FreightWaves SONAR

JUNE 5, 2023

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.

Supply Chain Planning Software 52

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3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms.

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Blue Grace Logistics

NOVEMBER 3, 2022

How to Prepare an Efficient Transportation Budget Show Submenu Resources. Learn how to build your shipping budget correctly. How to define your transportation needs. The economic forecast for the next six months and how it could potentially impact the amount of goods you need to ship during that period. . Whitepaper.

Efficiency 62

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Logistics Business Magazine

AUGUST 31, 2023

This article by SHIPSTA addresses six of the most common challenges that can surface in peak shipping season, while providing solutions on how to best address them. Running tenders, launching RFQs, analysing the outcomes and going through a truly data-driven decision process, can now become a matter of minutes instead of weeks.

Optimal Sourcing 57

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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. Using the tea kettle example above, let’s say the maximum number of blue tea kettles you’ve ever sold in one day is 45. Improving Data. Safety Stock =.

How To 52

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CH Robinson Logistics

DECEMBER 15, 2021

However, with this year’s volatility, I was also given a front-row seat to a new level of hyper collaboration – including individuals going out of their way to help each other, more strategy sessions between shippers and forwarders, and continually leaning into historical data and current market insights to find smarter solutions.

Sourcing Strategies 90

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Shipchain

MARCH 10, 2020

But dedicated managers have found a solution to help improve this part of delivery: data. Data is generated in all parts of last-mile delivery, and analysis of this information can help companies become proactive rather than reactive with their delivery methods. Benefits of Data for Last-Mile Delivery.

Data 62

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GoShip Blog

AUGUST 29, 2022

In this day and age where people’s data is being input into most, if not all, websites people are using; it is important that this valuable information is protected. Without proper data integrity, third parties or those with malicious intent may access your data without permission for their own personal gain.

Data 52

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Trinity Logistics

SEPTEMBER 16, 2021

Before we jump into how to reduce your transportation costs, it’s essential to understand what factors are causing them to rise. For example, you may discover that one carrier consistently adds accessorial charges while another compatible carrier does not. GET DATA-DRIVEN INSIGHTS. Are you taking the proper steps to do so?

Cost Reduction 75

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Logistics Viewpoints

MARCH 4, 2024

A good example is saying “What are my demurrage issues at the Port of Long Beach?” This check involves connecting carrier contract data and shipment dwell times. This kind of communication is more outcome-oriented,” Mr. “If you think about how people interact with our system, or any system, they have a bunch of mental checklists.

Modeling Software 131

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AIMMS

JULY 13, 2020

Additionally, most planning tools fail to incorporate the abstract data that’s required for this stage. How can you account for new products that don’t exist in master data? Often, demand planners are located in supply chain, where there is more data affinity. Pitfall #3: Demand is not owned by sales and marketing.

Scenario Planning 160

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FourKites

DECEMBER 23, 2020

As a case in point, here is an example from FourKites customer Eastman, which used FourKites to avoid delays and damaged goods through a hurricane in the southeastern US earlier this year. The post How to Improve Supply Chain Efficiency and Productivity with Visibility Data appeared first on FourKites.

Supply Chain Planning Software 52

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Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Sea Change—A Supply Chain Career is now seen as ‘Cool’.

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Trinity Logistics

JANUARY 19, 2024

Foundational Model This is where the training/learning takes place, where you’re teaching the AI how to look at things and look at input. Generative AI is first trained on a foundational model and then fine-tuned with human feedback and additional data. That is one example of a public version of Generative AI.

Supply Chain Software 116

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FreightWaves SONAR

APRIL 1, 2021

Generally, it follows the same basic process: Take the dimensional weight, for example, with a package that’s estimated to be eight pounds after calculating its dimensional volume and dividing that value by the DIM factor. In this example, the shipping rate would be based on the DIM pricing weight of eight pounds. Request a SONAR Demo.

Negotiating Skills 98

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Logistics Bureau

OCTOBER 29, 2020

Suppose you wanted to be the fastest runner in the world, for example. This is a question that frustrates businesses if they only have data that is anecdotal and subjective, and lack the quantitative hard data that really tells them what’s going on. Good Data is Key to Success with SCOR. Those levels are “benchmarks”.

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Logistics Viewpoints

JANUARY 31, 2024

In smart manufacturing, for example, the deployment of a multitude of sensors and devices for real-time monitoring of machinery, predictive maintenance, and quality control are primary use cases. These concerns mean that industrial companies need to carefully consider how to integrate this new technology into their long-term strategies.

Supply Chain Design Software 159

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 159

SYSPRO Smarter ERP

NOVEMBER 30, 2021

An enterprise resource planning (ERP) system can automate and provide a systematic approach to creating a forecast from historical data. It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

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Blue Grace Logistics

OCTOBER 7, 2021

What’s in this article: How to gain sustainability through digitalization and technology. For example, human and electric-powered bicycles, droids, combination drones, trucks, and collaborative cargo platforms are technology-based solutions that profoundly impact last-mile shipping. Some tips to become greener.

Waste Reduction 62

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Trinity Logistics

APRIL 24, 2023

Whether you’re new to refrigerated trucking or a veteran, it’s important your company knows how to properly transport temperature-controlled products, from pick-up through delivery. If this is not done and the shipper requests a reefer download after delivery, the data will be inaccurate. Well, that can depend on several factors.

Refrigeration 62

Refrigeration How To Temperature Trucking 62

EazyStock

MARCH 22, 2022

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. How to overcome demand forecasting challenges. Use appropriate historical data.

How To 52

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Logistics Bureau

NOVEMBER 8, 2021

If yours is not one of those businesses, and you’re confident in your KPI suite and the relevance of the data it provides, congratulations! So, for example, if your business competes strongly on price, you might go heavy on the cost-reduction side of supply chain management, setting objectives centered on savings.

Supply Chain Software 81

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Dedola Global Logistics

DECEMBER 16, 2019

As an international and domestic freight forwarder and 3PL, Dedola Global Logistics reduces customer costs by providing a crystal-clear freight logistics program designed to fit your specific requirements A good example of how we achieve our goal of providing our customers with world class services it our online shipment tracking system, Trackit!

Cost Reduction 98

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GoShip Blog

APRIL 27, 2021

BOL form example. Additionally, shippers, carriers, and third parties are notified automatically if any critical data fields are missing or incomplete. Without correct data on the document, shippers risk paying additional charges or experience shipment delays. Special instructions for the carrier. A picture of generic BOL.

How To 98

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Trinity Logistics

NOVEMBER 30, 2021

Order planning This will help you with routing, optimizing your delivery processes, integrating your delivery data, and getting a granular view of all transportation stages. Reporting This gives you more insightful data into your processes, so you can review expenses, carrier performance, and more to find what’s working and what’s not.

Supply Chain Design Software 87

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Logistics Bureau

OCTOBER 19, 2020

Suppose you wanted to be the fastest runner in the world, for example. This is a question that frustrates businesses if they only have data that is anecdotal and subjective, and lack the quantitative hard data that really tells them what’s going on. Good Data is Key to Success with SCOR. Those levels are “benchmarks”.

Supply Chains 62

Supply Chains How To Scenario Planning Cost Reduction 62

EazyStock

DECEMBER 13, 2021

For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. 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. Demand forecasts. Lead times.

Inventory 52

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Logistics Viewpoints

FEBRUARY 12, 2024

In smart manufacturing, for example, the deployment of a multitude of sensors and devices for real-time monitoring of machinery, predictive maintenance, and quality control are primary use cases. These concerns mean that industrial companies need to carefully consider how to integrate this new technology into their long-term strategies.

Supply Chain Design Software 127

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 127

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

Inventory Reduction Inventory How To Procurement Solutions 52

GoShip Blog

JULY 6, 2022

Besides clearing up the logistics process for people, shipping labels transmit crucial data to electronic databases. How to label a shipment? Despite the slight differences, all shipping labels contain core data on the freight. Thus the carrier will know how to treat your items to avoid freight damage. Secure the label.

How To 52

How To Material Savings Temperature Packaging 52

GlobalTranz

NOVEMBER 12, 2015

Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement. Order Processing Capabilities.

Data 91

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RPA Labs

JUNE 2, 2022

To improve efficiency at your back office, you have to strike the right balance between people, technology, processes and data. Document automation can extract data from documents, migrate it to your TMS or ERP system, and complete shipments without human intervention. Leverage data to drive efficiency. Bottom line.

Logistics Network Optimization Software 52

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Talking Logistics

MARCH 7, 2019

With last year’s capacity crunch, many shippers considered how to make themselves a shipper of choice, or preferred shipper for carriers. That involves cross-functional discussions between production planning and warehousing, for example, to smooth the flow of goods to the docks at the right times,” says Matt. “It Preferred shipper.

Cost Reduction 78

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GoShip Blog

AUGUST 2, 2022

How to increase brand awareness? For example, simple demographic data will show you the most active age group and their activities or occupations. This option benefits all the supply chain members by sharing the current location data and updating customers on the precise delivery time.

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Logistics Bureau

APRIL 5, 2021

Failure to Share Data. Another major issue is that people don’t share data enough. When I see 3PL relationships going off the rails, 55% to 65% of the time it is because accurate data wasn’t being shared sufficiently from the outset. Data about your products. Failure to Share Enough Information on Operations.

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