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Without adequate data and information on the freight market, shippers can find themselves in the same disadvantageous position as Mr. David. If carriers are rejecting twice as many loads in September as they were in August, that could be par for the course in a tightening market – or not. Request a SONAR Demo. Request a SONAR SCI Demo.
Further, we wanted to also highlight an excerpt by Jeannine Kunz, Director from ToolingU-SME’s whitepaper, “ People Power: Human Capital Drives Manufacturing Competitiveness. Current manufacturing training and development best practices often integrate competency models, blended learning, and a data-driven approach.
To help tackling both the climate crisis and other environmental challenges such as water use and waste generation, DHL has published the new whitepaper “Delivering on Circularity”, which takes a profound look at how circular economies can help with these challenges.
Supply chain intelligence and actionable insights must apply the most accessible, near real-time data available. Analytic data resources for brokers are great, but it’s equally important to realize that FreightWaves SONAR is much more than a broker-exclusive resource. Of course, there’s another advantage.
Werma has published a free whitepaper, available for free download, to help understand how important the choice of the right signal is for the safety of everyone in industrial environments. Even in ancient times, wood-fired beacons kept seafarers on course. Cutting-edge technologies for data exchange.
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.
And of course, it hinges on the ability to understand and maintain consistency in your metrics. . Capture and analyze data inside and outside of your network to benchmark performance. The biggest barrier to efficiency in supply chain agility rests with an inability to see, capture or analyze freight data.
“What’s the best way to use data to beat your competition as a freight brokerage business?” Nevertheless, it all adds up to a greater demand for integrated systems and real-time data. Furthermore, real-time data and SaaS-based resources have additional value in the form of enabling management by exception.
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.
Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Of course, carriers want their transportation networks to be as profitable as possible. Applied data lowers the risk of over-valuing or under-valuing trucking costs. Download the WhitePaper.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.
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.
She is a sought after author and speaker having been published in various books, articles, and whitepapers and spoken at dozens of industry events. Join the Circular Supply Chain Network to be among the first to know when we have live discussions, webinars, new courses, and more! Analyzing data. Circular Supply Chain.
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.
But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Here are a few things managers need to keep in mind when working with real-time freight data for pricing purposes. . Of course, it all depends on the ability to stay strategic. .
Here’s how you can improve manufacturing floor data collection, long-term. A key component of any manufacturing process is data collection. However, are you starting to outgrow your manufacturing floor data collection system ? At one point, every program used to record data was being used by no fewer than 21 managers!
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download whitepaper. Connect All Data to Understand Customers’ Shopping Experiences. So, Omnichannel Is Not Dead? Not exactly. Omnichannel is more of a misnomer now. Twitter Facebook LinkedIn The post Is Omnichannel Dead?
In its new whitepaper, EPG gets to the bottom of the matter with Prof. “To help ease the situation, we looked for ways to optimise the system and took a closer look at a number of scenarios for the future in our whitepaper, such as delivery by transport drone or robot. And that is not all.
Every shipping mode and method can benefit from access to accurate, real-time freight data. For instance, consider these top uses of data and calculators within existing systems: Trucking metrics can benefit from clear data highlighting key areas of profit and loss within the fleet. Download the WhitePaper.
Unfortunately, interpreting the data received is never straightforward. Erratic behavior in said data can lead to inaccuracies and confusion for carriers if the activity fails to conform to set standards. Even worse, data that isn’t monitored amounts to lost opportunities for improved efficiency.
Of course, that all depends on seeing the activities that are occurring, benchmarking current carrier operations and continuously improving. Streamline data capture and analysis. Data for the sake of data is meaningless without proper, automated analysis and data capture. 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.
Relying solely on manual shipping data analysis 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.
Transportation Management Data Insights Lead to Collaboration, Reduced Shipping Costs, & Beating the Capacity Crunch In this “The Freight Project Podcast” episode you’ll hear : The value to a business to have an executive in charge of driving change and innovation. Transportation Management Data Downloadable Resources.
Download the WhitePaper. Again make sure it will be remembered and will work well for all your marketing plans across your website, social media posts, email campaigns, and of course for your salespeople, who will be explaining the value over the phone and in meetings. . CREATE ONE UNIQUE SERVICE.
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.
Near real-time data. Near-real-time data in day-to-day operations keeps rates and capacity as accurate as possible. Using near-real-time freight data proves invaluable in keeping freight broker resources in check. Download the WhitePaper. Integrated systems make applying data easier and faster than ever.
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.
Inadequate or outdated data remains one of the most significant challenges that face managers when it comes to compliance with routing guides. Poor data utilization and access cost nearly incalculable amounts of money each year for shippers and carriers of all sizes. Lanes the carrier typically runs and any related data.
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.
Data analytics can be applied to virtually any supply chain process, and analytics hold great value in managing retail supply chains. Defining retail needs is not an easy process, but data is king and can help companies sift through the needs and wants of customers, reports Arthur Zaczkiewicz of WWD. GET YOUR FREE WHITEPAPER.
It hinges on how a company’s employees can understand and act on real-time freight data. Freight management parties need to know a few things about using logistics data to make the best decisions. Download the WhitePaper. When to choose one over the other through meaningful, actionable data. Contract freight : .
In fact, with reverse logistics peak season upon the industry, data to understand reverse logistics procurement in the shipping industry is even more valuable. . Download the WhitePaper. Create and maintain open lines of communication with clients and 3PLs through designated communication channels and data-sharing platforms.
Download the WhitePaper. Throughout the years to come, accurate data analysis will remain essential for effective truckload shipping. Of course, the real scale and value of freight KPI monitoring again depend on the ability to benchmark internal processes and continuously improve. It’s that simple.
Primarily, the challenges in using LTL shipping apps go back to data and costs, asserts Kate Abrosimova of Yalantis , including: Lack of access to information. Poor data quality. Data that is outdated. Inaccurate shipment data. Reduced dispersion of technologies to track data in trailers and trucks.
Bonus: Logistics Service Level Agreement and Logistics Key Performance Indicators: A WhitePaper. The Importance of Real Time Data and Visibility in Technology Mirrors GEMBA and KANBAN Philosophies . Using Real Time Data and Warehouse Technology Creates Great Companies with Happy Customers.
GET YOUR FREE WHITEPAPER. DOWNLOAD WHITEPAPER. Digitalization Will Continue to Reshape Logistics Digitalization, reports PwC, will become more critical to tracking changes in consumer behaviors, addressing the talent shortage, meeting compliance requirements for data protection, and more.
Using real-time data , freight managers can finally begin to recognize their opportunities for better business relationships. Of course, that depends on securing shipping data insights well in advance of disruptions’ arrival. Download the WhitePaper. Rate data is subject to market conditions.
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download whitepaper. Understanding of Big Data. Big data is an incredibly complex process, but it also plays an important role in supply management. Online courses can help you get additional knowledge.
You stand to lose vital organizational and client data, intellectual property and trade secrets. You stand to lose vital organizational and client data, intellectual property and trade secrets. WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download whitepaper.
Of course, that is all subjective and again dependent on market stability within individual locations in origin/destination pairings. The action: prioritize carriers within the routing guide based on which are preferred for shipments, depending on origin/destination data. Download the WhitePaper. Request a SONAR Demo.
Food shippers must already contend with a variety of elements, including storage temperatures, packaging, freshness and quality, timeliness and, of course, proper transit. GET YOUR FREE WHITEPAPER. DOWNLOAD WHITEPAPER. Big data, AI and machine learning platforms can help automate the process nearly in full.
In essence, that is the heart of Industry 4.0 , a complete synergy between operations, equipment, properties and, of course, the people who spend their time there. GET YOUR FREE WHITEPAPER. DOWNLOAD WHITEPAPER. Lessening downtime will help the systems remain operational and keep the data flowing.
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download WhitePaper. The emergence of cloud-based platforms and Big Data increases forecast accuracy, eliminates unnecessary stock, and achieves truly optimized slotting designs. GET YOUR COPY HERE.
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