Are Ocean Freight Prices Absolutely Broken?

Freightos

Special thanks to Lars Jensen, CEO at Sea Intelligence Consulting and Zvi Schreiber, CEO of Freightos Group for their input and insights for this report. . Is ocean freight pricing broken? Businesses whose inventories ran down slowly since March started restocking.

[e-Book] The Essential Guide to Inbound Freight Management

Cerasis

How Big Is the Problem Of Inbound Freight Management? Inbound freight management is receiving a lot of attention as businesses continue to look for ways to manage shipping costs. Depending on the industry and size of the company, a business can spend more than 40% of its annual freight budget on inbound shipping, according to the Aberdeen Group, a research firm in Boston. Download the Inbound Freight Management E-Book: Fill out the Form Below.

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

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits. The place to start for a more efficient inventory stocking strategy is better understanding your demand so you can precisely predict how much goods you need, where and when.

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model.

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor’s inventory levels. The distributor maintains the inventory plan. Now the group analyzes each idea.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation? Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. Your inventory becomes obsolete.

Inventory Management Techniques That You Need to Know About

EMERGE App

Not Another List of Inventory Management Techniques. I want to start by saying that this is not an exhaustive list of all the possible inventory management techniques available for all industries. Rather, it’s a carefully curated list of inventory management techniques that work for our wholesale and distribution customers around the world. What we will cover are practical inventory management techniques that: Our customers use; and.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation? Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. Your inventory becomes obsolete.

Case Musti Group: Thriving in a Complex, Multinational, Supply Chain Environment

RELEX Solutions

Case Musti Group: Thriving in a Complex, Multinational, Supply Chain Environment. Musti Group Nordic is the leading pet supplies and accessories retailer in the Nordics, with 121 Musti & Mirri stores in Finland, 127 Arken Zoo and Djurmagazinet pet stores in Sweden, and also 18 Musti stores in Norway. Musti Group at a Glance. Company name Musti Group Nordic Oy. – Matti Salmi, Purchasing Director, Musti Group Nordic. Retail Case Study musti-group-en

DC 28

A Holistic Approach to Freight Savings with Mike Eberl

The Logistics of Logistics

I was hired as an accountant for an on-demand air charter operator that moved executives and high priority freight. We were primarily in the expedite business, targeting manufacturers of all sizes who were running just-in-time inventory systems that made an intermediary component in someone else’s just-in-time system. 04:25] There’s an approach to freight savings that you use at Customodal, and I was hoping you could describe that to the audience.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

Even slight delays or inventory shortages can have a severe impact on a company’s bottom line. At the height of the pandemic-linked supply chain disruptions, Amazon set the bar extremely high for other 4PL providers, despite initially experiencing inventory shortages.

Ten Steps to Managing Inbound Freight: A Coordinated Dance between Shippers and Suppliers

Material Handling and Logistics

Both inbound and outbound freight require carefully choreographed steps for a successful dance. According to analyst firm Aberdeen Group, a business can spend more than 40% of its annual freight budget oTen Steps to Managing Inbound Freight: A Coordinated Dance between Shippers and Suppliersn inbound operations. A more efficient inbound freight program streamlines processes to achieve greater savings. Implement a dynamic rate allowance program for freight costs.

This Week in Logistics News (September 29 – October 3, 2014)

Talking Logistics

The MetaPack Group Acquires U.S. Con-way Announces Enhancements to Driver Pay Package at Con-way Freight. North American Freight Numbers July 2014. Moving on to omnichannel fulfillment, Manhattan Associates introduced Available to Commerce™ , which gives retailers “the power to offer specific units of inventory available for sale in the most appropriate channel (online, store, same-day delivery, etc.)

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

When demand changes faster than a company’s ability to respond, you can end up with the wrong SKU mix and locations, frequent internal inventory transfers and expedites with high freight costs. Excess and obsolete inventory. To profitably balance service and inventory, we replaced our intensive, manual reactive planning process with an automated machine learning-driven process to more accurately forecast demand and optimize inventory levels. .

How to Use a TMS to Manage Inbound Transportation (And Gain Visibility)

PLS Logistics

Inbound freight management is multifaceted and can eat up more than 40% of the average organization’s annual freight budget, according to Aberdeen Group. Since inbound freight savings have a direct impact on an organization’s bottom line, shippers that make it a supply chain priority reap inventory efficiencies, cost containment and enhanced productivity and service. Download Inbound Freight Cost Management ebook. Visibility TMS Inbound Freight

eBook 164

Pool Distribution: The Speed of Parcel at the Cost of LTL/Truckload

Talking Logistics

At the same time, stores need to be more responsive, so even though they are carrying less inventory, they still need to make sure they have the hot products in stock and they need to be more responsive to [consumer demand].”. So, I would describe less sophisticated pool distribution as ‘Hey, send me your goods, I’ll group them with other shippers, and I’ll tell you when they show up.’

Countering the Bullwhip Effect in a COVID-19 World

PINC

A distribution channel phenomenon in which inaccurate forecasts quickly turn into supply chain inefficiencies, the “bullwhip effect” refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. Suffering a glut in “green” cars at the time, Volvo’s sales and marketing developed a program to move its excess inventory. How long can this boom in freight volumes last?”

How to Make Supply Chain Complexity Work to Your Advantage

ToolsGroup

Too many companies get locked into traditional processes and a familiar vicious cycle: unable to reliably forecast an increasing number of SKU combinations, they load up on inventory to accommodate long-tail, erratic demand. This invariably leads to extra freight costs and excess and obsolete inventory that either needs to be written off or sold at a heavy discount. achieving the same overall customer service level objective with far less inventory expense.

How To 191

This Week in Logistics News (March 4-8, 2019)

Talking Logistics

Providers of real-time freight visibility solutions. Back in July 2017, I interviewed Bennett Adelson, the former CEO of MacroPoint (which was later acquired by Descartes Systems Group, a Talking Logistics sponsor) about OTIF and how it is driving demand for visibility solutions. Here’s an excerpt from the post I wrote: “The reason real-time freight visibility is a hot topic now is that with today’s technology it’s no longer accepted as a black hole,” said Adelson.

Dock Appointment Scheduling: Beyond Traffic Control

Talking Logistics

DAS provides critical data to allow forward deployment of product and cross-docking to accelerate the flow of goods reducing out of stocks and inventory at the same time. This retailer had also deployed a purchase order (PO) to dock door visibility solution to reduce inventory and gain a greater understanding of the flow of goods through the network. In this case, a large percentage of the inbound goods are delivered through supplier-managed freight.

DC 125

6 Tips for Improving Warehouse and Distribution Center Efficiency

Supply Chain Game Changer

You can group packages by their contents, destination or point of origin. Go over your inventory and rate your products based on how often your employees need to retrieve them. Digital technology can take the guesswork out of inventory and warehouse management with employees scanning products every step of the way. Use Inventory Management Software. Subscribe Here! Email Address. Struggling with Process Ownership? Perhaps it’s a Failure to Communicate!

How Logistics Is Proving that Amazon Needs to Be Regulated

Freightos

In itself, that’s a big deal, but its significance is compounded when you consider the trucking shipment volumes such a move will require; it’s essentially jet fuel for their new freight brokerage business. Take into account their FBA warehouse footprint, NVOCC license, and SEC reports flagging forwarders as competition, and you have a solid reminder that Amazon is coming for global freight. Regulating Amazon…Because Freight. Freight Insights General

4 Best Ways Manufacturers Can Perfect Their Supply Chain

USC Consulting Group

A strong Sales, Inventory, and Operations Planning (SIOP) process and culture will provide the information you will need to communicate quickly changing demand and depleting inventory levels to your supply base. If product is delayed in log-jammed logistics channels, work with freight forwarders, customs brokers, and expedited freight carriers who specialize in simplifying and accelerating delivery. Increase your inventory.

TMS: The Mighty Software What Is TMS and How Does It Work?

GTG Technology Group

The TMS system works throughout multiple companies at one time to ensure each person involved has the information required to do their job correctly and move freight for any company where it needs to go. It means the company (or companies) and the driver can communicate with each other at all times to ensure the freight in question leaves from and arrives at the correct locations. TMS focuses on the most reliable, efficient, and cost-effective ways to deliver freight.

What You Need to Know About Demand Forecasting

Unleashed

Therefore, demand planning should work as an active part of your company’s resource planning system in order to forecast purchase and inventory requirements, and predict customer buying habits so that inventory stock levels are optimised while meeting customer demands. Constraints or business rules – does your business always purchase at certain levels to take advantage of a discount or reduce freight expenses?

This Week in Logistics News (September 26-30, 2016)

Talking Logistics

Another Friday where I have limited time, so let’s go straight to this week’s supply chain and logistics news that caught my attention: Uber to move freight, target trucking for the long haul (Reuters). Elementum Expands Supply Chain Management Suite with New Inventory App Powered by World’s Product Graph™. is plotting its entry into the long-haul trucking business, aiming to establish itself as a freight hauler and a technology partner for the industry.

When to Call for LTL Trucking!

Supply Chain Game Changer

Your items are usually grouped together on pallets or in containers. Using this method requires you to be very accurate with inventory records. Freight and Logistics Guest Blog Post Transportation Freight Management logistics managementSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Thank a Trucker! LTL Trucking article and permission to publish here provided by Saeed Darwish.

What If Your Supply Chain Had A Control Tower?

Freightos

The following article was contributed by Batool Iqbal, from Damco Pakistan – a subsidiary of Ap-Moller Maersk Group. The idea of a supply chain control tower emerged in 1990’s, triggered by the need to view and control the movement of goods in factories, distribution centers and pipeline inventories. Recently, SRS (an umbrella group for twenty European retailer groups, selected GT Nexus to deploy a global transportation control tower.

Experts Choice Of Top Online Logistics Resources

Freightos

So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. With over 60,000 monthly viewers, Transport Topics is a prime destination for freight buffs, especially those who specialize in trucking. 150 years of Lloyd’s helps back this new website, which includes frequently updated information on freight and shipping information. Ocean freight is split into 14! Freight Dawg.

Five Benefits of Upgrading Your Transportation Management Software

GTG Technology Group

Waste would be a thing of the past, inventory and financial management systems would work to perfection, and revenues would flow in. When the ARC Advisory Group surveyed logistics managers, more than 40 percent said if they had to shut down their TMS and return to previous processes, their overall costs would increase between 5 percent and 10 percent. System data also reduced carrier overcharges with sophisticated checking that audited freight payments and claims.

Digitalisation of Logistics Industry and its Impact

20Cube Logistics

The recent study by IMARC Group, entitled “Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global logistics market reached a value of US$ 1,171 Billion in 2017 and is estimated to register a CAGR of 2.7% The software allows inventory receiving and put-away, optimises shipping of orders and coordinating with material handling devices and yard management.

Cargo 43

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

To adapt, I recommend that companies form two groups: Operational/Business Continuity Group. This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. The design of the second group is to analyze and reformat the supply chain for economic recovery. Border crossings will be tough, and the infrastructure for the ocean and air freight tumultuous.

How Machine Learning Is Redefining Supply Chain Management

IQMS

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Reducing freight costs, improving supplier delivery performance, and minimizing supplier risk are three of the many benefits machine learning is providing in collaborative supply chain networks.

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

New Transport Mode to Redefine Freight Movement. Keeping track of warehouse inventories with an army of fully autonomous drones (TechCrunch). July 2016 Freight Transportation Services Index (TSI). Employers would also be able to use data generated by e-logs to force truckers to drive in unsafe conditions if they hadn’t hit their hours limits, lawyers for the group said.

Gartner’s 2018 Top 25 Supply Chains List! Is it Still Relevant?

Supply Chain Game Changer

Inventory Turns 3. (10%). I don’t for one second deny that the companies on the list have great supply chains, but there are so many advances in Supply Chain technology, talent, skills and capabilities that it is hard to believe that all of this excellence is restricted to the same group of 20 companies year after year after year. By definition the Peer group that is providing their Opinion scores is restricted to large companies voting on other large companies.