Data quality is a short-to-long-term win in most cases where technology’s
ability to process information at scale is concerned—in or outside logistics. So, we asked Jeff what the quick wins were in most of RateLinx’s clients’ cases. “In the past, in the case of product shortages […], what I’ve always seen is that data lags. It can lag up to 45 days from when a shipment was shipped to when an invoice comes in, to understanding the actual routing of a shipment,” Jeff says. “Possibly seven different alternatives may have cost less. Or a slower service model that still would have kept manufacturing or that customer in good standing. Not having data in real-time and complete spend visibility is driving decisions well รถรับจ้างขนของศรีราชา after the fact.” Jeff says this is a common scenario with many shippers. Only having visibility of freight spend after it’s paid, reactive decision-making, challenges in realizing cost-savings, and a never-ending data journey with continuous data quality gaps are issues most organizations can relate to. RateLinx’s data-quality approach brings solutions quickly to each of these challenges, with visibility to freight spend before it’s paid, the ability to make decisions proactively, the ability to realize cost-savings, and with a quick time-to-value. Logistics is by no means the only part of the broader enterprise that benefits from insightful data analysis and real-time visibility. It might, however, be one of the last areas—an unfortunate tendency of the industry to which Jeff alluded. But the practical operational positives available from RateLinx’s solutions make logistics one of the most effective functions where companies can deploy technology. To learn more about shipping, tracking, invoice management, applying data quality, and leveraging data insights, speak to a RateLinx expert or try a free analysis. The introduction of data-driven technology, correctly applied, can make the difference required to place logistics into a more strategic place around the boardroom table. With operational matters in hand, the image of logistics as a cost center is dispelled as the myth it should be. Thank you for sharing this story! However, please do so in a way that respects the copyright of this text. If you want to share or reproduce this full text, please ask permission from Innovation Origins ([email protected]) or become a partner of ours! You are of course free to quote this story with source citation. Would you like to share this article in another way? Then use this link to the article: https://innovationorigins.com/sharing-instead-of-competing-could-change-the-logistics-industry/ Empty runs, meaning trucks or even freight trains that return to their home base empty after delivering their cargo, account for a large proportion of all kilometers driven in freight transport. According to figures from the Federal Ministry of Transport and Digital Infrastructure (BMVI), trucks covered a full 6.595 billion kilometers in 155.4 million empty trips in Germany alone in 2019. This compares to a total of 263.7 million load trips and 23.821 billion load kilometers. The ACSMOU establishes a framework for Egyptian and U.S. military forces to exchange logistic support, supplies and services. While the MOU does not obligate either side to provide support, it does create a standing mechanism to ensure that U.S. and Egyptian military forces can effectively offer reimbursable support to each other when required. Future joint exercises, exchanges, and training events can use the MOU to simplify cross-servicing and logistical requirements rather than signing short-term or activity-specific agreements. This year, the MOU will facilitate logistics and U.S. force participation during Bright Star 2021, a multilateral exercise that will continue the proud tradition of the United States, Egypt, and partner nations working together to promote readiness to respond to regional threats, while building a mutual framework of countering terrorism and maintaining regional peace and security.  

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