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For Many, the Annual Freight Bid Season is Not “The Most Wonderful Time of the Year”

Logistics Viewpoints

The frequency of RFP events is only one area that can be improved as shippers look for a better way to manage freight procurement processes. Flexibility to schedule rate bid events based on business needs. Some items on a shipper’s “Wish List” for freight procurement are flexibility, visibility, and efficiency.

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COVID Has Fundamentally Changed the Profession of Supply Chain Management

Logistics Viewpoints

The toilet paper shortage was one of the COVID era events that taught people what the term “supply chain management” meant. In warehouses, for example, one solution is labor management. Multinationals knew that events could occur that could cost them tens, or hundreds of millions of dollars.

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The Advantage of Speed: The Cooper Health Supply Chain Relies Upon Real-time Risk Alerts

Logistics Viewpoints

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur. Of course it would!

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Autoliv’s Supply Chain Risk Management Journey

Logistics Viewpoints

in turn, is a boutique procurement consultancy. Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. This intermediate step is more related to Procurement and supply chain transparency.

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Introducing Index-Linked Contracts

FreightWaves SONAR

Freight procurement has serious problems. Tender acceptance can range from 98% to just 75% over the course of a freight cycle, causing disruptions to supply chains that result in charge-backs, stockouts and lost sales. Contracts don’t hold up. How bad is the problem for shippers?

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Freight Market Intelligence: Data is crucial, but context is king

Freightos

Here are some interesting highlights: Justification Is Key Interestingly enough, one of the most important drivers for market intelligence is justifying procurement decisions or operational decisions to internal stakeholders, like executive teams, or to customers. This was, of course, an extremely popular use case for market data.

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Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

The answer is to benchmark your freight, of course. The benefit of this is that you’ll be in a more proactive state when unforeseen events or crises arise with minimal warning. It will also make it easier to determine, for example, if you should opt for contract rates over spot rates or vice versa.