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Why near-real-time electronic freight tender trucking data is more reliable than waiting on submitted data

FreightWaves SONAR

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 And across the market, submitted data becomes rapidly outdated. And in some industries, outdated data can have disastrous consequences.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.

Data 98
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4 Top Strategies to Enable Efficient Shelf Replenishment

Locus

In today’s fast-paced retail world, efficient shelf replenishment is crucial. We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Let’s dive into these four pathways for efficient shelf replenishment and retail success.

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Data-Driven Transportation Management and Its Role in Driving Stronger Tech Stack ROI

FreightWaves SONAR

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.

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How to Use Data to Improve On-Time Shipping Performance

FreightWaves SONAR

Therefore, enterprises need to know how to apply transportation data to increase on-time shipping performance. . Aggregate data from beyond the four walls of your business. Yet all benchmarking begins with access to the right supply chain data. Extend replenishment lead-time. The data is present.

Data 82
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[WHITE PAPER] SONAR highlight reel: Shippers have already experienced the worst

FreightWaves SONAR

This “SONAR highlight reel,” which we plan to publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. The end of the second quarter is typically a strong period for truckload freight and this year is no exception. Request a SONAR Demo. Request a SONAR SCI Demo.

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Enterprise Freight Management: 7 Last-Minute Thoughts to Boost Efficiency

FreightWaves SONAR

Recognize market volatility trends and their impact on replenishment lead time Another beneficial action to boost efficiency with freight management comes from the recognition of market volatility trends. Market volatility can significantly impact replenishment lead time for restocking warehouses and distribution centers.

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Prescriptive Analytics: What’s Freight Management’s Next Best Action?

FreightWaves SONAR

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.