Artificial Intelligence, Machine Learning, and Predictive Analytics in the Supply Chain

Kuebix

Gone are the days of pen and paper and jotting down haphazard notes when on the telephone with a carrier booking freight. The post Artificial Intelligence, Machine Learning, and Predictive Analytics in the Supply Chain appeared first on Kuebix.

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

Supply Chain Network

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). Going forward, competitive advantage in digital age will come from harnessing as many sources of relevant big data as possible and then utilizing advanced Predictive Analytics and AI tools to make the best use of these sources.

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Mitigate Seasonality and Other Logistics Disruptions with TMS Supporting Predictive Analytics

Supply Chain Collaborator

Where is the freight market heading and how can a shipper be prepared to address changes as they occur in real time? More importantly, how does a shipper synthesize the seemingly endless stream of conflicting market analysis into proactive plans that avoid simple, reactive responses to the often confusing and counter-intuitive moves in the market? . – Realize the goal of cutting through the static using analytics as a “knife” in your TMS.

Tapping into Big Data to Enable Actionable Supply Chain Visibility and Predictive Analytics

Supply Chain Nation

This results in lower customer service levels, increased expedited freight, lower margins and the need for more buffer stock. And while unplanned disruptions will always occur, the emergence of newer technologies provides the ability to predict potential future disruptions and act on them accordingly, moving to a more proactive view of visibility. TransVoyant is at the forefront of the predictive analytics space. Supply Chain predictive analytics TransVoyant

Tapping into Big Data to Enable Actionable Supply Chain Visibility and Predictive Analytics

Supply Chain Nation

This results in lower customer service levels, increased expedited freight, lower margins and the need for more buffer stock. TransVoyant is at the forefront of the predictive analytics space. Supply Chain predictive analytics TransVoyant

Redefining Logistics Management in a Digital World

Talking Logistics

While historically it has been far more common to see medium-sized and large organizations embracing technology to manage their freight activities, today more logistics operations of all sizes are increasing their adoption of tools and technology to solve business problems.

Real-time Capacity Matching: Making Brokers More Efficient

Talking Logistics

The real-time freight visibility space was particularly hot in 2017, with two major acquisitions announced last year, including Descartes’s acquisition of MacroPoint in August 2017. is what drove the first wave of demand for real-time freight visibility solutions. The further out you book freight, the less expensive it is,” explained Cicerchi in a video interview I conducted with him at the user conference.

Think Tank 2020: Answering the Tough Questions with Transparency and the Right Data at the Right Time

Transplace

With over $9M in freight under management in North America alone, the magnitude of data available, analyzed, and curated by our business intelligence team today is unprecedented. Think Tank 2020: Answering the Tough Questions with Transparency and the Right Data at the Right Time.

The State of Digital Freight: The 4×4 Blueprint for Freight 2020

Freightos

The journey to digitize freight, while initially off to a slow start, has gained momentum in the last two or three years. They’re licensed to be an ocean freight forwarder, and they’ve bought some aircraft and an airport; and of course they are a huge warehousing player.

Preparing Your Supply Chain for Capacity Challenges

Transplace

Below are some of the key insights shared during our conversation about how shippers can plan for ongoing capacity challenges and optimize that plan through analytics, feedback and consistent updates. Preparing Your Supply Chain for Capacity Challenges.

Preparing Your Supply Chain for Capacity Challenges

Transplace

Below are some of the key insights shared during our conversation about how shippers can plan for ongoing capacity challenges and optimize that plan through analytics, feedback and consistent updates. Preparing Your Supply Chain for Capacity Challenges.

Revenue Management for Rail Freight Profitability

Talking Logistics

The current outlook for the rail freight industry is, at best, mixed. Where rail freight once was the price-competitive transport mode of choice, low fuel prices and increased availability of trucks in the spot market have resulted in low freight rates that are expected to remain low¹.

On the Track to Profitability: The Power of Pricing Analytics in Rail Freight

Talking Logistics

The current outlook for the rail freight industry is, at best, mixed. Where rail freight once was the price-competitive transport mode of choice, low fuel prices and increased availability of trucks in the spot market have resulted in low freight rates that are expected to remain low.

Ten Steps to Managing Inbound Freight: A Coordinated Dance between Shippers and Suppliers

Material Handling & Logistics

Both inbound and outbound freight require carefully choreographed steps for a successful dance. A more efficient inbound freight program streamlines processes to achieve greater savings. However, many businesses overlook inbound freight management since making it successful is not easy.

2020 Freight Shipping Outlook: Advanced Technologies in Freight Shipping on the Rise

Freight Center

Like so many industries today, freight shipping is being transformed by advanced technologies. All these technologies share two goals: to make freight shipping more efficient and less expensive. In the world of freight-shipping technology, the concept of driverless freight-shipping trucks gets the lion’s share of the press, but it is still years away from being a major factor in freight shipping. Predictive Analytics.

The Ultimate List of Top Logistics Startups – Blog

Freightos

And it’s about to get hit by a freight train of innovation. How much do we love freight innovation? And we found that freight innovation is hot. Supply chain platform matching drop-ship retailers, manufacturers, distributors and freight forwarders. Freight Forwarding.

This Week in Logistics News (February 4-8, 2019)

Talking Logistics

The real-time freight visibility space was particularly hot this year, with two major acquisitions completed in recent months ( Descartes acquired MacroPoint and Trimble acquired 10-4 Systems ). I wrote that back in December 2017 as part of my supply chain and logistics predictions for 2018.

Supply Chain Predictions!

Supply Chain Game Changer

These are the innovative technologies that I predict companies must use to undergo this transformation within their supply chains: Cloud-based technology deployments lower cost of ownership due to not having a large capital expenditure on hardware and upgrades. Subscribe Here! Email Address.

This Week in Logistics News (October 1-5, 2018)

Talking Logistics

Enable dynamic, predictive delivery times : ETAs are available pre-pickup through to delivery, dynamically change with every data point and are responsive to real-time conditions, including traffic patterns, weather and road conditions.

6 Major Delivery Logistics Trends!

Supply Chain Game Changer

In the context of the supply chain for most businesses, big data and predictive analytics are still an untapped resource that can potentially provide insights which help anticipate or respond to events or disruptions. SCM #SupplyChain #Logistics #Freight #ECommerce #Business.

Citations of Excellence Awards 2016

SCM Research

The Reduction of Greenhouse Gas Emissions from Freight Transport by Pooling Supply Chains. Data Science, Predictive Analytics, and Big Data: A Revolution That Will Transform Supply Chain Design and Management. Each year, Emerald awards certificates to highly cited papers, hereby also taking into account the content of the papers ( see my previous post ).

Experts Choice Of Top Online Logistics Resources

Freightos

So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. With over 60,000 monthly viewers, Transport Topics is a prime destination for freight buffs, especially those who specialize in trucking.

The Top 5 Changes That Occur With AI in Logistics

Cerasis

The tech is fundamentally changing the way packages move around the world, from predictive analytics to autonomous vehicles and robotics. For example, DHL analyzes 58 different parameters of internal data to create a machine learning model for air freight.

E-Commerce Shipping Strategy Challenges to Consider for Perfect Implementation

Cerasis

Characteristics of a Winning E-Commerce Shipping Strategy According to Inbound Logistics, creating the shipping strategy necessary to facilitate e-commerce will require re-evaluation of existing processes and the use of technology to maintain control over freight spend.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Some people want physical activity, some want something more intellectual or analytical, and still others want some combination of both. Freight and Logistics Human Resources Inventory Management Procurement Reverse Logistics Supply Chain Management jobs LogisticsSubscribe Here!

What are the main 3PL Services?

The Logistics of Logistics

Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding. Predictive Analytics. Admiral E.

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A TMS Tale of Two Food Shippers – Which Describes Your Evolutionary State?

Supply Chain Collaborator

TMS simplifies freight settlement and enables exception-only management of invoicing and accessorials. TMS delivers exceptional visibility not only into freight location (track & trace), but also into data trends supporting more effective planning and resource utilization.

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10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. Cluster and Consolidate Shipments to Create More Predictable Demand for Suppliers and Carriers. Manufacturers must work to consolidate incoming supplies and outgoing shipments to make their incoming and outgoing freight more attractive to major carriers.

What the success of Prime Day means for your supply chain.

CargoBarn

This can be done by using a TMS with supply chain technology and real-time, predictive analytics, with artificial intelligence. . FreightPrime Day comes at a time of year that has been traditionally slow for the supply chain industry.

Wearable Technology in the Supply Chain: 3 Core Benefits

Cerasis

The best predictive analytics systems in the world are only as good as the data the process. Unfortunately, most predictive analytics systems rely on manual and automated data capture. Do you ever watch Undercover Boss?

Increased Visibility

Inbound Logistics

Freight location and status updates, along with advanced predictive analytics capabilities, are making load tracking a valuable tool for shippers, brokers, 3PLs, and carriers

Cloud Supply Chain Management: SCM’s Head is in the Clouds…and For Good Reason

Cerasis

In business, the cloud is enabling the growth of predictive analytics and big data processing. However, most supply chain companies have historically only used a TMS when the company had more than $20 million in freight spend.

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The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

Freight transportation costs in the United States amount to about 6% of the GDP, which means that a large portion of a company’s supply chain costs come from transportation. When freight costs are high, even seemingly small oversights can result in unneeded expenses that could have been avoided and thus cut into overall profit margins. When transportation systems feed into a predictive analytics scheme performance will be improved across the board.

Transplace’s Q2 2020 Logistics Market Quarterly Update

Transplace

Other key findings include: The COVID-19 crisis will reduce freight in industrial and consumer sectors. Exchange rate fluctuations and the Mexican economy are affecting imports of goods into Mexico and a slowdown of freight demand. Transplace’s Q2 2020 Logistics Market Quarterly Update.

The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

Providers will need to focus on predictive analytics to get ahead of tomorrow’s needs by adjusting operations to reflect today’s immediate demand. The election is over, but the race is just starting for logistics providers.

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