FreightWaves SONAR

APRIL 1, 2021

That gave rise to a new time pricing strategy, dimension (DIM) pricing. . Density plays a role in the form of dimensional pricing. DIM pricing considers cubic volume in addition to physical height, width and depth of packages as a factor for price calculations. Capture pricing data for LTL freight.

Negotiating Skills 98

Negotiating Skills Price Reduction Trends How To 98

FreightWaves SONAR

FEBRUARY 10, 2021

Many of the most beneficial tools come from the utilization of data and analytics. Data and analytics provide carriers with an incredible wealth of information that has proven to bolster revenue and profits. How carriers create data-driven pricing strategies. Request a SONAR Demo.

White Paper 98

White Paper Optimization Software Data Price Reduction 98

FreightWaves SONAR

JANUARY 12, 2021

As demand for e-commerce accelerated, notes John Koetsier of Forbes , trucking carriers gained extreme favor in pricing power. In turn, carrier freight pricing guidance must be attuned to the fluctuations within individual needs, and that’s despite the use of end-to-end trucking analytics. At the same time, data is not created equally.

Price Reduction 52

Price Reduction Data Freight Optimization Software 52

FreightWaves SONAR

APRIL 5, 2021

Tracking market trends within truckload rates relies heavily on data and analysis. This kind of real-time data analysis and application is essential for shippers to stay strategic and tactical as they forecast out contract and spot truckload rates. Data-driven insights provide a rubric for guiding RFP processes.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

FreightWaves SONAR

FEBRUARY 5, 2021

(Graphics created by Emily Ricks) Carriers frequently find themselves frustrated when costs eat away at their profits and they have limited pricing visibility. Financial losses or declining profitability certainly make cost-cutting a priority. Using freight indices assists significantly in finding the most appropriate pricing ranges.

Expense Reduction 105

Expense Reduction Cost Reduction Price Reduction Waste Reduction 105

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.

Expense Reduction 52

Expense Reduction Price Reduction Cost Reduction Vendor Strategies 52

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. Lack of visibility and insight into common observable costs. . Consider this fact.

Analysis 98

Analysis Price Reduction Cost Reduction Supply Chain Planning Software 98

FreightWaves SONAR

FEBRUARY 1, 2021

This struggle can finally come to an end through the use of modern analytics and data management. Such applications of freight technology allow carriers to improve their systems across the board, improving profit margins, reducing load times, streamline shipping, and many more benefits. Request a SONAR Demo.

Data 76

Data Price Reduction Cost Reduction Expense Reduction 76

FreightWaves SONAR

FEBRUARY 22, 2021

Smart and practical trucking data is critical for the modern supply chain network. They tend to follow similar lines and influence services and prices throughout transportation networks. And it’s critical to know how to apply these practices correctly. . This gets easier to accomplish with tailored benchmark data analysis. .

Price Reduction 75

Price Reduction Supply Chain Planning Software Waste Reduction Cost Reduction 75

Log-hub

DECEMBER 12, 2023

Your most valuable tool in such situations is making decisions based on data. Did you know that the impact of data-driven decision-making is significantly amplified when disruptions occur? Leveraging data-driven decision-making has the potential to yield improvements of up to 10% in conditions characterized by disruptions.

Supply Chain Design Software 52

Supply Chain Design Software Scenario Planning Supply Chain Design Supply Chain Planning Software 52

FreightWaves SONAR

JANUARY 19, 2021

And having access to freight data on the fly is critical to maximizing asset utilization and load profitability. Unify pricing strategies with freight forecasting tools The final step to getting more from your fleet requires freight forecasting tools. Request a SONAR Demo. Backhauls can be factored into that routing.”

Cost Reduction 98

Cost Reduction Supply Chain Planning Software Optimization Software Trucking 98

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.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

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. When the freight market meets expectations and is less volatile, it is easy for shippers and carriers to not look at inefficient processes or their transportation procurement strategy.

Price Reduction 78

Price Reduction Cost Reduction Waste Reduction Optimal Sourcing 78

Ship Monk

SEPTEMBER 14, 2022

How to Calculate Beginning Inventory. For eCommerce merchants and retailers , this number includes the purchase price and the carrying/holding costs associated with stocking and storing inventory in a warehouse. As a result, tracking and reporting data (such as beginning inventory) from day to day or month to month becomes oh so easy.

Inventory Reduction 78

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 78

FreightWaves SONAR

FEBRUARY 2, 2021

Improve end-to-end visibility to reduce idle time and wasted resources. Apply big data through advanced analytics to understand current load rates, including predictive modeling of future rates. Apply big data through advanced analytics to understand current load rates, including predictive modeling of future rates.

Tips 98

Tips Waste Reduction Cost Reduction Operations 98

FreightWaves SONAR

DECEMBER 22, 2020

Shippers want a significant reduction in the stress of logistics. With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. Request a SONAR Demo.

Optimization Software 105

Optimization Software Optimization Tips Price Reduction 105

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 84

eCommerce Inventory Reduction Operations Modeling Software 84

FreightWaves SONAR

DECEMBER 21, 2020

Using real-time data , freight managers can finally begin to recognize their opportunities for better business relationships. And it’s equally important to know the top 10 challenges for shippers in negotiating trucking contracts like limited headhaul insight and how to overcome them. Limited network contacts result in higher costs.

Negotiating Skills 76

Negotiating Skills Trucking Price Reduction Cost Reduction 76

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

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. In 2022, inflation rates peaked at 9.1%

Supply Chain Planning Software 52

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

FreightWaves SONAR

APRIL 7, 2021

Most of the freight moves under a more consistent pricing structure or “ contract ” rates. Compliance levels fell rapidly, leading to surging spot pricing. Unlike previous years when the market was more stable, shippers will have a tough time finding the sweet spot that balances price and service/compliance levels.

Negotiating Skills 98

Negotiating Skills Compliance Cost Reduction Trucking 98

FreightWaves SONAR

FEBRUARY 2, 2021

The state of logistics in 2021 continues to undergo transformation and disruption (continued from 2020), and while companies are looking for new logistics strategies to stay proactive, there comes a point at which supply chain leaders need a simple, fast way to view market conditions. Consistent data collection. Near-real-time data.

Supply Chain Planning Software 52

Supply Chain Planning Software Freight Supply Chain Software Resource Reduction 52

Turvo

FEBRUARY 24, 2022

Key trends in 3PL operations The key trends in 2022 for 3PL operations strive to automate processes and give better insight into customer and shipper expectations, dominated by technology and supply chain data analytics. Request a Turvo Demo. . It makes unplanned demand a significant issue even for the biggest of 3PLs.

Supply Chain Planning Software 87

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 3PL 87

FreightWaves SONAR

MARCH 24, 2021

One of the best strategies of risk management is diversification of assets or revenue drivers. Brokerage leaders are turning to this strategy for their freight business. You see examples of this strategy in large brokerages today. XPO Logistics strategy has attacked diversity harder in the last few years.

Freight 72

Freight Price Reduction Cost Reduction Inventory Reduction 72

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

Shipchain

MARCH 13, 2019

Logistics Applications of Blockchain Maintain Data for All Parties. Logistics applications of blockchain all derive from maintaining an incorruptible data resource. Supply chain leaders can validate payments for goods through blockchain, thereby reducing fraud. Trucks in the U.S. Freight shipped sooner for shippers and carriers.

Supply Chain Planning Software 119

Supply Chain Planning Software Waste Reduction Logistics Network Optimization Software Freight 119

Parade

FEBRUARY 10, 2022

That means that customers using those systems often must use several systems to manage their capacity, potentially forcing them to input data into multiple systems and switching between them to find the best carrier for a load. You can imagine how much information might be missed by a human brain in all that confusion.

Vendor Strategies 78

Vendor Strategies Capacity Price Reduction Networks 78

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. Were they discounted and by how much?

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

Shipchain

NOVEMBER 22, 2019

Thanks to IoT, the amount of data currently available to you and your organization to analyze is gargantuan. All of this data comes together to help you understand your customers, competitors, overall industry and purchasing trends, and so on. How can you give yourself a competitive advantage over your competitors?

Supply Chain Software 70

Supply Chain Software Supply Chains Optimization Software Price Reduction 70

Ship Monk

JULY 27, 2022

Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! Put simply, demand forecasting uses a variety of data to foresee customer demand and inform major business decisions, from launching new products to finding the perfect 3PL partner. What is Demand Forecasting?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Parade

JANUARY 3, 2022

The ability to input this carrier data allows brokers to tailor the loads they show to their carriers. Having carrier preferences as updated as possible can help get more quotes from carriers so that brokers and , freight agents have more options on each load, giving them better odds of getting them covered at a price they can stand to pay.

Sourcing Strategies 78

Sourcing Strategies Optimal Sourcing Price Reduction Capacity 78

Parade

JANUARY 3, 2022

The ability to input this carrier data allows brokers to tailor the loads they show to their carriers. Having carrier preferences as updated as possible can help get more quotes from carriers so that brokers and , freight agents have more options on each load, giving them better odds of getting them covered at a price they can stand to pay.

Sourcing Strategies 78

Sourcing Strategies Optimal Sourcing Price Reduction Capacity 78

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

Supply Chain Design Software Supply Chain Planning Software eCommerce Logistics Network Optimization Software 52

Locus

DECEMBER 23, 2022

Download our casestudy to learn how to eliminate human dependency for your Retail business. Retailers should leverage cutting edge technology solutions to overcome this major roadblock. Lack of insights : Data is crucial to understand your customers. How to help retailers achieve customer delight.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimization Software Supply Chain Software 52

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

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

FreightWaves SONAR

MARCH 5, 2021

And Beth Carroll of 3PL Magazine further explained that sentiment, “How hard can it be to develop a commission plan? Should] you just figure out if it should be 5% or 6% [without data]?” Shippers will not be willing to accept a lack of trucking capacity or last-minute price changes in an industry that is becoming more transparent.

Negotiating Skills 98

Negotiating Skills Modeling Software Sourcing Strategies Logistics Network Optimization Software 98