Cart Before the Horse: Digital Freight Matching, A.I. and Machine Learning for Freight

Parade

Hunt’s $500M investment to freight platforms startups raising over $490M, to technology-driven brokers such as Uber Freight and Convoy. Companies that want to leverage AI, ML, Digital Freight Matching, or other tech trends for their business, need to start by looking at the foundation. Digital freight matching, carrier relationship management systems, digitization, artificial intelligence, machine learning etc.”—

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‘Digital Freight Matching’ Isn’t a Product— It’s a Strategic Methodology

Parade

As freight brokerages look to leverage technologies, automate grunt work, and streamline operations, we hear references such as “Buying ‘digital freight matching’.” Unfortunately, this reference to ‘digital freight matching’ as a ‘product’ is too simplistic. Because every freight brokerage has a different mix of fulfillment opportunities, and each load opportunity has unique requirements, challenges, and execution models.

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‘Digital Freight Matching’ Isn’t a Product— It’s a Strategic Methodology

Parade

As freight brokerages look to leverage technologies, automate grunt work, and streamline operations, we hear references such as “Buying ‘digital freight matching’.” Unfortunately, this reference to ‘digital freight matching’ as a ‘product’ is too simplistic. Because every freight brokerage has a different mix of fulfillment opportunities, and each load opportunity has unique requirements, challenges, and execution models.

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Why Should Manufacturers Get Social With Their Supply Chains?

Supply Chain Network

To be able to tap into a global knowledge base of information is not only useful but it can save a lot of time when trying to get the answers to specific questions.” Emerging Trends Freight & Transportation Information Technology Social SC Synergy Supply Chain Management In recent years manufacturers have globalised their operations due to the need to reduce costs and to explore business opportunities in new markets.

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Imagining the Supply Chain of the Future!

Supply Chain Game Changer

But is that enough of a far-reaching vision to offer much more than an incremental view of what we see today based on existing technology? Any view of the near future is more likely to describe incremental changes and incremental advancements based on the current knowledge base. Optimal decisions, supported by Artificial Intelligence, can be made based on what if analyses and real world dynamics. Subscribe Here! Email Address.

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Is Every Company a Technology Company?

Talking Logistics

Today, 3PLs are in the IT business as much as they’re in the freight-handling business. A couple of weeks ago, Meg Whitman, the CEO of the new Hewlett Packard Enterprise, wrote a post on LinkedIn that included the following excerpt: Every Company is a Technology Company. As I’ve mentioned in earlier posts, we’re now living in an era of disruption, what we call the Idea Economy. Companies today can turn ideas into reality in a fraction of the time it took just five or 10 years ago.

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From the Archives: A Look Back at Some Top Logistically Speaking Topics

Transplace

Letter from the CEO: Transplace’s Acquisition of Yusen Logistics’ Intermodal Operations : Last year, we were thrilled to announce our acquisition of Yusen Logistics Americas’ intermodal marketing company/over-the-road freight brokerage group. The acquisition expanded our intermodal and freight brokerage capabilities and better positions us to meet the supply chain needs of our customers near-term and well into the future.

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What Are the Most Common Walmart Deductions Codes?

SupplyPike

Deduction Code 24 stands for “ Carton Shortage/Freight Bill Signed Short ”. Plus, with our in depth knowledge base, you’ll have all the information you need to take action on any code. What is a deduction? Ever get a check back from Walmart with big, fat negative numbers and some mystery codes attached to them? What does it mean? Well, Walmart will sometimes subtract deductions from your invoiced amount for various infractions and label them with corresponding reason codes.

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How to be Productive during the Global Lockdown: The ThroughPut Playbook to Maintain your Output Levels

ThroughPut

As of right now, top lines have been essentially wiped out for industries like air transportation, freight, gastronomy, tourism, travel, and many more. This is where I can open up the floodgates of knowledge on how to create unprecedented output, leverage the data all companies already have on hand, analyze it with software, and standardize it across their operations. After all, these are your domain experts with years, if not decades of knowledge under their belt.

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6 Supply Chain Trends That Could Truly Shake You Up (2018 Update)

Logistics Bureau

This has already dramatically transformed the IT industry itself, as packaged software sold with one-time licences has become cloud-based services sold with a renewable monthly subscription. Offshoring cost advantages were often a delicate matter in any case: lower worker wages had to be balanced against increased freight charges, duties, taxes, and damages during transit. Knowledge Emerging as Resource Number One. Conventional IT is not designed to handle knowledge.

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