Intelligent Audit

SEPTEMBER 9, 2022

It’s time to stop leaking money from these billing discrepancies and other freight and transportation invoicing errors. Technology creates more efficient and effective freight bill audit processes that help companies recover dollars connected to billing errors. What is freight audit processing?

Cost Reduction Strategies 52

Cost Reduction Strategies Price Reduction Waste Reduction Resource Reduction 52

ToolsGroup

APRIL 12, 2019

With supply chain complexity increasing at an unprecedented rate, perhaps the biggest challenge for businesses is figuring out how to navigate this uncertainty to deliver service profitably. This invariably leads to extra freight costs and excess and obsolete inventory that either needs to be written off or sold at a heavy discount.

Supply Chain Planning Software 227

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 227

GlobalTranz

NOVEMBER 27, 2018

LTL capacity has routinely been used as a source of added capacity when full truckload becomes unavailable. LTL capacity is quickly becoming harder to find, and full truckload carriers have already started to turn away freight. The added competition will help mitigate rate gains, but it is only a bandage over the problem.

Capacity 151

Capacity Freight Just-in-Time Resource Reduction 151

Talking Logistics

OCTOBER 29, 2015

These influences are changing shipper and LSP transportation requirements in real time, which creates a need for designing the right solution to address those challenges. Designing a solution to better manage transportation involves a 3-step approach: Evaluate and understand the current state. Design the future state.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Design Optimal Sourcing Modeling 100

Intelligent Audit

MAY 12, 2022

Often, the general public’s view of freight transportation is similar. With a sudden large intake of truck or rail transportation, society moves on with their lives, understanding only a fraction of the supply chain in its entirety. The Bureau of Transportation Statistics reported that, “Freight shipped across the U.S.

Freight 52

Freight Rail Software Analytics Software Price Reduction 52

Intelligent Audit

MAY 2, 2022

They clarify what actions shippers need to take or how they should think about an issue. As highlighted by Transport Topics in a January 2022 article discussing freight shipping analytics, “ Data shows total truckload rates year-over-year are holding around 12% higher. They are forecast to grow 2.5% to 3% throughout the year.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Analytics Software Predictive Analytics 52

Unleashed

JUNE 27, 2023

One wrong decision and freight costs can skyrocket, greatly impacting your profit margins. If you’re sending goods internationally, third-party freight forwarding services offer a frictionless solution. Here we explore what freight forwarders do, the benefits and risks of working with one, and how the freight forwarding process works.

Negotiating Skills 52

Negotiating Skills Freight Optimal Sourcing 3PL 52

Unleashed

JANUARY 16, 2024

This guide breaks down how landed cost is calculated, why it matters, and strategic ways to lower your landed costs and increase profitability. It includes any raw materials, freight, customs duties, insurance, warehousing, and related fees and overheads. Let’s dive in. What is landed cost? What doesn’t landed cost include?

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

Talking Logistics

NOVEMBER 15, 2016

Freight Audit may not be the sexiest aspect of transportation management, but that doesn’t mean it doesn’t play a critical role in helping companies effectively manage and control their transportation spend, as well as provide valuable insight to drive continuous improvement.

Freight 0

Freight Analytics Software Procurement Analytics Sourcing Strategies 0

The Logistics of Logistics

FEBRUARY 1, 2023

With an educational and professional background in finance, Shannon joined the logistics industry in 2012 with Knight Transportation out of Phoenix, Arizona. In the podcast interview, Shannon and Joe discussed how and why Shannon and his partner, John Gamero Co-Founded FreightVana.

Logistics Network Optimization Software 179

Logistics Network Optimization Software Phoenix Arizona Transportation 179

GlobalTranz

MARCH 9, 2018

Lost labels and mislabelled freight result in delays, loss of customer confidence and damage to your business reputation. To combat the problem here’s a way to improve freight labeling for transport and logistics management. Lost labels and mislabelled freight are irritating. Mislabelled freight is also prone to damage.

Freight 226

Freight Optimal Sourcing Transportation Cost Reduction Strategies 226

Intelligent Audit

MAY 10, 2022

As more shippers and logistics managers begin to focus on freight analytics, the need for a concise and reliable way to deal with everything involved becomes painfully clear. Supply chain insights and freight audit data and analytics make it much easier to process, analyze and apply all that data practically and effectively. .

Sourcing Strategies 52

Sourcing Strategies Prescriptive Analytics Software Supply Chain Software Analytics Software 52

GlobalTranz

APRIL 30, 2021

CVSA-certified inspectors will commit a blitz of inspections across North America, creating a sudden strain on resources for both domestic and cross-border freight. The best way to avoid disruption is to source and have readily available resources to expand capacity at a moment’s notice. The overwhelming answer is “yes.”

Resource Reduction 297

Resource Reduction Waste Reduction Capacity Supply Chain Design Software 297

Intelligent Audit

NOVEMBER 19, 2021

A recent market consultant panel, hosted by PARCEL FORUM ’21, “ How to Best Use Transportation Consultants ,” revealed tremendous insight into the state of the market and how companies are leveraging such technology to reduce costs. That’s different from other providers or 3PLs. It’s not solely about parcels either.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Transportation 52

Intelligent Audit

APRIL 1, 2021

While traditionally these programs are called freight audits, it isn’t solely about LTL or FT. It can include the full scale of transportation modes utilized by any shipper. Freight Invoice Error Rates Remain a Constant Threat. But how often does a freight invoice contain errors? Consider this.

Freight 52

Freight Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 52

GlobalTranz

SEPTEMBER 15, 2017

Editor's Note: Today's blog is from Cindy Banker with ProCorr Display and Packaging who is bringing us some great insight on how to reduce product damage. Warehousing eats up about 25% and transportation 60%. Packaging and product damage during shipping is extremely common. Trucking Logistics.

Material Savings 201

Material Savings Cost Reduction Strategies Resource Reduction Shipping 201

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Whilst people spend years learning the art of counting money, and businesses grapple on how to account for their revenues and expenses, counting carbon is a relatively new concept. Identifying sources of Carbon emissions. The current practice on how to measure greenhouse gases, is to organize things into three buckets.

Vendor Strategies 246

Vendor Strategies Purchasing Skills Pricing Training Optimal Sourcing 246

Zipline Logistics

JULY 27, 2021

As produce transportation winds down and the freight market loosens slightly for the first time in several months, CPG shippers have the opportunity to prepare for the quickly approaching peak season. This peak season is poised to be another strong showing for the freight industry as demand for consumer products remains elevated.

Vendor Strategies 52

Vendor Strategies Optimal Sourcing Sourcing Strategies Cost Reduction Strategies 52

CH Robinson Transportfolio

JANUARY 29, 2020

As we begin 2020, we can anticipate more balance in the transportation marketplace, according to industry sources. In terms of available freight, economic and market analysts suggest for-hire truckload volumes will be plus or minus 0.5% It’s not just about the economy and freight movement in the market.

Price Reduction 44

Price Reduction Freight Forecasting Purchasing Skills 44

Gravity Supply Chain

JANUARY 19, 2023

This includes everything from sourcing raw materials to ensuring that products are delivered on time and in good condition, which means short lead times, minimal customs paperwork, adequate transportation infrastructure, etc. Image source Also, numerous regulatory requirements must be met when transporting goods across borders.

Sourcing Strategies 52

Sourcing Strategies Supply Chain Planning Software Supply Chain Software Purchasing Skills 52

CH Robinson Transportfolio

DECEMBER 15, 2021

As you prepare for 2022, consider what different modes, trade lanes, or inland transportation strategies you can implement in your supply chain. While congestion and shortages continue across transportation modes, one area where you may find opportunities for savings is in your global trade strategy. In fact, C.H. Final Thoughts.

Sourcing Strategies 64

Sourcing Strategies Logistics Network Optimization Software Cost Reduction Strategies Global 64

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Throughout this course, you will gain valuable knowledge and practical insights on various aspects of the sourcing process in procurement.

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

Talking Logistics

OCTOBER 2, 2014

Although applied throughout the organization, Cummins identified the elimination of transportation waste as an area that would have a significant impact. While all have added value, let’s take a closer look at contract carrier freight rationalization. Contract Carrier Freight Rationalization. Contracted Freight Rates.

Six Sigma 160

Six Sigma Agile and Lean Supply Chain Lean Waste Reduction 160

Supply Chain Shaman

APRIL 18, 2023

Yes, we have achieved greater normalcy in transportation. As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. The traditional leader values cost reduction but is blind on how to value time. Build in-market sourcing. What is normalcy? Shift in cycles.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 374

GTG Technology Group

APRIL 22, 2019

5 Tips for Protecting Your Freight Against Cargo Thieves. Protecting freight is one of the responsibilities you have to your clients. Do your research when selecting transportation routes. Make Smart Use of Transportation Technology. Sources: [link]. The average value of stolen goods per incident was $142,342.

Cargo 36

Cargo Supply Chain Design Software Freight Optimization Software 36

Intelligent Audit

AUGUST 23, 2021

Freight audit and payment processing play a crucial role in ensuring shippers only pay for actual costs incurred and not for errors caused by carriers and other service providers. That has driven companies to consider an alternative: outsource freight audit and payment to save resources through applied business intelligence.

Analytics Software 52

Analytics Software Freight Predictive Analytics Software Supply Chain Network Software 52

The Logistics of Logistics

DECEMBER 8, 2012

<strong><em>If you think the price of fuel is the only element driving freight costs higher – </em><em>Think again! </em></strong> Introduction. Ground freight was then followed by 8.7% The best indicator of ground freight cost is the US Freight Rate Index, CPM (cost per mile).

Cost Reduction Strategies 142

Cost Reduction Strategies Freight Price Reduction Sourcing Strategies 142

ToolsGroup

APRIL 1, 2022

How the War in Ukraine is Impacting the Supply Chain and Raw Material Prices. Increased Shipping Costs, Delays, and Transportation Issues. How Labor Shortages Have Hurt the Supply Chain. How Businesses and Supply Chain Professionals are Responding to Disruption. Source: Consultancy.UK. Image source: Fortune.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

MIT Supply Chain

MARCH 2, 2021

Latin American countries have particular challenges related to truck transport. Truck transportation comprises 75% of all freight in Latin America. So for a company to be competitive in the region, it’s imperative that they know how to effectively navigate countries’ transportation markets.

Comparison 52

Comparison America Transportation Colombia 52

Supply Chain Game Changer

JULY 30, 2019

In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably. This is extremely important when you consider the tasks at hand, the skills required, and how to fill these types of jobs. What is Freight Management?

Negotiating Skills 72

Negotiating Skills Optimal Sourcing Freight Logistics Network Optimization Software 72

Logistics Viewpoints

JUNE 26, 2023

But how to do this was very ambiguous. The second goal was to work with a fourth party logistics (4PL) partner that had invested in cutting-edge transportation management and visibility solutions. A 4PL is a company that plans and executes transportation on behalf of their customers. One of those companies was Aera Technology.

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 207

Supply Chain Shaman

MARCH 21, 2022

” Corporations serve international markets, and the source of rare minerals (so critical for the evolution of the green supply chain) is primarily Asia. Others argue the demise of global sourcing; might I add caution? Deaths in Hong Kong are at a record level as COVID outbreaks slow freight at Shenzhen and Qingdao ports in China.

Modeling 276

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 276

Intelligent Audit

AUGUST 3, 2022

While many professionals have attended at least one typing class in their lifetime, it is likely that none ever encountered freight invoice-specific direction. To discover this, let’s consider the top ten causes for freight billing discrepancies and what could stop them in their tracks. . Accessorial Charges, Fees, & Waivers.

Freight 52

Freight Supply Chain Software Supply Chain Planning Software Logistics Network Optimization Software 52

CargoBarn

APRIL 21, 2022

These past two years have created significant transportation challenges. How do we fix it” is the question on most people’s minds. According to this year’s survey, customer and internal corporate data continue to be the predominant information sources for supply chains. Drayage has been especially hard hit. Take a Broad View .

Supply Chain Software 52

Supply Chain Software Supply Chain How To Survey 52

Logistics Viewpoints

SEPTEMBER 16, 2021

For instance, the capacity that is needed per shipment like the 2021 produce season transportation capacity outlook. But automation and sequential tendering processes within an advanced transportation management system (TMS) have given rise to the ability to manage by exception. Cybersecurity Concerns Remain.

Supply Chain Risk Management 216

Supply Chain Risk Management Risk Management Supply Chain Design Software Supply Chain Planning Software 216

Talking Logistics

JULY 27, 2022

At a recent industry conference, a shipper asked me many questions about transportation procurement, such as, “How do you best determine how long and how often to have transportation sourcing events?” Read more Why Benchmarking is the First Step to a Successful Freight Procurement Event.

Benchmarking 191

Benchmarking Procurement Freight Conference 191

Intelligent Audit

FEBRUARY 3, 2022

In freight auditing, freight audit advisors work with freight shippers to ensure that all charges are accurate and to prevent wasting money. Shippers can ensure they are getting the best possible rates from their carriers by working with a freight audit consultant. What Freight Auditing Is and Why It’s Important.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52