FreightWaves SONAR

MAY 7, 2024

Traditionally, shipping companies have relied on manual tools and processes, predominantly managing their requests for proposals (RFPs) and bids using simple spreadsheets. By aggregating and analyzing historical bid data, shippers can identify trends, benchmark performance and forecast future transportation costs more accurately.

Optimal Sourcing 64

Optimal Sourcing Optimization Software Supply Chain Software Procurement 64

Logistics Bureau

APRIL 4, 2022

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?

Negotiating Skills 82

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 82

Logistics Business Magazine

MAY 22, 2023

Long-awaited price deflation in the UK is now happening, says international procurement and supply chain management consultancy Inverto, part of Boston Consulting Group. Says Agarwal: “The coming months are going to see significant price competition as costs come down, especially in certain commodities. in February to 10.1%

Negotiate Pricing 54

Negotiate Pricing Negotiating Skills Buyer Training Price Reduction 54

GoShip Blog

SEPTEMBER 19, 2023

Delivering goods on time, keeping costs in check, and ensuring customer satisfaction are essential when shipping. This method is cost-effective and environmentally friendly, as it reduces the number of trucks on the road. This saves on shipping costs and minimizes the risk of damage during transit.

Negotiating Skills 52

Negotiating Skills Cost Reduction Logistics Network Optimization Software Optimization Software 52

FreightWaves SONAR

MARCH 5, 2021

That’s why the only way to figure out a real commission plan rests with knowledgeable sales. Managers will need to train carrier sales teams to understand the importance of using the correct carrier at the right time, and they must be able to negotiate effectively in order to maintain recurring revenue.

Negotiating Skills 98

Negotiating Skills Modeling Software Sourcing Strategies Logistics Network Optimization Software 98

FreightWaves SONAR

JUNE 1, 2023

In taking the opportunity to make strategic investments in digital supply chain tools during a market downcycle, when capacity is loose, freight costs are low and customer demand looks shaky, Walmart was bucking the trend among large shippers. More accurately, Walmart was once again ahead of the curve.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Negotiating Skills Supply Chains 52

FreightWaves SONAR

APRIL 25, 2023

When operating minibids or short-term RFPs, or when pricing individual loads, it is important to understand the directional movement of freight trends in order to be proactive in your pricing strategy. New features are available in Market Dashboard+ that help users quickly identify trends and market movement.

Negotiating Skills 52

Negotiating Skills Price Reduction Supply Chain Planning Software Outbound 52

Log-hub

APRIL 15, 2022

Then get that strategic mindset and holistic approach to understand IT as a buyer, go deeply into cost-to-serve understanding, and spread AI awareness in your market. An all-inclusive package of skills and tools has to go hand in hand with the top management of every company. Are you into this already?

Negotiating Skills 52

Negotiating Skills Supply Chain Planning Software Supply Chain Software Optimal Sourcing 52

CLX Logistics

JUNE 27, 2023

Understanding how a provider can alleviate and eliminate rail transportation issues is vital for ensuring efficient rail freight operations, cost-saving opportunities, and relieving your business from avoidable stressors, hiccups, and pitfalls.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Optimization Software Logistics Network Optimization Software 52

GoShip Blog

DECEMBER 29, 2022

Shipping is a cost neither business owners nor their customers enjoy having to shoulder. Shipping costs often leave the affected parties no choice but to learn how to deal with it. Fortunately, there are effective strategies you can employ to reduce your e-commerce store’s shipping costs. Here are six you should try: .

Cost Reduction 52

Cost Reduction Price Reduction Inventory Reduction Negotiating Skills 52

WorkWave

FEBRUARY 20, 2024

Grasping the Fundamentals From labor costs that hinge on the median electrician’s pay of $27.36 per hour to ensuring your estimates cover both material costs and overhead, mastery over this estimating process is crucial. When it comes to electrical work, understanding the costs involved is crucial for planning your budget.

Negotiating Skills 52

Negotiating Skills Purchasing Skills How To Modeling Software 52

CLX Logistics

APRIL 26, 2019

The year 2018 was challenging for shippers in all industries, including chemical, due to capacity constraints in the marketplace that inflated costs. The convergence of high costs, limited capacity, emphasis on timely delivery and demand for greater supply chain visibility, made it a problematic year for shippers and carriers alike.

Optimal Sourcing 45

Optimal Sourcing Negotiating Skills Procurement Cost Reduction 45

Logistics Viewpoints

JUNE 8, 2023

Technology for All In a retail era dominated by e-commerce giants, customer expectations have shifted towards instant product delivery at no cost. Previously, only large companies such as Amazon and FedEx possessed the network and scale required for cost-effective same-day and next-day shipping.

Modeling Software 122

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 122

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. Market trends also continue to evolve faster than ever. And as supply chains continue to grow in scale and complexity to meet these demands, so do the costs.

Supply Chain Design Software 52

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

Conger

APRIL 1, 2024

By carefully planning and scheduling maintenance before issues arise, businesses can avoid interruptions and reduce costs associated with emergency repairs and downtime. Cost Savings: By avoiding emergency repairs and unscheduled downtimes, companies can save significant amounts over time. Let’s dive in!

Material Savings 82

Material Savings Expense Reduction Resource Reduction Cost Reduction 82

FreightWaves SONAR

SEPTEMBER 29, 2023

freight market has grown in volume since the July 4th holiday, which is counter to historic trends. What if shippers could look beyond what’s expected and apply forecasting tools to keep freight spend under control and navigate uncertainty throughout this disruption – and beyond?

Cost Reduction 52

Cost Reduction Negotiating Skills Resource Reduction Capacity 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

Talking Logistics

MAY 23, 2018

Considering the increased sales volume our company is experiencing, you bean counters should be grateful I’m able to get our freight covered and delivered at any price!”. Combating Rising Freight Costs with a TMS. where they’re being hit especially hard on cost. where they’re being hit especially hard on cost.

Negotiating Skills 60

Negotiating Skills Supply Chain Software Modeling Software Optimization Software 60

EazyStock

JANUARY 17, 2022

In 2022, key supply chain management trends all lean towards building supply chain resilience. We’ve compiled a round-up of the top six supply chain management trends that we think you should take notice of in 2022. We’ve compiled a round-up of the top six supply chain management trends that we think you should take notice of in 2022.

Supply Chain Software 52

Supply Chain Software Supply Chain Planning Software Supply Chains Trends 52

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Despite record layoffs in many industries, Canadian manufacturers face a skills shortage in key positions in operations and across the supply chain. All of the above pressures culminate in rising operational costs – from ?labor, Talent gaps: ? One of the key drivers is the aging workforce leaving for retirement. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

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 Negotiating Skills Supply Chain Software 123

GoShip Blog

JULY 8, 2022

This shortage has significantly reduced shipping capacity, resulting in delays and increased shipping costs. Here are ways to go about it: Negotiate agreements with carriers. Rather than focusing solely on getting the lowest possible rates, negotiate agreements for long-term partnerships. Provide rolling forecasts.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Supply Chain Software Price Reduction 52

FreightWaves SONAR

MARCH 15, 2021

It can also show how a user’s targeted benchmark rate compares to the industry, the overall market, peers and at a pricing level. Paying below-market rates in highly volatile lanes could lead to additional costs. . Knowing the trends of the lanes can help widen their margins. . Intelligence is more than data or knowledge.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

WorkWave

APRIL 3, 2024

In the realm of logistics and e-commerce, delivering exceptional customer experiences has become a non-negotiable priority for businesses striving to stay ahead. Route optimization and last-mile delivery software have emerged as indispensable tools in achieving this goal. Start Using RouteManager!

Optimization Software 52

Optimization Software Meeting Logistics Network Optimization Software Negotiating Skills 52

CLX Logistics

NOVEMBER 21, 2023

When looking ahead to the future, it’s crucial to reflect on the past year, identify emerging trends, and strengthen strategies for benchmarking and procurement. Often, it’s a factor that can be negotiated with the shipper. It’s not just a tool but a strategic partner in improving procurement and benchmarking.

Optimal Sourcing 70

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction 70

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

Penske Move Ahead

OCTOBER 2, 2023

Shippers and third-party logistics companies are forming strategic partnerships and working together to improve decision-making, manage costs and increase agility. Power can become apparent during contract negotiations. Overall, those relationships are working. The study, which was released Oct.

Study 54

Study Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 54

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

NOVEMBER 21, 2023

When looking ahead to the future, it’s crucial to reflect on the past year, identify emerging trends, and strengthen strategies for benchmarking and procurement. Often, it’s a factor that can be negotiated with the shipper. It’s not just a tool but a strategic partner in improving procurement and benchmarking.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction 52

Trinity Logistics

AUGUST 4, 2020

By better managing, using, and analyzing your data, an organization can reduce costs, improve margins, generate revenue, and make smarter business decisions. Each partner can better plan for their part, having the potential to reduce expensive production costs, limit excessive accessorial charges, and improve customer service.

Supply Chain Planning Software 65

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chains 65

Talking Logistics

MAY 17, 2017

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. A trailer ships every three days and the average shipment distance is 200 miles at a cost of $400 per move, according to data from the U.S. Shorten the order fulfillment cycle.

Negotiating Skills 61

Negotiating Skills Supply Chain Software Optimization Software Digital 61

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

Logistics Bureau

JULY 10, 2023

That might mean engaging consultants in the region or hiring staff to set up new business units. You may need to send some of your local employees to the new market to oversee the setup, and you will require warehouse facilities strategically located to serve as cost-effective hubs for distribution.

3PL 53

3PL Logistics Network Optimization Software Negotiating Skills Inventory Reduction 53

GlobalTranz

AUGUST 18, 2016

As a result, you need to understand what distribution technology trends, as explained by Advantage Business Media and Lindsay Konzak of Modern Distribution Management , are being seen in today's distribution network and how they will impact future operations. Furthermore, this can be a tool of forging new relationships as well.

Supply Chain Planning Software 60

Supply Chain Planning Software Optimization Software Supply Chain Software Logistics Network Optimization Software 60