WorkWave

MAY 30, 2024

The key components of SRM include evaluating vendor relationships, improving vendor performance, and cultivating better working relationships: Evaluating vendor relationships enables a manufacturing business to identify and select the most suitable suppliers based on their quality, reliability, and cost.

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Negotiate Pricing Vendor Strategies Negotiating Skills Material Savings 52

Locus

APRIL 1, 2022

It gives us immense pleasure to announce that Locus has been listed as a Representative Vendor in the 2022 Gartner® Market Guide for Supply Chain Network Design Tools. And as supply chains continue to grow in scale and complexity to meet these demands, so do the costs. GARTNER is a registered trademark and service mark of Gartner, Inc.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Software 52

Parade

MARCH 18, 2021

In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. As a freight brokerage, you live and die by your pricing.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

Parade

MARCH 18, 2021

In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. As a freight brokerage, you live and die by your pricing.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

Parade

MARCH 18, 2021

In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. As a freight brokerage, you live and die by your pricing.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

Parade

MARCH 8, 2022

Here’s How Parade’s Digital Booking Tool, Book Now, Increases ROI. Brokerage reps spend less time to set up a Book Now than they would to get a typical load booked, even with all the automation and tools that Parade offer to simplify booking. This type of data is exactly what Parade needs to get even better.

Negotiating Skills 78

Negotiating Skills Digital Tools Data 78

FreightWaves SONAR

DECEMBER 29, 2020

However, the application of such data does not necessarily translate into meaningful improvements within day-to-day operations. Yes, analytics add value, but that value often gets overshadowed by the sheer volume of freight data insights available. Talent and skills relevant to supply chain analytics are limited.

Data 52

Data Negotiating Skills Transportation Supply Chain Software 52

Logistics Bureau

NOVEMBER 16, 2020

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. That event was the global COVID-19 pandemic, which erupted during the first half of 2020. Networking.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

Dedola Global Logistics

AUGUST 9, 2024

Geopolitical tensions, equipment shortages, and global events like the Red Sea crisis contribute to the disruption. Increased Costs: The surge in freight rates translates to higher costs for importers. Recent data indicates a significant uptick in freight volumes from these regions.

Inventory Reduction 75

Inventory Reduction Cost Reduction Expense Reduction Freight 75

FreightWaves SONAR

MARCH 15, 2021

Advancements in tender data science and paid market data now power SONAR SCI (Supply Chain Intelligence) Lane Acuity Plus. Lane Acuity also provides a measure of lane coverage favorability via the Lane Score, which evaluates multiple data points within the app. WHAT IS LANE ACUITY PLUS?

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

GlobalTranz

SEPTEMBER 23, 2021

Such congestion naturally leads to bottlenecks in planning drayage and eventual increases in the total cost of shipping, not to mention an added strain on trucking as the bottlenecks grow.? . Increasing fuel costs also play into the available capacity woes.? ? on-highway diesel fuel prices are up $0.898 from the end of August 2020.

Optimal Sourcing 123

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Negotiating Skills 123

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. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

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. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. 1 As the ability to strategize bidding continues to improve and keep shippers competitive, that number will continue to grow.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

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. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Penske Move Ahead

JUNE 11, 2020

These new tools are protecting professional drivers and the motoring public while also reducing trucking carriers' liability. Fleets can also add in-cab cameras, which have been shown to exonerate drivers and help cut insurance costs. NTSB also said onboard video systems provide valuable information for evaluating crashes.

Logistics Network Optimization Software 55

Logistics Network Optimization Software Negotiating Skills Trucking Cost Reduction 55

MTS Logistics

JANUARY 11, 2021

In today’s logistics environment, EDIs (electronic data interfaces) and the Internet are the most used tools to transfer documents among buyers, sellers, vendors, banks, customers and government entities. A non-negotiable BOL must be signed by the parties listed, while a negotiable BOL can be transferred to a specified third party.

Document 79

Document Buyer Training Negotiating Skills Purchasing Skills 79

Penske Move Ahead

SEPTEMBER 5, 2024

As it turns out, the efficient movement of data associated with these transactions is now as important as the movement of the materials. The data matters because it matters to key stakeholders in the supply chain. And yes, the data is crucial because we have demonstrated definitively, that there’s “gold to be mined” in that data.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 40

Logistics Business Magazine

JUNE 14, 2024

This leads to a reduction in the number of robots required, which has a positive effect on the return on investment and noticeably reduces picking costs. According to Brightpick, the savings in labour costs are significantly higher than with traditional goods-to-person stations, with higher throughput, easier installation and lower costs.

Supply Chain Design Software 63

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 63

Talking Logistics

MAY 17, 2017

Also known as “the 80/20 rule,” the Pareto Principle states that, for many events, roughly 80% of the effects come from 20% of the causes. Now, because of the costs involved in transporting freight, companies have a tendency to focus their attention and capital around the actual movement of goods. Management consultant Joseph M.

Negotiating Skills 61

Negotiating Skills Supply Chain Software Optimization Software Digital 61

The Logistics Academy

FEBRUARY 13, 2017

The club also organizes a roundtable event each semester that brings students and companies together to explore opportunities for internships and jobs. Another trend is learning how to deal with the avalanche of data that supply chain managers have at their fingertips. They must know which data deserves priority for a given problem.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 40

CLX Logistics

APRIL 27, 2016

As digitization continues to modify the global supply chain landscape, its unprecedented data sources and solutions will lead to not only the demise of disparate information systems, but to the rise of true, end-to-end, supply chain visibility. Augment and Set Visibility Tools In Place.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 40

Blue Grace Logistics

DECEMBER 14, 2017

Data was shared with the team about what we accomplished in our Freight, Truckload and Enterprise departments and what effect future trends will have on us in 2018 and beyond. Bobby left the team with a new found excitement for the year to come and with new tools and data to help accomplish upcoming goals.

Conference 48

Conference Negotiating Skills Logistics Network Optimization Software Presentation 48

Logistics Business Magazine

SEPTEMBER 7, 2023

Most shippers, carriers and logistics service providers understand the importance of data collection and data-driven decision-making. Data collected over time provides intelligence, enabling companies to enhance long-term decision-making. Artificial intelligence is a potent tool that helps companies get the most from their data.

Logistics Network Optimization Software 65

Logistics Network Optimization Software Data Modeling Software Negotiating Skills 65

Conger

MARCH 28, 2024

Technologies like artificial intelligence continue to enhance these capabilities to become more attractive and allow new visualizations and data collection standards. MaaS can lead to cost-minimization of transport services like public transportation, rental, and sharing offerings. Another cost-controlling mechanism is data analytics.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

Talking Logistics

OCTOBER 9, 2018

Solving the challenge and underlying issues will require focus and attention to internal processes, better communication with carriers and partners, and using technology to gather and make sense of the vast amount of data flowing through transportation networks. That’s assuming there are no major economic events.

Capacity 69

Capacity Freight Logistics Network Optimization Software Supply Chain Software 69

Logistics Viewpoints

FEBRUARY 2, 2023

This article explores two such ways modern digital tools can elevate the performance of 3PLs on the way to creating stickier customers. Where customers gain the ability to make informed decisions based on improved visibility into their inventory, 3PLs can reduce their cost of service, while simultaneously enhancing productivity and profits.

Supply Chain Planning Software 135

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Negotiating Skills 135

Automotive Logistics

MAY 30, 2018

Carmakers certainly continue to demand improvements in supply chain visibility and this is something that digital applications are improving on a daily basis, but according to Dana McBrien, associate chief advisor at Honda North America, the analytics are not in place to make the best use of the data gathered. Digging into the data mountain.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 48

Radius Logistics

SEPTEMBER 18, 2024

Businesses face constant challenges, from fluctuating consumer demand to rising transportation costs and unexpected disruptions. This is typically done quickly and often involves negotiating rates with both the shipper and carrier. In today’s global economy, supply chains are becoming increasingly complex. What is a Freight Broker?

Optimal Sourcing 26

Optimal Sourcing Cost Reduction Inventory Reduction Sourcing Strategies 26

Ship Monk

OCTOBER 11, 2024

Moving merchandise means contending with hurricanes, pandemics, geopolitical events, unexpected demand, human errors, labor shortages — and the list goes on. This information is used for quality control and to optimize storage locations, packaging materials and shipping costs. Why is that?

Inventory Reduction 57

Inventory Reduction Optimization Software Inventory Supply Chain Software 57

Logistics Business Magazine

JUNE 18, 2021

Transporeon has kicked off its largest event and convention for the audience of carriers, 3PL and 4PL operators and forwarders. The agenda revolves around three main themes that are business critical in an increasingly connected world and changing business environment: smart data network services, connectivity, and real-time insights.

Logistics Network Optimization Software 46

Logistics Network Optimization Software Negotiating Skills Optimal Sourcing Optimization Software 46

Logistics Bureau

OCTOBER 11, 2021

Supply Chain and Logistics Knowledge. However, in the wake of the pandemic, with ecommerce demand ballooning as it is, an injection of supply chain and logistics knowledge can generate a much-needed marketplace advantage. Where to Access the Knowledge You Need. Product Availability.

eCommerce 62

eCommerce Supply Chain Planning Software Negotiating Skills Material Savings 62

Transporeon

NOVEMBER 12, 2017

This far more complicated set of requirements meant that the company didn't have as much leverage in its freight rate negotiations as high-volume single-lane shippers in the 100,000+ TEU range looking to buy cargo in major lanes. Benchmarks are a useful tool for both shippers and carriers.

Manufacturing Procurement 48

Manufacturing Procurement Negotiating Skills Procurement Freight 48

Stord

JANUARY 26, 2021

To keep up with the resulting complexity to the supply chain, brands have been relying on third-party logistics partners and manually piecing together long contracts, RFPs and limited software capabilities with their own third-party integrators and multiple software tools.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 78

Logistics Bureau

NOVEMBER 20, 2023

This planning process relied heavily on the planner’s geographic knowledge , which I gained slowly through experience, and the only aids I had were A-Z map books of the areas within the DC’s delivery region. I guess that’s why we called it route planning and not route optimisation.” Book Now Ready to level-up your route optimisation?

Presentation 79

Presentation Optimization Software Logistics Network Optimization Software Optimal Sourcing 79

GlobalTranz

SEPTEMBER 14, 2016

If raw materials are unavailable, all subsequent processes are affected, which may result in increased costs to consumers and the respective companies as well. Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated.

Manufacturing Procurement 102

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Material Savings 102

Automotive Logistics

MAY 3, 2019

However, there is concern that additional customs requirements could push up costs and compromise efficient processing, leading to greater complexity in the movement of vehicles in and out of ports. In the long term, trade from non-EU countries may improve as direct trade agreements are negotiated.”.

Supply Chain Planning Software 31

Supply Chain Planning Software Supply Chain Design Software Modeling Software Logistics Network Optimization Software 31