Intelligent Audit

AUGUST 25, 2022

It has always been essential to have visibility into freight spending. Freight audit & payment (FAP) providers have long paved the way to gaining this visibility by looking at shipping invoices and breaking down freight spend. What Is Freight or Transportation Spend Management?

Real-time Visibility 52

Real-time Visibility Transportation Management Supply Chain Planning Software Optimization Software 52

Intelligent Audit

SEPTEMBER 15, 2021

Discovering billing mistakes through leveraged data from freight audits helps shippers identify cost-cutting opportunities through accurate invoicing and payment processing. Freight audit savings might arise from recouping costs due to overbilling, service guarantee failures, or simply using the wrong carrier for each load.

Waste Reduction 52

Waste Reduction Cost Reduction Strategies Analytics Software Resource Reduction 52

Talking Logistics

JUNE 30, 2015

Transportation has followed the same evolutionary pattern, moving upstream from day-to-day freight transactions to an integral component of top-level corporate planning and procurement strategy. It is easy to understand why strategy is often set aside to meet immediate needs of getting product shipped out the door.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Intelligent Audit

SEPTEMBER 9, 2021

For several reasons, working capital management and freight auditing remain vital for achieving growth and success in the modern supply chain. Freight audit and payment management can help highlight and address these expenses. How Freight Auditing and Payment Boosts Working Capital and Cash Flow.

Freight 52

Freight Expense Reduction Supply Chain Planning Software Cost Reduction Strategies 52

Intelligent Audit

JANUARY 3, 2023

Declining demand is nudging FedEx to continue its cost-cutting and rate-raising strategies as the global environment settles into a new normal amid uncertainties. All three divisions—Express, Ground, and Freight—reported year-over-year volume declines. FedEx Freight reported an 8% increase in revenue to $2.4 billion and a 64.1%

Price Reduction 98

Price Reduction Cost Reduction Strategies Optimization Software Supply Chain Planning Software 98

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

Zipline Logistics

MAY 11, 2021

Freight rates continue to remain elevated in year-over-year comparisons. Produce season is a yearly occurrence and, for its duration, it can widely affect capacity and freight rates. Produce season is a yearly occurrence and, for its duration, it can widely affect capacity and freight rates. So why is that the case?

Capacity 52

Capacity Freight Los Angeles United States 52

Zipline Logistics

DECEMBER 22, 2020

But with freight conditions like those we have seen throughout most of 2020, building in additional lead time is an even more essential piece of your logistics operational puzzle. Building-in additional lead time in a tight freight market is crucial. On-time freight performance also increased to 99.27%. Efficiency improvements.

Freight 52

Freight Cost Reduction Strategies Shipping Price Reduction 52

CH Robinson Transportfolio

JUNE 26, 2019

And bringing air freight services into the spotlight. . Because consumers use technology to do on-the-spot price comparisons, they can order from any company in the world that has their desired product. That’s where air freight and third party logistics providers (3PLs)—like C.H. The state of today’s air freight market.

Supply and Demand 34

Supply and Demand Expense Reduction Price Reduction Inventory Reduction 34

20Cube Logistics

FEBRUARY 11, 2022

Additionally, when the ports are facing capacity crunch or the tariffs of ocean freight and container skyrockets, it iis airfreight that comes as the savior. With the current business scenario changing at a rapid pace, the freight forwarding industry is shifting its focus towards airfreight. Capacity Crunch of Ocean Freight.

Agile and Lean Supply Chain 74

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning 74

CH Robinson Transportfolio

JUNE 26, 2019

And bringing air freight services into the spotlight. . Because consumers use technology to do on-the-spot price comparisons, they can order from any company in the world that has their desired product. That’s where air freight and third party logistics providers (3PLs)—like C.H. The state of today’s air freight market.

Supply and Demand 35

Supply and Demand Expense Reduction Price Reduction Inventory Reduction 35

Talking Logistics

OCTOBER 30, 2018

In 2018, tender reject rates have reached as high as 25% in late July, and although they’ve fallen to nearly 14% more recently, that’s still a significant volume of freight moved via the spot market. Unsurprisingly, carriers are feasting on their advantage in this atmosphere. Consider the potential savings.

Optimization Software 101

Optimization Software Capacity Logistics Network Optimization Software Supply Chain Software 101

ShipBob

JANUARY 6, 2023

You’ll also get a quick comparison of the top providers to make your search easier. Transportation management systems also enable you to automate your freight tendering process. By automatically dispatching carriers, you can significantly expedite steps such as booking and tendering of freight. Fleet/carrier management.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 52

Intelligent Audit

JUNE 13, 2022

com revealed that Kuehne + Nagel’s seaexplorer ocean freight platform shows that “while congestion is better than it was compared to year-end, it has been getting worse over the past fortnight.” Time will tell how long the country will uphold its zero-covid strategy as the rest of the world moves on to cohabitating with the virus.

Price Reduction 52

Price Reduction Supply Chain Strategy Supply Chain Software Supply Chain Optimization 52

Talking Logistics

AUGUST 28, 2018

Next, researchers looked at freight attributes of shippers. Leader Group 1, which used more asset carriers than brokers, achieved an 82% rating; Leader Group 2 used more brokers than asset carriers and achieved 81% (for comparison, Laggards achieved 46%). On time delivery (OTD). Asset carriers and brokers could both be high performers.

Research 106

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

AFFLINK

JUNE 14, 2016

We've suggested four of the most valuable key performance indicators (KPIs) to determine whether or not your sustainable supply chain management strategy is meeting your intended outcomes. Once you know your energy usage rates, you can start making comparisons, and find ways that you’re losing money or energy. You're not alone.

Waste Reduction 48

Waste Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 48

Talking Logistics

JUNE 20, 2017

Cost (Line Haul RPM): The rate per mile that is being paid for freight movement before fuel and other incidental charges. When glancing across the different metrics, routing guide compliance may also reflect a decline, which means the load planners are deviating from the established routing plans in order to cover freight.

Global 108

Global Scenario Planning Metrics Benchmarking 108

GlobalTranz

JULY 5, 2016

We continue our series on the top 5 blogs in our 4 main categories ( Freight , Manufacturing , Logistics , and Supply Chain ). Our first post covered the Top 5 Freight Management blogs of 2016. e-Book] The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs.

Logistics Network Optimization Software 132

Logistics Network Optimization Software Logistics Supply Chain Design Software Modeling Software 132

Intelligent Audit

AUGUST 11, 2021

Nominations for the 2022 FreightTech 100 Awards are now being accepted With the upcoming peak season on our minds and with more than 25 years of revolutionizing freight auditing and payment processing, Intelligent Audit wants you to take a moment to reflect on the past year’s innovations and humbly asks for your nomination.

Analytics Software 52

Analytics Software Supply Chain Design Software Modeling Software Supply Chain Planning Software 52

Freightos

JULY 26, 2018

Not even B2B is spared from these changing expectations (which is why we at Freightos launched an online freight marketplace ). While freight industry executives likely sighed with relief when an update of Amazon’s logistics.amazon.com page on June 28th turned out to be nothing more than a franchise model for courier delivery services.

Logistics Network Optimization Software 132

Logistics Network Optimization Software Data Logistics Supply Chain Planning Software 132

GlobalTranz

APRIL 10, 2017

Shippers often forget about the possible savings through an effective inbound logistics strategy. Reducing Costs in Shipping with a Focus on Inbound Logistics Strategy. While some vendors might disagree with plans to implement and inbound shipping strategy to reduce your costs, remember that you must look out for your company first.

Cost Reduction Strategies 179

Cost Reduction Strategies Vendor Strategies Inventory Reduction Negotiating Skills 179

ToolsGroup

AUGUST 1, 2022

As a retailer, you must plan a customer-centric returns strategy in order to build client trust and prevent negative reviews on social media, websites, and other channels where customers interact. As a result, regardless of freight costs, seamless mail-in returns to the distribution center or ecommerce site are almost better for retailers.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Intelligent Audit

SEPTEMBER 1, 2022

Technology has moved businesses forward in creating efficient processes and gaining improved insights into transportation management and freight spend , but are you using these to your fullest advantage? You should utilize technology and larger-scale strategies to streamline the logistics process. Create Data-Backed Strategies.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Network Optimization Software Supply Chain Network Software 52

CH Robinson Transportfolio

JULY 19, 2020

Trusting supply chain experts to help can bring experience and expertise to your strategy that you wouldn’t otherwise have access to. What freight qualifies for LCL shipping. Only freight that can account for added transport time is a good fit for expedited LCL shipping. LCL shipping vs. full container load (FCL) or air freight.

Material Savings 44

Material Savings Cost Reduction Strategies Inventory Reduction Shipping 44

Turvo

OCTOBER 21, 2021

Reason for the drastic increase in freight prices . Probable events that will lead to a downfall in freight prices. In recent months, businesses and shippers have been plagued with abnormally high freight rates. For comparison, the prices stood at just under $11,000 for a similar container in the last week of July 2021.

Freight 81

Freight Price Reduction Cost Reduction Strategies Scenario Planning 81

Supply Chain Matters

SEPTEMBER 21, 2023

As a means of comparison, the National Retail Federation reported in January that last year’s retail sales during the November to December holiday period grew 5.3 On the fulfillment network side, as part of the prescribed high level reviews of all businesses, an analysis was made of the company’s operational and freight cost factors.

Cost Reduction Strategies 59

Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction Logistics Network Optimization Software 59

GlobalTranz

JULY 28, 2015

The transportation mode LTL, or Less Than Truckload, has grown to become the predominant, preferred means of freight transportation across the US. But, absolute gains in LTL freight volumes have been decent, such that tonnage in 2014 passed the pre-recession highs. 3% annual growth after that.

Purchasing Skills 120

Purchasing Skills Negotiating Skills Manufacturing Procurement Cost Reduction Strategies 120

Cathy Roberson

AUGUST 2, 2021

Year-over-year comparisons are extraordinary due to the temporary suspension of operations at several of its customers’ sites as a result of COVID-19. In addition, as noted in an earlier story I wrote , some retailers, such as Costco, are delivering their own big and bulky items as part of their customer satisfaction strategy.

Vendor Strategies 82

Vendor Strategies Inventory Reduction Material Savings Logistics Network Optimization Software 82

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

GlobalTranz

NOVEMBER 25, 2015

As we see this year, there are more cars on the road (meaning carriers want that attractive freight), and we are also seeing tight capacity. Don't let the bird not be the star of the show, make sure your freight is ready to go! That’s not just good news for consumers; capacity is opening up for freight carriers.

Turkey 120

Turkey Comparison Logistics Network Optimization Software Price Reduction 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

SEPTEMBER 16, 2016

Third party logistics (3PL) is the function by where the owner of goods outsources numerous components of the supply chain to a 3PL company that can perform the management function of the clients’ customs, inbound freight, distribution, warehousing, order fulfilment and outbound freight to the client’s customers. Order Fulfilment.

3PL 120

3PL Third Party Logistics Logistics Network Optimization Software Warehousing 120

Ware2Go

APRIL 18, 2022

However, Amazon sellers looking for a more diversified fulfillment strategy that enables them to grow their brand both on Amazon and off may be looking to build their own Amazon distribution network. By comparison, Walmart has over 5,000 retail stores. The Amazon Distribution Network vs the Walmart Fulfillment Network.

Network Optimization 59

Network Optimization Distribution Supply Chain Network Software Inventory Reduction 59

Intelligent Audit

APRIL 20, 2021

Without the cleanse and normalization step, it is difficult to have an “apples to apples” comparison when going into negotiations. Think About Your Exit Strategy and How Easily the Contract Allows for Changing Market Conditions. Consider Working With a Freight Association or Partner to Help During Negotiations.

Negotiating Skills 59

Negotiating Skills Price Reduction Cost Reduction Strategies Benchmarking 59

DELMIA Quintiq

NOVEMBER 30, 2015

For example, should Chinese investment in the ports of Karachi and Pireus qualify as elements of the “One Road” strategy, or are they great commercial opportunities snapped up from sovereign owners at a bargain? Equally, it could become a white elephant project with little impact on European freight transport times or costs.

Sri Lanka 120

Sri Lanka Supply Chain Design Software Supply Chain Planning Software Scenario Planning 120

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

Cathy Roberson

JUNE 28, 2021

The majority of the imports are by way of ocean freight. However, to get a true picture of the footwear supply chain, one must not discount air freight. The percentage of footwear imports via air is much lower than ocean for various reasons depending on individual retailers’ supply chain strategies. respectively.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Expense Reduction Forecasting 52