Big data is transforming the logistics industry and enabling service providers to offer sophisticated supply chain management tools to more middle market companies.
Logistics providers have developed supply chain management tools that provide real-time data, tracking and forecasting to efficiently manage assets. Increasingly, they’re leveraging the knowledge they gained by working with large OEMs, food processors and other firms to push those tools downstream in the supply chain.
[LIST: Top Logistics Providers]
The trend is leveling the playing field and providing middle market companies access to more data and efficiencies that help them be more competitive. As a result, more companies are outsourcing their supply chain management functions to third-party logistics providers, or 3PLs, that offer the technology.
“All this information is significant business intelligence,” said Les Brand, CEO of Grand Rapids-based Supply Chain Solutions Inc. “We can also tell who is competing where and who is buying from whom. We have so much access to … the mashup of data.”… Keep Reading…
Article Source: SC-Logistics