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Conducting a Trucking RFP: Tips for Shippers to Optimize Contract Freight

FreightWaves SONAR

Shippers want a significant reduction in the stress of logistics. 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. Request a SONAR Demo.

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How to price freight loads: carriers that use data price more accurately

FreightWaves SONAR

For managers in the transportation industry, freight load pricing accuracy remains a source of confusion and disruption. According to Shopify , “free shipping is just the tip of the iceberg: 39% of U.S. The best and only successful way to overcome flawed data analysis is to use effective technology. is forecast to top $9.6

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6 Truckload freight spend optimization best practices

FreightWaves SONAR

There’s a broad range of options to reduce rates and increase carrier revenue. Track truckload freight accessorial costs As reported by Inbound Logistics , “Carriers price accessorials, such as liftgate or non-commercial delivery, at a premium. Review transportation pricing and contracts regularly.

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What is freight load balance scoring and why should carriers care?

FreightWaves SONAR

Supply chain leaders continue to focus their efforts on finding the right mix of assets used, market positioning and carrier freight pricing strategies. When the freight market meets expectations and is less volatile, it is easy for shippers and carriers to not look at inefficient processes or their transportation procurement strategy.

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6 Tips to Build a Logistics Metrics Scorecard That Guides Decisions

FreightWaves SONAR

Here are some tips to help you build your metrics scorecard faster and easier. . Digital analysis and detail-oriented recordkeeping of all mode activities, including ocean import data , makes it easy to enhance overall performance. . The more focused the data pull, the more concentrated the analysis results are.

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The fundamentals of demand planning and forecasting

EazyStock

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. They could also use just-in-time or just-in-case inventory management strategies to help them to balance their stock levels. Here are some tips on best practices to help you.

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The fundamentals of demand planning and forecasting

EazyStock

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. They could also use just-in-time or just-in-case inventory management strategies to help them to balance their stock levels. Here are some best practice tips to help you.