FreightWaves SONAR

MAY 17, 2023

Logistics is a complex and swift-changing industry, and decision makers need to be armed with accurate data – and actionable insights – when navigating the evolving landscape. Shippers understand the importance of data. In fact, SONAR SCI customers reduce transportation costs by 4-10% on average.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Price Reduction Cost Reduction 52

Dedola Global Logistics

DECEMBER 16, 2019

How To Reduce Soft Costs in Shipping. When it comes to choosing the right international freight forwarder for your shipping needs, cost plays a factor in your decision. What is the difference between hard costs and soft costs? What is the difference between hard costs and soft costs? How can TrakIt!

Cost Reduction 52

Cost Reduction Negotiating Skills Material Savings Resource Reduction 52

FreightWaves SONAR

APRIL 5, 2021

Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Tracking market trends within truckload rates relies heavily on data and analysis. Data-driven insights provide a rubric for guiding RFP processes.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

FreightWaves SONAR

JUNE 1, 2023

CEO and President John Furner explained how the retailer was digitally combining its ambient, perishable and e-commerce supply chains, which were built separately and in parallel in the physical world. Be like Walmart: Think strategically and long term, past the current crisis or doldrum.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Negotiating Skills Supply Chains 52

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Despite record layoffs in many industries, Canadian manufacturers face a skills shortage in key positions in operations and across the supply chain. All of the above pressures culminate in rising operational costs – from ?labor, Click here to learn more about SYSPRO’s MRP solutions and how to plan and manage uncertainty.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

FreightWaves SONAR

MARCH 5, 2021

And Beth Carroll of 3PL Magazine further explained that sentiment, “How hard can it be to develop a commission plan? Should] you just figure out if it should be 5% or 6% [without data]?” That’s why the only way to figure out a real commission plan rests with knowledgeable sales.

Negotiating Skills 98

Negotiating Skills Modeling Software Sourcing Strategies Logistics Network Optimization Software 98

EazyStock

NOVEMBER 19, 2020

Instead they balance the costs of holding stock e.g. warehouse costs, opportunity costs and cashflow problems, with the risk of not having enough e.g. missed sales targets or costly backorders. Prioritizing which stock items to carry based on their forecasts, an item’s demand volatility and pick frequency and cost of sales.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

FreightWaves SONAR

DECEMBER 29, 2020

However, the application of such data does not necessarily translate into meaningful improvements within day-to-day operations. Yes, analytics add value, but that value often gets overshadowed by the sheer volume of freight data insights available. Talent and skills relevant to supply chain analytics are limited.

Data 52

Data Negotiating Skills Transportation Supply Chain Software 52

Ship Monk

FEBRUARY 20, 2024

This wouldn’t be an ecommerce blog if we didn’t talk about Amazon. Inventory storage, fulfillment, and shipping costs are borne by the seller or paid to a 3PL. When your brand is ready for this, keep us in mind, because we have the expertise and know-how to maintain your fulfillment metrics and help you scale with SFP fulfillment.

eCommerce 84

eCommerce Purchasing Skills Negotiating Skills Inventory Reduction 84

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. Inefficient operations : Absence of proper organization could lead to difficulties for warehouse staff in locating and picking items, causing wasted time and escalated labour costs.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

3PL Links

OCTOBER 4, 2023

The most effective technique to enhance inventory turnover is through data and knowledge. We’ll provide you with some tips in this article on how to increase the inventory turnover at your business. Diagnosis As we previously stated, data and knowledge are the best methods to enhance this indicator.

Inventory 48

Inventory Tips Negotiating Skills Sourcing Strategies 48

Parade

MARCH 8, 2022

They can’t quite work with the terms listed in the Book Now, so , they reach out to see if there’s room for negotiation. This type of data is exactly what Parade needs to get even better. Brokerages can learn a lot from that data. Want to learn more about Parade’s Book Now feature?

Negotiating Skills 78

Negotiating Skills Digital Tools Demo 78

FreightWaves SONAR

MARCH 15, 2021

Read on to learn what is SONAR SCI’s Lane Acuity Plus, what it tells subscribers who have purchased SONAR SCI, and how the application aids freight market participants by gaining deeper lane by lane insights around freight shipping. . This data has been collected over a 4 year period, broken down into shipper industry cohorts.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

GlobalTranz

FEBRUARY 12, 2018

Editor’s note: Today’s blog is from our friend Brandon Stanley. One of the main responsibilities of this manager is to minimize the cost and maximize the effects of the company’s supply chain. Impressive Communication Skills. Writing Skills. That’s when the need for writing skills comes in.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Negotiating Skills Supply Chains 70

GlobalTranz

MARCH 3, 2016

They negotiate good shipping rates and fast deliveries from transportation companies, and connect them with the businesses that need to transport goods or cargo, so carriers can maximize their loads. How to start a freight brokerage. Refresh or Develop Some General Skills. Essentially, freight brokers keep the economy running.

Negotiating Skills 51

Negotiating Skills How To Buyer Training Freight 51

Carter Logistics

MARCH 12, 2019

Blog Topics. Ensure that the price paid is based on agreed-upon rates negotiated ahead of the transportation movement. TMS utilizes accumulated data reports in order to review performance and progress. Data reports reveal the effectiveness and efficiency of the transportation network, including these metrics: i.

Supply Chain Planning Software 60

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FreightWaves SONAR

DECEMBER 22, 2020

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. A confident, data-driven trucking RFP undertaking can make a big difference in freight spend.

Optimization Software 105

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Talking Logistics

DECEMBER 21, 2018

I just wanted to reach out and let you know how much I enjoy your Talking Logistics blog. They can sign up for our email and follow us on Twitter , Facebook , LinkedIn , YouTube , and iTunes to stay informed about upcoming episodes and to read our blog posts on industry trends and news. I like that. What’s the Impact?

Video 60

Video Supply Chain Planning Software Logistics Network Optimization Software Negotiating Skills 60

GlobalTranz

APRIL 17, 2018

These giants have deep pockets, capable of offering low-cost, if not free, parcel shipping. Unfortunately, the volume of small packages shipped , as well as the variety of carriers used, can make keeping costs in check sound like a dream, inaccessible. Shipping data includes verifying invoices for accuracy and recapturing overpayments.

Cost Reduction 60

Cost Reduction Material Savings Expense Reduction Negotiating Skills 60

Logistics Bureau

OCTOBER 20, 2021

You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supply chain organisation. These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.”

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

Freight Center

FEBRUARY 4, 2020

By working with large networks of freight carriers, 3PLs can help control costs by leveraging these relationships. 3PLs can also negotiate prices depending on volume and how often you do business, so partnering and shipping regularly with a 3PL pays off in the long run. Flexibility & Scalability.

3PL 45

3PL Supply Chain Software Optimization Software Negotiating Skills 45

Trinity Logistics

NOVEMBER 17, 2021

Over the last 18 months, the trucking industry has faced uneven supply and demand, congested ports, rising costs, a global pandemic, labor shortages, and a boom in online consumer spending. Freightwaves also collected data on driver wait times. Half of those surveyed reported receiving detention pay only if negotiated in advance.

Supply Chain Planning Software 87

Supply Chain Planning Software Cost Reduction Supply Chain Software Inventory Reduction 87

FreightWaves SONAR

APRIL 7, 2021

USA, VOTRI.USA, TSTOPVRPM.USA Truckload carriers have continued to struggle to provide consistent coverage through the first quarter of 2021, and in return costs have increased. Most of the freight moves under a more consistent pricing structure or “ contract ” rates. Compliance levels fell rapidly, leading to surging spot pricing.

Negotiating Skills 98

Negotiating Skills Compliance Cost Reduction Trucking 98

GoShip Blog

JULY 18, 2022

Freight costs have a substantial effect on profitability and overall business growth. Learn how to optimize these costs to keep your supply chain running smoothly without paying exorbitant amounts for shipping. How freight costs impact your business. Ways you can optimize your freight costs.

Optimization Software 52

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Parade

MAY 15, 2019

The TMS may have some data on carriers, but this is usually impoverished data that is rarely updated. If no data exists in the TMS, use a separate tool of their choice such as; spreadsheets, notebooks, and sticky notes. Each carrier sales rep is on their own island, and so is their data!

Negotiating Skills 60

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SYSPRO Smarter ERP

JANUARY 12, 2022

With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges. They have a contract with a supplier who delivers on time, and who charges acceptable prices.

Manufacturing Procurement 105

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FreightWaves SONAR

MARCH 25, 2021

However, the routing guides can be much more clearly defined by thinking about how they apply to overall shipper stability and why consideration of market volatility data and analytics are critical to understanding service levels. Let’s take a closer look at five reasons why this is the reality of today’s supply chains. .

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

Freightos

JANUARY 25, 2024

Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. We know how to facilitate bookings. even though events lead to capacity and pricing changing dramatically in real-time. Wasting an extra day or two for a price quote or your booking is disastrous.

Logistics Network Optimization Software 110

Logistics Network Optimization Software Optimization Software Digital Buyer Training 110

EazyStock

AUGUST 9, 2022

When the cost of raw materials and finished goods starts to soar, it’s critical for wholesalers and distributors to control their operational costs to remain competitive and achieve decent profit margins. An ERP collates data from all other packages to give an overview of the core business operations. Real-time tracking.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Optimal Sourcing Procurement Solutions 52

Logistics Bureau

SEPTEMBER 20, 2022

If you follow our blog, you’ll know that we often post articles about logistics outsourcing. To do so will likely lead to problems at some point, such as when crises arise relating to logistics service and cost. When Cost is Not an Appropriate Reason to Insource or Outsource.

Outsourcing 98

Outsourcing Cost Reduction Resource Reduction Expense Reduction 98

Ship Monk

JANUARY 20, 2023

Welcome back to the ultimate guide for enhancing your ecommerce knowledge! Businesses set MOQs when their costs are so high or their margins are so low on a particular product that they would lose money or see nominal profits producing or selling one unit at a time. It’s all about maintaining profitability. Product Level MOQ 2.)

eCommerce 52

eCommerce Inventory Reduction Material Savings Manufacturing Procurement 52

Parade

SEPTEMBER 3, 2019

That way, your brokerage can recover the cost of your investment, and capitalize on new opportunities that may not have been available before. Recently, a friend’s brokerage had to do an Electronic Data Interchange (EDI) integration with their Transport Management System (TMS). Question: which provider would you choose?

Optimization Software 60

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Parade

SEPTEMBER 3, 2019

That way, your brokerage can recover the cost of your investment, and capitalize on new opportunities that may not have been available before. 1: Clearly Defined Expectations Recently, a friend’s brokerage had to do an Electronic Data Interchange (EDI) integration with their Transport Management System (TMS).

Optimization Software 60

Optimization Software Negotiating Skills How To Outsourcing 60

Parade

SEPTEMBER 3, 2019

That way, your brokerage can recover the cost of your investment, and capitalize on new opportunities that may not have been available before. 1: Clearly Defined Expectations Recently, a friend’s brokerage had to do an Electronic Data Interchange (EDI) integration with their Transport Management System (TMS).

Optimization Software 60

Optimization Software Negotiating Skills How To Outsourcing 60

Parade

SEPTEMBER 3, 2019

Recently, a friend’s brokerage had to do an Electronic Data Interchange (EDI) integration with their Transport Management System (TMS). The reputable firm had a clearly defined cost and timeline, and they have performed it for almost every brokerage in the country. Question: which provider would you choose?

Optimization Software 60

Optimization Software Negotiating Skills How To Optimization 60

Freightera

FEBRUARY 21, 2024

We will discuss how other services and companies compare to Freightera using ground freight shipping in North America as the baseline. Array of Services, Features, and Ratings HOW TO READ THIS TABLE. You also may or may not get competitive pricing. They would be able to find you a great price and be transparent in the process.

Negotiating Skills 26

Negotiating Skills Freight Logistics Network Optimization Software Supply Chain Software 26

Freightera

FEBRUARY 21, 2024

We will discuss how other services and companies compare to Freightera using ground freight shipping in North America as the baseline. Array of Services, Features, and Ratings HOW TO READ THIS TABLE. You also may or may not get competitive pricing. They would be able to find you a great price and be transparent in the process.

Negotiating Skills 26

Negotiating Skills Freight Logistics Network Optimization Software Supply Chain Software 26