach to creating a forecast from historical data. It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Stay Agile, Get Ahead.
In the first blog on streamlining manufacturing , we discussed how OEE (Overall Equipment Efficiency) and MOM (Manufacturing Operations Management) can improve manufacturing processes. Therefore collecting and using data about the operations of these machines has seemed difficult, requiring expensive upgrades.
In addition to understanding your market, try to contextualize it as much as possible with historical trends and stone cold data. A calculator and some historical data should do the trick, but, if that doesn’t work, you can always bribe an accountant with delicious pastries. . Subscribe to our blog newsletter today !
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. Throughout the supply chain, data-driven transportation management’s success is only as good as the data quality and integrity in use.
If you’ve been itching to pick up the pace, you’ve stumbled upon the right blog post. Not only will you have the chance to flex your detective chops, but you’ll also become familiar with the strengths and weaknesses of your competitors, which ultimately translates to actionable data for tangible results. Ready, set, go! #1.
Collect data and benchmark your carriers’ performance. Collect and benchmark carrier performance data. That might include collecting both internal data and using the resources available in SONAR, such as SONAR InGauge, to compare carrier data against the industry. . Track those carriers within the scorecard as well. .
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