Remove Data Remove Demo Remove Reliability Remove Strategy
article thumbnail

Mapping the trucking market: How data tracks freight economy, rates, capacity, volumes and rejections

FreightWaves SONAR

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.

article thumbnail

Why you need a good supply chain strategy

EazyStock

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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 Why outdated data hurts carriers in the short- and long-term.

article thumbnail

Data analytics for logistics drives reefer efficiency via a real-time forecast

FreightWaves SONAR

Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. However, the data [that powers them] hasn’t previously been utilized to its full capacity until recently.” Take the example of RCRPMF.USA in the image. last year and $2.19 the year prior.

Data 97
article thumbnail

[Infographic] Freight Shipping Data: Comparing the Gold Standard of Real-Time Data vs. Lagging, Stale Data

FreightWaves SONAR

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
article thumbnail

Big data and inventory management

EazyStock

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.

article thumbnail

Supplier Relationship Management: Expert Guide for Field Service

WorkWave

From selecting the right suppliers to fostering strong partnerships, this guide will provide valuable insights and strategies for field service organizations looking to enhance their supplier relationships. It involves effectively collaborating with vendors to ensure a reliable and high-quality supply chain.