EazyStock

NOVEMBER 19, 2020

Instead they balance the costs of holding stock e.g. warehouse costs, opportunity costs and cashflow problems, with the risk of not having enough e.g. missed sales targets or costly backorders. Prioritizing which stock items to carry based on their forecasts, an item’s demand volatility and pick frequency and cost of sales.

Replenishment 98

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FreightWaves SONAR

APRIL 5, 2021

Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Tracking market trends within truckload rates relies heavily on data and analysis. The key to avoiding this kind of situation is predictive planning and analysis.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

FreightWaves SONAR

MAY 17, 2023

High frequency data can unlock a whole new world of cost savings for shippers, but it is useless if companies do not know how to use it. SONAR Supply Chain Intelligence (SCI) takes the high frequency data SONAR is known for one step further by providing data analysis that leads to actionable insights.

Optimal Sourcing 52

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3PL Links

DECEMBER 2, 2022

Given that it is a subject that every businessperson should be knowledgeable about, it is a crucial logistics function in the supply chain. Allows for performance analysis. Here are the aspects that characterize supply logistics: Pick vendors who provide better supply conditions, better raw material quality, and more affordable costs.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

GlobalTranz

MARCH 3, 2016

They negotiate good shipping rates and fast deliveries from transportation companies, and connect them with the businesses that need to transport goods or cargo, so carriers can maximize their loads. How to start a freight brokerage. Refresh or Develop Some General Skills. Essentially, freight brokers keep the economy running.

Negotiating Skills 51

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Logistics Bureau

JULY 10, 2023

Let’s begin with a challenge that often frustrates leaders of companies in the startup phase, especially smaller organisations— how to access dedicated logistics expertise , resources, and infrastructure. Is a 3PL Right for Your Business? The achievement is even more admirable if it did so without a 3PL partner.

3PL 53

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FreightWaves SONAR

MARCH 15, 2021

It can also show how a user’s targeted benchmark rate compares to the industry, the overall market, peers and at a pricing level. Paying below-market rates in highly volatile lanes could lead to additional costs. . That helps with planning asset allocation and assessing current pricing structures.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

FreightWaves SONAR

DECEMBER 29, 2020

Freight data can help transportation brokers understand market volatility, allocate assets, identify high priority loads, and negotiate trucking contracts with the carrier. The lack of freight data amounts to managing the company without any visibility into current operations or transportation costs. That is simply unacceptable.

Data 52

Data Negotiating Skills Transportation Supply Chain Software 52

Carter Logistics

MARCH 12, 2019

Blog Topics. Ensure that the price paid is based on agreed-upon rates negotiated ahead of the transportation movement. It also allows cost to be driven out of the system, not only in transportation but also in labor in the shipping and receiving department. The Shared Milkrun Mexico & Border Logistics. For example: i.

Supply Chain Planning Software 60

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FreightWaves SONAR

DECEMBER 22, 2020

With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. A confident, data-driven trucking RFP undertaking can make a big difference in freight spend.

Optimization Software 105

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Logistics Bureau

MAY 8, 2023

I’m talking about enterprises that leave their interactions with freight carriers to one or two people with little or no logistics knowledge or experience because freight and logistics are not core competencies. The answer is that the approach could cost your company vast sums of money in unnecessary logistics costs.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

Logistics Bureau

OCTOBER 20, 2021

“Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs. Perfect order results can help you assess performance and diagnose issues impacting service, costs, and overall supply chain effectiveness. Calculating the Perfect Order.

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

Parade

MAY 15, 2019

2) Phone & Email Once the carrier sales rep has narrowed his/her options down to say, 50 carriers (or less), their next goal is to contact each carrier via phone or email and determine the following: Availability Price Equipment On average, this process takes between 2-5 minutes per phone call/email to determine if this carrier is a good fit.

Negotiating Skills 60

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Blue Grace Logistics

SEPTEMBER 21, 2021

Labor Shortages: In the face of a tight labor market, our shippers are directly affected by the rising cost of truckload capacity – ultimately affecting their profit and growth as a company. The decrease in staffing results in less freight production, organically resulting in increased shipping cost. How to Overcome a Capacity Crunch.

Material Savings 62

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FreightWaves SONAR

MARCH 25, 2021

In other words, a lack of insight into market-by-market and lane-by-lane analysis will amount to trouble in understanding what is going wrong and what is necessary to improve service levels. The ability to apply routing guide insights and market volatility is only as valuable as the level of granularity to which shippers can attain.

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

Logistics Bureau

SEPTEMBER 20, 2022

If you follow our blog, you’ll know that we often post articles about logistics outsourcing. To do so will likely lead to problems at some point, such as when crises arise relating to logistics service and cost. When Cost is Not an Appropriate Reason to Insource or Outsource.

Outsourcing 98

Outsourcing Cost Reduction Resource Reduction Expense Reduction 98

EazyStock

AUGUST 9, 2022

When the cost of raw materials and finished goods starts to soar, it’s critical for wholesalers and distributors to control their operational costs to remain competitive and achieve decent profit margins. Inventory optimization is efficiently and cost-effectively having the right products in the right place at the right time.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Optimal Sourcing Procurement Solutions 52

Freightera

FEBRUARY 21, 2024

We will discuss how other services and companies compare to Freightera using ground freight shipping in North America as the baseline. Array of Services, Features, and Ratings HOW TO READ THIS TABLE. You also may or may not get competitive pricing. They would be able to find you a great price and be transparent in the process.

Negotiating Skills 26

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Freightera

FEBRUARY 21, 2024

We will discuss how other services and companies compare to Freightera using ground freight shipping in North America as the baseline. Array of Services, Features, and Ratings HOW TO READ THIS TABLE. You also may or may not get competitive pricing. They would be able to find you a great price and be transparent in the process.

Negotiating Skills 26

Negotiating Skills Freight Logistics Network Optimization Software Supply Chain Software 26

247 Customs Broker

NOVEMBER 27, 2018

The survey responses also highlight the importance of risk management in supply chains – and how political uncertainty can paralyze companies. Sheffi describes in his blog post, How to Prepare for a Brexit-Style Disruption , there are a number of risk mitigation measures companies can put in place to prepare for this type of crisis.

Supply Chains 28

Supply Chains Scenario Planning Manufacturing Procurement Negotiating Skills 28