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Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. The freight market is mercurial. One master of freight procurement is Kyle Masters.

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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport.

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Flexibility in the Face of Uncertainty

Freightos

Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.

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Checklist for Transport Spend Management

Supply Chain Movement

For many companies, transportation spending is a perennial target of budget-cutting exercises and a large, multi-faceted cost centre; some may spend three to six percent of their materials costs on transportation. So transportation spend and payment handling are contributors to the overall performance of a company.

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Editor’s Choice: Creating Full Truckload Budgets in a Volatile Market

Logistics Viewpoints

One of the more difficult activities that logistics executives have to engage in is the creation of transportation budgets. Whether it’s for ocean freight, air, rail or truck, the fundamental issue with budgeting is that folks are called upon to assign accurate costs to transportation services that will be provided in the future.

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Realties of Declining Global Trade and Transport Rates More Evident

Supply Chain Matters

Supply Chain Matters highlights the increasing realities of declining global trade and freight rates that are occurring in the first-half of 2023. Background Global wide transportation and logistics costs increased at unprecedented rates during 2021 and 2022. All rights reserved.

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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?