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

Kuebix

The world of transportation and logistics management looks completely different than it did even 50 years ago. Gone are the days of pen and paper and jotting down haphazard notes when on the telephone with a carrier booking freight.

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.

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Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

Gaining end-to-end visibility across your transportation processes delivers: $32.00 Freight Cost Management eliminates post-audits and disputes. in Freight Cost Savings Per Shipment: Logistics Sourcing activities improve negotiated rates.

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

Redefining Logistics Management in a Digital World

Talking Logistics

In today’s global, fast-paced world it’s no longer a question of whether an organization should be using technology to manage its supply chain and transportation processes. At the core of just about every efficient transportation process is data. Blockchain in transport.

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. Demand for these solutions, from both shippers and brokers, continues to grow because companies want to identify and implement better ways to plan and execute their transportation and logistics operations, which is what ultimately delivers value.

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

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation.

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. Support the development of continuous improvement initiatives, with a focus on transportation value.

The Role of Emerging Technologies in Managed Transportation Services

Talking Logistics

When I ask shippers what they look for in a logistics or transportation management partner, technology capabilities — and the data and insights those technologies provide — is always near the top of the list. Of course, the technology landscape is very different today compared to 5-10 years ago, with blockchain, machine learning, real-time freight visibility, and other emerging technologies dominating the headlines.

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.

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.

Transportation Market Update: Capacity Outlook

Transplace

Transportation Market Update: Capacity Outlook. 2018 was a historic year for the transportation industry. However, intermodal still continues to be one of the most cost-effective ways to move freight across North America.

Transportation Market Update: Capacity Outlook

Transplace

Transportation Market Update: Capacity Outlook. 2018 was a historic year for the transportation industry. The truckload (TL) market was extremely tight due to limited capacity—and as a result, many shippers looked to alternative modes of transportation to move their freight and went to extra lengths to increase efficiency and reduce costs. However, intermodal still continues to be one of the most cost-effective ways to move freight across North America.

Modern Transportation Management Software Demands Carrier Connectivity

GTG Technology Group

Anyone in the shipping and transportation industry recognizes the importance of carriers. With increasingly complicated logistical and resource issues arising, Transportation Management Software (TMS) must remain at the forefront of technology to stay afloat. Analytics.

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

Talking Logistics

E2open Acquires Transportation Management Systems Provider Cloud Logistics. Like I wrote earlier this week, there is always something new to talk about in the transportation management systems (TMS) market.

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.

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. It’s no coincidence that Transport Intelligence just emailed me an invitation to The Future of Logistics conference.

Transplace’s Q2 2020 Logistics Market Quarterly Update

Transplace

Supply chain, transportation, and logistics professionals can use the quarterly reports to streamline their operations and prepare for what’s ahead in the second half of 2020. Other key findings include: The COVID-19 crisis will reduce freight in industrial and consumer sectors.

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

Talking Logistics

Stating the Obvious: Amazon Competes in Transportation and Logistics Services. In order to remain competitive, firms are beginning to collaborate with their once rivals — providing processing, transportation, or delivery for each other — something we refer to as co-opetition.

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.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Democratizing purchase orders or predictive analytical data such as Point of Sale information can dramatically improve demand visibility, while reducing the negative consequences of poor forecasting such as the Bullwhip Effect. Twitter LinkedIn The post Why Blockchain Within The Supply Chain Makes Perfect Sense appeared first on Transportation Management Company | Cerasis. Blockchain Omnichannel Supply Chain Transportation Management

Innovation and the Role of TMS for Dangerous Goods

Transplace

The chemical industry also recognizes that they can be a target for terrorist attacks, which could potentially cause a significant disruption in production and transportation, adding yet another layer of complexity to the shipping equation. Innovation and the Role of TMS for Dangerous Goods.

Experts Choice Of Top Online Logistics Resources

Freightos

Transport Intelligence, the well-respected U.K. So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. Transport Topics. American Journal of Transportation. Air Transport World.

This Week in Logistics News (January 4-8, 2016)

Talking Logistics

INTTRA Collaborates with JDA Software for Streamlined Transportation Management. Transervice Announces Launch of Tech-Based Freight Management Company. Another example of how transportation technology and managed services are merging: Transervice Logistics Inc.

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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 ).

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.

BluJay Partners with project44 to Provide Advanced Transportation Data, Visibility, and Technology for Shippers and Logistics Service Providers

BluJay Solutions

This partnership combines BluJay’s leading multitenant, cloud-based Transportation Management solution with project44’s global multimodal network, rigorous data security system, and unmatched data cleansing and normalization capabilities. “We’re Both companies obsess over their customers and have similar outlooks on the future of logistics and transportation.

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. Transportation Services. Logistics/Transportation Consulting. Predictive Analytics. Admiral E.

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

Supply Chain Collaborator

FSA’s Nick Fortuna writes the first article titled, “ Transportation Management Systems at Work – Technology Platforms: Driving Cost Savings and Efficiencies for Shippers ”. TMS simplifies freight settlement and enables exception-only management of invoicing and accessorials.

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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!

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. appeared first on Transportation Management Company | Cerasis.

This Week in Logistics News (June 10-14, 2013)

Talking Logistics

Transplace Updates, Enhances TMS Freight Allocation Module 2.0. Wal-Mart buys a ‘predictive analytics’ firm ( Internet Retailer ). Con-way Freight Announces 2013 General Rate Increase. Freight Shipments Fell 1.2%