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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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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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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FreightWaves SONAR releases Capacity Trend Indices

FreightWaves SONAR

FreightWaves SONAR is releasing new indices – Capacity Trend Market Scores and Capacity Trend Market Direction – to help shippers, carriers and brokers prioritize specific routes daily. The higher values represent more favorable trends.

FreightWaves SONAR releases Capacity Trend Indices

The Supply Chain Journal

FreightWaves SONAR is releasing a new set of indices whose sole function is to help shippers, carriers and brokers prioritize their attention each day – Capacity Trend Market Scores (CTSCV, CTSCR, CTSSV, CTSSR) and Capacity Trend Market Direction (CTDV, CTDR).

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.

The Daily Dash: Feds’ data being questioned

The Supply Chain Journal

A group representing makers of self-driving cars and trucks wants the Biden administration to reconsider its recent order mandating that manufacturers and operators of automated vehicles promptly report data involving certain crashes that occur while the automation technology is engaged.

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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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Freight Data Trends for 2019 and How a TMS Will Grow in Value

GlobalTranz

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. Shippers need to consider how the freight data trends will affect dropshipping, omnichannel shipping, reporting capabilities, and much more. Data Freight Omnichannel Transportation Management Trends

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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.

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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.

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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11 Warehouse Automation Trends in 2021

Conger

In this article, we show you the biggest warehouse automation trends in 2021 that could change your warehouse operations. For each of the trends, you’ll learn: What it is and how it works. 11 Warehouse Automation Technology Trends. 11 Warehouse Automation Technology Trends.

ATA’s American Trucking Trends provides detailed analysis of how trucking did in 2019

Logistics Management

That thesis was firmly supported in data issued this week by the American Trucking Associations (ATA) in its “ATA American Trucking Trends 2020 While 2019 was not the watershed year for trucking that 2018 was, it does not mean that 2019 was not a strong year for the sector.

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Third Party Logistics Market Overview With Demographic Data And Industry Growth, Latest Trends, Forecast – Cheshire Media

247 Customs Broker

This market research report provides a comprehensive and in-depth analysis… The post Third Party Logistics Market Overview With Demographic Data And Industry Growth, Latest Trends, Forecast – Cheshire Media appeared first on 24/7 Customs Broker News.

Why Logistics Service Providers & Shippers Use Freight Data to Gain Market Share

Turvo

This is where freight data recording and analysis can help with the supply chain’s internal adding value. . The Costs of Not Using Freight Data in Managing Logistics. Freight Data Increases Market Share. Best Practices in Using Freight Data. Get data in real-time.

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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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2020 Supply Chain Management Trends

EazyStock

Intro to 2020 Supply Chain Management Trends. Throughout the last decade, the main trends were digitization and globalization. 2020 supply chain management trends will further these shifts. So which of the new trends will you be embracing in the new year?

Samsara data points to increased digitization across industries

The Supply Chain Journal

technology and artificial intelligence are all driving digital transformation — and how the effects of the pandemic have accelerated the trend. The pandemic has accelerated a major shift to digitization for trucking fleets and industrial operations.

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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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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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Who orders $2,900 worth of perfume on DoorDash? That and other fun delivery trends from 2021

The Supply Chain Journal

In addition to analyzing order trends, DoorDash also commissioned Pollfish to conduct a survey of 2,000 U.S. But it was the data analysis that identified true changes in habits.

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.

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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.

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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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.

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.

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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.

Why These 7 More 2018 Trends in American Manufacturing Focusing on Standards & Process will Spur Growth

GlobalTranz

However, manufacturers must also look beyond systems and software, uncovering how better processes and strategy can enhance operation through these additional trends. Manufacturers Looks to Reduce the Skills Gap, a Consistent Issue When Talking Trends in American Manufacturing. Any conversation about trends in American manufacturing for 2018 would be incomplete without touching on the growing importance and impact of e-commerce.

Big Data And Your Carrier Profile

LandLink

Our industry is solidly in the realm of "Big Data". Big data is like any other data except there are massive amounts of it available from which your transportation providers estimate your overall value as a customer. Data analytics and predictive analysis have become the leading indicators of a company's future business levels. Data Analytics And Predictive Analysis Data Analytics is not overly complicated. Big Data Industry Trends

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Parcel TMS Analytics: There’s Gold in the Data

GlobalTranz

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. 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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Emerging Supply Chain Trends For 2019

LandLink

External pressures, technology trends and internal evolution are prompting companies to reevaluate their network to determine how their future supply chain should be structured, both in terms of capacity and capabilities. Data abundance will be used to draw insights on both short-term and long-term improvements to the supply chain and beyond using statistical analysis. This is precisely where a qualified 3PL can provide expertise in data analysis and supply chain design.

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 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. 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. Why outdated data hurts carriers in the short- and long-term.

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6 Transportation Management Trends for 2016

GlobalTranz

Some of these transportation management trends reflect real worries for the logistics industry. Take a look at six of the trends to watch for in transportation management this year. Outsourcing of Freight Data and Payment Management. Historically, the transportation management system of a given logistics provider has been the sole resource and method for data processing and managing the payment of all fees, duties, tariffs, and other charges for a shipment.