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Additional opportunities can be reached through transportation optimization whether using a 3PL or 4PL. It's important to understand how transportation optimization can work well with managed transportation service providers to attain that goal. Defining Transportation Optimization.
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.
We’re sharing seven best practices to improve OTR transportation management, enabling shippers to stay competitive in the face of disruption. Track Carrier Performance Data. Capturing carrier data gives you more visibility into your freight spend and enables you to make data-driven decisions that positively impact your business.
The Center for Global Enterprise releases new research suggesting revenue growth at the hand of improved digital supply chains. The research suggests improved enterprise Digital Supply Chains ( DSC ) can lead to a 20% reduction of procurement costs, a 50% reduction in supply chain costs, and an increase in revenue of 10%.
But transportation optimization , knowing when to tender freight, take advantage of company-owned assets, and outsource are other issues. The world of transportation sourcing and management is only getting more complicated. The first step in building a successful supply chain is to start with vendor sourcing.
The right partner will also work with your team to implement changes based on data-driven recommendations and identify opportunities for continuous improvement. . Focus on Carrier Procurement and Management. Download the WhitePaper: Transportation Optimization: Its Strategic Role in Transportation Management.
This means that the industry continues to move in the direction of improved shipping technology. The abundant datasources can make the process of assessing the market more difficult than necessary. Shippers and carriers should make more definitive decisions in selecting their datasources.
Load capacity limits play a crucial part in a supply chain network organization, logistics metrics management, and procurement in the shipping industry. Freight management parties need to understand why procurement falters without technology and how technology can boost sourcing across all industries.
, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. BONUS : Download the Guide To LTL Freight Mangement WhitePaper.
She has led programs ranging from acquisitions to technology deployment with a strong focus on lean manufacturing and data management. Companies will need to implement solutions that give this data in real-time or in the shortest time possible. Data Transparency – The Foundation of Modern Business. About CarrierDirect.
This is particularly true for truckload shipping procurement. 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. Read on to see how these innovations can help with truckload shipping procurement.
As a shipper, it can be hard to procure full truckloads, and small and mid-sized shippers suffer from an exacerbated version of this problem. Shippers face tightening capacity, higher rates, and demanding consumers, and procuring a full truckload may be the last thing on their minds. Download Whitepaper.
And it’s important to understand how improvements in drayage planning , considering TEU activity as shown in the Top Imports by Consignee app within the Ocean Shipments Report in FreightWaves SONAR, amount to proactive supply chain management. Download the WhitePaper.
Download the WhitePaper: Over the Road Freight Management Trends. A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. As the industry evolves and innovations improve, OTR freight management technologies offer?? transportation management optimization ?to
As the state of the trucking market evolves and innovations improve , OTR freight management technologies and logistics service providers offer transportation management optimization to help businesses avoid significant supply chain disruption. Download the WhitePaper: Over the Road Freight Management Trends.
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). FILL OUT THE FORM BELOW TO ACCESS A COPY OF THE WHITEPAPER. Request a SONAR Demo.
Here’s how you can improve manufacturing floor data collection, long-term. A key component of any manufacturing process is data collection. However, are you starting to outgrow your manufacturing floor data collection system ? At one point, every program used to record data was being used by no fewer than 21 managers!
The needs to improve fleet asset utilization and to maintain better control over trucking costs are absolute. Improving the t ransportation networks and enhancing fleet asset utilization can be challenging. They become essential to improving asset utilization within the shipping supply chain. Download the WhitePaper.
Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Tracking market trends within truckload rates relies heavily on data and analysis. Data-driven insights provide a rubric for guiding 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?” 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 WhitePaper.
Data and freight analytics platforms play a pivotal role in freight forecasting. Obviously, the ability to improve truck and trailer order forecasting offers excellent value for carriers. Data and analytics platforms assemble and organize data for meaningful, actionable use. Download the WhitePaper.
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.
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. That information then leads to improved rates, capacity, and several other benefits. These accurate depictions of the market come from the tracking of data.
Transportation optimization is the new standard for efficiency. According to Greg Siefkin of Material Handling & Logistics , “Forward-thinking supply chain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs. Download the WhitePaper.
The supply chain is evolving, and the standards used for managed logistics transportation services today are more data- and technology-driven than those of the past. Download the WhitePaper: Transportation Optimization: Its Strategic Role in Transportation Management. Learn 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.
Digital freight matching is growing more valuable as a way to source meaningful capacity Companies and freight managers that have embraced digital technology and automation remain more likely to thrive. Download the WhitePaper. And it has opened new channels for capacity procurement. It’s that simple.
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. Download the WhitePaper.
And demands for 2021 already reveal strife in procurement in the shipping industry and visibility through all operations, including carrier troubles. Download the WhitePaper. And learning from that distribution data can teach carriers precisely what to do and what not to do during this crucial delivery time.
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. Download the WhitePaper.
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. Download the WhitePaper.
yellowbox]Check out where the future of online sales for the freight industry is heading with this free whitepaper.[/yellowbox]. According to Ti’s whitepaper on the topic, some goods manufactured in Asia-Pacific could be near-sourced to the US or Europe. See the whitepaper here. yellowbox].
In an more volatile global business environment, supply chain managers simply need to optimize efficiency. But you can’t optimize what you can’t see. Large operations – airports, armies and even mall security – all rely on one control room that aggregates data, converts it into insights and aids decisions.
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download whitepaper. Otherwise known as a distributed ledger, the automatic recording of data into the blockchain allows for cryptocurrencies such as Ethereum or Bitcoin to serve as way more than just a store of value.
Checking incoming freight from the source is vital. Download the WhitePaper. 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. This involves a couple of main things. Request a SONAR Demo.
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.
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.
Freight load balancing means capturing the data needed to make proactive decisions regarding where to send trucks, which moves have the strongest profitability opportunities, and when to reject a tender based on that data. Download the WhitePaper. Tips for applying data to balance freight load pressures on the network.
Moving and storing products requires technology that delivers more than standard visibility to optimize efficiencies for sustainability in areas such as decreasing dead mileage and time spent waiting to unload and load trucks at the dock. Unified data enables analytics to create efficiency and reduce emissions in several ways.
So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. is one of the industry’s most respected logistics sources. If you’re like me, staying up to date on supply chain news is critical. wsjlogistics.
Sourcing & Procurement. Cloud & Big Data. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. WhitePapers. |. Enterprise Asset Management (EAM) focuses on optimizing life cycle of an Asset such as plant equipment, facilities etc. Customer Service.
Here are 10 shipper of choice tips to help enterprises secure capacity and improve relationships with carriers, not to mention transportation brokers. Improving dock efficiency times ensures drivers can get in and out quickly, which reduces delays in order fulfillment and transportation. Download the WhitePaper.
“With mini-bids, carriers have an opportunity to focus more time and resources on specific lanes, improving the balance of their freight networks. So, it’s equally valuable to know the constraints and to apply data to overcome them with mini-bids. Download the WhitePaper.
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