FreightWaves SONAR

APRIL 1, 2021

Less-than-truckload shipping, also known as LTL shipping, is nothing new within the transportation and shipping industry, but it has become more of a game-changer in recent years with freight rate prediction. How to track trends developing in long-term pricing agreements. Capture pricing data for LTL freight.

Negotiating Skills 98

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WorkWave

DECEMBER 8, 2023

Analyzing these costs against predefined budgets or industry benchmarks helps optimize carrier selection, negotiate better rates and minimize transportation expenses without compromising service quality. For more information on how RouteManager can empower your team to tighten your inbound logistics, schedule your free demo today.

Inbound 52

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RPA Labs

MARCH 10, 2022

One such technology taking the industry further than before is intelligent document automation. Creating a standard for current operations better equips decision-makers to choose a data-driven processing option that doesn’t limit them to their platform’s restraints. . Are there data extraction limitations?

Supply Chain Software 79

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Ship Monk

DECEMBER 27, 2023

Lucky for ShipMonk clients, our order accuracy rate ranks among the highest in the industry at 99.9%. How to Reduce MisPicks Because mispicks can be caused by any number of processes, preventing them should become a company-wide goal. Identify problem areas by setting KPIs and collecting data. Naturally, we’ve got a few ideas!

eCommerce 64

eCommerce Inventory Reduction Waste Reduction Cost Reduction 64

FreightWaves SONAR

NOVEMBER 5, 2020

Collect data and benchmark your carriers’ performance. Collect and benchmark carrier performance data. That might include collecting both internal data and using the resources available in SONAR, such as SONAR InGauge, to compare carrier data against the industry. . Request a SONAR demo online to get started.

Modeling Software 106

Modeling Software Optimization Modeling Modeling Freight 106

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. Data that is manually entered may be entered incorrectly. How to Avoid Inventory Discrepancies If you’re frequently experiencing inventory discrepancies, you need to make a change — maybe several changes.

Inventory Reduction 72

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RPA Labs

NOVEMBER 3, 2020

Here are a few processes we’ve identified that contribute to an organization’s latency: Re-keying data from documents into systems. In an industry in which 90% of correspondence is conducted via email, implementing email and conversation automation can be a true game-changer. Manually responding to email inquiries.

Automation 55

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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

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Locus

JUNE 16, 2023

Read also: How to Calculate the Cost of Transport 2. Labor costs : The logistics industry is currently facing a significant shortage of qualified drivers in the US, causing a surge in truck driver wages, which constitute 33% of a delivery truck’s operational costs.

Cost Reduction 98

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Ship Monk

NOVEMBER 21, 2022

This article will explain what reorder points are and show you how to calculate them. How to Calculate a Reorder Point. How to Calculate Demand During Lead Time. Improving Data. Demand forecasting and inventory management rely on accurate data. What is a Reorder Point? There’s a formula for that!

How To 52

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FreightWaves SONAR

JANUARY 19, 2021

They derive from a confluence of factors, including truck industry volatility. And having access to freight data on the fly is critical to maximizing asset utilization and load profitability. Click the button below to request a FreightWaves SONAR demo , and become a strategic carrier regardless of your size or tech know-how.

Cost Reduction 98

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FreightWaves SONAR

MARCH 18, 2021

So, it’s equally valuable to know the constraints and to apply data to overcome them with mini-bids. Inability to account for market fluctuations due to disruptions Within the manufacturing supply chain industry, there is a question about whether disruptions will happen and when they will occur. Request a SONAR Demo.

Manufacturing Procurement 91

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Ship Monk

MARCH 21, 2024

Customer relationship management systems collect and centralize all the important data about a business’ customers (and potential customers). This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.

Optimization Software 95

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RPA Labs

OCTOBER 28, 2021

For many shipping industry pros and transportation companies, balancing efficient delivery services and ensuring the highest level of perfection possible is an ongoing struggle. High error rate due to outdated information and decisions based on inaccurate data. Lack of solid communication lines between team members and customers alike.

Supply Chain Software 52

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FreightWaves SONAR

MARCH 12, 2021

Unfortunately, interpreting the data received is never straightforward. Erratic behavior in said data can lead to inaccuracies and confusion for carriers if the activity fails to conform to set standards. Even worse, data that isn’t monitored amounts to lost opportunities for improved efficiency.

Supply Chain Software 97

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FreightWaves SONAR

MARCH 23, 2021

Companies in the over-the-road trucking industry constantly strive to boost efficiency. With so many factors to consider, businesses in this industry may find it challenging to narrow down exactly where they should focus their time and money.

Resource Reduction 98

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FreightWaves SONAR

JANUARY 12, 2021

However, peer, market and historical freight invoice data can help, and it’s essential to know why. Freight management parties still struggle with limited, outdated data. Freight management parties may not know where to turn for meaningful, actionable freight data. At the same time, data is not created equally.

Price Reduction 52

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FreightWaves SONAR

JUNE 14, 2021

Therefore, in the absence of hedging, CPG companies should utilize as much freight-related data as possible to mitigate freight costs more effectively and improve supply chain efficiency. Illustrations of how to do that are found in the following pages. Request a SONAR Demo. Request a SONAR SCI Demo.

White Paper 52

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FreightWaves SONAR

JULY 14, 2023

The industry has been propelled forward at lightning speed in recent years, thanks in large part to an intensifying focus on technology. Fortunately, hopeful changemakers can look to several resources to broaden their understanding of both the freight market and the industry as a whole. port activity.

Supply Chain Planning Software 52

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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 85

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FreightWaves SONAR

JANUARY 28, 2021

Enterprise shippers are looking for ways to capture and analyze more data Making the most of available technology has always been critical for fine-tuning a supply chain. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis. Download the White Paper.

Waste Reduction 106

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FreightWaves SONAR

MARCH 26, 2021

How to know when it’s time to rethink your intermodal versus truckload strategy And lastly, the primary factor goes back to knowing when to start considering expansion of intermodal freight use in conjunction with rebidding on existing lanes. A tactical supply chain relies on data and facts to guide all activities. Shorter hauls.

Freight 97

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FreightWaves SONAR

FEBRUARY 25, 2021

It always goes back to using data as a best practice for all aspects of freight management. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation. Download the White Paper.

Supply Chain Software 90

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FreightWaves SONAR

DECEMBER 10, 2020

According to Supply Chain Dive , “The number of supply chain professionals who say they’re currently using predictive analytics at their company has grown 76% from 2017 to 2019, according to a Supply Chain Dive analysis of the annual MHI Industry Report.” And that involves understanding them and knowing how they work.

Supply Chain Planning Software 95

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FreightWaves SONAR

DECEMBER 8, 2020

Staying up to date with the latest trends , technology and innovations is important within any industry, but it is particularly true of the logistics and shipping industry. The conference brings together over 38,000 retailers, vendors and industry experts. The event will teach you how to accomplish these goals and more.

Events 98

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FreightWaves SONAR

FEBRUARY 2, 2021

Trucking carriers and freight managers have much to keep up with in the shipper and trucking industry. This becomes especially true today during recovery and continued disruptions and deviations in the freight market — two of the industry’s primary goals being a full recovery and adjustment.

Tips 98

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FreightWaves SONAR

JANUARY 19, 2021

As the industry settles following the biggest peak season in history, now is the time when shippers will start rethinking their annual contracts. Those systems are like the individual lanes within the transportation industry. But it’s not even a whole industry view that can have the biggest impacts. Request a SONAR Demo.

Supply Chain Planning Software 98

Supply Chain Planning Software Sourcing Strategies Expense Reduction Scenario Planning 98

FreightWaves SONAR

MARCH 2, 2021

Some of the most common issues that arise from a lack of accurate transportation cost analysis and data tracking include the following: Inability to track data and respond to it in real-time. . Limited data sharing within the chain. Staying on top of trends within the industry is critical for survival now and in the future.

Analysis 98

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FreightWaves SONAR

JANUARY 26, 2021

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. Tips for applying data to balance freight load pressures on the network. Defining freight load balancing. Download the White Paper.

Price Reduction 78

Price Reduction Cost Reduction Waste Reduction Optimal Sourcing 78

FreightWaves SONAR

DECEMBER 22, 2020

A confident, data-driven trucking RFP undertaking can make a big difference in freight spend. According to Matt Leonard of Supply Chain Dive : “Demand for trucking freight is being driven by strong consumer spending and a manufacturing industry that’s seen growth for five straight months. Request a SONAR Demo.

Optimization Software 106

Optimization Software Optimization Tips Price Reduction 106

Log-hub

NOVEMBER 22, 2023

In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years. This can make the application of ABCD Analysis less effective.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

FreightWaves SONAR

DECEMBER 9, 2020

Companies in various industries and regions often have very different needs that require a varying array of solutions. . Sifting through conference agendas for specific industries is another method for sourcing freight broker leads. Quite a few shippers and consignees are located in industrial areas. 3: Conference agendas.

Sourcing Strategies 106

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FreightWaves SONAR

DECEMBER 28, 2020

And knowing their differences and how those differences amount to varying service levels, including benefits, are key to success. . There are many benefits to be gained from working with more than one of the trucking carriers that offer service in a given industry or shipping lane. Request a SONAR Demo.

Waste Reduction 106

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Ship Monk

APRIL 11, 2024

Once you’ve regained consciousness and determined that your ecommerce business has tax obligations in a particular state, you’ll need to figure out how to pay them. How to Collect Sales Tax on Ecommerce Sales First, you’ll need to get registered in every state and jurisdiction where you have nexus or a physical presence.

eCommerce 77

eCommerce Tips Purchasing Skills Procurement Solutions 77

FreightWaves SONAR

MARCH 15, 2021

Read on to learn what is SONAR SCI’s Lane Acuity Plus, what it tells subscribers who have purchased SONAR SCI, and how the application aids freight market participants by gaining deeper lane by lane insights around freight shipping. . This data has been collected over a 4 year period, broken down into shipper industry cohorts.

Optimal Sourcing 98

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Parade

FEBRUARY 10, 2022

Parade is considered the top capacity management solution by most of the supply chain industry. We recently published , a blog post about how Parade is different from other capacity management vendors, but then we realized there were even more unique features that Parade offers their customers.

Vendor Strategies 78

Vendor Strategies Capacity Price Reduction Networks 78

FreightWaves SONAR

FEBRUARY 22, 2021

Smart and practical trucking data is critical for the modern supply chain network. And it’s critical to know how to apply these practices correctly. . The industry recently experienced an all-time high in capacity demands across all carrier types. This gets easier to accomplish with tailored benchmark data analysis. .

Price Reduction 75

Price Reduction Supply Chain Planning Software Waste Reduction Cost Reduction 75