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Data has become an integral part of the supply chain network’s daily operations and is inseparable from the modern processes that govern procedures involved in transportation. Accurate processing and predictive planning remain critical for precise market data and shipment lifecycle forecasting. Request a SONAR Demo.
FreightWaves SONAR Supply Chain Intelligence (SCI) platform is designed to evaluate the effectiveness and efficiency of a shipper’s freight spend by: (1) Benchmarking shippers’ current or target rates to the market or industry peer group. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo.
Drayage planning is essential for global retail shipping supply lines and deals primarily with ocean imports. This is also known as first-mile shipping and planning protocol. As explained by Supply Chain Game Changer , “Drayage services are more essential than ever. Download the WhitePaper.
Proactive planning is among the most effective weapons logistics managers have in their arsenal. It is something that needs to be practiced more often when it comes to planning and predicting freight rates. Download the WhitePaper. The idea is that 80% of the work often is completed by 20% of the team.
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. Freight management is the story of supply and demand Freight management is a cycle on a macro-scale. It comes down to a simple story of supply and demand.
Managing the manufacturing supply chain and freight markets of today requires skills, tools, applications and services that have never been utilized in the past. Supply chain constraints are impossible to avoid, but they can be planned for to reduce their impact. It is what sets manufacturing supply chain companies apart.
Some of the most cost-effective software and methods supply chain professionals and the best freight brokers can adopt are supply chain predictive analytics programs. While still relatively new to the supply chain, analytics implementations have skyrocketed in popularity since its birth a little over 10 years ago.
And that helps to create entirely new ways of viewing the supply chain to proactively hedge risk. . The inability of shippers to do this can lead to many problems that can greatly impact the profitability and overall success of the supply chain. Download the WhitePaper.
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. Additionally, shippers can benefit from mobile data usage in building the supply value chain. Lagging data prevents the supply value chain from functioning efficiently.
Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses. Without a clear picture of what money is coming in and going out of the supply chain, common challenges and disruptions can have an even greater impact. Ongoing wasted resources.
According to Supply Chain Brief , “In such an environment, no one can truly predict what is going to happen. Download the WhitePaper. Proactive freight management will future-proof the supply chain When thinking about the shipping in this new year, fleet managers must keep the chain organized and flowing.
That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too. Download the WhitePaper. The whole picture requires close attention when it comes to optimizing shipping routes in the modern supply chain.
Establishing a practical freight routing guide helps outline essential rules of engagement for vendors, clients and supply chain managers. The purpose of these specialized guides is primarily to enable a quick adaptation of a shipment plan agreement between involved parties. Download the WhitePaper.
However, when it comes to rates and calculation and how the load sizes and types affect those fees, shippers must visualize the entire supply chain network. Download the WhitePaper. The supply chain is a complicated and interconnected web of lanes, channels, shipping modes and methods. Request a SONAR Demo.
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. Today, logistics strategies rely on accurate and up-to-date data for everything from capacity planning to invoicing. Download the WhitePaper.
One of the most popular tools that drives the supply chain to new heights is the process of intermodal freight shipping. This is seen exceptionally well when looking at rail capacity and transportation rates for the modern supply chain. Download the WhitePaper. Request a SONAR Demo.
These changing ripples can travel throughout a supply chain network and impact freight brokers , carriers and managers. According to Forbes , “in the Business Continuity Institute’s 2017 report on global supply chain resilience, 69% of respondents said they do not have full visibility of their supply chains.
Unfortunately, the trials of 2020 taught supply chain leaders that planning on the typical expectations will not always work. Download the WhitePaper. and the] flexibility of your current capacity procurement plan to address shifts in demand patterns.” That’s a trick question; they can’t.
Shippers and LSPs armed with the knowledge of these challenges can make plans to better handle them. . In turn, shippers and LSPs can better track products, trucks, drivers and anything else within the supply chain. Download the WhitePaper. Request a SONAR demo by clicking the button below to get started.
Creating quotes the old-fashioned way opens supply chains to several problems that can affect bottom-line profits and customer satisfaction. That can even happen on a good day where things go as planned; on a bad day, it can be devastating. . Supply chains, while redundant, are prone to risks and delays. Request a SONAR Demo.
Supply chain intelligence and actionable insights must apply the most accessible, near real-time data available. Load coverage insights to build collaboration Another opportunity to apply analytic data insights rests with using data to enhance collaboration in the supply chain network. Download the WhitePaper.
ShipChain Releases New Public Demo. Our first public demo video has arrived, and you can watch it out here ! ShipChain Releases New Industry WhitePaper. We’re excited to share that our latest industry whitepaper, “ The Role of Blockchain in Navigating Black Swan Supply Chain Events ,” is live!
This focus makes proper use of global trade data and analytics so vital for continued recovery and growth throughout the supply chain network. Enterprise shippers and logistics managers need to embrace global trade data and analytics to apply this valuable insight throughout the supply chain. Download the WhitePaper.
Freight management analytics reduce confusion over what happened Problems will arise despite the best planning and preparation, but freight management analytics can help reduce their frequency and severity while making the entire process more streamlined. Download the WhitePaper. Request a SONAR Demo.
Data for data’s sake lacks value, especially in the view of the supply chain. As explained by Fierce Healthcare in 2018, “consulting firm Navigant found that hospitals could save up to 18%, or $11 million a year per hospital, by reworking supply chain. Proactive supply chain management is just that – proactive.
But other technology solutions take a wide range of approaches to better connect carriers, shippers, and freight brokers, to make logistics and supply chains run more efficiently, and to drive more profits for users. Download the WhitePaper. Request a SONAR Demo.
And conservation across time, working hours, resources, and energy throughout the supply chain network becomes a reality. Over time, the smallest variations and redundant processes mean higher costs for supply chain planning and execution. Download the WhitePaper. However, it can go much further than many realize.
Managers can calculate freight rate charge estimates to see what needs to be passed on to customers and what needs to be made up for elsewhere in the supply chain. Consider the value of system visibility and resource use made by Supply & Demand Chain Executive, “It’s an intelligence tool. Download the WhitePaper.
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 Matt Leonard of Supply Chain Dive : “Demand for trucking freight is being driven by strong consumer spending and a manufacturing industry that’s seen growth for five straight months. Thus, shippers need a way to tap those plans for meaningful improvements in shipping today. Download the WhitePaper.
Depending on your role within the supply chain, the idea of a routing guide can either appear almost meaningless or omnipotent. At its core, a routing guide provides a clear set of instructions and activities for effective supply chain management and execution. Download the WhitePaper.
The modern supply chain rests on a mountain of shipping data. And where do companies start to leverage top KPIs in supply chain settings and enforce policies, such as the inbound routing guide? Since on-time delivery accounts for both inbound and outbound freight , it has a natural effect on the full supply chain.
This remains key to the overall success of investments within supply chain analysis. Throughout the supply chain, data-driven transportation management’s success is only as good as the data quality and integrity in use. Also, TMS is an accessible module across the ERP (Enterprise Resource Planning) and [Supply Chain Management] suits.”
A logistics routing guide can mean the difference between success and failure of pickup and delivery in a supply chain network. Faulty processes throughout the supply chain. These are just some of the supply chain difficulties that get addressed with logistics routing guides. Download the WhitePaper.
Right now, global demand-supply matching technology imparts a surprising competitive advantage for carriers and transporters. Download the WhitePaper. Agile freight management is another go-to supply chain execution strategy Throughout 2020 the value of adaptability and flexibility within logistics was proven.
Supply and Demand Chain Executive reports, “In this state of flux, some have questioned the future of traditional professions in transportation, such as freight brokers and even truck drivers. Download the WhitePaper. Request your SONAR demo by clicking the button below now! Request a SONAR Demo.
Ensuring rapid delivery time along the full supply chain earns a company the reputation of shipper of choice. Download the WhitePaper. Get started by clicking the button below to request a FreightWaves SONAR demo today. Request a SONAR Demo. Streamline the delivery process.
Load capacity limits play a crucial part in a supply chain network organization, logistics metrics management, and procurement in the shipping industry. Without a reliable platform to work from and with no updated technology to support supply chain operations, procurement in the shipping industry can face many challenges.
According to the Harvard Business Review , “The challenge for companies will be to make their supply chains more resilient without weakening their competitiveness. Download the WhitePaper. The answer lies in considering HOS rules and driver availability when planning every move. Request a SONAR Demo.
More importantly, failure to plan for deviations in the trucking market can have a disastrous impact on both shippers and carriers. Download the WhitePaper. Get started by requesting a FreightWaves SONAR demo or by clicking the button below. Request a SONAR Demo.
Maritime shipping remains one of the integral components of the modern shipping supply chain. Download the WhitePaper. The shipping and transportation supply chain remains deep in the recovery phase following the COVID-19 pandemic. Get started by requesting a FreightWaves SONAR demo via the button below. .
What’s in this Sustainable Supply Chain article : The problem of carbon emissions and waste derived from supply chains. Seven ways Turvo helps build a more sustainable supply chain for third-party logistics providers (3PLs), shippers of raw materials and finished goods, and their end customers.
Supply chains have fractured under the weight of recent maritime import demand, forcing shippers like Peloton (NASDAQ: PTON) to find pricier alternatives in order to not miss their window of opportunity. Download the WhitePaper. Restructuring supply chains will have a lasting effect on logistics networks.
Shippers need to prepare for this uncertainty and plan by using historic, peer and market data from across the network. Download the WhitePaper. With the ever-changing needs and demands of the supply chain, carriers need to maintain clarity. ” This means knowing how a carrier or shipper approaches freight pricing.
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