How to Write a Winning Business Plan

Ship Monk

It lays a super important foundation for future endeavors, one which you can refer to any time you need to be reminded of the big picture. Risk-taking is a crucial part of entrepreneurship, but, when it comes to business plans, it’s best to not leave it to chance.

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

FreightWaves SONAR

And the overall industry trucking trends imply an absolute need to grow more strategically. The key to success in the sector remains staying focused on the path that leads to increased profits. Your goal is to generate actions and make choices based on correct facts.”

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Managing E-Commerce Fulfillment Spikes With Data Analysis


To meet demand, shippers must rapidly ramp up production and move more product, but the industry is struggling. This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Challenges in Managing E-Commerce Fulfillment The challenges of managing e-commerce fulfillment go back to the need to rapidly scale operations to meet changing demand.

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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.

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.

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


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.

How to Calculate and Apply ABC Classification of Inventory


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 ). How to Calculate ABC Classification. How to Put your Data to Good Use.

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


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.

How to Optimize Inventory Management for eCommerce


The growth of eCommerce in 2020 was phenomenal as more customers, B2B and B2C alike, shopped online due to the COVID-19 pandemic. With this global movement comes a wealth of opportunities for businesses, both large and small, to expand their reach and target new customers.

[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. To help enterprise shippers find and overcome these risks, analytics can help.

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.

Manufacturing Supply Chain Constraints and How to Overcome Them

FreightWaves SONAR

Several constraints and limitations exist that need to be dealt with and overcome to find success and growth. Supply chain constraints are impossible to avoid, but they can be planned for to reduce their impact.

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How Data Can Improve Last-Mile Delivery


From missed delivery times to damaged products, it can be an area that many managers spend a lot of time on. According to Business Insider , last-mile delivery costs comprise 53% of overall shipping costs. Benefits of Data for Last-Mile Delivery.

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How to Get the Most ROI from Supply Chain Logistics

Carter Logistics

How to Get the Most ROI from Supply Chain Logistics. When moving freight, you need to be sure that the capital you are investing in isn’t being spent needlessly and that you get exactly what you pay for. Breakthrough fractured supply chains and supply chains that run in silos by taking initiatives that bring benefits to your logistics process. Leadership must proactively work against this to prevent information silos and loss of collaboration. Blog Topics.

What Makes Data So Valuable?


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. According to Bernard Marr at Forbes , 2.5

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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.

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. Yet amongst this buzz, I was challenged to find success stories. And how could a company succeed in digitally transforming? Supply chain leaders are wanting their organizations to be data-driven.

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Supply Chain Big Data: Why Supply Chain Leaders Are Using Big Data Analytics


Supply chain industry leaders have access to more information today than ever before in history. Thanks to data gathering programs, supply chain software , and data entry applications, this represents a mountain of data, which has the potential to provide ground-breaking insight into how to improve business-model efficiency. As a result, business leaders can reap a significant return on investment by thoroughly analyzing this data.

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A Summer of Sales: How to Combat the eCommerce Slow Season

Ship Monk

Sales slumps can happen to the best of us. If you’ve been itching to pick up the pace, you’ve stumbled upon the right blog post. Grab your favorite pair of sneakers and allow us to run you through six suggested courses of action. Run a Competitive Analysis.

How to Start a Tree Service Business [6 Steps]


Time To Read: 7 minutes. So, you want to start a business in the tree service industry. Now, you need to learn more about the industry and how to start a tree service business. You aren’t sure what is needed to start a tree service?

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

FreightWaves SONAR

How effective are you at lane-by-lane planning and getting deep insights to aid in freight spend planning, mini-bids, and other long-term contracts in your organization? How contract data amounts to tactical bidding management.

How to Get a Job in the Supply Chain Sector

Logistics Bureau

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. This is expected to widen to 9 to 1 in the years ahead.

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

FreightWaves SONAR

The ability to accurately predict the volatility of specific lanes and load types can help shippers keep truckload rates under control. Tracking market trends within truckload rates relies heavily on data and analysis. Often this means contracted volume is the way to go.

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How to Earn an A+ in Customer Service

3PL Insights

At Evans Distribution Systems, our goal is provide customers with end-to-end solutions in support of their supply chain operations. But those services cannot fully be realized without great customer service to ensure a smooth execution. It’s easy to focus on the end result.

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

FreightWaves SONAR

With so many shipping modes and options to choose from and a wealth of innovative technology to take advantage of, it can quickly become overwhelming and confusing. Data represents an integral part of daily life for most people, and it is no different within the transportation industry.

How to Create Predictable Service Schedules for Over the Road Transportation

United World Transporation

According to Pro*Act’s The Source , California and Arizona trucks are plentiful and should be that way for the near future, and Washington’s truck supply is steady. One of the best ways is to have a predictable and reliable delivery schedule. Data Analysis.

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How to Get Your Indirect Spend Under Control

Material Handling and Logistics

Having too much of some items can be just as costly to your bottom line as having too little. Though individual items often don’t amount to a huge expense, your total indirect spend and associated costs likely constitute a significant portion of your overhead expenses. Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. So how can you better control your indirect spend?

New Embedded Business Analytics Dashboards Offer Management Quick Insight Into How to Drive Performance and Profitability


Time To Read: 3 minutes. Financial and operational dashboards provide direct insight into what actions a company should take to immediately improve their business results.

Effective Stock Replenishment: Why you need it & how to achieve it


Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Here’s quick overview of what stock replenishment is and how great stock replenishment methods can truly add value to any business.

How to Improve Microsoft Dynamics 365 Business Central’s Inventory Management Capabilities


Dynamics 365 Business Central, or Dynamics BC, is Microsoft’s newest ERP to the market. Predominantly based on the functionality of Dynamics NAV, it’s easily connected with Microsoft’s other solutions from the 365 software suite to provide a fully integrated business system.

How to Implement New Software (Part 2)

Camelot 3PL Software

For most companies, the goal of implementing new software is to become better, faster, and more capable of handling growing business demands. In the last blog post , we looked at the five W’s that help to set expectations for a successful software implementation. We will now delve into HOW to successfully implement, and identify several key success factors for every project. to project sponsors and stakeholders. Steering committee decides whether to proceed.

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Parcel TMS Analytics: There’s Gold in the Data


E-commerce is driving the demand for last-mile delivery, causing parcel shipping costs to increase at twice the rate of inflation. Since this trend isn’t likely to change anytime soon, shippers who can contain the cost of shipping by maximizing efficiency and optimization throughout their shipping network will be on firm ground heading into the future. Data-driven analytics enables you to make cost-effective transportation decisions. Data TMS

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Why A Successful Transportation Management Program Is Empowered By Data


Today we continue our long series and look at teaching shippers how to remain strategic when it comes to logistics and their transportation management program. This is the 7th post in this series that first started by giving an overview of the 10 areas shippers can turn to stay strategic. The first 5 were as follows: 6 Strategic and Proactive Tips to Stay Ahead of Distressed Shipments. 6 Benefits of Applying Useable Data in Logistics For Continuous Improvement.

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6 Benefits of Applying Useable Data in Logistics For Continuous Improvement


We continue our series on strategic shipping by going into detail of the 10 main areas that shippers can turn to in order to have a strategic logistics and transportation management mindset. 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. . Shipping processes revolve around a million-trucks-worth of data.

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


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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Improve Forecasting Accuracy: How to Manage Demand Outliers


Forecasting accuracy can be affected by ‘outliers’ or ‘fliers’ in the data. An outlier is a data point that is not considered to be part of the overall pattern of demand for a product. A demand outlier can either be overly high or overly low compared to other data points in the data series. However, this isn’t always the case, and on closer inspection some outliers may turn out to be a genuine demand pattern.

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