NZCS demo recap: FreightWaves SONAR unveils carbon footprint tool

The Supply Chain Journal

DEMO TOPIC: Intro to FreightWaves Carbon Intelligence (FCI). This demo illustrates ways SONAR users can leverage FCI to project their carbon emissions and compare their footprints to those of other logistics actors.

Demo 52

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.

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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.

Data 52

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.

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 And across the market, submitted data becomes rapidly outdated. And in some industries, outdated data can have disastrous consequences.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.

[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.

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.

Data 65

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.

3 Ways Shippers Use Trucking Data to Find Capacity

FreightWaves SONAR

And the transportation and shipping industry has a choice to make – to take advantage of trucking data or to ignore it, continuing as before. . Access to data and proper analysis are both essential to maximize profits and reduce costs. Request a SONAR Demo.

Data 56

Near-real-time data-driven route optimization best practices

FreightWaves SONAR

Data represents an integral part of daily life for most people, and it is no different within the transportation industry. 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.

5 Transportation Data and Insight Reports to Guide Freight Brokers

FreightWaves SONAR

More freight brokers are turning to technology and transportation data to grow their businesses by understanding the true freight market rate. . Predictive rates are another critical SONAR feature that helps freight brokers use transportation data. Request a SONAR Demo.

Data 52

[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.

Truckload rates: Using data predict and prepare spot vs. contract bids and RFPs

FreightWaves SONAR

Tracking market trends within truckload rates relies heavily on data and analysis. The key to avoiding this kind of situation is predictive planning and analysis. Data-driven insights provide a rubric for guiding RFP processes. Request a SONAR Demo.

Demo 72

Trade agreements and logistics data: why proactive planning always wins

FreightWaves SONAR

Reaching mutually beneficial service level agreements (SLA) or trade agreements depends on the access and utilization of current logistics data and a decent amount of preparation. Far too often, there is a severe lack of real-time logistics data to work with during this process.

Demo 56

BCOs and drayage planning: How global retailers apply data

FreightWaves SONAR

H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. The better global retailers and BCOs understand market conditions through smart data analysis, the easier they will secure on-time drayage moves or deliveries.

Data 69

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

FreightWaves SONAR

Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Applied data lowers the risk of over-valuing or under-valuing trucking costs. Data helps to ensure carriers make crucial accept versus reject decisions.

Waste 77

5 data prerequisites for carrier predictive freight rating in logistics

FreightWaves SONAR

And that’s why it’s important for carriers to apply data and enable predictive freight rating through these five requirements. Of course, it is also critical to apply data across all activities to identify which loads are ripe for the taking. Request a SONAR Demo.

What data is available to track intermodal freight shipping rates

FreightWaves SONAR

Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes. Data access to see savings compared to truckload and other shipping methods. Request a SONAR Demo.

What is transportation rate forecasting and why do I need real-time data to forecast accurately

FreightWaves SONAR

Understanding why rate forecasting is so vital and how accurate data and analysis can help improve predictions are essential. How automated real-time data analytics and mobile dashboards are improving shipping services for supply chain management. Request a SONAR Demo.

Demo 71

How to price freight loads: carriers that use data price more accurately

FreightWaves SONAR

It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Request a SONAR Demo.

Demo 70

Data-Driven Transportation Management and Its Role in Driving Stronger Tech Stack ROI

FreightWaves SONAR

Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. This remains key to the overall success of investments within supply chain analysis.

Demo 70

Truckload Shipping Procurement: How Large Data Sets/AI Aid in Pricing and Capacity Outlooks

FreightWaves SONAR

The problem looms large for shippers and managers across the supply chain network, but the answer is out there – better utilization of smart data and automated processes. Poor data analytics cause disruptions. Request a SONAR Demo.

How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. XYZ Analysis.

How Freight & Transportation Data Can Trim Your Transportation Spend

GlobalTranz

When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Without hard data, you can’t take action. When enterprises try to act in the absence of data, they are usually guessing and won’t get the results they need. However, as we’ve noted in a previous post, getting the right data is key as well. Luckily, this isn’t the case for transportation data.

Data 98

Freight tech: Three reasons why APIs provide freight parties rich data insights

FreightWaves SONAR

The sum of that freight tech volume is somewhat ironic – data overload and an inability to manage due to the inefficient use of several systems. Freight tech APIs collect data in near real-time. APIs eliminate the inconsistency and risks associated with manual data re-keying.

Demo 60

How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis. But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. XYZ Analysis.

How transportation brokers should start each morning with FreightWaves SONAR-fueled data

FreightWaves SONAR

However, the application of such data does not necessarily translate into meaningful improvements within day-to-day operations. Yes, analytics add value, but that value often gets overshadowed by the sheer volume of freight data insights available. View ocean import data too.

Demo 52

Retail disruption and K-shaped recovery highlight importance of freight data

FreightWaves SONAR

Using SONAR data in contract negotiations with carriers and 3PLs. . In addition, SONAR data could be used by retailers for strategic and longer-term decision-making, such as deciding where to locate warehouses and fulfillment centers. . Request a SONAR Demo.

SONAR Indices & Insights: Measure diesel fuel price volatility and market impacts with FUELS and ULSD rack data

FreightWaves SONAR

This week, learn how freight market participants, especially trucking carriers , rely on both the Ultra-Low Sulfur Diesel Rack (ULSDR) data index and the FUELS index to measure diesel fuel price volatility and to understand its impact on their operations and the freight market at large.

Demo 52

[WHITE PAPER] How to empower your network with routing guide compliance

FreightWaves SONAR

Big data in the supply chain is nothing new. Nearly every shipper, broker and carrier collects and uses data to derive insights, including predictive rates. The value created with real-time data and right-now lane-level analysis to enforce compliance. Request a SONAR Demo.

Enterprise shippers’ top 6 logistics strategies to know

FreightWaves SONAR

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 supply chain. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis.

What enterprise shippers can expect from logistics automation in 2021

FreightWaves SONAR

It always goes back to using data as a best practice for all aspects of freight management. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation.

What Is a Freight Rate Index?

FreightWaves SONAR

And the ability to apply data for meaningful insights is essential. Many enterprises have built unique real-time freight data indices. And it’s time to redefine the freight rate index with tendered, real-time FreightWaves SONAR data. Consistent data collection.

Demo 60

Shipping demand management: why enterprise shippers need in-depth insights

FreightWaves SONAR

That’s where data analytics comes in.” Gaining in-depth insights and current data about the supply chain, load statuses, and consumer demands can make it easier for enterprise sippers to adjust and plan. Request a FreightWaves SONAR demo today by clicking the button below.

Demo 72

How to Calculate and Apply ABC Classification of Inventory

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ). Determine the thresholds for splitting the data into A, B and C categories. XYZ Analysis.