Logistics Analytics

Logistics Analytics

Behind your supply chain operation lies a pivotal tool: logistics analytics. These analytical insights hold the power to transform the analysis of freight and transportation spends, revolutionizing how companies strategize and optimize their logistical operations. Your competitors stumbling block can be your stepping stone IF you know how to harness logistics analytics effectively.

Logistics Analytics

Freight Spend Analysis

The analysis of freight and transportation spends is a critical aspect of logistics management. It goes beyond merely tracking expenses; it's about uncovering patterns, identifying inefficiencies, and maximizing cost-effectiveness. This is where logistics analytics steps in, providing invaluable insights that drive strategic initiatives:

• Cost Optimization: Logistics analytics delves deep into spend data, breaking it down by facility, distribution center, or carrier. Understanding costs per unit (such as $/lb or $/m) allows for precise cost allocation and optimization strategies. Establishing benchmark figures enables you to forecast, and provides a threshold target to improve, as you can ONLY improve what you measure.
• Performance Measurement: Carrier scorecards derived from analytics measure pickup and delivery performance metrics. This evaluation aids in identifying the most reliable carriers and areas requiring improvement.
• Dynamic Routing Guides: Business Intelligent systems, like Translogistics' TMS, employ dynamic routing guides. These guides optimize route selection, ensuring the most cost-efficient carriers are chosen while holding users accountable for adhering to economical choices.

Logistics Analytics Technology

Translogistics (TLI), headquartered in Exton, PA, stands as a pioneer with over three decades of experience in the logistics industry. Their cutting-edge Transportation Management System (TMS) captures and archives historical shipment data. This data seamlessly integrates into shippers' ERP systems or Microsoft PowerBI, enabling comprehensive logistics analytics and actionable insights.

TLI's analytics suite encompasses:

• Comprehensive Spend Analysis: Detailed breakdowns by facility, distribution center, and carrier for informed decision-making.
• Carrier Scorecards: Measure carrier performance for enhanced reliability and efficiency.
• Dynamic Routing Guides: Ensure optimal cost-based carrier selection while maintaining user accountability.

Logistics Analytics Resource

Partnering with Translogistics (TLI) heralds a new era of efficiency and precision in the realm of shipping. Shippers, often grappling with the complexity of constructing effective Request for Proposals (RFPs), find a robust ally in TLI's arsenal of logistics analytics. Leveraging historical data garnered through their state-of-the-art Transportation Management System (TMS), TLI empowers shippers to craft custom freight RFPs that transcend the conventional, resulting in solutions that are not just good but exceptional.

One of the remarkable capabilities TLI brings to the table is its ability to derive precise projected spends based on historical data. This isn't just ballpark estimation; it's down to the penny accuracy. Armed with this invaluable insight, shippers can present RFPs that are not only detailed but remarkably accurate in forecasting costs. This precision revolutionizes the RFP process, setting a new standard for accountability and expectation management.

Shippers often face a daunting challenge in the absence of effective rating engines. The intricacies of various contract types, especially in the current landscape with NMFC class-based pricing, density-based pricing, and dynamic pricing, can easily overwhelm traditional systems. TLI's analytics bridge this gap, offering a comprehensive solution that navigates through these intricate pricing models seamlessly.

Logistics Analytics

Moreover, as the pursuit of optimization intensifies, consolidating loads and vendor raw material orders emerges as a crucial aspect of cost-effectiveness. TLI's analytics shine brightly in this arena, enabling shippers to not just optimize individual shipments but to strategically consolidate, thereby creating round-trip truckload lanes that maximize efficiency and minimize costs.

The call to action is clear: the time for waiting is over. Shippers seeking unparalleled accuracy, optimization, and a transformative approach to RFPs need to embrace the prowess of TLI today. By partnering with TLI, shippers transcend the limitations of traditional approaches, tapping into a reservoir of data-driven insights that redefine the very essence of shipping smartly. It's not merely about moving goods; it's about orchestrating a symphony of efficiency and innovation. So, quit waiting and embark on the journey of exceptional shipping solutions with TLI today.