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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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.

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Enterprise shippers’ top 6 logistics strategies to know

FreightWaves SONAR

Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Strong and versatile logistics strategies depend on this data.

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.

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.

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.

New Year Resolution: Start Collecting More Data in 2021

Blue Grace Logistics

A new calendar year is a perfect time to set some goals for your organization and start planning new business strategies. As you might have guessed from the title, it’s time to start collecting more data. The Big Benefits of Big Data. Simply put, good data drives better service.

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Stop Bleeding Money with Outdated Freight Bidding Strategies

CLX Logistics

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. 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.

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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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.

Tools 36

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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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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Why Benchmarking Alone Isn’t Enough for Proper Transportation Cost Analysis

GlobalTranz

Given that our proprietary TMS, the Cerasis Rater , provides multiple reports, giving our shippers’ many insights, this post is quite appropriate, just like getting the data that is meaningful , in order to make the best decisions for your business possible. . Benchmarking as a Hard Rule within Transportation Cost Analysis Can Be Damaging. Do you benchmark yourself against yourself year over year or even if you know your industry well enough to get accurate data as a shipper?

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

GlobalTranz

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. What Is Supply Chain Big Data? Supply Chain big data is the ultimate compilation of data gathered in the course of business.

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5 more truckload shipping strategies for enterprise shippers

FreightWaves SONAR

However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. And these additional five shipping strategies can help enterprise shippers maximize recovery and boost profits.

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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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.

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Logistics Manager Analysis: ERP Systems… I want it all, and I want it now  – Logistics Manager Magazine

247 Customs Broker

But more data is being generated than ever before, and with artificial intelligence and mobile data changing… The post Logistics Manager Analysis: ERP Systems… I want it all, and I want it now – Logistics Manager Magazine appeared first on 24/7 Customs Broker News.

How Can Data Improve Supplier Decisions?

GlobalTranz

A growing trend across all industries has been the application of big data , with the use of algorithms and the hiring of data scientists becoming commonplace. As businesses collect and store an ever increasing amount of data, the algorithms required to make sense of this data will become even more valuable. Data, Data, Everywhere… but Make Sure your Drinking from the Right Hose. This process is referred to as ‘data cleansing.’.

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

FreightWaves SONAR

That’s where SONAR SCI Lane Acuity can add the most value and prepare enterprise shippers for true, future-ready bidding strategies. How contract data amounts to tactical bidding management. How to use data to stay strategic and lower costs across the board. .

The 5 Key Reasons Why Data Quality Is So Important

GlobalTranz

Editor's Note: Today's blog comes from Katie Cruze at considerdigital.com who give us the top 5 reasons why data quality is important. Data, for most companies, is often collected for record-keeping purposes. Data is collected when an inspection is completed, an employee’s performance is reviewed, and maintenance is recorded, or even when a safety meeting is conducted. For many companies, managing the quality data can seem like an overwhelming task.

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Predictive analysis: How it improves supply chain visibility

20Cube Logistics

Predictive analysis, today is part of all major business operations and processes to help forecast trends, events and to find solutions for complexities. According to Forbes, predictive analysis is mandatory in logistics as it relies heavily on accuracy and timeliness to achieve success. Reasons why one should not skip using the predictive analysis. Let’s look at some of the benefits of predictive analysis: Identifying real-time patterns and data accurately.

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.

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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. Carriers simply need to know where to send trucks and the proper freight rating or pricing strategies to use.

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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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 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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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.

Demo 70

5 Inventory Reduction Strategies to Drive Cost Savings

EazyStock

There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items. Here we’re going to focus on our favorite top five inventory reduction strategies. Which inventory reduction strategy is the best?

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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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

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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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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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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Editor’s Pick: Updating Your Planning Strategies to Industry 4.0

Talking Logistics

Are you on board? ” — I shared strategies to digitalize the planning office with advanced planning technology to keep abreast with in an industry that is increasingly replacing the human workforce with robotics to gain better efficiency, increase cost-savings and build higher agility. The onset of robotics, intelligent manufacturing and data-driven optimization enables standardization of processes crossing supply, production and distribution irrespective of product lines and categories.