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Gaurav is the Founder and CEO of Velostics , a logisticsSoftware-as-a-Service (SaaS) company specializing in unified scheduling of appointments, dock and yard management and digitizing the gate in/out process for shippers.
Gaurav is the Founder and CEO of Velostics , a logisticsSoftware-as-a-Service (SaaS) company specializing in unified scheduling of appointments, dock and yard management and digitizing the gate in/out process for shippers.
Kevin Coomes and Joe Lynch discuss navigating the freight downturn in the logistics and transportation space. Kevin is the Vice President of Sales at Greenscreens.ai , a technology that provides predictive pricing recommendations for maximum broker margins. logistics market. and Revenova, LLC. About Greenscreens.ai
Sean is VP of Product at Denim , a trusted freight factoring partner on a mission to advance the supply chain by accelerating the movement of money and data. They explore the strategies for scaling these operations, the challenges of managing cash flow and capital, and the transformative impact of technology in the industry.
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. They play a vital role in boosting customer satisfaction and maintaining a competitive edge in the logistics market.
“What’s the best way to use data to beat your competition as a freight brokerage business?” Freight brokers are continually looking for the latest and greatest ways to add value and keep costs under control through new freight brokerage software. Real-time data increases customer service. Download the White Paper.
Youve prioritized TMS capabilities, analyzed vendors, and sat through several system demos. But the heavy lift with integration usually involves the interaction between your companys internal systems and the TMS software. Each BPO can help assemble a complete picture of how the TMS software will support each business unit.
It is a brilliant tool.” The enterprise software company also announced a new analytics solution covering external workforce management. At one of the demo booths, what stood out was the ability of the procurement solution to track savings leakage over the course of a contract. My advice,” he concluded, “is just jump in.
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?
In an era where convenience often dictates consumer choices, delivery services have evolved into a crucial component of business operations. Companies can no longer afford to lag behind in the rapidly changing landscape of logistical solutions, especially with the rise of e-commerce.
For shippers and retailers to understand the true peak season meaning, they will need a firm grasp on the realities of inflation, expectations, and the use of technology to get through it. Worse still, drivers feel the impact as service demand declines in the target markets. The Logistics of Logistics Podcast .
Knowledge Graphs are emerging as an important tool for building advanced AI capabilities. The ability to have a digital platform that supported workers who could help run their plants from remote locations was seen as highly desirable. We needed to model the data in a way that we can do simple searching. Data does not move.
In logistics, many vital processes remain outdated and subject to manual management. Some of the largest enterprises are still using old and obsolete methods and platforms. Embracing this new approach through a unified logisticstechnology stack will help streamline many daily processes and cut back on wasted resources.
If you work in logistics, you’ve likely heard the term TMS before. A TMS is a software program that allows you to manage your entire supply chain, including your internal logistics department, suppliers, warehouses, carriers, vendors, etc. I FEAR OF LOSING MY ROLE IN LOGISTICS MANAGEMENT. This is often a misconception.
Do you dream of breaking up with your current logistics management processes? Managing logistics effectively is crucial for businesses of all sizes. Many growing companies face headaches with logistics management, and for good reason. This makes measuring the success of your logistics difficult! Youre not the only one!
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. The old ways of recording, processing and responding to analytical data need a streamlined approach. New ways must be adopted.
In today’s fast-paced world, efficient delivery scheduling has become a cornerstone of successful logistics. Implementing delivery scheduling software and route optimization tools is vital, allowing businesses to update delivery paths in real-time and manage unforeseen situations effectively. To counter4.
A logistics routing guide can mean the difference between success and failure of pickup and delivery in a supply chain network. The logistics routing guide further includes details about the modes and carriers that prove influential. These are just some of the supply chain difficulties that get addressed with logistics routing guides.
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.”
Load capacity limits play a crucial part in a supply chain network organization, logistics metrics management, and procurement in the shipping industry. According to Logistics Management , “Time is money in transportation…. Procurement in the shipping industry faces several problems without technology.
Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. And a new suite of products, ranging from artificial intelligence through visualization tools to see lane acuity, are changing the game. But how can technology help? the year prior.
One of the most crucial aspects of logistics management is the process of trade agreements and annual negotiations. Reaching mutually beneficial service level agreements (SLA) or trade agreements depends on the access and utilization of current logisticsdata and a decent amount of preparation. Download the White Paper.
Legacy Customer Relationship Management (CRM) software systems, such as Salesforce, were originally developed to help sales teams funnel and track potential customers through long sales pipelines, from generating leads to closing the sale, then supporting and maintaining the customer relationship. What is CRM Software?
In response, the value of a blockchain trucking platform will grow, and according to our CEO John Monarch, “all the jobs a driver does, the business, the maintenance, the taxes, and so on, can be done with the push of a few buttons. Having actionable, irrefutable data has wide implications.” Blockchain automates that process.
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. But what are these tools?
One of the most significant challenges facing logistics managers is route optimization. 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. And it’s important to know a few best practices to achieve that goal.
Maintaining good compliance to these informational guides is critical to supply chain management and relies heavily on current data and automation. Missing data amounts to inevitable routing guide failures Data is king in today’s ever-changing market, and it is only becoming more vital for supply chain operations and management.
Optimizing your logistics can make all the difference in your business’s bottom line. However, to fully understand your logistics processes you need to look at your logistics analytics. To start, you’ll need access to the right technology. Find out these priceless tips on improving your logistics processes.
More Resources Home October 22, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Freightos Air index data shows Middle East – N.
The technology boom of the past decade accelerated to a whole new level when businesses were suddenly sent home. As 2022 reveals a professional world that is more aware of the benefits of remote access to work, more supply chain professionals are choosing to invest in cloud-based technology and automation.
The lack of real-time location and condition data in visibility solutions slows down response times and puts stakeholders in a reactive rather than proactive mindset. Having to send emails, make phone calls, and interpret legacy data associated with past shipments compounds the level of complexity. Schedule a demo today.
As explained by Supply & Demand Chain Executive , “Digitization, software and giving shippers and carriers efficient tech tools are critical, as technology continues to modernize this industry. COVID-19 has also accelerated technological adoption by an order of magnitude. The challenge with lagging data in logistics.
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.
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. This remains particularly true for shippers and logistics managers. Embracing modern logistics automation processes can speed up this predictive process.
Take a moment to think about the biggest advancements in logistics. Through data-driven transportation management , carriers can finally become more strategic and tactical, thriving through good and bad times. Achieving that goal hangs on a carrier’s ability to capture meaningful data. Consider the following example.
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.
(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”
And that’s why it’s important for carriers to apply data and enable predictive freight rating through these five requirements. Recognize that not all loads are as lucrative as meets the eye, letting data do the talking Benchmarking may be the first step, but the next focuses on identifying the less-lucrative loads.
Global trade data and shipping demand management are not just things that high-tech companies and international investors need to worry about. It has been and remains a key part of the transportation and logistics puzzle for enterprise shippers today. Streamline data collection and analysis. Download the White Paper.
Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. And it’s essential to know a few things about enterprise shippers’ top logistics tactics.
It implements service-level agreements (SLAs) with franchisee needs in mind. It provides shippers access to a large network of last-mile providers (FRONTDoor Partners) as well as developing technology like route optimization and planning tools, and other tech commonly requested by its FDPs. A complex math problem.
One of the key themes that emerged was the growing importance of data standards and integrations. The rate of tech adoption in logistics continues to grow. But the volume of available digitalized data, and the number of tools, solutions and platforms that supply chain stakeholders are using (juggling?)
Some of the most cost-effective software and methods supply chain professionals and the best freight brokers can adopt are supply chain predictive analytics programs. Companies become apprehensive when it comes to newer technology and stepping into new software. Leverage IoT-enabled sensors to collect more data.
Retail businesses in Southeast Asia are increasingly seeking specialized retail logisticssoftware to streamline their operations and keep up with growing market demands. Let’s explore the top four retail logisticssoftware companies in Indonesia that are leading the way in providing these innovative solutions.
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