Remove Data Remove Examples Remove Exercises Remove Transportation
article thumbnail

Build Resilience in Volatile Freight Environments

FreightWaves SONAR

Aggressive pricing/cost savings strategies have contributed significantly to creating a sustained volatility in the domestic transportation market. While the current market may not seem to be terribly chaotic from a shipping perspective, it is an extremely challenging situation from a transportation provider’s standpoint.

article thumbnail

Leverage freight data for confident demand planning

FreightWaves SONAR

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.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

6 Benefits of Applying Useable Data in Logistics For Continuous Improvement

GlobalTranz

We continue our series on strategic shipping by going into detail of the 10 main areas that shippers can turn to in order to have a strategic logistics and transportation management mindset. 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement. Performance Management.

Data 91
article thumbnail

Supply Chain Design: A Tool to Help Maximize Value

Logistics Viewpoints

Moreover, this exercise might need to be repeated several times depending on how the war proceeds. To solve this problem, we’ll need to do three things: understand the data, aggregate the data, and define the constraints. First comes the data and how well we understand it. Their time frame was short and resources limited.

article thumbnail

Supply Chain Design Crosses the Chasm

Logistics Viewpoints

Pop up warehouses, micro fulfillment centers, and warehousing-on-demand are all examples of how the nodes are becoming increasingly dynamic. The product flow paths and modes of transportation altered radically as well even without accounting for any network node changes, owing to port closures or shortages in various transportation lanes.

article thumbnail

Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. The transportation team supports 13 production facilities. An RFP is a data intensive exercise.

article thumbnail

3 Ways to Benchmark to Boost Supply Chain Performance

Logistics Bureau

If you’ve never done a benchmarking exercise before, read on. If, for example, you are concerned about the pick rates in your warehouse, or your transport costs, or your inventory accuracy, benchmarking can help you because it can show you exactly where your performance is compared to others in your industry.