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Transportation cost analysis: Going beyond benchmarking for improved carrier pricing

FreightWaves SONAR

From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.

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Truck fleet management: How are my trucks performing in the market?

FreightWaves SONAR

Truck fleet management has always been intensely focused on knowledge of the freight market. Knowing how supply and demand fluctuations go and responding accurately remain keys to growth and success. By using strong management and analysis processes, supply chains can maximize value and stay competitive.

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Decreasing deadheading in trucking: how carriers are turning to data to maximize assets

FreightWaves SONAR

Trucking capacity is tight, and deadheading is the precursor of even stricter capacity. Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. The problem of deadheading in trucking. And there remain significant problems within the industry.

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The benefits of supply chain business intelligence

FreightWaves SONAR

It is clear supply chain business intelligence is essential for success with freight load management. Be sure to consider the interdependencies of the global supply chain.” Let’s take a closer look at them and how they maximize supply chain efficiency and profitability. Download the White Paper.

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What Is Supply Chain Predictive Analytics & Why Should Freight Pros Care

FreightWaves SONAR

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. While still relatively new to the supply chain, analytics implementations have skyrocketed in popularity since its birth a little over 10 years ago.

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6 Steps to conduct a freight spend analysis

FreightWaves SONAR

A freight spend analysis can help cut those extra costs. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues. Let’s look at a few best practices and steps to conduct a comprehensive, insightful cost analysis. Know the scope and value of a freight spend analysis.

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Why near-real-time electronic freight tender trucking data is more reliable than waiting on submitted data

FreightWaves SONAR

Data for data’s sake lacks value, especially in the view of the supply chain. As explained by Fierce Healthcare in 2018, “consulting firm Navigant found that hospitals could save up to 18%, or $11 million a year per hospital, by reworking supply chain. Proactive supply chain management is just that – proactive.

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