Four Ways a TMS Solution Leverages Predictive Analytics

Supply Chain Collaborator

The shrewd operators are leveraging these data to support predictive analyses with the goal of achieving more accurate planning and execution of logistics as product moves through their supply chain. Here are four ways smart TMS users can harness the power of their data for predictive analytics. Avoiding the Pain of Seasonal “Swings” | Peaks and valleys in shipping volume are nothing new. Blog Collaborator Blog analytics big data data predictive analytics

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.

Predictive Analytics in Supply Chain Management


Our Business Development Director from APAC, James Hargraves , was one of the speakers at the summit and presented his vision on “Predictive Analytics in Supply Chain Management.” The post Predictive Analytics in Supply Chain Management appeared first on Adjuno.

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.

Redefining Logistics Management in a Digital World

Talking Logistics

Collecting and analyzing your organization’s historical data can be crucial for improving and streamlining processes, but applying predictive models to generate forward-looking insights can drive even further improvements.

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?).

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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.

Preparing Your Supply Chain for Capacity Challenges


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


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.

Visibility: If Only I Could See

Supply Chain Shaman

The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. The team was seeking analytics to monitor process compliance.

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.

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 5 Changes That Occur With AI in Logistics


The tech is fundamentally changing the way packages move around the world, from predictive analytics to autonomous vehicles and robotics. In general, the predictive analytics solutions in logistics and supply chain are on the rise.

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


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.

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.

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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.

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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.

Digital Transformation of the Supply Chain

Enterra Insights

Multinational enterprises deal with a dizzying array of paperwork involving procurement deals, purchase orders, shipping data, etc. Cloud-based platforms that enable real-time decision making based on accurate big data — generated through traditional processes as well as the growing prevalence of sensors — and predictive analytics powered by machine learning is changing the way companies approach supply chain management.” Good analytics begin with good data.

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.

TMS Delivers on NASSTRAC’s Five Common Sense Suggestions for Shippers

Supply Chain Collaborator

Using the historic shipping data captured in a TMS, shippers can make data-driven, predictive plans. TMS carrier management functions and carrier performance analytics enable a shipper to address issues early and provide insightful feedback to their carrier-partners. Freight Payment and Audit automation makes settlement predictable and easy which is always appreciated by carriers.

[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.

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.

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


However, not all data driven supply chains are enjoying the same level of 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.

Supply Chain Orchestration: 5 Ways Your Business Benefits


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.

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.

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 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.

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.

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


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

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.

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

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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.