Talking Logistics

JULY 27, 2022

At a recent industry conference, a shipper asked me many questions about transportation procurement, such as, “How do you best determine how long and how often to have transportation sourcing events?” Read more Why Benchmarking is the First Step to a Successful Freight Procurement Event. The good news.

Benchmarking 201

Benchmarking Procurement Freight Conference 201

Talking Logistics

JANUARY 31, 2017

There is a significant amount of angst in the transportation marketplace lately in regards to freight spend forecasts. In other words, if a planner receives multiple spot quotes for a load, the best he or she can do is a comparative analysis between the quotes without a benchmark. Technology vs. Manual Benchmarking Approach.

Benchmarking 100

Benchmarking Negotiating Skills Cost Reduction Strategies Resource Reduction 100

The Logistics of Logistics

SEPTEMBER 11, 2024

About Felipe Capella Felipe Capella Co-founder and CEO of Loadsmart , a leading digital freight technology company. From digital freight brokerage and consultancy to software tools, they empower shippers, carriers, and warehouses to move more with less—increasing efficiency, reducing costs, and enhancing service quality.

Logistics Network Optimization Software 185

Logistics Network Optimization Software Optimization Software Optimal Sourcing Supply Chain Planning Software 185

Talking Logistics

SEPTEMBER 4, 2022

How do you best determine how long and how often to have transportation sourcing events? The good news is that companies today have greater access to real-time benchmarking data and market intelligence. Read more [Video] Why Benchmarking is the First Step to a Successful Freight Procurement Event.

Benchmarking 130

Benchmarking Video Procurement Freight 130

The Logistics of Logistics

DECEMBER 5, 2022

Brad Wheeler and Joe Lynch discuss the freight-tech dilemma. Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform.

Supply Chain Network Software 212

Supply Chain Network Software Logistics Network Optimization Software Modeling Software Sourcing Strategies 212

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all. What tools we can use to benchmark ocean freight and carriers’ service reliability?

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

The Logistics of Logistics

MAY 24, 2021

Brad is Vice-President of Sales at FreightWaves , a leading freight intelligence provider, offering current digital intelligence and context to the freight community on a central platform. FreightWaves provides the ability to benchmark, analyze, monitor & forecast the $9.6T About Brad Guinane. About FreightWaves.

Cost Reduction Strategies 130

Cost Reduction Strategies Analytics Software Forecasting Software Logistics Network Optimization Software 130

Logistics Viewpoints

JANUARY 16, 2023

APQC and the Digital Supply Chain Institute (DSCI) have conducted best practice and benchmarking research on MDM. APQC is a member-based nonprofit that conducts benchmarking, best practices, and performance improvement research. For example, FourKites relies heavily on latitude and longitude coordinates for freight.

Data 226

Data Supply Chain Planning Software Benchmarking Supply Chain Software 226

Logistics Viewpoints

JULY 19, 2023

Most recently, the APQC has conducted best practice and benchmarking research on environmental sustainability. For respondents at the median, 80 percent of total annual packing material consumed comes from recycled or re-used materials and 60 percent comes from renewable sources.

Sustainability 210

Sustainability Optimal Sourcing Logistics Material Savings 210

Intelligent Audit

MAY 9, 2022

With ongoing recovery firmly in progress across multiple industries, one of the most significant challenges facing freight forwarders, supply chain managers, and transportation service providers is the issue of payment and freight bill payment service management. Transportation invoice audit providers can improve payment processes.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Material Savings 52

Logistics Viewpoints

APRIL 25, 2024

Case-in-point: my company FourKites will collaborate with 16 other supply chain industry leaders — including BlueYonder, e2open, Oracle, Uber Freight, and JB Hunt, to name a few — as part of the Scheduling Standards Consortium (SSC). Digitize the periphery of the yard. The returns on these kinds of efforts will be swift and tangible.

Expense Reduction 262

Expense Reduction Cost Reduction Strategies Supply Chain Design Software Inventory Reduction 262

Intelligent Audit

SEPTEMBER 20, 2021

In the supply chain industry, the freight audit process can provide a competitive advantage for invoicing and cutting back costs. As reported by Supply & Demand Chain Executive , “As the shipping industry becomes more complex, so too does freight payment. What Is Freight Audit and Payment.

Analytics Software 52

Analytics Software Resource Reduction Cost Reduction Strategies Supply Chain Planning Software 52

Intelligent Audit

SEPTEMBER 15, 2021

Discovering billing mistakes through leveraged data from freight audits helps shippers identify cost-cutting opportunities through accurate invoicing and payment processing. Freight audit savings might arise from recouping costs due to overbilling, service guarantee failures, or simply using the wrong carrier for each load.

Waste Reduction 52

Waste Reduction Cost Reduction Strategies Analytics Software Resource Reduction 52

Zipline Logistics

MARCH 30, 2021

Following an unprecedented downturn, the freight market has posted an almost full calendar year of impressive growth spurred by demand from a few sectors of the domestic economy. The second half of the past quarter was highly atypical and posted freight volumes that vastly exceeded those generally seen during peak season.

Freight 52

Freight Manufacturing Procurement Los Angeles Purchasing Skills 52

Zipline Logistics

JANUARY 17, 2023

When you think of sustainability, you might think of CPG brands practicing ethical sourcing or using recyclable packaging. Misaligned production, warehousing, and transportation functions are also a large source of supply chain inefficiencies, and they can cost brands big in wasted resources, time, and money. . Electric Vehicles .

Resource Reduction 78

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 78

Stord

AUGUST 5, 2020

August 6, 2020 Stord is thrilled to announce our partnership with the Environmental Protection Agency as a SmartWay Logistics Company , just a few months since expanding our freight capabilities. Freight transportation is the culprit that makes up a vast majority of air pollutants and emissions in the US.

Waste Reduction 78

Waste Reduction Supply Chain Design Software Inventory Reduction Cost Reduction Strategies 78

Intelligent Audit

FEBRUARY 3, 2022

In freight auditing, freight audit advisors work with freight shippers to ensure that all charges are accurate and to prevent wasting money. Shippers can ensure they are getting the best possible rates from their carriers by working with a freight audit consultant. What Freight Auditing Is and Why It’s Important.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

Supply Chain Game Changer

JULY 3, 2019

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions.

Sourcing Strategies 58

Sourcing Strategies Purchasing Skills Sourcing Sustainability 58

ToolsGroup

APRIL 1, 2022

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Image source: Financial Times.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

The Logistics of Logistics

OCTOBER 6, 2023

John is a legendary builder; he was a founding member of both the Uber Freight product team and the Echo Logistics carrier sales team, and co-founded Isometric Technologies in February 2020. ISO provides a neutral, single source of truth for logistics performance, eliminating siloed systems and human analysis.

Logistics Network Optimization Software 237

Logistics Network Optimization Software Analytics Software Supply Chain Network Software Predictive Analytics Software 237

Logility

SEPTEMBER 16, 2022

Modelers generally use three methods: quotes from carriers, regression analysis , and benchmark (market) data. The third data set is benchmark or market data which is really another measure of historic data, but it has the advantage of being historic data across hundreds of companies and millions of shipments.

Modeling Software 130

Modeling Software Modeling Optimization Modeling Logistics Network Optimization Software 130

Talking Logistics

FEBRUARY 1, 2019

req’d) How Blockchain Could Benefit Levi’s Worker Well-Being Initiative (Sourcing Journal) Companies Plan for Tariffs, More Paperwork in Case of ‘No-Deal’ Brexit (WSJ – sub. Uber Freight: Transportation Facility Brand Managers. Having greater access to data, particularly benchmarking data, is also empowering shippers.

Logistics Network Optimization Software 105

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Network Software Demand Planning Software 105

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

The tight capacity and shipping downtime can increase rates and severely disrupt freight flow for months. Protectionist trade policies are also causing companies to shift their country sourcing practices, and there is no reason to believe that we will see geopolitical posturing along the trade front fade soon. Following the U.S.-China

Predictive Analytics Software 130

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Prescriptive Analytics Software 130

Logistics Bureau

JUNE 14, 2021

Here at Benchmarking Success, we exist to help our customers improve supply chain performance. However, they have experienced significant difficulties in getting goods from one place to another and endured vastly inflated freight and transportation costs. Of course, the criticality of such elements is the same now as it always was.

Optimal Sourcing 57

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 57

Arkieva

AUGUST 8, 2016

Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. The Sustainable Freight Action plan released by California governor Jerry Brown outlines a long-term 2050 vision and guiding principles for California’s future freight transportation system. Source: Commerce Dept.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

GlobalTranz

DECEMBER 29, 2015

We will then conclude the 5 main categories by featuring the top 10 freight articles of 2015. As a TMS provider, Cerasis also provides the services related to transport management: freight claims, freight accounting, carrier relations, and more. WHITE PAPER] The Complete Guide to Freight & Transportation Accounting.

Transportation Management 120

Transportation Management Transportation Cost Reduction Strategies Price Reduction 120

Silvon Software

JULY 22, 2022

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. 60% to 70% is considered a good benchmark of inventory levels. Freight Bill Accuracy. Freight Cost Per Unit.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

GlobalTranz

MARCH 24, 2015

Carriers in the trucking industry and also shippers today are actively looking for ways to combat the rising costs of operating their businesses, but they often do not fully understand proper benchmarking, transportation cost analysis, and profit management are intertwined. Outbound freight costs as percentage of net sales.

Benchmarking 120

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

Freightos

FEBRUARY 4, 2020

But despite its size, containerized freight’s poor visibility persisted. As containerized freight has been slow to digitize in general, a reliable, data-driven, and actionable index has eluded the industry as well. Prices for everything and anything are subject to change and freight rates for containers are no different.

Optimal Sourcing 299

Optimal Sourcing Purchasing Skills Real-time Visibility Procurement Analytics 299

MIT Supply Chain

MARCH 2, 2021

Truck transportation comprises 75% of all freight in Latin America. Currently, the state of the logistics market is measured by the Logistics Performance Index (LPI), a benchmarking tool developed by the World Bank. including owner-operators.

Comparison 52

Comparison America Transportation Colombia 52

Talking Logistics

OCTOBER 2, 2014

Subsequently, LSS projects were developed to address waste in several key areas: contract carrier freight rationalization, ship day alignment, Asia-to-US / Asia-to-Europe container optimization, CNG truck costs and impact. While all have added value, let’s take a closer look at contract carrier freight rationalization.

Six Sigma 159

Six Sigma Agile and Lean Supply Chain Lean Waste Reduction 159

Shipchain

NOVEMBER 29, 2018

According to Techspective.net , paperwork in international trade accounts for a fifth of ocean freight costs. Blockchain could streamline the management of paperwork and documentation which would lower freight spend for ocean carriers by up to 20%. A combined system will also leverage open-source software to ensure compatibility.

Analytics Software 95

Analytics Software Supply Chain Software Optimization Software Supply Chain Optimization 95

Turvo

AUGUST 18, 2021

Benchmark and Analyze the Current Process in Your Existing Supply Chain. Sometimes outside sources are the best research tools available. The ability to view real-time freight analytics can monitor performance while integration takes place. Many businesses are unaware of the outdated processes they adhere to.

Analytics Software 98

Analytics Software Demand Planning Software Supply Chain Software Logistics Network Optimization Software 98

Supply Chain Collaborator

AUGUST 30, 2018

Once only utilized by the largest organizations, cloud computing has brought TMS solutions to the masses with mid-sized and even small shippers able to source and implement solutions that are affordable and effective in automating their logistics processes. Freight settlement capabilities. Ability to benchmark data. Ease of use.

Logistics Network Optimization Software 81

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Sourcing Strategies 81

Freightos

JULY 23, 2015

And it’s about to get hit by a freight train of innovation. How much do we love freight innovation? Enough to go through every single article published in the top tech blogs – Techcrunch, Verge, Mashable and Recode – since 2007 to count how often articles about logistics startups, freight or cargo were published.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Supply Chain Design Software San Francisco Predictive Analytics Software 120

Enterra Insights

JUNE 17, 2020

”[5] Hayes suggests SCM involves five different areas: The plan or strategy; the source (of raw materials or services); manufacturing (focused on productivity and efficiency); delivery and logistics; and, the return system (for defective or unwanted products). ” 2. . Advanced analytics & AI. ” Concluding thoughts.

Supply Chain Planning Software 130

Supply Chain Planning Software Sourcing Strategies Supply Chain Software Supply Chain Strategy 130

MIT Supply Chain

FEBRUARY 3, 2022

Next, a backlash is triggered that draws the term’s credibility into question, followed by a revival as professionals in organizations such as consultancies step in to benchmark the term and enshrine it in best practices. Eventually it is “widely used, overused, and possibly abused” and applied indiscriminately, he says.

Sustainability 52

Sustainability Supply Chain Software Supply Chain Purchasing Skills 52