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Controlling Supply Chain Cost for Sustainable Growth

Blue Grace Logistics

Controlling Supply Chain Cost for Sustainable Growth Search Search BlueGrace Logistics - March 26, 2024 In modern business, controlling supply chain costs is paramount for sustaining profitability and competitiveness. This helps in reducing supply chain costs associated with stockouts and overstocking.

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Fixed-Price Ocean Contracts are Dying a Slow, Painful Death…

Freightos

Traditional fixed-price contracts, once the bedrock of stability, are yielding to the pressures of market dynamism, unable to keep up with the factors impacting the markets. The pivot towards index-linked contracts and Forward Freight Agreements (FFAs) is not merely a trend but a strategic recalibration towards agility and resilience.

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How We Use Data to Better Plan for Produce Season

FreightWaves SONAR

This is where being able to monitor tender data at the market level can become your secret superpower. Tender data uniquely uncovers greater visibility into volumes and supply/demand metrics where seasonal impacts will make an impact. Companies have leaned on historical data and load board rates for years to manage produce seasons.

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10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

GlobalTranz

We've negotiated rates with all the major carriers and maintained them. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips. Gather quality shipment data reflecting all LTL movements for the past 12 months.

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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

The trouble today is finding authentic pairs which also do not cost an arm and a leg. Over the years, Amazon’s strategy to tackle counterfeit goods focused on providing data to law enforcement and taking aggressive enforcement actions against counterfeit sellers. across the EU, and in China.

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Shipping Freight Isn’t Tactical Anymore: 3 Areas That Require Strategic, Collaborative, & Innovative Thinking

GlobalTranz

In today's ever more complex supply chain riddled with thousands upon thousands of processes, shipping freight has moved beyond tactical prowess for those who execute well and has evolved to now include strategic, innovative, and collaborative efforts to maintain not only a competitive edge but reduce overall transportation cost footprint.

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Understanding How Parcel Cost Control Reduces Total Transportation Costs

GlobalTranz

Shippers must recognize the importance of parcel in today’s age, as explained by Harold Friedman of Inbound Logistics , and enhance parcel cost control with these steps. Knocking accessorial charges out of the equation lowers total transportation costs. The Guide to Proactive Inbound, Outbound, and Reverse Enterprise Parcel Management.