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The competitive market demands that companies constantly push for utilization of innovative technology. Those who find themselves unable to keep up with modern trends often fall by the wayside, making the use of these innovative technologies even more crucial. The use of analytics to proactively handle route optimization.
Optimizing truckload freight spend is essential in today’s freight market. As the world of transportation continues to evolve, shippers and logistics service providers (LSPs) are effectively utilizing certain methods along with modern data platforms to meet the demands of today’s supply chains. Download the WhitePaper.
One of the most significant challenges facing logistics managers is route optimization. With so many shipping modes and options to choose from and a wealth of innovative technology to take advantage of, it can quickly become overwhelming and confusing. Download the WhitePaper.
Carriers must have state-of-the-art tools and technology to track and manage unusual and inconsistent activity in near-real-time. But what are these tools? However, with the proper supply chain analytic systems in place, you’ll be able to use this data to create value that sets your company on the path of continued success.”
A more automated and technology-backed approach can make all the difference. According to TruckingInfo.com , “Some envision technology in the freight market doing what Uber and Lyft have done in the ride-sharing market or Airbnb in the vacation market. Download the WhitePaper.
While conventional logistics optimizes the flow of goods from producer to consumer, reverse logistics manages the processes for inverting that flow to deal with returned parts, materials and products from the consumer back to the producer. BONUS: Download the Ultimate Guide to Transportation Reverse Logistics WhitePaper.
It’s because enterprise shippers are turning to new intelligence tools, such as SONAR SCI , to conduct a freight spend analysis to maximize contract freight use and allocation. 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.
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. Right now, global demand-supply matching technology imparts a surprising competitive advantage for carriers and transporters.
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.”
The value of using technology to reduce wasted time and miles that contribute to higher carbon emissions. 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.
Download the WhitePaper. And part of the ability to offer those rates goes back to seeing what’s happening within the market to ensure only the most lucrative and profitable loads are accepted, enabling route optimization as well. Request a SONAR Demo. This will help build and solidify the relationship over time.”
The best freight calculator system allows for flexibility and can be used to focus on a number of specifics. For instance, consider these top uses of data and calculators within existing systems: Trucking metrics can benefit from clear data highlighting key areas of profit and loss within the fleet. Download the WhitePaper.
Download the WhitePaper. Track carrier performance with the right KPIs Tracking carrier performance with key performance indicators (KPIs) makes for another critical tool for improving freight management. This makes for an excellent freight management tool and can make an impactful difference in a shipper’s efficiency.
The different benchmarks for trucking fleets help ensure that the company operates at an optimal level at all times. And in turn, this makes benchmarking an excellent tool for combating issues that come from truck driver shortages. Download the WhitePaper. Greater financial insight is an invaluable tool.
And by knowing a few things about the risk of lacking data within RFP bidding strategies , it’s much easier to justify investment in a freight data system. Now, the management of this risk provides ample opportunities to improve with tools that evaluate the market and compare it (in a detailed format) with the industry.
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.
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. As a result, more and more drivers will leave. .
As such, it may be necessary to conduct additional training for new freight brokerage software or other resources. Download the WhitePaper. Ongoing efforts to utilize transportation optimization and reduce environmental impact. Business intelligence platforms and freight data provide insight into market conditions.
Parcel Shipping Resources The Ultimate Guide to 2019 Parcel Shipping Trends Download WhitePaper Shipment Optimization: The Challenges, Benefits, and Technology Solutions Listen to Podcast Parcel Management Compare pricing for all parcel shipping options including UPS, FedEx, USPS and more. Get Demo of our TMS.read More.
Some ways to improve utilization of freight tech stack platforms to improve efficiency in carrier operations throughout their network include: Focus on improving performance through optimization throughout the network. Ensure platform mechanics get updated and can support future growth. Download the WhitePaper.
MHS, a single-source provider of material handling automation and software solutions, announces a new multi-part online experience scheduled to run October through November. Following each event, attendees receive exclusive access to supplementary resources like whitepapers, case studies and infographics to continue their experience.
Depending on auditing systems and standards across individual companies, as well as the variety and complexity of individual companies, the data rapidly grows outdated. Download the WhitePaper. Realize more effective transportation management and forecasting with the right analytics platform. Request a SONAR Demo.
Download the WhitePaper. And this year, proactive freight management that combines people and technology will be critical to future-proofing the industry and avoiding carrier losses. Carriers must use shipping trends , current freight analytics data , and local insights to optimize transportation networks.
And a new suite of products, ranging from artificial intelligence through visualization tools to see lane acuity, are changing the game. Common issues reefer logistics and shipping managers have to overcome While change is always hard, it is necessary within the supply chain system. But how can technology help?
Smart data, automated processes, inter-connected shipping networks, and new technological advances help to promote a better understanding of the flow of goods and when it’s time to reorder stock or perhaps roll cargo plans. Download the WhitePaper. Request a SONAR Demo.
Blockchain and The Digital Supply Chain Resources to Download Learn more about ShipChain Request a Demo of ShipChain’s Platform Why Blockchain will Create Extreme Supply Chain Management Optimization Download WhitePaper Looking for a TMS for your OTR.read More.
Mobile devices have proven optimal for implementing innovative strategies, connecting freight loads with other equipment and assets , and more. But even more importantly, this freight data enables shippers to optimize their company’s operations in various ways by avoiding overspend and more. Download the WhitePaper.
and Asia and Europe and Asia, and carriers have had to plan for, allocate and optimize their networks to support the growth of global shipping along these trade lanes.” Download the WhitePaper. And it begins with capturing data within an industry-leading freight forecasting platform like FreightWaves SONAR.
Data and freight analytics platforms play a pivotal role in freight forecasting. Data and analytics platforms assemble and organize data for meaningful, actionable use. Forecasting optimization offers several benefits, including increased profitability. Download the WhitePaper.
The next step of a freight spend analysis is using technology, such as API, EDI, or other webhooks to collect transportation data , coming from electronic tenders, TMS systems, ELDs, telematics, fuel purchasing systems, truckload carrier accounting systems, customs, bill of lading data, and many others.
We recently partnered with Keep Truckin, released a new whitepaper, launched the Delivery Experience Manager for Final Mile logistics, won the Blockchain Innovation Award at #DataccioConnect Singapore, queued up our next industry webinar, joined the United Nations Center for Trade Facilitation and Electronic Business (UN/CEFACT), and a lot more.
Yes, the need for shipping demand analytics is not new and was echoed in 2013 by Industry Week , “Relying on traditional supply chain execution systems is becoming increasingly more difficult, with a mix of global operating systems, pricing pressures and ever-increasing customer expectations. Download the WhitePaper.
According to Supply Chain 24/7 , “ truckload service optimizes trailer space and moves freight [without extra stops that will] eliminate wasted trips, reducing greenhouse gas emissions by up to 40%.” Download the WhitePaper. That’s why more companies need a platform like SONAR to help navigate the freight market.
All organizations are looking for ways to optimize their supply chains, and according to Inbound Logistics , energy management is the next step in supply chain optimization. Download the WhitePaper. Gain increased insight into intermodal activity by investing in near-real-time, data-driven freight forecasting platform.
Aside from the implementation of automated technology and digital tools, one of the most significant shifts in the shipping and transportation industry focuses on reduced emissions. It seems like buzzwords like “going green, optimization and sustainability” keep getting thrown around. Download the WhitePaper.
With more agility and transparency, based on accurate data-driven choices, implementing essential visibility tools empowers shippers with practical foresight into predicting rate changes in real-time. Although these methods are foundational, they don’t provide the agility of real-time updates that supply chain visibility tools can accomplish.
Download the WhitePaper. That contributes to proactive transportation optimization. Enterprises need to track all invoices’ accuracy and validity with advanced freight tech , such as auditing software. Request a SONAR demo by clicking the button below now. Request a SONAR Demo. Carrier compliance.
What’s in the article: How shippers are using technology. Shippers Are Leveraging Technology. Shippers continue to use technology to navigate the complexities of today’s overburdened global supply chain. Leveraging a transportation management system (TMS) enables shippers to manage their shipping and other related tasks.
HOW MUCH DO PAPER AND PACKAGING COMPANIES SPEND ON TRANSPORTATION? Download the WhitePaper FREIGHT DATA KEEPS EVERYONE INFORMED Miscommunication was a major issue during the first months of the COVID-19 pandemic. As companies tried to keep responses to COVID-19 under wraps, problems quickly spiraled out of control.
However, the root-based code’s differences within individual systems will affect trucking data ’s applicability and usefulness. After all, data pulled from one system may look radically different from logistics data pulled from another. Download the WhitePaper. At the same time, data is not created equally.
Additional critical factors for these businesses included: Allows for productivity and efficiency gains through automation, integration, and system usability. DOWNLOAD THE WHITEPAPER. See how your business can leverage technology to optimize your logistics. Book a Demo. Visibility of freight.
The most frequently cited technologies include transportation management scheduling (72%), transportation management planning (69%), transportation sourcing (51%), warehousing (51%), network modeling and optimization (45%), and the use of web portals for booking, order tracking, inventory management and billing (40%).”
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