FreightWaves SONAR

JULY 24, 2023

Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. The costs of logistics as a ratio of total expenses are too significant to ignore. The costs of logistics as a ratio of total expenses are too significant to ignore.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

EazyStock

DECEMBER 13, 2020

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. Maybe you need to diversify your supplier network to cover any supplier closures or increased logistical/delivery costs.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

WorkWave

MARCH 26, 2024

Let’s delve into this topic to understand its significance and explore strategies for optimizing delivery routes to enhance customer satisfaction. Efficiency and Cost-Effectiveness Efficient delivery route planning not only benefits customers but also contributes to the company’s bottom line. Start Using RouteManager!

Optimization Software 105

Optimization Software Optimization Logistics Network Optimization Software Cost Reduction 105

Locus

MAY 25, 2022

Take last-mile deliveries for example. Here are seven key strategies that they have used to make it happen. Consistently failIng to do so means definitely losing their confidence, which reduces your revenue, and a decline in profitability. Time to bring your strategies into action using a dispatch management platform!

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

Freightos

NOVEMBER 7, 2023

Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU.

Negotiating Skills 114

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 114

Freightos

JANUARY 15, 2024

The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began.

Negotiating Skills 115

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 115

Ship Monk

SEPTEMBER 19, 2022

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. It wasn’t until your business took off and they kicked you out that you began incurring holding costs a.k.a. carrying costs, and needed to learn what those are. So what exactly is holding cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

FreightWaves SONAR

APRIL 23, 2021

When companies lack visibility into emissions, preventable challenges arise that cost shippers revenue and affect the environment. Understanding emissions data allows optimal planning and strategies for shipment execution, which in turn provides solutions to wasted cargo space and provides the most efficient transportation mode for the job.

Waste Reduction 52

Waste Reduction Cost Reduction Negotiating Skills Sourcing Strategies 52

Logistics Viewpoints

SEPTEMBER 25, 2023

Greenhouses can be constructed to be like semiconductor clean rooms which would eliminate the need for pesticides. Greenhouses can be located near population centers and the growing season can occur all year long; this improves the freshness of food while reducing GHG emissions. With the Affordable Care Act, those days are gone.

Supply Chain Software 131

Supply Chain Software Food and Agriculture Logistics Network Optimization Software Inventory Reduction 131

Freightos

DECEMBER 6, 2023

Judah Levine December 6, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) were level at $1,620/FEU. Asia-US East Coast prices (FBX03 Weekly) were also level at $2,367/FEU.

Negotiating Skills 97

Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 97

EazyStock

JUNE 21, 2022

Many more traditional supply chain strategies originated in a steadier business environment. Predictable business cycles and stable demand allowed supply chain professionals to focus less on solving challenges and more on cost reductions. The main reason companies move over to the cloud is cost savings.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 52

FreightWaves SONAR

MARCH 26, 2021

As an example, World Finance reported that Bryan Trucker, Vice President of Corporate Communications at CSX, stated , “CSX became the first U.S. Lower total transportation cost. These include: Risk of higher freight spend through waiting costs. Higher infrastructure and equipment cost. Request a SONAR Demo.

Freight 97

Freight Cost Reduction Demo Tracking and Tracing 97

Locus

AUGUST 16, 2022

Last-yard delivery has redefined the meaning of convenience and costs in last-mile logistics. Why should businesses prioritize convenience over cost in the last yard? Rather than the cake getting frozen or damaged at the doorstep, placing it in the refrigerator means prioritizing convenience over cost. Let’s dive in.

Cost Reduction 52

Cost Reduction Logistics Network Optimization Software Refrigeration Expense Reduction 52

Shipchain

MAY 29, 2019

Blockchain’s tamper-proof nature eliminates any concerns over data validation, costs of managing data, time delays, and human errors. For example, consider the following benefits of blockchain in the supply chain : Traceability allows for the corruption-proof means of tracking goods, raw materials or shipments in real-time.

Supply Chain Planning Software 126

Supply Chain Planning Software Supply Chains Vendor Strategies Cost Reduction 126

FreightWaves SONAR

JANUARY 7, 2021

Over time, missed opportunities result in higher costs in the form of: Increased driver turnover. Poor tender acceptance strategies. Limited insight into current costs compared to the market. Take this example reported by Richard Davis in Supply & Demand Chain Executive , “It’s 7:00 p.m., Empty miles.

Supply Chain Software 98

Supply Chain Software Supply Chain Design Software Supply Chain Design Automation 98

Parade

DECEMBER 14, 2021

Many Book Now loads get booked outside of brokers' business hours, with little to no broker engagement which helps reduce some cost of booking a load. This helps reduce calls and additional manual activities on both sides. Carriers can book loads when they are winding down their day or at their early start.

Digital 78

Digital Cost Reduction Automation Demo 78

Parade

DECEMBER 14, 2021

Many Book Now loads get booked outside of brokers' business hours, with little to no broker engagement which helps reduce some cost of booking a load. This helps reduce calls and additional manual activities on both sides. Carriers can book loads when they are winding down their day or at their early start.

Digital 78

Digital Cost Reduction Automation Demo 78

Ship Monk

FEBRUARY 9, 2024

If you’re not careful, the costs of forecasting can outweigh the potential savings in inventory costs. For example, if you’re introducing a new product and there are no similar products to draw historical data from, qualitative research is a must to reduce risk.

eCommerce 84

eCommerce Inventory Reduction Operations Modeling Software 84

FreightWaves SONAR

APRIL 1, 2021

LTL shipping rates would historically depend on freight class and the cost per hundredweight . In the past, calculating freight class depended on the physical weight of an item, as well as what else could be shipped within the same truck to set a cost per hundredweight (CPW). Request a SONAR Demo. Request a SONAR SCI Demo.

Negotiating Skills 98

Negotiating Skills Price Reduction Trends How To 98

FreightWaves SONAR

APRIL 19, 2021

When it comes to reducing carbon emissions, electric vehicles and switching fuel sources are all the rage. This strategy is important, as 81% of greenhouse gases are made up of carbon dioxide, which comes from the combustion of fossil fuels like coal, natural gas and oil.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Material Savings Sourcing Strategies 52

EazyStock

APRIL 18, 2023

While they did show signs of reducing, a recent surge has seen levels remain high. High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. Supply chain infrastructure investment reduces. Higher costs of storage.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

FreightWaves SONAR

FEBRUARY 26, 2021

According to Trucks.com , “But reducing the number of miles that carriers drive empty – also known as deadhead miles – has proven to be a more elusive challenge. These major KPIs include: Accessorial cost percentage. Detention cost percentage. Fuel Then, there’s one other factor to consider – fuel costs.

Trucking 96

Trucking Price Reduction Freight Cost Reduction 96

FreightWaves SONAR

MARCH 22, 2021

And as reported by Supply Chain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.” Request a SONAR Demo. Request a SONAR SCI Demo.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

FreightWaves SONAR

SEPTEMBER 29, 2023

For example, as seen in scenario A1, the global unconstrained demand for air cargo will fall by 14% of pre-crisis volumes in the second quarter of 2020 and will not rebound to 2019 levels until around mid-2022.” The lean conundrum is the problem that was created by a sudden surge in demand and extremely lean inventory management strategies.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

EazyStock

OCTOBER 20, 2020

The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. Fine-tune your stock replenishment strategies.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

FreightWaves SONAR

MARCH 22, 2021

For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days. For example, if there is a darker red shading, you can expect that the shipping rates for space in a truck will also elevate on a cost per mile basis. Sign up for a demo here or by clicking the button below. .

Capacity 98

Capacity Demo Price Reduction Cost Reduction 98

RPA Labs

NOVEMBER 18, 2021

Automated systems, push notifications, chatbots, and other examples of RPA in freight forwarding improve freight forwarding customer service. RPA in freight forwarding and real-time monitoring and tracking can reduce delays and improve freight management practices and procedures within the supply chain. Managing Freight.

Freight forwarding 52

Freight forwarding Supply Chain Planning Software Supply Chain Software Inventory Reduction 52

RPA Labs

SEPTEMBER 23, 2021

In addition to the optimization of workflow to gain more speed in business, automation is ramped up to reduce operational costs, collaboration is enhanced, logistics service providers can more confidently provide real-time visibility, and pivot from reactive to proactive management by exception to prevent excessive costs.

Supply Chain Software 52

Supply Chain Software Supply Chains Cost Reduction Resource Reduction 52

FreightWaves SONAR

DECEMBER 3, 2020

Analytics-driven processes to reduce excess inventory. Yet analytics-driven processes can reduce excess inventory. For example, just-in-time fulfillment models, drop-shipping, and cross-docking avoid wasted space. For example, market conditions show shippers’ rate trajectories. Request a SONAR Demo.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 76

Blue Grace Logistics

JUNE 21, 2018

Transportation Management Workflow may be defined as a supply chain workflow that connects and links the various parties involved along the chain from, for example, the seller’s warehouse to the buyer’s warehouse. These analyses can help you optimize your supply chain process and also provide overall cost reduction.

Cost Reduction 50

Cost Reduction Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software 50

AIMMS

MARCH 30, 2020

The examples below show you how to do this in AIMMS SC Navigator Apps, but we encourage you to study these scenarios in the tools you have at your disposal. . Demo in Network Design Navigator . There will most likely be a reduction in labor hours as fewer people will work in a closed, crowded environments.

Supply Chain Design Software 139

Supply Chain Design Software Supply Chain Planning Software Scenario Planning Supply Chain Design 139

EazyStock

JUNE 16, 2022

Having systems and processes in place to reduce the possibility and subsequent impact of supply chain issues is extremely important. For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. AI was once only seen in science fiction. What is machine learning?

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Locus

JANUARY 2, 2023

There are two proven strategies to be on time whether you schedule appointments or deliveries: forward and backward scheduling. . Backward scheduling is another planning strategy where orders are scheduled based on customer-preferred delivery dates and times. This strategy is also called Just-In-Time (JIT) manufacturing.

Material Savings 52

Material Savings Inventory Reduction Resource Reduction Optimization Software 52

Shipchain

MARCH 13, 2019

For example, initiating a recall is streamlined through blockchain by showing all movements of affected shipments. Supply chain leaders can validate payments for goods through blockchain, thereby reducing fraud. Tracking data while in transit reduces damage and ensures drivers maintain compliance. Trucks in the U.S.

Supply Chain Planning Software 119

Supply Chain Planning Software Waste Reduction Logistics Network Optimization Software Freight 119

Ship Monk

MARCH 11, 2024

And when we feel uncertain, humans tend to look for examples of what others in our situation have done. We’ll give you some examples of social proof, and we’ll even rank them in terms of trustworthiness. Low-cut jeans come to mind.) Social Proof Examples, Ranked Social proof can take many forms, and they’re not all equal.

eCommerce 89

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 89

RPA Labs

NOVEMBER 30, 2021

Automation and robotics help to reduce expenses and inefficiencies throughout the supply chain network. These RPA logistics use cases show how RPA can help managers get the most throughput, reduce costs, and create strong relationships with partners by focusing on the following aspects. Reduced Confusion Over Which Rate Is Best.

Supply Chain Software 85

Supply Chain Software Logistics Network Optimization Software Optimization Software Inventory Reduction 85

FreightWaves SONAR

DECEMBER 10, 2020

Some of the most cost-effective software and methods supply chain professionals and the best freight brokers can adopt are supply chain predictive analytics programs. Ultimately, using supply chain predictive analytics is essential to driving down excessive spending and supply chain professionals’ costs. . Request a SONAR Demo.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 95