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Why Benchmarking Alone Isn’t Enough for Proper Transportation Cost Analysis

GlobalTranz

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. Inbound freight costs as percentage of purchases.

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How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

GlobalTranz

Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Each of these elements more traditionally handles by outsourcing analysis of processes to supply chain consultant. Increasing order efficiency. Demand forecasts. The quantity of each product. Inventory location and management.

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AI in Supply Chain Automation: Procurement to Logistics

Logistics Viewpoints

From sourcing and bid evaluation to warehouse slotting and dynamic routing, AI tools support faster and more consistent outcomes by processing large volumes of operational data and identifying patterns that human decision-makers may overlook. These capabilities are now being integrated into mainstream TMS, WMS, and ERP platforms.

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What Shipping Analytics Tools Should Freight Market Participants Have in Their Freight Stack?

FreightWaves SONAR

Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. Tracking shipment status is a core function of advanced shipping analytics tools. Download the White Paper.

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6 Steps to conduct a freight spend analysis

FreightWaves SONAR

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.

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Freight Procurement is a Different Game

Logistics Viewpoints

There are different tools, goals, and market dynamics. The moves span inbound, intracompany, and outbound shipping. This made the data analysis easier. On the inbound side, it was highly reliant on spreadsheet data. This made the data analysis “painful.” We did not have a great spot tool.”

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How to Handle Physical Inventory in a Digital World

Ship Monk

Fortunately, digital technology has evolved to mitigate most of these risks, from inbound freight to return authorizations. Single Source of Truth — When inventory is coming and going from all directions, order and inventory data is synced to a central platform for easy monitoring and analysis.