Most areas of your organization are generating data faster than ever, and your supply chain and logistics functions are no exception. However, we often find that this data is used to make more simple daily decisions, such as which trucks to send via existing lanes and providers, rather than more complex changes that result in significant ROI for the organization. Here are a few analytics techniques that we find useful, and can greatly reduce your shipping and logistics costs.
Never give me data. Only provide me with information.
Big Data has become the craze of the business world. Companies are spending millions of dollars on the latest technologies and are hiring data scientists in droves, seemingly in a rush to stay technologically relevant. But what is “Big Data” and is it right for your business? For many organizations, the answer may come as a surprise.
The definition of Big Data is as varied as the companies that claim to have it. Consider this definition from a quick Google search:
noun: big data
extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially ...
Imagine enjoying years of everything going your way. You land a great job, you have an amazing family and friends, and you live in your dream home in your dream city. In fact, the only real problem that you have is finding the time to fit everything and everyone into your busy lifestyle. But, rather than sacrifice your dedication to your job, or time with your spouse and children, you instead forget to focus on yourself. Rather than engaging in regular fitness and eating healthy, you have evolved a sedentary life as a desk jockey, and your idea of a ...