How Do You Turn Supply Chain Data Into Actionable Information?

Logility

So how do you turn that data into actionable information? For instance, a modern report for a manufacturer might display all the data about transportation providers as usable information, in a scorecard format. Take freight rates, for example.

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Using Freight Data to Increase Negotiating Power

Cerasis

The application of freight data holds immense potential. Logistics data is valuable to shippers, freight forwarders, logistics brokers, supply chain partners, third-party logistics providers, customers, and everyone else in the supply chain. Moreover, logistics data is an immensely complex arena of information. The post Using Freight Data to Increase Negotiating Power appeared first on Transportation Management Company | Cerasis. Data Freight

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Lean Leadership: The Importance of Having All the Information

LeanCor

We were all trying to make the appropriate choice so that we could tell the driver as soon as possible and get the ball rolling, but we were not presented with enough information with which to make a viable choice. Collecting Better Information to Make the Right Decision. Most times the decision is difficult because you didn’t have all of the information you needed. Typing an additional email typically takes a lot more time that providing the same information in a new email.

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Using Data to Shorten Freight Payment Process With Digital Freight Management

Intelligent Audit

And it relates to a range of issues within the freight payment process. On top of that, there’s a need for tracking information and accurate freight billing. Freight bill payment is a separate and distinct transaction usually still done by matching of documents.”.

Are Ocean Freight Prices Absolutely Broken?

Freightos

And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing $4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken?

The Benefits of Providing Tracking Information to Your Customers!

Supply Chain Game Changer

As a business, providing tracking information is a healthy practice that has numerous benefits both for your company and your customers. Providing tracking information is one of the best ways you can show this. By displaying your shipping and delivery policies and providing tracking information, prospective buyers will feel more comfortable and associate your company with professionalism and authenticity. Subscribe Here! Email Address.

What Exactly is Freight Consolidation?

Supply Chain Game Changer

Do you have a Freight Management Strategy or are you Spinning your Wheels? Freight Consolidation article and permission to publish here provided by Adam Robinson at sonar.freightwaves.com. How can freight forecasting aid consolidation strategies? What is Freight Consolidation?

Trucking & Freight Management Trends to Know in 2019

Cerasis

Freight management is crucial for companies around the globe. Effective freight management reduces delays for consumers, helps companies offer Amazonesque shipping benefits and much more. Shippers that wish to succeed in 2019 need to know the top trucking and freight management trends for 2019 and how they will affect shipping practices, global trade, last-mile , and even drivers. How To Determine Freight Class: Density Calculator & Printable Resource.

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The Future of Freight and How Brokers Fit In

Cerasis

Cerasis is by legal definition a freight broker. Although our claim to fame is our web based TMS freight rating technology, the Cerasis Rater , which includes a technology suite of products and integrated managed transportation services , it is in our interest to understand the future of freight and how we as freight brokers fit in. The future of freight and how brokers fit in looks quite bright. . Autonomous Technology and Freight Brokers.

What Freight Brokers Should Expect in 2015

Cerasis

As a freight broker , you know the importance of staying ahead of trends in your business. 2014 was a dynamic year for shipping and freight, and 2015 might present us with some surprising changes as well. One month in, here are our predictions for freight brokers in 2015: Manufacturing Comes Home. What does this mean for freight? With the cutthroat competition that freight brokers already face, it’s hard to imagine the industry becoming even more competitive.

Freight Forwarding Basics with Miles Varghese

The Logistics of Logistics

Freight Forwarding Basics with Miles Varghese. Miles Varghese and Joe Lynch review and discuss freight forwarding basics. Miles Varghese is the co-founder and CEO of Cargologik , an all-in-one transportation logistics collaboration software developed for freight forwarders.

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Freight Classification Errors, Re-Weighs, & Other Common Freight Adjustments Are Eating Your Bottom Line’s Lunch

Cerasis

Shippers are often challenged when dealing with the freight classification system from the National Motor Freight Classifications (NMFC) book, the code numbers assigned to all products that determine the correct freight class for shipments. As we said in our freight claims series, knowledge is power in avoiding errors that may drive up your transportation costs unnecessarily. A Brief on Freight Classification.

Why a Freight Audit Matters Today More Than Ever

Intelligent Audit

Discrepancies and errors with invoices, records, communications, and processes represent the biggest issues facing companies today regarding freight management. When every partner uses a different platform and process, it can seem difficult to collaborate and share information.

LTL Carrier Profile: UPS Freight

The Logistics of Logistics

LTL Carrier Profile: UPS Freight. UPS Freight is the fourth largest less than truckload (LTL) carrier with approximately $2.4B UPS Freight has 6.9% UPS Freight is based in Richmond, Virginia. UPS Freight is a business segment of United Parcel Service, Inc. Domestic Package, International Package, and Supply Chain and Freight. LTL Carrier Profile: UPS Freight Services. LTL Carrier Profile: UPS Freight History.

What Are the Challenges in Full Truckload Freight Management?

Cerasis

Small and mid-sized shippers face many challenges in full truckload freight management. Different carriers charge different rates, which reflect the relative trucking activity of a destination, and freight management requires navigating a complex system of drivers, trucks, and trailer types, while trying to get the best deal possible. Fortunately, shippers who take the time to understanding such contributing factors and best practices can proactively manage full truckload freight.

[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. A more efficient inbound freight program can minimize delays, save money and even reduce confusion.

LTL Carrier Profile: Con-Way Freight

The Logistics of Logistics

LTL Carrier Profile: Con-Way Freight. Con-Way Freight is the second largest less than truckload (LTL) carrier with approximately $3.3B Con-Way Freight has 9.4% Con-Way Freight is the largest of three 3 operating units owned by Con-Way Inc. Menlo provides supply chain solutions including: transportation management, warehouse management, and information technology. For additional information on Con-Way’s history, click here for Wikipedia’s summary.

Top Freight Blogs of 2016… So Far

Cerasis

We will feature our 5 main categories all week: Logistics , Manufacturing , Supply Chain , Transportation , and Freight. Our goal is and will always be with the Cerasis blog to provide as much value through informative and education blog posts in several categories that are pertinent to those in the manufacturing, supply chain, logistics, and freight industries. 5 Most Popular Freight Blog Posts of 2016.So 9 KPIs to Track for Proper Freight Management.

The 7 Best Events For Freight Shipping in 2015

Cerasis

Are you up-to-date with the latest events in freight shipping and logistics? As you know, the atmosphere for freight brokers is only getting more competitive. Staying current in the world of shipping and freight also takes strong networking and communication. Conferences and expos are a chance for you to hear from the industry’s top players, and most importantly, build relationships with other freight shipping professionals. Freight freight shipping

What Is Free or Freight on Board (FOB), and Why Should Shippers Understand This Term?

Cerasis

One of these terms, free or freight on board, also has irony within its name. What Exactly Is Freight on Board? Freight on board, also known as free on board, refers to a set of Incoterms that govern who owns and pays for a shipment when traveling overseas. However, the interchanging use of free and freight can lead to some confusion, especially considering the terms abbreviation, FOB. Who Pays the Freight Cost for FOB? Freight prepaid.

Improving Global Freight Process Management

Talking Logistics

Many companies operating in the United States have achieved an inclusive look into their transportation spend, but unfortunately many companies that do business on a global level have struggled to achieve full freight process management. State-of-the-art transportation management systems (TMS) certainly help with planning and execution, but advanced freight audit and payment processes are also vital toward obtaining complete process management results.

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Freight Bill Post Audit Vs. Freight Bill Pre Audit: Benefits, The Difference, and Why They’re Both Important

Cerasis

Freight payment and audit services have evolved considerably beyond their one-time scope of correcting errors and recouping spending for already-paid freight bills, particularly in the United States. Freight Audit Benefits. Based on the research of inboundlogistics.com, freight costs can make up 10% of an organization’s expenditure. of the freight invoices. Freight Bill Post Audit. Rather, a pre-audit should be correlated with a freight bill post audit.

The 12 Most Popular Freight Blog Posts of 2014

Cerasis

We first featured the most popular manufacturing blog posts followed by the top Supply Chain blog posts, then logistics, transportation, business, 3PL, and then finally we round out our series today featuring the most popular blog posts focused on freight and freight management. The 12 Most Popular Freight Blog Posts from 2014. Freight is something very near and dear to us at Cerasis. Now you must take the first 6 steps of filing a freight claim.

5 Most Popular Freight Blog Posts of 2015…So Far

Cerasis

As we round out the 5 categories, we come to the place of our expertise: Freight and Transportation Management. As a third party logistics provider squarely focused on freight and transportation management, we also understand that if we only talk about those two categories, we are not thinking well rounded enough. You can view all of the freight blog posts in the Freight category here. . 5 Most Popular Freight Blog Posts of 2015.So Freight freight blog posts

8 Freight Shipping Trends Shippers Must Know for 2017

Cerasis

The freight industry of today is evolving rapidly. It is no longer bound by the traditional constraints of the economy, and Amazon is gearing up to begin expanding to be the best of the global freight shipping providers. As a result, your company needs to think about these freight shipping trends and how you can prepare to respond to them as soon as possible. 8 Freight Shipping Trends Shippers Must Know for 2017. Hours of Service Will Become Core to Freight Operations.

What You Need to Know About Full Truckload Freight Allocation

Cerasis

Poor visibility in freight allocation is a leading reason shippers experience difficulty in managing freight, and this problem is evidence of a disconnect between the person managing freight and company stakeholders. Goodwill notes shipment data granularity and analysis are linked with better freight allocation , which means making use of the full spectrum of available shipping options, including full truckloads. Yesteryear, freight allocation was simpler.

LTL Capacity Best Practices in Times of Tight Freight Capacity

Cerasis

LTL capacity is quickly becoming harder to find, and full truckload carriers have already started to turn away freight. Meanwhile, LTL carriers struggle to meet on-demand needs, so shippers need to know a few LTL capacity best practices to ensure their freight can be moved on time and without added costs. Also, up to 75 percent of major LTL carriers, forming 90 percent of the LTL market , are turning down freight due to lacking capacity. Capacity Crunch Freight LTL

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Whether you are a BCO (Beneficial Cargo Owner), Freight Forwarder or NVOCC it is essential that you get this critical component right. These are the must-haves for any effective freight sourcing team.

Inbound Freight Pricing Changes: 8 Ways to Go About Informing Vendors

Cerasis

Value-adding Features of a Great Freight Rating System Within a TMS

Cerasis

Freight rating software is a necessity for shippers and 3PLs. There is more at stake in the choice of a freight rating system. When shopping for a Freight Rating Software System with TMS, look for key points that will add value and provide additional benefits for shippers. The Basic Functionality of a Freight Rating System. The fundamentals of a Freight Rating System match a user’s shipping and freight characteristics and a carrier’s service and price options.

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Current State of the Logistics and Freight Economy

Cerasis

Although an initial view of the logistics and freight industry seems stale, it represents how the flow of goods and services are sprouting and delivering more with fewer resources. However, recent years have seen more shippers turn to less-than-truckload (LTL) and freight consolidation with full truckload (FT) to reduce the number of trucks on the road. Logistics and Freight Economy: Putting It All Together. Freight Logistics freight logistics

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

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. Smaller companies have lean shipping departments and are often focused on moving product with little time and energy remaining to negotiate contracts and analyze freight spend. Shippers can leverage predicted volumes to reduce price instead of relying on historical information.

Full Truckload Technology: The Various Technology Involved in Full Truckload Freight Shipping Management

Cerasis

In full truckload freight management, technology will make or break plans for keeping freight spend in check. Demand for record-breaking speed of delivery and free shipping are only making the case for greater use of technology in full truckload freight shipping management, and shippers need to understand why. Amazon continues to push its own fleet forward, and the Big Box giants are willing to pay premium prices to get freight to market.

Freight Rates News October 2015

Freightos

Since we live and breath freight, we constantly come across information that’s critical for our customers – logistic providers, shippers and carriers. And as freight innovators ourselves, we love seeing more innovation. Freight Rates News that rates for freight and logistics trends – October 2015. Freight index jitters. Seemingly all international freight indices are down. This is good news for international freight forwarders.

Shipping Freight Isn’t Tactical Anymore: 3 Areas That Require Strategic, Collaborative, & Innovative Thinking

Cerasis

In today's ever more complex supply chain riddled with thousands upon thousands of processes, shipping freight has moved beyond tactical prowess for those who execute well and has evolved to now include strategic, innovative, and collaborative efforts to maintain not only a competitive edge but reduce overall transportation cost footprint. This series' goal is to empower those shipping freight with more confidence. Knowledge of Best Practices in Shipping Freight.