Navigate Shipping Landscape with Proactive Analytics

Talking Logistics

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. Enter proactive analytics. Use the Correct Metrics.

Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

Cerasis

The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. The Fill Rate is a complex metric that considers the average window of delivery, percent of on-time delivery and accuracy of delivery for all products coming into your warehouse from vendors. Other Critical OmniChannel Supply Chain Metrics to Track.

10 Powerful Transportation Success Metrics to Watch

Zipline Logistics

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.

Using Managed Analytics to Build a Next-Generation Supply Chain

Talking Logistics

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.

[Infographic] Big Data Analytics in Supply Chain

Cerasis

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. . In areas of big data analytics for enterprises, the answer is inevitable – use the cloud. . Implementing Advanced Analytics .

Four Ways a TMS Solution Leverages Predictive Analytics

Supply Chain Collaborator

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. Leveraging predictive analytics in the TMS a shipper can use historic tendering metrics and spot quote reporting data to identify areas where contracted rates can be bolstered and avoid budget-busting over-utilization of the spot market.

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. What Do Supply Chain Analytics Have to Do With This Ability?

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

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. Maturity in Analytics.

The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re

3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” The methods of evaluating metrics or developing KPIs vary significantly from company to company. These should include the exact analytics needed, the timing of report generation, and parties within your organization responsible for collaborative evaluation. Business Advice Technology Transportation

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Why Logistics and Transportation Should Digitize

3rdwave

Logistics is a highly procedural function with clearly defined responsibilities and performance metrics. Greater data accuracy for operational execution, analytics, and reporting. 5 Reasons Logistics and Transportation Should Digitize. Extensive analytic capabilities.

SCRC Meeting: Practical Approaches in Creating Analytics (from People Who Have Actually Done it, Not Just Talked About it)

NC State SCRC

Our upcoming SCRC meeting is focused on how organizations are undertaking practical approaches to creating business analytics. People who are working on real analytics challenges will be sharing some of the lessons learned along the way, and some of the common mistakes to avoid.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

With maritime transport growing at an average rate of over 8.5 Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). When it comes to examples of Predictive Analytics firms focused on supply chains Elementum and ClearMetal are just a couple that come to mind.

Creating an analytics organization for supply chain

Supply Chain View from the Field

I’ve been leading a few calls for the International Institute of Analytics, as a faculty lead for the manufacturing group. We are preparing for the Chief Analytics Officer meeting coming up in Chicago in June. One of the issues that comes up is where the analytics function should reside – in IT or in the business function? They are saying “we need to down the analytics platform, and define the roles and responsibilities of that area.”.

Looking Beyond Red Arrows

Supply Chain Shaman

It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. However, the stories of success are largely project improvements or improvements in vertical supply chain efficiency in manufacturing or transportation.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Warehouse Management and Transportation Management were in their infancy. It should not be functional, with a narrow focus on a singular function like manufacturing or transportation. Stage 2: All about Transportation.

Why Logistics and Transportation Should Digitize

3rdwave

Logistics is a highly procedural function with clearly defined responsibilities and performance metrics. Greater data accuracy for operational execution, analytics, and reporting. 5 Reasons Logistics and Transportation Should Digitize. Extensive analytic capabilities.

Manufacturing Gains From Machine Learning

IQMS

Manufacturer’s adoption of machine learning and analytics to improve predictive maintenance is predicted to increase 38% in the next five years according to PwC. Analytics and MI-driven process and quality optimization are predicted to grow 35% and process visualization and automation, 34%.

Last Mile Technology: How Technology & Transportation Management Aid in Efficient Execution of the Last Mile

Cerasis

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.

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. What most companies want is a system with prescriptive analytics to tell them when a shipment is expected to be late and what action to take.

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Cloud-Based TMS: 7 Reasons Why Transportation Management Systems Have Their Heads in the Cloud

Cerasis

Transportation management systems ( TMSs ) are not a new concept, but where they are hosted now, in the cloud, is still new to the shipping industry. Cloud-Computing Uses Real-Time Data to Process Analytics and Provide Superior Insight. Analytics use information to derive insightful, actionable ways to improve efficiency in the supply chain.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. The reality is that most companies do a poor job of managing the global transportation process…if they manage it at all.

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

Selecting the correct software system for the business helps to attain process efficiency, gain visibility into the supply chain, and decrease general transport costs. TMS has become an indispensable tool in a growingly competitive and complex transportation landscape.

Putting Community in TMS: Enabling the Network Effect in Transportation Management

Talking Logistics

Editor’s Note: The following is an excerpt from “ Putting Community in TMS: Enabling the Network Effect in Transportation Management ,” a research e-book produced by Adelante SCM and published by Kuebix (a Talking Logistics sponsor). Transportation management is inherently a network-based business process. This transportation community is analogous to the connections and relationships enabled by social networks like Facebook and LinkedIn.

Why A Successful Transportation Management Program Is Empowered By Data

Cerasis

Today we continue our long series and look at teaching shippers how to remain strategic when it comes to logistics and their transportation management program. 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. Metrics. Data Management and Transportation Services.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. Managing the complexity of global transportation requires human capital, time, and/or money.

The Trends Shaping Supply Chain and Logistics: Takeaways from Descartes Evolution 2017

Talking Logistics

getting buy-in from drivers and other stakeholders) and implementing appropriate metrics to measure and drive performance.). Business Intelligence, Analytics, Artificial Intelligence: We’re in the middle of an evolution here.

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6 Transportation Management Trends for 2016

Cerasis

2016 will be a defining year for the logistics industry , and transportation management practices must adapt to these changes. Some of these transportation management trends reflect real worries for the logistics industry. However, logistics providers and shippers are starting to understand how to best combat each of these problems through the application of transportation management technologies. Transportation Management Trends transportation management trends

Logistics Analytics – Beyond KPIs on Tender Acceptance and Carrier Performance

Supply Chain Collaborator

Talk to a transportation manager about data analytics and they might tell you they’re already harnessing data collected by their TMS and other logistics IT tools to measure key performance indicators such as tender acceptance by lane, carrier check call compliance and other commonly examined metrics. But how many are actually using Big Data analytics in ways that drive efficiency savings beyond those controlled by transportation into areas like sales and finance?

Building a Business Case for Improved Demand Forecasting

ToolsGroup

Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. 2% reduction in transportation costs (percent of sales). Forecasting Demand and Analytics

Logistics Analytics – Beyond KPIs on Tender Acceptance and Carrier Performance

Supply Chain Collaborator

Talk to a transportation manager about data analytics and they might tell you they’re already harnessing data collected by their TMS and other logistics IT tools to measure key performance indicators such as tender acceptance by lane, carrier check call compliance and other commonly examined metrics.

Performance Reporting and the Operational Restructuring Process

Silvon Software

Operational performance analytics support an operational restructuring initiative by helping businesses pinpoint performance issues and their root causes. Even having a flash report that shows key metrics for revenue, operating performance and working capital is highly effective.

Columbia Sportswear: Peeling Back the Onion on Your Supply Chain Processes

Talking Logistics

Like the multi-billion dollar chemical manufacturer that had been paying market rates for ocean transportation for eight years because nobody realized that their contract, filed away in a drawer by a transportation manager who had left the company, had expired. And yet, prior to replacing a legacy inventory management system and implementing a supply chain analytics solution from FusionOps , the share of merchandise the company delivered on-time and in-full was a dismal 28 percent!

TMS Systems: The 3 Core Areas & 9 Main Features to Expect Upon Evaluation

Cerasis

Efficient management of transportation plays a major role in determining the success rate of an organization’s distribution system. Transportation incurs massive cost to the company thereby making the company strive hard towards achieving maximum returns on investment.

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Omni-Channel Supply Chains Are Changing Everything You Ever Learned in School…

Supply Chain View from the Field

To give you an idea of what this is doing, the classic retail metrics, “same store sales” and “sales per square foot”, are no longer being reported by Macy’s department stores. Some of the issues impacted include manufacturing, catalog management, BI and analytics, pricing, order management, customer service, fulfillment and transportation, and many, many others.