FreightWaves SONAR

MARCH 15, 2021

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.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

CLX Logistics

NOVEMBER 21, 2023

When looking ahead to the future, it’s crucial to reflect on the past year, identify emerging trends, and strengthen strategies for benchmarking and procurement. It’s not just a tool but a strategic partner in improving procurement and benchmarking. Are you choosing carriers that offer the most competitive rates?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction 52

CLX Logistics

SEPTEMBER 10, 2020

One of the most efficient ways to optimize a chemical supply chain logistics strategy from top to bottom is through proper planning, analysis, and smart decision-making in the procurement, bidding, and benchmarking process. Procurement and Bid Management. Advanced Freight Procurement Solutions. Planning and Preparation.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Procurement Sourcing Strategies 40

Logistics Viewpoints

JULY 23, 2024

Collaborate across departments: Engage stakeholders from different departments within the organization – not just supply chain management including logistics and procurement but sales, marketing, and finance. Assess the quality, granularity, timeliness, and relevance of each data source to determine its suitability for AI-driven analysis.

Optimal Sourcing 161

Optimal Sourcing Supply Chain Software Supply Chains Data 161

FreightWaves SONAR

SEPTEMBER 18, 2024

Benefits to our clients: Enhanced decision-making: By combining SONAR’s robust data offerings with Chaine’s intuitive platform, users gain a powerful tool for strategic planning and operational efficiency. This streamlining reduces the time spent on data gathering and analysis, freeing up resources for other critical tasks.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Optimization Software Sourcing Strategies 52

FreightWaves SONAR

SEPTEMBER 18, 2024

Benefits to our clients: Enhanced decision-making: By combining FreightWaves SONAR’s robust data offerings with Chaine’s intuitive platform, users gain a powerful tool for strategic planning and operational efficiency. This streamlining reduces the time spent on data gathering and analysis, freeing up resources for other critical tasks.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Optimization Software Sourcing Strategies 52

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. I saw how their platform unified finance and procurement activities, but not supply chain. I saw this claim as being more a statement of intention than of fact.

Supply Chain Design Software 136

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 136

CLX Logistics

MAY 15, 2024

They also recognized the need to look beyond their own data, and wished for experienced input on their procurement strategy. The CLX Logistics Solution CLX Logistics implemented CLX LaneLogix to increase supply chain visibility and enable faster, more optimized bidding, benchmarking, and procurement solutions.

Optimal Sourcing 60

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 60

SYSPRO Smarter ERP

NOVEMBER 13, 2023

One of the big challenges facing manufacturers is inadequate reporting and analysis capabilities. ERP software integrates various business processes, such as accounting, manufacturing, inventory, procurement and sales into a single database. Why companies invest in BI As a business grows, so does the amount of data.

ERP 64

ERP Manufacturing Procurement Inventory Reduction Optimal Sourcing 64

FreightWaves SONAR

JULY 2, 2024

These benchmarking tools include the MyTRAC rate in SONAR Market Dashboard, access to the TRAC Benchmarking App for granular analysis, and insights from SONAR’s market experts and customer success team in lane-level analysis.

Optimal Sourcing 64

Optimal Sourcing Procurement Solutions Procurement Analytics Analysis 64

Ship Monk

APRIL 5, 2024

The fact is, most business owners think of procurement as nothing more than a transactional relationship. SRM is more than a one-and-done analysis. Steps to Implementing SRM If you deal with a lot of vendors, investing in SRM software will help you more easily manage the data and make it available to stakeholders for analysis.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105

GlobalTranz

NOVEMBER 17, 2016

Transportation modes used in procurement and shipping. Each of these elements more traditionally handles by outsourcing analysis of processes to supply chain consultant. As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

FreightWaves SONAR

JULY 23, 2024

No other freight company spends more time and energy investing in fine-tuning and improving the data and tools our customers use every day, and we’re excited to bring these new features and updates to you. From improved search capabilities to AI-powered forecasting, the last few releases truly have something for everyone.

Optimal Sourcing 59

Optimal Sourcing Supply Chain Software Optimization Software Data 59

CLX Logistics

DECEMBER 1, 2022

Benchmarking is a critical tool that all logistics professionals should leverage annually, if not every quarter, to achieve this goal. Benchmarking from CLX Logistics helped a client with 19 million in freight spend save over 18% of costs after the cost-saving potential of a mode switch was revealed through benchmarking data analysis.

Tips 52

Tips Logistics Network Optimization Software Optimal Sourcing Manufacturing Procurement 52

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. The tools listed below will help you navigate all these challenges to achieve the best rates possible without compromising speed or service.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

Logistics Viewpoints

NOVEMBER 6, 2023

Analysis of what is reported may suggest that a supplier has not been totally forthcoming in what they have reported on the platform. Schneider Electric and EcoVadis Christophe Quiquempoix, VP of Sustainable Procurement at Schneider Electric shared his insights during a panel discussion at EcoVadis Sustain Conference 2023.

Supply Chain Planning Software 153

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 153

Transporeon

NOVEMBER 12, 2017

Procurement meets benchmark The company set out to find a partner with expertise in web-based transportation and logistics. While there are many e-procurement platforms available, Ticontract is a specialized transportation procurement platform built for the needs of the logistics industry.

Manufacturing Procurement 48

Manufacturing Procurement Negotiating Skills Procurement Freight 48

TransAudit

JUNE 27, 2023

It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution. An absence of good data can lead to significant issues, indicating the importance of a robust approach to data collection and analysis. It thrives on reliable, high-quality, and timely information.

Optimal Sourcing 68

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 68

Logistics Bureau

APRIL 4, 2022

Here is an overview of the most valuable benefits: More informed freight spending: Because freight benchmarking involves the analysis of carriers and the rates paid by companies using them, it gives you an evolving picture of clarity about your freight spending. Alternatively, you can procure access to a digital freight benchmarking platform.

Negotiating Skills 83

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 83

Logistics Viewpoints

NOVEMBER 19, 2024

The Appeal of Delegating to AI AI is a tool designed by humans to do things it can do better or we cannot or do not want to do. We delegate understanding when we expect tools and technology to solve all our problems and surrender our own expertise. It responds to queries based on AI models, not comprehension.

Supply Chain Design Software 86

Supply Chain Design Software Negotiating Skills Optimal Sourcing Supply Chain Software 86

FreightWaves SONAR

AUGUST 1, 2024

Real-time tracking and visibility tools can be used to monitor shipments and provide customers with accurate delivery updates. Develop data-driven forecasts: Use historical data, market analysis and sales input to create accurate demand forecasts. This team will be responsible for the S&OP process.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Cost Reduction Resource Reduction 59

CLX Logistics

DECEMBER 1, 2022

Finding the right logistics partner and tools to help simplify the brokerage process is essential to success in chemical logistics, so be sure that chemical freight brokerage is a priority when establishing your transportation management operations. Do: Take Advantage of Flexibility and Supply Chain Visibility.

Supply Chain Planning Software 79

Supply Chain Planning Software Optimization Software Optimal Sourcing Logistics Network Optimization Software 79

SYSPRO Smarter ERP

JULY 9, 2024

Human resource efficiency: Optimizing and automating routine financial tasks, such as accounts payable and receivable, and general ledger accounting, frees up staff time for activities like financial analysis. ERP systems aren’t just tools — they’re catalysts for innovation and growth.

ERP 52

ERP Manufacturing Procurement Inventory Reduction Optimal Sourcing 52

TransAudit

JULY 6, 2023

It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution. An absence of good data can lead to significant issues, indicating the importance of a robust approach to data collection and analysis. It thrives on reliable, high-quality, and timely information.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 52

Logistics Business Magazine

MARCH 14, 2022

The sustainability assessment body recognised Toyota Material Handling Europe’s exceptional performance and transparency across four key appraisal areas, including labour and human rights, environment, ethics, and sustainable procurement.

Material Savings 56

Material Savings Materials Handling Supply Chain Software Optimal Sourcing 56

Logistics Business Magazine

JUNE 17, 2024

Data taken from nPlan’s analysis of project delays found that a staggering near quarter of all projects end up being delivered more than 250 days late. This way, you can guarantee that your labourers and workforce have the correct materials and tools to get started and deliver results to deadlines.

Material Savings 57

Material Savings Supply Chain Planning Software Logistics Network Optimization Software Optimal Sourcing 57

Globalior

JUNE 26, 2020

Procurement: Procurement may be able to work from home, however a big part of a procurement executive’s job is vendor management which is best done face to face. Data Analysis: Some data analysts will do well working from home. However in many companies, a data analyst also has to do extensive data entry.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 52

Stord

JANUARY 26, 2021

To keep up with the resulting complexity to the supply chain, brands have been relying on third-party logistics partners and manually piecing together long contracts, RFPs and limited software capabilities with their own third-party integrators and multiple software tools.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 78

Logistics Viewpoints

FEBRUARY 20, 2024

Supply chain network design (SCND) is a powerful tool for improving business operations. The requirement to constantly switch sourcing has major implications: procurement is negatively impacted by volatile volumes and manufacturing is affected by changing regional permits for labeling. But it has gaps.

Supply Chain Design Software 156

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 156

SYSPRO Smarter ERP

NOVEMBER 30, 2021

It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Other related tools such as Pareto analysis identify which products are most profitable and hence those you should focus your attention on. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

IoT World Today

SEPTEMBER 27, 2021

If we look into Nestlé’s progress last year, we made really solid progress on our structural savings program across all areas of manufacturing, procurement and administration, with massive opportunities for automating and AI,” said Pinart. The latter target is with a view of achieving Nestle’s goal of net zero carbon emissions by 2050. “If

Supply Chain Software 72

Supply Chain Software Modeling Software Manufacturing Procurement Optimal Sourcing 72

GlobalTranz

OCTOBER 6, 2021

With driver shortages still impacting the industry and continual volatility within supply and demand balances, it is more important than ever for OTR managers to get on board with remote tools and digital services, including advanced shipper TMS platforms and managed services to reduce workload. . Enabling Data-Driven Decision-Making .

Optimal Sourcing 86

Optimal Sourcing Optimization Software Modeling Software Supply Chain Software 86

Logistics Viewpoints

SEPTEMBER 19, 2023

Using technology to de-risk supply chains From a technology perspective, supply chain design tools have been developed from the ground up to handle uncertainty and risks, generate scenarios that identify risks proactively, and provide solutions to mitigate these risks. Nari Viswanathan is currently Sr.

Supply Chain Design Software 157

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 157

20Cube Logistics

JANUARY 22, 2022

Data analysis renders greatest of help in taking key decisions which are based on facts and trends. Businesses must have a few solid key performance indicators (KPIs) that act as their short and long term objective and utilize data analysis to align themselves to those goals. The fundamentals of data analysis lie in data.

Optimal Sourcing 75

Optimal Sourcing Supply Chain Planning Software Analysis Supply Chain Software 75

Conger

APRIL 1, 2024

Predictive Maintenance Predictive maintenance takes things further using data analysis tools and techniques like vibration analysis and thermal imaging. Asset Lifecycle Management (ALM) encompasses planning, procurement, operation, maintenance, and eventual replacement or disposal of assets.

Material Savings 81

Material Savings Expense Reduction Resource Reduction Cost Reduction 81

Material Handling and Logistics

AUGUST 10, 2018

But I often see companies that have more cutting tools, for example, than they need. If a specification changes or new tools come online, this excess inventory may end up in the trash. If you’ve tried to trim costs by buying cheaper cutting tools, but their low quality means you’ll use more of them, are you really saving money?

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

FreightWaves SONAR

MARCH 18, 2021

Managing the manufacturing supply chain and freight markets of today requires skills, tools, applications and services that have never been utilized in the past. Knowing when it’s time to revisit bids and renegotiate contracts is critical for procurement and intervention management.

Manufacturing Procurement 91

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 91