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Some of the most cost-effective software and methods supplychain professionals and the best freight brokers can adopt are supplychain predictive analytics programs. While still relatively new to the supplychain, analytics implementations have skyrocketed in popularity since its birth a little over 10 years ago.
Some of the largest enterprises are still using old and obsolete methods and platforms. Embracing a new and improved interoperability-driven approach that applies advanced logistics technology helps freight management parties realize improved profit margins. Old-school platforms and methods end up being slow, cumbersome and unreliable.
Load capacity limits play a crucial part in a supplychain 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.
And that all begins with deploying advanced freight management analytical resources and tools that actively work to lower all risks, ranging from detention through final mile management. According to Business Wire , “Supplychain analytics holds the key to mitigate a number of businesses complexities. Download the WhitePaper.
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 SupplyChain Game Changer , “Drayage services are more essential than ever. Download the WhitePaper.
What’s in this Sustainable SupplyChain article : The problem of carbon emissions and waste derived from supplychains. The value of using technology to reduce wasted time and miles that contribute to higher carbon emissions. Analytics platforms monitor data generated by day-to-day logistics activities.
A logistics routing guide can mean the difference between success and failure of pickup and delivery in a supplychain network. And technology is making it easier to prevent routing guide volatility and create more routing guide stability while increasing compliance. Faulty processes throughout the supplychain.
And that helps to create entirely new ways of viewing the supplychain 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 supplychain. Lower profits mean less revenue for paychecks, upgrades and technology.
FreightWaves SONAR SupplyChain 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.
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.
Managing the manufacturing supplychain and freight markets of today requires skills, tools, applications and services that have never been utilized in the past. Supplychain constraints are impossible to avoid, but they can be planned for to reduce their impact. Download the WhitePaper.
With the purpose of optimizing supplychain efficiency and asset recovery rates, applying a reverse logistics system has increasingly become a tool that positively impacts profitability as well as assisting an organization in meeting sustainability goals. 6 Benefits of an Effective Reverse Logistics System.
How does your company define success in the supplychain? Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. Shipping status tools to track freight.
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. Download the WhitePaper.
Creating quotes the old-fashioned way opens supplychains 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. . Supplychains, while redundant, are prone to risks and delays.
Establishing a practical freight routing guide helps outline essential rules of engagement for vendors, clients and supplychain 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.
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 supplychain. The best freight calculator system allows for flexibility and can be used to focus on a number of specifics. Download the WhitePaper.
This remains key to the overall success of investments within supplychain analysis. And pre-emptive strategies that help isolate and address real-time problems will inevitably rely on real-time freight data and easy-to-access systems. Things will go wrong. Think about it.
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. Capture market data in near-real-time Real-time data represents a valuable tool for logistics managers when planning and adapting routes for the real world.
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 supplychain. Today, logistics strategies rely on accurate and up-to-date data for everything from capacity planning to invoicing. Download the WhitePaper.
According to the Harvard Business Review , “The challenge for companies will be to make their supplychains more resilient without weakening their competitiveness. Download the WhitePaper. The answer lies in considering HOS rules and driver availability when planning every move.
One of the most popular tools that drives the supplychain 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 supplychain. Download the WhitePaper. Request a SONAR Demo.
A capable system for market volatility insight remains vital. These changing ripples can travel throughout a supplychain network and impact freight brokers , carriers and managers. Download the WhitePaper. Market changes and fluctuation remain constant in logistics, no matter what niche focus is considered.
And while leveraging a freight rate index or ocean import data to lower detention risk , the sheer size of the supplychain 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.
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 supplychain, common challenges and disruptions can have an even greater impact.
Unfortunately, the trials of 2020 taught supplychain leaders that planning on the typical expectations will not always work. While the body in this metaphor gets ill with higher volatility, some systems could remain relatively unaffected. Those systems are like the individual lanes within the transportation industry.
This focus makes proper use of global trade data and analytics so vital for continued recovery and growth throughout the supplychain network. Enterprise shippers and logistics managers need to embrace global trade data and analytics to apply this valuable insight throughout the supplychain. Download the WhitePaper.
According to SupplyChain 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 supplychain When thinking about the shipping in this new year, fleet managers must keep the chain organized and flowing.
ShipChain Releases New Public Demo. Our first public demo video has arrived, and you can watch it out here ! Check out our state-of-the-art Track and Trace Platform in action, with CEO John Monarch leading the way. . ShipChain Releases New Industry WhitePaper. You can opt-in to download the whitepaper here !
Data for data’s sake lacks value, especially in the view of the supplychain. 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 supplychain. Proactive supplychain management is just that – proactive.
However, when it comes to rates and calculation and how the load sizes and types affect those fees, shippers must visualize the entire supplychain network. Download the WhitePaper. The supplychain is a complicated and interconnected web of lanes, channels, shipping modes and methods. Request a SONAR Demo.
Supplychain 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 supplychain network. Download the 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. Thus, shippers need a way to tap those plans for meaningful improvements in shipping today. Download the WhitePaper. Request a SONAR Demo.
Yes, the need for shipping demand analytics is not new and was echoed in 2013 by Industry Week , “Relying on traditional supplychain execution systems is becoming increasingly more difficult, with a mix of global operating systems, pricing pressures and ever-increasing customer expectations. Download the WhitePaper.
This presents a huge challenge for enterprise shippers who have not embraced modern technology and freight tools. Maritime shipping remains one of the integral components of the modern shipping supplychain. Download the WhitePaper. It makes for more work when the network falls behind, to begin with.
This must always remain the focus of the entire supplychain. Even when processed with advanced business intelligence tools, inaccurate data will do more harm than not having access to any data at all. . When managers have inaccurate or outdated data, it is like trying to plan for the weather using a week-old forecast.
Supplychain visibility has become a vital element in today’s ever-changing market. 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. Download the WhitePaper.
Ensuring rapid delivery time along the full supplychain earns a company the reputation of shipper of choice. Download the WhitePaper. Communicating openly and maintaining a level of transparency throughout the chain can help strengthen enterprise shipper loyalty. Request a SONAR Demo.
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.
Data and freight analytics platforms play a pivotal role in freight forecasting. Data and analytics platforms assemble and organize data for meaningful, actionable use. For that reason, it’s essential to know how data and analytics platforms play into this process. Proactive forecasting increases supplychain efficiency.
Enterprise shippers and freight shipping managers have to plan and prepare for many processes and events that have yet to occur. Outlook and predictive planning are a big part of successful supplychain operations. Download the WhitePaper. Faster growth and improved services across the supplychain.
More importantly, failure to plan for deviations in the trucking market can have a disastrous impact on both shippers and carriers. Yes, digital load matching is helping to streamline the decisions, acccording to Deborah Lockridge of TruckingInfo , “There are indeed a fast-growing number of automated load-matching technologies.
With the services of a trusted 3PL and a good transportation management system (TMS), you can glean an abundance of data around activities and practices related to your transportation department. Deconstructing the supplychain to isolate transportation costs is where the opportunity lies. Invest in Technology.
Smart and practical trucking data is critical for the modern supplychain network. Knowing carrier variability and what specific services they provide will improve truckload services and make it easier to utilize assets throughout the supplychain. . Download the WhitePaper.
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