FreightWaves SONAR

JANUARY 5, 2021

Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Freight data reduces dwell time and load time. Expenses include items such as driver wages, truck lease, insurance, maintenance, etc.

Cost Reduction 106

Cost Reduction Waste Reduction Expense Reduction Price Reduction 106

FreightWaves SONAR

JULY 24, 2023

The costs of logistics as a ratio of total expenses are too significant to ignore. Keeping costs under control should be a proactive, not reactive strategy, especially during an unprecedented time of transition and reopening ahead of peak season. Think about this. Transportation management depends on historical and real-time data.

Cost Reduction 106

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 106

Locus

JULY 24, 2023

the cut-throat era of next-day deliveries, FTL offers the fastest transit times:a seamless journey from A to B with no detours or delays. You’ve got more goods than you can squeeze into an LTL shipment but not enough to justify the expense of an FTL.The beauty of PTL is that it’s cost-effective and flexible. No sharing.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Optimization Modeling Resource Reduction 52

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. Efficient replenishment strategies: Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

FreightWaves SONAR

APRIL 15, 2021

Aside from the implementation of automated technology and digital tools, one of the most significant shifts in the shipping and transportation industry focuses on reduced emissions. Why are more and more shippers and carriers working to reduce pollution and lower emissions? But what do they mean for the supply chain network of today?

Material Savings 52

Material Savings Waste Reduction Expense Reduction Resource Reduction 52

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. Efficient replenishment strategies : Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

FreightWaves SONAR

MARCH 4, 2021

With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. Cost reduction strategies in supply chain management remain focused on getting loads from point A to point B as fast and as affordable as possible. Request a SONAR Demo.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

FreightWaves SONAR

FEBRUARY 5, 2021

As reported by Supply Chain Game Changer , “certainly there are many factors that can cause a company to apply intense pressure on the supply chain and other functions, to reduce their costs. Financial losses or declining profitability certainly make cost-cutting a priority. Request a SONAR Demo.

Expense Reduction 106

Expense Reduction Cost Reduction Price Reduction Waste Reduction 106

FreightWaves SONAR

MARCH 16, 2021

Inaccurate data leads to unnecessary expenses that can hurt the financial bottom line. This means that companies with access to near-real-time data could potentially save by the elimination of lagging data. Lagging data, while better than no data at all, leads to unnecessary expenses and avoidable costs. Request a SONAR Demo.

Expense Reduction 93

Expense Reduction Price Reduction Data Capacity 93

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. While they did show signs of reducing, a recent surge has seen levels remain high. More expensive borrowing. Supply chain infrastructure investment reduces. Demand falls.

Supply Chain Planning Software 52

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

Locus

AUGUST 7, 2023

As evidenced by 70% of companies either implementing or actively working on digital transformation strategies, it has become clear that digital solutions are not just value-additions but fundamental for survival. Informed decisions ensure that organizations develop a digitalization strategy that effectively combats tech obsolescence.

Negotiating Skills 52

Negotiating Skills Cost Reduction Digital Expense Reduction 52

EazyStock

JUNE 21, 2022

Many more traditional supply chain strategies originated in a steadier business environment. Predictable business cycles and stable demand allowed supply chain professionals to focus less on solving challenges and more on cost reductions. It also reduces costs associated with managing and maintaining IT systems in the long run.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 52

FreightWaves SONAR

JANUARY 8, 2021

Analytics-driven processes are the go-to strategies for all freight management parties that seek to increase profitability. Average length of haul = total haul miles / total number of loads Maintenance expense per mile (MAINT) Carriers must further track their maintenance expenses by mile as well.

Expense Reduction 104

Expense Reduction Price Reduction Freight Purchasing Skills 104

Locus

JULY 24, 2023

If done right, load matching means better resource optimization, cost reduction, streamlined operations, and ultimately, happy customers and businesses. Load matching takes into account cost considerations such as carrier rates, fuel expenses, toll charges, and other operational costs. compared to 2021, reaching $2.251 per mile.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Optimization Software Optimization 52

Locus

APRIL 3, 2023

An effective logistics solution is critical for optimizing supply chain efficiency, reducing costs, improving customer satisfaction, and supporting sustainability goals. Logistics management is an essential part of supply chain management and is crucial in achieving operational efficiency, reducing costs, and boosting customer satisfaction.

Optimal Sourcing 52

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

FreightWaves SONAR

MARCH 1, 2021

These asset-based trucking challenges appear in many various forms and can lead to major expenses, which may cripple and impair any business. Asset-based carriers should ensure proper pricing alignment, which eliminates unnecessary expenditures and costs. . Additionally, real-time visibility eliminates unnecessary costs.

Expense Reduction 98

Expense Reduction Price Reduction Trucking Cost Reduction 98

FreightWaves SONAR

FEBRUARY 4, 2021

Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Finding quality loads for moves on trips that would have otherwise remained empty is the best way to reduce deadheading. This will help in reducing rampant deadheading. Download the White Paper.

Waste Reduction 98

Waste Reduction Data Expense Reduction Cost Reduction 98

FreightWaves SONAR

JANUARY 19, 2021

Part of that risk plays into how successful shippers or carriers will be with keeping their overhead expenses under control and maximizing efficiency. Broad market assumptions are great for broad strategies, but as everyone knows, the supply chain is rarely that simple. Reduced capacity constraints deriving from limited visibility.

Supply Chain Planning Software 98

Supply Chain Planning Software Sourcing Strategies Expense Reduction Scenario Planning 98

FreightWaves SONAR

MARCH 18, 2021

A great deal of the cost that goes into shipping gets tied up in securing load capacity and budgeting for fees and expenses incurred along the way. Additional expenses are then absorbed by the shipper or passed on to consumers. Knowing predictions for fees and expenses can help shippers maintain a competitive advantage.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Data 98

EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. Read our blog on demand forecasting accuracy for more details.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

FreightWaves SONAR

FEBRUARY 25, 2021

A certain level of fees and freight rating expenses are standard in shipping and transportation. For instance, here are a few KPIs that go into the overall strategy for how carriers price transportation: MILES PER TRUCK PER WEEK (MILTR) – Every driver in the fleet will come under scrutiny at some point.

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

Ship Monk

FEBRUARY 9, 2024

Of course, the more data you need and the more sophisticated your methods are, the more expensive demand forecasting becomes. For example, if you’re introducing a new product and there are no similar products to draw historical data from, qualitative research is a must to reduce risk.

eCommerce 85

eCommerce Inventory Reduction Operations Modeling Software 85

FreightWaves SONAR

MARCH 25, 2021

Alignment of rates with market stability grades reduces the risk of rejection and delays. Another critical concern is the ability to align freight rates with market stability grades to reduce the risk of rejection and delays. Request a FreightWaves SONAR SCI Lane Acuity demo to get started or by clicking the button below.

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

Locus

OCTOBER 6, 2023

Our findings illustrate that businesses can achieve a tangible reduction in fulfillment costs by up to 30% via automated transporter selection. Furthermore, they can curtail inflated expenses by approximately 25% with the assistance of automated invoice calculations.

Optimization Software 52

Optimization Software Supply Chain Software Webinar Logistics Network Optimization Software 52

Locus

JUNE 9, 2023

Every transport business must identify if they are spending the right amount on the transportation expenses. The transport costs are categorized into six types based on the expenses borne by the trucking company. It is also the most expensive part of the supply chain. Click this! What is the transportation cost in logistics?

Cost Reduction 52

Cost Reduction Supply Chain Planning Software Optimization Software Transportation 52

Locus

JUNE 9, 2023

Every transport business must identify if they are spending the right amount on the transportation expenses. The transport costs are categorized into six types based on the expenses borne by the trucking company. It is also the most expensive part of the supply chain. Click this! What is the transportation cost in logistics?

Cost Reduction 52

Cost Reduction Supply Chain Planning Software Optimization Software Transportation 52

FreightWaves SONAR

MARCH 2, 2021

The total value of resources, man-hours, construction, equipment, maintenance, fees, and other costs must be accurately estimated for expense prediction to be effective. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.

Analysis 98

Analysis Price Reduction Cost Reduction Supply Chain Planning Software 98

Locus

SEPTEMBER 19, 2023

Shippers are already aware that the last mile is the most complex and expensive in the entire supply chain operations. In the face of complex routing and capacity issues, integration issues leading to data silos, visibility problems, and more, carriers and last-mile businesses really have their work cut out for them.

Supply Chain Software 52

Supply Chain Software Optimization Software Expense Reduction Negotiating Skills 52

FreightWaves SONAR

SEPTEMBER 27, 2021

In the rail industry, we believe that mounting pressure from an activist investor may mark a dramatic shift in focus at Canadian National Railway from an approach that balances volume, pricing and margins to an approach that is overly focused on cutting costs and capital expenditures at the expense of service levels.

White Paper 52

White Paper Expense Reduction Demo Price Reduction 52

FreightWaves SONAR

FEBRUARY 16, 2021

Freight intelligence tools help management develop a more unified freight strategy. The operating ratio is a measure of profitability from linehaul, accessorials and operating expenses, shown in the FreightWaves SONAR OPRAT index. Request a FreightWaves SONAR demo by clicking the button below. . Request a SONAR Demo.

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

FreightWaves SONAR

DECEMBER 30, 2020

And pre-emptive strategies that help isolate and address real-time problems will inevitably rely on real-time freight data and easy-to-access systems. As the issues build, mitigating efforts become more strenuous, resulting in lost revenue and time, as well as more significant expenses. Request a SONAR Demo.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

FreightWaves SONAR

JANUARY 25, 2021

Maintenance Expense per Mile (MAINT). Maintenance Expense per Mile (MAINT). The Maintenance Expense per Mile (MAINT) index captures the total maintenance expense, reported by participating carriers during a given month, expressed on a per-mile basis. Formula : maintenance expense / total miles.

Optimization Software 98

Optimization Software Optimization Trucking Expense Reduction 98

FreightWaves SONAR

FEBRUARY 15, 2021

This week, learn how executives who manage a trucking business are monitoring carrier operations-based indices to improve profit margins and reduce operational trucking costs. Expenses include items such as driver wages, truck lease, insurance, maintenance, etc. Gross Fuel Expense Per Mile (GFEMIL).

Trucking 98

Trucking Expense Reduction Operations Purchasing Skills 98

FreightWaves SONAR

JANUARY 7, 2021

Poor tender acceptance strategies. In other words, logistics leaders must find and apply proactive data management strategies, including: Developing alternative transportation solutions, such as increasing the number of transportation brokerage partnerships. Request a SONAR Demo. Lackluster communication with shippers.

Supply Chain Software 98

Supply Chain Software Supply Chain Design Software Supply Chain Design Automation 98

Locus

APRIL 13, 2023

Advanced analytical insights: With advanced supply chain analytics from Locus’ offerings, businesses can solve many inefficiencies, complexities, and bottlenecks that make their last-mile delivery expensive. This helps businesses chart strategies that make their upcoming deliveries better than the previous ones.

Optimization Software 52

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

Locus

OCTOBER 27, 2023

Let’s find out the three key strategies for brands to enable last-mile excellence during this Diwali season! Keeping in mind that last-mile delivery encompasses 53% of the overall shipping expenses, a few subpar customer experiences can pose a severe threat to a company’s financial health.

Optimization Software 59

Optimization Software Logistics Network Optimization Software Cost Reduction Expense Reduction 59

Locus

AUGUST 2, 2022

Managing last-mile delivery is often a tricky and expensive task. Besides reducing the distance to deliver packages, alternative delivery fulfillment models have saved on logistics costs and simplified last-mile logistics management for the modern retail business. Schedule a demo with Locus! Schedule Demo. Dark Stores.

Modeling Software 52

Modeling Software Optimization Modeling Modeling Trends 52