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. This goes back to the old adage “junk in/junk out.” The methods of evaluating metrics or developing KPIs vary significantly from company to company.

Transportation 120

Transportation Data Analytics Software Optimal Sourcing 120

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

GlobalTranz

APRIL 10, 2017

Metrics and Auditing Prevent Overbilling and Overpayment to Vendors for Shipping Costs. Through modern technology, the inbound logistics strategy can be executed easier than believed, and real-time order tracking and metrics prevent overbilling and overpayment. Freight Consolidation Enables Better Rates Through Volume Discounts.

Cost Reduction Strategies 179

Cost Reduction Strategies Vendor Strategies Inventory Reduction Negotiating Skills 179

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. Optimize delivery routes, improve freight operations, and propose the best shipping methods to you.

Predictive Analytics Software 59

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

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

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

Logistics Viewpoints

JULY 19, 2023

The report provides a cross-industry perspective on environmental sustainability in logistics including fuel consumption, screening logistics providers, packing material, sales order delivery, and reverse logistics based on 1,157 valid participants. Below are the results from the cross-industry report for environmental sustainability.

Sustainability 193

Sustainability Optimal Sourcing Logistics Material Savings 193

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

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

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

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

GlobalTranz

MARCH 30, 2018

Implementing new technology is a complicated process, but it can be simplified as follows: Integrate systems that control both inbound and outbound freight. The most sophisticated of existing systems kneel in comparison to some of the modern, SaaS-based, platforms. This ensures an adequate safety stock. Focus on visibility.

Analytics Software 172

Analytics Software Supply Chain Design Software Optimization Software Demand Planning Software 172

Intelligent Audit

NOVEMBER 5, 2021

6 report that sentiment in the trucking industry ‘remains notably hot.’ 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.” landed costs for monthly, quarterly or yearly financial reporting requirements.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52

Intelligent Audit

OCTOBER 26, 2021

Additionally, the normalization of data ensures actual, meaningful comparisons between reporting across platforms relying on different standards for coding and reporting of all shipping surcharges and associated expenses. Leading KPIs to Track Performance Across All Modes, Channels, and Providers.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Predictive Analytics Analytics 52

DAT Solutions

NOVEMBER 27, 2017

A net profit of $62 per load is the highest result achieved by mid-sized freight brokers for at least two years. The graph below reveals that October was a record month for brokers' financial performance per load, among other metrics. In October 2016, by comparison, the average profit per load was only $21.71.

Freight 70

Freight Benchmarking Comparison Groups 70

Unleashed

SEPTEMBER 30, 2020

By comparison, the US market is worth almost 10 times more yet only has a 2.7% In a global comparison, the UK has 3 breweries for every 100,000 people, Australia 2 per capita and the United States 1.96. In the second quarter of 2019, off-trade sales were reported at approximately 4.1 profit margin. profit margin. on average.

Price Reduction 104

Price Reduction Inventory Reduction Cost Reduction Strategies Expense Reduction 104