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There are hundreds of data points for every single shipment that moves through the supply chain. Multiplied by thousands of loads, synthesized down to the case, and subject to constant updates and changes—logistics data can feel unmanageable. Enterprise shippers all do their best to analyze their logistics data, but without the help of the latest technology, there’s only so much that is humanly possible.
That’s why we’ve launched FreightIntel AI! This modern solution for freight analytics and insights leverages your own logistics data, trusted market benchmarking metrics, and the latest artificial intelligence technology. It’s the first-of-its kind to identify and present to you areas of opportunities tailored to your needs. Think of FreightIntel AI as your new senior analyst who has already been trained to understand your company’s specific nuances. Plug in your data and get valuable insights fast!
Who can benefit from FreightIntel AI?
Large shippers with extensive logistics data, like those in food & beverage, manufacturing, retail, and consumer goods (CGP) industries, stand to benefit the most from FreightIntel AI. These companies, that have a TMS and an ERP, know how valuable their data can be and how it could help them improve their operations. However, they also likely know how complex it can be to identify the right data to pull and how resource intensive it is to analyze it. Good insights, that account for your business constraints, can help influence where and what you invest time in as well as how to spend your budget.
Your logistics process is complex—you’re doubtless missing key insights that could improve your business. Feed FreightIntel AI your most recent data to uncover those missing insights and find savings.
Challenges of manual freight reporting
We live in an age of data abundance. You probably have between 1 and 100 million data points in your TMS. Is all that data relevant to drive your strategy? You have probably already found yourself scrolling through endless dashboards and analytics and struggling to find the one data point you need to prioritize. Because of its complexity, you may only be running a network analysis at the beginning of the year. Since market dynamics are continually evolving, this can result in increased costs and missed savings opportunities.
Doing things the old way:
- Doing manual analysis is error prone
- Data changes every minute and is nearly impossible to keep up with
- Time is wasted reading through irrelevant data and dashboards
- Teams don’t know how to find the best insights
- Consultants cost exorbitant amounts of money
You’re probably spending a lot of resources on analysts and consultants and only scratching the surface of what your logistics data can tell you. To increase efficiency, you need less noise and more insights.
How does FreightIntel AI work?
FreightIntel AI is a standalone technology that is also embedded into ShipperGuide TMS for seamless freight execution and reporting. It’s modeled on the brains of Loadsmart’s seasoned transportation analysts, blending their deep industry knowledge with artificial intelligence. The software works by extracting an ever growing number of data patterns from uploaded datasets and uses generative AI to show only the most valuable insights to improve your operations, it cuts the noise to only show you relevant insights. Unlike many other freight insights AI solutions out there, you don’t need to know what questions to ask to get the most relevant and valuable insights for your business.
Instead of only conducting network analysis once a year and painfully scrolling through endless dashboards, let FreightIntel AI continually do your analysis and present its findings so you can start taking action quickly as market dynamics shift. It can help you optimize your workforce with an “automated analyst” and deliver faster analytic cycles than you could achieve with only human analysts. With FreightIntel AI, you will have fewer gaps, enhanced control, and more visibility of your logistics operation.
Example logistics insights within FreightIntel AI
Every company is different and FreightIntel AI is designed to pinpoint the insights that will have the biggest impact. However, there are common trends that frequently surface for shippers leveraging the application. Here are a few of the insights that FreightIntel AI can provide:
- Rates priced above/below market
- Evaluate accessorial costs regarding carriers/lanes/origins/destinations
- Backhaul opportunities for your carriers
- Distribution of loads across carriers
- Lanes with poor OTD or poor OTP
- Opportunities for lane contracts
- FTL load consolidation opportunities
- Long hauls & possible facility relocation options
- Mode optimization FTL -> IMDL or RAIL or LTL
- Routing guide optimization
- Cost savings through redistribution of loads across carriers
- Transit time and lead time offenders
- Trend identification
Get Freight Analytics and Insights with FreightIntel AI
FreightIntel AI provides high-quality intel from your own logistics data, market data, and industry trends. All you have to do is upload a shipment data file from your TMS, ERP, or another source to get started. There’s no need to hire additional data analysts or for you to change your TMS. Simply come as you are and start getting the freight analytics and insights you’ve been missing.
Interested in seeing what FreightIntel AI can reveal about your logistics operation?
Learn more about FreightIntel AI and request a demo here: FreightIntel.AI