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4 Ways to Enhance Warehouse Efficiency with Prescriptive and Predictive Analytics

Logistics Viewpoints

While predictive analytics seeks to answer questions such as “what might happen in the future,” prescriptive analytics goes beyond by recommending the best course of action going forward. Traditional slotting solutions require customized models, extensive engineering, measurement, and data collection.

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REPOST: What Will Tomorrow’s Freight Broker Do with Ben Buchanan

The Logistics of Logistics

Of course, some of the industry leaders like Loadsmart are delivering these innovations today. Mode optimization has traditionally been promised, but not delivered because the analysis was completed by people who didn’t have the data or tools. Instead, new pricing models and incentives have evolved that align the shipper and broker.

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Decreasing deadheading in trucking: how carriers are turning to data to maximize assets

FreightWaves SONAR

More money going out than is coming in is never a profitable business model. Of course, carriers want their transportation networks to be as profitable as possible. An effective active routing program allows for the inclusion of data points and analysis to be factored in. The problem of deadheading in trucking.

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What Will Tomorrow’s Freight Broker Do with Ben Buchanan

The Logistics of Logistics

Of course, some of the industry leaders like Loadsmart are delivering these innovations today. Mode optimization has traditionally been promised, but not delivered because the analysis was completed by people who didn’t have the data or tools. Instead, new pricing models and incentives have evolved that align the shipper and broker.

Freight 195
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Demand Forecasting in an Inflationary, Supply-Constrained, Semi-Post-Pandemic Environment

Logistics Viewpoints

I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do. In the first half of 2020, my European colleagues Florian Güldner and David Humphrey conducted a thorough scenario analysis to estimate the potential impact of the corona virus on automation markets and supply chains. Final Word.

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Philip Morris International’s Pivot to Smoke-Free Products Complicates their Supply Chain

Logistics Viewpoints

Once the analysis was done for Year One set up, Year Two was pretty much the same. The tool was able to create a model going out multiple years. There was no need to change parameters or re-run models in any subsequent years. River Logic came back with a working and validated model in less than one week.

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Using Predictive Analytics For Better Supply Chain Resilience

Blue Grace Logistics

Approaching a demand analysis with historical data and seasonal variations is no longer competent. Brand identity, interactive marketing campaigns and differential lifestyles complicate a perfect trend analysis model. Every step of the way can use predictive analysis. billion by 2022.