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Big data in the supplychain is nothing new. And as reported by SupplyChain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.”
According to Dan Weinberger of SupplyChain Brain , “In a time of increasingly unpredictable consumer demand, traditional supplychains are struggling to keep up. Organizations that are still employing traditional methods will struggle to streamline end-to-end supplychain processes. Request a SONAR Demo.
The energy crisis in the same region threatens to slow exports, putting pressure on an already crimped global supplychain. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo. Request a SONAR SCI Demo.
A risk to that outlook is that the supplychain-related goods shortages lead to a surge in the giving of gift cards in place of tangible goods. . FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo. Request a SONAR SCI Demo.
Meanwhile, shippers face the challenge of managing their day-to-day transportation networks during a period of unprecedented supplychain disruption. Either one would be a challenge, but performing both at the same time presents additional challenges in a carriers’ market. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER.
Data has become an integral part of the supplychain network’s daily operations and is inseparable from the modern processes that govern procedures involved in transportation. To further drill into those needs, this whitepaper will explore: The ways outdated data may harm supplychain management.
The first step in building a successful supplychain is to start with vendor sourcing. Before vetting potential vendors, evaluate your business’ needs and benchmark your existing sources within your supplychain.” Fill out the Form Below to Access a COPY of the WhitePaper. Request a SONAR Demo.
Coupled with the just-in-time nature of the industry, automotive manufacturers are heavily reliant on an efficient global supplychain. FILL OUT THE FORM BELOW TO ACCESS THE FREE WHITEPAPER. Request a SONAR Demo. Request a SONAR SCI Demo.
We often demo SONAR to customers that want to see every domestic freight dataset we have to offer while showing little interest in our ocean data. Shippers to best manage their supplychains to avoid bottlenecks, manage their carrier networks and hold their carriers accountable for their rates and service levels. .
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.
As the world recovers from the pandemic, now numerous supplychain impacts – including a global semiconductor shortage and inflationary pressure on a number of inputs, including freight costs – are significantly hampering the automotive industry, causing temporary shutdowns at some facilities. Request a SONAR Demo.
Not a lot has changed when it comes to fleet asset utilization within the supplychain. And to help carriers achieve that goal, this whitepaper will explore a few best practices to reduce operating costs, including: The importance of meaningful data capture. Fill out the Form Below to Access a COPY of the WhitePaper.
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.
With FreightWaves SupplyChain Intelligence (SCI) platform, shippers are able to see exactly where they are overpaying and underpaying. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo. Request a SONAR SCI Demo.
The pandemic has sent the retail industry on a K-shaped trajectory — the final straw that has sent many retail chains into bankruptcy while also contributing to a surge in sales for many of the leading chains. That scales nicely when put in the context of multibillion dollar retail chains as we illustrate in this report. .
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. Request a SONAR Demo.
Therefore, in the absence of hedging, CPG companies should utilize as much freight-related data as possible to mitigate freight costs more effectively and improve supplychain efficiency. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo. Request a SONAR SCI Demo.
Why logistics automation alone does little for supplychain advancement Market conditions and demand drive carrier profitability. Download the WhitePaper. Carriers must collect, analyze and proactively apply data, which “is critical,” says SupplyChain Brain. Request a SONAR Demo.
Less headline-grabbing is the blocking and tackling of efficiently managing freight spend in the context of highly global automotive supplychains. Contract freight rate data that is specific to the auto industry can be accessed using SONAR SupplyChain Intelligence (SCI). Request a SONAR Demo.
One year ago, we wrote a whitepaper in which we estimated that the top five paper and packaging companies in the U.S. We estimate that the largest paper company could save ~$23 million in freight spend pretax from a hypothetical reduction in freight spending of 1%. Request a SONAR Demo. Request a SONAR SCI Demo.
Effective supplychain management and logistics RFP processes depend on an accurate measure of the health of the business and the market. As further explained by Grainger , “Big Data gives businesses the ability to monitor products with laser-like focus as they move through their supplychain in real-time.
As explained by SupplyChain Beyond , “The integration of real-time information can enable you to take a magnified look at your business operations and swiftly recognize any possible deficits and issues before they become full-blown problems that can affect your sales and profits.” Download the WhitePaper.
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. Download the WhitePaper.
Establishing a practical freight routing guide helps outline essential rules of engagement for vendors, clients and supplychain managers. Maintaining good compliance to these informational guides is critical to supplychain management and relies heavily on current data and automation. Download the WhitePaper.
Challenges in Managing Service Level Agreements Without Data Within the modern supplychain, SLAs are the contracts that lay out the terms and specifics of a partnership and shipping agreement. Download the WhitePaper. Request a SONAR Demo. Request a SONAR SCI Demo.
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. And depending on the size of your supplychain, filling a single order could result in a compounding series of actions that go back to the supplier itself.
That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supplychain route optimization too. Download the WhitePaper. And it’s important to know a few best practices to achieve that goal.
Big data and predictive freight rates in the digital supplychain are nothing new. Real-time data and predictive freight rates promote end-to-end supplychain benefits. However, objective risk management implies seeing both the threats and opportunities to improve the supplychain. Download the WhitePaper.
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.
It is clear supplychain business intelligence is essential for success with freight load management. Be sure to consider the interdependencies of the global supplychain.” Let’s take a closer look at them and how they maximize supplychain efficiency and profitability. Download the WhitePaper.
Creating quotes the old-fashioned way opens supplychains to several problems that can affect bottom-line profits and customer satisfaction. Supplychains, while redundant, are prone to risks and delays. Download the WhitePaper. Stronger supplychain relations. Request a SONAR Demo.
These changing ripples can travel throughout a supplychain network and impact freight brokers , carriers and managers. According to Forbes , “in the Business Continuity Institute’s 2017 report on global supplychain resilience, 69% of respondents said they do not have full visibility of their supplychains.
According to Business Wire , “Supplychain analytics holds the key to mitigate a number of businesses complexities. It has the potential to enhance the end-to-end performance of the supplychain in terms of financial, operational, as well as managerial aspects.” Download the WhitePaper.
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.
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 SupplyChain Events ,” is live!
And conservation across time, working hours, resources, and energy throughout the supplychain network becomes a reality. Over time, the smallest variations and redundant processes mean higher costs for supplychain planning and execution. Download the WhitePaper.
What’s in this Sustainable SupplyChain article : The problem of carbon emissions and waste derived from supplychains. Seven ways Turvo helps build a more sustainable supplychain for third-party logistics providers (3PLs), shippers of raw materials and finished goods, and their end customers.
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.
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. Data will ensure smooth operations and successful executions at every point along the supplychain. Download the WhitePaper.
Monitoring freight market activity is an integral part of supplychains. However, with the proper supplychain 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.” Download the WhitePaper. Request a SONAR Demo.
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. Consider the value of system visibility and resource use made by Supply & Demand Chain Executive, “It’s an intelligence tool. Download the 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 supplychain management. As explained by SupplyChain Game Changer , “Drayage services are more essential than ever.
Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supplychain more profitable. Where a supplychain is weak, analysis and advisory teams can fill in the gaps – seeing the correlations between data points and real-time load operations and profits highlights potential problem areas.
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