Supply Chain Game Changer

APRIL 29, 2020

For the shipper, in particular, the use of freight cost benchmarking and market movement analytics will also be important to achieve additional insight and a better understanding of overall costs. Freight cost benchmarking in the market is an efficient method followed by many shippers. Optimize your cargo packing.

Negotiating Skills 69

Negotiating Skills Cost Reduction Strategies Optimal Sourcing Freight 69

Freightos

FEBRUARY 22, 2024

Red Sea disruptions to ocean logistics have not led to widespread surges in air cargo volumes or rates out of Asia, with the global Freightos Air Index benchmark 5% lower than at the start of the month. Freight news travels faster than cargo Get industry-leading insights in your inbox.

Price Reduction 177

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 177

SupplyPike

APRIL 17, 2020

In this system, space is shared by all of the cargo on one truck. You can save money by: Stop paying for unused cargo space. LTL shipments can contain one to six pallets, cases, large bundles, or other units for loading that still leaves space for more in the freight carrier’s cargo. Reduce your warehouse costs. Freight Class.

Shipping 56

Shipping Vendor Strategies Expense Reduction Cargo 56

The Logistics & Supply Chain Management Society

JULY 16, 2023

The halal trust assessment could be conducted for one brand, but can also be benchmarked with selected competing brands. The halal trust of a brand is measured through a consumer survey, analysing the consumer perception of the halal logo, excellence, transparency, halal authenticity, and intention.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Talking Logistics

NOVEMBER 17, 2015

What’s your primary carrier’s cargo acceptance rate? Benchmark your operation using the selected metrics. There are two broad types of benchmarking: internal and external. Internal benchmarking refers to activities within the four walls of the enterprise. What is your warehouse fill rates and lead times?

Supply Chain Software 100

Supply Chain Software Supply Chain Optimization Supply Chain Strategy Supply Chain Network Software 100

The Network Effect

NOVEMBER 5, 2015

Air Cargo World has an interesting article regarding DHL Global Forwarding’s decision to abandon a €750 million project to modernize it’s new forwarding environment IT system. As best we can tell, the new system couldn’t scale to DHL’s massive business, and lacked flexibility.

Supply Chain Network Software 100

Supply Chain Network Software Supply Chain Planning Software Logistics Network Optimization Software System 100

Freightos

FEBRUARY 28, 2022

Conversely in 2021 when rates were sky high, suddenly companies that had negotiated fixed rates couldn’t get their cargo on the ship without paying an extra premium surcharge. In 2016 many companies abandoned their fixed-price contracts to avail themselves of the low spot market.

Negotiating Skills 177

Negotiating Skills Shipping Price Reduction Supply Chain Planning 177

DELMIA Quintiq

MAY 17, 2016

Industry experts from companies such as SIG Combibloc , ThyssenKrupp, DB Cargo, Wieland Werke AG will provide answers to the following questions: What’s the next level in planning and optimization? Why are yesterday’s benchmarks no longer useful? And how will advanced analytics help you make better decisions?

Conference 120

Conference Supply Chain Planning Software Supply Chain Network Software Optimization Software 120

TMC

MARCH 31, 2016

What is your primary carrier’s cargo acceptance rate? Benchmark your operation using the selected metrics. There are two broad types of benchmarking: internal and external. Internal benchmarking refers to activities within the four walls of the enterprise. What are your warehouse fill rates and lead times?

Supply Chain Software 69

Supply Chain Software Supply Chain Optimization Supply Chain Network Software Network Optimization Software 69

Supply Chain Matters

MARCH 10, 2023

This Austin, Texas based tech provider which operates globally and employs upwards of 600 indicates that it will track more than $1 trillion in total cargo in movement in 2023. The company indicates a 96 percent recovery rate for FTL cargo theft, and an 80 percent ratio reduction as compared to the insurance industry benchmark.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Optimization 52

Freightos

NOVEMBER 21, 2018

Over the past three years, using mystery shopping surveys , Freightos has benchmarked getting an LCL quote from the top twenty global forwarders. The large forwarders are holding most of the cards – customers, cargo and data. This is an aspect across the industry in dire need of improvement. The results have been poor.

Purchasing Skills 120

Purchasing Skills Procurement Solutions Demand Planning Software Price Reduction 120

Freightos

JULY 11, 2023

IATA’s latest air cargo demand data show that global volumes fell by more than 5% in May compared to last year and were 7% lower than in 2019. Freightos Air Index benchmarks for air cargo rates had China – N. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe prices at $3.12/kg

Negotiating Skills 156

Negotiating Skills Asia Europe Canada 156

Material Handling & Logistics

JULY 16, 2018

When shipping documents misreport significant attributes of cargo, the resulting inaccurate or false billing can prompt additional carrier charges. Lack of Benchmarking: Businesses may assume they have settled on good transportation rates; however, it’s important to validate the true value by benchmarking against others in the sector.

Supply Chain Software 74

Supply Chain Software Supply Chain Network Software Analytics Software Modeling Software 74

Shipchain

NOVEMBER 15, 2018

Were any shipments damaged or otherwise subject to cargo insurance claims? Accurately benchmark past performance versus peers. Determining the total cost of transportation is essential to understanding your company’s profitability. How quickly do customers receive products? What could we as a company do better?

Cost Reduction Strategies 90

Cost Reduction Strategies Expense Reduction Purchasing Skills Transportation 90

Freightos

AUGUST 1, 2023

In air cargo, forwarders are likewise not expecting much of a rebound during the November – December peak season, or a return to growth before 2024 at the earliest. The Freightos Air Index Global benchmark closed July level with June but 29% lower than a year ago. Even so, carriers will attempt a $600/FEU Asia – N.

Price Reduction 157

Price Reduction Resource Reduction Asia Europe 157

GlobalTranz

DECEMBER 29, 2015

However, it’s important to review your pattern of freight spend in relation to sales so that you may set a benchmark. So, fleet managers need to ask a fundamental question, “What does it mean if my drivers, assets and cargo are continuously connected to the enterprise and how can I leverage this fact to create value for my organization?”

Transportation Management 120

Transportation Management Transportation Cost Reduction Strategies Sourcing Strategies 120

Global Trade Management

NOVEMBER 9, 2016

Real-time cargo tracking and monitoring improves in-transit visibility Today the true visibility into the movement of goods is still minimal and mostly done via processes heavily dependent on phone calls and email communication. Do you know where is your cargo and what is happening to it at this very moment?

Real-time Visibility 40

Real-time Visibility Supply Chain Visibility Supply Chain Software Supply Chain Optimization 40

DAT Solutions

OCTOBER 30, 2017

Compared to 2016, cargo theft dropped by 32% in the second quarter of 2017, according to Keith Lewis, Vice President of Operations at CargoNet. Lewis shared these and other facts compiled by CargoNet , a national data-sharing system that seeks to prevent cargo theft and improve recovery rates.

Cargo 70

Cargo Los Angeles Portland Georgia 70

20Cube Logistics

SEPTEMBER 15, 2019

With digitalisation, customers are able to get real-time insights and instant updates on their cargo movement. With visibility at the forte, the customer expectations on the cargo movement are fulfilled. With that, it is paving a way to create a new benchmark in visibility and control to make a mark for itself. Visibility .

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Real-time Visibility Supply Chain Planning Software 40

Freightos

JULY 2, 2019

And that explains why a recent air and ocean carrier digitalization benchmarking study found most airlines ranked behind ocean carriers in customer connectivity, structural transformation and online experience. It’s hardly news that cargo airline digitalization lags. Even back then, planes were built to last. Why the lag?

Optimization Software 120

Optimization Software Cargo Price Reduction France 120

Freightos

JANUARY 28, 2016

Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions. Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions.

Predictive Analytics Software 120

Predictive Analytics Software Freight Purchasing Skills Price Reduction 120

Freightos

JANUARY 28, 2016

Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions. Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions.

Predictive Analytics Software 120

Predictive Analytics Software Freight Purchasing Skills Price Reduction 120

Talking Logistics

APRIL 24, 2017

To qualify for this designation, carriers are required to measure, benchmark and track what they are doing to increase efficiency and fuel economy and have documentation of their efforts. An easy way to establish this criterion is by determining if a potential carrier is part of the Environmental Protection Agency (EPA) SmartWay Program.

Optimal Sourcing 114

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 114

Freightos

FEBRUARY 4, 2020

managing complex benchmarks for the shipping industry, to create the Freightos Baltic Index (FBX). The FBX daily is the first containerized freight index fully audited and in compliance with the Principles for Financial Benchmarks set by the International Organization of Securities Commissions (IOSCO). The FBX Daily Difference.

Optimal Sourcing 232

Optimal Sourcing Purchasing Skills Real-time Visibility Procurement Analytics 232

DAT Solutions

AUGUST 3, 2020

The trucking industry is the engine that keeps the American economy moving. Unfortunately, that also makes transportation companies occasional targets for scammers that are looking to steal from a $700 billion industry. Luckily, there are measures that motor carriers, freight brokers and 3PLs can take to protect themselves.

Cargo 135

Cargo Freight Transportation Industrial 135

Supply Chain Game Changer

FEBRUARY 27, 2019

Capacity fell by 3 percent, and up to $14 billion in cargo was unable to dock. Benchmark ocean freight rates to know if you are getting a competitive price. Furthermore, shippers should purchase cargo or freight insurance where possible to create a safety net. What to Do About It. What to Do About It.

Supply Chain Planning Software 57

Supply Chain Planning Software Resource Reduction Price Reduction Waste Reduction 57

Talking Logistics

JULY 5, 2018

The best 3PLs have internal controls to monitor carrier service, operational practices, operating authority, and insurance requirements in near real time to reduce your risk as a beneficial cargo owner. It’s also important for your 3PL to offer benchmarking on measurements that are important to you, as well as pricing intelligence.

Price Reduction 101

Price Reduction Expense Reduction Waste Reduction Cost Reduction Strategies 101

Talking Logistics

FEBRUARY 13, 2015

Chainalytics Introduces FMIQ Monthly Benchmarking Index. With more than 30 cargo ships anchored offshore, countless supply chains scrambling, and the prospect of a $2 billion per day hit on the U.S. Roadnet® Technologies Introduces Advanced Business Intelligence Tool, Insight. December 2014 Freight Transportation Services Index (TSI).

Logistics Network Optimization Software 100

Logistics Network Optimization Software Logistics Supply Chain Planning Software Modeling Software 100

Freightos

DECEMBER 4, 2015

International shipping share of global GHG emissions: 2.5% (cargo ships are 67% of the world’s fleet). To reduce emissions, forwarders are measuring, benchmarking and streamlining freight supply chain operations. Heavy-duty vehicles (trucks and buses) share of total emissions (EU): 5%. – Marc Althen, President, Penske Logistics.

Freight 120

Freight Cost Reduction Strategies Optimal Sourcing Nashville 120

Freightos

NOVEMBER 10, 2020

With passenger jets and their bellyhold cargo capacity missing, air cargo rates reached record highs as well. Air cargo rates from China to the US increased more than 300% from March to May before falling but remaining very elevated compared to normal levels through much of the summer and into the fall. .

Los Angeles 156

Los Angeles China Cargo Warehousing 156

Locus

DECEMBER 7, 2021

Supply chain risk management maturity levels define how well a company has developed the risk management processes in comparison to industry benchmarks. The table below shows what is the industry standard for four major risk categories, this can be used to benchmark what is one’s current risk maturity level.

Supply Chain Disruption 52

Supply Chain Disruption Optimal Sourcing Modeling Supply Chain Planning Software 52

MIT Supply Chain

MAY 8, 2013

How many shipments are delayed, for example, because the contractual penalties for a carrier failing to a load a box onto a vessel or for a shipper not providing the agreed cargo on time are too weak to deter these practices? How much inventory could be better managed in this segment if there was better visibility into end-to-end cargo flows?

Supply Chain Design Software 63

Supply Chain Design Software Analytics Software Price Reduction Industrial 63

Enterra Insights

DECEMBER 17, 2018

If consumers ever think about supply chains and how the items they desire manage to find their way into their homes, they likely picture fleets of trucks, trains, airplanes, and cargo ships — the logistics part of supply chains. ”[2].

Innovation 100

Innovation Logistics Network Optimization Software Logistics Analytics Software 100

Zipline Logistics

MARCH 30, 2021

“Eight of the 15 markets that we monitor as a broad, representative benchmark were positive on a week-over-week basis,” states Seth Holm of Freightwaves. .” As shippers struggle to meet deadlines with their customers, more freight is pushed to the spot market resulting in increased spot rates. “It’s pretty heavy.

Freight 52

Freight Manufacturing Procurement Los Angeles Purchasing Skills 52

Supply Chain Game Changer

SEPTEMBER 9, 2020

The Hackett Group has recently released their analysis of their procurement benchmarking database. It’s no longer simply a matter is of getting a freight cargo rate from A to B. Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com.

Optimal Sourcing 58

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Procurement 58

Freight Plus

AUGUST 21, 2017

This can help mitigate any issues with your cargo getting rolled when capacity becomes a concern. Now would be a great time to audit your services, review your lanes, benchmark your carriers. , Since the operator has first right of refusal, it very well could be in your best interest to give them a weekly or monthly volume agreement.

Negotiating Skills 40

Negotiating Skills Purchasing Skills Capacity Supply and Demand 40

Freightos

MAY 10, 2015

All those books would weigh 49,000 kilograms – half the cargo mass of a Boeing 747-200F. The State of Online Freight Sales We benchmarked the top 20 global freight forwarders to see how well they quote online to new business. Amazon has 31,817 books about supply chain and 24,934 about logistics. Empire State Buildings.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Software Logistics Network Optimization Software Supply Chain 120