Remove Comparison Remove Freight Remove Sourcing Remove Supply Chain Strategy
article thumbnail

We Are In Trouble. Raise the Red Flag. Be Proactive.

Supply Chain Shaman

The Supply Chain Leader In The Middle Of The Pandemic. While I was able to hug friends again at the wake and I will host my Supply Chain Insights Global Summit in September, the supply chain leader is only ½ way through the COVID-19 response. Today’s supply chains assume that logistics is readily available.

article thumbnail

How to Optimize Your Supply Chain Through Actionable Analytics

Intelligent Audit

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. Why Supply Chain Optimization Matters in the Current Market and Economy. Aggregate Data to Create a Single Source of Truth for Shipping Insight.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Can Airfreight Smoothen the Supply Chain Bottlenecks

20Cube Logistics

Air travel is not only convenient for traveling a long distance in a short span of time, but it is also the one-stop solution in the supply chain industry for the swiftness in operations it offers. With the current business scenario changing at a rapid pace, the freight forwarding industry is shifting its focus towards airfreight.

article thumbnail

From Predictions to Operations: Compelling Supply Chain AI Use Cases

ThroughPut

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. And the effect of inaccurate demand forecasting is felt across the supply chain.

article thumbnail

What Do You Mean by Freight Charges: An Audit Tells All

Intelligent Audit

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
article thumbnail

The 7 Freight Audit and Payment Best Practices

Intelligent Audit

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. Having a clear and thought-out strategy for handling payments, invoicing, and budget planning is critical for maximizing profits.