article thumbnail

Achieving Significant Transportation Savings through Improved Demand Forecasting

Logistics Viewpoints

Pinnacle Propane implemented demand management, replenishment, and order promising solutions from John Galt Solutions with the goal of improving service – reducing what they call “out of gases” – while reducing transportation costs. The implementation also involves leveraging weather data to improve forecasting.

article thumbnail

Supply Chain Forecasting with AI

ThroughPut

In the ever-evolving landscape of global commerce, businesses face a significant challenge: the pain of inaccurate forecasts and the relentless pace of market conditions. The agitation stems from the financial loss and operational inefficiencies accompanying these inaccurate forecasts. AI in supply chain forecasting is a game-changer.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2021 Logistics Outlook: Truckload Freight Market Forecast

GlobalTranz

The volatility of 2020 and the uncertainties looming into 2021 make it difficult to forecast planning and budgets based on historical data. Those unexpected surges meant forecasts were worth as much as the paper they were printed on. However, some market trends that became significant factors in 2020 will likely continue.

article thumbnail

2022 Transportation Market Forecasting & Your 2022 US Trucking Outlook

CHAINalytics

So, we figured it was time to dust off the old Chainalytics crystal ball and throw our hat into … The post 2022 Transportation Market Forecasting & Your 2022 US Trucking Outlook appeared first on Chainalytics.

article thumbnail

2022 Forecast: Supply Chains Become Critical Infrastructure

ToolsGroup

This is not just my personal observation but the consensus of leading financial experts around the world who are regularly briefed by manufacturers, logistics providers and retailers. In 2022 these, along with the probabilistic forecasting methods that they enable, will become mainstream supply chain planning tools.

article thumbnail

Revisiting Transportation Forecasting

Talking Logistics

Many companies have collaborative planning and forecasting processes with suppliers and manufacturing partners, but very few companies translate demand and production forecasts into transportation capacity requirements. Watch as Adrian discusses: Two key reasons why transportation forecasting has been a challenge to implement.

article thumbnail

Navigating Logistics Forecasting Challenges with a Demand-driven Approach

ThroughPut

“Uncertainties” and “unknowns” in the logistics industry are like the predatory villains in Gotham City. And in your case, this cape’s superpower is the demand-driven approach to logistics forecasting. But right before we get into that, let’s understand what’s got your hands tied as a logistics planner.