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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Examples of How Supplier Quality Management System Implementations Pay Off

GlobalTranz

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System. Automotive calls it Advanced Product Quality Planning (APQP), with Failure Mode and Effect Analysis (FMEA)-essentially a risk profile and its operational counterpart, a control plan.

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 And across the market, submitted data becomes rapidly outdated. And in some industries, outdated data can have disastrous consequences.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

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).

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.

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 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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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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The Data Needed to Transform Supply Chains

Talking Logistics

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. The Hackett Group provides a useful visual for describing the maturity stages that supply chain is moving through as the industry strives to leverage data and advanced analytics. We all know how the industry handles the data issue.

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Logistics Decision-Making Backed by Data Science: 4 Keys to Success

The Supply Chain Journal

By: Matt Harding, Senior Vice President, Data Science, Transplace. During a time of significant supply chain disruptions, logistics leaders rely on data to make informed business decisions. Here are four steps to harness the power of data to propel logistics success.

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Why A Successful Transportation Management Program Is Empowered By Data

GlobalTranz

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. The Use of Data to Create a Successful Transportation Management Program. Businesses are often left with questions about the origination of such data.

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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.

Parcel TMS Analytics: There’s Gold in the Data

GlobalTranz

Data-driven analytics enables you to make cost-effective transportation decisions. However for most shippers, parcel spend is poorly understood because shipping data is often locked up in point solution silos, such as carrier-provided systems and websites, in a variety of different formats. The first step is to collect all the data required to support optimal decision-making within the shipping function. Data TMS

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6 Benefits of Applying Useable Data in Logistics For Continuous Improvement

GlobalTranz

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. Shipping processes revolve around a million-trucks-worth of data. Take a look at how your data can be used for continuous improvement across your organization.

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How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

GlobalTranz

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology. Ask Traditional Questions, and Let Big Data Provide Answers. Data Leadership Supply Chain

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What’s Big Data in Supply Chain & Logistics? Why Should I Be Looking at This Tech Trend?

GlobalTranz

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. It is real, and the volume of data being produced every 48 hours rivals that of all data and information gathered over thousands of years of human history, explains Bernard Marr. Big data in supply chain is not a new concept.

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Saving Your Company After a Data Breach

Supply Chain Brain

Companies large and small are susceptible to data breaches. Should you follow the example of a company like Equifax , which did everything wrong in a wake of a cybersecurity breach and incurred hundreds of millions of dollars in costs, not to mention a stain on its reputation? She’ll tell us how companies can take a proactive approach to a data breach, minimizing the damage and preserving their brand. Podcasts All Technology Big Data/IOT SC Finance & Revenue Mgmt.

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How Do Supply Chain & Transportation Leaders Get Started Using Their Big Data Strategy?

GlobalTranz

The amount of information and improvement possible through big data can be overwhelming. Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. As a result, the simplest way of defining a big data strategy must begin with understanding how it will evolve and affect the company. . How to Get Started with Your Big Data Strategy. . Gather Stakeholders, and Explain the Potential ROI of Your Big Data Strategy.

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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.

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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 Parade Secures and Protects Your Freight Brokerage’s Data

Parade

Freight brokerages who want to benefit from technology solutions like Parade must first be willing to give their technology partners access to data about their carriers and load opportunities. However, in sharing your data with a third party, there are concerns about 1) How they will use your data, and 2) Who they will share your data with. So, in this post, I outline Parade’s approach to securing your data and ensuring your privacy. Who Can Access Your Data?

How Parade Secures and Protects Your Freight Brokerage’s Data

Parade

Freight brokerages who want to benefit from technology solutions like Parade must first be willing to give their technology partners access to data about their carriers and load opportunities. However, in sharing your data with a third party, there are concerns about 1) How they will use your data, and 2) Who they will share your data with. So, in this post, I outline Parade’s approach to securing your data and ensuring your privacy. Who Can Access Your Data?

How Parade Secures and Protects Your Freight Brokerage’s Data

Parade

Freight brokerages who want to benefit from technology solutions like Parade must first be willing to give their technology partners access to data about their carriers and load opportunities. However, in sharing your data with a third party, there are concerns about 1) How they will use your data, and 2) Who they will share your data with. So, in this post, I outline Parade’s approach to securing your data and ensuring your privacy. Who Can Access Your Data?

Supply Chain Data Visibility Paramount as Industry Lurches into Next Chapter

IoT World Today

Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “If

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Why Those Who Utilize Supply Chain Data Analytics Are Gaining a Competitive Advantage

Turvo

That’s where supply chain data analytics comes into play. What Are Supply Chain Data Analytics and Why Are Supply Chain Leaders Looking to Them. It provides the trends and data that can help them make informed choices about preparing for the coming quarter and the season.

Defining the Full Scope of Visibility in the Supply Chain

Turvo

These metrics are closely followed by training data scientists (21%), returns management (21%), and data interchange technology (17.7%). Modern technology, innovation, and data-sharing make management and forecasting for changes within the network more accessible.

The Future of Ocean Data Sharing and Visibility

Talking Logistics

How are these advancements improving the way data is shared in ocean transportation? Andrew explains that, “Due to regulatory changes, every truck has to have an [ELD] device for tracking data. This data is collected via APIs, eliminating the need for EDI transactions. The ability to share data is vastly expanded, providing more timely, accurate and robust information. Timely data is an important factor enabling them to do that.

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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.

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Supply Chain Analytics: A Continued & Renewed Focus on Using Data for Improvement

GlobalTranz

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. As the supply chain grows increasingly focused on meeting the demands of an increasingly data-driven and customizable world for consumers and business to business partners, the need for continual improvement and better visibility will continue to drive analysis of available supply chain analytics.

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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. .

How Big Data And Analytics Are Transforming Supply Chain Management

The Logistics Academy

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. In 2013 the Journal of Business Logistics published a white paper calling for “crucial” research into the possible applications of Big Data within supply chain management.

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What To Do With All of This Data? Robinson Labs Has the Solution

CH Robinson Logistics

One of the most frequent comments I get from customers is: “We have so much data but we don’t know what to do with it.” The team is always looking to push the boundaries of what’s possible to drive smarter solutions – especially those rooted in data science – for our customers.

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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

Amazon Go and the Future of Sentient Buildings: An Analysis

Supply Chain Brain

Specifically, they are inferring pose for articulated motion analysis in crowded scenarios. For example, the current setup has a dense array of cameras which we assume is probably required to make this all work. New Data — and How It Will Be Used. The Amazon Go store will generate a tremendous amount of new data. Amazon has revolutionized the use of online shopping data, following your every move online to make recommendations and try to get you to buy more.

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The Data Behind Amazon’s Logistics and Fulfillment Play

Freightos

These examples are from retail, but I sense that the same customer empowerment phenomenon is happening broadly across everything we do at Amazon and most other industries as well. Amazon is at the nexus of ecommerce, data, and logistics, with a drive to constantly improve their logistics network. That’s 258 operational facilities in the US and another 486 distributed around the world (see map below, data from MWPVL ). And the career data below spells out a strong ocean slant.

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