Logistics and Big Data

While big data is an opportunity, it presents significant challenges for the logistics industry. First of all, the industry needs to overcome its legacy mentalities, like manual paper-based processes, lack of collaboration and lack of visibility into operations, as well as they need to find ways to overcome the roadblocks of legacy technologies. Change management will also be crucial if they want to compete with the Amazons of the industry.

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Introduction

A large portion of third-party logistics companies (3PLs) and shippers believed data-driven decision-making was essential to supply chain activities.  This means that logistics providers have realized that having information available in a timely fashion will help them transform the way they operate and become more competitive in the long run.

While big data is an opportunity, it presents significant challenges for the logistics industry. First of all, the industry needs to overcome its legacy mentalities, like manual paper-based processes, lack of collaboration and lack of visibility into operations, as well as they need to find ways to overcome the roadblocks of legacy technologies. Change management will also be crucial if they want to compete with the Amazons of the industry.

 A few other concerns include better utilization of big data, data silos, lack of connectivity among stakeholders, low-quality data and the lack of data integration keeps many professionals concerned beyond reason.

About the industry

When we hear supply chain, we immediately think of logistics. Logistics impacts and facilitates value creation between companies, for both electronic information and physical goods. Professional logistics service providers have become indispensable to the consumer goods industry and many other industries. From handling special products such as frozen or fresh goods to taking care of a retailer’s or manufacturer’s entire inventory management: it’s all about logistics and it’s important to ensure proper management of all information

About Effective Data (ED), we specialize in EDI Consulting and Data Integration. Founded by EDI experts, ED has been a pioneer in the electronic commerce consulting arena since 1991. Effective Data's core competency is developing and managing technically robust EDI solutions.  With each project, our EDI Specialists collaborate to identify key business objectives, define a solution and continually manage the project through implementation. This is all prepared with a thorough understanding of industry standards, best practices and technology.

ED has supported companies of all sizes and in every industry.   We work with all EDI, EAI and B2B platforms.  Headquartered in the Chicagoland area with satellite offices throughout the United States, we are prepared to provide all your EDI and Data Integration needs nationwide.

Productivity Boosters

In today’s constantly advancing and highly competitive modern marketplace, it is vital for organizations to stay ahead of the industry and maintain an competitive advantage, starting by reviewing current processes and identifying what can be automated or require less time, labor, and costs by utilizing technology. Embracing new technological trends like Big Data will streamline workflow and optimize productivity for greater success.

Three technology innovations in particular, which enhance effectiveness, lower operational costs, and increase customer satisfaction, have impacted the logistics and supply chain management arena.

  1. Transportation Management Systems (TMS) – A TMS serves as a logistics management hub in a shared network of shippers, carriers, and customers. The system allows companies to list live shipments in one place so carriers in the network can actively bid on it, therefore simplifying the process, securing the best price, and saving time. Additionally, these types of systems allow for tracking shipments, printing shipping documentation, and exporting reports, making it easy to identify trends and understand where money is being spent.
  2. Electronic Data Interchange (EDI) – An Electronic Data Interchange allows business to communicate information that was once communicated physically on paper. An EDI makes it simple to send such information including purchase orders, advance ship notices, and invoices. It also gives you the ability to create other special documents like packing lists or even carton labels in the particular format a customer requires. This effectively eases the process of exchanging all data and documents by integrating these functions in one platform.
  3. Inventory Management Software (IMS) – IMS is effective for tracking inventory levels, sales, orders, and deliveries. This software is imperative for sales teams to have an accurate account of product sales, accounting, and asset management. The resulting information may affect the destination of the next set of shipments due to space and availability. Also, knowing when inventory is received is key as paying storage on these units will cause the value of the goods to deplete over time. IMS allows for more informed decision-making regarding when or what to do with inventory.

As more innovations are utilized, supply chain management will see a greater level of productivity and efficiency – and most significantly, an increase in profitability.

Saying “yes” could be your newest capability.

Whether you’re a new logistics service provider or a seasoned freight carrier, 3PL or 4PL, meet customer demands with an end-to-end EDI logistics solution that mobilizes market-based implementation teams with the proven processes of an award-winning EDI logistics technology company.

The benefits of EDI

  • High degree of process automation
  • No more need for manual entry; avoidance of any resulting errors
  • Shorter reaction time for client orders
  • Better planning security

The harmonization of data exchange makes processes much easier, especially given the diverse nature of the industry. A standardized “language” (i.e. data formats) via a standardized communication platform ensures Big or Little Data moves smoothly between logistics service providers and their business partners.

Why Should You Act Now?
How you manage your EDI environment is critical to your organization’s future and should be carefully planned to insure the stability of your business systems.  Mission critical applications like EDI should not be left to chance.  We believe this is the perfect opportunity to expand your companies B2B integration abilities by upgrading your EDI infrastructure.

How Effective Data Can Help
As a leading worldwide EDI provider and data integration consultant, Effective Data develops and manages technically robust electronic data interchange solutions, effectively guiding you through all phases of the implementation cycle toward a path of greater productivity and profitability.

We stand out in the EDI business through our experience with the most mainstream B2B, EDI and integration tools. We provide highly responsive, customer-focused service; emphasizing personalized attention and immediate response for all of our clients. At Effective Data, we have the superior resources necessary to create the right solutions to fit your particular environment.