Supply Chain Transportation
DAT iQ provides detailed data reporting and analytics, so you can predict supply chain transportation costs with maximum accuracy.
To effectively grow your supply chain business, you need a detailed understanding of market rates. DAT iQ offers custom reporting with sophisticated data analytics, so you can reduce uncertainty with reliable support.
- View customizable reports with comprehensive data.
- Plan ahead with forecasting models that minimize risk.
- Access real market data for supply chain pricing.
View customizable reports with comprehensive data.
Access detailed reports built by analyzing over $150 billion worth of invoices every year.
Plan ahead with forecasting models that minimize risk.
DAT iQ helps you reduce uncertainty with the most accurate models available.
Get forecasting models based on a wide range of market transactions, incorporating mean absolute error into your forecasting to determine the risk level of each prediction. You can access predictive models tailored to your daily shipping lanes, with DAT Ratecast. All forecasting comes with risks, but with Ratecast’s unprecedented 95% accuracy in pricing models, you can set your business up for success.
Access real market data for supply chain pricing.
DAT iQ incorporates data from every section of supply chain pricing, from 3PL receipts to shipping invoices.
We understand that not every shipping business deals with just carrier-shipper transactions. You can access a database complete with pricing info from shippers and carriers, plus logistics organizations like 3PLs, all with DAT iQ. Let DAT iQ allow you to analyze prices and forecasts at each step of the supply chain — all with true market data validated by real companies.
To minimize the transportation cost in supply chain management, understand how your prices compare with the competition. DAT iQ offers comprehensive pricing analytics available in custom reports that help you build effective pricing models. For specific supply chain transactions, see how brokers, 3PLs, and other shipping companies have set prices in your circumstances
You’ll get access to real market data to bring the heat to your competition with DAT iQ. You can view pricing benchmarks based on supply and demand, instead of using internal pricing estimates. Once you understand the best price for each transaction, DAT iQ helps ensure you’re getting the fairest possible deal at each step of the supply chain. Plus, with custom dashboards and on-demand or scheduled delivery, you can optimize your budget with ease.
Any time you’re forecasting prices, you have to deal with a certain amount of risk. Volatility in the market leads to unpredictable ups and downs in transportation pricing, which means no prediction can ever be perfect. For instance, how do you incorporate supply chain transportation problems, like a hurricane or standstill traffic, into the equation? To minimize transportation risks, supply chain analytics with DAT iQ take into account the volatility of rates within your specific markets, lanes, and travel dates.
An effective strategy can help you deal with the different modes of transportation in supply chain management. If your company deals with intermediary parts of the supply chain, transportation planning can get pretty complicated. DAT iQ helps you to understand the complexities of your supply chain with data from each unique actor in the ecosystem. You can access real market data from 3PLs, brokers, and other logistics providers — not just carriers and shippers — for high-precision insight into the transportation supply chain.
With data from DAT iQ, you can access rate data and shipping history for your specific market, as well as weekly reports and exclusive market research. For supply chain planning, DAT iQ helps you to connect with other players in the shipping industry, and find new opportunities for procurement across the country. Plus, by benchmarking your rates against your competitors, you can determine whether your pricing strategy is successful.
Any effective approach to supply chain pricing requires an accurate understanding of the market. But how can your business turn market data into real rates, for real freight? Traditional pricing tools use one of three approaches: internal analytics, conducting a bid, or benchmarking against other companies. DAT iQ’s pricing tools offer a unique hybrid approach that combines all three into one high-accuracy, low-risk transportation strategy in supply chain management.
"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
Predict accurate transportation rates with DAT iQ!
A smart business strategy starts with understanding the market. Using detailed market data, predict transportation rates anywhere in the supply chain. Now, you can forecast prices with confidence!
Learn more about DAT iQ today.