Talking Logistics

JUNE 20, 2017

The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” You need to explore the metric relationships to see the full story. Reviewing the metrics simultaneously helps identify potential cause-and-effect relationships.

Global 108

Global Scenario Planning Metrics Benchmarking 108

Intelligent Audit

NOVEMBER 3, 2021

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. What Are Freight Payment Services. Freight payment service may also be known as freight audit and payment.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Freight Vendor Strategies Expense Reduction 52

Talking Logistics

AUGUST 28, 2018

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.

Research 106

Research Supply Chain Planning Software Supply Chain Design Software Demand Planning Software 106

Intelligent Audit

MAY 6, 2021

That risk of something adverse occurring — a disruption — continues to drive investments of time and resources into more informed decision-making and leveraging logistics analytics. Track the Right Performance Metrics. The next key to transportation network optimization rests with performance metrics. Industry 4.0

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

GlobalTranz

APRIL 10, 2017

Shippers often forget about the possible savings through an effective inbound logistics strategy. In addition, managing vendors and inbound logistics can feel like a lot of work for little gain, yet the possible savings by implementing an inbound logistics program can add up through these key ways.

Cost Reduction Strategies 179

Cost Reduction Strategies Vendor Strategies Inventory Reduction Negotiating Skills 179

Logistics Viewpoints

JULY 19, 2023

However, sustainability in logistics goes well beyond these initiatives. APQC conducts research on supply chain and logistics to help organizations assess the performance of their own processes and functions compared to their peers. By comparison, 85 percent of orders are accomplished in one delivery for those at the 75th percentile.

Sustainability 192

Sustainability Optimal Sourcing Logistics Material Savings 192

Logistics Bureau

SEPTEMBER 3, 2017

And by comparison and with apparently so much to gain, why do some logistics service providers and their clients fail to team up effectively? Making collaboration work at the logistics sharp end is possible, but there are conditions. What Can Companies Gain from Collaborating in Logistics? Shared logistical expertise.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

Logistics Bureau

SEPTEMBER 3, 2017

And by comparison and with apparently so much to gain, why do some logistics service providers and their clients fail to team up effectively? Making collaboration work at the logistics sharp end is possible , but there are conditions. What Can Companies Gain from Collaborating in Logistics? Shared logistical expertise.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

GlobalTranz

JANUARY 30, 2015

If portions are supplied from other parties, it is vital to expose possible exceptions or differences in interpretations of the data provided in comparison to what you control. The methods of evaluating metrics or developing KPIs vary significantly from company to company. How is the data provided?

Transportation 120

Transportation Data Analytics Software Optimal Sourcing 120

Supply Chain Game Changer

NOVEMBER 19, 2018

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. The Supply Chain arranges for the appropriate logistics, and negotiates terms and conditions with Suppliers, audits Suppliers, and deals with quality strategies and issues.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Talking Logistics

FEBRUARY 18, 2015

To find out how having supply chain financial visibility can improve contract negotiations, and to learn how technology can help shippers gain financial visibility across global supply chains, I spoke with Larry Lewis, Kewill’s Senior Vice President, Americas on a recent Talking Logistics episode. There’s also process improvement.

Supply Chain Visibility 100

Supply Chain Visibility Negotiating Skills Optimal Sourcing Supply Chain Optimization 100

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Logistics network inefficiencies can also leave costly trails. All of this at the best price.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Intelligent Audit

SEPTEMBER 30, 2021

In modern freight transportation services, GRI stands for General Rate Increase. As a shipper, it’s impossible to avoid rate increases at times, and while freight invoice audits help to catch errors, not knowing the facts behind GRIs will only open the doors to risk. FedEx Freight shipping rates will increase by an average of 4.9%

Shipping 52

Shipping Expense Reduction Cost Reduction Strategies Resource Reduction 52

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

Zipline Logistics

SEPTEMBER 29, 2020

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.

Freight 52

Freight Manufacturing Procurement Logistics Network Optimization Software Los Angeles 52

GlobalTranz

JULY 14, 2017

Knowing the proper metrics and data points to track promotes cost-effective shipping practices and can improve vendor, carrier and consumer relationships, reports Merrill Douglas of Inbound Logistics. The best-laid plans and metrics to track LTL shipping are only effective when a high on-time performance score exists.

Data 151

Data Negotiating Skills Vendor Strategies Resource Reduction 151

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

MARCH 24, 2015

Although it is certainly important for carriers and shippers to review industry averages in comparison with their own costs and profits, many may use these averages – or benchmarks – without proper conjunctive analysis and without fully understanding their costs and profits. Outbound freight costs as percentage of net sales.

Benchmarking 120

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

Parade

JULY 15, 2019

Meet Everett Johnson, founder and owner of Credence Logistics (CL). It is no surprise that Johnson left and started his own logistics company. It is no surprise that the average tenure of a CSR is very short— about 2 years in comparison to customer sales reps who have an average tenure of about 8 years.

Industrial 106

Industrial Industry Logistics Network Optimization Software Tools 106

Parade

JULY 15, 2019

Meet Everett Johnson, founder and owner of Credence Logistics (CL). It is no surprise that Johnson left and started his own logistics company. It is no surprise that the average tenure of a CSR is very short— about 2 years in comparison to customer sales reps who have an average tenure of about 8 years.

Industrial 97

Industrial Industry Logistics Network Optimization Software Tools 97

Parade

JULY 15, 2019

Meet Everett Johnson, founder and owner of Credence Logistics (CL). It is no surprise that Johnson left and started his own logistics company. It is no surprise that the average tenure of a CSR is very short— about 2 years in comparison to customer sales reps who have an average tenure of about 8 years.

Industrial 60

Industrial Industry Logistics Network Optimization Software Tools 60

Intelligent Audit

MAY 2, 2022

Actionable analytics and insights are meaningful findings resulting from data collection, interpretation, and logistics intelligence. As highlighted by Transport Topics in a January 2022 article discussing freight shipping analytics, “ Data shows total truckload rates year-over-year are holding around 12% higher.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Analytics Software Predictive Analytics 52

Freightos

JUNE 9, 2018

JOIN OVER 1,000 TOP FORWARDERS AND CARRIERS AUTOMATING AIR FREIGHT. DISCOVER AIR FREIGHT SOLUTIONS. Get Air Freight Standardized. Get Air Freight Dynamic. Get Air Freight Connected. Get Air Freight Customer Facing. To date, the industry has a poor track record of creating usable standards. That can’t last.

Cargo 120

Cargo Negotiating Skills Demand Planning Software Supply Chain Software 120

Intelligent Audit

NOVEMBER 5, 2021

Industry respondents said they don’t see an end to current freight conditions, and 2022 TL rates are expected to be up approximately 5.25% compared to this year.” Why Logistics Business Intelligence Is Key to Rooting Out Hidden Costs. Leverage a Well-Integrated Logistics Accounting Software.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52