Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. Going forward, it is vital that shippers analyze their freight spend and if required renegotiate their rates regularly to remain competitive.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

When I was advised that this month’s LogiSYM Magazine would have some focus on digitization, I immediately thought about the absence of greenhouse gas (GHG) emissions data in our everyday life. Digitization of processes should include this emissions data going forward. These suppliers do not have to provide carbon emissions data.

Optimal Sourcing 246

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Zipline Logistics

AUGUST 14, 2020

Despite a pandemic that has disrupted many parts of the global supply chain, the freight market has been on a recent tear. According to data from FreightWaves , load volumes were up an additional 2.9 Current outbound tender volume is up 34 percent over 2019 and 38 percent over 2018 in year-over-year comparisons.

Freight 52

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Supply Chain Shaman

NOVEMBER 21, 2018

Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. Supply Chain Risk Drivers: A Comparison of Risk. New forms of data–telematics, GPS, weather, sensor data–could help, but these new forms of data do not easily fit into today’s supply chain solutions.

Supply Chain Planning Software 195

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Enterra Insights

JUNE 28, 2023

“By leveraging supply chain technology and data analytics, businesses are able to identify areas of improvement and create added value — resulting in higher profits. But if you are a part of a small company, by comparison, then you know that most people are doing many different tasks and doing whatever is required to get the job done.

Logistics Network Optimization Software 130

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Logistics Viewpoints

AUGUST 12, 2022

percent from a year earlier, marking a record high for the period, as waning coronavirus cases encouraged more people to eat out, government data showed Friday. billion yen, supported by robust shipments to the United States as well as a weaker yen, according to the data released by the Ministry of Agriculture, Forestry and Fisheries.

Logistics Network Optimization Software 227

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Intelligent Audit

SEPTEMBER 1, 2022

Technology has moved businesses forward in creating efficient processes and gaining improved insights into transportation management and freight spend , but are you using these to your fullest advantage? An effective way to do this is to utilize data from your shipping activity and invoices. Keep up with market trends and rates.

Optimal Sourcing 52

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Intelligent Audit

MAY 6, 2021

technologies are creating new opportunities to digitalize the value chain and create sources of insight and opportunities to optimize networks in real-time.” 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.

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Talking Logistics

SEPTEMBER 1, 2017

Freight Companies Scramble to Reroute Goods in Wake of Harvey (WSJ – sub. LevaData to Transform Strategic Sourcing for Global Procurement and Supply Chain Leaders. MacroPoint uses this data to help transportation brokers, logistics service providers and shippers track the locations of deliveries in trucks.

Logistics Network Optimization Software 0

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SCMDOJO

MARCH 28, 2023

With its decentralized feature, blockchain technology allows real-time data sharing between different parties while ensuring secure data storage and preventing unwanted changes in a network. In comparison, a blockchain search only took 2.2 This application eliminates redundant paperwork and provides real-time freight tracking.

Supply Chain Design Software 107

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EC Sourcing Group

MARCH 12, 2023

Identify your data sources that can help identify supplier performance. Update the data frequently because interactions and transactions with the supplier change often. Some of the most common invoice errors include charging the wrong item price or for the wrong quantity, or charging freight which is not contractually allowed.

Procurement Analytics 52

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ThroughPut

FEBRUARY 23, 2024

Leveraging AI for demand forecasting means: You can analyze any amount of historical data and current trends from external sources to predict future demands more accurately. Embracing AI for supplier management within the supply chain translates to: Optimizing your sourcing decisions through critical data insights.

Predictive Analytics Software 59

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Intelligent Audit

AUGUST 24, 2022

An article by Addepto explains that it can carry out the tasks of analyzing data sets to improve operation methods. Through this data, businesses can see ways to perform better in all aspects of logistics, including warehouse management and analysis, demand prediction, supplier selection, route optimization, and supply chain planning.

Optimal Sourcing 52

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Talking Logistics

JULY 29, 2016

Freightos Launches First International Freight Marketplace to Power $2 Trillion Worth of U.S. In other technology news, Freightos announced “the launch of the world’s first online marketplace for international freight, providing instant comparison, booking, and management of freight services from multiple logistics providers.”

Logistics Network Optimization Software 0

Logistics Network Optimization Software Supply Chain Planning Software Optimization Software Demand Planning Software 0

Intelligent Audit

SEPTEMBER 16, 2021

Freight invoice auditing and payment processing form a major revenue opportunity for shippers looking to cut costs. However, in-house versus outsourced freight audit and payment can have a significant effect on ROI. ” Still, it can be hard to understand what a freight audit entails and how it adds value.

Freight 52

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Freightos

NOVEMBER 10, 2020

Of course, COVID-19 has accelerated this trend, with more consumers working from home and ordering online, while it’s also become easier for sellers to source on Alibaba, import, and then sell on Shopify or Amazon.com. In other words, while demand and sourcing was able to keep up, last-mile distribution became a key bottleneck for SMBs.

Los Angeles 156

Los Angeles China Cargo Warehousing 156

GlobalTranz

NOVEMBER 25, 2015

As we see this year, there are more cars on the road (meaning carriers want that attractive freight), and we are also seeing tight capacity. Don't let the bird not be the star of the show, make sure your freight is ready to go! That’s not just good news for consumers; capacity is opening up for freight carriers.

Turkey 120

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AFFLINK

JUNE 14, 2016

Start at the sourcing phase, move into the assembly line, observe the transaction period between the customer and your company, and end at the customer’s final experience with your brand. Source Energy Use is one of the most holistic measurements available. Ask yourself: Where was there unnecessary waste? Energy Use.

Waste Reduction 48

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Supply Chain Trend

OCTOBER 11, 2022

Asymmetry of Data Ownership. In Pierre Pinson’s article “To Share or Not to Share: The Future of Collaborative Forecasting,” the comparison between data and big oil is striking. Just like oil, data is not evenly distributed among geographies and owners. The retailer monetizes that data. DATA SUPPLIERS.

Forecasting 88

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Turvo

FEBRUARY 9, 2021

This is where freight data recording and analysis can help with the supply chain’s internal adding value. . The Costs of Not Using Freight Data in Managing Logistics. According to Inbound Logistics , “In today’s data-rich world, the logistics industry as a whole is surprisingly behind the times.

Logistics Network Optimization Software 52

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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

GlobalTranz

MAY 20, 2015

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. New products are often introduced in the market and are a source of competitive advantage in industries such as automotive and consumer electronics.

Procurement Analytics 120

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Intelligent Audit

MAY 19, 2022

Many expenses arise from these disruptions that impact the bottom line profits for shippers today; one of the most volatile and impactful is freight bill financing. Managing freight costs and freight payments , whether per mile, per load, or truckload is vital to overcoming the obstacles and disruptions currently plaguing the industry.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimal Sourcing Freight Expense Reduction 52

Intelligent Audit

APRIL 25, 2022

Freight audit data has long been a critical pillar for shippers dealing with domestic and international parcel shipping. With major ports such as Shanghai locking down, ocean congestion is only likely to worsen, leading to higher freight charges and more issues with supply shortages. A Review of Common Freight Charges.

Freight 52

Freight Optimal Sourcing Predictive Analytics Expense Reduction 52

Supply Chain Shaman

JULY 15, 2021

Labor shortages abound for road freight. The Freight Rates for a 40 foot container from China to the west coast of the United States is quadruple the price of a year ago. The supply chain leader is struggling with increased cost and delayed on-time deliveries in ocean freight. The Baltic Index: Comparison In Price.

Supply Chain Design Software 367

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Intelligent Audit

APRIL 1, 2021

While traditionally these programs are called freight audits, it isn’t solely about LTL or FT. While each shipping mode presents more complexity for managing the freight audit , having a single validated source of truth across your supply chain opens up endless possibilities for shipment and cost optimization. Consider this.

Freight 52

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GlobalTranz

MARCH 24, 2015

Given that our proprietary TMS, the Cerasis Rater , provides multiple reports, giving our shippers’ many insights, this post is quite appropriate, just like getting the data that is meaningful , in order to make the best decisions for your business possible. . Outbound freight costs as percentage of net sales. On-time pickups.

Benchmarking 120

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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. Challenges of Auditing and Payment.

Analytics Software 52

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Intelligent Audit

APRIL 13, 2021

One critical but often overlooked component of successful shipping and logistics management remains freight audit and payment processes. Create a Clear Strategy for Freight Audit and Payment. Real-time conversations and data-sharing ensure all network partners stay on the same page. Standardize Data to Compare Apples to Apples.

Optimal Sourcing 59

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Zipline Logistics

JANUARY 28, 2020

Produce season transportation can have an impact on your freight, even if you do not ship grains, fruits, or vegetables. And if most of your production happens in FL, you may choose to divert sourcing to your secondary facility, say in New Jersey, during heavy produce shipping season months to avoid the heightened costs.

Transportation 52

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Zipline Logistics

JUNE 9, 2020

The freight market is making a rapid recovery as outbound volumes have increased and stayed at several-year-highs over the past several weeks. Due to the holiday, weekly comparisons are skewed, but OTVI is up 7% year-over-year.”. Freight Rates Rise from Historic Lows. per mile according to data pulled from DAT.

New Jersey 52

New Jersey New York Price Reduction Texas 52

Intelligent Audit

MAY 2, 2022

Actionable analytics and insights are meaningful findings resulting from data collection, interpretation, and logistics intelligence. Organizations use actionable insights to make data-informed decisions. Collecting data is not enough if it cannot be processed and applied to supply chain analytics.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Analytics Software Predictive Analytics 52

Freightos

JULY 26, 2016

This tremendous growth was driven by freight shipping, which scaled in size but didn’t significantly improve underlying technology, getting bigger, not getting smarter. In an era that has embraced data technology for improving everything from entertainment to finance, freight is still manual. Sources: A , B.

Logistics Network Optimization Software 120

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Intelligent Audit

APRIL 6, 2022

As always, these surcharges are based on data from prior weeks, and the on-highway diesel fuel apices for this disruption are not yet known. A thorough inventory of costs separated into their categories provides accessible, accurate data. Unify all data within a single source of truth.

Optimal Sourcing 52

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Intelligent Audit

NOVEMBER 30, 2021

The state of ocean freight continues to evolve in the wake of peak season, approaching holiday shipping deadlines , and ongoing disruptions. But imagine this reality: With ocean freight costs setting records, those same errors are now setting records. It’s also impractical to shift solely to air freight when ocean rates soar.

Cost Reduction Strategies 52

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Intelligent Audit

OCTOBER 28, 2021

As highlighted by Hellenic Shipping News , ocean freight has seen a steady increase in recent months, but those impressive numbers are dwarfed by more than double the dry container freight rates and demands. Reliable data and shipping history makes it easier to plan for peak seasons , downtimes, etc.

Cost Reduction Strategies 52

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ShipBob

JANUARY 8, 2021

B2B orders are often purchased less often, sold in bulk, and shipped via freight (or parcel for smaller orders). Suppliers are B2B companies that are the source of goods in most ecommerce supply chains. Provides detailed data reports. B2B orders are often sold in bulk and are shipped via freight (or parcel for smaller orders).

Inventory Management Software 96

Inventory Management Software Supply Chain Design Software Optimization Software Logistics Network Optimization Software 96