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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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Freight Payment Best Practices to Enable Cost Control

Intelligent Audit

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.

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

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How to Build an Ideal Supplier Scorecard

EC Sourcing Group

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

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Transportation Management System: What is a TMS in Logistics? [+ Top Companies Compared]

ShipBob

You’ll also get a quick comparison of the top providers to make your search easier. Report on important performance metrics. What does transportation management software do? Generally, transportation management software comes with the following features: Load planning. What is a transportation management system (TMS)?

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15 Ways to Reduce the Impact of GRIs & Increased Shipping Rates

Intelligent Audit

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.” The types of business intelligence software used in most organizations. Leverage a Well-Integrated Logistics Accounting Software.