Remove Events Remove Examples Remove Negotiating Skills Remove Tools
article thumbnail

Amway cuts costs with transportation procurement tool

Transporeon

In the case of an Amway multivitamin, for example, the company controls the process “from seed to supplement,” transporting raw materials to manufacturing sites in the U.S., Faster bid process with full control over negotiation Managing the bid process with Ticontract also saved a valuable amount of time. “We

article thumbnail

Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Advantage of Speed: The Cooper Health Supply Chain Relies Upon Real-time Risk Alerts

Logistics Viewpoints

Cooper successfully coped with the crisis, but the high costs they had to pay for critical supplies and the late nights searching for those supplies convinced the organization that there had to be a better way. But there was a cost to this. It required “being up all night on the phone with people around the world.

article thumbnail

The Cost of Using the Wrong Mode When Capacity is Tight

Blue Grace Logistics

The opportunity cost of choosing the wrong mode of transportation. All things considered, 78% of shippers were concerned with reducing shipping costs in general. Using proprietary technology and analytics, businesses can understand the opportunity cost of every transportation decision placed in front of them.

article thumbnail

Data Everywhere: AI in Logistics

Logistics Business Magazine

Artificial intelligence is a potent tool that helps companies get the most from their data. So, how AI can transform how companies utilise their data through autonomous procurement, real-time ETA tools and decarbonisation? This is just one example. This takes several forms.

article thumbnail

What are the Characteristics That Make up Parcel Pricing?

GlobalTranz

Unfortunately, finding savings in parcel shipping costs can be difficult at best, especially considering the major carriers’ constant changes to parcel service guides. Carriers have detailed published rates, counter rates and negotiated rates with various shippers, smaller carriers and even destination types. Negotiations.

article thumbnail

Ocean Carriers Managing Capacity to Balance on Incremental Fuel Costs

ShipLilly

The second issue relates to how much they will be able to increase their rates during the yearly service contract negotiations that are coming up in the spring. As the event approached, many other carriers announced some adjustments to their scheduled journeys. It is also likely that the price of fuel will inform operational decisions.