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Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supply chain are some of the world’s most complex and regulated industries, which has been further compounded by increasing reliance on data and technology in both fields. What Is SOX Compliance?
This is done by presenting in-depth insights in an effective manner, such as with an easy-to-view ticker lineup, such as seeing OTLT.USA compared to OTRI.USA side-by-side, but that can only go so far in helping to alleviate concerns with routing guide compliance. Download the White Paper.
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. And routing guide compliance is among the top reasons that today’s shippers experience strife and stress in supply chain management. Request a SONAR Demo.
And technology is making it easier to prevent routing guide volatility and create more routing guide stability while increasing compliance. Challenges in routing guide compliance. Inadequate or outdated data remains one of the most significant challenges that face managers when it comes to compliance with routing guides.
And the effects are becoming evident as trucking compliance with applicable routing guide requirements deteriorate. 18, implying a direct return to losses in routing guide trucking compliance. Compliance levels fell rapidly, leading to surging spot pricing. The result has been rejection rates consistently above 25% since Feb.
For example, if an asset issue was detected, solving that issue could involve multiple applications used by multiple people, seeing different information, entering different data, bouncing emails and texts back and forth, and moving information from one place to another. We needed to model the data in a way that we can do simple searching.
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 White Paper.
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. Streamline data collection and analysis.
Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages. Download the White Paper.
When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Without hard data, you can’t take action. When enterprises try to act in the absence of data, they are usually guessing and won’t get the results they need.
Blockchain in the supply chain can be used to create a distributed ledger to all parties, enhancing visibility and compliance. Blockchain’s tamper-proof nature eliminates any concerns over data validation, costs of managing data, time delays, and human errors. Instead of isolating data, shared data empowers all parties.
While this can vary somewhat widely based on the specifics of whats being transported and the particular countries, states, or provinces involved, this can put last-mile delivery companies at the mercy of strict import/export laws, licensing requirements and compliance checks, often creating bottlenecks at customs.
This “SONAR highlight reel,” which we publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. Spot rates continue to rise as freight flows to the spot market – particularly on the West Coast. Request a SONAR Demo. Request a SONAR SCI Demo.
Today’s grocers are capturing copious amounts of transactional data in interactions with customers both online and offline. Download our ebook now to learn more, then schedule a demo with us. To read more of the many challenges: DOWNLOAD THE EBOOK. Current Solutions for Grocery Supply Chain to Consider.
With all the advances in technology and a continuous need to just do more with less, it’s imperative for shippers to start by assessing the quality of their basic data and analytics tools. Penalties for non-compliance Perhaps the most obvious and talked about impacts of freight routing guide failures are penalties.
The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freight data remain disparate and lack value. Compliance with routing guides. As compliance moves further away from 100%, it shows lower performance among trading partners. Request a SONAR demo today. Return rate.
Goods for the holiday shopping season are largely already stateside, which has led to a decline in our forward-looking ocean bookings data. As retailers stock shelves, shippers that experience carrier compliance issues will likely have to pay exorbitant spot rates, which are already ~20% higher than year-ago levels.
Evolve Automation and streamlining No Contact for pricing 40Grid Data-driven decision-making No Subscription-based Lets explore each pest control software platform in detail to identify the right fit for your field operations. Efficiency Tools: Automates reporting and integrates real-time weather data to improve service planning.
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. . Request a SONAR demo online to get started.
That includes potential impact to the environment, social causes and governance structure and their impact on routing guide compliance. A tactical supply chain relies on data and facts to guide all activities. Request a SONAR Demo. Request a SONAR SCI Demo. Inability to compare costs of intermodal versus truckload.
And the routing guide provides a single point of instruction that can be used to measure carrier and supplier compliance or performance, reports Supply Chain 24/7. Therefore, carriers are more likely to consider requests for more competitive rates when shippers can point to the data and prove why they are entering a new mini bid.
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. Hold suppliers accountable for compliance. Leverage freight data analytics to simplify logistics management.
How does the slightest change in capacity and freight demand shift your compliance metrics & costs? It’s hard to predict compliance issues and cost increases when everything seems “normal”. Overcome the barriers to logistics foresight with a data-driven procurement strategy. Are you a FreightWaves SONAR user?
Those data sets and use cases include: Freight market data to assist in negotiations with carriers. Contract freight rate data that is specific to the auto industry can be accessed using SONAR Supply Chain Intelligence (SCI). Request a SONAR Demo. Request a SONAR SCI Demo.
Since its introduction in 2018, FreightWaves SONAR has provided subscribers with the most current freight market data, analysis and insights. SONAR is the only freight forecasting platform that combines contract tender data with spot rate data and creates predictive freight rates.
Collaboration means parties must share data in real-time. Compliance management resources. Even if a shipper follows all the right steps, compliance can remain an issue. Shippers need to maintain compliance with truckers, carriers and other trading partners. Request a SONAR Demo. Insight in lead times.
Logistics Applications of Blockchain Maintain Data for All Parties. Logistics applications of blockchain all derive from maintaining an incorruptible data resource. Tracking data while in transit reduces damage and ensures drivers maintain compliance. Blockchain used in this fashion bridges system and data silos.
Having actionable, irrefutable data has wide implications.” The Federal Motor Carrier Safety Administration (FMCSA) recently rolled out hours of service regulations and the electronic locking devices mandate, and truckers are struggling to stay in compliance with these measures. Blockchain automates that process.
Such problems include: Enterprises waste time by logging in and out of multiple platforms to share or record real-time data. In the supply chain, that amounts to capturing and applying data from across freight forecasting platforms to maximize management through the system of record. Request a SONAR Demo.
The action: prioritize carriers within the routing guide based on which are preferred for shipments, depending on origin/destination data. For instance, it may be necessary to reroute the shipment, move it to another load or mode, dispatch a new driver or perform other necessary activities to ensure compliance with the routing guide.
These technologies leverage data collected from sensors mounted on UAVs, satellite,s and ground-based platforms, enabling farmers to make informed decisions based on real-time insights. GET A FREE DEMO Challenges and Limitations of Drone Usage Drones for pest control offer significant potential, yet face a range of challenges and limitations.
Cannabis Delivery: DaaS ensures compliance and timely delivery, which is critical to maintaining trust and meeting stringent delivery requirements. This data-driven approach can help businesses make informed decisions to optimize their courier operations as well as demand forecasting. Start Using RouteManager! Start Using RouteManager!
However, it has no immunity to rising costs and fees, changes in taxes, mobile data expenses, and penalties. Since the beginning of 2021, maritime shipping lines will need to refocus on safety compliance. The solution: Recognizing market trends as they occur in real-time is easier with access to actionable, insightful data.
The song was built using a demo track from John Lennon dating back to the 1970s and a guitar track from George Harrison from 1995. The song was supposed to come out back in 1995 as part of The Beatles Anthology, along with Free as a Bird and Real Love , two other tracks culled from 1970s Lennon demos. 31 news release.
Predictive rate analysis and implementation across the supply chain Utilizing real-time data and automated analysis provides valuable information to the network. Carrier compliance can be drastically improved to boost success rates Success depends on being efficient. Request a SONAR Demo.
Leaders get so involved in leveraging data that they overlook the meaningful aspect. Data for the sake of data lacks value. As the transportation data regarding order volumes increase, it indicates network expansion throughout the industry. Carrier compliance. Request a SONAR demo by clicking the button below now.
Therefore, in the absence of hedging, CPG companies should utilize as much freight-related data as possible to mitigate freight costs more effectively and improve supply chain efficiency. Those data sets and use cases include: Using data from electronic tenders and carrier surveys to assist in negotiations with carriers and 3PLs.
Now that you know what is the OPRAT index, let’s provide a bit more background on the Truckload Carrier Association (TCA) data and operating ratios and what they can tell a freight carrier. While the truckload carriers submit 500+ points of data, only 31 are published in an aggregated basis inside of SONAR.
Ensuring Safety and Compliance Accurate and Safe Deliveries Technology enhances the accuracy and safety of pharmacy deliveries. Technology helps ensure adherence to these standards by providing accurate records, real-time tracking and automated compliance checks. This reduces the risk of non-compliance and potential legal issues.
The primary purposes of these views are the following: Summarize lane data and group the biggest risks and opportunities with tangible financial results in the form of variance in spend to market. This allows an SCI subscriber to make sure the data is in line with what is expected. The third section is data visualizations.
Viewing where overpaying/underpaying risks are within their network allows for more targeted approaches during the RFP process and will likely lead to holding the line on budgets more effectively than using just historical data in the ever-evolving transportation environment. Request a SONAR Demo. Request a SONAR SCI Demo.
Request Demo. Appointment times, pickup and/or delivery appointments, and other scheduling data can be set in the order management section of the TMS and transmitted via EDI, prior to offering a load to a carrier. Streamline Freight Tendering by Sharing Customer Data From the Moment of Ordering. close Close. August 25, 2020.
Decentralized Data Ensures Compliance and Universal Application of Electronic Devices. The power of blockchain lies in a decentralized data core. For example, blockchain can leverage ELD data to refine the estimated time of arrival for deliveries, reports Finextra.
Using robotic processing automation or RPA can make it easier for shippers and managers alike to aggregate documents and apply the data more effectively. Keeping track of supply chain documents digitally with RPA in the supply chain network makes every aspect of record-keeping and data management much easier.
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