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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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Overcoming Supply Chain Disruptions with Shanna Greathouse and Tony Nichols

The Logistics of Logistics

indirect expenses including cost of quality, rework, tariffs, expedited air, and safety stock can uncover overlooked sourcing opportunities that enable resilience and flexibility while reducing overall risk. can be created to serve as a sandbox for scenario analysis. By understanding the true costs of goods, both direct and.

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Supply and Demand Vlog: Strategies for Difficult Markets

CH Robinson Logistics

When faced with a market like today’s, I recommend you consider one or more of the tactical ideas from the video above or our white paper to help meet your shipping needs during difficult market conditions. Sources: *ACT Research Freight Forecast March report and FTR March Trucking report.

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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. Outbound freight costs as percentage of net sales. On-time pickups.

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Truckload rates: Using data predict and prepare spot vs. contract bids and RFPs

FreightWaves SONAR

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. This kind of real-time data analysis and application is essential for shippers to stay strategic and tactical as they forecast out contract and spot truckload rates.

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What enterprise shippers can expect from logistics automation in 2021

FreightWaves SONAR

Download the White Paper. Improved predictive analysis and projection with logistics automation data and insights. Logistics automation and real-time data analysis make this kind of insight possible. It always goes back to using data as a best practice for all aspects of freight management.

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5 more truckload shipping strategies for enterprise shippers

FreightWaves SONAR

Digital freight matching is growing more valuable as a way to source meaningful capacity Companies and freight managers that have embraced digital technology and automation remain more likely to thrive. Download the White Paper.