Logistics Viewpoints

APRIL 4, 2024

Data Normalization & Removing Bias Data normalization in the context of forecasting is the process of going from actualized sales, which may be biased by various factors such as weather or inventory availability, to an understanding of baseline demand that is stripped of the impacts of these demand drivers.

Scenario Planning 137

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 137

Logistics Viewpoints

JUNE 8, 2022

At that time, I wrote about the COVID pandemic, and how similar events occur that elevate the uncertainty of the market. These events make accurate forecasting very difficult. I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do. Review of Prior Impactful Events.

Scenario Planning 131

Scenario Planning Analysis Events Purchasing Skills 131

FreightWaves SONAR

SEPTEMBER 29, 2023

The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. For those that make the right applications of freight data, the massive problems created by the pandemic could have been more easily mitigated.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

GlobalTranz

JANUARY 16, 2017

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Moreover, cloud technology enables global access to information, explains Ship Rocket, so companies can ensure continued uptime regardless of local events or issues.

Supply Chain Design Software 59

Supply Chain Design Software Supply Chain Software Supply Chain Design Analysis 59

Ship Monk

FEBRUARY 9, 2024

The process usually includes analyzing historical data for seasonal trends and product performance, as well as gathering current data on competitors, marketplace trends, future marketing plans and promotions. All of them rely on data, whether you’re using historical data or new findings gathered from consumer research.

eCommerce 85

eCommerce Inventory Reduction Operations Modeling Software 85

Logistics Viewpoints

SEPTEMBER 4, 2023

That processing event determines when the goods need to be delivered to the next stop. It was quickly determined that a procurement event was necessary just to set a baseline. Procurement ran a request for proposal event. Any shipment moving from Siloam Springs to Bentonville, Arkansas, for example, would be one lane.

Procurement Solutions 122

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 122

Logistics Viewpoints

FEBRUARY 26, 2024

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.

Supply Chain Planning Software 149

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 149

Logistics Viewpoints

SEPTEMBER 19, 2023

Risk events that happen in one part of the supply chain can cause a disruptive effect that is amplified multi-fold given the complex connectivity of labor, raw materials, and capacity. The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream.

Supply Chain Design Software 138

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 138

Talking Logistics

APRIL 17, 2018

Again and again, digitization and data were at the heart of panel and networking conversations. Even headline speakers were professing “data got sexy” and data is now a core strategy for companies looking to succeed. Supply chain leaders are wanting their organizations to be data-driven.

Supply Chain Design Software 69

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 69

FreightWaves SONAR

JULY 24, 2023

As the industry struggles to recover from the unprecedented global events of 2020, recognizing budget limitations is essential for industry growth and success. For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. Think about this.

Cost Reduction 106

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 106

GlobalTranz

NOVEMBER 19, 2015

6 Benefits of Applying Useable Data in Logistics For Continuous Improvement. In this post we will talk about how you can improve your transportation management program by focusing on using data, extracted from the use of technology, such as a transportation management system, that then people can use to continuously improve.

Data 77

Data Sourcing Strategies Optimal Sourcing Transportation 77

GlobalTranz

NOVEMBER 11, 2016

Data reflect all the small, seemingly insignificant details of the modern world. From a review of your personal bank account spending habits to larger, more advanced processing capabilities, data evolve and expand with each passing day. When Did Big Data in Supply Chain Become a Game-Changer? .

Supply Chain Software 92

Supply Chain Software Supply Chains Data Sourcing Strategies 92

FreightWaves SONAR

DECEMBER 29, 2020

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. And it’s in this space where big data analytics can add the most value.

Data 52

Data Negotiating Skills Transportation Supply Chain Software 52

Talking Logistics

APRIL 17, 2019

How are these advancements improving the way data is shared in ocean transportation? The EDI transactions would feed milestone events into the company’s transportation management system (TMS). Andrew explains that, “Due to regulatory changes, every truck has to have an [ELD] device for tracking data.

Data 61

Data Supply Chain Design Software Supply Chain Software Cost Reduction 61

IoT World Today

FEBRUARY 6, 2020

IoT World is North America’s largest IoT event where strategists, technologists and implementers connect, putting IoT, AI, 5G and edge into action across industry verticals. Internet of Things (IoT) sensor-generated data is another key piece of improving railway efficiency and operations. Optimizing Railway Operations with Data.

Efficiency 135

Efficiency Networks Optimization Software Training 135

Material Handling and Logistics

JANUARY 8, 2018

These events also caused supply chain disruptions — although not all the effects may have been fully realized yet,” he said. Hurricane Maria, which slammed into Puerto Rico on September 20, 2017, is a prime example of a catastrophe that reverberates through supply chains. Economic situation can cause product or labor shortages.

Supply Chains 142

Supply Chains Cost Reduction Examples Events 142

Logistics Viewpoints

MARCH 4, 2021

Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats. Planners spend their precious time collecting and synthesizing the data to drive insights.

Supply Chain Planning Software 157

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 157

GlobalTranz

NOVEMBER 12, 2015

Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement. Order Processing Capabilities.

Data 91

Data Vendor Strategies Logistics Network Optimization Software Expense Reduction 91

3PL Links

DECEMBER 28, 2023

As the name implies, trend research looks to forecast future events mostly based on consumer behavior, which drives shifts in the needs, wants, and expectations of the market. Strategic API integration allows logistics organizations to get almost real-time data and updates about orders and shipments. Check out below: 1.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Sourcing Strategies Trends 48

Logistics Business Magazine

JULY 20, 2021

In times of ever-increasing digital change, not only future-proof technologies, but also reliable data security systems are essential in order to make work processes efficient, scalable, sustainable and competitive. Thanks to the smart network with the manufacturer, users can also send service reports directly to EFAFLEX if they wish.

Cost Reduction 74

Cost Reduction Logistics Network Optimization Software Networks Analysis 74

Logistics Viewpoints

FEBRUARY 28, 2022

Planning applications don’t work well if the master data they rely on is not accurate; this is known as the “garbage in, garbage out” problem. Artificial intelligence is beginning to be used to update the data. Lead times, for example, are a critical form of master data for planning purposes.

Supply Chain Planning Software 169

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 169

Logistics Viewpoints

JANUARY 26, 2021

Geopolitical events. While creating a demand-driven supply chain means ingesting and interpreting large volumes of data, advances in cloud computing and edge computing make data-based decision making easy and cost-effective. A Positive Example. Natural disasters. Tariffs and trade regulations. The rise of ecommerce.

Supply Chain Software 161

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

The Logistics Academy

OCTOBER 4, 2016

Supply chain management is a field where Big Data and analytics have obvious applications. Until recently, however, businesses have been less quick to implement big data analytics in supply chain management than in other areas of operation such as marketing or manufacturing.

Supply Chain Planning Software 49

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 49

Logistics Viewpoints

APRIL 15, 2021

At our Blue Yonder ICON event later in April this year and 3PL Execution Forum in June, 3PL and 4PL companies will explain how they are leveraging innovations as an advantage. An example is carrier network services for executing a cohesive set of first-, middle- and last-mile operations and optimizing common carriers and fleets.

Supply Chain Planning Software 149

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 149

WorkWave

SEPTEMBER 14, 2022

Your company might also be more prone to human-related errors, particularly during data entry or other repetitive tasks. For example, AI in pest control allows organizations to optimize chemical distribution routes, automate marketing, and deploy drones to eliminate pests in hard-to-reach places. Competitor Analysis Tools.

Optimization Software 52

Optimization Software Tools Resource Reduction Material Savings 52

GoShip Blog

JUNE 16, 2021

With the volume of data entering the supply chain every day, AI computing technology has the potential to shift business trends to encourage revenue. . AI in supply chain and operations can efficiently handle data for analysis and automated functions. Prepare granular data. Improved supplier relationship.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 52

Logistics Business Magazine

OCTOBER 2, 2023

there is a road closure not captured in the digital map data). Then there are events that are out of the driver’s control, which can change the route plan. For example, a customer cancels a delivery or an accident closes a road. For instance, some deviations are voluntary (e.g. This is how technology supports.

Cost Reduction 53

Cost Reduction Modeling Software Optimization Software Logistics Network Optimization Software 53

Blue Grace Logistics

JUNE 17, 2020

These disruptions are like black swan events which no one can forecast or plan for in advance. For example, according to reports , the 2011 earthquake and Tsunami in Japan had caused grave damage to infrastructure and manufacturing facilities in the country. What can you do to make your supply chain ready to weather disruptions?

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 71

Logistics Business Magazine

MARCH 1, 2021

INDUTRAX PS I FLS Fuzzy Logik & Neuro Systeme have entered a partnership to offer integrated software solutions to analyze business processes using location data and AI methods, to identify weaknesses and to visualize improvement potential in a comprehensible form. From raw location data, Deep Location Awareness is created.

Optimization Software 43

Optimization Software Optimal Sourcing Logistics Network Optimization Software Manufacturing Procurement 43

Blue Grace Logistics

MAY 10, 2021

These disruptions are like black swan events which no one can forecast or plan for in advance. For example, according to reports , the 2011 earthquake and Tsunami in Japan had caused grave damage to infrastructure and manufacturing facilities in the country. What can you do to make your supply chain ready to weather disruptions?

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 62

Logistics Business Magazine

MARCH 5, 2024

Recent events appear similarly momentous, putting global shipping in a precarious position and highlighting endemic issues. For example, Transporeon data shows that container shipping prices from Asia to Europe have recently spiked by 300%. Maritime transportation suffers from endemic data fragmentation. The result?

Maritime 52

Maritime Price Reduction Cost Reduction Supply Chain Planning Software 52

Logistics Business Magazine

FEBRUARY 23, 2024

Red Bull’s Formula One HQ in Milton Keynes is an appropriate and impressive backdrop to learn why data is fuel in logistics. High performance in logistics can be maintained by extracting insights from data and taking practical steps. Complexity requires having a data strategy.” The quality and timeliness of data is crucial.”

Logistics Network Optimization Software 51

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 51

WorkWave

FEBRUARY 18, 2021

In the long-run, using more technology can help create more jobs in these trades, as people are needed to help interpret data and create automation tasks. These technologies include: Big data; Augmented and virtual reality; Internet of things; Artificial intelligence. Field service companies can house a lot of data.

Buyer Training 105

Buyer Training Optimization Software Automation Inventory Reduction 105

Logistics Business Magazine

JULY 1, 2022

In the run-up to the recent LogiMAT event, Bernard Biolchini ( pictured ), Executive Vice President EMEA at Dematic , one of the world’s leading manufacturers of integrated automation technology , software and services for supply chain optimization, spoke about the new era. That is why we have conducted extensive surveys and analysis.

Supply Chain Planning Software 56

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 56

CLX Logistics

JULY 26, 2021

Soon, it’ll almost be a guarantee that if you’re not leveraging modern data analytics properly, you’re losing money or leaving it on the table. So, what are your competitors getting from modern data and analytics solutions that you’re missing out on? Procurement Event Strategies. Ongoing Spend Analysis.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

Logistics Viewpoints

FEBRUARY 8, 2022

For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. As just one example, Nike’s online sales grew by 75% in 2020 — but its profit margins fell from 45.5% due to the higher costs associated with online selling. Transportation: Moving to a Digital Environment.

Optimal Sourcing 112

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 112

GlobalTranz

APRIL 20, 2021

Whether it’s a pandemic, severe weather events, trade disputes and tariffs, economic upheaval, or even unexpected surges in customer demands, you can’t prepare for every eventuality. Utilize a TMS That provides real-time data to remain agile. Many companies rely on data that may lag several days.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115