FreightWaves SONAR

MAY 7, 2024

Traditionally, shipping companies have relied on manual tools and processes, predominantly managing their requests for proposals (RFPs) and bids using simple spreadsheets. This approach is cumbersome and fraught with challenges such as limited visibility, inefficient data management and difficulties in bid analysis.

Optimal Sourcing 64

Optimal Sourcing Optimization Software Supply Chain Software Procurement 64

GoShip Blog

SEPTEMBER 19, 2023

Delivering goods on time, keeping costs in check, and ensuring customer satisfaction are essential when shipping. This method is cost-effective and environmentally friendly, as it reduces the number of trucks on the road. This saves on shipping costs and minimizes the risk of damage during transit.

Negotiating Skills 52

Negotiating Skills Cost Reduction Logistics Network Optimization Software Optimization Software 52

FreightWaves SONAR

DECEMBER 14, 2020

This week, learn how freight market participants are able to measure if freight pricing control lays in the hands of freight shippers or freight carriers. What is the DHL Supply Chain Pricing Power Index? The chart above has an 80 reading which indicates that the control of freight pricing lies in the carriers’ hands.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Price Reduction Freight 52

FreightWaves SONAR

MARCH 5, 2021

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. Shippers will not be willing to accept a lack of trucking capacity or last-minute price changes in an industry that is becoming more transparent.

Negotiating Skills 98

Negotiating Skills Modeling Software Sourcing Strategies Logistics Network Optimization Software 98

FreightWaves SONAR

APRIL 2, 2024

You don’t have to use historical data to justify your contracts…or at least you shouldn’t. Transportation pros from the executive seat down to the entry-level analyst have better data to lean on to make their jobs easier. This is where having external benchmarking and analysis data becomes critical.

Supply Chain Software 59

Supply Chain Software Supply Chains Negotiating Skills Scenario Planning 59

CLX Logistics

SEPTEMBER 9, 2022

To meet these demands, shippers need the right supply chain management tools with the flexibility to grow and scale as needed. The right supply chain management tools help not only to enable shippers to provide better customer service and on-time deliveries but also to remain competitive with everyone else in the market.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimization Software 52

FreightWaves SONAR

JUNE 1, 2023

Connecting demand signals, order flows and inventory data across those chains enables new algorithmic decision-making that can optimize Walmart’s supply chain for flexibility and responsiveness. As management reminded Wall Street at its Investment Community Meeting down in Tampa: Everyday Low Prices are only enabled by Everyday Low Costs.

Supply Chain Planning Software 52

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

FreightWaves SONAR

JANUARY 13, 2023

Leaders across the logistics industry have been making data-informed decisions for decades. Not all data is created equal, however, and many of the tools and processes that provided “cutting-edge” advantages several years ago have fallen behind the curve. . There is an innate lag in legacy data. port activity. .

Negotiating Skills 52

Negotiating Skills Data Freight Price Reduction 52

FreightWaves SONAR

FEBRUARY 4, 2021

As the world of transportation continues to evolve, shippers and logistics service providers (LSPs) are effectively utilizing certain methods along with modern data platforms to meet the demands of today’s supply chains. Knowing the following key tactics and using the proper tools will help sustain long-term savings.

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Optimization Software Negotiate Pricing Negotiating Skills Optimization Modeling 98

Locus

APRIL 1, 2022

It gives us immense pleasure to announce that Locus has been listed as a Representative Vendor in the 2022 Gartner® Market Guide for Supply Chain Network Design Tools. And as supply chains continue to grow in scale and complexity to meet these demands, so do the costs. Market trends also continue to evolve faster than ever.

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

CLX Logistics

MAY 15, 2024

They also recognized the need to look beyond their own data, and wished for experienced input on their procurement strategy. Client Challenges The Company needed to better understand their rates in comparison with the market on a granular level with regards to specific lanes, equipment types, and special requirements.

Optimal Sourcing 61

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 61

FreightWaves SONAR

SEPTEMBER 29, 2023

The FreightWaves’ SONAR data shows the Outbound Tender Volume Index (OTVI) remains up 25% year-over-year, hardly falling from its pre-July Fourth peak. How should a shipper read this data as a user or prospective user of SONAR? In addition to spikes in ecommerce volumes, the overall U.S.

Cost Reduction 52

Cost Reduction Negotiating Skills Resource Reduction Capacity 52

Parade

MARCH 18, 2021

In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. As a freight brokerage, you live and die by your pricing.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

Parade

MARCH 18, 2021

In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. As a freight brokerage, you live and die by your pricing.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

Parade

MARCH 18, 2021

In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. As a freight brokerage, you live and die by your pricing.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

FreightWaves SONAR

MARCH 16, 2021

Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. And a new suite of products, ranging from artificial intelligence through visualization tools to see lane acuity, are changing the game. last year and $2.19 the year prior. last year and $2.19

Data 97

Data Efficiency Supply Chain Software Logistics Network Optimization Software 97

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

Locus

SEPTEMBER 25, 2023

Hence, curating an optimal driver experience emerges as a non-negotiable strategic imperative. Such capital can be strategically reallocated to drive core business transformations and process enhancements. In this context, it’s important to recognize drivers as the foundational assets driving our supply chain ambitions.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Modeling Software Negotiating Skills 52

Talking Logistics

MAY 23, 2018

Considering the increased sales volume our company is experiencing, you bean counters should be grateful I’m able to get our freight covered and delivered at any price!”. Combating Rising Freight Costs with a TMS. where they’re being hit especially hard on cost. where they’re being hit especially hard on cost.

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Negotiating Skills Supply Chain Software Modeling Software Optimization Software 60

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. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

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. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Parade

MARCH 8, 2022

Here’s How Parade’s Digital Booking Tool, Book Now, Increases ROI. Brokerage reps spend less time to set up a Book Now than they would to get a typical load booked, even with all the automation and tools that Parade offer to simplify booking. This type of data is exactly what Parade needs to get even better.

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Negotiating Skills Digital Tools Demo 78

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Sea Change—A Supply Chain Career is now seen as ‘Cool’.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

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. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

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, Talent gaps: ? One of the key drivers is the aging workforce leaving for retirement. Stay Agile, Get Ahead.

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

FreightWaves SONAR

MARCH 15, 2021

Advancements in tender data science and paid market data now power SONAR SCI (Supply Chain Intelligence) Lane Acuity Plus. Lane Acuity also provides a measure of lane coverage favorability via the Lane Score, which evaluates multiple data points within the app. WHAT IS LANE ACUITY PLUS?

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

GlobalTranz

SEPTEMBER 23, 2021

Such congestion naturally leads to bottlenecks in planning drayage and eventual increases in the total cost of shipping, not to mention an added strain on trucking as the bottlenecks grow.? . Increasing fuel costs also play into the available capacity woes.? ? on-highway diesel fuel prices are up $0.898 from the end of August 2020.

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

GoShip Blog

JULY 8, 2022

This shortage has significantly reduced shipping capacity, resulting in delays and increased shipping costs. Here are ways to go about it: Negotiate agreements with carriers. Rather than focusing solely on getting the lowest possible rates, negotiate agreements for long-term partnerships. Provide rolling forecasts.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Supply Chain Software Price Reduction 52

Dedola Global Logistics

DECEMBER 2, 2019

The best freight forwarder for your needs is one that utilizes the latest technology and skillful negotiation to help you save big on your shipping costs. Competitive Pricing Strategies. We tailor our quotes specifically to your needs, including full container load (FCL) and less than container load (LCL) pricing.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Price Reduction Supply Chain Software 52

EazyStock

MARCH 14, 2023

Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention. Eliminate unnecessary inventory costs and reduce inventory values All companies have different conditions (and challenges), and there’s no one-size-fits-all solution.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

CLX Logistics

NOVEMBER 21, 2023

Join us as our experts delve deeper into the intricacies of the current freight benchmarking industry and uncover how artificial intelligence (AI), machine learning (ML), and real-time data analytics are shaping decision-making and operations in logistics and benchmarking in 2024. The outcome?

Optimal Sourcing 67

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction 67

CLX Logistics

NOVEMBER 21, 2023

Join us as our experts delve deeper into the intricacies of the current freight benchmarking industry and uncover how artificial intelligence (AI), machine learning (ML), and real-time data analytics are shaping decision-making and operations in logistics and benchmarking in 2024. The outcome?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction 52

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. 1 As the ability to strategize bidding continues to improve and keep shippers competitive, that number will continue to grow.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

Locus

JULY 5, 2023

Understanding fleet management At its core, fleet management is a strategic method by which shippers enhance the efficiency and effectiveness of their vehicle and driver operations. Importantly, all data on the transporter’s dashboard is visible to the client via their dispatch management platform.

Optimization Software 52

Optimization Software Resource Reduction Negotiating Skills Cost Reduction 52

Parade

MARCH 10, 2022

Digital quoting tools make collecting, organizing, evaluating, and auditing quotes simple. Parade’s digital quoting tools can streamline the process and make it easier than ever to find the right carrier for a load. Here are just a few of the advantages Parade’s digital quoting tools offer brokers.

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Digital Price Reduction Negotiating Skills Sourcing Strategies 78

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

Optimization Software Optimization Tips Price Reduction 105

Blue Grace Logistics

APRIL 13, 2022

The benefits of these systems are managing transportation costs and navigating capacity crunches. They negotiate on a shipment by shipment basis, so a TMS is less about freight spend and more about getting the perfect price each time and squeezing more productivity out of shipments. EDI setup is a part of this issue.

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Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 62