10 questions about Freight Spend Management. There are numerous ways a shipper can reduce freight spend. And freight costs are continuing to rise, pushed upward by factors such as globalized distribution and unpredictable fuel prices. Supply Chain Movement and software vendor Eyefreight have developed this checklist to provide to pinpoint the key drivers of Freight Spend Management. This is an important aspect of managing freight spend. MORE

The concept of a software-as-a-service (SaaS) platform allows users to tap into the enterprise-level software at a fraction of the cost of developing and maintaining systems in-house, reports Chad Collins of Supply and Demand Chain Executive. Ability to manage both inbound and outbound freight, as well as the use of innovative freight management strategies, such as cross docking. MORE

Good inventory management and the right pick and pack software will help you ship orders with maximum speed and accuracy. Your inventory storage strategy and your pick and pack methods are key here. You might organize your inventory the way you organize your closet. Inventory Storage Strategies. When it comes to managing your inventory, however, throw intuition out the window. If you started out small, you probably initially stored your inventory like with like. MORE

With digitalization, the availability of real-time information of freight and inventory in motion brings more decision-making power and an understanding of supply and demand and where capacity is. This post is credited to Chad Lindbloom. Disruptive technologies are causing a transformative shift in the preferences and demands of the modern buyer, forcing businesses to operate and serve customers in new ways. This impact on supply chain management is particularly great. MORE

Third, it is essential the system generate pre-invoices to reduce carrier invoice uncertainties, eliminate fraud, and manage freight spend. Finally, the system should enable intelligent inventory location management to ensure optimal on-shelf availability for the end customers. The world is becoming smaller and larger at the same time through globalization and the internet. Goods have to be transported across the globe and across the neighbourhood. MORE

Editor’s Note: For additional insights and advice on this topic, watch the recent Talking Logistics episode featuring Chad Andrews discussing this topic with Adrian Gonzalez. With the ownership of inventory and process to fulfill directly to their customer’s customer, manufacturers and distributors now have more balance in their ability to negotiate trade agreements. Chad Andrews is Senior Solutions Architect at enVista. MORE

The 2015 Annual Third Party Logistics Study also reveals that both sides regard themselves as being successful, and shippers are seeing positive results again this year: an average logistics cost reduction of 9%, an average inventory cost reduction of 5% and an average fixed logistics cost reduction of 15%. The Japanese freight mover Kintetsu World Express has expanded recently outside its home market with the acquisition of APL Logistics, which has a strong base in America and Europe. MORE

There are three methods: spreadsheets, online calculators, or inventory management software. Brewery software will capture all the costs of production, from raw materials to freight costs. grew their brewery using inventory management software. Brewery inventory turnover. MORE