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From COVID to geopolitical tension, the past five years have emphasized the need for procurement agility. Flexibility in a Volatile Market: As pricing and freight capacity fluctuate, procurement professionals need to adjust rates quickly without lengthy RFP processes. Why Rate Refresh? Why Rate Refresh?
Load capacity limits play a crucial part in a supply chain network organization, logistics metrics management, and procurement in the shipping industry. Freight management parties need to understand why procurement falters without technology and how technology can boost sourcing across all industries.
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.
Transportation procurement remains a major problem for enterprises faced with the need for faster and more extensive capacity. Let’s take a closer look at the five key hallmarks of quality data sets that can improve transportation procurement. Increase transportation procurement with FreightWaves SONAR.
For shippers, the approach to transportation procurement is evolving. However, with the advent of specialized software solutions like Keelvar, Emerge and Jaggaer, there’s a noticeable shift in how transportation procurement is managed.
This is particularly true for truckload shipping procurement. Read on to see how these innovations can help with truckload shipping procurement. Shipping managers continue to struggle with capacity procurement during this time of industry-wide disruption . Truckload shipping procurement needs to include all legs of the trip.
Home Shipsta by Freightos Introduces Rate Refresh: The Future of Agile Procurement in 2025 Blog Luxembourg, December 3, 2024 – Shipsta by Freightos (Nasdaq: CRGO) continues to drive freight procurements evolution with the rollout of Rate Refresh, a key addition to its procurement platform. Why Rate Refresh?
Blog More Resources Home Shipsta by Freightos Introduces Rate Refresh: The Future of Agile Procurement in 2025 Visit Shipsta by Freightos Luxembourg, December 3, 2024 – Shipsta by Freightos (Nasdaq: CRGO) continues to drive freight procurements evolution with the rollout of Rate Refresh, a key addition to its procurement platform.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Asia-US East Coast prices(FBX03 Weekly) fell 8% to $6,107/FEU.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Lacking data promotes trouble in annual contract capacity procurement during times of volatility. Together, it promotes continued route optimization and use of strategic transportation procurement practices.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $2,421/FEU.
Successful freight management hinges on effective procurement and insight into current market conditions. In other words, focusing on those lanes with lower acuity scores will have the net effect of lowering total freight spend, while promoting increased freight procurement and fewer tender tender rejections. Request a SONAR Demo.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $4,278/FEU.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) climbed 5% to $2,497/FEU.
Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Request a SONAR Demo. Request a SONAR SCI Demo. Tracking market trends within truckload rates relies heavily on data and analysis. Download the White Paper.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. In this blog post, I describe the different paths these modes took and where things stand at the close of 2023. It is indeed “A Tale of Two Modes,” each with its own story, pace, successes, and snags.
Failures to understand the severity of the problem can quickly amount to massive waste across different sectors, particularly in transportation procurement and execution. . 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.
Limited insight into inventory demands resulting in problems procuring raw materials The manufacturing supply chain depends on the availability of raw materials to create and distribute goods and products. Knowing when it’s time to revisit bids and renegotiate contracts is critical for procurement and intervention management.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) were also level at $2,367/FEU.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) fell 1% to $2,362/FEU.
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. . Request a SONAR Demo. Request a SONAR SCI Demo.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) were level at $2,509/FEU.
And demands for 2021 already reveal strife in procurement in the shipping industry and visibility through all operations, including carrier troubles. For those trying to obtain freight procurement, says Uber , volatility is the name of the game. Request a FreightWaves SONAR demo by clicking the button below.
Shipment volume, capacity procurement and weight limits. The right routing guide should further provide a way to apply predictive freight rates and boost procurement throughout the supply chain as necessary. Request a SONAR Demo. Request a SONAR SCI Demo. Lanes the carrier typically runs and any related data.
Gain more certainty with SONAR’s WRI to quickly see changes in capacity for every market and get a better sense of where shipping rates are headed in addition to how difficult (or easy) it will be to procure space for your freight loads. Sign up for a demo here or by clicking the button below. . Request a SONAR Demo.
Calculating LTL shipping is an essential part of rate negotiation and capacity procurement and is an important step in securing the best bids, marketing shipping rates and maximizing profit margins. Request a FreightWaves SONAR SCI demo to get started on your next RFP bidding and lane volatility strategy to keep LTL rates in check.
This is particularly true when looked at in connection to routing guides and how lane management and contract procurement go. Request a FreightWaves SONAR or a SONAR SCI demo by clicking the button below to get started. Request a SONAR Demo. Request a SONAR SCI Demo.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) increased 58% to $3,980/FEU.
And that will win over carriers, keep them coming back and boost procurement efficacy. Get started by clicking the button below to request a FreightWaves SONAR demo today. Request a SONAR Demo. Streamline the delivery process.
This sector covers important activities relating to procurement, transport, and storage of goods. Learn more about how your company can achieve those goals by requesting a SONAR demo online today. Request a SONAR Demo The post Freight Costs: 5 tips to get the biggest bang for your buck appeared first on SONAR.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. It took time for the situation to normalize, especially for complex products like semiconductors that require a lot of moving parts in the global supply chain.
Stay informed with drayage by deploying the right system Practical procurement of goods and on-time shipments all depend on accurate drayage planning. Connect with FreightWaves to request a SONAR demo or by clicking the button below to learn more. Request a SONAR Demo.
Just remember that, as reported by Supply Chain Dive , “Traditional logistics strategies, procurement methods and commercial frameworks often result in cost and risk shifts towards carriers and away from the shipper. Request a SONAR Demo. 6 Hallmarks of a Shipper of Choice.
And it has opened new channels for capacity procurement. Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo. With all the pressure for more and faster service among shippers, dropshipping has seen a renewed focus within the industry.
Overcome the barriers to logistics foresight with a data-driven procurement strategy. If not, request a demo of the ultimate freight data platform for navigating the freight market by clicking the button below. . The best-laid plans are just that, thought out and well-laid. Are you a FreightWaves SONAR user?
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) fell 1% to $6,709/FEU.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) increased 4% to $6,373/FEU.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $6,589/FEU.
Now, if that same issue occurs during a heightened period of trouble in procurement in the shipping industry , the total cost of transportation could quickly skyrocket. Request a SONAR Demo. The post Data-Driven Transportation Management and Its Role in Driving Stronger Tech Stack ROI appeared first on SONAR.
Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. Request a FreightWaves SONAR demo to get started today. Request a SONAR Demo. Unfortunately, this is one unique situation in which it becomes difficult to see the forest for the trees.
(Graphics created by Emily Ricks) Enterprise shippers are constantly faced with the challenges of procuring transportation. And change is the ever-lasting factor in transportation procurement. Actionable insights from applied analytics optimize transportation procurement by understanding stability. Request a SONAR Demo.
How is technology enabling strategic conversations at the order level to happen faster and for the freight department to work seamlessly with procurement on the inbound side and sales on the outbound side to optimize freight shipping ? Request a SONAR Demo. How do we digitize all the players in the supply chain network?
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