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From COVID to geopolitical tension, the past five years have emphasized the need for procurement agility. From COVID to geopolitical tension, the past five years have emphasized the need for procurement agility. These external factors are near-impossible to predict, forcing more frequent tender updates to remain inline with the market.
Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.
This is particularly true for truckload shipping procurement. Read on to see how these innovations can help with truckload shipping procurement. Shipping managers continue to struggle with capacity procurement during this time of industry-wide disruption . Truckload shipping procurement needs to include all legs of the trip.
For shippers, the approach to transportation procurement is evolving. This approach is cumbersome and fraught with challenges such as limited visibility, inefficient data management and difficulties in bid analysis. This not only makes the process more efficient, but also reduces the likelihood of errors and enhances productivity.
Home Shipsta by Freightos Introduces Rate Refresh: The Future of Agile Procurement in 2025 Blog Luxembourg, December 3, 2024 – Shipsta by Freightos (Nasdaq: CRGO) continues to drive freight procurements evolution with the rollout of Rate Refresh, a key addition to its procurement platform. Why Rate Refresh?
Blog More Resources Home Shipsta by Freightos Introduces Rate Refresh: The Future of Agile Procurement in 2025 Visit Shipsta by Freightos Luxembourg, December 3, 2024 – Shipsta by Freightos (Nasdaq: CRGO) continues to drive freight procurements evolution with the rollout of Rate Refresh, a key addition to its procurement platform.
A freight spend analysis can help cut those extra costs. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues. Let’s look at a few best practices and steps to conduct a comprehensive, insightful cost analysis. Know the scope and value of a freight spend analysis.
Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Tracking market trends within truckload rates relies heavily on data and analysis. The key to avoiding this kind of situation is predictive planning and analysis.
Judah Levine March 12, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 7% to $4,419/FEU. Asia-US East Coast prices(FBX03 Weekly) fell 8% to $6,107/FEU.
Judah Levine November 15, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 6% to $1,711/FEU. Europe – N. America weekly prices climbed 1% to $1.84/kg.
Limited insight into inventory demands resulting in problems procuring raw materials The manufacturing supply chain depends on the availability of raw materials to create and distribute goods and products. Knowing when it’s time to revisit bids and renegotiate contracts is critical for procurement and intervention management.
Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU.
Judah Levine January 16, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 5% to $2,588/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $4,278/FEU.
Judah Levine November 28, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,613/FEU. America weekly prices increased 5% to $2.10/kg.
This sector covers important activities relating to procurement, transport, and storage of goods. Knowing freight costs in advance is essential to keep total landed costs in check Understanding transportation freight costs and current freight rates for lanes must be the primary goals of cost analysis.
Judah Levine December 13, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 1% to $1,603/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 5% to $2,497/FEU.
Judah Levine December 6, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) were level at $1,620/FEU. Europe – N. America weekly prices rose 2% to $2.14/kg.
Judah Levine December 19, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 3% to $1,556/FEU. Asia-US East Coast prices (FBX03 Weekly) were level at $2,509/FEU.
The better global retailers and BCOs understand market conditions through smart data analysis, the easier they will secure on-time drayage moves or deliveries. Stay informed with drayage by deploying the right system Practical procurement of goods and on-time shipments all depend on accurate drayage planning. Request a SONAR Demo.
And it has opened new channels for capacity procurement. Throughout the years to come, accurate data analysis will remain essential for effective truckload shipping. Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo.
Judah Levine January 10, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 60% to $2,713/FEU. Europe – N. America weekly prices fell 1% to $1.81/kg.
This remains key to the overall success of investments within supply chain analysis. Now, if that same issue occurs during a heightened period of trouble in procurement in the shipping industry , the total cost of transportation could quickly skyrocket. Request a SONAR Demo.
(Graphics created by Emily Ricks) Enterprise shippers are constantly faced with the challenges of procuring transportation. And change is the ever-lasting factor in transportation procurement. And that’s why Lane Acuity, leveraging lane-by-lane analysis at scale is redefining the standards for managing lane-level insight.
Judah Levine February 28, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 2% to $4,809/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 1% to $6,709/FEU.
Judah Levine February 7, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 7% to $4,367/FEU. America weekly prices increased 4% to $2.06/kg.
When the freight market meets expectations and is less volatile, it is easy for shippers and carriers to not look at inefficient processes or their transportation procurement strategy. In today’s world, a delay in data processing and analysis will lead to massive opportunities for overlooked industry dynamics. Request a SONAR Demo.
Judah Levine February 13, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 11% to $4,859/FEU. Europe – N. America weekly prices fell 1% to $2.03/kg.
Judah Levine February 22, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 1% to $4,889/FEU. America weekly prices increased 1% to $2.05/kg.
Access to data and proper analysis are both essential to maximize profits and reduce costs. Automation and technology will simply make tasks, including procurement in the shipping industry , easier, increasing profitability along the way. MAKE THE MOST OF TRUCKING DATA TO BOOST PROCUREMENT AND CAPACITY UTILIZATION.
Judah Levine December 28, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 7% to $1,659/FEU. Europe – N. America weekly prices dipped 6% to $2.09.
Supply chain leaders from planning to procurement to logistics face labor shortages and cost concerns, so they want to reduce workforce time spent on manual activities. While analysis can suggest parameters, similar to upper and lower control limits, planners should ultimately set the parameters, based on their knowledge of the business.
Judah Levine January 3, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01) increased 63% to $2,713/FEU. Asia-US East Coast prices (FBX03) climbed 55% to $3,900/FEU.
Here are some details from the press release: With Haven TMS, Haven evolves from a logistics quote marketplace into a full-featured transportation management system (TMS) with collaboration, procurement, and analysis modules. I haven’t seen a demo of the solution, so I can’t comment on its functionality.
This software enables procurement managers to forge close links with their suppliers and manage the whole procurement process. SRM software also provides all the data needed to empower procurement managers to negotiate bulk discounts and reduce carriage costs. Supplier relationship management (SRM) software.
These functions must integrate easily into current logistics, invoicing , and procurement processes. What Kind of Reports Can I Create with My Transportation Data for Analysis? If you’d like to get a demo of our TMS, the Cerasis Rater, simply fill out a request form on our website here.
A basic form of inventory categorization is ABC analysis. With ABC analysis, you group products based on one dimension: value. This process eliminates the need to procure more inventory from the supplier and helps keep item counts low and lean. A items are the most valuable to the business, B items less valuable and so on.
A simple way to do this is to use a basic ABC analysis model to divide inventory into: A items – typically sell well and are profitable to the business. But striving for the cheapest unit price isn’t always the most cost-effective way to procure a product. This means you need to prioritize which inventory items to reorder.
Improved access to data, more accurate communications, real-time analysis, better disruption response, faster collaborations, increased freight tender acceptance , and amplified throughput can all become a reality with the right automation system in place. Request a demo of RPA Labs chatbot to get started.
Improved access to data, more accurate communications, real-time analysis, better disruption response, faster collaborations, increased freight tender acceptance , and amplified throughput can all become a reality with the right automation system in place. Request a demo of RPA Labs chatbot to get started.
Introducing ABC analysis to categorize your stock would help identify these so you can prioritize your time. The aim is to increase your options when you need to economically procure stock in an emergency. In a dynamic sales environment with orders changing more often, this would need to be done as often as possible.
Accurate Demand Forecasts for Intelligent Procurement. ABC analysis is a simple way to categorize inventory, so you can stock more category ‘A’ items that sell well and have a good profit margin, versus ‘C’ items that have a low sales rate and bring less value to the business. 1: Supply chain complexity.
Freight RFQs are complex, and almost every procurement project is unique in its design. In traditional freight procurement processes, results from downstream negotiations can have a retroactive effect on the projected award scenario. Harvest this low-hanging fruit!
With hundreds of demos and hands-on labs, plus exhibitions from more than 250 partners and customers from around the world, Oracle OpenWorld has become a showcase for leading cloud technologies, from Cloud Applications to Cloud Platform and Infrastructure. Secondly, there’s Non-disputable root-cause analysis.
Higher interest rates make borrowing money more costly, making financing day-to-day operations such as inventory procurement, transportation and storage more expensive. One way to do this is with ABC/XYZ analysis. How do high interest rates and inflation impact supply chains? More expensive borrowing.
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