article thumbnail

The four factors that impact freight trucking revenue and profitability

FreightWaves SONAR

Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction. 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.

article thumbnail

The 3 Pillars of Supply Chain Management (And Why Their Alignment Matters)

Logistics Bureau

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. Aligning strategy, service, and financial factors in your supply chain operation is essential to support your company’s overall business strategy , mission, and objectives. The Importance of Alignment.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Chain Intelligence: The Value of AI and Machine Learning to Predict Freight Rates

FreightWaves SONAR

Of course, no disruption comes close to those that have been experienced to date in 2020. However, AI can provide a pathway toward more proactive, responsive management strategies. Of course, even those capabilities hinge on AI to digest, interpret and act upon data. . And 56% experience supply chain disruptions annually.

article thumbnail

Autoliv’s Supply Chain Risk Management Journey

Logistics Viewpoints

Steve: Klaus, when we talked, you mentioned Autoliv was already doing digital supplier management, had digital sourcing solutions, and was looking at real-time transportation visibility solutions to provide better predicted times of arrival for inbound and outbound shipments. Steve: Jan, you have not said much. Any final thoughts?

article thumbnail

8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Of course, it is helpful to have some statistics on hand to validate the statement above. Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. What’s wrong with this picture?

article thumbnail

5 Tips for Writing a Transportation Management Plan

GlobalTranz

Only those people who have duly completed the advanced traffic management course or its equivalent should write it. Describe the Outbound Transportation This description covers the movement of an outbound load from the company premises/warehouse to the customer’s destination. Download White Paper.

Tips 65
article thumbnail

Why E-commerce Fulfillment Is Set to Move to a 2-Hour Delivery Standard & What You Can Do About It

GlobalTranz

How to Stay Competitive With Two-Hour Delivery Warehouses must plan for growth in e-commerce fulfillment to stay successful, and they need to transition existing operations to a record-breaking picking strategy. Gain real-time visibility into inventory, moving to a just-in-time inventory management strategy.