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The need to improve fleet asset utilization and to maintain better control over trucking costs is absolute. And to help carriers achieve that goal, this whitepaper will explore a few best practices to reduce operating costs, including: The importance of meaningful data capture. Using data to streamline RFP processes.
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.
“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 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 And across the market, submitted data becomes rapidly outdated. And in some industries, outdated data can have disastrous consequences.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.
Viewing where overpaying/underpaying risks are within their network allows for more targeted approaches during the RFP process and will likely lead to holding the line on budgets more effectively than using just historical data in the ever-evolving transportation environment. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER.
The needs to improve fleet asset utilization and to maintain better control over trucking costs are absolute. Establishing and maintaining such connections allow applications to exchange information more effectively. And of course, it hinges on the ability to understand and maintain consistency in your metrics. .
Global trade data and shipping demand management are not just things that high-tech companies and international investors need to worry about. This focus makes proper use of global trade data and analytics so vital for continued recovery and growth throughout the supply chain network. Download the WhitePaper.
MarineTraffic maintain an incredible live map of all ships in the ocean, with the ability to narrow it down to cargo ships alone. By pairing up historical data with maps, an assistant history professor came up with some stunning maps that show the different in global shipping lanes since the 19th century. Download the whitepaper!
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.
Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes. Data access to see savings compared to truckload and other shipping methods. Data accuracy can and does impact freight transportation in a significant way.
Mobile data can play a pivotal role in building the supply value chain. Mobile devices have functions that provide valuable data for the supply value chain. But even more importantly, this freight data enables shippers to optimize their company’s operations in various ways by avoiding overspend and more.
When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Without hard data, you can’t take action. When enterprises try to act in the absence of data, they are usually guessing and won’t get the results they need.
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.”
Successful supply chain management depends on the ability to collect data and apply it accordingly. As explained by Grainger , “In today’s global economy, technology trends like the Internet of Things (IoT) and Big Data have become an indispensable part of everyday business. Download the WhitePaper.
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. Download the WhitePaper. The data is present.
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. . Download the WhitePaper.
Feel like you keep on reading headlines about “ the Uber-ificiation of 3D printed big-data drones “? Ubiquitous data collection, as goods, supply chain assets and warehouses communicate with each all spell out huge data insights. Supply chains will need to adapt, incorporating faster, agile methods to transfer data.
Part of the value of transportation as a service is that the 3PL takes on the responsibility of maintaining the software and executing all shipments. ? . Download the WhitePaper: Transportation Optimization: Its Strategic Role in Transportation Management. Technology requires updating and continuous preventative maintenance.
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. Download the WhitePaper.
Download the WhitePaper. Maintain open lines of communication. Communicating openly and maintaining a level of transparency throughout the chain can help strengthen enterprise shipper loyalty. Respond to issues, deviations and problems with data. Be flexible by offering a variety of contracts.
Being able to secure loads and maintain long-term shipping contracts is essential to keeping trucks full and keeping the fleet on the road. The problem looms large for shippers and managers across the supply chain network, but the answer is out there – better utilization of smart data and automated processes. Download the WhitePaper.
This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Disjointed systems and data silos, creating delays in processing and deficiencies in visibility. Get Your Free WhitePaper Today. Download Here. Order picking accuracy.
Instead of wasting resources to guess at which lanes and shippers meet minimum load requirements, capturing real-time freight data helps carriers identify their top performers, review eligibility for shipper-of-choice status and ensure everything runs more smoothly. Download the WhitePaper.
The extra demand amounts to a greater need of balance between the two, resulting in spillover in the LTL market as shippers try to keep rates in check and carriers try to maintain high-profitability in moves.? . Download the WhitePaper: Over the Road Freight Management Trends. Enabling Data-Driven Decision-Making. ?Access
To start, it’s evident that the use of a refrigerated freight truck is required when transporting perishables or goods that need to maintain a specific temperature. As refrigerated freight trucks are only designed to maintain and not change shipments’ temperature, when loads are left on the dock too long, they can become warm.
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 WhitePaper.
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.
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.
Comarch, an IT service provider, has released a whitepaper on its asset tracking solutions : Maintaining a huge industrial facility requires both detailed data of assets and continuous monitoring. Gathering and processing vast amounts of data is challenging for warehouse managers. comarchtech.
Maintaining scalability and efficiency in an omnichannel-driven world is difficult at best. Migrating data to new systems without researching prospective systems or taking care in planning could result in catastrophic loss and damage to a company’s database. Download whitepaper.
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.
A confident, data-driven trucking RFP undertaking can make a big difference in freight spend. Shipping managers who have maintained strong relationships with carriers during these trying times will be in a better position to recover and optimize freight assets. Download the WhitePaper. Or simply click the button below.
Download the WhitePaper. Maximizing LTL shipping rates and maintaining a competitive advantage depends on staying on top of trends and market demand. Capture pricing data for LTL freight. How to track trends developing in long-term pricing agreements. Analyze LTL pricing rates against contract rates. .
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.
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download WhitePaper. Maintain the “right” amount of inventory. Connect with consumers beyond the initial purchase, such as leveraging data in media. GET YOUR COPY HERE. Create a hassle-free returns policy.
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.
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.
The implications of a technology capable of self-maintaining security, maximizing data reporting and accuracy, streamlined payment processing and shipment scheduling, immediate access to real-time data, and end-to-end transparency evoke mirages from the past, asserts Talking Logistics With Adrian Gonzalez. DOWNLOAD WHITEPAPER.
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.
Download the WhitePaper. There is another advantage to using SONAR data during onboarding processes. SONAR data allows users to measure the performance of their existing contracts and client interactions. SONAR data allows users to measure the performance of their existing contracts and client interactions.
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. The blend of spot and contract rates can help shippers maintain cost control, but it also can help carriers maximize profitability per load.
It always goes back to using data as a best practice for all aspects of freight management. Download the WhitePaper. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation.
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. Download the WhitePaper. Shippers may renegotiate with carriers through mini-bids.
Maintaining an efficient and productive supply chain is the backbone of any successful business, and ensuring that your supply chain is well-managed and cost-effective is of vital importance. For example, do you have: Full data visibility across your business? Download WhitePaper. Teams that can communicate easily?
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