FreightWaves SONAR

FEBRUARY 11, 2021

The effects of the disruptions over the past year have likely forever changed the industry, requiring shippers to scale and evolve operations radically seemingly overnight. However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Supply Chain Planning Software Optimization Software 98

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. Procurement Event Strategies. Not every platform offers expert-enhanced procurement event strategies on top of a digital platform!

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

CLX Logistics

SEPTEMBER 10, 2020

One of the most efficient ways to optimize a chemical supply chain logistics strategy from top to bottom is through proper planning, analysis, and smart decision-making in the procurement, bidding, and benchmarking process. Determine bidding strategies. Procurement and Bid Management. Evaluate carriers.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Procurement Sourcing Strategies 40

Conger

APRIL 1, 2024

The essence of preventive maintenance is a proactive approach that acts as insurance against unexpected breakdowns that can quickly disrupt business operations. Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Let’s dive in!

Material Savings 82

Material Savings Expense Reduction Resource Reduction Cost Reduction 82

Logistics Bureau

AUGUST 1, 2022

Has your company ever suffered problems with, implemented, or even considered implementing a sales and operations (S&OP) planning process? Often, in our experience, the problem is a human one… It’s not the data, not the process, not the technology, or the strategy, but the people. Who’s Who in the S&OP Process?

Supply Chain Planning Software 104

Supply Chain Planning Software Scenario Planning Operations Supply Chain Design Software 104

EazyStock

FEBRUARY 17, 2021

Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Any business that carries inventory needs to avoid stockouts and back orders.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

GlobalTranz

OCTOBER 16, 2015

, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips.

Negotiating Skills 90

Negotiating Skills Price Reduction Optimal Sourcing Cost Reduction 90

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. I saw how their platform unified finance and procurement activities, but not supply chain. I saw this claim as being more a statement of intention than of fact.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 121

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. How to Begin Your Terms.

Procurement Analytics 84

Procurement Analytics Manufacturing Procurement Procurement Document 84

GlobalTranz

NOVEMBER 16, 2016

Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. As a result, the simplest way of defining a big data strategy must begin with understanding how it will evolve and affect the company. . How to Get Started with Your Big Data Strategy. .

Resource Reduction 91

Resource Reduction Cost Reduction Supply Chain Planning Software Supply Chain Software 91

Conger

MARCH 28, 2024

Telematics : With telematics, operators can display real-time vehicle diagnostics that help to enhance efficiency and decision-making. This data helps in identifying areas for improvement, optimizing operations, and making data-driven decisions. By eliminating manual processes, businesses can achieve greater operational efficiency.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

Ship Monk

APRIL 5, 2024

The fact is, most business owners think of procurement as nothing more than a transactional relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. SRM is more than a one-and-done analysis. Establish KPIs that hold both your suppliers and your procurement team accountable.

Negotiate Pricing 83

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 83

CH Robinson Logistics

JUNE 13, 2022

Our research with Iowa State University and MIT’s Center for Transportation and Logistics have identified the impact of the last 4-days of a quarter to route guide performance, paving the way for applying strategies to mitigate the risk of cost over runs. What is your strategy for quarter end? Consider lane volume predictability.

Transportation 95

Transportation Cost Reduction Price Reduction Freight 95

IoT World Today

SEPTEMBER 27, 2021

Carolina Pinart, the lead for Nestlé’s AI program, said intelligence was driving progress toward the corporate’s three key strategic objectives: enhanced efficiency, digitized operations and sustainability. We don’t have a single operating model – but the question is, what is the right operating model to run all of this.”.

Supply Chain Software 72

Supply Chain Software Modeling Software Manufacturing Procurement Optimal Sourcing 72

Logistics Viewpoints

NOVEMBER 6, 2023

Analysis of what is reported may suggest that a supplier has not been totally forthcoming in what they have reported on the platform. Schneider Electric and EcoVadis Christophe Quiquempoix, VP of Sustainable Procurement at Schneider Electric shared his insights during a panel discussion at EcoVadis Sustain Conference 2023.

Supply Chain Planning Software 133

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 133

FreightWaves SONAR

JULY 24, 2023

This sector covers important activities relating to procurement, transport, and storage of goods. Knowing freight costs in advance is essential to keep total landed costs in check Understanding transportation freight costs and current freight rates for lanes must be the primary goals of cost analysis. Think about this.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. Focus on Carrier Procurement and Management. That includes helping shippers manage the final mile procurement process and even offering in-house services that are available within the 3PL.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Optimal Sourcing Optimization Software Modeling Software 123

Logistics in War

OCTOBER 17, 2019

It is difficult avoid feeling that the successful outcome of the International Forces East Timor (INTERFET) operation was achieved despite of logistics organisation and preparedness, not because of it. We are fortunate in that an Official History of the INTERFET operation is being written.

Resource Reduction 91

Resource Reduction Cost Reduction Operations Military 91

Trinity Logistics

JULY 6, 2021

The bottom line is this is a reactive strategy focused on individuals’ tasks. Are your current strategies effective? You’ll usually find some of your distribution centers are better at procuring freight than others. While a siloed strategy may have made sense for you at one point, companies grow and change.

Optimization Software 71

Optimization Software Optimal Sourcing Sourcing Strategies Price Reduction 71

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. Mr. Rodríguez is the operations strategic planning manager and he leads a team focused on the company’s supply chain design.

Supply Chain Design Software 153

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 153

GlobalTranz

APRIL 6, 2015

However, complex supplier relationships, unreliable sources of material supply, and ever-increasing customer expectations greatly add to the expectations to select the best suppliers and conduct their operations more efficiently. Monitoring and analysis of this data may provide opportunities to intervene before issues becomes major problems.

Optimal Sourcing 118

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 118

Logistics Bureau

APRIL 3, 2023

Access to Economies of Scale By outsourcing manufacturing, logistics, or other supply chain support activities such as procurement , your company may access the economies of scale enjoyed and passed on by specialist service providers. Your organisation may be one of many that a contract partner serves. Let’s take ecommerce as an example.

Outsourcing 87

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 87

Parade

MARCH 18, 2019

Brokerages must think of an alternative data source outside of tribal knowledge to procure high quality and profitable carrier capacity. However, to find carriers that are the best margin, lowest risk, and most likely to accept your freight, requires analysis across multiple data sets and systems.

Optimal Sourcing 84

Optimal Sourcing Data Capacity Price Reduction 84

Logistics Bureau

JANUARY 7, 2020

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 122

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 122

Freightos

DECEMBER 28, 2023

Judah Levine December 28, 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) increased 7% to $1,659/FEU. America operations and rates will likely be impacted as well.

Negotiating Skills 77

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 77

Blue Grace Logistics

SEPTEMBER 21, 2021

This impacts your business with inconsistent rates, uncertainty of available equipment, fulfillment strategy, and more importantly the customer experience. However, a good business strategy enables a better forecast to deal with these situations. Shippers need to be flexible with their operations in times of capacity crunches.

Material Savings 62

Material Savings Capacity Optimal Sourcing Inventory Reduction 62

Freightos

APRIL 27, 2023

Legibility, followed by analysis and the ability to take action can literally change industries. I’ve heard anecdotes from the past two years of SVPs at multinational companies needing to sign off on spot procurement but the degree of interest executives are now showing is impressive. But even since July 2020, much has changed.

Data 62

Data Freight Optimal Sourcing Supply Chain Software 62

GlobalTranz

OCTOBER 6, 2021

OTR freight represents a long-standing aspect of supply chain operations and transportation management. One of the most critical aspects of strong OTR freight management and operations is proper carrier collaboration and partnerships. Carrier Vetting for OTR Freight . Download the White Paper: Over the Road Freight Management Trends.

Optimal Sourcing 86

Optimal Sourcing Optimization Software Modeling Software Supply Chain Software 86

Logistics Bureau

JANUARY 9, 2019

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

Talking Logistics

MAY 14, 2019

Commercialization strategies evolve, supply chains expand, and production rates accelerate. Finished products have high ratios (average 50%) of sourced or procured product content. When operating in a coordinated manner, brand reputation risks are minimized by recalls or customer complaints while improving customer service.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 98

CLX Logistics

AUGUST 17, 2022

A TMS provides visibility into shippers’ transportation operations, trade compliance information, and documentation and ensures the timely and most efficient delivery of freight and goods. Management of the entire logistics operation from front to back, handling multiple languages, currencies, and time zones .

Optimal Sourcing 52

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

Logistics Business Magazine

JANUARY 11, 2023

A forward-thinking process analysis and strategy are essential to implementing intelligent transport management software. From its headquarters in Hallbergmoos, Munich, EURO-LOG AG operates its own data centres and employs over 120 people. Since the beginning of 2018, EURO-LOG AG has been part of the global SupplyOn Group.

Transportation 63

Transportation Logistics Network Optimization Software Supply Chain Software Supply Chains 63

Logistics Bureau

APRIL 4, 2022

At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now. Alternatively, you can procure access to a digital freight benchmarking platform.

Negotiating Skills 82

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 82

Blue Grace Logistics

JANUARY 12, 2021

A new calendar year is a perfect time to set some goals for your organization and start planning new business strategies. COVID-19 has exposed quite a few vulnerabilities in both the procurement and distribution process of goods and materials and the overall transportation process. In the past, companies have simply operated blindly.

Data 62

Data Cost Reduction Supply Chain Planning Software Material Savings 62

FreightWaves SONAR

JANUARY 26, 2021

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.

Price Reduction 78

Price Reduction Cost Reduction Waste Reduction Optimal Sourcing 78

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus payment can provide an infusion of capital for use among owner operators and customers. OTR freight represents a long-standing aspect of supply chain operations and transportation management.

Optimal Sourcing 123

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Supply Chain Software 123

Parade

MARCH 27, 2019

As your team pushes for more carrier re-utilization to reduce the number of new carriers entering your procurement mix, your team builds trust with the carriers that you do the most business with. Your team has already done the pricing analysis and research into these lanes. Reward your most trusted and consistent carriers.

Negotiating Skills 60

Negotiating Skills Price Reduction Security Digital 60