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From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.
That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. Download the WhitePaper: Transportation Optimization: Its Strategic Role in Transportation Management. Learn More.
Wasting resources and assets cost managers a pretty penny. Waste matters in the shipping industry because every instance leads to higher freight costs. Unfortunately, it is also one of the most challenging waste areas to address. Download the WhitePaper. And it’s essential to understand why. .
Relying solely on manual shipping data analysis continues to yield poor results. Download the WhitePaper. Outdated analysis and management methods are becoming increasingly more difficult amid lockdowns, supply shortages, and increased consumer demands. The same applies to freight management analytics.
Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis. Download the WhitePaper. The best logistics strategies depend on expert insight, such as the data and analysis found in FreightWaves Passport, which focuses on the chain’s inner workings.
Download the WhitePaper. An obvious perk, technology reduces the time wasted on handwritten paperwork. By using the proper strategy for real-time freight data consolidation and analysis, the ability to recruit truck drivers and retain the talent will greatly increase and benefit each freight company.
UK based company Kite Packaging has launched its sustainable future plastics initiative to reduce plastic levels with the unveiling of its new mobile packaging test facility and the release of a whitepaper. Join us in saving 120 tonnes of packaging waste this year.”. images/pdf/plastic-white-paper.pdf).
Shippers also need a way to look beyond the enterprise’s four walls to understand waste. Wasted warehouse space leads to higher overhead. For example, just-in-time fulfillment models, drop-shipping, and cross-docking avoid wasted space. Improved planning through wait time analysis benefits all parties.
There are a number of reasons why ensuring full trucking capacity is essential for ongoing growth and success within the truck and trailer industry, particularly when it comes to truckload shipping procurement, including: Empty loads equal wasted resources. Download the WhitePaper. Outdated communications affect contracts.
All of these challenges potentially create waste in your supply chain. Download the WhitePaper. In-depth insights and long-term stability remain connected to carrier revenue in several ways, including: Reliance on data collection and analysis for an up to the minute picture of the supply chain health and status.
According to Supply Chain 24/7 , “ truckload service optimizes trailer space and moves freight [without extra stops that will] eliminate wasted trips, reducing greenhouse gas emissions by up to 40%.” Download the WhitePaper. This gets easier to accomplish with tailored benchmark data analysis. .
As reported by Don’t Waste My Energy , “ There are more than 6000 container ships that operate daily on the world’s oceans. Download the WhitePaper. Unfortunately, ocean shipments data is rarely easily accessible or available for analysis by enterprise shippers. 90% of goods are transported by container ships.
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download WhitePaper. Another significant area of risks worth mentioning is supply chain waste and disruptions arising from abuse and fraud. GET YOUR COPY HERE.
In ignoring the waste, in good times, carriers will most likely see that they will experience increased costs that are not as evident as the top-line revenue is growing. Download the WhitePaper. In today’s world, a delay in data processing and analysis will lead to massive opportunities for overlooked industry dynamics.
Download the WhitePaper. Relying on manual analysis is like using messenger pigeons in an age of web conferencing, email, and single-click mass communication. Instead of wasting time trying to collect and analyze data manually, freight tech powered by an API streamlines the process.
So, if you are still wondering why to invest in an ERP software suite – don’t waste any more precious time. GET YOUR FREE WHITEPAPER. DOWNLOAD WHITEPAPER. It is the best way to reduce costs, and gain a strong competitive advantage in the dynamic marketspace!
Predictive data analytics can be deployed to improve annual truckload RFP processes, understand how transportation analytics flow seamlessly into the next stage of data analysis and derive more value. Download the WhitePaper. Predictive analytics generate the meat of forecasts based on current conditions.
Download the WhitePaper. Reap the rewards of insightful freight data analytics with FreightWaves SONAR at your fingertips The only way forward in logistics lies in the careful analysis of transportation data. Stop wasting time trying to make sense of limited datasets and outdated rating tools.
An off-cited analysis from McKinsey in late 2017, for example, found automation could destroy as many as 73 million US jobs by 2030, about one third of all jobs in the country.
I have recently co-authored a whitepaper with my colleague wherein we have looked at 2 fundamental guiding principles – 1.
Another problem is that of multi homing as so much data is available across several feeds of IOT/Email/Internet /Mobility/ERP that organisations tend to have issues around finding a single platform to collate them for meaning analysis. . 4) YES… Sometimes lean methodologies fail!
Mike Ledyard.
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