Final Mile Delivery: The Role of TMS and Predictive Analytics

Talking Logistics

How can technology, specifically transportation management systems and predictive analytics, help shippers and third-party logistics providers (3PLs) excel in this area? Second, companies are realizing the tremendous costs associated with last-mile delivery, which can account for over 30 percent of shipping costs. The post Final Mile Delivery: The Role of TMS and Predictive Analytics appeared first on Talking Logistics with Adrian Gonzalez.

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

Supply Chain Network

percent per year, over 90% of the world’s trade is carried by sea for a total of 23 million tonnes of cargo traveling by ship every day. Most in the know will agree that the amount and sources of Big Data available around supply chains continues to grow geometrically because of increased use of Internet of Things (IoT) technologies, Satellite Tracking (AIS/Automatic Identification System) for ships as well as emerging implementations leveraging blockchain technology.

The Data Needed to Transform Supply Chains

Talking Logistics

The Hackett Group provides a useful visual for describing the maturity stages that supply chain is moving through as the industry strives to leverage data and advanced analytics. Supply Chain Analytics Maturity Model (Source: Hackett Group). Descriptive Analytics (What happened?).

Data 173

E-Commerce Shipping Strategy Challenges to Consider for Perfect Implementation


The path to perfect implementation of a new e-commerce shipping strategy is not always clear, and it comes with several challenges that can undermine the efficacy and cost-effectiveness of e-commerce. Determine e-commerce shipping costs and pricing models.

End to End Supply Chain Visibility - Solving The Data Problem

to pay attention to, whether to ship via air. artificial intelligence to provide predictive. analytics via a cloud-based application that. provides real-time, end-to-end, predictive. 1DIGITAL TRANSFORMATION, END-TO-END VISIBILITY, AND. THE "DATA PROBLEM".

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

Or how about if you need capacity for a shipment – broadcast it across the social media outlets and you are likely to find space for your products to ship. Use predictive and prescriptive analytics to support your visibility goals.

6 Questions To Ask 3rd Party Logistics Companies for 2015 and Beyond


With an ever-increasing pool of third-party logistics (3PL) providers to outsource shipping needs to, understanding how to select the best 3PL is the difference between reaching your existing customers and gaining a new market share. Trucking companies expanded into providing wholesome solutions for small to mid-sized businesses (SMBs), and shipping intermediaries were trying to make shippers collaborate to move existing shipments towards capacity per haul.

The customer is king. Can you give him what he wants – before he wants it?


In shipping, receivers can change a parcel’s destination and delivery time until the last minute. In retail, fully automated warehouses allow home delivery within hours of ordering – or even minutes, when predictive analytics can fill trucks with products not even ordered yet.

What Is the Impact of Big Data in the Transportation & Supply Chain Industries?


Better Shipping Options. . Meanwhile, Amazon is continuing to offer shipping that is free, and this fact is destroying shipping models around the country. Errors in the shipping process, including errors in delivery or pickup can result in necessary expenses to the company.

The Top 6 Trends in Logistics Impacting Shippers in 2017


To meet this increased demands, more manufacturing and logistics partners are looking for ways to shorten product lifecycles through improving inventory management systems, changing shipping strategies and altering the fundamental ways products move from point A to point B.

Trends 290

Removing the 3 Barriers to Building a Predictive Supply Chain

in Predictive Logistics ClearMetal Inc. The total cost to the shipping. Each handoff and decision is based on a prediction of outcomes and every event has. Orchestration requires better predictions. Accurate predictions require. predictions can be over 90% accurate.

Will Your Supply Chain Sink or Swim in the Digital Age?

Take Supply Chain

That means materials sourcing, procurement, production, and shipping lead times are even shorter. That causes choke points during shipping and receiving and can lead to overall quality issues. Technology research firm Gartner, Inc.

5 Manufacturing Tech Trends You Need to Know to Prevent Risk and Boost Production


The Manufacturers Alliance for Productivity and Innovation predicts market use of artificial intelligence will expand 3 percent in 2017, but investments in expansion and development of artificial intelligence will grow 300 percent this year, explains Erin Remaley of Open Arc. In other words, the cost to ship products back to manufacturers for repair will be virtually eliminated. Predictive Analytics Will Be Leveraged to Reduce Risk and Boost Collaboration.

Trends 212

The Impact of Big Data on Commercial Shipping

GTG Technology Group

How Big Data Could Reshape Commercial Shipping. Commercial shipping and trucking are no exceptions. Digitizing the commercial shipping industry can automate key processes, leading to an enormous potential payoff. Big Data in Today’s Shipping Economy.

Want To Predict Future Healthcare Demand? Analyze These 3 Trends


By 2020, the market for analytics in the healthcare industry is expected to reach nearly $20 billion , with predictive analytics alone accounting for $2.3 The problem is that it’s a completely new virus: there is no historical data to base predictions on.

Last Mile Delivery Logistics Demand on the Rise, But Complexity Puzzles Shippers


While new technologies, like drone delivery, big data analytics and the Internet of things (IoT) push the boundaries of traditional last mile delivery logistics, growing complexity continues to puzzle shippers. More consumers want faster, free delivery options from shippers.

Supply Chain Orchestration: 5 Ways Your Business Benefits

Take Supply Chain

However, not all data-driven supply chains are enjoying the same level of data visibility, applying the same level of analytics or accomplishing the same level of efficiency gains or profitability. Every supply chain is data-driven these days.

Data 195

[Infographic] 21st Third Party Logistics Study Shows Increased Use of 3PLs & Shippers


So, more shippers are satisfied with 3PL-offered IT services, which now includes the collection, analysis and application of Big Data and predictive analytics.

Want To Predict Future Healthcare Demand? Analyze These 3 Trends


By 2020, the market for analytics in the healthcare industry is expected to reach nearly $20 billion , with predictive analytics alone accounting for $2.3 The problem is that it’s a completely new virus: there is no historical data to base predictions on.

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


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. This is comparable to the Holy Trinity of Manufacturing and Shipping discussed earlier this year in previous blog posts. This does not mean shipping a product immediately.

What Will a Supply Chain Planning Job Look Like in the Future?


Here are my five predictions: Planning will become more efficient. They stock 500,000 products and ship almost 45,000 parcels daily. For those processes that continue to heavily rely on human judgment, analytical talent will be needed. The first part of this prediction is easy.

The 6 Trends Third Party Logistics Service Providers Will Drive to Empower Shipper Success in 2017


Take a moment to think about how these remaining six trends will impact the shipping and freight industry as a new administration takes control. However, only time will tell if Trump keeps or abandons his promises to hold the shipping and logistics industry accountable for outsourcing and reshoring efforts. Rather than allowing customers to abandon ship at the first sign of price increases, more companies are creating company-exclusive offers.

What Does the Future Hold for Big Data Applications at My Company in the Next 5 Years?


Predictive analytics capabilities within big data will help more organization improve production without increasing operating costs. Consequently a company can predict and react to it issue in a proactive, non-threatening manner.

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


There are many ways available to ship goods from one place to another, but with foresight, the cost of shipping can be balanced through different practices and compared against relative shipping times. Many problems in transportation supply chain can be addressed through the availability of analytics provided through a transportation management system. When transportation systems feed into a predictive analytics scheme performance will be improved across the board.

The Ultimate List of Top Logistics Startups – Blog


Movers marketplace matching shipping requirement with freelance student drivers. Supply chain platform matching drop-ship retailers, manufacturers, distributors and freight forwarders. Information and predictive analytics on vessel activity. Specialized Shipping.

3 Ways API Technology Can Improve Your Supply Chain


Supply chain APIs are also a gateway to predictive analytics,which can provide alerts to potential disruptions and recommend actions to circumvent those disruptions. Gain greater access to data and analytics.

The 2017 State of Logistics Report: Uncertainty, Unsustainabiltiy Usurp Logistics  


Overall Over-the-Road Shipping May Suffer From Being “Too Proactive.”. Lower fuel costs, better economic stability and continued growth of e-commerce have given rise to reduced shipping costs. Spending on LTL Shipping Is Increasing. Spending on LTL shipping has risen by 0.5

Report 124

3PL Logistics Companies Up Services to Continue to Meet the Needs of Shippers


Predictive analytics , which identify the intrinsic inefficiencies in simple processes that did not warrant in-depth review in response to the Great Recession. International Shipping Optimization. International shipping modes are also becoming a focus on 3PL Logistics Companies.

3PL 240

The (Internet of Things) IOT Supply Chain Benefits Now Coming Clearer


Take a look at how the IoT supply chain is changing the landscape in terms of equipment functionality, shipping processes, invoicing and payments, and analysis of trends. The IoT Supply Chain and Shipping Processes.

Why Blockchain Within The Supply Chain Makes Perfect Sense


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. Editor’s Note: Today’s blog is from Kevin Doubleday who discusses the importance of blockchain within the supply chain. Current Supply Chains don’t operate at the cadence of business.

Is Your Supply Chain Skating to Where the Puck Is Going to Be?

Supply Chain Nation

Direct to consumer shipping is on the rise, thanks to manufacturers’ growing adoption of e-commerce as another revenue model. Predictive analytics and self-learning supply chain algorithms could evolve rapidly here.”.

Why Parcel or Small Package Auditing Is Important for Shippers


In shipping, fuel surcharges, toll costs and expenses can change rapidly. As a result, the overall cost of shipping a small package may be significantly lower than originally determined. Accountability and Visibility Are Critical Parts of Modern Shipping. Today’s shipping systems are capable of processing thousands of requests in break-neck time. Small packages are the new gold standard in shipping. .

Digitizing the Global Supply Chain: Three Ways to Create Value

Talking Logistics

Ty sees the value of digitization in three main areas: collaboration, automation and analytics. Ty cites an example of an alert that a container ship is two hours from port. This may trigger a notice, through predictive analytics, to a drayage company that my containers will clear customs within three hours and they should have trucks ready to pick them up. The third potential value area is through analytics.

Global 113

Top 5 Trends to Know to Compete with Amazon’s Supply Chain


Moreover, customers can make purchases online and have them shipped to the store or their home. Paired with the advancements of predictive analytics and the Industrial Internet of Things ( IIoT ), more data will result in more efficient processes, creating a positive feedback loop throughout an organization.

Trends 205

Analytics in Distribution and Manufacturing Taking Center Stage


Analytics has been a buzzword in recent years. Everyone seems to be clamoring to get on the big data and analytics train. Part of this drive toward more interest in analytics in distribution and manufacturing comes from the ability of analytics to reduce inefficiencies dramatically and increase productivity in both physical and virtual sales environments. How Are Analytics in Distribution and Manufacturing Being Used?