Locus

OCTOBER 12, 2023

Let’s take a look at recent example of how the strategies employed by the Indian Cricket Team during their face-off against Australia in the 2023 World Cup resonate seamlessly with the principles of optimal last-mile delivery: 1. They challenge team morale, inflate expenses, and erode trust with the very people we aim to impress.

Expense Reduction 64

Expense Reduction Cost Reduction Resource Reduction Strategy 64

FreightWaves SONAR

FEBRUARY 5, 2021

As reported by Supply Chain Game Changer , “certainly there are many factors that can cause a company to apply intense pressure on the supply chain and other functions, to reduce their costs. Financial losses or declining profitability certainly make cost-cutting a priority. Request a SONAR Demo.

Expense Reduction 105

Expense Reduction Cost Reduction Price Reduction Waste Reduction 105

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

FreightWaves SONAR

MARCH 4, 2021

With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. Cost reduction strategies in supply chain management remain focused on getting loads from point A to point B as fast and as affordable as possible. Request a SONAR Demo.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

FreightWaves SONAR

MARCH 16, 2021

Inaccurate data leads to unnecessary expenses that can hurt the financial bottom line. This means that companies with access to near-real-time data could potentially save by the elimination of lagging data. Lagging data, while better than no data at all, leads to unnecessary expenses and avoidable costs. Request a SONAR Demo.

Expense Reduction 93

Expense Reduction Price Reduction Data Capacity 93

FreightWaves SONAR

JULY 24, 2023

The costs of logistics as a ratio of total expenses are too significant to ignore. Keeping costs under control should be a proactive, not reactive strategy, especially during an unprecedented time of transition and reopening ahead of peak season. Think about this. Transportation management depends on historical and real-time data.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

FreightWaves SONAR

JANUARY 8, 2021

Analytics-driven processes are the go-to strategies for all freight management parties that seek to increase profitability. Average length of haul = total haul miles / total number of loads Maintenance expense per mile (MAINT) Carriers must further track their maintenance expenses by mile as well.

Expense Reduction 104

Expense Reduction Freight Price Reduction Purchasing Skills 104

Locus

MARCH 27, 2024

Geocoding drastically cuts down on the headache of reattempted deliveries on these unclear by accurately locating unclear addresses, thereby saving costs and boosting customer satisfaction. This proximity reduces the need for long-haul deliveries, further cutting down transportation costs.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

FreightWaves SONAR

MARCH 1, 2021

These asset-based trucking challenges appear in many various forms and can lead to major expenses, which may cripple and impair any business. Asset-based carriers should ensure proper pricing alignment, which eliminates unnecessary expenditures and costs. . Additionally, real-time visibility eliminates unnecessary costs.

Expense Reduction 98

Expense Reduction Price Reduction Trucking Cost Reduction 98

EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. Read our blog on demand forecasting accuracy for more details.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

FreightWaves SONAR

FEBRUARY 4, 2021

Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Finding quality loads for moves on trips that would have otherwise remained empty is the best way to reduce deadheading. This will help in reducing rampant deadheading. Download the White Paper.

Waste Reduction 98

Waste Reduction Data Expense Reduction Cost Reduction 98

FreightWaves SONAR

JANUARY 19, 2021

Part of that risk plays into how successful shippers or carriers will be with keeping their overhead expenses under control and maximizing efficiency. Broad market assumptions are great for broad strategies, but as everyone knows, the supply chain is rarely that simple. Reduced capacity constraints deriving from limited visibility.

Supply Chain Planning Software 98

Supply Chain Planning Software Sourcing Strategies Expense Reduction Scenario Planning 98

FreightWaves SONAR

MARCH 18, 2021

A great deal of the cost that goes into shipping gets tied up in securing load capacity and budgeting for fees and expenses incurred along the way. Additional expenses are then absorbed by the shipper or passed on to consumers. Knowing predictions for fees and expenses can help shippers maintain a competitive advantage.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Data 98

Locus

MAY 20, 2024

This blog delves into essential acronyms and abbreviations, from BOPIS to WISMO, that are pivotal for optimizing supply chains and elevating customer satisfaction. This fulfillment method cuts down delivery costs of serving customers especially in dense cities. Read Also: The Retail Playbook For Thriving in an Omnichannel World 1.

Inventory Reduction 98

Inventory Reduction Logistics Network Optimization Software Cost Reduction Optimization Software 98

FreightWaves SONAR

FEBRUARY 25, 2021

A certain level of fees and freight rating expenses are standard in shipping and transportation. For instance, here are a few KPIs that go into the overall strategy for how carriers price transportation: MILES PER TRUCK PER WEEK (MILTR) – Every driver in the fleet will come under scrutiny at some point.

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

FreightWaves SONAR

MARCH 4, 2021

Ocean freight managers will be able to easily calculate expenses vs profits to secure the best loads. . Multimodal freight lines can keep closer tabs on fees and expenses within all channels. . Domestic transportation networks can better collaborate load capacity to reduce wasted miles and space. Download the White Paper.

Supply Chain Planning Software 130

Supply Chain Planning Software Freight Optimization Software Resource Reduction 130

FreightWaves SONAR

MARCH 25, 2021

Alignment of rates with market stability grades reduces the risk of rejection and delays. Another critical concern is the ability to align freight rates with market stability grades to reduce the risk of rejection and delays. Request a FreightWaves SONAR SCI Lane Acuity demo to get started or by clicking the button below.

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

FreightWaves SONAR

APRIL 15, 2021

Aside from the implementation of automated technology and digital tools, one of the most significant shifts in the shipping and transportation industry focuses on reduced emissions. Why are more and more shippers and carriers working to reduce pollution and lower emissions? But what do they mean for the supply chain network of today?

Material Savings 52

Material Savings Waste Reduction Expense Reduction Resource Reduction 52

Dedola Global Logistics

SEPTEMBER 1, 2024

This blog explores how importers can leverage expedited ocean freight to navigate today’s market complexities, and why it might be a smarter choice compared to both traditional ocean and air freight services. In contrast, expedited ocean freight services, while more expensive upfront, offer more stable and predictable pricing.

Expense Reduction 76

Expense Reduction Cost Reduction Freight Price Reduction 76

FreightWaves SONAR

MARCH 2, 2021

The total value of resources, man-hours, construction, equipment, maintenance, fees, and other costs must be accurately estimated for expense prediction to be effective. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.

Analysis 98

Analysis Price Reduction Cost Reduction Supply Chain Planning Software 98

FreightWaves SONAR

DECEMBER 30, 2020

And pre-emptive strategies that help isolate and address real-time problems will inevitably rely on real-time freight data and easy-to-access systems. As the issues build, mitigating efforts become more strenuous, resulting in lost revenue and time, as well as more significant expenses. Request a SONAR Demo.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

FreightWaves SONAR

FEBRUARY 16, 2021

Freight intelligence tools help management develop a more unified freight strategy. The operating ratio is a measure of profitability from linehaul, accessorials and operating expenses, shown in the FreightWaves SONAR OPRAT index. Request a FreightWaves SONAR demo by clicking the button below. . Request a SONAR Demo.

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

FreightWaves SONAR

JANUARY 25, 2021

Maintenance Expense per Mile (MAINT). Maintenance Expense per Mile (MAINT). The Maintenance Expense per Mile (MAINT) index captures the total maintenance expense, reported by participating carriers during a given month, expressed on a per-mile basis. Formula : maintenance expense / total miles.

Optimization Software 98

Optimization Software Optimization Trucking Expense Reduction 98

FreightWaves SONAR

JANUARY 7, 2021

Poor tender acceptance strategies. In other words, logistics leaders must find and apply proactive data management strategies, including: Developing alternative transportation solutions, such as increasing the number of transportation brokerage partnerships. Request a SONAR Demo. Lackluster communication with shippers.

Supply Chain Software 98

Supply Chain Software Supply Chain Design Software Supply Chain Design Automation 98

FreightWaves SONAR

FEBRUARY 15, 2021

This week, learn how executives who manage a trucking business are monitoring carrier operations-based indices to improve profit margins and reduce operational trucking costs. Expenses include items such as driver wages, truck lease, insurance, maintenance, etc. Gross Fuel Expense Per Mile (GFEMIL).

Trucking 98

Trucking Expense Reduction Operations Purchasing Skills 98

Locus

MAY 9, 2023

So how do retailers cut costs and add to their bottom line? Read the Ebook of Omnichannel Retailers Guide to Success Download the Ebook Costs involved in the last mile for retailers To trim expenses, retailers need to sharpen their focus on last-mile optimization. Book a Demo Today! The post Can Retailers Reinvent the Last Mile?

Cost Reduction 52

Cost Reduction Expense Reduction Resource Reduction Vendor Strategies 52

WorkWave

JULY 28, 2024

Studying competitors is an integral part of market research as it helps the medical courier business gain insights into their strengths, weaknesses, and overall strategies. RouteManager’s last-mile delivery software helps you cut fuel costs, increase revenue, and improve operations. GET A FREE DEMO 2. Start Using RouteManager!

Material Savings 93

Material Savings Optimization Software Logistics Network Optimization Software Cost Reduction 93

FreightWaves SONAR

JANUARY 19, 2021

Remember that those fines amount to extra overhead expenses for carriers, so it’s a cause-and-effect relationship. Unify pricing strategies with freight forecasting tools The final step to getting more from your fleet requires freight forecasting tools. Request a SONAR Demo.

Cost Reduction 98

Cost Reduction Supply Chain Planning Software Optimization Software Trucking 98

FreightWaves SONAR

MARCH 11, 2021

Capacity will shrink; profits will fall; expenses will rise; disruptions will increase; and opportunities will be missed. 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.

Data 98

Data Supply Chain Planning Software Supply Chain Software Expense Reduction 98

Freightos

MAY 28, 2024

Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. For much of the year ocean disruptions have led to increased sea-air demand out of places like Singapore and Dubai for shippers looking for service faster than ocean but less expensive than air cargo.

Price Reduction 118

Price Reduction Expense Reduction Resource Reduction Data 118

FreightWaves SONAR

MARCH 5, 2021

As explained by the Small Business Chronicle , “Projected costs are based on prior sales numbers and anticipated increases in expenses. Observed] costs result when money is actually spent on the various supplies, services and other expense categories used by the business.” Request a SONAR Demo.

Freight 98

Freight Cost Reduction Expense Reduction Price Reduction 98

FreightWaves SONAR

NOVEMBER 10, 2020

Automated truckload freight quotes reduce delays. The key to reducing issues and overcoming the obstacles is to automate the process of managing truckload freight quotes. By knowing current shipping expenses, trends and competitor rates, managers can better select and organize freight loads. Request a SONAR Demo.

Supply Chain Software 104

Supply Chain Software Automation Supply Chain Planning Software Freight 104

FreightWaves SONAR

NOVEMBER 24, 2020

Email and fax don’t cut it. Aside from labor costs and energy use, transportation costs comprise a shipper’s most significant expenses. Request a SONAR demo online today. Request a SONAR Demo. To keep pace, organizations need systems that are up to the task. What’s needed are systems that connect to business networks.

Data 105

Data Supply Chain Planning Software Resource Reduction White Paper 105

Locus

JULY 24, 2023

the cut-throat era of next-day deliveries, FTL offers the fastest transit times:a seamless journey from A to B with no detours or delays. You’ve got more goods than you can squeeze into an LTL shipment but not enough to justify the expense of an FTL.The beauty of PTL is that it’s cost-effective and flexible. No sharing.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Optimization Modeling Resource Reduction 52

FreightWaves SONAR

NOVEMBER 16, 2020

In other words, real-time data reduces confusion and streamlines collaboration with all supply chain segments to book more loads, execute more loads, track more loads while in transit, and audit all movements. As analytics comb through data, freight brokerages realize more opportunities for improvement and lower their overhead expenses.

Modeling Software 106

Modeling Software Logistics Network Optimization Software Supply Chain Software Data 106

FreightWaves SONAR

MARCH 16, 2021

And by using analytics, freight managers can promote increased insight into reefer efficiency, recognize when it’s time to rethink bidding strategies and determine which lanes and rates across contracts, as well as the spot market, are costing the business more money than necessary. Request a SONAR SCI Lane Acuity demo to get started. .

Data 97

Data Supply Chain Software Efficiency Logistics Network Optimization Software 97

Freightos

JANUARY 3, 2024

Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. The US has indicated that the naval force will use a defensive strategy to secure the waterway, while the Houthis have threatened to attack US Navy ships if Houthi positions in Yemen are targeted.

Negotiating Skills 139

Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 139