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.

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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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. Meanwhile, stakeholders do not get to reap the rewards of this new tech trend , and the overall enterprise suffers without realizing it. Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. How to Get Started with Your Big Data Strategy. . This is where the explanation of big data begins. .

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Freight Data Trends for 2019 and How a TMS Will Grow in Value

Cerasis

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. Shippers need to consider how the freight data trends will affect dropshipping, omnichannel shipping, reporting capabilities, and much more. Data Freight Omnichannel Transportation Management Trends

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5 Transportation Data and Insight Reports to Guide Freight Brokers

FreightWaves SONAR

More freight brokers are turning to technology and transportation data to grow their businesses by understanding the true freight market rate. . Predictive rates are another critical SONAR feature that helps freight brokers use transportation 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 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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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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How Can Data Improve Supplier Decisions?

Cerasis

A growing trend across all industries has been the application of big data , with the use of algorithms and the hiring of data scientists becoming commonplace. As businesses collect and store an ever increasing amount of data, the algorithms required to make sense of this data will become even more valuable. Data, Data, Everywhere… but Make Sure your Drinking from the Right Hose. This process is referred to as ‘data cleansing.’.

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Trends 2021: Warehouse Automation

Logistics Business Magazine

Data is an invaluable asset and its power is only unlocked if it is actioned at the right time to the right person to drive an improved outcome. Several dynamics and trends are impacting the warehousing and supply chain landscape.

The Takeaway from CSCMP Conference: The Data Problem Runs Deep

Talking Logistics

The industry is moving in an unprecedented direction that is increasingly digitized and more data-centric than ever, and logistics leaders are looking to increase efficiency with artificial intelligence (AI). However, logistics leaders all know that in order to leverage advanced analytics and AI, they must first solve the core “data challenge.” And at the conference it was clear that the data problem is still huge and everyone needs a better way to solve it. The Data Problem.

Technology Trends in Road Freight

GoShip Blog

Certain trends in the transportation and trucking industry are placing a focus on certain road freight technology. What are the key technology trends in road freight? Electronic logging devices and similar tools for truckers will create extensive, connected networks and will ease the data distribution across shippers, carriers, and consignees. This, in turn, leads to data-driven decision making, which 93% of companies believe to be the most efficient supply chain strategy.

5 reasons why real-time freight data is for freight market decisions

FreightWaves SONAR

Successful supply chain management depends on the ability to collect data and apply it accordingly. As explained by Grainger , “In today’s global economy, technology trends like the Internet of Things (IoT) and Big Data have become an indispensable part of everyday business.

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.

Carrier freight pricing guidance: the value of peer, market, & and historical freight invoice data

FreightWaves SONAR

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.

Why These 7 More 2018 Trends in American Manufacturing Focusing on Standards & Process will Spur Growth

Cerasis

Manufacturers are looking for ways to explore new technologies, reinvent manufacturing strategy, enhance troubleshooting, bringing manufacturing closer to consumer and levy the power of intelligent tools to streamline operations and cut costs. However, manufacturers must also look beyond systems and software, uncovering how better processes and strategy can enhance operation through these additional trends. Demand for Data Scientists Familiar with Manufacturing Will Increase.

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

Since this trend isn’t likely to change anytime soon, shippers who can contain the cost of shipping by maximizing efficiency and optimization throughout their shipping network will be on firm ground heading into the future. Data-driven analytics enables you to make cost-effective transportation decisions. 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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Using Data to Establish Accurate Pricing and Operational Efficiencies

LandLink

The right pricing strategy is a critical component that companies can’t afford to overlook and is one of the most important aspects of maintaining profitability. Goals that are hard to attain if the company isn’t using solid pricing strategies. Accurate data can more precisely reflect the cost of manufacturing by considering critical issues such as seasonal raw materials fluctuations, capital equipment depreciation and labor concerns.

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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. However, by capturing more and more dimensional shipment data, LTL carriers are laying the data foundation needed for the expanded use of dimensional pricing.

Editor’s Pick: Updating Your Planning Strategies to Industry 4.0

Talking Logistics

Are you on board? ” — I shared strategies to digitalize the planning office with advanced planning technology to keep abreast with in an industry that is increasingly replacing the human workforce with robotics to gain better efficiency, increase cost-savings and build higher agility. The onset of robotics, intelligent manufacturing and data-driven optimization enables standardization of processes crossing supply, production and distribution irrespective of product lines and categories.

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. The main goal of the report is to help CPG companies better understand how their delivery performance compares to industry peers, and enables businesses to use timely market data to drive improvement within their supply chains.

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Big Data Analytics: A Key to a Successful Supply Chain in the Next 5 Years?

Cerasis

Big data utilization is the wave of the future for all aspects of business including supply chain management. The problem is that not every company has the resources to begin the process of big data management and have yet to see the extent of benefits it can provide to analyze and use such data management. There are several direct and indirect benefits to using big data analytics for your supply chain. Immediate Benefits of Big Data Analytics.

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What Is the Impact of Big Data in the Transportation & Supply Chain Industries?

Cerasis

Big data will be a defining force in the future of logistics, but the benefits of big data are already being felt. This graphic shows the true scope of impact of big data in the Transportation, SupplyChain & Logistics industries. . However, big data in the transportation industry can give small to enterprise-scale shippers the ability to review how likely a given route will yield the best result for the organization. Data Supply Chain Transportation

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Emerging Supply Chain Trends For 2019

LandLink

External pressures, technology trends and internal evolution are prompting companies to reevaluate their network to determine how their future supply chain should be structured, both in terms of capacity and capabilities. Data abundance will be used to draw insights on both short-term and long-term improvements to the supply chain and beyond using statistical analysis. This is precisely where a qualified 3PL can provide expertise in data analysis and supply chain design.

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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3 Logistics trends to watch in 2020

247 Customs Broker

Strategy December 4, 2019 The growth of networks, data-as-a-service, and heightend use of analytics/AI will shape the logistics landscape in the New Year, tech exec… The post 3 Logistics trends to watch in 2020 appeared first on 24/7 Customs Broker News. Features strategy customs broker customs clearance freight imports logistics shipping

Three Key Trends In Logistics E-Commerce

Cerasis

This fact explains why understanding and following the key trends in logistics e-commerce are crucial for organizations that want to save their place in the supply chain and get better results with less effort. . It is not enough just to buy a PC for each employee’s desk, provide packages tracking, extend corporate website functionality, and install corporate software that will calculate the data faster. There is also an opportunity to use Big Data technologies.

What Less-Than-Truckload Data Should a Shipper Track?

Cerasis

The answer is simple; shippers must track the right data. Knowing the proper metrics and data points to track promotes cost-effective shipping practices and can improve vendor, carrier and consumer relationships, reports Merrill Douglas of Inbound Logistics. Unfortunately, there are thousands of less-than-truckload data points shippers can track, but the most prominent indicators include these LTL metrics. Data LTL

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6 Transportation Management Trends for 2016

Cerasis

Some of these transportation management trends reflect real worries for the logistics industry. Take a look at six of the trends to watch for in transportation management this year. Outsourcing of Freight Data and Payment Management. Historically, the transportation management system of a given logistics provider has been the sole resource and method for data processing and managing the payment of all fees, duties, tariffs, and other charges for a shipment.

The 7 Trends Shaping The Future of the Logistics Industry

Cerasis

Logistics industry trends have also not been left behind in the move towards a more technological future. . 7 Major Trends Influencing the Logistics Industry in the Future . Emerging, mature and international markets are now part of the growth strategy of a vast number of companies. It is now the standard to go ‘international, ’ and logistic solution providers have a role to play in enabling this trend through a transportation network. . Logistics Trends

3 Important Strategies to Improve Your Supply Chain in 2018

Morai Logistics

This post highlights three strategic areas which many companies overlooked in 2017; strategy, security & interaction, and how to best achieve improvements in these areas. On this topic, Jeff Metersky, VP of customer success strategy at LLamasoft, writes: Supply chain professionals should absolutely strive to better understand demand; after all, demand is one of the most important factors impacting your overall supply chain design. Improving Data Security.

Protect Your Bottom Line With a Smart Supply Chain Design Strategy

Talking Logistics

Here is how these companies are using transportation optimization, inventory optimization and demand modeling as part of their supply chain design strategy to tackle the price factor head-on. You can also ask questions and test strategies within the safe confines of your own data-backed model, before real-world implementation. Customer demand is volatile, so a ‘set it and forget it’ strategy is destined to fail.

2016 Supply Chain Trends: 7 of 12 Trends that Will Drive Supply Chain Management in 2016

Cerasis

As we head into a new year it is a good time to take a look at the coming year and see what it may hold in the way of trends. We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. We have already covered the top 6 trends for 2016 in manufacturing. 2016 Supply Chain Trends: The First 7 of 12. What 2016 Supply Chain Trends to you expect to see?

Data Driven Logistics: Using Visibility for Better Customer Experience

20Cube Logistics

Data is the talk of the town. Data is not only required for smooth functioning but also for better control on the process. Is data really the show stopper? Capturing data at each point is crucial for any process optimisation and with the advent of blockchain , this is possible, but whether data-driven logistics really help us achieve better results is still debatable for a few. The captured data comes in use to analyse the trends and predict demand.

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