Supply Chain Network Design
Supply Chain Network Design
Back up your supply chain network design decisions with insights taken from the most accurate industry data available.
DAT iQ offers customizable reports based on the deepest, broadest data in the industry — enabling transportation and procurement teams to design efficient supply chains that can deliver on their core business goals and strategies.
- Make data-driven decisions.
- Glean actionable insights.
- Refine your supply chain strategies.
Make data-driven decisions.
Our analytics engine processes information collected from more than 68,000 lanes — bringing you the most comprehensive and accurate freight data available.
Freight rates can be volatile, especially as global supply chains continue to shift. In a changing industry full of uncertainty, what is the best course of action? The most robust and effective network design models in supply chain logistics are rooted in up-to-date information about market rates and capacity trends. Annually, DAT iQ’s database analyzes more than $150 billion in freight transactions, giving us an unparalleled ability for deep market analysis.
Glean actionable insights.
Custom reporting and data visualizations make it clear how the market is trending and where the inconsistencies lie.
DAT iQ generates reports as well as intuitive visualizations using the data sets relevant to your business’ needs, challenges, and goals. These reports can provide the insights necessary to help you refine your pricing and routing strategies and improve your logistics supply chain network design. They also help to highlight emerging market patterns and allow you to examine historical lane rates and freight forecasts side-by-side for easy analysis of year-over-year performance.
Refine your supply chain strategies.
Our data combined with your supply chain network design strategies help you start optimizing your distribution network immediately.
DAT iQ provides many of the actionable insights you need to optimize budget, contain operational costs, and refine your routing strategies. DAT iQ includes Benchmark Analytics, a rate benchmarking and network management solution that leverages proprietary algorithms to pinpoint which variables can impact — and possibly improve — your budget strategy and transportation procurement efforts most significantly.
Supply chain network design is a critical part of improving the efficiency of your systems, which is important for a few reasons. First, efficient systems are foundational to maintaining customer satisfaction. Second, creating a sustainable supply chain network design that positions your business for success requires taking stock of your long-term objectives, strategies, and opportunities, determining the scope of your operations, and establishing a practical set of steps to realize those goals.
Every second counts in today’s digital, efficiency-driven market. This means that the most successful transportation logistics providers will be those that have a well-fortified supply chain capable of profitably meeting demand and anticipating market trends before they happen. Rate forecasting and supply chain network design software gives logistics providers the tools to analyze market conditions, make better-informed decisions, and add further value to the service of their business.
Transportation is expensive, so finding ways to limit your operating costs and keep efficiency high is essential to setting up your business to succeed. DAT iQ’s approach melds internal business analysis with actual market data and external research to shed a light on how best to allocate your resources and time so as to provide your customers with maximum service value.DAT iQ helps businesses reap the many benefits of market intelligence analytics and, as well.
Benchmark Analytics is a subscription-based solution that allows shippers in North America and Europe to contribute anonymous transaction-level data at regular intervals. In return, DAT iQ processes that data and creates detailed reports and dashboards for shippers’ specific distribution networks, providing the necessary information for benchmarking rates by lane, geography, carrier type, industry, and more, helping you stay on top of dynamic market conditions.
We value transparency, which is why DAT iQ’s rate forecasts include a margin of error. Some lanes experience far higher degrees of volatility than others (such as those going between Georgia and South Florida, which are part of hurricane territory) and market rates will inherently be a little more difficult to predict with complete accuracy. That said, we test our data using verified third-party market data to ensure the results — an approach that allows us to provide rate forecasts with 95% accuracy across 7 million predictions.
DAT Trendlines is a weekly newsletter we offer free of charge that provides quick updates on changes in demand, spot rates, gas prices, and market conditions. Trendlines compares changes by week, month, and year to give you a clear view of how market patterns are evolving over time.
"In our experience, DAT is the most accurate and complete source of spot and contract rate data available.”
- Don Everhart, VP Technology & Analytics for Knight-Swift Logistics
“By integrating DAT’s forecasting data and analytics tools with our expertise and customized pricing, we can deliver fast, reliable rates using the most comprehensive data and market analysis available.”
- Ryan Ilges, Worldwide Express Vice President of Truckload
Understand your market needs on a deeper level.
There are many factors that influence supply chain network design, but our combination of tools and insights can help you get a handle on what matters most to your business. DAT iQ offers valuable data sources to guide decision-making on where to locate a warehouse or distribution center by giving historical data and forecasts on inbound and outbound freight rates from potential locations.