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Freight Procurement is a Different Game

Logistics Viewpoints

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

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Amway cuts costs with transportation procurement tool

Transporeon

The challenge For many years, Amway had used a generic sourcing tool that only facilitated communications with the company’s carriers rather than providing access to a supplier database and a collaborative environment to conduct sourcing events. The company began searching for a better way to procure freight and manage bids.

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SONAR Indices & Insights: Improve Freight Shipping Procurement with SONAR SCI’s Lane Acuity Plus

FreightWaves SONAR

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

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The Advantage of Speed: The Cooper Health Supply Chain Relies Upon Real-time Risk Alerts

Logistics Viewpoints

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.

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Stop Bleeding Money with Outdated Freight Bidding Strategies

CLX Logistics

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. The tools listed below will help you navigate all these challenges to achieve the best rates possible without compromising speed or service.

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How Machine Learning Optimizes the Supply Chain

TransAudit

The supply chain, an integral part of modern commerce, continues to evolve, learning from the impacts of industry trends and global events over the years. It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution.

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How Machine Learning Optimizes the Supply Chain

TransAudit

The supply chain, an integral part of modern commerce, continues to evolve, learning from the impacts of industry trends and global events over the years. It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution.