Remove Benchmarking Remove Freight Remove Shipping Remove Transportation
article thumbnail

The Importance of Sustainability Benchmarking

Logistics Viewpoints

The answer is to invest in sustainability benchmarking tools. Sustainability benchmarking is important for a number of reasons. Ultimately, sustainability benchmarking can help companies to understand whether their initiatives are effective and give guidance on how to make improvements.

article thumbnail

Transforming Freight Benchmarking

Logistics Viewpoints

The vocabulary used in transportation can be confusing. Shippers” are companies that have goods that need to be transported. Carriers move shippers’ freight. Shippers can utilize their own network of carriers that is kept in their transportation management system. Scale is Necessary for Freight Benchmarking.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Benchmarking your Freight Rates for Maximum Supply Chain Efficiency

Logistics Viewpoints

Why are shippers interested in benchmarking and why are we hearing more about it lately? Benchmarking helps ensure they are getting the most out of their supply chain and also provides a platform for further optimization. What is Benchmarking? What is Benchmarking? Currently residing in Mesa, Arizona.

article thumbnail

The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement 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.

article thumbnail

Freight Procurement is a Different Game

Logistics Viewpoints

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 freight procurement is Kyle Masters.

article thumbnail

Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

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. The answer is to benchmark your freight, of course.

article thumbnail

Transportation Strategies for Continued Success

Logistics Viewpoints

When it comes to managing your freight spend, there are a few options to consider. The three traditional methods are the use of a transportation management system (TMS), transportation execution system (TES), and managed transportation services (MTS). Look to the Cloud. Turn to Machine Learning.