FreightWaves SONAR

MARCH 2, 2021

The total value of resources, man-hours, construction, equipment, maintenance, fees, and other costs must be accurately estimated for expense prediction to be effective. 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

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 is an essential part of supply chain management and is crucial in achieving operational efficiency, reducing costs, and boosting customer satisfaction.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain 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. More expensive borrowing.

Supply Chain Planning Software 52

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

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

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

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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

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EazyStock

NOVEMBER 19, 2021

But if you don’t carry enough, you face stock-outs and reduced service levels. This leads to a stock-out in week four and a number of expensive back orders. For products whose demand is more erratic, higher levels of safety stock are required, but how do you calculate the optimal level? Average/Max safety stock formula.

How To 52

How To Inventory Reduction Inventory Optimization Modeling 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. It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. This keeps the data clean and easier to use for forecasting going forward.

Inventory Reduction 98

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FreightWaves SONAR

DECEMBER 23, 2020

Freight brokers have had to quickly switch from expense accounts to cameras. It is called a ring light and it provides enough front light to eliminate any shadows that happen when you only use your normal indoor lighting. . If you do need to present a demo, PowerPoint, or other material on a call, then you will need to use your laptop.

Tips 96

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EazyStock

JUNE 18, 2019

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. Here is a working illustration of how to divide your inventory using annual consumption value. How to Put your Data to Good Use.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

Locus

APRIL 18, 2023

Minimizes parcel sorting time: With its advanced Machine Learning algorithms, Locus’ last-mile logistics software has helped many businesses reduce parcel sortation times. As a result, many dispatchers, field managers, and fleet managers could reduce the time to plan schedules to a few minutes from hours.

Optimization Software 52

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Conger

JULY 22, 2021

How to choose the right system for you. How to Choose an eCommerce Warehouse Management System. You can track data about the latest orders, shipments, or any other activity on your inventory. And this can help reduce errors and cut costs in the process. Reduced Costs. Let’s dive in! Table of Contents.

Supply Chain Design Software 52

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RPA Labs

JULY 22, 2021

How do you improve customer service processes and reduce the risk for human errors? When it comes to freight invoices and learning how to streamline those processes, businesses find that technology plays a large role in the logistics industry. Streamline Payment Management by Auto-Auditing Freight Invoices.

Freight forwarding 40

Freight forwarding Logistics Network Optimization Software Expense Reduction Freight 40

RPA Labs

JULY 22, 2021

How do you improve customer service processes and reduce the risk for human errors? When it comes to freight invoices and learning how to streamline those processes, businesses find that technology plays a large role in the logistics industry. Streamline Payment Management by Auto-Auditing Freight Invoices.

Freight forwarding 52

Freight forwarding Logistics Network Optimization Software Expense Reduction Freight 52

EazyStock

JUNE 18, 2019

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. Here is a working illustration of how to divide your inventory using annual consumption value. How to Put your Data to Good Use.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

Ship Monk

DECEMBER 15, 2023

We also hope you’re paying close attention to the data coming in because this will become your baseline for many BFCM seasons to come. Mature ecommerce businesses use every source of data they can get their hands on, from shopping platform analytics to inventory and fulfillment platforms. Did you run out of inventory?

Purchasing Skills 64

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Log-hub

DECEMBER 8, 2023

As per the ATRI data, the overall marginal expenses for trucking marked a significant of 21% increase in the year 2023. To jump straight to the point, some basic strategies for handling rising transportation costs, which we’ll cover in this Playbook, are related to optimal network design and route optimization.

Cost Reduction 52

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Ship Monk

DECEMBER 27, 2023

So what can you do to avoid the expense of mispicks? Anything you can do to reduce picking errors not only goes straight to your bottom line, it also protects your brand’s reputation. If you want to reduce the costs associated with mispicks, start by preventing them from happening. Eliminate paper. What is a Mispick?

eCommerce 64

eCommerce Inventory Reduction Waste Reduction Cost Reduction 64

Locus

DECEMBER 15, 2022

To solve the delivery exceptions or reduce it, it is necessary to know the reasons. Also, every additional time your vehicle is run to deliver the same order gets added to the expenses. How to respond to delivery exceptions? Data insights + Machine Learning = Increased ability to predict SLA breaches. Manual Processes.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Procurement Analytics 52

FreightWaves SONAR

DECEMBER 30, 2020

Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. Throughout the supply chain, data-driven transportation management’s success is only as good as the data quality and integrity in use.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

Ship Monk

FEBRUARY 9, 2024

Demand forecasting is the process of estimating how many units of each product you’ll need to cover demand for a given sales period, without running out of stock or having to take excessive post-holiday markdowns. All of them rely on data, whether you’re using historical data or new findings gathered from consumer research.

eCommerce 86

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FreightWaves SONAR

MARCH 25, 2021

However, the routing guides can be much more clearly defined by thinking about how they apply to overall shipper stability and why consideration of market volatility data and analytics are critical to understanding service levels. Alignment of rates with market stability grades reduces the risk of rejection and delays.

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

FreightWaves SONAR

JANUARY 19, 2021

And having access to freight data on the fly is critical to maximizing asset utilization and load profitability. Remember that those fines amount to extra overhead expenses for carriers, so it’s a cause-and-effect relationship. Request a SONAR Demo. Backhauls can be factored into that routing.”

Cost Reduction 98

Cost Reduction Supply Chain Planning Software Optimization Software Trucking 98

EazyStock

MARCH 17, 2021

In this piece, we’ll take a look at some of the top types of supply chain disruptions, the impacts that they have on your supply chain, how to mitigate whatever risk you can and finally how you can handle supply chain disruptions once they occur and come out on top. Types of Supply Chain Disruptions. Impacts from Disruptions.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 78

FreightWaves SONAR

JANUARY 19, 2021

Part of that risk plays into how successful shippers or carriers will be with keeping their overhead expenses under control and maximizing efficiency. Broad market assumptions are great for broad strategies, but as everyone knows, the supply chain is rarely that simple. Think about it.

Supply Chain Planning Software 98

Supply Chain Planning Software Sourcing Strategies Expense Reduction Scenario Planning 98

Locus

OCTOBER 16, 2022

How to ace last-mile reverse logistics? Schedule a Demo Now. Leverage data insights. How much is the cost to dispatch orders from the sorting center to the customer’s doorstep? Reverse logistics in the last mile is an expensive and complex process that requires data-driven decisions.

Reverse logistics 52

Reverse logistics Optimal Sourcing Sourcing Strategies Logistics Network Optimization Software 52

Locus

JUNE 23, 2022

The gap between online and offline channels has reduced Customers using multiple devices before attempting a purchase The increasing number of touchpoints to buy a product Retailers want to own the customer experience and build a direct relationship with customers. Schedule Demo. Challenges in the last mile for omnichannel retailing.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Modeling Software Optimization Software How To 52

Turvo

JUNE 16, 2020

So it comes as no surprise that the biggest challenges for shippers, according to a 2019 survey, published by Inbound Logistics , revolve around lowering freight spend and e-commerce: “Nearly two-thirds of them—63%—cite cutting transportation costs as an important focus of their logistics efforts.

Logistics Network Optimization Software 64

Logistics Network Optimization Software Sourcing Strategies Cost Reduction Expense Reduction 64

Turvo

MAY 11, 2020

According to TruckingInfo , “gross margins and revenues were down for freight brokers in the third quarter of 2019, but cost reductions allowed brokers to stay profitable.” The need for more data and functionality also resulted in the use of multiple systems for each carrier, shipper, 3PL, or other involved parties.

Cost Reduction 55

Cost Reduction Expense Reduction Inventory Reduction Resource Reduction 55

WorkWave

OCTOBER 12, 2022

Google Maps has a significant amount of real-time traffic information – it collects data from users worldwide to understand traffic flows at any given point. It offers precise and accurate data to optimize your driver’s routes between stops. BOOK DEMO. #5 In general, it is not designed for significant business usage.

Optimization Software 52

Optimization Software Logistics Network Optimization Software Eliminating Excel in Purchasing Optimization 52

Shipchain

SEPTEMBER 4, 2019

That’s why it’s important to dispel the myths surrounding blockchain and cut through the buzzwords. There’s a misconception that public means anyone can access your data, while private indicates an extra level of security. Here are three reasons why public chains are better for the industry than private ones: 1. But this is false.

Supply Chain Planning Software 48

Supply Chain Planning Software Logistics Network Optimization Software Industry Supply Chain Software 48

FreightWaves SONAR

FEBRUARY 5, 2021

As reported by Supply Chain Game Changer , “certainly there are many factors that can cause a company to apply intense pressure on the supply chain and other functions, to reduce their costs. Financial losses or declining profitability certainly make cost-cutting a priority.

Expense Reduction 105

Expense Reduction Cost Reduction Price Reduction Waste Reduction 105

Conger

FEBRUARY 5, 2024

Sign the Paperwork and Forklift Delivery Once you have tested the forklift and feel it passes your demo requirements, your next stop is signing the paperwork. Don’t just ask how much is a used forklift or how much is a new forklift. Determining how to procure that equipment, however, shouldn’t be difficult.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Purchasing Skills Negotiating Skills 52

FreightWaves SONAR

JANUARY 15, 2021

Meaningful, easy-to-understand data concepts and visualization will affect accept-or-reject decisions. But again, these owner-operators may not know how to strategically plan loads or moves. It all comes down to seeing what’s happening and acting on that near-real-time data. Request a SONAR Demo.

Trends 64

Trends Trucking Supply Chain Planning Software Optimization Software 64