Week of January 23rd, 2023
Linking supply chain news with dangerous goods compliance
Data has become one of the most important assets in the supply chain. An organization’s ability to access, analyze and use this information will be key in determining its success moving forward.
Let’s examine some recent ways the industry is leveraging data to innovate supply chains.
SUPPLY CHAIN NEWS
- Four Tips for Turning Logistics Data into Meaningful Insights: Retail and e-commerce brands are flush with logistics data, but so much information can be overwhelming to analyze and use. Here are four tips for turning individual logistics data points into meaningful insights.
- Don’t Fear Open Data: Why Data Sharing Helps Smooth Your Supply Chain: The more data you have, the better your visibility. Supply chain managers that embrace data sharing will conquer disruption and prevail in today’s chaotic landscape.
- Why Data is the Newest Supply Chain and Procurement Asset: Procurement professionals are trained to think of themselves as buying either goods or services, but there’s a third category emerging: data.
- How Data can Shine a Light on Supply Chain Visibility: While sustainability continues to climb the retail agenda, many retailers have made less progress than they expected. Here’s how data management can help bridge the intention–action gap.
- How Blockchain Could Improve Data Management in Healthcare Supply Chains: In a recent review of the potential of the blockchain in healthcare, researchers set out how people are considering using the technology in the management of supply chains and the data they generate.
- Big Data Can Streamline the Poultry Supply Chain: A combination of predictive analytics and deep learning analysis could help improve poultry management and provide traceability throughout the entire supply chain.
OUR PERSPECTIVE
- Mastering data is a need, not a want. Shipping and handling DG will become even more challenging as supply chains become more complex, more items become classified as dangerous, and regulations continue to emerge and change. It has also become even more data-driven. Having complete, accurate master data will be key to streamlining compliant hazmat transport and unlocking efficiencies across all the locations and departments in your organization.
- Start with the basics. Effective DG management begins with knowing what kind of shipments you’re processing. A product’s components, makeup, dimensions and origins impact every process required for safe and compliant DG shipping – including packaging, labeling, documentation, permits and transport of goods – so access to master data is critical in setting your DG supply chain operations up for success.
- Don’t keep data siloed. Having complete, accurate master data is key to streamlining compliant hazmat transport and unlocking efficiencies across your supply chain. But to be truly effective that data must be shared across all locations and departments in your organization and with your partners. Don’t just assume everyone has access to important information or knows how to handle DG shipments, even if they have warehousing or shipping software in place.
To learn more about Dangerous Goods software or how to establish a competitive advantage by mastering DG shipping, visit https://www.labelmaster.com.
Have questions about Dangerous Goods transport? Call the Labelmaster Regulatory Hotline at 1.800.621.5808.
