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In other words, supply chain leaders need to validate and measure the success (read “accuracy”) of datasource analytics and how well they stack up to the observed market conditions. Fill out the Form Below to Access a COPY of the WhitePaper. The impeccable value of accuracy in all predictive analytics insights.
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. Because datasources matter to assess accurately and objectively the over the road trucking market. .
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.
Most freight brokers have to source their own freight broker leads. Here are six tips for sourcing freight broker leads that will minimize the time and resources required to source and research shipper leads. . 6 Tips to source freight broker leads. #1: Download the WhitePaper. #4: 3: Conference agendas.
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.
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.
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. Download the WhitePaper.
Werma has published a free whitepaper, available for free download, to help understand how important the choice of the right signal is for the safety of everyone in industrial environments. Today, state-of-the-art LED technology serves as a light source for a variety of signalling applications.
View the Full WhitePaper. The data is derived from sourcing spot rates from more than a dozen 3PLs and freight brokerages. The data is derived from sourcing spot rates from more than a dozen 3PLs and freight brokerages. So, brokers can decide where they want to position their bids within a range of options.
“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.
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?” .
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.
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.
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.
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.
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.
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!
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].
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. Download the WhitePaper: Over the Road Freight Management Trends. Enable Ongoing Route Optimization. Learn More.
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.
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.
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.
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. Download the WhitePaper. That’s why it’s critical to have access to real-time data capabilities in freight management.
Download the WhitePaper: Over the Road Freight Management Trends. Enabling Data-Driven Decision-Making. ?Access Access to real-time data and the ability to perform real-time analysis ?enables enables businesses to make data-driven decisions to drive efficiency into the supply?chain.?Descriptive Learn More.
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.
There’s an art to integrating computerized data collection systems on the manufacturing floor. Here are 5 questions often overlooked when integrating computerized data collection systems, ignore them at your peril. 5 questions to ask when integrating computerized data collection systems. What data needs collecting?
The free whitepaper, Ocean shippers trapped in house of pain , highlights data impacting the maritime market, from the FreightWaves’ SONAR platform, as well as information from many other sources. All data regarding ocean congestion and service issues underscores that these problems will not be alleviated any time soon.
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. . Download the WhitePaper.
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.
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.
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. Download the WhitePaper. Market intelligence tools.
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. It’s that simple.
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.
Supply chain management is a field where Big Data and analytics have obvious applications. Until recently, however, businesses have been less quick to implement big data analytics in supply chain management than in other areas of operation such as marketing or manufacturing.
The Solution: Systems Enabling An Omnichannel Retail Strategy Are Easier to Implement Than Ever The solution, for retailers struggling with omnichannel development and deployment, lies in advanced systems that utilize an open-source architecture. WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018.
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 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. Download the WhitePaper. That is simply unacceptable.
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.
Download the WhitePaper. How can an organization sum up contractual differences within a single source without considering individual nuances and unique trucking trends of each shipping lanes? Gain awareness into shipping lane volatility with both paid and tendered freight data Shipping lane acuity or volatility is nothing new.
Data and freight analytics platforms play a pivotal role in freight forecasting. Data and analytics platforms assemble and organize data for meaningful, actionable use. When the data is collected and made more available and accessible, carriers and logistics service providers (LSPs) can improve trucking operation decisions.
Shorter product lifecycles, fluid sourcing (a’la Aliababa ) and more transparency means agile supply chains that change often. Download the whitepaper! Check out our data on how shippers and forwarders are moving towards online freight sales in our free whitepaper about What Shippers Want!
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. Sourcing Innovation. Check out his whitepapers and the Somali pirate song.
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. . Download the WhitePaper. Freight sourced in rural areas where costs are lower will not have the option of moving on the rail.
Download the WhitePaper. As if geopolitical forces were not enough reason for companies to look for other sourcing locations outside China, the capacity crunch is adding to that incentive. And it all begins with getting the right datasources and insights at your fingertips to navigate the freight market.
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