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10 questions about Freight Spend Management. There are numerous ways a shipper can reduce freight spend. And freight costs are continuing to rise, pushed upward by factors such as globalized distribution and unpredictable fuel prices. This is an important aspect of managing freight spend. Choose country. Afghanistan.
But growing conditions took “a dramatic turn” in December, with dryness attributed to La Niña setting in across southern Brazil and Argentina, according to Reuters market analyst Karen Braun. But those who are best prepared have already taken measures such as building up inventories of sensitive commodities.
Third, it is essential the system generate pre-invoices to reduce carrier invoice uncertainties, eliminate fraud, and manage freight spend. Finally, the system should enable intelligent inventory location management to ensure optimal on-shelf availability for the end customers. Choose country. Afghanistan. Åland Islands. Antarctica.
The 2015 Annual Third Party Logistics Study also reveals that both sides regard themselves as being successful, and shippers are seeing positive results again this year: an average logistics cost reduction of 9%, an average inventory cost reduction of 5% and an average fixed logistics cost reduction of 15%. Choose country. Afghanistan.
In addition to customs taxes, tariffs, and fees, it can take 30+ days for some goods to be cleared through customs, especially in Brazil and Argentina. As a result, inventory builds up, costs rise, and customers wait longer for their products to arrive. While surface transportation remains stagnant, ocean freight shows promise.
In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.
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