Freight Payment 2021: Data analysis for everyone

Logistics Management

Freight payment providers are upbeat heading into recovery, offering a diverse menu of solutions designed to take cost out of freight transportation by helping shippers of all sizes to “think strategically, not transactionally

Data Quality: Your Digital Transformation Depends on It

Logistics Viewpoints

In a prior post , I wrote about the various ways data is transforming global supply chains. Today, I’m going to add a qualifier — it has to be quality data. It’s a critical point, because there are so many ways that data can, well, “go bad”. So, what is quality data?

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Transportation cost analysis: Going beyond benchmarking for improved carrier pricing

FreightWaves SONAR

From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end.

SONAR expands its reefer data

The Supply Chain Journal

Since its introduction in 2018, FreightWaves SONAR has provided subscribers with the most current freight market data, analysis and insights. SONAR is the only freight forecasting platform that combines contract tender data with spot rate data and creates predictive freight rates.

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Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.

Logistics Manager Analysis: Forecasting and S&OP… Big data, big decisions

247 Customs Broker

However, as the supply chain changes so rapidly, especially with the… The post Logistics Manager Analysis: Forecasting and S&OP… Big data, big decisions appeared first on 24/7 Customs Broker News.

Managing E-Commerce Fulfillment Spikes With Data Analysis

GlobalTranz

This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Disjointed systems and data silos, creating delays in processing and deficiencies in visibility. Data Analysis Enhances E-Commerce Forecasts and More Take a moment to consider what goes into managing e-commerce fulfillment. Data E-Commerce Logistics

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BluJay Launches Data Insight and Analysis Tool

Logistics Business Magazine

BluJay Solutions has launched BluIQ by BluJay, a data and insight analysis tool that offers real-time, actionable supply chain data in a configurable visual dashboard. This solution is part of the Data component of our DNA strategy.

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APIs and the High Value of ‘Useless’ Data

Talking Logistics

Global enterprises spend a lot of money on technology — up to 7% of revenues go toward hardware and software to communicate, gather, store, curate, and analyze the organization’s data. However, a robust IT infrastructure is only as valuable as a company’s ability to use it to transform data into actionable insights. Read more APIs and the High Value of ‘Useless’ Data.

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Using ABC Analysis in Inventory Management

EazyStock

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. The Three Classifications used in ABC Inventory Analysis. ABC Analysis and the 80/20 Rule.

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

Logistics Manager Analysis: Forecasting and S&OP… Big data, big decisions  – Logistics Manager Magazine

247 Customs Broker

However, as the supply chain changes so rapidly, especially with the… The post Logistics Manager Analysis: Forecasting and S&OP… Big data, big decisions – Logistics Manager Magazine appeared first on 24/7 Customs Broker News.

6 Steps to conduct a freight spend analysis

FreightWaves SONAR

A freight spend analysis can help cut those extra costs. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues. Let’s look at a few best practices and steps to conduct a comprehensive, insightful cost analysis. Gather data for the analysis.

SONAR expands its reefer data

FreightWaves SONAR

Since its introduction in 2018, FreightWaves SONAR has provided subscribers with the most current freight market data, analysis and insights. SONAR is the only freight forecasting platform that combines contract tender data with spot rate data and creates predictive freight rates.

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Why near-real-time electronic freight tender trucking data is more reliable than waiting on submitted data

FreightWaves SONAR

Data for data’s sake lacks value, especially in the view of the supply chain. And across the market, submitted data becomes rapidly outdated. And in some industries, outdated data can have disastrous consequences. Additional benefits of actual tender data.

Automated Order Processing and Proactive Inventory Management

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align. Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization. This is especially important for new product releases, in store programs or promotions (sales, end caps, PDQ. etc) or online promotions (company run or 3rd party). Depending on total supply chain lead time, not having real time visibility and analysis of this information can significantly affect sales and the bottom line.

Logistics Manager analysis: Big Data’s bleeding edge

247 Customs Broker

[og_img] The way Big Data is being used is changing and transforming supply chain management along with it, Johanna Parsons investigates. Big Data has formed… The post Logistics Manager analysis: Big Data’s bleeding edge appeared first on 24/7 Customs Broker News. 3PL Analysis Article IT & Software News customs broker customs clearance freight imports logistics shipping

Retail enterprise suppliers’ best practices to use global trade data

FreightWaves SONAR

Global trade data and shipping demand management are not just things that high-tech companies and international investors need to worry about. This focus makes proper use of global trade data and analytics so vital for continued recovery and growth throughout the supply chain network.

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New Year Resolution: Start Collecting More Data in 2021

Blue Grace Logistics

As you might have guessed from the title, it’s time to start collecting more data. The Big Benefits of Big Data. Digitalization also creates the opportunity to collect data that would otherwise fall into the unknown. Simply put, good data drives better service.

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Freight and trucking data: how historical and contract load tender data create a trucking rate predictor

FreightWaves SONAR

Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. Freight Market Blog freight and trucking data

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Top 5 Barriers to Supply Chain Network Design Adoption and How to Overcome Them

Speaker: Brian Dooley, Director SC Navigator, AIMMS, and Paul van Nierop, Supply Chain Planning Specialist, AIMMS

Want to build your internal capability, reduce costs and make better decisions? It's easier than you think. This on-demand webinar shares research findings from Supply Chain Insights, including the top 5 obstacles that bog you down when trying to improve your network design efforts.

FreightWaves improves its carbon intelligence data

The Supply Chain Journal

The FreightWaves SONAR Supply Chain Intelligence (SCI) platform now features emissions calculations compliant with the GLEC Framework, deepening its carbon intelligence data.

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How Data Can Improve Last-Mile Delivery

Shipchain

But dedicated managers have found a solution to help improve this part of delivery: data. Data is generated in all parts of last-mile delivery, and analysis of this information can help companies become proactive rather than reactive with their delivery methods.

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Managed Services Clarifies Data In The Chemical Supply Chain

Trinity Logistics

Chemical manufacturers collect and use a lot of data in their supply chain. They deal with data on their products, customers, transportation, storage, operations and more. You can find ways to manage your data in one place using a 3PL’s Transportation Management System (TMS).

These Data Mining Techniques Will Make The Most of Data Warehousing

GlobalTranz

Data Warehousing means a warehouse of data where it can be stored for analysis. It includes the process of data collection from various databases to one specific place to acquire efficient access. It involves the process of joining data from different resources and structuring it in such a way that it can be utilized for.read More.

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Another way to look at rates data -- compare median to average to determine market leverage

Overdrive Online

Criss Wilson, a data scientist with the McLeod TMS provider, offers a spectrum-analysis approach to understanding market leverage with shippers/brokers in rate making. One limitation: access to quality data he hopes more carriers will share. Business

Data standardization and its benefits – Executive Insights with Thomas Bagge, CEO of DCSA

Shipping and Freight Resource

Executive Insights is a series by Shipping and Freight Resource that provides useful insights and thoughtful analysis on what is happening in the maritime, shipping, freight, logistics, supply chain and trade industries. But just data alone is not going to assist.

Cold Chain Excellence through Data Analytics

SIPMM Professional Publications

Every decade or so, the business world invents another term for how it extracts managerial and decision-making value from computerized data. In the 1970s the favored term was decision support system, accurately reflecting the importance of a decision-centered approach to data analysis. The post Cold Chain Excellence through Data Analytics appeared first on SIPMM INSTITUTE.

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The State of Supply Chain Trends Part IV: Data Analysis, Wearables, and the Cloud

GlobalTranz

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Powered by an increasing number of connected devices via the Internet of Things , automated data entry is empowering usable data and allowing more companies to replace legacy systems or integrate new technologies with existing systems. Data analysis is the companion of cloud-computing technologies.

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The Daily Dash: Feds’ data being questioned

The Supply Chain Journal

A group representing makers of self-driving cars and trucks wants the Biden administration to reconsider its recent order mandating that manufacturers and operators of automated vehicles promptly report data involving certain crashes that occur while the automation technology is engaged.

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Is Your Data Ready For AI and the Emerging Technologies?

LandLink

Data is the new precious metal and it is becoming more essential than ever before. Technological leaps like blockchain, artificial intelligence and machine learning run on data. Careful and Regular Data Collection is Critical Data management is not a “set it and forget it” activity.

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What Makes Data So Valuable?

Shipchain

Today’s hottest commodity is data. Nowadays, how you study, manage, and protect your data can make or break you. Read on for an analysis as to why data is so valuable and how you can be optimizing it. So What is Data? In simplest terms, data is any set of facts or figures. Moreover, with society’s increasing resilience on technology, the amount of data created is growing exponentially. What Makes Data So Valuable?

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Wall Street analysis puts value of Uber Freight at $3.5B

The Supply Chain Journal

billion valuation does not have a perfect peer comparison, which would need to be a digital brokerage with public financial data.

Porch pirates: examining unattended package theft through crime script analysis

Logistics Trends and Insights

Using Video Data Analysis to examine 67 YouTube videos of porch pirates engaged in criminal activity, the authors develop a Crime Script Analysis and identify Situational Crime Prevention (SCP) practices that can interrupt porch piracy.

[WHITE PAPER] How lane by lane analysis at scale promotes strategic and tactical transportation management

FreightWaves SONAR

To help shippers understand the value of data-driven bidding in the short- and long-term, powered by Lane Acuity, this white paper will explore: Common problems in managing annual RFP processes for enterprise shippers. How contract data amounts to tactical bidding management.

[WHITE PAPER] FreightWaves SONAR: Full shipment lifecycle market data vs TMS vendor and paid-only forecasting

FreightWaves SONAR

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. How data facilitates access, analysis and application can affect short-term and long-term actions.