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


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.


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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Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

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

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 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!

How to Procure Full Truckloads in Tight Capacity


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.

Fed up with cargo congestion, freight forwarders flee O’Hare airport

The Supply Chain Journal

The problem stems from the rush of ad hoc all-cargo aircraft being substituted for grounded passenger jets amid the travel downturn combined with the surge in e-commerce orders, inventory replenishment and ocean shipping backlogs that have companies turning to air to move their goods.

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Report Points to Increase of Shippers Outsourcing Transportation Management Due to These 4 Core Benefits


A distributor or manufacturer’s strength is in making product—its focus is procurement and streamlining production, but without the capability to fulfill orders, it is doomed. According to a recent report from Evan Armstrong of Armstrong & Associates, the 3pl industry is expected to see even more growth in the coming years than it saw from 2010-2013. Let Cerasis guide you with a freight invoice analysis or a transportation management assessment and consultation.

How Freight & Transportation Data Can Trim Your Transportation Spend


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


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


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?

Supply Chain Capacity in Ocean and Air Subject to Uncertainty Thru Recovery

Intelligent Audit

Having intimate knowledge of available supply chain capacity in every shipping mode continues to be paramount for companies to meet consumer demand as economies recover after recessions felt during the global COVID-19 pandemic. Increased surcharges will increase overall shipping costs.

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.

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. Ships and carriers use heavy fuel oil that contains Sulphur. Under this regime, the primary responsible party in the freight market will be the vessel owner or operator.

Avoid Hidden Charges on International Shipments


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’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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What you need to know about rail and road safety — WTT

The Supply Chain Journal

We’ll also take a look at supply chain procurement challenges and get the word on the beat about how UPS will Make-A-Wish come true for one young boy. On today’s episode, Dooner and The Dude are talking all about safety.

The Vaccine Distribution Supply Chain!

Supply Chain Game Changer

Procurement of Vaccines. government is reported to have agreed to contracts worth $1.9 This targeted deployment will require much more precision in distribution than if the vaccine was just shipped en masse to all population centres. Subscribe Here! Email Address.

The Data Behind Amazon’s Logistics and Fulfillment Play


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


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.

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.

Adoption of Digital Platforms by SMEs & MSMEs in Supply Chain Post COVID-19


Global Supply Chain is the backbone for every nation’s growth as it is a sum of all the processes & operations from procurement of raw materials, through the manufacturing & ends at the sale, transport & distribution of these products.

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Experts Choice Of Top Online Logistics Resources


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


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.

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


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.

Logistics Visibility: Freight Accruals & Recognizing Revenue

Freight Plus

Accounting for freight costs is a complicated process that shouldn't be reduced to simple percentages. It doesn't matter what vertical a business is in, if a company procures and transports freight there's bound to be uncertainty regarding how to account for cost of goods along with their shipping costs. One way that companies keep track of this is with freight accruals. This allows accounting teams to deal with accrued freight cost like an expense account.

Ultimate Guide To Technologies That Are Transforming Supply Chains

The Logistics & Supply Chain Management Society

Thanks to the ability to track the location of items in real-time during shipping, companies can deliver excellent customer service by providing customers with accurate delivery estimates and real-time location information. Weighing and shipping technologies.

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


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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The Top 6 Trends in Logistics Impacting Shippers in 2017


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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Supply chain’s next victim: gamers — WTT [newsletter]

The Supply Chain Journal

Andrew Cox reports declining tender volumes last week may be a function of the Commercial Vehicle Safety Alliance’s 72-hour safety blitz , a time when many drivers take off and shippers respond accordingly by pushing or pulling freight away from this week.

The Top 6 Reasons to Have a Good Inbound Logistics Program


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.

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.

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


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.