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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. So how can you be sure you’re getting the best freight rates possible?

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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM.

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A Guide to Freight Payment Types, Solutions & Why Shippers Use These Services

Intelligent Audit

The implications of reduced cost in just this one area of processing and freight payment management can have a significant impact on profits. But freight payment remains a very complex and often error-prone process. If we assume an average invoice of $2,500 across modes, that’s roughly 40,000 invoices over the course of the year.”

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4 Ways to Optimize Your Transportation Network Strategy

Intelligent Audit

Of course, that’s possible only if a company can visualize the full movement of freight and know when it makes sense, financially and strategically, to take those steps. Track the Right Performance Metrics. The next key to transportation network optimization rests with performance metrics. Download the White Paper.

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Research: What Leading Shippers Do to Obtain Better Truckload Rates and Performance

Talking Logistics

They multiplied three commonly-used metrics for measuring truckload performance to identify the Leaders: First tender acceptance (FTA). Next, researchers looked at freight attributes of shippers. Laggards tend to use low-performing suppliers, and many of them use asset carriers across all freight attribute types.

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From Predictions to Operations: Compelling Supply Chain AI Use Cases

ThroughPut

Your sourcing department can save valuable time because AI tools analyze suppliers with the aid of relevant data points and metrics and match them with the contract opportunities available. Plus, other significant losses are production time, resources, and of course, money. It directly impacts your workflow and productivity.

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Q4 2020 Freight Market Update: Preparing for 2020 Peak Season

Zipline Logistics

The past three quarters have been anything but typical for the freight market and the domestic economy at-large. The arrival of COVID-19 sent freight volumes skyrocketing to keep up with panic buying at retailers nationwide. Following the short downturn , the freight market began a rapid recovery that has yet to cool off fully.

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