Locus

JUNE 9, 2023

In the midst of an outdoor movie screening of “Trucks,” a film about a town overrun by driverless trucks, a person from the crowd, who runs a transport service company, jokingly mentioned that while phantoms could handle the task, they couldn’t effectively control transportation costs. What are the types of transport costs?

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Locus

JUNE 9, 2023

In the midst of an outdoor movie screening of “Trucks,” a film about a town overrun by driverless trucks, a person from the crowd, who runs a transport service company, jokingly mentioned that while phantoms could handle the task, they couldn’t effectively control transportation costs. What are the types of transport costs?

Cost Reduction 52

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WorkWave

NOVEMBER 14, 2023

Time To Read: 6 minutes If you’re wondering how to start a NEMT business, you’ve come to the right place. We’re setting out on a journey to understand how to transform your dream into reality, navigating legal documents, and NEMT software, hiring competent drivers, and crafting an effective marketing strategy.

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WorkWave

NOVEMBER 14, 2023

Time To Read: 6 minutes If you’re wondering how to start a NEMT business, you’ve come to the right place. We’re setting out on a journey to understand how to transform your dream into reality, navigating legal documents, and NEMT software, hiring competent drivers, and crafting an effective marketing strategy.

Expense Reduction 52

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Ship Monk

SEPTEMBER 19, 2022

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. It wasn’t until your business took off and they kicked you out that you began incurring holding costs a.k.a. carrying costs, and needed to learn what those are. So what exactly is holding cost?

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Locus

OCTOBER 17, 2023

How many route deviations did the driver make? Which driver contributed to the highest cost per mile ? Read Also: How to Manage Your Logistics during the Peak Seasons in the US? They know how to ensure smooth riding in those areas without getting stuck in traffic or road closures.

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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. For more information on how RouteManager can empower your team to tighten your inbound logistics, schedule your free demo today.

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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.

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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. Benefits of Automation: Error Reduction: Our error rate is 0.1% Benefits of Automation: Error Reduction: Our error rate is 0.1%

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Locus

NOVEMBER 30, 2023

Pace of Innovation Enterprises must decide how innovation aligns with their logistics strategy. Read Also: Buying vs. Building Logistics Software: How to Choose? Maintenance and tech debt Building legacy systems offers stability but introduces maintenance costs and tech debt, particularly during growth phases. Watch now!

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FreightWaves SONAR

DECEMBER 8, 2020

Therefore, enterprises need to know how to apply transportation data to increase on-time shipping performance. . Get your team on board with new strategies. Business leaders should work to share new strategies and process improvements with all staff. Reduce dock delays. Request a SONAR Demo.

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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). Request a SONAR Demo. Request a SONAR SCI Demo.

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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.

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WorkWave

FEBRUARY 20, 2024

As an electrical contractor, knowing how to estimate electrical work can make the difference between profit and loss. From reviewing job specifications to sending the proposal, this comprehensive guide will show you how to estimate electrical work the right way.

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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.

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The Logistics of Logistics

DECEMBER 15, 2022

Using VRS helps reduce fuel costs, improve operational efficiency and increase delivery speed. How to get your copy of the Gartner® Market Guide. Schedule a OneRail demo to see how our platform tailors a solution for your specific supply chain workflow needs.

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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. What is a Reorder Point?

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EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. Here are six inventory optimization strategies to improve inventory turnover without damaging stock availability: Know your inventory items’ position in their product life cycle.

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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.

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MTS Logistics

JUNE 24, 2022

In this case, you will reduce the cost of transportation and printing. Since a physical copy of the BL is required to release cargo, printing and courier costs occur at this stage. Hapag-Lloyd recently announced the demo of e-bill of ladings that have been used in recent months.

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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. What is an Inventory Discrepancy? Here are some places to start.

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Locus

OCTOBER 18, 2023

By marrying proximity with this tribal knowledge, dispatchers can reduce delivery costs and amplify profitability. A system where drivers can track their performance metrics and see how they translate to bonuses or rewards can be a game-changer. Looking to maximize your SLA adherence without adding up costs?

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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. Request a SONAR Demo. Request a SONAR SCI Demo.

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WorkWave

FEBRUARY 13, 2024

Mastering how to hire a delivery driver is essential in today’s fast-paced market, where excellent customer service and timely deliveries are key. These services can be cost-effective and scalable, but they may lack personalization for customers. ” “How do you handle unexpected situations or delays during deliveries?”

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Locus

AUGUST 7, 2023

If we consider the average cost of a new car in the United States was approximately $40,000 in 2021, this increase is equivalent to almost 4 billion new cars. It is crucial for organizations to evaluate the risks and benefits associated with each approach when considering their digitalization strategy. billion by 2031.

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FreightWaves SONAR

MARCH 18, 2021

Supply chain constraints are impossible to avoid, but they can be planned for to reduce their impact. In other words, the manufacturing supply chain depends on the ability to move freight seamlessly throughout the entire network and to consider how those moves will translate into other activities. Request a SONAR Demo.

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FreightWaves SONAR

JANUARY 25, 2021

Freight management companies and partners can remain unsure of how to attain or utilize meaningful, actionable freight data. . The problem with the growing demand for free shipping is that these services still cost money. Click the button below to request a FreightWaves SONAR demo. Request a SONAR Demo.

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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.

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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 optimizes these functions and helps in creating an effective balance between the cost and benefits of holding inventory. from 2019 to 2025.

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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.

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WorkWave

MAY 16, 2023

Use this guide to learn everything you need about the 34-hour reset rule, including how to make the best of it. Benefits of the 34-Hour Reset Rule Challenges with Implementing the 34-Hour Reset Rule Strategies to Overcome Challenges by Implementing the 34-Hour Reset Rule Why You Should Embrace the 34-Hour Reset Rule Now.

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FreightWaves SONAR

APRIL 5, 2021

Enterprise shippers naturally want to secure the most cost-effective capacity for their freight loads. When enterprise shippers know how to prepare for and predict contract truckload rates accurately, they are more likely to find success with their RFP bids. How to use data to absorb market volatility and manage freight proactively.

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FreightWaves SONAR

FEBRUARY 10, 2021

To help carriers learn how to apply and deploy data more effectively, this white paper will explore: The uses of data to allocate and manage assets. How carriers create data-driven pricing strategies. The advantage of predictive rating tools to manage and maximize RFP efficiency and cost alignment. Request a SONAR Demo.

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Locus

MAY 2, 2023

New fulfillment challenges for D2C brands The fulfillment cost wasn’t a big issue when the scale was small. But as customers increase, businesses must cut down the cost of fulfillment. Low shipping fee: Customers prefer brands that offer lower shipping fees, making it more cost-effective for them to receive their orders.

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WorkWave

JUNE 1, 2023

Recruitment Techniques When speaking with people about becoming a truck driver, the main strategy you’ll want to use is all the benefits, but recruitment techniques will help you find interested individuals. WorkWave’s last-mile delivery software helps you cut operational costs, increase revenue, and improve operations.

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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.

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