FreightWaves SONAR

NOVEMBER 19, 2020

According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.

Supply Chain Software 105

Supply Chain Software Supply Chains Sourcing Strategies Scenario Planning 105

Shipchain

JUNE 25, 2019

We must embrace the possibilities of Big Data, the Internet of things, blockchain technology, predictive analytics, and the growing unrest that these things bring to the industry. The Internet of Things (IoT) serves as a mean for connecting systems together, and Big Data analytics give supply chain leaders insight into granular data.

Supply Chain Software 61

Supply Chain Software Supply Chains Digital Logistics Network Optimization Software 61

FreightWaves SONAR

MARCH 4, 2021

That’s where data analytics comes in.” Gaining in-depth insights and current data about the supply chain, load statuses, and consumer demands can make it easier for enterprise sippers to adjust and plan. Thus, modern advances in data collection and analytics have made it significantly easier to automate this process.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

FreightWaves SONAR

FEBRUARY 18, 2021

Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. And it’s critical to know how carriers can tap data and analytics technology to boost driver morale and attract more talent. . Request a FreightWaves SONAR demo to get started by clicking the button below.

Waste Reduction 97

Waste Reduction Trucking Freight Optimization Software 97

FreightWaves SONAR

DECEMBER 21, 2020

Using real-time data , freight managers can finally begin to recognize their opportunities for better business relationships. Of course, that depends on securing shipping data insights well in advance of disruptions’ arrival. Taking this action amounts to a more proactive, productive shipping strategy.

Negotiating Skills 76

Negotiating Skills Trucking Price Reduction Cost Reduction 76

FreightWaves SONAR

APRIL 29, 2021

That has also increased the pressure on retailers to keep other freight and logistics costs low with more capital and expense being dedicated to the development of new omnichannel strategies. . Using SONAR data in contract negotiations with carriers and 3PLs. . Those use cases include: . Evaluating truckload to intermodal conversion.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

Locus

MARCH 27, 2024

Mix it up with omnichannel Omnichannel retailing , the strategy that integrates all shopping channels like online or in-store isn’t just a buzzword—it’s a cost-saving revolution for retail businesses. In essence, omnichannel strategies turn logistical challenges into advantages, making deliveries more efficient and cost-effective.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

Ship Monk

JULY 27, 2022

We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! Luckily, this is one problem that doesn’t require divination to solve. Let’s dive in.

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Ship Monk

NOVEMBER 21, 2022

Others take an educated guess and hope for the best, which isn’t a strong strategy either. Average lead time is 30 days, including manufacturing and shipping, and over the course of a year you sell an average of 29 units per day. Improving Data. Demand forecasting and inventory management rely on accurate data.

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52

Logistics Business Magazine

MARCH 30, 2022

To develop a method to analyse and contain CO2 consumption and emissions deriving from the automatic packaging processes of Sitma lines with a specific focus on e-commerce solutions and then define a go-to-market strategy. However, the company wanted to go a step further and look for tools able to provide objective data and values.

Packaging 53

Packaging Supply Chain Software Material Savings Logistics Network Optimization Software 53

Ship Monk

DECEMBER 15, 2023

We also hope you’re paying close attention to the data coming in because this will become your baseline for many BFCM seasons to come. Mature ecommerce businesses use every source of data they can get their hands on, from shopping platform analytics to inventory and fulfillment platforms. Did you run out of inventory?

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

Locus

AUGUST 29, 2023

That’s how the man dominated the field with his strategies in quarterbacking and his role in winning tournaments. He collects every ounce of data and expands on it to find out what more he could do as a player or team to win a game. Data is the quantitative mirror of how an organization or a team performed during a period.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Cost Reduction 52

FreightWaves SONAR

DECEMBER 30, 2020

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. Throughout the supply chain, data-driven transportation management’s success is only as good as the data quality and integrity in use.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

FreightWaves SONAR

JANUARY 21, 2021

And of course, it hinges on the ability to understand and maintain consistency in your metrics. . Capture and analyze data inside and outside of your network to benchmark performance. The biggest barrier to efficiency in supply chain agility rests with an inability to see, capture or analyze freight data.

Data 98

Data Sourcing Strategies Tips Optimal Sourcing 98

Ship Monk

FEBRUARY 9, 2024

The process usually includes analyzing historical data for seasonal trends and product performance, as well as gathering current data on competitors, marketplace trends, future marketing plans and promotions. All of them rely on data, whether you’re using historical data or new findings gathered from consumer research.

eCommerce 87

eCommerce Inventory Reduction Operations Modeling Software 87

FreightWaves SONAR

DECEMBER 17, 2020

Predictive analytics are among the most iconic ways freight managers can derive more value and streamline logistics through freight data. But predictive data analytics are only as valuable as the quality, integrity and actionability of data. That’s where the real benefit of predictive data analytics comes into play.

Supply Chain Software 52

Supply Chain Software Supply Chains Waste Reduction Expense Reduction 52

FreightWaves SONAR

MARCH 1, 2021

The algorithm ingests millions of data points, including but not limited to tender data, operational costs, and demographic information and projects them 28 days into the future. . The weighted average calculation weights each lane’s value based on volume derived from tender data. excluding lanes under 250 miles in length).

Data 59

Data Modeling Software Price Reduction Cost Reduction 59

Turvo

JUNE 16, 2020

Of course, customers always want a demo and assurance that they have chosen the right option, so third-party logistics companies that can provide immediate access to shipment-level information at any time will always win out in both collaboration and ability to flex to meet changes and disruptions within the supply chain.

Logistics Network Optimization Software 64

Logistics Network Optimization Software Sourcing Strategies Cost Reduction Expense Reduction 64

Ship Monk

MAY 25, 2023

Now, thanks to 3PLs like ShipMonk, smaller ecommerce merchants can take advantage of this inventory distribution strategy to decrease order shipping times and reduce shipping costs. Of course, you can manage your own warehouses and fulfillment, but the upfront costs make it a steep climb. How Do Orders Get Processed?

Inventory Reduction 52

Inventory Reduction Inventory eCommerce Distribution 52

FreightWaves SONAR

APRIL 16, 2021

Real-time visibility and data into all things freight shipping is a supply chain gold standard. And nearly one-half of the industry’s freight market participants can see their data in real-time. Unfortunately, that doesn’t always amount to capturing real-time data outside of an individual company’s four walls. Now consider this.

Data 52

Data Supply Chain Planning Software Resource Reduction Freight 52

FreightWaves SONAR

MARCH 12, 2021

Unfortunately, interpreting the data received is never straightforward. Erratic behavior in said data can lead to inaccuracies and confusion for carriers if the activity fails to conform to set standards. Even worse, data that isn’t monitored amounts to lost opportunities for improved efficiency.

Supply Chain Software 97

Supply Chain Software Optimization Software Logistics Network Optimization Software Tools 97

FreightWaves SONAR

JANUARY 15, 2021

Of course, time sensitivity, warehouse capacity, and more factors will influence rates. Meaningful, easy-to-understand data concepts and visualization will affect accept-or-reject decisions. It all comes down to seeing what’s happening and acting on that near-real-time data. Request a SONAR Demo.

Trends 64

Trends Trucking Supply Chain Planning Software Optimization Software 64

FreightWaves SONAR

DECEMBER 4, 2020

Within the ever-changing shipping and freight management market, there is an underlying need to know and understand shipping data trends running throughout the industry. Data infrastructure has changed with cloud infrastructure, complex event processing (CEP) and the Internet of Things.

Transportation 80

Transportation Supply Chain Planning Software Supply Chain Software Modeling Software 80