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Advancing Transportation Procurement: The Shift From Spreadsheets to Software

FreightWaves SONAR

Traditionally, shipping companies have relied on manual tools and processes, predominantly managing their requests for proposals (RFPs) and bids using simple spreadsheets. This approach is cumbersome and fraught with challenges such as limited visibility, inefficient data management and difficulties in bid analysis.

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5 more truckload shipping strategies for enterprise shippers

FreightWaves SONAR

However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. And these additional five shipping strategies can help enterprise shippers maximize recovery and boost profits.

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Why data source matters to accurately and objectively assess the over the road trucking market

FreightWaves SONAR

As explained by Supply & Demand Chain Executive , “Digitization, software and giving shippers and carriers efficient tech tools are critical, as technology continues to modernize this industry. The abundant data sources can make the process of assessing the market more difficult than necessary.

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2021 Strategies for Inventory Management and Supply Chain Recovery

EazyStock

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. Supply chain digitalization will help moderate everyday, manual tasks so teams have more tools to respond to problems that arise.

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LTL Freight Rates: Using data to improve annual contract negotiations

FreightWaves SONAR

With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.

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How to price freight loads: carriers that use data price more accurately

FreightWaves SONAR

It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.

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Connecting the Dots: The Game-Changing Benefits of Supply Chain Visualization

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By enhancing the decision-making process and maximizing efficiency, supply chain visualization aids in improving business operations and provide more value to customers. Unprocessed Data : Achieving real-time visibility across the entire supply chain is a challenge due to the speed at which data is generated, processed, and shared.