Freight Plus

MARCH 22, 2019

A typical answer we receive when we ask a perspective client if they've done a supply chain benchmark is, "what is a supply chain benchmark?". That answer is simple - a supply chain benchmark is no different than any other type of benchmark. It's a comparison between one or more things where performance is measured.

Benchmarking 40

Benchmarking Supply Chain Planning Software Supply Chain Planning Supply Chain 40

Freightos

JANUARY 28, 2016

10 Controversial Freight Predictions For 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. Freight Industry Is Finally Online. We Start Thinking Of Freight As Big Parcels.

Predictive Analytics Software 120

Predictive Analytics Software Freight Purchasing Skills Price Reduction 120

Freightos

JANUARY 28, 2016

10 Controversial Freight Predictions For 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. Freight Industry Is Finally Online. We Start Thinking Of Freight As Big Parcels.

Predictive Analytics Software 120

Predictive Analytics Software Freight Purchasing Skills Price Reduction 120

Intelligent Audit

SEPTEMBER 15, 2021

Discovering billing mistakes through leveraged data from freight audits helps shippers identify cost-cutting opportunities through accurate invoicing and payment processing. Freight audit savings might arise from recouping costs due to overbilling, service guarantee failures, or simply using the wrong carrier for each load.

Waste Reduction 52

Waste Reduction Cost Reduction Strategies Analytics Software Resource Reduction 52

Intelligent Audit

AUGUST 25, 2022

It has always been essential to have visibility into freight spending. Freight audit & payment (FAP) providers have long paved the way to gaining this visibility by looking at shipping invoices and breaking down freight spend. What Is Freight or Transportation Spend Management?

Real-time Visibility 52

Real-time Visibility Transportation Management Supply Chain Planning Software Optimization Software 52

Supply Chain Game Changer

MARCH 2, 2022

By improving last-mile visibility with cutting-edge analytics software, you can boost your business’ productivity and customer satisfaction and loyalty, as well as benefit from accurate KPI benchmarking. Accurate KPI benchmarking. Strong last-mile visibility also helps your business facilitate accurate KPI benchmarking.

Real-time Visibility 88

Real-time Visibility Predictive Analytics Software KPI Optimization Software 88

Talking Logistics

JUNE 20, 2017

When you connect to a global trade network (GTN), you can benchmark your company’s performance against the performance of all the shippers in the network. Cost (Line Haul RPM): The rate per mile that is being paid for freight movement before fuel and other incidental charges.

Global 109

Global Scenario Planning Metrics Benchmarking 109

GlobalTranz

MARCH 24, 2015

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. Outbound freight costs as percentage of net sales.

Benchmarking 120

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

Intelligent Audit

APRIL 20, 2021

Without the cleanse and normalization step, it is difficult to have an “apples to apples” comparison when going into negotiations. Create a Benchmark. It is imperative to set a clear, concise benchmark during small parcel contract negotiations. Consider Working With a Freight Association or Partner to Help During Negotiations.

Negotiating Skills 59

Negotiating Skills Price Reduction Cost Reduction Strategies Benchmarking 59

Supply Chain Game Changer

NOVEMBER 19, 2018

And competitive pressures and benchmarking results will also add to the need to reduce costs and/or be more productive. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Cost and Profit Management.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Freightos

NOVEMBER 10, 2020

Among the over 10,000 small businesses on Freightos.com , the world’s largest digital freight marketplace, many are small eCommerce businesses who use Freightos.com to ship directly to Amazon FBA warehouses and other fulfillment solutions. Adaptability of SMBs. How does this help importers?

Los Angeles 156

Los Angeles China Cargo Warehousing 156

Intelligent Audit

MAY 9, 2022

With ongoing recovery firmly in progress across multiple industries, one of the most significant challenges facing freight forwarders, supply chain managers, and transportation service providers is the issue of payment and freight bill payment service management. Standardize Shipping Cost Audits for Apples-to-Apples Comparisons.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Material Savings 52

Logistics Viewpoints

JULY 19, 2023

Most recently, the APQC has conducted best practice and benchmarking research on environmental sustainability. Load consolidation means less trucks on the road to deliver the same freight, which is important as far as carbon emissions.

Sustainability 193

Sustainability Optimal Sourcing Logistics Material Savings 193

Supply Chain Network

MAY 5, 2015

Quantitative Success Criteria results are as follows: – Demonstrate reduction in Receiving time versus recorded benchmark data/manual checking process during pilot period comparing RFID Process to Manual checking process. – Backend systems connectivity/reporting comparisons YES. YES 50% & 85% reductions. 8% (99.2%).

Internet of things 60

Internet of things Supply Chain Software Supply Chain Planning Software Vendor Strategies 60

DAT Solutions

NOVEMBER 12, 2015

Yet the freight surges that many of us have been accustomed to seeing at this time have been noticeably absent. For multiple reasons, spot market freight volumes and rates have been trending down for most of 2015 -- van rates since March, and flatbed and reefer rates since June. PMI Sectors Produce More Freight Than NMI Counterparts.

Manufacturing Procurement 70

Manufacturing Procurement Portland Memphis Dallas 70

Intelligent Audit

SEPTEMBER 20, 2021

In the supply chain industry, the freight audit process can provide a competitive advantage for invoicing and cutting back costs. As reported by Supply & Demand Chain Executive , “As the shipping industry becomes more complex, so too does freight payment. What Is Freight Audit and Payment.

Analytics Software 52

Analytics Software Resource Reduction Cost Reduction Strategies Supply Chain Planning Software 52

Logistics Bureau

JULY 12, 2017

Choosing freight carriers is not the easiest of tasks, so it’s understandable why companies often overlook the need for a freight review , even when such an undertaking is long overdue. Read and Heed the Signs that Freight Review is Due. But how do you know when it’s the right time to conduct a freight review?

Negotiating Skills 40

Negotiating Skills Freight Logistics Network Optimization Software Purchasing Skills 40

DAT Solutions

MARCH 30, 2016

Freight availability is starting to improve, after a long, quiet winter. Daily maps in DAT Power and DAT RateView show the load-to-truck ratio for 149 individual freight markets in the U.S. There is always more freight and higher rates in one direction than the other. How can you make more money? KNOW YOUR MARKETS.

Memphis 70

Memphis Columbus Chicago Comparison 70

CH Robinson Transportfolio

APRIL 14, 2015

Even shippers who have more difficult freight requirements can improve acceptance rates and thrive during a tight flatbed market. Where do you stand in comparison to your planned budget, the previous year’s results, and the market at large? All freight is not created equal. Nor is every process. appeared first on Transportfolio.

Price Reduction 34

Price Reduction Optimal Sourcing Procurement Strategy 34

Shipchain

AUGUST 29, 2018

While this comparison is most commonly associated with benchmarking, it is also part of the reason why more people in the shipping industry are turning to blockchain for supply chain management (SCM). People cannot improve on what they do not understand or know. This statement applies to shippers as well.

SCM 78

SCM Supply Chain Network Software Supply Chain Software Demand Planning Software 78

DAT Solutions

NOVEMBER 27, 2017

A net profit of $62 per load is the highest result achieved by mid-sized freight brokers for at least two years. In October 2016, by comparison, the average profit per load was only $21.71. The core group of benchmark data contributors averaged over $2.1 More than 100 freight brokers contributed data to this report.

Freight 70

Freight Benchmarking Comparison Groups 70

Intelligent Audit

OCTOBER 26, 2021

Additionally, the normalization of data ensures actual, meaningful comparisons between reporting across platforms relying on different standards for coding and reporting of all shipping surcharges and associated expenses. Leading KPIs to Track Performance Across All Modes, Channels, and Providers.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Predictive Analytics Analytics 52

Intelligent Audit

NOVEMBER 5, 2021

Industry respondents said they don’t see an end to current freight conditions, and 2022 TL rates are expected to be up approximately 5.25% compared to this year.” Within the United States, freight transportation price increases get reported 30 days prior to going into effect. Benchmarking Capabilities.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52

Unleashed

SEPTEMBER 30, 2020

By comparison, the US market is worth almost 10 times more yet only has a 2.7% In a global comparison, the UK has 3 breweries for every 100,000 people, Australia 2 per capita and the United States 1.96. Unfortunately, there is no agreed-upon benchmark for profit margins. profit margin. With a market value of about US$11.5

Price Reduction 104

Price Reduction Inventory Reduction Cost Reduction Strategies Expense Reduction 104