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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. While leading Product at Denim, he has pioneered new capabilities for the factoring space including risk automation and pricing.
Additionally, he collaborated with AnSen Beyond Investments on various logistics projects involving commodities and agricultural products, demonstrating his proficiency in navigating international markets. Through the utilization of advanced machine learning techniques and big data, Greenscreens.ai and Revenova, LLC. Greenscreens.ai
Further, multiple plants may be capable of making the same product, and figuring out which plant should produce the product based on the current supply and demand situation is not straightforward. The risks associated with chemical manufacturing include the storage and transportation of raw materials, finished products, and waste.
5000 developers are working on product enhancements and extensions to the SAP spend management suite. With that level of investment, one would expect an aggressive product buildout. At SAP Spend Connect Live, held October 14-16 in Las Vegas, SAP did make several significant product announcements.
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. More collaboration will always generate additional productivity.
“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.
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.
H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. Global retailers use data to understand lead time Successful supply chain operation at any stage hangs on the ability to stay on top of shipping and transport logistics. Request a SONAR Demo.
(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.”
In this way, the conformity of the product, assembly, type and quality can be checked by accurate comparison with good samples. The whole learning process is quick and can be handled by a normal operator, which is a good feature when production changes. If an incorrect sample is detected, the operator is informed immediately.
Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Where a supply chain is weak, analysis and advisory teams can fill in the gaps – seeing the correlations between data points and real-time load operations and profits highlights potential problem areas.
Stronger performance will always revolve around being productive and profitable. 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. Download the White Paper.
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. last year and $2.19 the year prior. last year and $2.19
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.
Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. These accurate depictions of the market come from the tracking of data. Businesses that have better access to more data have distinct advantages.
By leveraging the right CRM software solution, you can transform your operations to scale your business efficiently and productively. Operational Efficiency: Work Smarter, Not Harder Efficiency gains translate directly to increased productivity and profitability. So what should you look for when choosing a CRM?
During the event, Rishi Mehra, director of operations and strategy, and Kelly Williams, product manager, had just seven minutes to present a Rapid-Fire Demo of Engage Lane: an agile transportation procurement platform that streamlines the relationship between carriers and shippers and helps them uncover better ways to move freight.
WorkWave’s virtual booth will offer three types of experiences for its visitors: live sessions including demos, pre-recorded sessions to view on-demand, and one-on-one appointments with its Genius Booth staff and executive leadership team. Attendees will also find information on WorkWave’s: . Media Contact: Brittany Boyle.
The sum of that freight tech volume is somewhat ironic – data overload and an inability to manage due to the inefficient use of several systems. Freight tech APIs collect data in near real-time. Connected systems can collect data in near real-time, limited only by the speed of an internet connection. Why is that advantageous?
Supply chain is essentially the entire behind-the-scenes network that links a product from its point of origination to its final destination. Supply chains are often very complex as they encompass all vendors, warehouses, retailers, and so on that bring a product to life and then to a customer.
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. . Shippers may not track this data independently.
Many of the retailers surveyed by Supermarket News say they plan to “focus on grab-and-go, ready-to-heat/eat and other convenient packaged fresh meal options; new products; and new flavors and ingredients in prepared foods.”. Download our ebook now to learn more, then schedule a demo with us.
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.
Youve prioritized TMS capabilities, analyzed vendors, and sat through several system demos. Warehouse Those in the warehouse can communicate any specifics about shipping the product. All this will help guide the data requirements that support an AP integration of the TMS software. On the surface it sounds easy.
(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.”
In industries that rely on just-in-time delivery, such as pharmaceutical and medical device production, this can be especially severe as delays can lead to service disruptions and limit the care available for end-users. The General Data Protection Regulation (GDPR) is a strong example, issuing regulations on data privacy for those in the EU.
In most industries, supply chain logistics account for 5% to 50% of a product’s total cost.” Measuring performance with transportation KPIs and freight data is getting easier. For many companies, this means there must be open and transparent communication lines with both sales and production management teams. Think about this.
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.
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.
Empty miles mean that a freight spends time on the road while not transporting any product. Companies that can accurately predict market volatility trends, using indices with reefer data analytics , can ensure that they remain prepared in the event of replenishment issues. Request a SONAR Demo. Request a SONAR SCI Demo.
Without adequate data and information on the freight market, shippers can find themselves in the same disadvantageous position as Mr. David. Getting back to Mr. David, even if he was, in fact, quoted the going market price, the uninformed customer would not know if the product he was receiving was of adequate quality.
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 supply chain. 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.
According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.
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. The idea is to minimize safety risks, damage to the product and ensure its timely delivery to the proper destination. Request a SONAR Demo.
Full truckload (TL) and less-than-truckload (LTL) are popular methods that shippers use to move goods and products from one point to another. Increase data-driven decision-making with freight forecasting. Automation and smart data make it all possible. . Request a SONAR Demo. Request a SONAR SCI Demo.
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.
As an asset-based broker, Zaro Transportation is using SONAR to create more accurate rating processes and higher productivity gains. Watch the episode below: Zaro Transportation offers better service and data-driven rates due to SONAR. Request a SONAR Demo.
Track the data to know when intermodal might be more cost-effective than rail Tracking real-time data proves beneficial to all levels of the transportation industry. The data reveals the most cost-effective ways to transport goods, thus reducing the supply chain industry’s carbon footprint. Request a SONAR Demo.
And while leveraging a freight rate index or ocean import data to lower detention risk , the sheer size of the supply chain makes management difficult at best. According to a recent Journal of Big Data article , “In typical [supply chain management] problems, it is assumed that capacity, demand, and cost are known parameters.
More Resources Home June 11, 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. Europe weekly prices fell 12% to $3.40/kg.
The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freight data remain disparate and lack value. It provides immense insight into the overall productivity of the operation. An advanced, data-driven, and near-real-time analytics engine like FreightWaves SONAR makes that possible.
Knowing where all the products come from and have been shipped to is necessary for a reputable business. More carriers can see the shipping trends of various products every year, but acting on the hot-button demands remains troublesome. Request a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo.
This comprehensive coverage contributes to higher crop yields and improved production quality. By optimizing pesticide use and pest management, drones not only boost agricultural productivity but also align with sustainable agricultural goals. This approach helps sustain biodiversity and supports long-term agricultural productivity.
Excel analysis of the new SONAR tool shows how truckload competes with rail intermodal by lane Prior to last month, SONAR data was available in two ways: by using the browser-based visualization tool or via an API connection. That data point and the muted intermodal spot rate of $1.17/mile, mile, which also includes fuel.
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