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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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How to Build an Ideal Supplier Scorecard

EC Sourcing Group

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. Identify your data sources that can help identify supplier performance. Update the data frequently because interactions and transactions with the supplier change often.

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23 logistics professionals share the #1 way to reduce logistics costs

6 River Systems

“This would increase the complexity of route planning and make more difficult the quest to eliminate empty back hauls as the number of shipping points increases and the number of shipments out of more rural locations increases,” explains Skip Berry in an article published by Clarkston Consulting. Rationalize the number.