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What Shipping Analytics Tools Should Freight Market Participants Have in Their Freight Stack?

FreightWaves SONAR

Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. Tracking shipment status is a core function of advanced shipping analytics tools. Download the White Paper.

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Why data is critical to freight routing guide compliance

FreightWaves SONAR

Routing guide failures are frequently caused by poor communication, misunderstandings, unclear guidelines, poor decision-making, outdated or missing data points, mismanagement of privately owned trucking fleets, and unavailability of automated tools and technology. Download the White Paper. Increased eligibility for shipper-of-choice status.

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New features in Market Dashboard+

FreightWaves SONAR

When operating minibids or short-term RFPs, or when pricing individual loads, it is important to understand the directional movement of freight trends in order to be proactive in your pricing strategy. New features are available in Market Dashboard+ that help users quickly identify trends and market movement.

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Making your carrier sales team as powerful as your customer sales team

FreightWaves SONAR

Unlike other tools in the market, the Lane Signal considers an abundance of data from multiple sources, not just dirty data that flows through one system like other industry tools. Using these tools can allow carrier representatives to book more loads and maximize the full potential of your carrier networks.

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SONAR Indices & Insights: Improve Freight Shipping Procurement with SONAR SCI’s Lane Acuity Plus

FreightWaves SONAR

In the screenshot above, you can see that the outbound and inbound stability show scores of 29 out of 100 and 21 out of 100, respectively. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions. Carriers will be able to see inbound and outbound stability on specific lanes.

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SONAR Indices & Insights: See changes in capacity and a sense of shipping rates with the Weighted rejection index (WRI)

FreightWaves SONAR

The WRI combines outbound tender market share (OTMS) and the weekly change in tender rejection rates (OTRIW). For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days. OTMS x OTRIW = WRI. Quickly understand capacity changes and impact on shipping rates daily with SONAR’s WRI.

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The role that ERP systems can take in helping IM&E

SYSPRO Smarter ERP

The adoption of digital strategies is a major feature of new strategies that manufacturers are planning. This requires looking at the digital tools that will be required to support them. The post The role that ERP systems can take in helping IM&E appeared first on SYSPRO Blog. The new normal for manufacturers.