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Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supply chain are some of the world’s most complex and regulated industries, which has been further compounded by increasing reliance on data and technology in both fields. What Is SOX Compliance?
And routing guide compliance is among the top reasons that today’s shippers experience strife and stress in supply chain management. The value created with real-time data and right-now lane-level analysis to enforce compliance. Request a SONAR Demo. Request a SONAR Demo.
This is done by presenting in-depth insights in an effective manner, such as with an easy-to-view ticker lineup, such as seeing OTLT.USA compared to OTRI.USA side-by-side, but that can only go so far in helping to alleviate concerns with routing guide compliance. Request a SONAR Demo. Request a SONAR SCI Demo.
And technology is making it easier to prevent routing guide volatility and create more routing guide stability while increasing compliance. Challenges in routing guide compliance. Inadequate or outdated data remains one of the most significant challenges that face managers when it comes to compliance with routing guides.
And the effects are becoming evident as trucking compliance with applicable routing guide requirements deteriorate. 18, implying a direct return to losses in routing guide trucking compliance. Compliance levels fell rapidly, leading to surging spot pricing. The result has been rejection rates consistently above 25% since Feb.
Blockchain in the supply chain can be used to create a distributed ledger to all parties, enhancing visibility and compliance. Improved regulatory compliance derives from increased traceability, transparency and efficiency in critical supply chain functions , up to and including final delivery or returns management.
Contract rates are up over 25% year-over-year (y/y), which has helped drive better carrier compliance as rejections are down 500 basis points y/y. Request a SONAR Demo. Request a SONAR SCI Demo. Capacity constraints remain in place, although conditions have improved over the past year.
Compliance with routing guides can reduce costs like processing damaged products and saves time when the operations staff doesn’t have to figure out a shipment with missing documents.” Penalties for non-compliance Perhaps the most obvious and talked about impacts of freight routing guide failures are penalties. Request a SONAR Demo.
As retailers stock shelves, shippers that experience carrier compliance issues will likely have to pay exorbitant spot rates, which are already ~20% higher than year-ago levels. Request a SONAR Demo. Request a SONAR SCI Demo. The still-constrained intermodal networks could force some time-sensitive loads to the highway.
The Federal Motor Carrier Safety Administration (FMCSA) recently rolled out hours of service regulations and the electronic locking devices mandate, and truckers are struggling to stay in compliance with these measures.
Compliance with routing guides. As compliance moves further away from 100%, it shows lower performance among trading partners. Meanwhile, it can be used in conjunction with compliance KPIs to guide future freight bidding negotiations. Request a SONAR demo today. Request a SONAR Demo. Download the White Paper.
That includes potential impact to the environment, social causes and governance structure and their impact on routing guide compliance. Request a FreightWaves SONAR demo to see the IMCSI tickers in action, and request a FreightWaves SONAR SCI Lane Acuity demo to propel your full transportation procurement strategy to its greatest potential.
Using real-time data to measure analytic validity and boost routing guide compliance with tactical mini-bids. Request a FreightWaves SONAR demo to get started, and unlock the most value by further requesting a FreightWaves SONAR SCI demo today. Request a SONAR Demo. Request a SONAR SCI Demo.
Blockchain Increases Compliance With Regulations Regardless of Geographic Region or Location. Since pharmaceuticals are heavily regulated, the use of blockchain in pharma supply chain systems could increase compliance with regulations.
It is nearly impossible to manage SLAs and routing guide compliance practically and successfully without access to sound data. Request a FreightWaves SONAR or a SONAR SCI Lane Acuity demo to boost your current RFP processes by clicking the respective button below. Request a SONAR Demo. Request a SONAR SCI Demo.
The song was built using a demo track from John Lennon dating back to the 1970s and a guitar track from George Harrison from 1995. The song was supposed to come out back in 1995 as part of The Beatles Anthology, along with Free as a Bird and Real Love , two other tracks culled from 1970s Lennon demos. 31 news release.
How does the slightest change in capacity and freight demand shift your compliance metrics & costs? It’s hard to predict compliance issues and cost increases when everything seems “normal”. If not, request a demo of the ultimate freight data platform for navigating the freight market by clicking the button below. .
And that is especially true when managing compliance with applicable regulations or inbound freight routing guides. Request a SONAR demo online to get started. Request a SONAR Demo. Advanced analytics further help companies compare KPIs and metrics to find the most lucrative carrier relationships.
Compliance management resources. Even if a shipper follows all the right steps, compliance can remain an issue. Shippers need to maintain compliance with truckers, carriers and other trading partners. That includes compliance with the inbound freight routing guide and outbound activities. Request a SONAR Demo.
Tracking data while in transit reduces damage and ensures drivers maintain compliance. Find out more about how to apply blockchain in your supply chain by requesting a demo from us today. The post Top 5 Practical Freight & Logistics Applications of Blockchain-Based Systems appeared first on ShipChain Blog.
And the routing guide provides a single point of instruction that can be used to measure carrier and supplier compliance or performance, reports Supply Chain 24/7. Request a FreightWaves SONAR SCI Lane Acuity demo to get started or by clicking the button below. Request a SONAR Demo. Request a SONAR SCI Demo.
According to Supply Chain Digital , “A company that utilizes a global trade management system can expect to cut costs, risks and delays associated with manual compliance and tracking efforts.” Request a SONAR Demo. To ignore it is to ignore the key to continued growth and recovery.
Supply chain managers can track freight KPIs to ensure carrier compliance, manage work schedules, and continuously improve operations. Get started on the path to efficiency; request a FreightWaves SONAR demo by clicking the button below today. . Request a SONAR Demo.
Hold suppliers accountable for compliance. Request a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo. This ultimately saves unnecessary truckload freight 5. To reduce the unexpected stresses of the freight market, suppliers must be held accountable.
For instance, it may be necessary to reroute the shipment, move it to another load or mode, dispatch a new driver or perform other necessary activities to ensure compliance with the routing guide. Request a SONAR SCI Lane Acuity demo by clicking the button below today. . Request a SONAR Demo. Request a SONAR SCI Demo.
This blog post explores the various benefits and importance of integrating technology into pharmacy delivery services. Ensuring Safety and Compliance Accurate and Safe Deliveries Technology enhances the accuracy and safety of pharmacy deliveries. This reduces the risk of non-compliance and potential legal issues.
collections_bookmark Blog |. Request Demo. Request a demo of MercuryGate’s platform online today. Request a Demo. computer Training |. headset_mic Support |. people Community |. Outreach Going beyond TMS by extending our commitment to support the communities that surround us. close Close. August 25, 2020. Share on email.
Since the beginning of 2021, maritime shipping lines will need to refocus on safety compliance. Get started by requesting a FreightWaves SONAR demo via the button below. . Request a SONAR Demo. Quantity remains finite and all maritime shipping must occur within those limits.
Carrier compliance. Freight management parties must also track freight carrier compliance. Request a SONAR demo by clicking the button below now. Request a SONAR Demo. Fortunately, leveraging a resource, such as SONAR’s Lane Scorecard, to see various metrics for multiple sites can hasten the process.
Shippers need tracing capabilities, such as order tracking, real-time visibility to shipment status, exception management, and compliance so they can manage across multiple carriers. We recommend you download that white paper by visiting that blog post here. Billing Type Compliance. Least Cost Non-Compliance.
In this blog post, we’ll explore the key legal steps every delivery business must take to minimize risks, comply with regulations and build a reputable, trustworthy service. Sign Permit: If you plan to advertise your business with signage, ensure compliance with local ordinances. Start Using RouteManager!
Carrier compliance can be drastically improved to boost success rates Success depends on being efficient. Modern supply chain business intelligence helps boost carrier compliance with shippers’ practical routing guides, replenishment strategies and other fulfillment options, such as drop shipping or cross-docking. Request a SONAR Demo.
Improved SLA Compliance: Outsourcing also provides more resources at your disposal, leading to a higher likelihood of adhering to your SLAs. If your supply chain requires optimization and automation, consider booking a demo to explore what Locus can offer you ! appeared first on Locus Blog.
Shipper X, while not being able to raise rates, has other operational steps that can drive improved compliance, including drop and hook opportunities, extending tender lead times and guaranteeing high and consistent volume levels. Request a SONAR Demo. Request a SONAR SCI Demo.
Decentralized Data Ensures Compliance and Universal Application of Electronic Devices. Maintain Compliance With Regulations, Contractual Responsibilities and More. Maintaining compliance will also aid in cybersecurity and the prevention of cyber-attacks. The power of blockchain lies in a decentralized data core.
Dip in revenue and profits: Customers are gone and they are filing lawsuits against your organization and governments are slapping hefty monetary penalties for non-compliance. Compliance with data security laws: A robust logistics system provides an accurate trail of audit records that comply with GDPR, SOC2, CIS, PCI DSS.
Companies with established systems may struggle to adapt to changing compliance regulations and market demands. In such cases, buying agile, cloud-based logistics solutions can be a wise choice, as tech partners can offer expertise in compliance and rapid adaptation. Schedule a demo with our experts!
Carrier selection can be a challenging task for businesses, and inefficient carrier selection, poor carrier communication, lack of carrier performance visibility, and carrier compliance issues can result in negative growth. Locus’ ShipFlex can connect shippers with a large network of carriers without the hassle of painful integrations.
After all, a driver familiar with a particular area’s intricacies is naturally poised to be more efficient, thereby bolstering SLA compliance. By integrating superior navigation tools, nurturing instantaneous communication, and balancing workloads with transparent reward systems, companies can achieve remarkable leaps in SLA compliance.
Carrier compliance levels for contracted loads is still suffering as evident by OTRI being above 20%. Request a SONAR Demo. Request a SONAR SCI Demo. Any drastic shock to the market, like the winter storm of 2021, could cause capacity to tighten rapidly, which would likely send spot rates further north.
This blog post will give you a step-by-step guide on the requirements you need to know about a cannabis delivery license in California. Business owners must supply compliance documents regarding the training of employees and the hiring of drivers. Delivery compliance is essential. Ensure compliance due to regulation changes.
Non-compliance : There are laws regarding minimum and maximum work hours for drivers in every country. Compliance made easy: Configure drivers’ shift timetables like shift timings, break time, lunch hours, etc, to comply with the regulations put forth by the government to make sure you don’t fall under non-compliance.
De-risking, which also leads to long-term cost savings) The two main data sources used in generating these outputs are: FreightWaves’ tender data, which measures compliance and capacity conditions; and invoice data, which is used for benchmarking in over 700,000 lanes. Request a SONAR Demo.
GET A FREE DEMO 2. These certifications demonstrate the company’s commitment to safety and compliance. Additionally, creating informative blog posts and obtaining backlinks from authoritative healthcare websites can help boost your website’s rankings in search engine results. Book a demo today!
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