FreightWaves SONAR

MARCH 10, 2021

In other words, supply chain leaders need to validate and measure the success (read “accuracy”) of data source analytics and how well they stack up to the observed market conditions. Request a SONAR Demo. The post [WHITE PAPER] How to measure freight data analytics value and why backtesting proves it appeared first on SONAR.

White Paper 98

White Paper Data How To Freight 98

FreightWaves SONAR

JANUARY 21, 2021

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. There are numerous data providers in the world, but the question becomes, “what does an organization do with that data?” .

Data 98

Data Sourcing Strategies Tips Optimal Sourcing 98

FreightWaves SONAR

NOVEMBER 16, 2020

“What’s the best way to use data to beat your competition as a freight brokerage business?” That’s regardless of whether it’s an asset-based broker or just someone who works with a company to source capacity. Nevertheless, it all adds up to a greater demand for integrated systems and real-time data. Download the White Paper.

Modeling Software 106

Modeling Software Logistics Network Optimization Software Supply Chain Software Data 106

FreightWaves SONAR

APRIL 13, 2021

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.

Negotiating Skills 97

Negotiating Skills Optimal Sourcing Sourcing Strategies Data 97

FreightWaves SONAR

APRIL 5, 2021

Tracking market trends within truckload rates relies heavily on data and analysis. This kind of real-time data analysis and application is essential for shippers to stay strategic and tactical as they forecast out contract and spot truckload rates. Data-driven insights provide a rubric for guiding RFP processes.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

FreightWaves SONAR

MARCH 16, 2021

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.

Expense Reduction 93

Expense Reduction Price Reduction Data Capacity 93

WorkWave

FEBRUARY 28, 2025

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.

Optimization Software 66

Optimization Software Modeling Software Optimal Sourcing Tools 66

FreightWaves SONAR

JANUARY 25, 2021

It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

FreightWaves SONAR

NOVEMBER 9, 2020

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?

Optimization Software 78

Optimization Software Data Freight Optimal Sourcing 78

The Logistics of Logistics

MARCH 14, 2023

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 SOC Compliance?

Compliance 195

Compliance Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 195

FreightWaves SONAR

JANUARY 29, 2021

Watch the episode below: SONAR tracks daily activities in the domestic and global freight markets, with data generated from thousands of exclusive sources with more than $200 billion of contract freight transactions. SONAR offers historical and current freight rate, demand and capacity index data across all modes.

Video 98

Video Logistics Network Optimization Software Demo Capacity 98

FreightWaves SONAR

JANUARY 11, 2021

And the transportation and shipping industry has a choice to make – to take advantage of trucking data or to ignore it, continuing as before. . Access to data and proper analysis are both essential to maximize profits and reduce costs. Real-time trucking data helps to secure more capacity and better shipping rates.

Data 59

Data Capacity Optimal Sourcing Trucking 59

FreightWaves SONAR

NOVEMBER 19, 2020

Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. And the past data trends are obsolete and rapidly becoming more so. Of course, even those capabilities hinge on AI to digest, interpret and act upon data. .

Supply Chain Software 105

Supply Chain Software Supply Chains Scenario Planning Sourcing Strategies 105

Freightos

NOVEMBER 6, 2024

One of the key themes that emerged was the growing importance of data standards and integrations. But the volume of available digitalized data, and the number of tools, solutions and platforms that supply chain stakeholders are using (juggling?) The rate of tech adoption in logistics continues to grow. are growing too.

Sourcing Strategies 62

Sourcing Strategies Logistics Network Optimization Software Optimization Software Digital 62

FreightWaves SONAR

APRIL 16, 2021

Real-time visibility and data into all things freight shipping is a supply chain gold standard. And nearly one-half of the industry’s freight market participants can see their data in real-time. Unfortunately, that doesn’t always amount to capturing real-time data outside of an individual company’s four walls. Now consider this.

Data 52

Data Supply Chain Planning Software Freight Resource Reduction 52

FreightWaves SONAR

JULY 18, 2024

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. Source: SONAR I selected the 15 lanes with the greatest domestic intermodal density, starting with LA to Chicago.

Tools 52

Tools Data Analysis Sourcing 52

FreightWaves SONAR

MARCH 4, 2021

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. Sourcing capacity and load contracts require the constant attention of management.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

FreightWaves SONAR

JUNE 1, 2021

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.

White Paper 52

White Paper Negotiate Pricing Negotiating Skills Data 52

FreightWaves SONAR

DECEMBER 15, 2020

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.

Scenario Planning 105

Scenario Planning Freight Supply Chain Planning Software Supply Chain Software 105

FreightWaves SONAR

JUNE 3, 2021

SONAR data show that the freight market for inbound Detroit loads is highly volatile based on auto production trends – inbound Detroit loads should be less expensive when OEMs are sourcing a lot of components as assembly volumes ramp up. Source: SONAR). Source: SONAR). Source: SONAR). Source: SONAR).

Negotiating Skills 52

Negotiating Skills Data Freight Inbound 52

FreightWaves SONAR

DECEMBER 29, 2020

Freight management parties need to understand why procurement falters without technology and how technology can boost sourcing across all industries. In fact, with reverse logistics peak season upon the industry, data to understand reverse logistics procurement in the shipping industry is even more valuable. . Request a SONAR Demo.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Software 98

FreightWaves SONAR

MARCH 25, 2021

Routing guides are a universal source of carrier freight tendering and action. However, the routing guides can be much more clearly defined by thinking about how they apply to overall shipper stability and why consideration of market volatility data and analytics are critical to understanding service levels.

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

FreightWaves SONAR

MARCH 24, 2021

Trucking has a decisive advantage on shorter, irregular runs moving in or out of less populated regions, which are also core reasons to view lane-by-lane market data too. . Freight sourced in rural areas where costs are lower will not have the option of moving on the rail. Request a SONAR Demo. Request a SONAR SCI Demo.

Cost Reduction 85

Cost Reduction Inventory Reduction Freight Sourcing Strategies 85

FreightWaves SONAR

NOVEMBER 17, 2020

More freight brokers are turning to technology and transportation data to grow their businesses by understanding the true freight market rate. . It’s not solely about knowing basic rates – it’s about using freight data to make the best decisions for all loads – playing both the buy-side and sell-side aspects of freight brokering.

Data 52

Data Sourcing Strategies Transportation Freight 52

FreightWaves SONAR

SEPTEMBER 1, 2021

Source: FreightWaves SONAR – Inbound Tender Reject Index for Kansas City in 2019) In 2019, record snow and ice affected the Kansas City market, leading to major flooding in March, closing down sections of Interstate 29. The SONAR data platform offers the fastest and deepest set of freight market data on the planet.

Freight 98

Freight Inbound Demo Events 98

FreightWaves SONAR

NOVEMBER 23, 2020

Successful freight brokerages combine networking and business skills to add capacity through carrier sourcing to secure more customers’ loads. Near real-time data. Near-real-time data in day-to-day operations keeps rates and capacity as accurate as possible. Integrated systems make applying data easier and faster than ever.

Resource Reduction 98

Resource Reduction Capacity Security Freight 98

FreightWaves SONAR

APRIL 9, 2021

Checking incoming freight from the source is vital. Considering data in reefer freight enables more proactive RFP processes, including mini-bids. Data is one of the most valuable commodities in the transportation market. Decrease freight spend by getting the right freight data in your hands. Request a SONAR Demo.

Refrigeration 93

Refrigeration Freight Optimal Sourcing Negotiating Skills 93

FreightWaves SONAR

DECEMBER 18, 2020

In a sense, it’s the application of data signals to create a list of preferred shippers. With the strong application of data, shippers can finally squeeze out additional efficiencies and make meaningful improvements to attain a designation of shipper of choice. And that means your company needs access to all the freight data available.

Sourcing Strategies 98

Sourcing Strategies Inventory Reduction Cost Reduction Optimal Sourcing 98

FreightWaves SONAR

DECEMBER 1, 2020

The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freight data remain disparate and lack value. Knowing the lead time helps warehouse managers understand when to restock inventory, allocate drivers, source more capacity, and take other necessary steps. Request a SONAR Demo.

Purchasing Skills 100

Purchasing Skills Freight Procurement Analytics Optimal Sourcing 100

FreightWaves SONAR

APRIL 23, 2021

Gaining insight into FreightWaves SONAR emissions data presents multiple benefits for businesses. Understanding emissions data allows optimal planning and strategies for shipment execution, which in turn provides solutions to wasted cargo space and provides the most efficient transportation mode for the job.

Waste Reduction 52

Waste Reduction Cost Reduction Negotiating Skills Sourcing Strategies 52

FreightWaves SONAR

SEPTEMBER 16, 2021

Shippers are facing supply chain challenges from all sides – sourcing, manufacturing, global shipping and domestic transportation networks. The SONAR data platform offers the fastest and deepest set of freight market data on the planet. Request a SONAR Demo. Request a SONAR SCI Demo.

Freight 98

Freight Supply Chain Planning Software Outbound Manufacturing Procurement 98

EazyStock

JUNE 23, 2022

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Unstructured data isn’t as accessible to search or export and is often text-heavy.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

Logistics Business Magazine

JUNE 18, 2024

The intuitive augmented reality app provides data visualization and error analysis by merging machine, sensor and diagnostic information with the real environment using technology most people carry in their pocket. SICK UK unveiled its trailblazing SICK Augmented Reality Assistant (SARA) at Smart Factory Expo 2024 in Birmingham.

Analysis 51

Analysis Data Manufacturing Procurement Optimal Sourcing 51

FreightWaves SONAR

DECEMBER 29, 2020

However, the application of such data does not necessarily translate into meaningful improvements within day-to-day operations. Yes, analytics add value, but that value often gets overshadowed by the sheer volume of freight data insights available. And it’s in this space where big data analytics can add the most value.

Data 52

Data Negotiating Skills Transportation Supply Chain Software 52

FreightWaves SONAR

JANUARY 6, 2021

The world of transportation sourcing and management is only getting more complicated. Tracking and managing transportation by understanding freight data, particularly tender rejections and a cohort of core analytics, is the only path forward. The first step in building a successful supply chain is to start with vendor sourcing.

White Paper 59

White Paper Optimal Sourcing Vendor Strategies Sourcing Strategies 59

FreightWaves SONAR

DECEMBER 4, 2020

Within the ever-changing shipping and freight management market, there is an underlying need to know and understand shipping data trends running throughout the industry. Data infrastructure has changed with cloud infrastructure, complex event processing (CEP) and the Internet of Things.

Transportation 80

Transportation Supply Chain Planning Software Supply Chain Software Modeling Software 80

Logistics Business Magazine

DECEMBER 9, 2020

The exhibition virtual marketplace enables visitors to source products online, request specific quotations, meet exhibitors on video calls & chats, networking, downloading documents and more. Watch the demo video here to see how it will work. The first event will be February 22-25th, with a second week in September 2021.

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Demo Logistics Network Optimization Software Video Supply Chain Software 32