FreightWaves SONAR

MARCH 4, 2021

With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. Cost reduction strategies in supply chain management remain focused on getting loads from point A to point B as fast and as affordable as possible. Request a SONAR Demo.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

Log-hub

DECEMBER 8, 2023

As per the ATRI data, the overall marginal expenses for trucking marked a significant of 21% increase in the year 2023. To jump straight to the point, some basic strategies for handling rising transportation costs, which we’ll cover in this Playbook, are related to optimal network design and route optimization.

Cost Reduction 52

Cost Reduction Optimal Sourcing Handling Supply Chain Design Software 52

FreightWaves SONAR

MARCH 18, 2021

A great deal of the cost that goes into shipping gets tied up in securing load capacity and budgeting for fees and expenses incurred along the way. Understanding why rate forecasting is so vital and how accurate data and analysis can help improve predictions are essential. Request a FreightWaves SONAR demo now to get started. .

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Data 98

FreightWaves SONAR

FEBRUARY 16, 2021

By using strong management and analysis processes, supply chains can maximize value and stay competitive. Streamline data capture and analysis. Freight intelligence tools help management develop a more unified freight strategy. Data for the sake of data is meaningless without proper, automated analysis and data capture.

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

EazyStock

APRIL 18, 2023

While they did show signs of reducing, a recent surge has seen levels remain high. When demand fluctuates, and costs rise, it can be tempting to throw out long-term strategies to react to these changes. More expensive borrowing. Supply chain infrastructure investment reduces. In 2022, inflation rates peaked at 9.1%

Supply Chain Planning Software 52

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

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. Of course, the more data you need and the more sophisticated your methods are, the more expensive demand forecasting becomes. The amount of data available usually depends on the maturity of the product.

eCommerce 85

eCommerce Inventory Reduction Operations Modeling Software 85

Locus

APRIL 3, 2023

An effective logistics solution is critical for optimizing supply chain efficiency, reducing costs, improving customer satisfaction, and supporting sustainability goals. Logistics management is an essential part of supply chain management and is crucial in achieving operational efficiency, reducing costs, and boosting customer satisfaction.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 52

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. Alignment of rates with market stability grades reduces the risk of rejection and delays. Request a SONAR Demo. Request a SONAR SCI Demo.

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

FreightWaves SONAR

FEBRUARY 16, 2021

Resource savings and better usage of available assets Improved focus and better platforms help reduce overall costs. Predictive rate analysis and implementation across the supply chain Utilizing real-time data and automated analysis provides valuable information to the network. Request a SONAR Demo. Think about it.

Supply Chain Software 59

Supply Chain Software Supply Chains Resource Reduction Expense Reduction 59

FreightWaves SONAR

DECEMBER 30, 2020

This remains key to the overall success of investments within supply chain analysis. And pre-emptive strategies that help isolate and address real-time problems will inevitably rely on real-time freight data and easy-to-access systems. Request a SONAR Demo. Don’t overlook the customer.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

EazyStock

OCTOBER 20, 2020

It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company. ABC analysis, will help with this. Know your star products!

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

FreightWaves SONAR

MARCH 11, 2021

Capacity will shrink; profits will fall; expenses will rise; disruptions will increase; and opportunities will be missed. According to Supply Chain Digital , “A company that utilizes a global trade management system can expect to cut costs, risks and delays associated with manual compliance and tracking efforts.” Request a SONAR Demo.

Data 98

Data Supply Chain Planning Software Supply Chain Software Expense Reduction 98

FreightWaves SONAR

JANUARY 25, 2021

The fees and expenses incurred still must be paid for somewhere along the chain. The best and only successful way to overcome flawed data analysis is to use effective technology. Considering that, it’s easy to see how increased transportation data use can translate into more meaningful pricing strategies. Request a SONAR Demo.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

FreightWaves SONAR

JANUARY 11, 2021

Access to data and proper analysis are both essential to maximize profits and reduce costs. Combined with advances in automation and machine learning, it is easy to see how mundane tasks and jobs can be eliminated. And that will reduce expenses associated with dwell time, shipping delays, customer complaints, and similar issues.

Data 59

Data Capacity Optimal Sourcing Trucking 59

FreightWaves SONAR

DECEMBER 14, 2020

According to John Schulz of Logistics Management , “ experts’ advice for shippers to try and mitigate those rates is to drive efficiency for carriers by reducing waiting times at terminals, offering ‘driver friendly’ freight and trying to save minutes off drivers’ ever-valuable on-duty time during their runs. ” Instantaneous analysis.

Freight 64

Freight Supply Chain Software Logistics Network Optimization Software White Paper 64

FreightWaves SONAR

JANUARY 22, 2021

Having access to real-time data and having shipping technology systems that allow for fast analysis is vital. And an advanced WMS can use preconfigured tools and resources to introduce robotic picking systems, proactive replenishment strategies, and faster pick-to-carton processes with embedded warehouse KPIs too. Request a SONAR Demo.

Supply Chain Software 59

Supply Chain Software Logistics Network Optimization Software Resource Reduction Sourcing Strategies 59

EazyStock

MAY 11, 2021

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

FreightWaves SONAR

DECEMBER 17, 2020

Predictive data analytics can be deployed to improve annual truckload RFP processes, understand how transportation analytics flow seamlessly into the next stage of data analysis and derive more value. If a single load results in an added expense of $30 due to a weather delay, it may not seem like much. Request a SONAR Demo.

Supply Chain Software 52

Supply Chain Software Supply Chains Waste Reduction Expense Reduction 52

EazyStock

JULY 13, 2020

However, no business wants to do this at the expense of and failing to fulfill customer orders. Many inventory planning teams will use a simple stock classification model , such as ABC inventory analysis, to categorize inventory based on each item’s value to the business. However, ABC analysis is quickly out-of-date.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

EazyStock

FEBRUARY 7, 2020

While both are positive strategic moves, operationally, they can lead to a wealth of internal inventory management problems: Difficulties managing a wide range of SKUs efficiently – spreadsheets won’t cut it! Growing companies particularly struggle with finding enough shelf space to carry their expanding inventory.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Ship Monk

DECEMBER 15, 2023

It can be very difficult (and expensive) to stand out in all the noise leading up to BFCM, so it’s important to understand what worked and what didn’t. Only then can you establish ideal pricing strategies and discounts. Sell far less than you thought you would? What was your ROAS (return on ad spend)?

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

Conger

JULY 22, 2021

And this can help reduce errors and cut costs in the process. Reduced Costs. A robust eCommerce WMS reduces the overall costs of operations. You may have heard that expensive warehouse management systems produce the best results. And that will compound errors and reduce efficiency. Let’s check them out.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software eCommerce Logistics Network Optimization Software 52

FreightWaves SONAR

APRIL 29, 2021

Meanwhile, national-branded consumer goods companies gained share from private labels during the pandemic and many are launching direct-to-consumer and subscription services looking to reduce their reliance on retail and reach their most loyal customers. . Pressure to develop an omnichannel strategy with strong customer service levels.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

Locus

MARCH 30, 2023

A few bottlenecks and inefficiencies can make it more expensive and reduce profit margins. This helps you know if your first attempted deliveries are on time and reduce the likelihood of reattempted deliveries. Cost is the primary obstacle to attaining a healthy profit margin from last-mile delivery operations.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Supply Chain Design Software 52

Transporeon

MARCH 22, 2018

However, the more information you request within an RFQ, the more complex the analysis of the results will turn out. This eliminates the need to price in a hedge against low allotments. If you would like to learn more about expressive bidding on freight RFQs and the Ticontract Tendering platform, register here for a free live demo!

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48