Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Data analytics slashing costs for transport firm

2/06/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmzkvntavotczl2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Identifying the profit margin on moving 130,000 loads of freight each month, spread across 600 trucks, was a difficult task for Queensland transport firm Followmont Transport.

Pricing pressure from larger competitors such as transport giant Toll Group, meant that Followmont needed to better understand how to maximise revenue from its freight movements. The company also needed to quickly identify why certain customers were taking their business elsewhere.

“Margins are always tight in transport,” says CIO Paul Smith. “Determining the margin on a load of freight is very difficult without knowing the consignment note details on that load, and it does vary depending on the size of the cartons and pallets.

“Followmont has been a successful business for 30-odd years; however, not knowing where we are missing out on revenue… was what we decided we needed to tackle.

“We didn’t understand where we were losing out,” he says. “There’s too much data; we carry 2 million consignments – how do you know which one is going to be losing you money?”

Followmont uses a custom-built transport management system – developed by Brisbane firm Omnix – to generate freight data but the software doesn’t do data analysis.

Deploying a business intelligence system that would provide deep insights into company-wide data was the answer. In late 2013, the company deployed SAS Visual Analytics to enables executives and branch managers to analyse information on the fly using real-time data visualisations.

The initial roll out was not without its teething problems – achieving the best performance from a BI tool running in a virtual server environment was a challenge, says Smith.

This article has been extracted from http://www.cio.com.au, please click on this link to read the article in full http://www.cio.com.au/article/546540/data_analytics_slashing_costs_transport_firm/?fp=16&fpid=1

Montash is a multi-award winning, global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtyvmtivmdcvmtavmdyvndkvntg0l0vudgvychjpc2ugcmvzb3vyy2ugcgxhbm5pbmcgy29wes5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

Infor launches new mobile solution

2016-12-07 09:00:00 +0000

Infor, one of the global leaders in enterprise resource planning (ERP) software, has revealed that it is launching a new mobile solution. The company, which has focused on developing specialised business applications for a variety of industries, unveiled Infor Mobility for Field Service (MFS). The solution is a comprehensive mobility application that can streamline operations for employees working in the field. To ensure that field technicians are provi...

W1siziisijiwmtyvmtivmdyvmdkvmjcvmtavnze4l2nsb3vkihrly2hub2xvz3kgc2vydmljzxmuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

AI continues to infiltrate cloud computing se...

2016-12-06 09:00:00 +0000

With Google and Microsoft both already working on artificial intelligence (AI) software for their cloud services, it has been revealed that Amazon is now to join the battle. The internet giant is to prioritise developing AI for Amazon Web Services (AWS), the division that sells data storage and computing to IT professionals around the world. AWS is currently the fastest-growing division for Amazon, with the past year having seen sales soar by 60 per cen...