FedEx CIO Attests to Data-Driven Strategies in Pandemic Times

IoT World Today

As organizations continue to adapt to the roller-coaster ride of 2020, some leaders’ pre-pandemic IT strategies brought business resilience even as COVID-19 struck. Data-Driven Strategies Become Core Value Proposition. Blockchain Still Core to FedEx’s Data-Driven Strategies.

Are You Strategic about Data-Driven Logistics Strategy?

Logistics Problem Solving

Logistics strategy has evolved over the past few years. This put a lot of pressure on shippers as the old strategy of yelling louder at their carrier was no longer effective to reduce costs. This created a big need in the market that has been filled through the advent of cloud computing, which allows large amounts of data to be collected and stored easily and inexpensively. The trend is now towards being data-driven with the data dictating the strategies.

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Are You Strategic about Data-Driven Logistics Strategy?

Logistics Problem Solving

Logistics strategy has evolved over the past few years. This put a lot of pressure on shippers as the old strategy of yelling louder at their carrier was no longer effective to reduce costs. This created a big need in the market that has been filled through the advent of cloud computing, which allows large amounts of data to be collected and stored easily and inexpensively. The trend is now towards being data-driven with the data dictating the strategies.

Estonia as an example of technology leader

Logistics at MPEPS at UPV

For example, the process of set up a new company doesn´t take more than 20 minutes what makes Estonia as one of the most entrepreneurship countries in the world and from where companies as Skype was set up. Other examples of successful policies of Estonia government is the develop of a system called x-Road which allows to share information between institutions. That technology allows security member to develop new encrypted data and make the system as invulnerable as possible.

How Do Supply Chain & Transportation Leaders Get Started Using Their Big Data Strategy?

Cerasis

The amount of information and improvement possible through big data can be overwhelming. Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. As a result, the simplest way of defining a big data strategy must begin with understanding how it will evolve and affect the company. . How to Get Started with Your Big Data Strategy. . This is where the explanation of big data begins. .

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Using Data to Improve Supply Chain Operations

Material Handling and Logistics

Learn how to organize your data operations in alignment with supply chain strategy. Complex supply chains generate more data, which companies can use to drive greater efficiency or engage in innovation that disrupts an entire industry—think Amazon. The prospect of using data to operate more efficiently and/or innovate is behind the impetus toward digital transformation that leaders across virtually every industry sector now pursue. Generating Value from Data.

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Using Data Collaboration to Aid Competitive Advantage

Logistics Business Magazine

In response, recent years have seen an encouraging shift from ‘gut instinct’ governance to objective, data-led decision making. LSPs are using their own data to make better decisions, react more responsively to market conditions and better forecast the future.

The Data Needed to Transform Supply Chains

Talking Logistics

Again and again, digitization and data were at the heart of panel and networking conversations. Even headline speakers were professing “data got sexy” and data is now a core strategy for companies looking to succeed. The Hackett Group provides a useful visual for describing the maturity stages that supply chain is moving through as the industry strives to leverage data and advanced analytics. We all know how the industry handles the data issue.

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4 Tips for carriers to maximize fleet asset utilization using data

FreightWaves SONAR

As a few examples, these are four critical KPIs to focus on: Owner-operator to driver ratio – A lower ratio here means more opportunities for in-house drivers who bring more affordable rates. . Capture and analyze data inside and outside of your network to benchmark performance.

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4 Important Benefits of a Sustainable Reverse Logistics Strategy

Cerasis

However, one of the most important aspects of supply chain strategies is often overlooked: the reverse supply chain (also referred to as reverse logistics ). A reverse logistics strategy provides a path for removing the existing equipment to make way for the next era of equipment in the case of end of life products or new upgrdes. In a sense, reverse logistics could be considered the “greenest” part of any business logistics strategy.

Logistics automation and the vitality of data integrity in supply chain advancement

FreightWaves SONAR

Through data-driven transportation management , carriers can finally become more strategic and tactical, thriving through good and bad times. Achieving that goal hangs on a carrier’s ability to capture meaningful data. Poor tender acceptance strategies.

2021 Strategies for Inventory Management and Supply Chain Recovery

EazyStock

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. For example, did you take out a loan through the Paycheck Protection Program ?

Autonomous trucking logistics and the vitality of data integrity in supply chain advancement

FreightWaves SONAR

Through data-driven transportation management , carriers can finally become more strategic and tactical, thriving through the good and bad times. Achieving that goal hangs on a carrier’s ability to capture meaningful data. Poor tender acceptance strategies.

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Parcel TMS Analytics: There’s Gold in the Data

Cerasis

Data-driven analytics enables you to make cost-effective transportation decisions. However for most shippers, parcel spend is poorly understood because shipping data is often locked up in point solution silos, such as carrier-provided systems and websites, in a variety of different formats. The first step is to collect all the data required to support optimal decision-making within the shipping function. Data TMS

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6 Benefits of Applying Useable Data in Logistics For Continuous Improvement

Cerasis

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. Shipping processes revolve around a million-trucks-worth of data. Take a look at how your data can be used for continuous improvement across your organization.

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Why A Successful Transportation Management Program Is Empowered By Data

Cerasis

6 Benefits of Applying Useable Data in Logistics For Continuous Improvement. In this post we will talk about how you can improve your transportation management program by focusing on using data, extracted from the use of technology, such as a transportation management system, that then people can use to continuously improve. The Use of Data to Create a Successful Transportation Management Program. Businesses are often left with questions about the origination of such data.

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How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology. Ask Traditional Questions, and Let Big Data Provide Answers. Data Leadership Supply Chain

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How Freight & Transportation Data Can Trim Your Transportation Spend

Cerasis

When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Without hard data, you can’t take action. When enterprises try to act in the absence of data, they are usually guessing and won’t get the results they need. However, as we’ve noted in a previous post, getting the right data is key as well. Luckily, this isn’t the case for transportation data.

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Strategies for Embracing the Internet of Things

Supply Chain Brain

While they might embrace the underlying concept of the IoT, they’re dubious about their ability to manage the resulting flood of data in a meaningful way. How, for example, can they distinguish between information that’s relevant to the organization, and that which is useless? How can they respond in a timely manner to the rapid and unrelenting flow of data from countless devices hooked up to the internet? A fair number of companies are leaning toward the latter view.

What’s Big Data in Supply Chain & Logistics? Why Should I Be Looking at This Tech Trend?

Cerasis

Data reflect all the small, seemingly insignificant details of the modern world. From a review of your personal bank account spending habits to larger, more advanced processing capabilities, data evolve and expand with each passing day. It is real, and the volume of data being produced every 48 hours rivals that of all data and information gathered over thousands of years of human history, explains Bernard Marr. Big data in supply chain is not a new concept.

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Why the Right Strategy to Managed Inventory Hinges on Clear, Concise Communications

Turvo

For example, utilizing a collaborative logistics platform that brings together all existing supply chain systems of record to create a single pane of glass is one opportunity to leverage a better communications channel in managed inventory strategies.

5 Tips for Achieving the Most Out of Your Supply Chain Data

Cerasis

In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supply chain data can have a big impact on their bottom line. Obstacles to fully utilizing analytics included inaccurate data , cost, and lack of timely data. for example, used predictive analytics to make changes in their inventory processes and have since seen an increase in their production and purchase orders. Supply chain data initiatives need a top-down mandate.

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Develop a Strategy to Combat Dimensional Pricing

LandLink

This strategy ultimately led to unprofitable operation ratios, subpar delivery performance and ultimately the bankruptcy of some major carriers. Interestingly New Century transport, which was founded by Jevic‘s founder, adopted a similar strategy ending in the exact same fate. The ability to double stack pallets is a prime example.

Overcoming Retailers Delivery Requirements with Data Reporting

Transplace

Overcoming Retailers Delivery Requirements with Data Reporting . This next-gen inventory strategy has put pressure on businesses to meet growing consumer demands by having products where and when they want them. For example, the Journal of Commerce recently reported, “as of April 1, 2018 shippers sending truckloads to one retailer have to deliver on the scheduled arrival date at least 85% of the time or face a penalty based on the value of the products shipped.

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How to Put Data Science to Work for Your Supply Chain

Transplace

How to Put Data Science to Work for Your Supply Chain. By: Matt Harding, Senior Vice President of Data Science, Transplace. In order to grow in a rapidly evolving marketplace, organizations must possess the ability to use advanced algorithms and data analytics to generate the next wave of supply chain value. But how does a business know if it’s getting the most out of its data? Data Science is Simply a Process – Business Value is the Goal.

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German-Asian Export Strategy in 8 Simple Steps for Every Small to Medium Sized Business Owner

Freight Hub

And with these factors as your tailwind we think that the following 8 strategies will take your business to the next level. Of course, the question of costs, taking into account the capital required to cover production, operating costs as well as completion of the goods, is an essential decision criterion for choosing the right export strategy. Check out our guest post on how data is actually the key to an improved supply chain. Logistics logistics Export China strategy Asi

5 Inventory Reduction Strategies to Drive Cost Savings

EazyStock

There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items. Here we’re going to focus on our favorite top five inventory reduction strategies. Which inventory reduction strategy is the best?

What Does the Future Hold for Big Data Applications at My Company in the Next 5 Years?

Cerasis

Big data applications are already impacting supply chain entities around the globe, but some of its most interesting possibilities may have yet to be realized. Since the digital universe will expand to more than 40 trillion gigabytes by 2020, reports Jim Taylor of Inbound Logistics , future possibilities through big data may not even be fathomable. However, the current progression of big data does give rise to some very tangible benefits to your company within the next five years.

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Supply Chain Data Visibility Paramount as Industry Lurches into Next Chapter

IoT World Today

Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk. Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “If

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Omnichannel Retail Strategy: Not just a Buzzword, But a Business Model

Cerasis

An omnichannel retail strategy is the new norm in today’s supply chains. Therefore, an omnichannel retail strategy must become the new standard business model for companies wanting to remain competitive. As explained by James Pepper of ITProPortal , retailers that have not yet deployed connected technologies, tracking systems, and integrated e-commerce platforms, are simply unable to make the transition into an omnichannel retail strategy.

The State of Supply Chain Trends Part IV: Data Analysis, Wearables, and the Cloud

Cerasis

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Powered by an increasing number of connected devices via the Internet of Things , automated data entry is empowering usable data and allowing more companies to replace legacy systems or integrate new technologies with existing systems. Data analysis is the companion of cloud-computing technologies.

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How a Supply Chain Excellence Strategy Helps Organizations Grow

Morai Logistics

A recent halt in market growth for retail leader Adidas, reminds organizations about the importance to assess their supply chain excellence strategies. To grow in an ever changing global market, organizations must strive to implement a long term supply chain excellence strategy. And, as evident from the above example with Adidas, it can also impact organizations of many different sizes. Learn how to take the right data and turn it into insightful information.

Supply Chain Analytics: A Continued & Renewed Focus on Using Data for Improvement

Cerasis

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. As the supply chain grows increasingly focused on meeting the demands of an increasingly data-driven and customizable world for consumers and business to business partners, the need for continual improvement and better visibility will continue to drive analysis of available supply chain analytics.

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4 Ways to Optimize Your Shipping Network Strategy

Cerasis

When creating a strategy to optimize your shipping network, you must keep in mind that each new warehouse should accomplish 3 goals: Decrease your cost per package Lower the amount of time your customers wait for their packages Optimal redistribution of packages to new and existing warehouses These factors should result in a determination of how many new warehouses you should add, and where. A shipping network strategy must consider shipping profiles for different times of the year.

Look Before You Leap: Avoid Unintended Consequences with Your Logistics Strategy

Logistics Problem Solving

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. It is much better to look before you leap and test against historical data before you deploy. Testing is not only a good idea, it is crucial to developing a logistics strategy. Without testing you are not going to know the full impact of the strategy, positive or negative, until it is deployed.

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