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

Cerasis

The most recent report on adoption rates of TMS is from 2015, with only 35 percent of shippers actively using a TMS, asserts Bridget McCrea of Logistics Management. 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.

10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain. As a result, more shipments can be placed on “fast lanes,” reducing overall freight spend and duration of shipments.

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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. Use of Freight Rate Benchmarking. Subscribe Here!

Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy.

How to Procure Full Truckloads in Tight Capacity

Cerasis

The use of full truckload shipping is rising in popularity, resulting from its lower cost as compared to less-than-truckload (LTL) shipping. Unfortunately, the use of full truckload shipments and expenditures have hit an all-time high, reports Kate Patrick of Supply Chain Dive. Decreasing capacity and increasing full truckload rates are expected to increase throughout 2018, reports Freight Waves. Conducting annual procurement exercises.

10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

Cerasis

at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. BONUS : Download the Guide To LTL Freight Mangement White Paper. 10 LTL Procurement Cost Cutting Tips. Shippers structure a successful RFP when they align themselves with carriers that fit their shipping profile.

How Freight & Transportation Data Can Trim Your Transportation Spend

Cerasis

When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Accurate freight and transportation data is particularly important. Seizing control of freight and transportation spend can improve operating income by five to 10 percent, and boost stock prices by 10 to 20 percent, according to an Accenture study, From a Shipper’s Market to a Carrier’s Market. Matrix Report.

Freight Consolidation for Full Truckload: The Hidden Gem of Full Truckload Shipping

Cerasis

Full truckload shipping is generally less expensive than other over the road transportation modes. Instead of throwing in the towel, shippers can leverage full truckload shipping to ship LTL shipments in the back of a full-size van or trailer. Unfortunately, the surrounding LTL shipping has resulted in an unusual problem; shippers are turning to LTL-exclusive shipments, which can significantly drive up freight spend. Freight Full Truckload

Imbalanced Investments: Transportation Spending vs. Procurement Technology (Part 1)

Supply Chain Network

Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks. Here’s the cliff-note version of the results; the full report is worth a thorough read : Transportation planning is sorely inefficient: According to the survey, only 25 percent of buyers are using a completely systems-based approach for procurement. Freight & Transportation Information Technology PaulMartyn Procurement

Ocean Freight Procurement and Going with the Stream

Freightos

The annual fixed-price contract is the current go-to for ocean freight procurement. Fixing a price is almost futile in a volatile market, and ocean freight now has much more volatility (both frequency and magnitude) than most other commodities. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way. But Does Fixed Ocean Price Procurement Need Fixing? Remember iPods?

How to Be a Preferred Shipping Customer: Strategies for the Coming Capacity Shortage

Talking Logistics

But these positive developments are beginning to be overshadowed by concerns about the ongoing driver shortage: CNN has reported there are currently 30,000 open slots for drivers. Freight companies are eventually going to face severe challenges finding drivers to get your shipments where you want them when you want them there. Customers with a strict ‘procurement mindset’ overlook important factors like consistency, overall experience or past performance.

Avoid Hidden Charges on International Shipments

Shipsy

Shipsy’s rate procurement software comes powered with intelligence around local charges, intelligent reference rates and multiple dashboards around cost saving and vendor participation. Shipsy maintains a sync with all shipping lines and ensures local charges are updated on actuals.

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Avoid Hidden Charges on International Shipments

Shipsy

Shipsy’s rate procurement software comes powered with intelligence around local charges, intelligent reference rates and multiple dashboards around cost saving and vendor participation. Shipsy maintains a sync with all shipping lines and ensures local charges are updated on actuals. Blank Sailings Due to Corona Virus-Increasing Shipping Costs. As all countries are taking measures to restrict the outbreak of Corona Virus, the shipping industry has been majorly impacted.

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IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

The ships now have to reduce their Sulphur emission by over 80% – 85% by switching to Lower Sulphur Fuel. Due to the high level of pollutants in the exhaust of the bunker currently used to power some 60,000+ ships globally, the IMO is going to implement a new regulation regarding these fuels on January 1, 2020. Ships and carriers use heavy fuel oil that contains Sulphur. The ships use the lowest grade of fossil fuel today. Subscribe Here! Email Address.

The Data Behind Amazon’s Logistics and Fulfillment Play

Freightos

This is how he described their impact (emphasis added): “It may be because customers have such easy access to more information than ever before – in only a few seconds and with a couple taps on their phones, customers can read reviews, compare prices from multiple retailers, see whether something is in stock, find out how fast it will ship or be available for pick-up, and more. In other words, if your shipping your own goods, you’re competition. And As For Global Freight….

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A Strategy for Shippers When Markets Telegraph Lower Freight Rates

Supply Chain Collaborator

When broader market rates for truckload freight change significantly, shippers can find themselves paying prices for shipments well outside of what current market rates should dictate. It would seem, shippers are currently experiencing this situation today as the markets telegraph lower freight rates. Here’s the rundown of today’s rate environment and what smart shippers can do to protect their freight spend.

Experts Choice Of Top Online Logistics Resources

Freightos

So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. This is the experts’ selection – but if we had to choose just one, our go-to read is the fast-rising WSJ Daily Logistics Report. Shipping Gazette Daily News. Since 1974 with industry-leading expertise in, well, American shipping. Ocean freight is split into 14!

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

Techniques such as drop shipping and full case fulfillment and replenishment eliminate several handoffs and touches throughout any Supply Chain. Data gathering and data entry, the creation and manipulation of spreadsheets and reports, the production and completion of forms, all purchase order and invoice management activities, product data management, and more are activities that should all be automated in the future. Subscribe Here! Email Address.

This Week in Logistics News (November 5-9, 2018)

Talking Logistics

Okay, turning the corner, here’s the supply chain and logistics news that caught my attention this week: Amazon offers free shipping on all orders for the holidays (CNN). Hunt Locked in Freight Revenue Dispute (WSJ – sub. Shipping Rates to Increase for FedEx Express, FedEx Ground and FedEx Freight Services. Free Shipping as a Competitive Weapon (and Loss Leader). As consumers, we’ve come to expect free and fast shipping.

Tips for Effectively Managing E-Commerce Logistics

Cerasis

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. According to Roberto Michel of Logistics Management , the biggest challenge in e-commerce logistics revolves around the demand for additional last-mile delivery options and next-day shipping, if not same-day shipping. Offer multiple shipping options to consumers. E-commerce is in the middle of a boom.

Ways to think about the Supply Chain of the Future: Artificial Intelligence

Techgistics

According to an article published in The Economist , AI has reduced returns by 2 million units a year and is able to procure 200,000 ítems autonomously without human intervention. trucking moves about 70% of the nation’s freight and since highways account for about 80-90% of the mileage of a long haul truck, there is a highly compelling economic incentive to get autonomous long-haul trucks into operation.

Why Truck Drivers are a Vital Part of the Supply Chain!

Supply Chain Game Changer

In truth, many aspects of everyday life are made possible through the supply chain industry, with trucking alone responsible for 70% of America’s freight volume by weight. Bloomberg reports that the average age of a truck driver is 49, a significantly higher figure compared to the national average of 42, with way too many drivers retiring before new ones can be trained. SCM #SupplyChain #Transportation #Logistics #Freight #Shipping. Subscribe Here! Email Address.

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Disruption in the Freight Brokerage Industry: How to Secure Your Brokerage’s Future

Parade

Freight brokerages and logistics companies with capital are aggressively purchasing other companies with technology assets— this behavior has been accelerating, with a different acquisition or merger taking place every two weeks. For example, earlier this year, Redwood Logistics bought Strive Logistics, and combined, they now have over $1 Billion in freight under management. big disruption in the freight brokerage industry is coming.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Organisations that have successfully implemented RPA initiatives report cost savings of up to 80% and time savings of up to a staggering 40%. Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders.

These 5 Top Logistics Trends for 2018 are a Response to the Growing Customer Experience Movement

Cerasis

Imagine what work would be like if you could offer all customers free two-day shipping. Some customers do not want two-day shipping. They may want three-day shipping, or they may need ship-to-store shipping options. Even the best shipping options do not necessarily work for each customer, and customers will demand variable shipping options more frequently in 2018, reports Kushal Nahata of FarEye.

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Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

2017 Facts and Figures report by Gulf Petrochemicals and Chemicals Association (GPCA), the chemical industry accounts for 3.1 Reported by GPCA, “China is one of the key destinations for GCC polyethylene exports. Following COVID-19 the global chemical supply chain market reported a severe decline in output. Focussing on lowering logistics costs by coordinating time charters or invest in joint shipping lines to capture ship-owner returns.

The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. To meet this increased demands, more manufacturing and logistics partners are looking for ways to shorten product lifecycles through improving inventory management systems, changing shipping strategies and altering the fundamental ways products move from point A to point B. The election is over, but the race is just starting for logistics providers.

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The Top 6 Reasons to Have a Good Inbound Logistics Program

Cerasis

If other words, the costs associated with transportation of items from vendors make up the biggest portion of will transportation costs, reports Amy Roach Partridge of Inbound Logistics. In addition, you can use an inbound logistics program to reduce higher-cost shipments through freight consolidation and backhaul shipping, opening the door to even lower rates than you have previously negotiated with your carrier.

5 More Transformative Supply Chain Technologies Supply Chains Will Focus on in 2018 to Move to the Next Level

Cerasis

While most brands have already integrated live system tracking, secure data exchange processes, and visibility and traceability throughout systems, the use of cloud-based technologies will begin to have a major impact on procurement processes as well, says Marc Wins of Procurement Academy. Supply Chains Will Develop and Take Advantage of Transformative Supply Chain Technologies, like Freight Sharing Apps.

The 4 Key Processes Enabled by a Transport Management System (TMS) in 2015

Cerasis

However, its usage is yet to reach a point where shipping professionals consider it indispensable for their business. However, most of the shipping professionals have at least some knowledge of TMS and are aware that they will have to start using it at some point in the future if they want to continue doing business. As the shipping business has gone global, it has grown in complexity. Freight Technology TMS Transportation transport management system

Experts Unfold Top Supply Chain Technology to Watch

Supply Chain Opz

Consider the following – all in one integrated solution: - full functionality SaaS TMS operational in large scale in all major global regions - a fully integrated global network of carriers across all modes - seamless integration to global trade compliance - automated customs documentation and filing; and - all of this deployed via a SaaS/Cloud solution 80+% of your global carriers and freight forwarders are already in the network. Business environment changes quickly.

5 Supply Chain Mistakes that Handicap Business Performance

Logistics Bureau

Most of those costs will be generated within the supply chain but can remain invisible, or hidden within more general “cost of goods sold” accounting reports, where they constrain business performance by their very presence on the bottom line. A Lack of Freight-cost Knowledge. It’s because an understanding of freight service providers’ costs and rates is essential if you don’t want to pay over the odds for shipping your company’s products.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

WorldShipping.org cites data from The Network for Transit and the Environment that shows that measured by grams/kg/km air freight as the largest carbon footprint impact and steamships as the lowest. According to the American Trucking Association, in the USA trucks move 11 billion tons of freight each year; deliver 100 percent of all consumer products and 70 percent of all freight tonnage; and deliver to the 80 percent of U.S.

TMS Delivers on NASSTRAC’s Five Common Sense Suggestions for Shippers

Supply Chain Collaborator

A recent NASSTRAC report revealed five common-sense suggestions for shippers navigating today’s disruptive operating environment. The hard-hitting new report from the National Shippers Strategic Transportation Council (NASSTRAC) is titled, “ Logistics 2030: Navigating a Disruptive Decade, Year 1 – Freight Transportation ” and it is full of powerful conclusions about what shippers are facing in the coming decade as the pace of technological advancement and change continues to accelerate.

Top 15 Logistics Blog Posts of 2014

Cerasis

To that end, every warehouse manager’s role is to manage the physical environment, loadshifting equipment and people, to decrease the chances of collision and accidents, and often, to help the flow of freight via outbound and inbound freight management; an entire process known as warehouse traffic management. The manufacturing firm would then have to organise shipping of the defective product, testing the product, dismantling, repairing, recycling or disposing the product.