SYSPRO Smarter ERP

JULY 3, 2023

What is Machine Learning ML is the computing engine behind AI and gives computers the ability to make sense of, and learn, from data to perform specific tasks without manual interference. Nine areas where AI can help manufacturers There are several ways in which data and AI can be applied in the manufacturing industry. The Industry 4.0

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Data Optimization Software 98

FreightWaves SONAR

DECEMBER 9, 2020

Most freight brokers have to source their own freight broker leads. Here are six tips for sourcing freight broker leads that will minimize the time and resources required to source and research shipper leads. . 6 Tips to source freight broker leads. #1: One challenge comes from the term “shippers.” 3: Conference agendas.

Sourcing Strategies 105

Sourcing Strategies Purchasing Skills Sourcing Tips 105

SYSPRO Smarter ERP

JANUARY 9, 2023

Manufacturers increasingly turning to data and analytics, from an ERP system, to support business initiatives. Data is after all the fuel that runs the Fourth Industrial Revolution. Challenges to using data. Many manufacturers are data-rich but when it comes to using it they are insight-poor.

Manufacturing Procurement 111

Manufacturing Procurement ERP Data Logistics Network Optimization Software 111

FreightWaves SONAR

JULY 10, 2023

Businesses are prioritizing the speed of data propagation within their supply chains. This includes sourcing materials, working with vendors, managing warehouses and transportation, and coordinating with retailers to ensure they can meet the changing demands of consumers while remaining profitable. and Target Corp.

Data 52

Data Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 52

3PL Links

MAY 3, 2023

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

EazyStock

AUGUST 28, 2023

In the rapidly evolving business landscape, staying ahead of the competition requires more than just good instincts – it demands data-driven decision making. When it comes to inventory management, relying on gut feelings and historical data may lead to inefficiencies, missed opportunities and incorrect inventory levels.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

FreightWaves SONAR

SEPTEMBER 3, 2021

The FreightWaves SONAR Supply Chain Intelligence (SCI) platform now features emissions calculations that are compliant with the GLEC Framework, deepening its carbon intelligence data. The post Carbon intelligence data improved in FreightWaves SONAR SCI appeared first on SONAR.

Optimal Sourcing 94

Optimal Sourcing Data Logistics Network Optimization Software Supply Chains 94

FreightWaves SONAR

JUNE 5, 2023

Lack of data, lack of conviction and lack of organizational agility all conspire to keep companies from recognizing medium-term opportunities and challenges and responding decisively. It’s hard to find good data that provides a view into the next few months of consumer behavior and economic activity.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Data Freight 52

GoShip Blog

NOVEMBER 15, 2023

Now, scale that up to the world of freight shipping, where a small data slip can mean big money lost. In the freight shipping industry, the accuracy of freight data is more than just a detail. Every day, countless shipments crisscross the nation, each with its data points: weight, dimensions, type, and destination.

Cost Reduction 52

Cost Reduction Supply Chain Planning Software Sourcing Strategies Data 52

FreightWaves SONAR

NOVEMBER 24, 2020

Supply chain intelligence and actionable insights must apply the most accessible, near real-time data available. Analytic data resources for brokers are great, but it’s equally important to realize that FreightWaves SONAR is much more than a broker-exclusive resource. Market dynamics of freight management can turn on a dime.

Data 105

Data Supply Chain Planning Software Resource Reduction White Paper 105

FreightWaves SONAR

MARCH 10, 2021

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. The post [WHITE PAPER] How to measure freight data analytics value and why backtesting proves it appeared first on SONAR. Request a SONAR Demo.

White Paper 98

White Paper Data How To Supply Chain Software 98

GoShip Blog

AUGUST 29, 2022

In this day and age where people’s data is being input into most, if not all, websites people are using; it is important that this valuable information is protected. Without proper data integrity, third parties or those with malicious intent may access your data without permission for their own personal gain.

Data 52

Data Optimal Sourcing Optimization Software Security 52

Log-hub

MAY 22, 2024

This blog post delves into the intricacies of multi-tier supply chain analytics and optimization, exploring its significance, methodologies, benefits, and challenges. Type of Multi-Tier Supply Chain Analytics DESCRIPTIVE ANALYTICS : Involves analyzing historical data to understand past performance and identify trends.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

Log-hub

MAY 22, 2024

This blog post delves into the intricacies of multi-tier supply chain analytics and optimization, exploring its significance, methodologies, benefits, and challenges. Type of Multi-Tier Supply Chain Analytics DESCRIPTIVE ANALYTICS : Involves analyzing historical data to understand past performance and identify trends.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

EazyStock

JUNE 23, 2022

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Unstructured data isn’t as accessible to search or export and is often text-heavy.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

FreightWaves SONAR

MARCH 16, 2021

Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. These accurate depictions of the market come from the tracking of data. Businesses that have better access to more data have distinct advantages.

Expense Reduction 93

Expense Reduction Price Reduction Data Capacity 93

FreightWaves SONAR

APRIL 13, 2021

With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.

Negotiating Skills 97

Negotiating Skills Optimal Sourcing Sourcing Strategies Data 97

Parade

MARCH 18, 2019

Starting with Location Data Creating a carrier system of records and intelligence system will be the first step towards freight brokerage digitization. Brokerages must think of an alternative data source outside of tribal knowledge to procure high quality and profitable carrier capacity.

Optimal Sourcing 84

Optimal Sourcing Data Capacity Price Reduction 84

Parade

FEBRUARY 4, 2019

Starting with Location Data A robust carrier intelligence (Link to Article) system uses a mixture of data sources to procure capacity in an intelligent manner. Brokerages must think of an alternative data source outside of tribal knowledge to procure high quality and profitable carrier capacity.

Optimal Sourcing 60

Optimal Sourcing Data Sourcing Strategies Price Reduction 60

Blue Grace Logistics

APRIL 1, 2024

LLMs fueling data-driven decision-making LLMs have stormed the tech landscape in recent years, and their applications in supply chain management are nothing short of transformative. The answer lies in data. In the ever-evolving world of logistics, data reigns supreme.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Optimization Software Supply Chain Planning Software 111

FreightWaves SONAR

JANUARY 11, 2021

And the transportation and shipping industry has a choice to make – to take advantage of trucking data or to ignore it, continuing as before. . Access to data and proper analysis are both essential to maximize profits and reduce costs. Real-time trucking data helps to secure more capacity and better shipping rates.

Data 59

Data Capacity Optimal Sourcing Trucking 59

The Logistics of Logistics

NOVEMBER 3, 2020

Richard writes the DC Velocity blog on Analytics and Big Data. Combining the power of supply chain expertise, data governance, and machine learning, Competitive Insights ’ cloud-based solutions search, find and highlight opportunities to increase revenue, reduce costs, increase efficiency and continuously drive profitable performance.

Supply Chains 195

Supply Chains Optimal Sourcing Sourcing Strategies Resource Reduction 195

FreightWaves SONAR

APRIL 5, 2021

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.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

Camelot 3PL Software

MARCH 5, 2024

In this blog post, we’ll delve into the world of mobile barcode scanning within 3PL warehouses, exploring its benefits, best practices, and how it impacts productivity. Real-Time Data : Mobile scanners provide real-time data on inventory levels, order status, and location. Why Mobile Barcode Scanning Matters 1.

3PL 59

3PL Inventory Reduction Optimal Sourcing Resource Reduction 59

FreightWaves SONAR

JANUARY 25, 2021

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.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

FreightWaves SONAR

DECEMBER 29, 2020

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. And it’s in this space where big data analytics can add the most value.

Data 52

Data Negotiating Skills Transportation Supply Chain Software 52

SYSPRO Smarter ERP

AUGUST 7, 2023

In one of my previous blogs, “The Importance of Building a Business Case for ERP,” we looked at the significance of strategic planning and creating a solid business case before embarking on an Enterprise Resource Planning (ERP) implementation journey. With an ERP, all departments are looking at the same data.

ERP 98

ERP Manufacturing Procurement Optimal Sourcing Procurement Analytics 98

FreightWaves SONAR

JUNE 3, 2021

SONAR data show that the freight market for inbound Detroit loads is highly volatile based on auto production trends – inbound Detroit loads should be less expensive when OEMs are sourcing a lot of components as assembly volumes ramp up. Source: SONAR). Source: SONAR). Source: SONAR). Source: SONAR).

Negotiating Skills 52

Negotiating Skills Data Freight Inbound 52

SYSPRO Smarter ERP

JANUARY 5, 2022

decision-making by using data and creating more accurate predictions. Data is the key ingredient for AI. The amount of data required depends on the goals of AI. For longer-term decision assistance, very large volumes of data are needed – the millions of rows. Do not underestimate the data challenges.

Manufacturing Procurement 124

Manufacturing Procurement Supply Chain Planning Software Modeling Software Optimization Software 124

Morai Logistics

AUGUST 23, 2018

Industry experts believe that supply chains must continue to utilize Big data to improve efficiency, transparency and immediacy. . In 2012, the New York Times published an article entitled “The Age of Big Data”. Experts in the field of supply chain and logistics, consider data to be an asset in optimizing operations.

Supply Chain Software 60

Supply Chain Software Supply Chains Optimal Sourcing Data 60

FreightWaves SONAR

MARCH 19, 2024

Photo by Jim Allen Drayage is a tricky market to dissect with a data solution. While SONAR doesn’t contain drayage rates yet, certain data sets provide a look forward at demand that can help carriers be nimble with timely adjustments to rates. It also means that carriers may need to source additional 40’ chassis to service that demand.

Inbound 64

Inbound Data Sourcing Freight forwarding 64

GlobalTranz

JUNE 29, 2017

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. For many companies, managing the quality data can seem like an overwhelming task.

Data 77

Data Waste Reduction Sourcing Strategies Expense Reduction 77

FreightWaves SONAR

NOVEMBER 17, 2020

More freight brokers are turning to technology and transportation data to grow their businesses by understanding the true freight market rate. . It’s not solely about knowing basic rates – it’s about using freight data to make the best decisions for all loads – playing both the buy-side and sell-side aspects of freight brokering.

Data 52

Data Sourcing Strategies Transportation Freight 52

SYSPRO Smarter ERP

AUGUST 2, 2023

To contend with these pressures, medical device manufacturers crave actionable, real-time, accurate, and reliable data throughout the entire supply chain. Acquiring and consolidating data can be a formidable task, however, especially when data is scattered across different systems and formats.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 98

Logistics Viewpoints

MAY 28, 2024

Figure 1: Technologies that have/will be deployed to mitigate labor worker shortages Source: Descartes & SAPIO Research Real-time shipment tracking is the top tech choice to improve the productivity of knowledge workers. He has a Bachelor of Science in Electrical Engineering from Lehigh University.

Supply Chain Software 138

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Supply Chains 138

Blue Grace Logistics

JULY 17, 2023

Wholesale Weakness Slowing US Inventory Destocking Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - July 17, 2023 The effort to cut inventories is being slowed as consumers reduce goods purchases, forcing companies to continually rebalance inventory. A ratio of 2.5

Inventory Reduction 84

Inventory Reduction Inventory Manufacturing Procurement Resource Reduction 84

SYSPRO Smarter ERP

JUNE 9, 2022

Manufacturers rely on data and their ERP platform to answer critical questions: What are our inventory levels? After all, data is the foundation of digital transformation, and according to McKinsey the pandemic caused companies to accelerate their digital transformation plans by three to four years.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Software 98