FreightWaves SONAR

FEBRUARY 8, 2021

Figuring out the best strategy for managing fleet assets can be difficult at best. Unfortunately, disruption and market volatility – sudden changes within the industry – will often have a dramatic effect on the spot market. Freight management remains an industry in which balance reigns supreme. Download the White Paper.

Price Reduction 94

Price Reduction Resource Reduction Freight White Paper 94

FreightWaves SONAR

FEBRUARY 26, 2021

Since transportation is literally a fuel-consuming industry, knowing the fuel changes and trends will go a long way to improve trucking profitability. As an example, freight trucking companies should also track a few granular fuel factors, including: Forecasted Overnight Change in ULSD Rack Price (FULSDO). Request a SONAR Demo.

Trucking 96

Trucking Price Reduction Freight Cost Reduction 96

FreightWaves SONAR

DECEMBER 3, 2020

For example, just-in-time fulfillment models, drop-shipping, and cross-docking avoid wasted space. For example, market conditions show shippers’ rate trajectories. Transportation only provides a partial picture of an industry. The most relevant example of this need for added complexity is the pharmaceutical industry.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 76

FreightWaves SONAR

FEBRUARY 25, 2021

Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. Enterprise shippers need a proactive strategy to secure capacity One of the biggest challenges that shippers face remains to secure capacity.

Supply Chain Software 90

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 90

FreightWaves SONAR

SEPTEMBER 29, 2023

When planning for the future, industry players should thus use insights from commodity-based modeling. For example, as seen in scenario A1, the global unconstrained demand for air cargo will fall by 14% of pre-crisis volumes in the second quarter of 2020 and will not rebound to 2019 levels until around mid-2022.”

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

FreightWaves SONAR

FEBRUARY 16, 2021

A clear vision for how the market and the fleet can work in unison is at the heart of fleet management within the trucking industry. Freight intelligence tools help management develop a more unified freight strategy. Start by tapping the industry-leading freight data powerhouse of FreightWaves SONAR. Request a SONAR Demo.

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

FreightWaves SONAR

MARCH 5, 2021

The freight brokerage industry has traditionally focused its attention on the training and development of its customer sales staff. 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. Photo: Jim Allen/FreightWaves at Edge Logistics.

Negotiating Skills 98

Negotiating Skills Modeling Software Sourcing Strategies Logistics Network Optimization Software 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. These factors are further seen in top-industry trends.

Supply Chain Planning Software 52

Supply Chain Planning Software Freight Supply Chain Software Resource Reduction 52

FreightWaves SONAR

MARCH 16, 2021

During times of disruption and recovery, as seen now in the transportation industry, keeping up with the changing pace is essential. However, the data [that powers them] hasn’t previously been utilized to its full capacity until recently.” Take the example of RCRPMF.USA in the image. Request a SONAR SCI Demo. the year prior.

Data 97

Data Efficiency Supply Chain Software Logistics Network Optimization Software 97

FreightWaves SONAR

JANUARY 7, 2021

Poor tender acceptance strategies. Take this example reported by Richard Davis in Supply & Demand Chain Executive , “It’s 7:00 p.m., While that’s an example of a particular warehouse, it has a natural implication for carriers. Consider the following example. Request a SONAR Demo. Empty miles.

Supply Chain Software 52

Supply Chain Software Supply Chain Design Software Supply Chain Design Supply Chains 52

FreightWaves SONAR

FEBRUARY 25, 2021

Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. Enterprise shippers need a proactive strategy to secure capacity One of the biggest challenges that shippers face remains to secure capacity.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 52

Locus

MARCH 27, 2024

To put it in perspective: according to the National Retail Federation, the total amount of returns in the US retail industry hits a staggering $743 billion in merchandise. In essence, omnichannel strategies turn logistical challenges into advantages, making deliveries more efficient and cost-effective.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

FreightWaves SONAR

MARCH 15, 2021

This data has been collected over a 4 year period, broken down into shipper industry cohorts. Instead of giving a general freight market overview, data is broken down by industry, accounting for the distinctive freight shipping rates and demand in each vertical. Lane Acuity Plus looks at a lane by mode inside a transportation sector.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Ship Monk

NOVEMBER 14, 2022

An advertising strategy and budget Financial projections Demand forecasting Growth strategy (see our guides to growth and scaling your ecommerce business). For a truly successful ecommerce business strategy, you have to dig a little deeper. Slice of cake. Fruitcake. #2 2 Analyze Your Past Data and Compare It to Current Trends.

eCommerce 52

eCommerce Material Savings Inventory Reduction Cost Reduction 52

Turvo

DECEMBER 10, 2021

This is due, in large part, to the Amazon effect which has increased delivery expectations for not only domestic online shopping purchases, but for industries as a whole. After a thorough review of available logistics transportation management solutions (TMS), Port X decided to unify its logistics management strategy with a Turvo partnership.

Collaboration 80

Collaboration Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 80

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! Demand forecasting helps you: Optimize inventory Align with your operational strategy Analyze demographic and product trends Surprise and delight customers Protect yourself against financial risks Prepare for peak season.

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

FreightWaves SONAR

APRIL 19, 2021

This strategy is important, as 81% of greenhouse gases are made up of carbon dioxide, which comes from the combustion of fossil fuels like coal, natural gas and oil. For example, let’s examine a load going from Denver, Colorado to Fort Wayne, Indiana. In the SONAR chart below, you can see the average U.S.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Material Savings Sourcing Strategies 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. They could also use just-in-time or just-in-case inventory management strategies to help them to balance their stock levels. What is demand planning?

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. They could also use just-in-time or just-in-case inventory management strategies to help them to balance their stock levels. What is demand planning? Demand sensing.

Supply Chain Planning Software 52

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

EazyStock

MAY 20, 2022

We’ll also look at some current and emerging technologies, and how they can enhance your inventory planning and optimization strategies. For example, collaborative robots can work with warehouse operatives to move stock items around the warehouse once the picker places the items in the robot’s container.

Supply Chain Software 52

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

Ship Monk

AUGUST 3, 2022

Not all of those examples are exactly illustrious, but they do (for the most part) prove that two heads really are better than one. We’ll get into some examples of the different types of “PLs” later, so hang on to your hats! Behind every hero is a sidekick who helps guide them to success. Ready, Set, Migrate!

Logistics Network Optimization Software 52

Logistics Network Optimization Software eCommerce Inventory Reduction Resource Reduction 52

EazyStock

APRIL 18, 2023

When demand fluctuates, and costs rise, it can be tempting to throw out long-term strategies to react to these changes. For example, warehouse costs, insurance and financing. While it’s impossible for you to control geopolitical and economic factors, you can control your business strategy. Higher costs of storage.

Supply Chain Planning Software 52

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

Ship Monk

NOVEMBER 21, 2022

Others take an educated guess and hope for the best, which isn’t a strong strategy either. Using the tea kettle example above, let’s say the maximum number of blue tea kettles you’ve ever sold in one day is 45. Many small companies leave this up to their manufacturers or wholesalers, but that can be risky. Safety Stock =.

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52

FreightWaves SONAR

APRIL 29, 2021

The pandemic has sent the retail industry on a K-shaped trajectory — the final straw that has sent many retail chains into bankruptcy while also contributing to a surge in sales for many of the leading chains. As disorienting as the past year and a half have been for everyone, few industries have experienced as much upheaval as retail. .

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

GlobalTranz

JULY 20, 2015

Measures such as amount of product to be reclaimed and resold as is, or percentage of material recycled, are examples of such metrics. Reverse logistics system practices vary based on industry and channel position. Schedule a demo today ! And the nerve center of any such operation is the warehouse.

Reverse logistics 105

Reverse logistics Supply Chain Planning Software Optimization Software Modeling Software 105

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

GlobalTranz

APRIL 6, 2016

The transportation management system is undoubtedly one of the buzzwords of the modern logistics industry. As a result, the use of the TMS is expanding, and it will be one of the greatest technology trends to benefit the shipping industry in 2016. Let's take a look at why it’s expanding and how it will benefit the shipping industry.

Supply Chain Design Software 50

Supply Chain Design Software Supply Chain Planning Software Modeling Software Transportation 50

Ship Monk

MAY 19, 2022

Sometimes the vendor can give projections of when the item will be back in stock and shipped, for example: “Won’t Ship Until July,” “Won’t Ship for 10 Business Days,” etc. Contact us or demo our software today. Insufficient Safety Stock – Safety stock is the excess inventory you keep on hand in case of an emergency.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Logistics Network Optimization Software 52

Shipchain

FEBRUARY 26, 2019

Industry players have already begun experimenting with technologies like robotics and artificial intelligence. While automation in the supply chain is still in an early-adoption phase, the impact that it could have on the industry is significant. Don’t worry– in this case, it will be highly beneficial for the industry.

Supply Chain Software 109

Supply Chain Software Supply Chains Automation Trends 109

WorkWave

JANUARY 11, 2021

It will help you outline a clear strategy and examine all essential elements of starting a business. You can find a high-end one built for commercial or industrial use at most home improvement stores; if local stores don’t carry them, shop online. Attend street markets and fairs with flyers or demos. Write a Business Plan.

How To 52

How To Optimization Software Price Reduction Cost Reduction 52

Ship Monk

FEBRUARY 9, 2024

For example, if you’re introducing a new product and there are no similar products to draw historical data from, qualitative research is a must to reduce risk. A more mature product may not need qualitative research at all, or only occasionally to test a promotion for example.

eCommerce 85

eCommerce Inventory Reduction Operations Modeling Software 85

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. Examples of portfolio diversity in the freight business. Request a SONAR Demo.

Freight 72

Freight Price Reduction Cost Reduction Inventory Reduction 72

FreightWaves SONAR

JANUARY 21, 2021

However, the industry is always slow to adopt new software, so not much has changed among many carriers. As a few examples, these are four critical KPIs to focus on: Owner-operator to driver ratio – A lower ratio here means more opportunities for in-house drivers who bring more affordable rates. . Request a SONAR Demo.

Data 98

Data Sourcing Strategies Tips Optimal Sourcing 98

RPA Labs

SEPTEMBER 23, 2021

Let’s take a closer look at the benefits of RPA in logistics and how this technology is reshaping the industry. For example, if a chatbot can easily answer a question on your website when a customer visits for things such as an update on sailing schedules. Connect with RPA Labs to schedule a demo to see advanced RPA in action.

Supply Chain Software 52

Supply Chain Software Supply Chains Cost Reduction Resource Reduction 52

Conger

FEBRUARY 5, 2024

Sign the Paperwork and Forklift Delivery Once you have tested the forklift and feel it passes your demo requirements, your next stop is signing the paperwork. Seasonality Needs Renting or buying additional forklifts for seasonal needs is a cost-effective strategy. The important thing is to get the right forklift for your operations.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Purchasing Skills Negotiating Skills 52

EazyStock

MARCH 17, 2021

Demand can also surge unpredictably – one recent example is the sudden increase in demand for personal protective equipment (PPE) with the spread of COVID-19. For example, finding tier 1 suppliers with tier 2 suppliers within the same country and near each other to eliminate additional tariffs and borders along with shortening lead time.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 78

Turvo

JUNE 16, 2020

The freight and logistics industry continues working on finding ways to make their respective organizations within the supply chain stand out from the crowd. Top Challenges for 3PLs in Building their Unique Value Proposition The challenges of maintaining a strong presence and value proposition as a 3PL are not small.

Logistics Network Optimization Software 64

Logistics Network Optimization Software Sourcing Strategies Cost Reduction Expense Reduction 64