This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. He is responsible for driving strategy, customer engagement, and industry analysis. He was named a Pro to Know in 2021 by Supply and Demand Chain Executive.
As customers increasingly demand rapid and reliable delivery, optimizing this final leg of transportation becomes essential for businesses aiming to enhance customer satisfaction and operational efficiency. Key Benefits of Last-Mile Delivery Optimization: Reduction in operational costs and fuel consumption.
Currently Vice President of Information Security at DAT Freight & Analytics, she leads the vision, strategy, and execution of advanced security protections. Data-Driven Insights: DAT offers advanced analytics, providing shippers with actionable insights to optimize transportation decisions and mitigate risks.
Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcingstrategy. What Is Agile Procurement?
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
Procuring freight can be cumbersome, time-consuming, and error-prone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone.
They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Organizations examine past sales trends, apply seasonal adjustments, and make forecasts based on historical models.
This article outlines key factors driving supply chain change, the limitations of outdated strategies, and how Walmart is restructuring its supply chain using AI and automation. The COVID-19 pandemic and ongoing geopolitical shifts demonstrated the risks of relying on single-source suppliers and minimal inventory buffers.
Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. DAT iQ provides freight intelligence to inform your budget and procurementstrategies so you can navigate market volatility with greater confidence and agility.
Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. We remind why suppliers are critical for supply chain success and what CEOs and business leaders can do to improve supplier relationships.
Mike is a Client Engagement Director at JBF Consulting , a supply chain execution strategy and systems integrator for logistics-intensive companies of every size and any industry. Mike has extensive experience in Transportation and Logistics from procurement through operations leadership spanning 25+ years. About Mike Wolf.
From balancing cost-efficiency with ethical sourcing to enhancing transparency and integrating corporate social responsibility (CSR), businesses face mounting pressure to align their operations with sustainability, technology, and energy practices. The energy sector provides a compelling example of CSR-driven compliance.
Her supply chain and traditional G&A consulting background bring a unique perspective to clients who must work across their organizations to drive supply chain initiatives with Procurement, IT, Operations, and the C-suite. At DAT, she has been instrumental in growing the shipper practice.
It can be a direct reflection of current market trends, as many publicly traded companies operate within the global supply chain. In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies.
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. By optimizing freight routes, companies can lower transportation expenses while improving efficiency.
Image source: iStocks | Top 7 Most Impactful Logistics Trends to Watch in 2025 As another year comes to an end, managers and business owners are dedicating themselves to a crucial stage in the success of any business: evaluating what worked and what can be improved in their operations.
For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supply chain strategies is essential. Senior leaders must think beyond incremental improvements, embracing systemic innovation to achieve significant environmental impact.
A single, centralized source of truth for your organizations data is no longer a luxuryits a necessity for businesses seeking to scale efficiently, enhance profitability, and make informed, data-driven decisions. Missed opportunities: Businesses cant identify patterns or optimizestrategies without cross-branch insights.
Thats why its more important than ever to focus on strategies that work and make them part of your plan moving forward. Lets explore the key strategies that can keep your business ahead of the competition in 2025. Make Sustainability a Core Strategy Consumers care more than ever about where their products come from and how theyre made.
Automotive distributors play a vital role in the automotive supply chain by procuring parts, warehousing them, and then supplying them to OEMs (original equipment manufacturer), retailers or end consumers. The data can be used to identify inefficiencies in the supply chain, improve inventory management, and streamline operations.
Why Modern Data Warehouses Are No Longer Optional A centralized data warehouse is becoming an essential solution for businesses looking to scale efficiently and optimize operations. A well-implemented enterprise data warehouse allows for the integration of multiple disparate sources across different operational systems.
AWS , Google , and Microsoft are also investing heavily in custom AI chips to reduce their dependence on NVIDIA and optimize performance and cost. Google has developed multiple generations of its Tensor Processing Units (TPUs) , which are custom-built ASICs optimized for TensorFlow and used by Google Cloud for machine learning workloads.
Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.
Image source: Pexels | Shipping Trends for 2025: What Will Change and How to Adapt The logistics industry is continuously evolving, and as we move closer to 2025, businesses will face a range of transformative changes. Have you considered how open communication could improve your delivery accuracy?
Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.
Image source: Pexels | 7 Cost-Saving Tips Every Supply Chain Manager Should Know Managing costs effectively is crucial for success in the competitive supply chain world. Here are seven proven strategies every supply chain manager should explore to streamline operations, boost efficiency, and drive profitability.
How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. The Importance of Improving your Inventory Turnover. Six Ways to Improve Inventory Turnover (with Inventory Optimization).
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
They help businesses organize and analyze data, leading to better decision-making and improved efficiency. In this blog, we’ll explore how they are used in various aspects of the supply chain, including transportation, inventory management, demand forecasting, and network optimization.
Image source: Pexels | Logistics Challenges and How to Overcome Them Let’s break down the most common logistics problems and how you can resolve them to improve your operations. Read Also: How to Optimize Your Stock With Ideal Storage Structures 1. But the good news is, there are proven solutions that can help overcome them.
We’re sharing seven best practices to improve OTR transportation management, enabling shippers to stay competitive in the face of disruption. Leveraging historical data with current market trends, and layering human review and intervention provides insight into OTR transportation optimization opportunities. Forecast Demand?with?Analytics.
What strategies can businesses employ to optimize these costs, enabling them to streamline operations and enhance efficiency? By analyzing historical trends, demand patterns, and performance metrics, businesses can make informed decisions to optimize inventory levels, minimize excess stock, and enhance resource utilization.
Image source: Pexels | Everything You Should Know About Automation in Fulfillment Logistics Introduction to Automation in Logistics Have you ever thought about how Amazon delivers packages quickly and efficiently? Saving resources: With automation, it is possible to optimize the use of materials, energy, and even time.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Moreover, Supply & Demand Chain Executive explains , “Developing a point-of-departure strategy for partial and LTL shipments can give small and medium-size businesses delivery costs comparable to the mega shippers.
Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises. Let’s look at five proven strategies that can help you create a more resilient supply chain.
By leveraging these technologies, businesses can optimize operations, reduce costs, and make smarter, data-driven decisions. The Future of Matrix-Based Optimization The Future of Matrix-Based Optimization AI and machine learning (ML) take matrix-based analysis to new heights.
That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.
Single-source Shipping — A 3PL like ShipMonk can handle both incoming freight shipping as well as DTC or B2B shipments to end customers. This information is used for quality control and to optimize storage locations, packaging materials and shipping costs. Digital technology reduces the need for frequent physical audits.
In today’s complex and interconnected global economy, managing supply chains has evolved into a sophisticated discipline that requires advanced tools and strategies. This blog post delves into the intricacies of multi-tier supply chain analytics and optimization, exploring its significance, methodologies, benefits, and challenges.
In today’s complex and interconnected global economy, managing supply chains has evolved into a sophisticated discipline that requires advanced tools and strategies. This blog post delves into the intricacies of multi-tier supply chain analytics and optimization, exploring its significance, methodologies, benefits, and challenges.
Brad is the Founder of JBF Consulting , which specialize in freight technology – strategy, system integration, implementation and deployment. JBF Consulting is a supply chain execution strategy and systems integrator for logistics-intensive companies of every size and any industry. Freight Tech Trends with Mike Mulqueen.
Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.
Various trends influence the Geospatial Information Systems market: the adoption of digital technologies, out-of-the-box GIS offerings, cloud and mobile deployments, and location-based analytics. The benefits of using GIS in transportation are improved efficiency, safety, and sustainability.
Global Trade Compliance Is Not Showing Signs of Slowing Down Any Time Soon The Global Trade Compliance market is experiencing steady growth and is expected to continue this trend over the next five years. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions.
Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” Starting with a first principles model, according to AspenTech, improves accuracy significantly.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content