Trinity Logistics

JANUARY 16, 2020

Customer specific pricing (CSP) is one approach that third-party logistics (3PL) brokers use in the Less-than-truckload (LTL) industry to pursue, secure, and operate LTL business. CSP refers to the negotiating and publishing of customer specific pricing programs with LTL carriers for a specific LTL shipper. Carrier bid analysis.

Negotiating Skills 62

Negotiating Skills Analysis 3PL Logistics Network Optimization Software 62

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

Trinity Logistics

AUGUST 4, 2020

Chemical manufacturers collect and use a lot of data in their supply chain. They deal with data on their products, customers, transportation, storage, operations and more. Acquiring that data is not hard but managing and utilizing that information to be able to analyze your business is the challenge. Managed Services.

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chains 64

Freightos

APRIL 27, 2023

In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.

Data 62

Data Freight Optimal Sourcing Supply Chain Software 62

Transporeon

JANUARY 25, 2018

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., The team would post rate matrices, but carriers would then manipulate both the file structure and the data.

Negotiating Skills 48

Negotiating Skills Manufacturing Procurement Cost Reduction Supply Chain Planning Software 48

GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. The right partner will also work with your team to implement changes based on data-driven recommendations and identify opportunities for continuous improvement. . Focus on Carrier Procurement and Management.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Optimal Sourcing Optimization Software Modeling Software 123

Logistics Viewpoints

OCTOBER 4, 2024

Maritime Alliance, the group negotiating with for the ports has offered 50% raises over the six-year life of the contract but the union has signaled that it plans on sticking with its initial 77% pay increase over six years. A one-week strike could cost the U.S. billion and increase the cost of consumer goods.

Supply Chain Planning Software 140

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Negotiating Skills 140

Logistics Bureau

FEBRUARY 15, 2021

You consider, for example, the number of seats you want in the vehicle and whether you want a 4-wheel drive, a sedan, or an SUV. Once you have done that, you move into getting prices on the vehicles. Purchasing: Once you know what you want, you go out and find what you want for the right price. But it’s not only the price.

Manufacturing Procurement 117

Manufacturing Procurement Procurement Analytics Purchasing Skills Procurement 117

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. You could be particularly numerate, or into analysis.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

Logistics Viewpoints

JULY 19, 2021

A ton of steel can cost as little as $700. A pound of apples costs about the same as a pound of steel, yet steel is a complex product produced using high-tech metallurgical and manufacturing processes. Dr. Svend Lassen, Head of Reporting & Data Analytics for Commercial and Supply Chain at Tata Steel Europe.

Supply Chain Planning Software 166

Supply Chain Planning Software Scenario Planning Negotiating Skills Logistics Network Optimization Software 166

FreightWaves SONAR

DECEMBER 29, 2020

However, the application of such data does not necessarily translate into meaningful improvements within day-to-day operations. Yes, analytics add value, but that value often gets overshadowed by the sheer volume of freight data insights available. Talent and skills relevant to supply chain analytics are limited.

Data 52

Data Negotiating Skills Transportation Supply Chain Software 52

Logistics Viewpoints

FEBRUARY 26, 2024

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.

Supply Chain Planning Software 166

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 166

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. Examples include cleaning and lubricating the moving parts or replacing parts before they wear out. Let’s dive in!

Material Savings 81

Material Savings Expense Reduction Resource Reduction Cost Reduction 81

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. Pinpoint Market Rates.

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. Pinpoint Market Rates.

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. Pinpoint Market Rates.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

FreightWaves SONAR

APRIL 29, 2021

That has also increased the pressure on retailers to keep other freight and logistics costs low with more capital and expense being dedicated to the development of new omnichannel strategies. . Using SONAR data in contract negotiations with carriers and 3PLs. . Inflation in the prices of goods. Inflation in freight costs.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

FreightWaves SONAR

MARCH 15, 2021

Advancements in tender data science and paid market data now power SONAR SCI (Supply Chain Intelligence) Lane Acuity Plus. Lane Acuity also provides a measure of lane coverage favorability via the Lane Score, which evaluates multiple data points within the app. WHAT IS LANE ACUITY PLUS?

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

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

Penske Move Ahead

JUNE 20, 2023

Third-party logistics providers have played increasingly significant roles with shippers, providing data management, visibility and analytics that are helping to transform supply chain networks. We have seen a dramatic run up in supply chain costs, to a record $2.3 Costs also increased for rail, air freight and water transportation.

Supply Chain Software 55

Supply Chain Software Negotiating Skills Supply Chains Logistics Network Optimization Software 55

CLX Logistics

JULY 26, 2021

1 As the ability to strategize bidding continues to improve and keep shippers competitive, that number will continue to grow. Soon, it’ll almost be a guarantee that if you’re not leveraging modern data analytics properly, you’re losing money or leaving it on the table. E-Bids & Negotiations. Ongoing Spend Analysis.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

GlobalTranz

OCTOBER 21, 2015

The more KPIs, the more difficult the negotiation process. For example: Inventory Record Accuracy has to be 98-100% accurate daily. Cost Reduction is another major goal. As the two partners implement Continuous Improvement or Kaizen cost reduction will follow. 3PL/SLA Skills/Knowledge.

Negotiating Skills 94

Negotiating Skills Optimal Sourcing 3PL Procurement Analytics 94

Blue Grace Logistics

SEPTEMBER 15, 2022

Poorly optimized networks can have many undesirable outcomes, including loss of customers, runaway freight and labor costs, and siloed — rather than integrated — supply chain management. Engagement with the right MLP should be focused on developing a strong strategic approach and supported by expertise that may not be found in house.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Supply Chains Meeting 62

Carter Logistics

MARCH 12, 2019

Ensure that the price paid is based on agreed-upon rates negotiated ahead of the transportation movement. TMS utilizes accumulated data reports in order to review performance and progress. Data reports reveal the effectiveness and efficiency of the transportation network, including these metrics: i. For example: i.

Supply Chain Planning Software 60

Supply Chain Planning Software Negotiating Skills Optimization Software Scenario Planning 60

Logistics Bureau

OCTOBER 20, 2021

You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supply chain organisation. “Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs.

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

Penske Move Ahead

SEPTEMBER 5, 2024

As it turns out, the efficient movement of data associated with these transactions is now as important as the movement of the materials. The data matters because it matters to key stakeholders in the supply chain. And yes, the data is crucial because we have demonstrated definitively, that there’s “gold to be mined” in that data.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 40

FreightWaves SONAR

FEBRUARY 5, 2021

They banded together, and bought shares of the almost worthless company, driving up the price of the stock and pushing the hedge funds into a position where they lost those seemingly surefire bets. For example, trades that are made through the Robinhood app are executed by hedge funds like Citadel. Visibility. Transparency.

Trucking 98

Trucking Negotiating Skills Logistics Network Optimization Software Data 98

The Logistics Academy

FEBRUARY 13, 2017

For example, as online sales reach a record high, B2C service provider Jet.com uses some creative logistics concepts to bring value to customers. Another trend is learning how to deal with the avalanche of data that supply chain managers have at their fingertips. They must know which data deserves priority for a given problem.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 40

GlobalTranz

MAY 26, 2017

Consumer actions are shaping how shippers and carriers interact, ranging from contract negotiation to exploring new technologies. With the rise of Amazon, consumers have also been able to access an endless product array at historic, record-low shipping costs. Better cost than your competitors. What Do Customers Really Want?

Cost Reduction 66

Cost Reduction Expense Reduction Material Savings Logistics Network Optimization Software 66

GlobalTranz

JULY 28, 2015

Recently, John Larkin of Stifel’s Transportation & Logistics Equity Research provided an in-depth analysis of the future of the LTL sector to Supply Chain Digest. However, the overall cost of shipping through LTL modes will increase between three and four percent in the next few years. LTL Cost Increase From the Driver Perspective.

Purchasing Skills 97

Purchasing Skills Manufacturing Procurement Negotiating Skills Cost Reduction 97

Logistics Bureau

OCTOBER 10, 2022

Inventory costs too high? For example, you can optimise for cost, profit, or service, but not for all of them. Alternatively, you can focus on profit and accept tradeoffs in service and costs or concentrate on the cost and accept service and profit tradeoffs. Too much inventory in your distribution network?

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

247 Customs Broker

APRIL 6, 2018

One recent example of this, recalls McGowen, was when traffic congestion at Vancouver kept a large shipment stalled on the highway. Tracking inventory and creating new strategic plans for accounting and billing issues have been made part of his job, he adds. So we’re always solving problems and helping our customers avoid bottlenecks.

Survey 28

Survey Negotiating Skills Supply Chain Planning Software Manufacturing Procurement 28

Logistics Viewpoints

JANUARY 23, 2023

Mr. Railey is the manager of data science at CPChem. CPChem was able to use Seeq to make faster data-based decisions. CPChem’s digital foundation team used the Seeq platform to help them view and understand the value of data, setting a foundation for CPChem’s digital transformation. Many decisions were not data-driven.

Supply Chain Design Software 18

Supply Chain Design Software Supply Chain Planning Software Modeling Software Optimization Software 18

Freightos

NOVEMBER 21, 2023

More Resources Home November 21, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 6% to $5.23/kg

Optimal Sourcing 126

Optimal Sourcing Negotiating Skills Price Reduction Demo 126

Automotive Logistics

JANUARY 18, 2019

Barcode scanning is highly cost-effective and as pervasive within the North American automotive supply chain as elsewhere. With RFID, you receive the automated scanning and a barcode, along with readable instruction, for a very low cost. RFID prices have come down as the technologies have vastly improved.”.

Supply Chain Design Software 28

Supply Chain Design Software Optimization Software Supply Chain Software Logistics Network Optimization Software 28

Infosys Supply Chain Management

FEBRUARY 8, 2012

Cloud & Big Data. They expand into an analysis of revenue-accruing & cost-optimizing functions, and result in the identification of capabilities that the organization aspires to develop or enhance. Let us take an initiative such as Inventory Optimization as an example. Business Process Outsourcing. Banking Suite.

Supply Chain Planning Software 34

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Supply Chains 34

Logistics Viewpoints

JULY 5, 2024

billion in sales during the two-day period, beating last year’s record, according to data intelligence firm Similarweb. Similarweb’s analysis is based on a range of factors. For example, activity on Amazon.com is up 10% by revenue compared to last year, according to Similarweb estimates. Dozens of U.S. Maritime Alliance.

Supply Chain Planning Software 140

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Logistics Network Optimization Software 140