FreightWaves SONAR

SEPTEMBER 20, 2021

There is a scene in Curb Your Enthusiasm where Larry David, who had never before purchased illegal drugs, asks a dealer, “Is that a fair price you’re quoting me?” Without adequate data and information on the freight market, shippers can find themselves in the same disadvantageous position as Mr. David. Request a SONAR Demo.

White Paper 98

White Paper Negotiating Skills Purchasing Skills Freight 98

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. Customer relationship management systems collect and centralize all the important data about a business’ customers (and potential customers). With most ecommerce businesses, however, the sales pipeline isn’t nearly as long or as hands-on.

Optimization Software 97

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 97

FreightWaves SONAR

JANUARY 5, 2021

Operational costs continue to increase for carriers year to year. Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Freight data reduces dwell time and load time. Operating Ratio.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

Parade

JANUARY 20, 2022

That’s not to say that it doesn’t take time to get to the point where you can use a purchased software in operations; it takes time to implement, integrate, test, and train staff to work with new programs. Reach out to the team at Parade for a demo that will give you a peek into everything Parade has to offer.

Procurement Solutions 78

Procurement Solutions Supply Chain Software Purchasing Skills Purchasing 78

FreightWaves SONAR

MARCH 4, 2021

Truckload freight and transportation costs make up a large part of most logistical spending for shipping companies across the country. With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. That’s where data analytics comes in.” Download the White Paper.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

FreightWaves SONAR

DECEMBER 1, 2020

The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freight data remain disparate and lack value. Knowing the lead time helps warehouse managers understand when to restock inventory, allocate drivers, source more capacity, and take other necessary steps. Hassle or cost to serve.

Purchasing Skills 100

Purchasing Skills Freight Procurement Analytics Optimal Sourcing 100

Ship Monk

DECEMBER 15, 2023

Will consumers be reluctant to use credit cards for holiday purchases? What We Learned So Far With the numbers in, we gathered findings from multiple sources to suss out the shiniest nuggets of wisdom. For the first time, mobile purchases have overtaken desktop purchases. Which items were frequently purchased together?

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

Locus

MAY 2, 2023

When they first began their journey, the greatest challenge was gaining the trust of consumers, who were used to visiting their local grocery store and largely preferred to check their groceries first-hand before purchasing them. To date, it has also been able to reduce its delivery costs by 66%.

Cost Reduction 52

Cost Reduction Price Reduction Purchasing Skills Logistics Network Optimization Software 52

FreightWaves SONAR

FEBRUARY 11, 2021

Instead of wasting resources to guess at which lanes and shippers meet minimum load requirements, capturing real-time freight data helps carriers identify their top performers, review eligibility for shipper-of-choice status and ensure everything runs more smoothly. Financial insight feeds into equipment purchasing decisions.

Procurement Analytics 98

Procurement Analytics Trucking Optimization Software Operations 98

Ship Monk

SEPTEMBER 14, 2022

By value , we mean how much that inventory cost to make or purchase, plus how much it’s costing you to store it. For an eCommerce business, inventory is your most valuable asset (at least in terms of bookkeeping) and also one of your largest costs. Ending Inventory + COGS – Purchases = Beginning Inventory.

Inventory Reduction 80

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 80

Shipchain

JANUARY 8, 2020

But the question remains– who is eating the cost of that damaged product ? According to Retail Drive, 21% of oversized online purchases arrive damaged each year, with 15% never arriving at all. . So who eats the cost- whether it be a one-off damaged product or an entire pallet worth millions?

Purchasing Skills 62

Purchasing Skills Production Supply Chain Software Supply Chains 62

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

Ship Monk

JULY 28, 2022

If your eCommerce business makes and sells hats, for example, you purchase raw materials such as fabric, thread, leather, ribbon, etc. Its value includes not only the cost of the raw materials in use, but the added manufacturing costs. When Does Inventory Become WIP Inventory? to make the hats.

Inventory 64

Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

FreightWaves SONAR

FEBRUARY 15, 2021

This week, learn how executives who manage a trucking business are monitoring carrier operations-based indices to improve profit margins and reduce operational trucking costs. Formula : Operating ratio = total operating costs / operating revenue * 100. Operating Ratio (OPRAT).

Trucking 98

Trucking Expense Reduction Operations Purchasing Skills 98

EazyStock

APRIL 18, 2023

High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. Consequently, this means that they aren’t spending money, which should trigger demand fall, which should result in costs falling. Higher costs of storage.

Supply Chain Planning Software 52

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

FreightWaves SONAR

AUGUST 25, 2021

While it may be premature to say Christmas is canceled, any company having to purchase capacity on the ocean is facing unprecedented pressure. The free white paper, Ocean shippers trapped in house of pain , highlights data impacting the maritime market, from the FreightWaves’ SONAR platform, as well as information from many other sources.

Maritime 52

Maritime White Paper Demo Purchasing Skills 52

FreightWaves SONAR

NOVEMBER 23, 2020

The Operating Ratio (OPRAT) index provides total operating costs divided by operating revenue, which is derived from the Truckload Carriers Association (TCA) members and is reported on a monthly basis. While the truckload carriers submit 500+ points of data, only 31 are published in an aggregated basis inside of SONAR.

Operations 98

Operations Negotiating Skills Purchasing Skills Freight 98

FreightWaves SONAR

FEBRUARY 1, 2021

Average contract rates show trends developing in long-term pricing agreements to prepare freight market participants for annual bids or any increases in shipping freight rates. Unlike the spot freight market, contracted agreements have a longer cycle and are typically negotiated on an annual basis. Request a SONAR Demo.

Negotiating Skills 75

Negotiating Skills Purchasing Skills Freight Procurement Analytics 75

Locus

JULY 24, 2023

If done right, load matching means better resource optimization, cost reduction, streamlined operations, and ultimately, happy customers and businesses. For instance, 41% of global shoppers expect same-day delivery for their purchases. Some of the factors that load matching depends on include: 1.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Optimization Software Optimization 52

FreightWaves SONAR

AUGUST 13, 2021

I often hear people that speak of supply (capacity) or demand (freight volume) refer to either one as if that explains pricing alone, when in practice, you must understand how each dynamic moves separately. Industrial – PMI (Purchase Managers Index). Retail sales [white] and the Purchasing Managers Index [green] remain very strong.

Manufacturing Procurement 98

Manufacturing Procurement Trucking Purchasing Skills Ordering 98

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 23, 2021

Let’s take a closer look at why it again harkens to the value of real-time data and how it adds value to the supply chain. The challenges of tracking intermodal shipping costs and value. That includes managing energy consumption costs and environmental impact, both critical components within an ESG-conscious strategy.

Supply Chain Planning Software 59

Supply Chain Planning Software Cost Reduction Purchasing Skills Optimization Software 59

FreightWaves SONAR

DECEMBER 15, 2020

Carriers and transportation experts are always looking for ways to cut costs and maximize spending. A freight spend analysis can help cut those extra costs. By doing so, carriers and experts pinpoint logistics cost contributors. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues.

Analysis 59

Analysis Procurement Analytics Optimization Software Optimal Sourcing 59

Locus

OCTOBER 21, 2022

According to United States Census Bureau data , advance estimates for U.S. To provide consumer experiences for your online shoppers after they make their purchases, click here. From the moment the order is placed till it reaches the customer’s doorstep, Locus’ DMP tracks on-time performance, distance, cost and other business insights.

Supply Chain Planning Software 52

Supply Chain Planning Software Meeting Optimal Sourcing How To 52

Blue Grace Logistics

APRIL 13, 2022

The benefits of these systems are managing transportation costs and navigating capacity crunches. They negotiate on a shipment by shipment basis, so a TMS is less about freight spend and more about getting the perfect price each time and squeezing more productivity out of shipments. EDI setup is a part of this issue.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 62

Blue Grace Logistics

MARCH 2, 2021

The benefits of these systems are managing transportation costs and navigating capacity crunches. They negotiate on a shipment by shipment basis, so a TMS is less about freight spend and more about getting the perfect price each time and squeezing more productivity out of shipments. Want A Free BlueShip TMS Demo?

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 62

Logistics Business Magazine

JANUARY 16, 2023

Microsoft Teams demos can also be recorded and referred back to, in close up, for extra reassurance and guidance. The remote agile medium definitely makes it more manageable for staff and is a lot more practical and cost effective for us as a business than the traditional on-site approach.

Procurement Solutions 60

Procurement Solutions Purchasing Skills Procurement Analytics Logistics Network Optimization Software 60

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. Choose and implement demand planning software While you can do demand planning manually, managing data in multiple spreadsheets makes it harder to analyze and bring together usefully.

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. While you can do demand planning manually, managing data in multiple spreadsheets makes it harder to analyze and bring together usefully. Gather internal and external data.

Supply Chain Planning Software 52

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

EazyStock

JUNE 16, 2022

AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. Using regularly gathered data, it notices patterns and suggests the next actions. Automating these processes will save admin time and reduce costs.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Locus

MAY 25, 2022

Source: statista.com. But today, nothing can be more heartbreaking to a customer than a business breaking its delivery promise on their prized purchases. It gives them an experience of the product before purchasing. 64% of US consumers find fast shipping as the second most important criteria when they do online purchases.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

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

Trinity Logistics

AUGUST 3, 2021

TMS HESITANCY 2: IT COSTS TOO MUCH. What you have in place may work for now, but when your business really starts growing, the cost and time to manage your workload will be growing too. There’s a big difference between purchasing software to use from a company and working with a 3PL that offers it as a solution. We understand.

Supply Chain Design Software 138

Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software Procurement Solutions 138

FreightWaves SONAR

MARCH 12, 2021

If the sales rep doesn’t get hung up on after saying no, their experience will allow them to explain the importance of a brokerage being able to leverage carrier assets, bring more supply to shippers, along with cost savings. The SONAR Operating Ratio index (OPRAT) provides the total operating costs divided by the operating revenue.

Purchasing Skills 90

Purchasing Skills Modeling Software Procurement Analytics After-sales 90

FreightWaves SONAR

JANUARY 4, 2021

With this SONAR index, freight parties who are interested in the cost to procure space on an ocean container on the spot market. It is expressed as an average price per 40-foot container (in US$). There is also a global price that is an average across all seven lanes. Drewry Global Container Port Throughput Index.

Freight 59

Freight Purchasing Skills Maritime Demo 59

FreightWaves SONAR

DECEMBER 21, 2020

Census Bureau and is an estimate that tracks purchases of durable and non-durable goods at the consumer level. The retail sales trends data can be broken out into categories for a more granular understanding of performance in various retail sectors. Keep ahead of the freight market by purchasing & using SONAR.

Trends 98

Trends Freight Demo Purchasing Skills 98

Locus

JULY 10, 2023

It’s crucial that supply chain managers receive data-driven insights into their logistics operations. Sadly, legacy systems lack the intelligence needed to gather data and transform it into actionable insights, leaving companies with no visibility over the kind of deep-seater inefficiencies that are hampering supply chain performance.

Optimization Software 52

Optimization Software Supply Chain Software Supply Chains Optimization 52