Locus

MAY 25, 2022

Here are seven key strategies that they have used to make it happen. Source: statista.com. The advanced route planning feature in a dispatch management platform factors in real-world constraints for determining the most efficient routes. Use data insights. The obvious answer is data. – Statista, U.S.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

FreightWaves SONAR

APRIL 5, 2021

Tracking market trends within truckload rates relies heavily on data and analysis. This kind of real-time data analysis and application is essential for shippers to stay strategic and tactical as they forecast out contract and spot truckload rates. Data-driven insights provide a rubric for guiding RFP processes.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

FreightWaves SONAR

MARCH 16, 2021

Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. These accurate depictions of the market come from the tracking of data. Businesses that have better access to more data have distinct advantages.

Expense Reduction 93

Expense Reduction Price Reduction Data Capacity 93

EazyStock

JUNE 23, 2022

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Unstructured data isn’t as accessible to search or export and is often text-heavy.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

FreightWaves SONAR

JANUARY 25, 2021

It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

FreightWaves SONAR

NOVEMBER 17, 2020

More freight brokers are turning to technology and transportation data to grow their businesses by understanding the true freight market rate. . It’s not solely about knowing basic rates – it’s about using freight data to make the best decisions for all loads – playing both the buy-side and sell-side aspects of freight brokering.

Data 52

Data Sourcing Strategies Transportation Freight 52

Locus

APRIL 3, 2023

All successful modern-day businesses rely on an efficient system of logistics management. An effective logistics solution is critical for optimizing supply chain efficiency, reducing costs, improving customer satisfaction, and supporting sustainability goals. Source: Zebra Technologies). billion by 2025, growing at a CAGR of 16.7%

Optimal Sourcing 52

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

FreightWaves SONAR

JANUARY 11, 2021

And the transportation and shipping industry has a choice to make – to take advantage of trucking data or to ignore it, continuing as before. . Access to data and proper analysis are both essential to maximize profits and reduce costs. Real-time trucking data helps to secure more capacity and better shipping rates.

Data 59

Data Capacity Optimal Sourcing Trucking 59

FreightWaves SONAR

FEBRUARY 23, 2021

Data and freight analytics platforms play a pivotal role in freight forecasting. Data and analytics platforms assemble and organize data for meaningful, actionable use. When the data is collected and made more available and accessible, carriers and logistics service providers (LSPs) can improve trucking operation decisions.

Optimal Sourcing 52

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

Locus

OCTOBER 12, 2022

Choosing a sustainable distribution channel that enables economic efficiency, will minimize costs, and reduce ecological impact while meeting consumer expectations. Adding more sustainable last-mile delivery models can enhance the bottom line through greater efficiencies and boost the company’s brand image.

Material Savings 52

Material Savings Optimal Sourcing Sourcing Strategies Cost Reduction 52

Locus

JULY 24, 2023

Typically supply chain managers at shipping companies would resort to cost cutting strategies and use of legacy solutions. Optimizing the Loads with Locus Automated load balancing and sorting: Implement advanced first-in-last-out (FILO) strategies within distribution hubs, utilizing machine learning algorithms.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Optimization Modeling Resource Reduction 52

FreightWaves SONAR

NOVEMBER 19, 2020

Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. And the past data trends are obsolete and rapidly becoming more so. However, AI can provide a pathway toward more proactive, responsive management strategies.

Supply Chain Software 105

Supply Chain Software Supply Chains Sourcing Strategies Scenario Planning 105

FreightWaves SONAR

JANUARY 6, 2021

The world of transportation sourcing and management is only getting more complicated. Tracking and managing transportation by understanding freight data, particularly tender rejections and a cohort of core analytics, is the only path forward. The first step in building a successful supply chain is to start with vendor sourcing.

White Paper 59

White Paper Optimal Sourcing Vendor Strategies Sourcing Strategies 59

Locus

JULY 17, 2023

This data-driven approach allows dark kitchens to make informed business decisions and deliver a personalized experience to customers. Efficient route planning and optimization becomes crucial to minimize the impact of traffic-related challenges. How do dark kitchens enable this scalable growth?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Modeling Software Logistics Network Optimization Software 52

FreightWaves SONAR

FEBRUARY 25, 2021

Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. Enterprise shippers need a proactive strategy to secure capacity One of the biggest challenges that shippers face remains to secure capacity.

Supply Chain Software 90

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 90

FreightWaves SONAR

MARCH 4, 2021

That’s where data analytics comes in.” Gaining in-depth insights and current data about the supply chain, load statuses, and consumer demands can make it easier for enterprise sippers to adjust and plan. Sourcing capacity and load contracts require the constant attention of management.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

FreightWaves SONAR

APRIL 29, 2021

That has also increased the pressure on retailers to keep other freight and logistics costs low with more capital and expense being dedicated to the development of new omnichannel strategies. . Using SONAR data in contract negotiations with carriers and 3PLs. . Those use cases include: . Evaluating truckload to intermodal conversion.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

FreightWaves SONAR

MARCH 24, 2021

and operates on a more static network, which gains higher cost efficiency than trucking over longer-mileage runs, as further explained by the Association of American Railroads. Freight sourced in rural areas where costs are lower will not have the option of moving on the rail. Request a SONAR Demo. Request a SONAR SCI Demo.

Cost Reduction 85

Cost Reduction Inventory Reduction Freight Sourcing Strategies 85

EazyStock

APRIL 18, 2023

In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. When demand fluctuates, and costs rise, it can be tempting to throw out long-term strategies to react to these changes. How can supply chain managers manage higher inflation and interest rates?

Supply Chain Planning Software 52

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

Parade

JANUARY 7, 2022

Now, in the Source search, customers will be able to see out-of-network carriers that may have capacity to cover their loads. Most brokerages don’t have a strategy or processes and technology in place to extract, store, and use the information in those quotes to build capacity. Reach out to our team to set up a demo.

Waste Reduction 78

Waste Reduction Waste Capacity Sourcing Strategies 78

Parade

JANUARY 7, 2022

Now, in the Source search, customers will be able to see out-of-network carriers that may have capacity to cover their loads. Most brokerages don’t have a strategy or processes and technology in place to extract, store, and use the information in those quotes to build capacity. Reach out to our team to set up a demo.

Waste Reduction 78

Waste Reduction Waste Capacity Sourcing Strategies 78

FreightWaves SONAR

FEBRUARY 25, 2021

Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. Enterprise shippers need a proactive strategy to secure capacity One of the biggest challenges that shippers face remains to secure capacity.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 52

FreightWaves SONAR

APRIL 9, 2021

Checking incoming freight from the source is vital. Considering data in reefer freight enables more proactive RFP processes, including mini-bids. Data is one of the most valuable commodities in the transportation market. Decrease freight spend by getting the right freight data in your hands. Request a SONAR Demo.

Refrigeration 93

Refrigeration Freight Optimal Sourcing Negotiating Skills 93

FreightWaves SONAR

DECEMBER 29, 2020

Freight management parties need to understand why procurement falters without technology and how technology can boost sourcing across all industries. In fact, with reverse logistics peak season upon the industry, data to understand reverse logistics procurement in the shipping industry is even more valuable. . Download the White Paper.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Software 98

Parade

JANUARY 3, 2022

Source Search Parade’s Source Search function allows brokerages to filter carriers in several different ways. The ability to input this carrier data allows brokers to tailor the loads they show to their carriers. Today we're sharing 3 features to help you maximize the benefits of Parade's capacity management.

Sourcing Strategies 78

Sourcing Strategies Optimal Sourcing Price Reduction Capacity 78

Parade

JANUARY 3, 2022

Source Search Parade’s Source Search function allows brokerages to filter carriers in several different ways. The ability to input this carrier data allows brokers to tailor the loads they show to their carriers. Today we're sharing 3 features to help you maximize the benefits of Parade's capacity management.

Sourcing Strategies 78

Sourcing Strategies Optimal Sourcing Price Reduction Capacity 78

FreightWaves SONAR

MARCH 5, 2021

[Should] you just figure out if it should be 5% or 6% [without data]?” In a recession market, there is pressure to operate efficiently and maximizing asset utilization. . SONAR is near-real-time data. A lot of tools that carriers use are a month or more in the rear, as a lot of rating tools are based on 90+ day invoice data.

Negotiating Skills 98

Negotiating Skills Modeling Software Sourcing Strategies Logistics Network Optimization Software 98

FreightWaves SONAR

FEBRUARY 24, 2021

As if geopolitical forces were not enough reason for companies to look for other sourcing locations outside China, the capacity crunch is adding to that incentive. And it all begins with getting the right data sources and insights at your fingertips to navigate the freight market. Request a SONAR Demo.

Price Reduction 92

Price Reduction Cost Reduction Sourcing Strategies Demo 92

Ship Monk

DECEMBER 15, 2023

What We Learned So Far With the numbers in, we gathered findings from multiple sources to suss out the shiniest nuggets of wisdom. We also hope you’re paying close attention to the data coming in because this will become your baseline for many BFCM seasons to come. Only then can you establish ideal pricing strategies and discounts.

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

Parade

JANUARY 10, 2022

Here are some questions you can ask potential capacity management vendors to make sure they can help you design a comprehensive strategy that fits your organization’s needs. It’s important to know where the system is sourcing potential carriers from and how the system knows that those carriers have capacity. How do you measure success?

Vendor Strategies 78

Vendor Strategies Capacity Price Reduction Sourcing Strategies 78

Parade

JANUARY 10, 2022

Here are some questions you can ask potential capacity management vendors to make sure they can help you design a comprehensive strategy that fits your organization’s needs. It’s important to know where the system is sourcing potential carriers from and how the system knows that those carriers have capacity. How do you measure success?

Vendor Strategies 78

Vendor Strategies Capacity Price Reduction Sourcing Strategies 78

Locus

MARCH 30, 2023

All it took Billy Beane from Oakland A’s to break the myth that more money can win more games was data. Your business needs data that reflects on-ground reality to build cost-effective plans for the final mile, and the need for advanced supply chain analytics arises here!

Supply Chain Planning Software 52

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

FreightWaves SONAR

DECEMBER 17, 2020

Therefore, paying attention to data and building actionable metrics are critical to freight forecasting during COVID-19 and through the next disruption. Another way to source new vendors due to changing availability is to look for opportunities to form long-term relationships with partners. Download the White Paper.

Tips 52

Tips Logistics Network Optimization Software Supply Chain Software Logistics 52

FreightWaves SONAR

APRIL 15, 2021

Increased fuel costs as less-efficient vehicles consume more fuel and rely on less eco-friendly material usage. If for nothing other than saving money and increasing their bottom-line profits, supply chain companies today need to embrace the “going green” movement, using real-time data to make the best decisions. Request a SONAR Demo.

Material Savings 52

Material Savings Waste Reduction Expense Reduction Resource Reduction 52

FreightWaves SONAR

APRIL 19, 2021

When it comes to reducing carbon emissions, electric vehicles and switching fuel sources are all the rage. This strategy is important, as 81% of greenhouse gases are made up of carbon dioxide, which comes from the combustion of fossil fuels like coal, natural gas and oil. Request a SONAR Demo. SAY LESS.”.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Material Savings Sourcing Strategies 52

FreightWaves SONAR

MARCH 3, 2021

The most frequently cited technologies include transportation management scheduling (72%), transportation management planning (69%), transportation sourcing (51%), warehousing (51%), network modeling and optimization (45%), and the use of web portals for booking, order tracking, inventory management and billing (40%).”

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Trends 52