Unifying Shipping Data Using Transport Load IDs: Here Are 10 Ways It Can Unlock Analytics And Empower Logistics Tech.
Despite investing heaps of money in logistics technology, why do most businesses still struggle with basic shipment visibility and supply chain planning?
One major culprit, I believe, is the sorry state of shipping data.
Often, this data is scattered across various systems, fragmented, duplicated, incorrect, incomplete, and rarely provides a Single Source of Truth (SSOT).
A potential solution to fragmented shipping data is for supply chains to start using a shipment Load ID to unify shipping information.
Positively, a shipper-generated Load ID can bring together all data related to the shipper’s load. Moreover, this transport Load ID is not a tracking number, purchase order, or invoice number that links only parts of shipping data within different functional silos.
So in this article, I’ll introduce the concept of a shipment Load ID.
Further, I'll share with you the following 10 use cases where every organization in the supply chain can benefit from unifying their shipping data using Transport Load IDs.
1. Supplier Sourcing: Streamline And Optimize Carrier RFP Process Using Shipping Data Load IDs.
2. Supply Chain Planning (SCP): Seamless Transportation Planning For Demand Sensing, Capacity, and Asset Management.
3. Ecommerce And Order Fulfillment: Increase Visibility Of Order-To-Delivery Operations Using Shipping Data Load IDs.
4. Inventory Management: Gain Visibility Of Product Inventory At Rest And In Motion Coupled With Anticipated Demand.
5. Fleet Management And Trucking Technology: Optimize Capacity And Minimize Costs.
6. Freight Brokering: Increase Real-Time Efficiencies While Reducing Costs And Fraud.
7. Visibility And Tracking: Gain Multi-facet Visibility Of Orders And Transportation Across The Supply Chain.
8. Freight Bill Auditing And Payment: Streamline Processing, Leverage More FinTech Solutions.
9. Decision Intelligence Tech: Optimize Decision Flows Across The Supply Chain.
10. Supply Chain Protection: Minimize Fraud And Detect Anomalies Through Better Traceability.
Undeniably, It’s time for supply chains to achieve total shipment visibility and effectively exploit their investments in data-driven logistics technologies.
Thank you for reading and enjoy!
#TUID #supplychainvisbility #shippingvisibility #dataanalytics #SSOT #logtech
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7moAnd let's not forget the importance of data quality controls!