Freight Procurement in a Pandemic: Preparing for the Bid

CHAINalytics

If your company has decided to tender its freight to secure new contract rates for 2021, you’ve got your work cut out for you. This is especially true when it comes to figuring out the lanes and volumes to include in the bid.

Managing E-Commerce Fulfillment Spikes With Data Analysis

Cerasis

This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Lackluster insight into freight spend and poor freight management controls. Data Analysis Enhances E-Commerce Forecasts and More Take a moment to consider what goes into managing e-commerce fulfillment. According to Conveyco , KPIs should be established through data analysis to measure these key areas: Warehouse capacity.

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Freight Mode Optimization

Supply Chain Game Changer

What’s the Difference Between Freight Management and Logistics Management? Freight mode optimization article and permission to publish here provided by Adam Robinson at FreightWaves.com. LEADING MISCONCEPTIONS AND CHALLENGES OF FREIGHT OPTIMIZATION. Subscribe Here!

Using Data to Shorten Freight Payment Process With Digital Freight Management

Intelligent Audit

And it relates to a range of issues within the freight payment process. On top of that, there’s a need for tracking information and accurate freight billing. Freight bill payment is a separate and distinct transaction usually still done by matching of documents.”.

Why a Freight Audit Matters Today More Than Ever

Intelligent Audit

Discrepancies and errors with invoices, records, communications, and processes represent the biggest issues facing companies today regarding freight management. Simple Freight Audits Have Evolved Into Much More Meaningful Value-Props. Freight Audit and Payment freight audit

Sustainable Freight Transportation – Finding a Balance with MIT’s Alexis Bateman and Suzanne Greene [Podcast]

CHAINalytics

This week’s Freightvine podcast episode examines the challenges facing freight transportation in the effort to reduce its environmental impact. Sustainability can … The post Sustainable Freight Transportation – Finding a Balance with MIT’s Alexis Bateman and Suzanne Greene [Podcast] appeared first on Chainalytics. Joining host Chris Caplice to discuss their work on the Sustainable Supply Chain Initiative are his MIT colleagues Alexis Bateman and Suzanne Greene.

Two Important Questions About the Future of Freight Moves

Talking Logistics

Freight tons moving on the nation’s transportation network will grow 40 percent in the next three decades while the value of the freight will almost double, increasing by 92 percent, according to the latest projections by the U.S. Not surprising, considering the ongoing growth of e-commerce, freight moves in tons by “Multiple Modes and Mail” — which includes shipments by parcel delivery services, U.S.

New Data Insight and Analysis Tool, BluIQ by BluJay, Provides Real-time, Actionable Data Views into Supply Chain Applications

BluJay Solutions

BluJay unveils solution that puts configurable, visual data at the fingertips of any user for faster insights, easy analysis, and better decision-making . May 14, 2020 – BluJay Solutions , a leading provider of global supply chain software and services, announces the launch of BluIQ by BluJay, a data and insight analysis tool that offers real-time, actionable supply chain data in a configurable visual dashboard.

What You Need to Know About Full Truckload Freight Allocation

Cerasis

Poor visibility in freight allocation is a leading reason shippers experience difficulty in managing freight, and this problem is evidence of a disconnect between the person managing freight and company stakeholders. Goodwill notes shipment data granularity and analysis are linked with better freight allocation , which means making use of the full spectrum of available shipping options, including full truckloads. Yesteryear, freight allocation was simpler.

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Whether you are a BCO (Beneficial Cargo Owner), Freight Forwarder or NVOCC it is essential that you get this critical component right. These are the must-haves for any effective freight sourcing team.

Managing E-Commerce Fulfillment Spikes With Data Analysis

Veridian Solutions

This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Lackluster insight into freight spend and poor freight management controls. Data Analysis Enhances E-Commerce Forecasts and More Take a moment to consider what goes into managing e-commerce fulfillment. According to Conveyco , KPIs should be established through data analysis to measure these key areas: Warehouse capacity.

Get the Biggest Bang for Your Freight Budget Dollar!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight Budget article and permission to publish here provided by Adam Robinson at Freightwaves. Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. Subscribe Here!

12 Smart Ways to Reduce Your Freight Costs

Logistics Bureau

A common conundrum for companies is how to reduce their freight costs, which due to a recovery in demand following the Covid-19 pandemic have skyrocketed. Putting a lid on escalating freight costs has now become more important than ever. Make an in-depth cost analysis.

Five Causes of Analysis Paralysis You Can Avoid

TMC

Either way, a surfeit of data can gum up the decision-making process and make it more difficult to pinpoint the root causes of problems that are undermining the efficiency of your freight network. Setting unrealistic or unsuitable performance targets can easily put you on the road to analysis paralysis. The post Five Causes of Analysis Paralysis You Can Avoid appeared first on Connect Blog by TMC, a division of C.H. Performance Management Technology Analysis Data Performanc

Ocean Freight Visibility Spells new Opportunities for Supply Chains – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Headquartered in Germany, Ocean Insights is a leading ocean supply chain visibility and market intelligence provider that supplies real-time tracking data and market analysis to large shippers from a broad range of industries, including automotive, manufacturing, food & beverage, commodity trading, chemical and freight forwarding. Ocean Freight Visibility Spells new Opportunities for Supply Chains – LogiSYM September 2020. Ocean Insights.

Green Logistics and Transportation Optimization – A Win-Win Opportunity

CHAINalytics

Fewer loads, better driver utilization, mode shifting, and minimizing miles through better routing not only reduce your freight costs, these measures also result in less fossil fuel consumption, fewer emissions, and reduced environmental impact. Blog Feature Supply Chain Consulting Transportation dedicated fleet analysis mode analysis transportation mode analysis Transportation Modeling transportation network modeling transportation network optimization Transportation Optimization

LTL Market Analysis and Insight for Q4 and Into 2019

Cerasis

Consistent growth and higher rates are two common factors in any LTL market analysis today. To conduct a full LTL market analysis, let’s take a closer look at what to expect in the coming months. Few New Entrants Affect the LTL Market Analysis There have been dozens of new carriers to offer Full Truckload (FT) services over the past year. An analysis of the trends in LTL reveals the reach of Amazon and Walmart to be much more influential than first believed.

Freight Data Trends for 2019 and How a TMS Will Grow in Value

Cerasis

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. Shippers need to consider how the freight data trends will affect dropshipping, omnichannel shipping, reporting capabilities, and much more. As omnichannel shopping becomes the standard for consumers, the use of freight data will excel.

Data 131

How Freight Billing Works

Freight Center

If you have shipped before, then you know how important it is to understand how freight billing works. Freight billing is an unavoidable part of the process for every shipper. Without the knowledge of best practices for freight billing, it can be easy for small businesses to get caught up in freight billing mayhem. Knowing how freight billing works helps avoid costly shipping mistakes and gives you more time to spend running your business.

Why Benchmarking Alone Isn’t Enough for Proper Transportation Cost Analysis

Cerasis

Carriers in the trucking industry and also shippers today are actively looking for ways to combat the rising costs of operating their businesses, but they often do not fully understand proper benchmarking, transportation cost analysis, and profit management are intertwined. Benchmarking as a Hard Rule within Transportation Cost Analysis Can Be Damaging. Outbound freight costs as percentage of net sales. Inbound freight costs as percentage of purchases.

Do You Have Hidden Freight Costs?

Supply Chain Game Changer

Having come from a company wherein we were selling Freight management services I was curious about Freight spend at this new company. “How much were we spending on Freight?” Hidden Freight Costs. The reality is that there are freight and logistics costs in every step of the Supply Chain. Part of the problem was that no one had taken, or was responsible and accountable for, a holistic view of freight costs. The total freight bill was huge.

Supply Chain Analysis: Your Profitability and the Cost of Oil

AFFLINK

Aside from causing unrest in the money markets, this volatility in oil prices is also affecting the entire dynamic of supply chain analysis and execution. A supply chain analysis on frequent oil price changes shows that this phenomenon is forcing businesses to re-evaluate many of their strategies that have been implemented in the last few decades. As oil prices go up, eco-friendly supply chain analysis and strategies agree with economically effective business policies.

Five Causes of Analysis Paralysis You Can Avoid

TMC

Either way, a surfeit of data can gum up the decision-making process and make it more difficult to pinpoint the root causes of problems that are undermining the efficiency of your freight network. Setting unrealistic or unsuitable performance targets can easily put you on the road to analysis paralysis. The post Five Causes of Analysis Paralysis You Can Avoid appeared first on Connect Blog by TMC, a division of C.H. How often do you feel like you’re drowning in data?

How Freight & Transportation Data Can Trim Your Transportation Spend

Cerasis

When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Accurate freight and transportation data is particularly important. Seizing control of freight and transportation spend can improve operating income by five to 10 percent, and boost stock prices by 10 to 20 percent, according to an Accenture study, From a Shipper’s Market to a Carrier’s Market. Freight Invoicing Reports.

Freight Broker Business: Increase Shrinking Margins With Better Analytics

Turvo

Maintaining a freight broker business and helping it stand out from the crowd is more difficult than ever. Unfortunately, that does not always amount to spending money reasonably and maintaining control over freight spend. For those operating a freight broker business, the challenges are greater. These forecasts can also help brokers, shippers and fleets take a lot of the guesswork out of a proposal to move freight, say, a year from now. Analytics Freight Broker

7 Steps to Pick and Implement Freight Analytics During Peak Season

Intelligent Audit

A well-thought-out freight analytics plan can make all the difference in maximizing profits, reducing costs, and staying ahead of the competition. Several other factors can play into the growing shift toward data-driven freight management.

Analysis: Prevalence of Billing Errors in Freight Invoices

Haven

At Haven, we have heard from customers how painful and frustrating auditing freight invoices can be. When our team began to analyze the issue and crunch the numbers, we quickly realized that the scale of the problem, with respect to billing errors in freight invoices, is large.

How Bridgestone is Leveraging Private and Dedicated Fleets to Manage COVID-19 Disruptions [Podcast]

CHAINalytics

Blog Freight Market Intelligence Consortium Supply Chain Intelligence Transportation carrier management COVID-19 dedicated fleet dedicated fleet analysis Fleet management Fleet OperationsIn the latest episode of the Freightvine, Bridgestone’s Brad Blizzard joins host Chris Caplice to discuss how the company is dealing with slumping demand by offsetting the cost of their private and dedicated fleets.

Cerasis Co-Hosts “The Growth of E-Commerce and Its Freight Transportation Impacts” Webinar for U.S. Department of Transportation

Cerasis

The Department of Transportation (DOT) turned to Cerasis, a 3PL with expertise in transportation management by way of technology through their transportation management system (TMS) and managed transportation services, due to their extensive experience in working with shippers and carriers in the rapidly growing sector of freight shipments derived from sales generated through the e-commerce channel. Department of Transportation appeared first on Freight Logistics Company | Cerasis.

A Lesson on the Freight Market: Four Standout KPIs

BluJay Solutions

Guest commentary by Mike Mulqueen, JBF Consulting – as provided for the October 2020 Freight Market Index report. It is always with great anticipation that I await the arrival of the BluJay Freight Market Insight report.

A Prescription to Reduce Freight Costs

4WL Consulting

Sometimes I think I’m Going Crazy Shipping freight is critical to your business and you should not be surprised that freight and logistics costs could be one of the largest expenses for your business, as they are for most companies. When you consider your freight costs, it is not only the hard cost of shipping the freight, or the freight rate, but other costs as well, like labor and technology.

How Quickly Things Change: April Freight Market Index Commentary

BluJay Solutions

Guest commentary by Mike Mulqueen, JBF Consulting – as provided for the April 2020 Freight Market Index report. Analysis. The impact of COVID-19 was not felt until March and initially, the result was a surge in freight volumes as consumers stocked up in preparation for quarantine. The consensus opinion was that after two very tumultuous years, 2020 would be rather unremarkable with freight volumes and carrier capacity relatively well aligned.

Revenue Management for Rail Freight Profitability

Talking Logistics

The current outlook for the rail freight industry is, at best, mixed. Where rail freight once was the price-competitive transport mode of choice, low fuel prices and increased availability of trucks in the spot market have resulted in low freight rates that are expected to remain low¹. It is becoming increasingly difficult under current circumstances for rail freight operators to earn sustainable margins and create returns for shareholders.

China-Europe rail freight up 47%

EFT

Intercontinental freight travelling between China and Europe has increased dramatically as a result of COVID-19 disruptions. Blank sailings by major cargo lines to support fragile shipping rates and a mass cull of air freight capacity, as commercial airlines stopped flying, created major headaches for many supply chains, particularly for those trying to ship time-sensitive loads.

Keep Your Shipments Going With Fewer Trucks

CHAINalytics

The last four months have been tough on freight transportation. Blog Feature Supply Chain Consulting Transportation APAC Fleet Analysis fleet modeling Fleet Modelling India Transport Modelling Transport Network Optimization transport optimization Transportation Modeling transportation network optimization Transportation OptimizationSpecifically in India, we witnessed a combined surge in demand for essential products with a shortage of trucks – and, most critically, drivers.