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Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
Emerge has an interesting new platform to deal with the problems shippers are having procuring truck capacity. Carriers move shippers’ freight. A public cloud architecture is at the heart of what Emerge is doing from both a procurement and a benchmarking perspective. Scale is Necessary for FreightBenchmarking.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. The freight market is mercurial. One master of freightprocurement is Kyle Masters.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
Just when shippers catch a break, the landscape shifts again, forcing procurement teams to adjust strategies in real time. tariffs are reshaping freight. tariffs are reshaping freight. Xenetas data comprises over 500 million contracted container and air freight rates and covers over 170,000 global trade routes.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. Having everything connected from market intelligence to tender procurement to actual bookings transforms how shippers operate. However, this specialization has created its own challenges.
But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. With the other major carriers also rerouting now, it is likely freight rates will rise for Asia – N. Get Your Custom Report Now!
The Approach to Effective FreightProcurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.
These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. Conducting annual procurement exercises.
and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Mark McEntire is the Senior Vice President of Operations at Emerge , a freight technology firm that is reinventing freightprocurement. About Mark McEntire . Mark earned a B.S. About Emerge.
Brad Wheeler and Joe Lynch discuss the freight-tech dilemma. Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freightprocurement platform. Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning FreightProcurement Platform.
Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?
We have benchmarked our SCI (Supply Chain Intelligence) solution; we looked at all the solutions in the industry. Show us the best way to fix the freight delays!” It might highlight logistics jams, manufacturing capacity, quality issues, or procurement cost trends. It started out as a traditional control tower.
She brings almost 20 years of supply chain and benchmarking experience to DAT, where she is focused on providing actionable insights to shippers through DAT’s Benchmark Analytics and Rateview benchmarking tools. It was founded in 1978 and has since become one of the leading platforms for freight matching and load board services.
In today’s fast-moving supply chain environment, data is as valuable as the freight itself. Lack of Verification Errors in freight bills (often 3-8% of total spend) go unnoticed. Yet many companies remain overwhelmed by fragmented, inaccurate, and delayed data that leads to poor decision-making and financial leakage.
Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels.
For instance, managed transportation includes value-added logistics capabilities, including: Logistics consulting and analysis to understand current needs, costs, savings opportunities by mode, benchmarking and implementation or training of new systems. Another Thing to Consider: Network Versus Execution-Level Optimization.
In today’s highly competitive marketplace, understanding how your company’s procurement strategy and results compare with industry peers is critical. Consider how these issues will impact your carrier rates and learn why now is the ideal time to benchmark and bid your rates with the help of a third-party logistics (3PL) provider.
However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated.
While tariffs are often thought of as a one-time cost increase, its notable to remember they are part of a larger system where freight costs shift, supplier costs fluctuate, and demand changes. Companies need a comprehensive view of their supply chain network to understand how every change impacts procurement, production, and distribution.
When it comes to managing your freight spend, there are a few options to consider. Ultimately it comes down to whether shippers want to manage their freight spend in-house or outsource it. Ultimately it comes down to whether shippers want to manage their freight spend in-house or outsource it. Address Outsourcing Risks Head On.
Shippers face more challenges than ever before when it comes to managing freight spend and allocation. While many other questions exist, freight management in today’s world is built on the internet, speed, use of data, and staying attractive to drivers. The Freight & Transportation Management Trends to Know in 2018.
, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. BONUS : Download the Guide To LTL Freight Mangement White Paper.
According to the latest American Shipper benchmark survey, transportation spending increased in 2012 – according to 75 percent of respondents – remaining unscathed by budget cuts. Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks.
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. Use of Freight Rate Benchmarking.
According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction. The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.
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 FreightProcurement Event. The good news.
This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. Recently through my analysis of the planning benchmarking work, I have become fascinated on the role of inventory in the market-driven value network. This is a series of preparation calls.
Freight companies are eventually going to face severe challenges finding drivers to get your shipments where you want them when you want them there. Customers with a strict ‘procurement mindset’ overlook important factors like consistency, overall experience or past performance. On the surface, this sounds like a problem for carriers.
Visibility Through Volatility Mitigate supply chain disruption by synchronizing tendering, rate validation, and freight bookings. The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. However, this specialization has created its own challenges.
Do You Have Hidden Freight Costs? Ocean freight article and permission to publish here provided by Katherine Barrios at xeneta.com. Freight forwarders and shippers/BCO s are on a constant quest to have a better understanding of their ocean freight costs and ultimately have larger margins. Email Address. Plan effectively.
Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your ocean freight prices. So how can you be sure you’re getting the best freight rates possible?
Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurementbenchmarking database. It demonstrates the advantages of working with a digital procurement strategy. Important Digital Procurement Trends.
that is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Building a Freight Juggernaut Again with Michael Leto. About George Abernathy.
The acquisition will create what Swissport describes as a single point of contact for shippers, cargo airlines, and freight forwarders while offering such services as aircraft handling, warehousing, customs clearance, tracking, and preparation for final delivery. I wear a number of hats these days.
Only motivation is to save money on freight rates. RFP’s give you the opportunity to negotiate/award freight rates that will have a major impact on your budget for the year. Benchmark yourself against historical and current market indexes. Use only your data to determine benchmarks for your next RFP. Escalation Process.
Freight consolidation is a key area where transportation costs can be reduced. Targeted Procurement. Leveraging benchmarking data from the TMS, logistics professionals will evaluate how much money a company is paying a carrier for their lanes. Supply Chain Optimization. Mode Shift.
So far, we’ve covered order promising and delivery , replenishment planning and distribution services , supply chain benchmarking , orchestration , and harmonization. . The new technology architecture supports the entire procure-to-pay process in a multi-party, multi-echelon network.
Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. In-bound freight delivery efficiency can be optimised by consolidating in-distribution hubs and reducing stock levels at country level.
While a big chunk of cost lies within procurement, manufacturing and distribution activities, cost reduction from procurement function seems to deliver substantial savings quicker. Classification of commodities allows a company to benchmark its the purchased price against a standard price which is maintained by solution providers.
Regardless of whether your freight is moving on your assets or someone else’s, strategic route planning can result in fewer miles driven and less emissions. You can make a conscious choice to use carriers that have demonstrated environmental responsibility and build this into your TMS carrier management or procurement preferences.
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