{"id":109650,"date":"2024-04-15T15:33:00","date_gmt":"2024-04-15T19:33:00","guid":{"rendered":"https:\/\/envistacorp.com\/?p=109650"},"modified":"2024-04-15T15:44:21","modified_gmt":"2024-04-15T19:44:21","slug":"the-importance-of-data-and-analytics-in-logistics-operations","status":"publish","type":"post","link":"https:\/\/envistacorp.com\/en-au\/2024\/04\/15\/the-importance-of-data-and-analytics-in-logistics-operations\/","title":{"rendered":"The Importance of Data and Analytics in Logistics Operations"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\n<p>Guest Author: Matt Dorton, Sr. Consultant, Technology at enVista<\/p>\n\n\n\n<p>Why is data important? Not only is merely <em>having<\/em> data important, but <em>good <\/em>data is key to enabling organisations to view the health of their transportation network and gain insight on how to make improvements and the effects of the improvements. These methods of improvement can involve carrier compliance, low-cost carrier utilization, load consolidation performance, mode conversion and many more. enVista\u2019s team of analysts has decades of combined experience in <a href=\"https:\/\/envistacorp.com\/consulting\/transportation\/\">transportation data analytics<\/a> and has helped leading transportation organisations extract maximum benefits from their shipping networks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-challenges-in-completing-transportation-data-analysis\">Challenges in Completing Transportation Data Analysis<\/h2>\n\n\n\n<p>While it\u2019s easy to understand why transportation data and analytics are important, the task of completing the analysis is another challenge entirely. Few companies understand all the intricacies of how their transportation networks operate, and the details and trends are waiting to be discovered within the data. It is critical to find a team that knows how to extract this valuable information and use it to improve efficiency in your network. However, before this work can begin, it\u2019s important to recognize data challenges that could present themselves:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bad Data<\/strong>: Issues such as null or incorrect data points, and missing fields can hinder accurate analysis.<\/li>\n\n\n\n<li><strong>Lack of Data<\/strong>: Recent network changes may not allow adequate time to establish a reliable data baseline.<\/li>\n\n\n\n<li><strong>Poor Data Control<\/strong>: Inexperience in capturing relevant data for analytics can impede progress.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-data-analysis-in-transportation\">Benefits of Data Analysis in Transportation<\/h2>\n\n\n\n<p>What are the benefits to data analysis of your transportation network? Aside from obvious answer of cost savings, there are many other areas of improvement. Service improvements, rate increase mitigations, minimum charge avoidance, multi-stop truckloads and many other continuous improvement strategies are among the network enhancement methods at your disposal. However, all these developments require good data to produce an effective and measurable solution.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-envista\">Why enVista?<\/h2>\n\n\n\n<p>What sets enVista apart from other consultancies? We are leading industry experts who do this all day, every day. Whether it\u2019s managing and knowledge transfer for a client\u2019s entire RFP or truckload sourcing, we\u2019ve done it, and we\u2019ve done it exceptionally well. In fact, a recent management of an LTL bid saw customer savings of over $10 million, representing a 9 percent reduction in total category spend.<\/p>\n\n\n\n<p>Our unique blend of operational and analytical expertise lets our customers walk away with more than just dollar savings \u2013 they walk away with a transportation network that can adapt quickly to swings in the market and can scale to meet any future growth. <a href=\"https:\/\/envistacorp.com\/contact\/\">Contact us today<\/a> to qualify for a free 30-minute transportation network consultation to see what enVista can do for you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn about the importance of quality transportation data for optimizing networks, addressing analysis challenges and more.<\/p>\n","protected":false},"author":22,"featured_media":109651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_searchwp_excluded":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[3475],"tags":[3521,3756,3520],"class_list":["post-109650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-transportation","tag-transportation-analytics","tag-transportation-consulting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Importance of Data &amp; Analytics in Logistics Operations | enVista<\/title>\n<meta name=\"description\" content=\"Learn about the importance of quality transportation data for optimizing networks, addressing analysis challenges and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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