FreightWaves SONAR

FEBRUARY 26, 2021

Leading metrics for tracking overall and market-specific activity include: Inbound and outbound load daily change rates, like the Outbound Tender Volume Index (OTVI) in FreightWaves SONAR. Freight market share over the last week, such as SONAR’s Outbound Tender Market Share (OTMS).

Trucking 96

Trucking Price Reduction Freight Cost Reduction 96

FreightWaves SONAR

APRIL 25, 2023

Outbound Tender Reject Index The Outbound Tender Reject Index (OTRI) is a measure of the percentage of electronic tender requests for shipments that are rejected by carriers in the United States. For example, if rates are trending upward, they may be able to increase their prices to take advantage of market conditions.

Negotiating Skills 52

Negotiating Skills Price Reduction Supply Chain Planning Software Outbound 52

FreightWaves SONAR

JUNE 5, 2023

In this blog post, we’ll walk through some of the obstacles to medium-term demand planning, consider how high-frequency supply chain data can help fill the informational gaps that companies are grappling with, and then look at a real-world example of how the data in FreightWaves SONAR can give insight into the goods economy.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Data Freight 52

FreightWaves SONAR

FEBRUARY 8, 2021

A user can view the volume of TEUs being booked on both an inbound (IOTI) and outbound basis (OOTI). . Example : A subscriber wants to see the outbound ocean shipments TEU volume being booked with ocean container lines in China that are moving outbound to the United States. ports to China).

Outbound 98

Outbound Procurement Analytics Demo Freight 98

FreightWaves SONAR

MARCH 22, 2021

The WRI combines outbound tender market share (OTMS) and the weekly change in tender rejection rates (OTRIW). For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days. OTMS x OTRIW = WRI.

Capacity 98

Capacity Demo Price Reduction Cost Reduction 98

Ship Monk

OCTOBER 13, 2021

For example, let’s say you’re an apparel store with a diverse catalog. Let’s go back to the apparel store example. You see, there are two sides of the shipping coin: outbound and inbound. Sign up to the ShipMonk blog for juicy tidbits delivered straight to your inbox, free of charge. P.S. Craving more tips and tricks?

3PL 77

3PL Inventory Reduction Resource Reduction Inventory 77

FreightWaves SONAR

MARCH 5, 2021

Lane Signal considers the following indices: Outbound Tender Volume Index Outbound Tender Rejection Index Headhaul Index for both origin and destination Inbound Tender Volume Index Inbound Tender Rejection Index. Here are three examples for how to use this product in real-time. Use the destination market as leverage.

Negotiating Skills 98

Negotiating Skills Modeling Software Sourcing Strategies Logistics Network Optimization Software 98

FreightWaves SONAR

APRIL 19, 2021

For example, let’s examine a load going from Denver, Colorado to Fort Wayne, Indiana. As a carrier representative, you are mildly excited because the outbound market of Denver is more in your favor. This is a perfect example of how we can lower carbon emissions and improve carrier capacity.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Material Savings Sourcing Strategies 52

Carter Logistics

OCTOBER 9, 2018

Blog Topics. A manufacturer, as an example, should ideally be focused on making their products inside their plants. A solid provider will manage the day-to-day flow of inbound and outbound products and maintain proper levels of staff and equipment at all times. The Shared Milkrun Mexico & Border Logistics.

Resource Reduction 99

Resource Reduction Cost Reduction Supply Chain Software Logistics Network Optimization Software 99

FreightWaves SONAR

NOVEMBER 19, 2020

Consider this example. Consider this example. . Of course, no disruption comes close to those that have been experienced to date in 2020. But that principle does allude to another issue. A lack of visibility amounts to an inability to mitigate risks and survive disruption. . Thus, rates are going to continue climbing.

Supply Chain Software 105

Supply Chain Software Supply Chains Sourcing Strategies Scenario Planning 105

FreightWaves SONAR

JUNE 10, 2021

Measuring capacity is a key to maximizing margins/transactions for a broker, utilization for a carrier, and minimizing service and budgetary failures for shippers.The capacity trend indices show you which markets are tightening or loosening by the largest amounts by combining tender rejection rates and market balance of inbound and outbound loads.

Trends 52

Trends Capacity Outbound Inbound 52

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

Running a warehouse as a silo, for example using a spreadsheet, will not help sales when a customer asks for a quote, or the shop floor if they need to know what materials are available for a production run. For example, analyzing real-time production data to uncover hidden inefficiencies and implement changes faster. Download Now.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software ERP Manufacturing Procurement 115

SYSPRO Smarter ERP

OCTOBER 11, 2021

For example, the manufacturing of pharmaceuticals vs. processing liquid waste in the mining industry. In the pharmaceutical example, it is a batch process manufacturing where the products are made as specified groups. From inbound, to processing, to storing and outbound. Types of process manufacturing. Use ingredients not parts.

Manufacturing Procurement 119

Manufacturing Procurement ERP Supply Chain Planning Software Purchasing Skills 119

GlobalTranz

JULY 28, 2021

Managed transportation is about streamlining and centralizing the whole process of both inbound and outbound logistics, ranging from warehousing through delivery. Using an offshore vendor to manufacture a component for a larger automotive assembly is a typical example.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Another methodology is the Porter’s Value Chain Framework, which comprises of inbound logistics, operations, outbound logistics, sales, and service. Outbound KPIs. This may lead to any number of follow-up actions, for example: Redesigning sourcing or material strategies.

Manufacturing Procurement 105

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

FreightWaves SONAR

MARCH 15, 2021

In the screenshot above, you can see that the outbound and inbound stability show scores of 29 out of 100 and 21 out of 100, respectively. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions. Carriers will be able to see inbound and outbound stability on specific lanes.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Parade

JULY 30, 2019

Traditionally, Carrier Sales Rep (CSR) managers measure and assess their Carrier Sales Reps (CSRs) based on the following metrics: Number of outbound calls. Let's suppose a CSR's outbound call target is 100 calls per day. To meet their outbound calls metric, they might even call their friends to 'fudge' the numbers.

Data 60

Data Outbound Inbound Networks 60

Ship Monk

AUGUST 22, 2022

In our eCommerce fulfillment blog we sometimes highlight industry jargon that’s essential for every entrepreneur. Whether you do or you don’t, this blog can help finetune your understanding of what SKUs can be utilized for, how to use them to grow your business , and best practices for this crucial part of inventory management.

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

FreightWaves SONAR

NOVEMBER 20, 2020

As an example, Supply Chain Dive states, “Minimizing the number of claims for overages, shortages and damages (OS&Ds) as a percentage of deliveries,” is one way to manage operations and track performance better. The capabilities of supply chains are continuously changing to reflect the latest advancements.

Supply Chain Design Software 66

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 66

Parade

JULY 30, 2019

Traditionally, Carrier Sales Rep (CSR) managers measure and assess their Carrier Sales Reps (CSRs) based on the following metrics: Number of outbound calls. Let's suppose a CSR's outbound call target is 100 calls per day. To meet their outbound calls metric, they might even call their friends to 'fudge' the numbers.

Data 60

Data Inbound Outbound Networks 60

Parade

JULY 30, 2019

Traditionally, Carrier Sales Rep (CSR) managers measure and assess their Carrier Sales Reps (CSRs) based on the following metrics: Number of outbound calls Number of loads booked Avg margin per load With these metrics, managers only scratch the surface. Let's suppose a CSR's outbound call target is 100 calls per day.

Data 60

Data Inbound Outbound Networks 60

Parade

JULY 30, 2019

Traditionally, Carrier Sales Rep (CSR) managers measure and assess their Carrier Sales Reps (CSRs) based on the following metrics: Number of outbound calls Number of loads booked Avg margin per load With these metrics, managers only scratch the surface. Let's suppose a CSR's outbound call target is 100 calls per day.

Data 60

Data Inbound Outbound Networks 60

FreightWaves SONAR

DECEMBER 3, 2020

For example, just-in-time fulfillment models, drop-shipping, and cross-docking avoid wasted space. For example, market conditions show shippers’ rate trajectories. That includes compliance with the inbound freight routing guide and outbound activities. Leading by example, supply chain managers can make more proactive decisions.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 76

Parade

JULY 15, 2019

For example, managing unforeseen risks and providing customers with visibility. Market intelligence + analysis: carrier pricing, for example, can change at any moment. For example, meet Andrew Prater, Carrier Sales Manager (CSM) for a $1B brokerage.

Industry 97

Industry Logistics Network Optimization Software Tools Examples 97

FreightWaves SONAR

SEPTEMBER 1, 2021

For example, the Outbound Tender Volume Index (OTVI) is a 7-day moving average of shippers’ requests for capacity. Inbound volumes are traditionally softer prior to the storm, as carriers don’t want to be stuck in a potentially affected area, but will increase following the storm as relief efforts begin.

Freight 98

Freight Inbound Demo Events 98

GlobalTranz

APRIL 5, 2017

As explained in this blog post , the guide details how to proceed with all possible scenarios for inbound shipments to reduce their associated costs. This means that a near-majority of companies are faced with the pitfalls of internal, low-guidance systems for managing both inbound and outbound freight.

Inbound 49

Inbound Vendor Strategies Cost Reduction Inventory Reduction 49

FreightWaves SONAR

JULY 17, 2023

(FreightWaves’ National Truckload Index, a truckload spot rate inclusive of fuel in USD per mile, in white [right y-axis] and the Outbound Tender Reject Index, the percentage of tendered truckload shipments rejected by carriers, in green [left y-axis].

Supply Chain Software 52

Supply Chain Software Supply Chain Planning Software Supply Chains Data 52

GlobalTranz

FEBRUARY 25, 2021

For example, the reverse logistics process includes the management and the sale of surplus as well as returned equipment and machines from the hardware leasing business. For example, ISO standards mandate the proper disposal of electronics to prevent data theft. How to Optimize Your Return Logistics Through Integration.

Reverse logistics 84

Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

Parade

JULY 15, 2019

For example, Load matching + business development: CSRs drive value to carriers and shipper customers. Market intelligence + analysis: carrier pricing, for example, can change at any moment. For example, meet Andrew Prater, Carrier Sales Manager (CSM) for a $1B brokerage. Any tools or methodologies that can help CSRs.

Industry 60

Industry Logistics Network Optimization Software Tools Examples 60

Logistics Bureau

OCTOBER 20, 2021

As an example of how illuminating the perfect order KPI can be, let’s look briefly at damage-free delivery as an example. For example, if the on-time percentage is 98%, the in full is 93%, the damage-free is 99%, and the orders with correct documentation is 96%, the calculation will look like this…. x 0.96 = 0.8661.

Supply Chain Design Software 96

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

FreightWaves SONAR

FEBRUARY 8, 2021

With that in mind, carriers of all sizes must consider the average inbound and outbound volumes, when to reject or accept freight loads , the standard rates expected within individual markets and how global trade will inevitably impact the U.S. As the industry moves past the anniversary of the initial U.S. trucking market.

Price Reduction 94

Price Reduction Resource Reduction Freight White Paper 94

AIMMS

JANUARY 24, 2019

Multiple departments are using AIMMS-based models for optimization now, including our planning and scheduling team, marketing, and inbound and outbound logistics. For example, we can now ask people to focus on other things instead of doing repetitive jobs in Excel. . How many people use AIMMS within Tata Steel at the moment ? .

Optimal Sourcing 116

Optimal Sourcing Supply Chain Software Optimization Software Supply Chain Planning Software 116

FreightWaves SONAR

APRIL 29, 2021

Are containers being transloaded into 53-foot dry vans and trucked from portside markets, or are the rails capturing more market share of outbound surface shipments to the inland markets around the U.S.? market, which has very limited outbound freight. SONAR data can identify tight relationships such as U.S.-bound Retail use case No.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

Logistics Problem Solving

JUNE 2, 2017

This includes both outbound and inbound freight. For example, a routing guide compliance problem could present itself as a carrier billing issue. As I wrote in my last blog , the consultant should be enhancing your ideas to take them from good to great, and the software should allow you to do this quickly and easily.

Logistics Network Optimization Software 75

Logistics Network Optimization Software Resource Reduction Cost Reduction Logistics 75

Transporeon

SEPTEMBER 20, 2018

Demand for both outbound and inbound freight remains highest in the Southeast, Texas and Upper Midwest regions, with demand outpacing available carrier capacity. Der Beitrag Reduced trucking capacity – the shortage of drivers and its impact erschien zuerst auf TRANSPOREON Group Blog. Nearly half of U.S.

Price Reduction 101

Price Reduction Cost Reduction Resource Reduction Capacity 101

FreightWaves SONAR

OCTOBER 25, 2022

Outbound tender rejections. Significantly, FreightWaves models for each market interact with each other, so a surge in volume in Atlanta, for example, will affect how we think about the availability of capacity out of Macon. . FreightWaves SONAR. The model also becomes smarter over time as more data is fed into it.

Optimal Sourcing 52

Optimal Sourcing Optimization Modeling Compliance Data 52

Parade

AUGUST 19, 2019

For example, with the correct use of data, you can: Understand how many trucks are available for a given load. Today, different organizational booking structures exist— outbound region, inbound region, carrier manager model, and free-for-all— all of which have different pros and cons. 2) Consider a Restructure.

Freight 60

Freight Modeling Software Logistics Network Optimization Software Purchasing Skills 60