FreightWaves SONAR

DECEMBER 8, 2020

Therefore, enterprises need to know how to apply transportation data to increase on-time shipping performance. . Aggregate data from beyond the four walls of your business. Yet all benchmarking begins with access to the right supply chain data. Get your team on board with new strategies. Reduce dock delays.

Data 82

Data Resource Reduction Cost Reduction How To 82

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 Why outdated data hurts carriers in the short- and long-term.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

WorkWave

DECEMBER 8, 2023

This function plays a crucial role in the supply chain management process and is an integral part of a company’s overall logistics and operations strategy. To achieve and maintain success in these areas, it’s essential to establish and measure key performance indicators (KPIs) that effectively track and evaluate performance.

Inbound 52

Inbound Optimal Sourcing Logistics Network Optimization Software Inventory Reduction 52

FreightWaves SONAR

FEBRUARY 10, 2021

Many of the most beneficial tools come from the utilization of data and analytics. Data and analytics provide carriers with an incredible wealth of information that has proven to bolster revenue and profits. How carriers create data-driven pricing strategies. How carriers create data-driven pricing strategies.

White Paper 98

White Paper Optimization Software Data Price Reduction 98

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

RPA Labs

NOVEMBER 3, 2020

Although it can sound daunting, automating simple tasks within your organization can save 40% or more in operational costs. Reducing Latency with Logistics Process Automation. Here are a few processes we’ve identified that contribute to an organization’s latency: Re-keying data from documents into systems.

Automation 55

Automation Vendor Strategies Cost Reduction Resource Reduction 55

WorkWave

FEBRUARY 16, 2024

It’s crucial to understand why profit margins matter and how to calculate them right down to the last cent, so we’ve created this pest control business profit margin calculation guide. Calculating it accurately can help you make informed decisions about pricing, cost-cutting measures and growth strategies.

Expense Reduction 52

Expense Reduction Price Reduction Cost Reduction Vendor Strategies 52

FreightWaves SONAR

MARCH 2, 2021

From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. 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

FreightWaves SONAR

APRIL 1, 2021

LTL shipping rates would historically depend on freight class and the cost per hundredweight . In the past, calculating freight class depended on the physical weight of an item, as well as what else could be shipped within the same truck to set a cost per hundredweight (CPW). Capture pricing data for LTL freight.

Negotiating Skills 98

Negotiating Skills Price Reduction Trends How To 98

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. How to use AI to optimize stock levels Within the larger context of supply chain optimization, AI proves to be a versatile tool in the quest for optimal stock levels.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

FreightWaves SONAR

FEBRUARY 1, 2021

This struggle can finally come to an end through the use of modern analytics and data management. Such applications of freight technology allow carriers to improve their systems across the board, improving profit margins, reducing load times, streamline shipping, and many more benefits.

Data 76

Data Price Reduction Cost Reduction Expense Reduction 76

Ship Monk

SEPTEMBER 14, 2022

By value , we mean how much that inventory cost to make or purchase, plus how much it’s costing you to store it. For an eCommerce business, inventory is your most valuable asset (at least in terms of bookkeeping) and also one of your largest costs. How to Calculate Beginning Inventory.

Inventory Reduction 78

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 78

FreightWaves SONAR

MARCH 23, 2021

And rather than waiting until things go wrong, shippers, carriers and brokers can apply these seven last-minute thoughts can help bring to light what strictly a business should focus on and how to apply predictive rates to measure the likelihood of improved operations.

Resource Reduction 98

Resource Reduction Efficiency Cost Reduction Freight 98

Ship Monk

NOVEMBER 21, 2022

Others take an educated guess and hope for the best, which isn’t a strong strategy either. On the other hand, if you order too soon, you may not have enough room to store the new products, or you may have to pay more than expected for storage and holding costs. How to Calculate a Reorder Point. Improving Data.

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52

Ship Monk

MARCH 23, 2023

Today, we’ll cover what it means to have an inventory discrepancy, the most common causes, and how to avoid them. Either way, you need to know how many you have, so you don’t run out unexpectedly, or pay too much in holding costs for overstock. Data that is manually entered may be entered incorrectly.

Inventory Reduction 71

Inventory Reduction Inventory Optimization Software How To 71

FreightWaves SONAR

JANUARY 26, 2021

Supply chain leaders continue to focus their efforts on finding the right mix of assets used, market positioning and carrier freight pricing strategies. As such, carriers need to know a few things about freight load balance scoring and how to assess market conditions to avoid delays, balance their fleets and maximize profitability per load.

Price Reduction 78

Price Reduction Cost Reduction Waste Reduction Optimal Sourcing 78

FreightWaves SONAR

MARCH 17, 2021

That’s where SONAR SCI Lane Acuity can add the most value and prepare enterprise shippers for true, future-ready bidding strategies. Lane Acuity helps you know how difficult it is to cover loads for a given lane and using that information to your advantage in bidding and day-to-day operations. Request a SONAR Demo.

White Paper 98

White Paper Analysis Cost Reduction Transportation 98

FreightWaves SONAR

FEBRUARY 2, 2021

Improve end-to-end visibility to reduce idle time and wasted resources. Apply big data through advanced analytics to understand current load rates, including predictive modeling of future rates. Apply big data through advanced analytics to understand current load rates, including predictive modeling of future rates.

Tips 98

Tips Waste Reduction Cost Reduction Operations 98

FreightWaves SONAR

MARCH 18, 2021

Supply chain constraints are impossible to avoid, but they can be planned for to reduce their impact. So, it’s equally valuable to know the constraints and to apply data to overcome them with mini-bids. Request a SONAR SCI Lane Acuity demo to get started or click the button below. Request a SONAR Demo.

Manufacturing Procurement 91

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 91

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 utilizes advanced technology and data analysis to optimize logistics processes and enable informed decision-making. from 2019 to 2025.

Optimal Sourcing 52

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

FreightWaves SONAR

DECEMBER 28, 2020

Rather than stressing about how to get local fleets to the other side of the state or the country, a different carrier can be tapped to handle a specific load. Trucking carriers offer a variety of services to help maximize efficiency and increase profits by cutting costs, reducing dwell time and eliminating wasted movements.

Waste Reduction 105

Waste Reduction Trucking Cost Reduction White Paper 105

RPA Labs

OCTOBER 28, 2021

It can help to increase customer satisfaction and reduce costs by keeping high-end well-paying customers satisfied. High error rate due to outdated information and decisions based on inaccurate data. Poor data processing time leads to delays and backlogs, and scheduling conflicts.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Inventory Reduction Optimization Software 52

EazyStock

APRIL 18, 2023

Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. Higher costs of storage.

Supply Chain Planning Software 52

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

FreightWaves SONAR

DECEMBER 10, 2020

Some of the most cost-effective software and methods supply chain professionals and the best freight brokers can adopt are supply chain predictive analytics programs. Predictive analytics is the process of taking the data gathered from everyday operations and converting it ‘into valuable nuggets of insight.’ Download the White Paper.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 95

WorkWave

MARCH 20, 2023

This post delves into the fundamentals of delivery management, a variety of solutions accessible to delivery businesses today, key components offered by these platforms, and how to decide on the correct one for your organization’s requirements as well as effective strategies for implementation.

Optimization Software 52

Optimization Software Cost Reduction Expense Reduction Resource Reduction 52

FreightWaves SONAR

DECEMBER 21, 2020

Using real-time data , freight managers can finally begin to recognize their opportunities for better business relationships. And it’s equally important to know the top 10 challenges for shippers in negotiating trucking contracts like limited headhaul insight and how to overcome them. Limited network contacts result in higher costs.

Negotiating Skills 76

Negotiating Skills Trucking Price Reduction Cost Reduction 76

EazyStock

MAY 11, 2021

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. 6 Inventory Control Techniques to Optimize Stock Levels.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Turvo

FEBRUARY 24, 2022

Key trends in 3PL operations The key trends in 2022 for 3PL operations strive to automate processes and give better insight into customer and shipper expectations, dominated by technology and supply chain data analytics. Request a Turvo Demo. . Get your copy of the Logistics Success Playbook .

Supply Chain Planning Software 87

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 3PL 87

Shipchain

MARCH 13, 2019

Logistics Applications of Blockchain Maintain Data for All Parties. Logistics applications of blockchain all derive from maintaining an incorruptible data resource. Supply chain leaders can validate payments for goods through blockchain, thereby reducing fraud. Trucks in the U.S. Freight shipped sooner for shippers and carriers.

Supply Chain Planning Software 119

Supply Chain Planning Software Waste Reduction Logistics Network Optimization Software Freight 119

WorkWave

MARCH 19, 2023

The real-time traffic data permits users to make timely route adjustments. Nevertheless, it’s possible to eliminate that issue by integrating the app with route optimization software such as WorkWave. Waze Delivery drivers use their smartphones to make route plans because they must figure out how to reach each stop.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Price Reduction Expense Reduction 52

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

Locus

DECEMBER 23, 2022

Many retailers try to adhere to customer preference in attempting to commit to faster delivery times but fail in the long term due to capacity and cost constraints, leading to subpar delivery experiences for customers. Download our casestudy to learn how to eliminate human dependency for your Retail business.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimization Software Supply Chain Software 52

FreightWaves SONAR

DECEMBER 9, 2020

This can cut down the time it takes to identify and research shippers before making your initial contact. With most conferences going virtual in 2020, there is also the opportunity to attend most conferences virtually at low to no cost. . How SONAR aids those seeking how to be a successful freight broker. 4: Online maps.

Sourcing Strategies 105

Sourcing Strategies Purchasing Skills Sourcing Tips 105

Trinity Logistics

AUGUST 3, 2021

TMS HESITANCY 2: IT COSTS TOO MUCH. What you have in place may work for now, but when your business really starts growing, the cost and time to manage your workload will be growing too. Considering a 3PL often uses their own TMS, they’ll know how to use it and help you. Or find out what your freight costs were on certain lanes.

Supply Chain Design Software 138

Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software Procurement Solutions 138

EazyStock

NOVEMBER 19, 2021

But if you don’t carry enough, you face stock-outs and reduced service levels. As a result, managers get inventory imbalances that can lead to excessive inventory costs and/or inconsistent service levels. Determining appropriate levels of stock across a business can be very challenging. This can be seen if we look at each SKU in turn.

How To 52

How To Inventory Reduction Inventory Optimization Modeling 52