Data holds immense value in modern supply chain management. The use of data gives shippers and logistics service providers (LSPs) insight into operational efficiency, productivity, risk management, and demand. Among wholesale distributors, logistics data lowers downtime through proactive management, reduces carrying costs, and lessens the hassle of dock and yard management. As reported in a webinar, hosted and published by MITS.com
, distributors realize a 13:1 return on investment in data analytics. Supply chain leaders need to understand why wholesale distributors are increasingly using data, how analysis of data generates real results, and how to maximize the value of data to improve wholesale distributors’ desired outcomes.