FreightWaves SONAR

APRIL 8, 2021

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.

Optimization Software 98

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FreightWaves SONAR

DECEMBER 16, 2020

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.

White Paper 98

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FreightWaves SONAR

FEBRUARY 10, 2021

Many of the most beneficial tools come from the utilization of data and analytics. Data and analytics provide carriers with an incredible wealth of information that has proven to bolster revenue and profits. How carriers create data-driven pricing strategies. Request a SONAR Demo.

White Paper 98

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WorkWave

DECEMBER 8, 2023

Tracking the percentage of shipments with real-time visibility data enables businesses to identify potential disruptions, enhance communication with suppliers and proactively address issues that could impact delivery schedules or inventory management. The post How to Measure Success: KPIs for Inbound Logistics appeared first on WorkWave.

Inbound 52

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RPA Labs

MARCH 10, 2022

Creating a standard for current operations better equips decision-makers to choose a data-driven processing option that doesn’t limit them to their platform’s restraints. . Are there data extraction limitations? Are there data extraction limitations? To see how RPA Labs can fit this bill, schedule your demo today.

Supply Chain Software 79

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FreightWaves SONAR

APRIL 1, 2021

How to track trends developing in long-term pricing agreements. Capture pricing data for LTL freight. Collecting, analyzing and applying real-time freight data and information can help ensure accurate and profitable rates are secured for each load. Request a SONAR Demo. Request a SONAR SCI Demo.

Negotiating Skills 98

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FreightWaves SONAR

NOVEMBER 5, 2020

Collect data and benchmark your carriers’ performance. Collect and benchmark carrier performance data. That might include collecting both internal data and using the resources available in SONAR, such as SONAR InGauge, to compare carrier data against the industry. . Request a SONAR demo online to get started.

Modeling Software 106

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Locus

JUNE 16, 2023

Read also: How to Calculate the Cost of Transport 2. Read also: What Makes Every Delivery More Efficient Than the Last How to reduce delivery costs of last-mile? In conclusion, the implementation of these strategies, backed by real-time data, can help businesses significantly trim their last-mile delivery costs.

Cost Reduction 98

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RPA Labs

NOVEMBER 3, 2020

Here are a few processes we’ve identified that contribute to an organization’s latency: Re-keying data from documents into systems. Document Automation — Many companies rely on employees to do data entry, document processing, shipment tracking, and invoicing. How to Budget for Automation in 2021 in 5 Steps.

Automation 55

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RPA Labs

FEBRUARY 10, 2022

Shipping document automation uses robotics processing automation (RPA) to extract data and appropriately sync it with an internal business system. While optical character recognition has been a traditional form of digitizing data, AI-powered document management can take the extracted text and properly classify it.

Document 74

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Ship Monk

MARCH 23, 2023

Today, we’ll cover what it means to have an inventory discrepancy, the most common causes, and how to avoid them. Data that is manually entered may be entered incorrectly. How to Avoid Inventory Discrepancies If you’re frequently experiencing inventory discrepancies, you need to make a change — maybe several changes.

Inventory Reduction 71

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Ship Monk

NOVEMBER 21, 2022

This article will explain what reorder points are and show you how to calculate them. How to Calculate a Reorder Point. How to Calculate Demand During Lead Time. Improving Data. Demand forecasting and inventory management rely on accurate data. What is a Reorder Point? There’s a formula for that!

How To 52

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FreightWaves SONAR

MARCH 18, 2021

So, it’s equally valuable to know the constraints and to apply data to overcome them with mini-bids. Request a SONAR SCI Lane Acuity demo to get started or click the button below. Request a SONAR Demo. Request a SONAR SCI Demo.

Manufacturing Procurement 91

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FreightWaves SONAR

FEBRUARY 1, 2021

This struggle can finally come to an end through the use of modern analytics and data management. Using analytics and data-driven tools , carriers can find more loads and avoid consequential expenditures, such as empty miles. . Carriers should start by applying data to stay strategic. Request a SONAR Demo.

Data 76

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Locus

OCTOBER 17, 2023

Today, teams are armed with data like never before, making the jobs of NFL scouts more efficient. But what is it about a data-driven approach that gives scouts the edge? Read Also: How to Manage Your Logistics during the Peak Seasons in the US? Looking to make informed decisions in dispatching like an NFL scout?

Cost Reduction 52

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Locus

OCTOBER 21, 2022

According to United States Census Bureau data , advance estimates for U.S. And then plan some more : Leverage data and insights to forecast festive season consumer behavior and plan your distribution networks, sourcing locations, and additional fleet requirements well in advance of the season. Schedule Demo.

Supply Chain Planning Software 52

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Ship Monk

MARCH 21, 2024

Customer relationship management systems collect and centralize all the important data about a business’ customers (and potential customers). This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.

Optimization Software 94

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WorkWave

OCTOBER 12, 2020

WorkWave’s virtual booth will offer three types of experiences for its visitors: live sessions including demos, pre-recorded sessions to view on-demand, and one-on-one appointments with its Genius Booth staff and executive leadership team. Attendees will also find information on WorkWave’s: . Media Contact: Brittany Boyle.

Optimization Software 98

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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

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Ship Monk

SEPTEMBER 14, 2022

How to Calculate Beginning Inventory. As a result, tracking and reporting data (such as beginning inventory) from day to day or month to month becomes oh so easy. Contact ShipMonk today for a demo of our proprietary eCommerce fulfillment software and discover how much easier calculating inventory costs and managing inventory can be.

Inventory Reduction 77

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RPA Labs

OCTOBER 28, 2021

High error rate due to outdated information and decisions based on inaccurate data. Poor data processing time leads to delays and backlogs, and scheduling conflicts. Improved email response processes, dervived from analyzing RPA aggregate data from email. ?Seamless

Supply Chain Software 52

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EazyStock

DECEMBER 13, 2021

A basic risk of stockout spreadsheet can be easily set up using the following data: Current stock items, items on order and in transit. Ensuring your Data is Accurate and Up-to-Date. EazyStock takes a feed of your current stock data and uses historical sales to forecast upcoming demand. Demand forecasts. Lead times.

Inventory 52

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EazyStock

MAY 11, 2021

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value.

Inventory Reduction 52

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FreightWaves SONAR

MARCH 17, 2021

Lane Acuity helps you know how difficult it is to cover loads for a given lane and using that information to your advantage in bidding and day-to-day operations. How contract data amounts to tactical bidding management. How to use data to stay strategic and lower costs across the board. . Request a SONAR Demo.

White Paper 98

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EazyStock

NOVEMBER 19, 2021

Using this information and her sales data from last month, she can work out safety stock for each showerhead SKU: Shower head A: (630 x 1.5) – (582.50 Instead of using historic consumption or sales data to calculate the forecast, they use probability distributions to model demand and account for variance. x 1) = 362.50

How To 52

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FreightWaves SONAR

JANUARY 12, 2021

However, peer, market and historical freight invoice data can help, and it’s essential to know why. Freight management parties still struggle with limited, outdated data. Freight management parties may not know where to turn for meaningful, actionable freight data. At the same time, data is not created equally.

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FreightWaves SONAR

MARCH 23, 2021

And rather than waiting until things go wrong, shippers, carriers and brokers can apply these seven last-minute thoughts can help bring to light what strictly a business should focus on and how to apply predictive rates to measure the likelihood of improved operations. Request a SONAR Demo. Request a SONAR SCI Demo.

Resource Reduction 98

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FreightWaves SONAR

DECEMBER 2, 2020

On this episode of #WithSONAR, co-hosts Luke Falasca and Kyle Taylor discuss how to automate workflows, improve service levels and expand operations for asset-based carriers. They discussed how Zaro Transportation leverages SONAR to improve and increase its business. Request a SONAR Demo.

Video 97

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FreightWaves SONAR

FEBRUARY 25, 2021

It always goes back to using data as a best practice for all aspects of freight management. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation. Download the White Paper.

Supply Chain Software 90

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FreightWaves SONAR

JUNE 14, 2021

Therefore, in the absence of hedging, CPG companies should utilize as much freight-related data as possible to mitigate freight costs more effectively and improve supply chain efficiency. Illustrations of how to do that are found in the following pages. Request a SONAR Demo. Request a SONAR SCI Demo.

White Paper 52

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FreightWaves SONAR

JANUARY 28, 2021

Enterprise shippers are looking for ways to capture and analyze more data Making the most of available technology has always been critical for fine-tuning a supply chain. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis. Request a SONAR Demo.

Waste Reduction 106

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FreightWaves SONAR

MARCH 2, 2021

Some of the most common issues that arise from a lack of accurate transportation cost analysis and data tracking include the following: Inability to track data and respond to it in real-time. . Limited data sharing within the chain. Lack of visibility and insight into common observable costs. . Download the White Paper.

Analysis 98

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FreightWaves SONAR

SEPTEMBER 16, 2021

FreightWaves’ flagship SONAR platform helps shippers to understand current market dynamics and provides actionable insights regarding how to handle the ever-shifting freight market. The SONAR data platform offers the fastest and deepest set of freight market data on the planet. Request a SONAR Demo.

Freight 98

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FreightWaves SONAR

DECEMBER 10, 2020

Predictive analytics is the process of taking the data gathered from everyday operations and converting it ‘into valuable nuggets of insight.’ Part of successfully implementing supply chain predictive analytics is knowing how to wield these tools properly. And that involves understanding them and knowing how they work.

Supply Chain Planning Software 95

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FreightWaves SONAR

FEBRUARY 2, 2021

Apply big data through advanced analytics to understand current load rates, including predictive modeling of future rates. Big data remains essential now during this recovery phase aimed at improving carrier operations. Carrier and trucking network performance hinge on collecting and practically applying data.

Tips 98

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FreightWaves SONAR

JANUARY 26, 2021

As such, carriers need to know a few things about freight load balance scoring and how to assess market conditions to avoid delays, balance their fleets and maximize profitability per load. Tips for applying data to balance freight load pressures on the network. Defining freight load balancing. Download the White Paper.

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FreightWaves SONAR

DECEMBER 23, 2020

If you do need to present a demo, PowerPoint, or other material on a call, then you will need to use your laptop. How SONAR aids those seeking how to be a successful freight broker. Whether you’re working from the office or from home, SONAR can provide you the data and intelligence you need to stay ahead of your competitors. .

Tips 96

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