Talking Logistics

MARCH 19, 2019

Relying on proactive rather than reactive analytics, and the ability to make specific actionable callouts from these data sets, will be key to navigating the ever-changing shipping landscape both now and in the future. Although very informative in their own right, retrospective analytics cannot undo the past. Enter proactive analytics.

Analytics Software 129

Analytics Software Analytics Shipping Metrics 129

Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

The Logistics of Logistics

NOVEMBER 5, 2021

Original article: Warner’s Top Transportation & Logistics Influencers. In light of the global environment in the past year and a half, we listed the top transportation & logistics influencers. The road hasn’t been easy for the transportation and logistics industries. miles of freight is expected to reach 7.67

Logistics Network Optimization Software 147

Logistics Network Optimization Software Transportation Supply Chain Design Software Supply Chain Planning Software 147

Zipline Logistics

MARCH 29, 2018

Controlling the performance of business operations, which includes your supply chain and transportation, is nearly impossible without business metrics and data analytics. The post 10 Powerful Transportation Success Metrics to Watch appeared first on Zipline Logistics.

Metrics 56

Metrics Transportation Analytics Meeting 56

Supply Chain Shaman

SEPTEMBER 28, 2022

Make, source, and deliver need to be managed together based on analytics that sense and respond at the speed of business. We find that three factors mattered: organizational alignment, descriptive analytics, and inventory management. Decrease the focus on functional metrics and align to a balanced scorecard. Conclusion.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

SCMDOJO

JUNE 6, 2023

Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives. How does data analytics help supply chain optimization? Let’s explore the roles which data analytics play in this process. Why is it crucial? Download from the below link.

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

ThroughPut

DECEMBER 6, 2023

Thanks to the more advanced forms of supply chain analytics like predictive analytics, supply chains are proactively looking into the future and prepping for “what is to come” rather than only ruminating over “what already happened.” What Is Predictive Analytics for Supply Chain?

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Intelligent Audit

MARCH 29, 2022

Leading freight audit and payment analytics (FAP) provides a host of viable and applicable solutions and market insight, making it easier for shippers to overcome market issues and limited capacity. . Here are some critical steps to make freight audit and analytics more streamlined. Data-Driven Anomaly Detection.

Analytics Software 52

Analytics Software Analytics Optimal Sourcing Expense Reduction 52

Talking Logistics

DECEMBER 5, 2017

The advent of transportation management systems (TMS) in the 1990s introduced near-infinite metrics and data points into the supply chain yet brought with it more questions than answers: How do we centralize the data? The Fundamentals of Managed Analytics. How well is my transportation routing guide performance?

Prescriptive Analytics Software 104

Prescriptive Analytics Software Analytics Software Supply Chain Design Software Predictive Analytics 104

QAD

OCTOBER 4, 2023

What is Supply Chain Analytics and Why is it Important? Supply chain analytics allows businesses to examine their operations and view data in real-time. With supply chain management analytics software, companies can improve decision making, take a proactive approach and quickly mitigate issues before they explode into bigger problems.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Shaman

FEBRUARY 18, 2021

Resist the temptation to place deeper analytics on top of existing data models. Out of desperation, they turned to the use of descriptive analytics. The focus of the transportation suites was on cost mitigation and price negotiation. Watermelon Metrics Don’t Drive The Right Results. What are functional metrics?

Supply Chain Planning Software 292

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 292

GlobalTranz

DECEMBER 15, 2016

Editor's Note: Today's blog is from our friend Derrick Rehn with FusionOps who shows us how big data analytics can benefit you in your supply chain. . As big data analytics offer a sizeable competitive advantage for many industries, the drive to deliver cutting edge innovation in data analytics is ever increasing.

Big Data 120

Big Data Analytics Software Analytics Cost Reduction Strategies 120

Supply Chain Shaman

JANUARY 8, 2024

Note to the reader: we selected these metrics for the balanced scorecard for the analysis after work with Arizona State University to understand which metrics, in combination, most closely correlated with market capitalization. Consider the role of functional metrics and the lack of alignment with the corporate scorecard.)

Supply Chain Design Software 243

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software 243

Intelligent Audit

MAY 6, 2021

Transportation network optim ization is a leading goal for supply chains around the globe. That risk of something adverse occurring — a disruption — continues to drive investments of time and resources into more informed decision-making and leveraging logistics analytics. Track the Right Performance Metrics. Industry 4.0

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

GlobalTranz

OCTOBER 6, 2021

OTR freight represents a long-standing aspect of supply chain operations and transportation management. M odern transportation networks and supply chains continuously adapt to market volatility and transitions. Download the White Paper: Over the Road Freight Management Trends.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

QAD

JULY 1, 2021

There are many benefits for manufacturing companies that use ERP systems, including: Better supply chain, warehouse, transportation and inventory management. Improving communication between departments and comparing metrics across them. Improving communication between departments and comparing metrics across them.

Manufacturing Procurement 86

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 86

Supply Chain Shaman

SEPTEMBER 3, 2018

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. Maturity in Analytics.

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 322

Supply Chain Collaborator

JULY 26, 2019

TMS users in transportation logistics organizations are sitting atop a gold mine of actionable data captured by their TMS solutions. Here are four ways smart TMS users can harness the power of their data for predictive analytics. Here are four ways smart TMS users can harness the power of their data for predictive analytics.

Predictive Analytics 79

Predictive Analytics Analytics Fleet Optimization Network Optimization 79

Logistics Viewpoints

SEPTEMBER 4, 2023

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. A 95% on time delivery metric – very high performance – is just not good enough for Simmons. Speed is of the essence.

Procurement Solutions 205

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 205

GlobalTranz

MARCH 7, 2016

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. What Do Supply Chain Analytics Have to Do With This Ability? What About the Driver Shortage and Transportation Rate Hike?

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

Intelligent Audit

OCTOBER 27, 2022

Far from a buzzword, big data analytics in logistics and supply chain management are helping companies gain insight into their current performance while optimizing future operations. The Best Analytical Techniques Around Big Data in the Supply Chain. One solution is to turn to big shipping data. Examples of Big Data in Logistics Uses.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Supply Chain Shaman

APRIL 18, 2023

Yes, we have achieved greater normalcy in transportation. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. In the survey, 48% of companies were driving digital transformation, but the only element that improved performance was descriptive analytics. What is normalcy?

Supply Chain Planning Software 394

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 394

Supply Chain Shaman

MAY 1, 2023

The use of descriptive analytics along with agile planning techniques (what-if analysis, discrete event simulation, and network design) helped. Analytics investments are essential. We find that companies with an analytics center of excellence drove progress faster than those with a supply chain center of excellence.

Inventory Reduction 251

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 251

Supply Chain Shaman

APRIL 9, 2021

Focus on functional metrics without alignment to a balanced scorecard to drive value. Over the last decade, in the building of global supply chains, organizations grew more political with gaming on metrics. Our current research project is understanding the current state of analytics.

Supply Chain Planning Software 363

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 363

Logistics Viewpoints

FEBRUARY 16, 2021

Ipsen faced transportation capacity constraints, complications at country borders, and even temporary shutdowns at their own plants. And the linked nature of supply chains mean that collaboration is necessary to ensure that a solution to a problem doesn’t meet the metrics for one link but negatively impact another.

Supply Chain Visibility 285

Supply Chain Visibility Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning 285

GlobalTranz

SEPTEMBER 23, 2021

Talent shortages, especially limited drivers, will exacerbate the capacity crunch and result in shortages across warehousing and transportation simultaneously.? . Pent-up demand of customers and the strong predictions for another above-average peak season has put a unique burden on truckload and parcel transportation. Focusing on the?

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Locus

JUNE 9, 2023

In the midst of an outdoor movie screening of “Trucks,” a film about a town overrun by driverless trucks, a person from the crowd, who runs a transport service company, jokingly mentioned that while phantoms could handle the task, they couldn’t effectively control transportation costs. Click this! They are: 1.

Cost Reduction Strategies 52

Cost Reduction Strategies Transportation Logistics Network Optimization Software Optimization Software 52

Locus

JUNE 9, 2023

In the midst of an outdoor movie screening of “Trucks,” a film about a town overrun by driverless trucks, a person from the crowd, who runs a transport service company, jokingly mentioned that while phantoms could handle the task, they couldn’t effectively control transportation costs. Click this! They are: 1.

Cost Reduction Strategies 52

Cost Reduction Strategies Transportation Logistics Network Optimization Software Optimization Software 52

Intelligent Audit

DECEMBER 8, 2020

However, not all shipping analytics tools are created equally. As technology advances, companies must consider multiple potential features, platforms, and companies when choosing and applying shipping analytics capabilities across modes, multi-site locations, and more. Creation of Performance Metrics. Data Normalization.

Analytics Software 52

Analytics Software Supply Chain Software Supply Chain Planning Software Logistics Network Optimization Software 52

GlobalTranz

JANUARY 22, 2020

Freight analytics refers to a set of algorithms that meticulously comb through the mountain of freight data to unlock its potential. Recent research indicates the freight metrics and analytics market will swell to more than $27.4 Recent research indicates the freight metrics and analytics market will swell to more than $27.4

Analytics 228

Analytics Freight Metrics Research 228

The Logistics of Logistics

FEBRUARY 11, 2022

OTIF is a key supply chain metric. Andrew Lynch is President and co-founder of Zipline Logistics , an award-winning North American 3PL that specializes exclusively in the transportation of retail consumer goods. It is generally calculated as a percentage of total deliveries that were complete and on time. About Andrew Lynch.

Cost Reduction Strategies 205

Cost Reduction Strategies North America Logistics Network Optimization Software Manufacturing Procurement 205

Logility

JANUARY 12, 2021

You’re committed to rolling out an analytics platform across your supply chain and you have tons of data. There are many ways to view data, but those that are particularly useful in supply chain analytics are reporting, score carding, dashboarding and benchmarking. Advanced Analytics. Reporting and Score carding. Benchmarking.

Prescriptive Analytics Software 131

Prescriptive Analytics Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 131

Intelligent Audit

MARCH 23, 2021

More than one source of data and analytics is needed to get the most precise possible picture of supply chain spending and operational costs. Monitoring expenses and shipping costs via their APIs helps streamline shipping analytics and sharing as those systems exchange data automatically. Use KPIs to Track Performance Over Time.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Cost Reduction Strategies 52

Logistics Viewpoints

MARCH 29, 2024

million vehicles cross the bridge annually, or about 30,000 per day, according to the Maryland Department of Transportation. Transportation officials are sharing plans in an effort to minimize headache-inducing traffic jams. Transportation officials are sharing plans in an effort to minimize headache-inducing traffic jams.

Prescriptive Analytics Software 253

Prescriptive Analytics Software Logistics Network Optimization Software Supply Chain Software Logistics 253

GlobalTranz

OCTOBER 4, 2017

These questions reflect why technology and effective transportation management, including the use of a transportation management system (TMS) and the Internet of Things (IoT), is key to the efficient execution of last mile delivery and service. Last Mile Technology Includes Big Data and Data Analytics.

Analytics Software 120

Analytics Software Demand Planning Software Optimization Software Logistics Network Optimization Software 120

Intelligent Audit

NOVEMBER 3, 2022

On the transportation end of supply chains, shippers adapt to the transportation needs at any given time to ensure this part of the supply chain continues as well as possible. This is why transportation network optimization is important. What Is Transportation Network Optimization? Ready Your Data.

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52

Supply Chain Shaman

OCTOBER 13, 2022

On this tour, I heard Jeff Ma, a former member of the MIT blackjack team, speak on the use of analytics to make better decisions in “beating the house.” The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. A focus on functional metrics throws the supply chain out of balance.

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221