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

Log-hub

FEBRUARY 5, 2025

Together, Matrix Creator and Freight Matrix offer a complete rate management loop, helping businesses optimize pricing strategies, negotiate better contracts, and identify discrepancies in their cost structures. To see our Matrix Creator App in action, click on the image and explore the interactive demo.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Optimization Software Cost Reduction 40

Freightos

OCTOBER 15, 2024

The importing of low-cost goods directly to consumers by high cost air cargo is mostly facilitated by the de minimis exception which exempts small imports from customs costs and rigorous and expensive filing requirements. Actual rule changes will be a ways off and final versions could be quite different from those proposed.

Price Reduction 77

Price Reduction Cost Reduction Expense Reduction Resource Reduction 77

Locus

JUNE 16, 2023

Just one hour of idling per day over a year equals 64,000 miles of engine wear , resulting in additional annual maintenance expenses of up to $9,472 per truck. Read also: A Study of Unit Economics in Last Mile Delivery Is it essential to reduce last-mile delivery costs for vehicles?

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

FreightWaves SONAR

MARCH 4, 2021

With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. Cost reduction strategies in supply chain management remain focused on getting loads from point A to point B as fast and as affordable as possible. Request a SONAR Demo.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

FreightWaves SONAR

MARCH 16, 2021

Inaccurate data leads to unnecessary expenses that can hurt the financial bottom line. This means that companies with access to near-real-time data could potentially save by the elimination of lagging data. Lagging data, while better than no data at all, leads to unnecessary expenses and avoidable costs. Request a SONAR Demo.

Expense Reduction 93

Expense Reduction Price Reduction Data Capacity 93

FreightWaves SONAR

FEBRUARY 5, 2021

As reported by Supply Chain Game Changer , “certainly there are many factors that can cause a company to apply intense pressure on the supply chain and other functions, to reduce their costs. Financial losses or declining profitability certainly make cost-cutting a priority. Request a SONAR Demo.

Expense Reduction 105

Expense Reduction Cost Reduction Price Reduction Waste Reduction 105

FreightWaves SONAR

JANUARY 8, 2021

Analytics-driven processes are the go-to strategies for all freight management parties that seek to increase profitability. Average length of haul = total haul miles / total number of loads Maintenance expense per mile (MAINT) Carriers must further track their maintenance expenses by mile as well.

Expense Reduction 104

Expense Reduction Freight Price Reduction Purchasing Skills 104

FreightWaves SONAR

JULY 24, 2023

The costs of logistics as a ratio of total expenses are too significant to ignore. Keeping costs under control should be a proactive, not reactive strategy, especially during an unprecedented time of transition and reopening ahead of peak season. Think about this. Transportation management depends on historical and real-time data.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

The Logistics of Logistics

JUNE 23, 2022

The need for practical and applicable last-mile delivery in retail involves saving money and reducing the expenses associated with this vital yet often overlooked leg of the shipping journey. Another reason for a renewed focus on the final leg of the shipping journey is that the last-mile is the most expensive transportation mode.

Supply Chain Planning Software 150

Supply Chain Planning Software Optimal Sourcing Logistics Network Optimization Software Supply Chain Software 150

Log-hub

FEBRUARY 26, 2025

By transferring fleet management responsibilities to third-party providers, organizations can save money, reduce administrative burdens, and potentially improve efficiency. Managing a fleet in-house can be expensive, requiring investment in vehicle maintenance, driver training, and regulatory compliance.

Outsourcing 40

Outsourcing Optimization Software Resource Reduction Cost Reduction 40

GlobalTranz

FEBRUARY 17, 2015

Until recently, the main aim of TMS was to help shippers increase efficiency and cut transportation costs by allowing them to choose modes and manage transportation orders. With cloud-based TMS, shipping companies no longer need to have expensive servers and a team of dedicated staff.

Optimization Software 129

Optimization Software Cost Reduction Expense Reduction Inventory Reduction 129

FreightWaves SONAR

FEBRUARY 25, 2021

A certain level of fees and freight rating expenses are standard in shipping and transportation. For instance, here are a few KPIs that go into the overall strategy for how carriers price transportation: MILES PER TRUCK PER WEEK (MILTR) – Every driver in the fleet will come under scrutiny at some point.

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

Locus

MARCH 27, 2024

Geocoding drastically cuts down on the headache of reattempted deliveries on these unclear by accurately locating unclear addresses, thereby saving costs and boosting customer satisfaction. This proximity reduces the need for long-haul deliveries, further cutting down transportation costs.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

WorkWave

JUNE 17, 2024

Generating more leads is a key strategy for increasing revenue, expanding market reach, and establishing a strong reputation in the industry. Digital marketing has emerged as an essential strategy to effectively promote products and services online. Email marketing is an effective pest control lead generation strategy.

Optimal Sourcing 96

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 96

Dedola Global Logistics

SEPTEMBER 1, 2024

Here are some key benefits: Cost-Effective Solution : While expedited ocean freight is more expensive than traditional ocean shipping, it is significantly cheaper than air freight. Expedited services often have priority handling and dedicated space on vessels, reducing the risk of delays and ensuring more consistent delivery schedules.

Expense Reduction 98

Expense Reduction Cost Reduction Price Reduction Freight 98

FreightWaves SONAR

DECEMBER 30, 2020

And pre-emptive strategies that help isolate and address real-time problems will inevitably rely on real-time freight data and easy-to-access systems. As the issues build, mitigating efforts become more strenuous, resulting in lost revenue and time, as well as more significant expenses. Request a SONAR Demo.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

FreightWaves SONAR

JANUARY 7, 2021

Poor tender acceptance strategies. In other words, logistics leaders must find and apply proactive data management strategies, including: Developing alternative transportation solutions, such as increasing the number of transportation brokerage partnerships. Request a SONAR Demo. Lackluster communication with shippers.

Supply Chain Software 98

Supply Chain Software Supply Chain Design Software Supply Chain Design Automation 98

FreightWaves SONAR

MARCH 25, 2021

Alignment of rates with market stability grades reduces the risk of rejection and delays. Another critical concern is the ability to align freight rates with market stability grades to reduce the risk of rejection and delays. Request a FreightWaves SONAR SCI Lane Acuity demo to get started or by clicking the button below.

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

Turvo

MAY 11, 2020

According to TruckingInfo , “gross margins and revenues were down for freight brokers in the third quarter of 2019, but cost reductions allowed brokers to stay profitable.” Brokers want a way to share data and eliminate those troublesome calls from shipper tenants asking, “where’s my freight?” Get a Demo of Turvo.

Cost Reduction 82

Cost Reduction Expense Reduction Inventory Reduction Resource Reduction 82

TransAudit

DECEMBER 14, 2022

If you’ve filled up your gas tank recently, you’re probably abundantly aware of how expensive fuel is right now. Learning more about fuel costs and shipping will give you a better understanding of what’s going on and equip you with some strategies to help. The more fuel costs, the more expensive it is to ship items. New Routes.

Cost Reduction 75

Cost Reduction Purchasing Skills Price Reduction Expense Reduction 75

FreightWaves SONAR

MARCH 2, 2021

The total value of resources, man-hours, construction, equipment, maintenance, fees, and other costs must be accurately estimated for expense prediction to be effective. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.

Analysis 98

Analysis Price Reduction Cost Reduction Supply Chain Planning Software 98

FreightWaves SONAR

JANUARY 19, 2021

Part of that risk plays into how successful shippers or carriers will be with keeping their overhead expenses under control and maximizing efficiency. Broad market assumptions are great for broad strategies, but as everyone knows, the supply chain is rarely that simple. Reduced capacity constraints deriving from limited visibility.

Supply Chain Planning Software 98

Supply Chain Planning Software Sourcing Strategies Expense Reduction Scenario Planning 98

FreightWaves SONAR

FEBRUARY 16, 2021

Freight intelligence tools help management develop a more unified freight strategy. The operating ratio is a measure of profitability from linehaul, accessorials and operating expenses, shown in the FreightWaves SONAR OPRAT index. Request a FreightWaves SONAR demo by clicking the button below. . Request a SONAR Demo.

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

WorkWave

JULY 28, 2024

Studying competitors is an integral part of market research as it helps the medical courier business gain insights into their strengths, weaknesses, and overall strategies. RouteManager’s last-mile delivery software helps you cut fuel costs, increase revenue, and improve operations. GET A FREE DEMO 2. Start Using RouteManager!

Material Savings 92

Material Savings Optimization Software Logistics Network Optimization Software Cost Reduction 92

EazyStock

OCTOBER 20, 2020

It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. Don’t forget to have a policy for reducing excess stock and removing obsolete items. Fine-tune your stock replenishment strategies. Carry safety stock to reduce risk of stock outs.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

WorkWave

FEBRUARY 16, 2024

As a pest control business owner, you’ll also get tips on managing costs effectively while maintaining service standards, plus smart pricing strategies to keep your bottom line healthy. Calculating it accurately can help you make informed decisions about pricing, cost-cutting measures and growth strategies.

Expense Reduction 52

Expense Reduction Price Reduction Cost Reduction Vendor Strategies 52

FreightWaves SONAR

MARCH 5, 2021

As explained by the Small Business Chronicle , “Projected costs are based on prior sales numbers and anticipated increases in expenses. Observed] costs result when money is actually spent on the various supplies, services and other expense categories used by the business.” Request a SONAR Demo.

Freight 98

Freight Cost Reduction Expense Reduction Price Reduction 98

Locus

MAY 20, 2024

This fulfillment method cuts down delivery costs of serving customers especially in dense cities. This metric is significant for retail businesses as it reflects the efficiency of their delivery process and directly influences customer satisfaction by focusing on reducing wait times and inconvenience.

Inventory Reduction 98

Inventory Reduction Logistics Network Optimization Software Cost Reduction Optimization Software 98

FreightWaves SONAR

JANUARY 19, 2021

Remember that those fines amount to extra overhead expenses for carriers, so it’s a cause-and-effect relationship. Unify pricing strategies with freight forecasting tools The final step to getting more from your fleet requires freight forecasting tools. Request a SONAR Demo.

Cost Reduction 98

Cost Reduction Supply Chain Planning Software Optimization Software Logistics Network Optimization Software 98

Locus

MAY 9, 2023

So how do retailers cut costs and add to their bottom line? Read the Ebook of Omnichannel Retailers Guide to Success Download the Ebook Costs involved in the last mile for retailers To trim expenses, retailers need to sharpen their focus on last-mile optimization. Book a Demo Today! The post Can Retailers Reinvent the Last Mile?

Cost Reduction 52

Cost Reduction Expense Reduction Resource Reduction Vendor Strategies 52

WorkWave

JULY 11, 2024

A significant impact on reducing landfill contamination. This helps to prevent the accumulation of hazardous materials and reduces the risk of groundwater and soil contamination. Without adequate funding, it can be challenging to cover the initial costs and ongoing expenses associated with the waste management industry.

Waste Reduction 52

Waste Reduction Waste Cost Reduction Expense Reduction 52

FreightWaves SONAR

MARCH 16, 2021

And by using analytics, freight managers can promote increased insight into reefer efficiency, recognize when it’s time to rethink bidding strategies and determine which lanes and rates across contracts, as well as the spot market, are costing the business more money than necessary. Request a SONAR SCI Lane Acuity demo to get started. .

Data 97

Data Supply Chain Software Efficiency Logistics Network Optimization Software 97

FreightWaves SONAR

FEBRUARY 1, 2021

Such applications of freight technology allow carriers to improve their systems across the board, improving profit margins, reducing load times, streamline shipping, and many more benefits. By utilizing these benchmarking metrics, carriers find themselves better equipped to recognize which strategies will best benefit their business.

Data 76

Data Price Reduction Cost Reduction Expense Reduction 76

EazyStock

JUNE 21, 2022

Many more traditional supply chain strategies originated in a steadier business environment. Predictable business cycles and stable demand allowed supply chain professionals to focus less on solving challenges and more on cost reductions. It also reduces costs associated with managing and maintaining IT systems in the long run.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 52

FreightWaves SONAR

APRIL 30, 2021

Meanwhile, national-branded consumer goods companies gained share from private labels during the pandemic and many are launching direct-to-consumer and subscription services looking to reduce their reliance on retail and reach their most loyal customers. Request a SONAR Demo. Request a SONAR SCI Demo.

White Paper 52

White Paper Expense Reduction Cost Reduction Negotiating Skills 52

Locus

JANUARY 8, 2024

Here are five innovative strategies to transform this insight into higher profits. Keep Deliveries on Track and ensure Customer Satisfaction with Visibility As the past few years have shown us, we can never predict what can go wrong, but we can surely reduce its impact by resolving challenges as quickly as possible.

Cost Reduction 52

Cost Reduction Expense Reduction Resource Reduction Logistics Network Optimization Software 52