filter-solution-technology

Your production line goes down. Workers stand idle. The clock ticks. The stress builds. Every minute means more revenue lost, never to be found again.

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Information powers today’s supply chain. That’s why your data is one of your most valuable assets. Any potential risk to your data security leaves you vulnerable to theft, missed deliveries and poor customer service.

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You have set routes you run regularly. But if you have empty return loads, you could be losing valuable revenue. Even more, empty return loads hinder your efforts to provide the highest level of customer service and the most dependable deliveries.

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In tandem with the challenge of adopting smart manufacturing technology, manufacturers are grappling with the digital disruption of supply chains.

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The movement of goods is being transformed through the power of data-driven insights

An efficient and reliable supply chain gives companies a competitive advantage. Yet shippers and third-party logistics (3PL) providers must be agile to meet the supply chain's increasing level of complexity.

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Shippers rely on their third-party logistics (3PL) partners for a broad range of logistics and supply chain services. To forge a successful relationship, shippers and 3PLs must emphasize data and communication, according to the 23rd Annual Third-Party Logistics Study.

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Within the warehouse, automated sorting, human-assist robotics and other once-futuristic technologies have become a reality. They are transforming the movement of goods, improving productivity and freeing up human talent to focus on more important operational decisions and safety improvements. The ability to supplement labor and remove some of the remedial and repetitive jobs is becoming increasingly important as warehousing and distribution center labor becomes harder to find.

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In a supply chain, every decision depends on data, so data integrity is critical. Accurate and timely data ensures supply chain partners hit their targets, comply with internal processes, make informed decisions and streamline processes while controlling costs.

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Penske Logistics is utilizing machine learning technology to further automate the process for customer goods that are being handled at a distribution center. Penske is the first Blue Yonder customer to employ their innovative Yard Management solution.

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Near real-time load tracking and freight visibility ensure shippers know where their freight is at all times. However, providing visibility can be a challenge in freight brokerage. Brokers aggregate capacity from carriers of all sizes; those carriers operate different systems and have different tech-related capabilities.

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Technology can be a differentiator among freight brokers, and tech investments continue to advance. Brian Kenney, vice president of brokerage for Penske Logistics, said he is seeing an emphasis on technology that can improve automation, compliance and tracking. Advancements in those three areas can increase efficiency, streamline communication and ensure the secure movement of goods.

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When it comes to choosing a Dedicated Contract Carriage (DCC) provider, it’s important to identify your requirements and fully understand the benefits of a well-structured DCC arrangement before starting the selection process. That’s why we created this guide – to make available the critical information you need to make the best decision possible. Whether you currently operate a private truck fleet, utilize common carriers, or are evaluating the options available in ground transportation, this booklet will be a helpful resource in determining if DCC is right for you. It also provides a “how-to” in selecting a specific provider as your dedicated carrier.

There are many new entrants into the DCC market as the product continues to evolve. The more you know about DCC, the better decisions you can make for your transportation needs.

The fifth generation of mobile phone networks, commonly known as 5G, has arrived, and the list of cities with 5G access continues to grow. According to the 2022 Annual Third-Party Logistics Study, 5G is designed to provide comprehensive connectivity among virtually everyone and everything, including machines, objects and devices, enabling users to move more significant amounts of data more quickly. As a result, it should enhance supply chain operations, performance and real-time communications, ultimately driving the digital supply chain.

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For this global industrial manufacturer of vehicles and engines, production depends on exceptional and reliable service throughout the supply chain. When the manufacturer was looking for a partner to manage its distribution centers, it sought a company familiar with the challenges of automobile supply chain management and decided on Penske Logistics. Penske has managed inventory in two of the manufacturer's facilities in Mexico since 2002.

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Fleets are working to take advantage of tight capacity by optimizing their lanes and converting empty miles to revenue miles, and Penske is finding creative ways to maximize backhaul opportunities.

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More than ever, supply chains need to be agile and resilient. Control towers deliver the supply chain visibility that underpins agility and resilience, hence shipper interest in these information hubs has increased dramatically. Supply chain control tower implementation in stages starting with less challenging nodes makes these solutions affordable and accessible. Also, today's control towers are more powerful than earlier versions, allowing the ability to integrate disparate data sources and information systems while using technologies like Artificial Intelligence and Machine Learning to improve network visibility and performance.

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Control towers are central to increasing visibility and optimizing supply chain performance. They provide an end-to-end view of the supply chain, which ultimately increases efficiency, minimizes disruptions and cuts costs. A group of Penske Logistics control tower experts got together to discuss what control towers can do, when to use them, outcomes and benefits, and more. Here are four key takeaways from their conversation.

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