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[WHITE PAPER] How to measure freight data analytics value and why backtesting proves it

FreightWaves SONAR

In other words, supply chain leaders need to validate and measure the success (read “accuracy”) of data source analytics and how well they stack up to the observed market conditions. Request a SONAR Demo. The post [WHITE PAPER] How to measure freight data analytics value and why backtesting proves it appeared first on SONAR.

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How to Use Data to Improve On-Time Shipping Performance

FreightWaves SONAR

Therefore, enterprises need to know how to apply transportation data to increase on-time shipping performance. . Aggregate data from beyond the four walls of your business. Yet all benchmarking begins with access to the right supply chain data. Augment on-time shipping performance with freight data at your fingertips.

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 Why outdated data hurts carriers in the short- and long-term.

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[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. But analytics is a complicated topic, and knowing how to apply them can be difficult at best. Request a SONAR Demo. Request a SONAR Demo.

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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. This kind of real-time data analysis and application is essential for shippers to stay strategic and tactical as they forecast out contract and spot truckload rates. Data-driven insights provide a rubric for guiding RFP processes.

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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. That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too.

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[WHITE PAPER] How Data Powers Freight Brokerage ROI: Increasing load execution and broker profitability

FreightWaves SONAR

According to a 2016 McKinsey & Company report : “Data and analytics underpin several disruptive models. Introducing new types of data sets (”orthogonal data”) that can disrupt industries, and massive data integration capabilities can break through organizational and technological silos, enabling new insights and models.