FreightWaves SONAR

JANUARY 5, 2021

Operational costs continue to increase for carriers year to year. Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Freight data reduces dwell time and load time.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

FreightWaves SONAR

JULY 24, 2023

Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. The costs of logistics as a ratio of total expenses are too significant to ignore. The costs of logistics as a ratio of total expenses are too significant to ignore.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

EazyStock

DECEMBER 13, 2020

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. Maybe you need to diversify your supplier network to cover any supplier closures or increased logistical/delivery costs.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

WorkWave

JUNE 10, 2024

Calculating overhead costs in field service is an essential aspect of running a successful business. By accurately calculating overhead costs, field service businesses can ensure they are pricing their services competitively and making informed decisions about their operations. What are overhead costs?

Negotiating Skills 52

Negotiating Skills Cost Reduction Expense Reduction Optimization Software 52

WorkWave

JULY 12, 2024

Proper waste management is crucial for businesses of all sizes, not only to comply with regulations but also to minimize environmental impact and reduce costs. Inefficient waste management practices can lead to increased disposal costs, harm to the environment, and even damage to a company’s reputation.

Waste Reduction 52

Waste Reduction Waste Material Savings Cost Reduction 52

Locus

MAY 25, 2022

Take last-mile deliveries for example. Here are seven key strategies that they have used to make it happen. Consistently failIng to do so means definitely losing their confidence, which reduces your revenue, and a decline in profitability. Time to bring your strategies into action using a dispatch management platform!

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

Freightos

NOVEMBER 7, 2023

Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU.

Negotiating Skills 133

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 133

Locus

AUGUST 13, 2024

For example, Walmart recently decided to convert sections of their stores into mini warehouses. Retail enterprises with physical outlets are not only transforming their store spaces into warehouses but are also investing in the automation, optimization, and digitalization of these mini warehouses to save costs and increase profitability.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Resource Reduction Cost Reduction Inventory Reduction 52

WorkWave

MARCH 26, 2024

Let’s delve into this topic to understand its significance and explore strategies for optimizing delivery routes to enhance customer satisfaction. Efficiency and Cost-Effectiveness Efficient delivery route planning not only benefits customers but also contributes to the company’s bottom line. Start Using RouteManager!

Optimization Software 105

Optimization Software Optimization Logistics Network Optimization Software Cost Reduction 105

WorkWave

JUNE 27, 2024

Addressing this shortage is vital for maintaining efficient operations, controlling costs and ensuring customer satisfaction. This blog will delve into the current state of driver availability, its causes, consequences, strategies for mitigating the challenge, and future outlooks and long-term solutions.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

WorkWave

OCTOBER 17, 2024

For example, the global courier and local delivery services market is expected to grow at a CAGR of 4.7% better customer service, faster delivery times, or lower costs). Marketing and Sales Strategy Once your business is up and running, how will you attract and retain customers? through 2027. Research is key here.

Cost Reduction 52

Cost Reduction Logistics Network Optimization Software Transportation Purchasing Skills 52

Ship Monk

SEPTEMBER 19, 2022

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. It wasn’t until your business took off and they kicked you out that you began incurring holding costs a.k.a. carrying costs, and needed to learn what those are. So what exactly is holding cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Freightos

JANUARY 15, 2024

The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began.

Negotiating Skills 127

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 127

WorkWave

AUGUST 22, 2024

In this article, we will explore 11 proven sales strategies that can help you increase your flower shop sales and cultivate lasting relationships with your clients. Explore Different Suppliers Shopping around for flowers and supplies is crucial for any florist aiming to optimize cost efficiency. Table of Contents [Open] [Close] 1.

Optimization Software 52

Optimization Software Cost Reduction Price Reduction Expense Reduction 52

FreightWaves SONAR

APRIL 23, 2021

When companies lack visibility into emissions, preventable challenges arise that cost shippers revenue and affect the environment. Understanding emissions data allows optimal planning and strategies for shipment execution, which in turn provides solutions to wasted cargo space and provides the most efficient transportation mode for the job.

Waste Reduction 52

Waste Reduction Cost Reduction Negotiating Skills Sourcing Strategies 52

Freightos

DECEMBER 6, 2023

Judah Levine December 6, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) were level at $1,620/FEU. Asia-US East Coast prices (FBX03 Weekly) were also level at $2,367/FEU.

Negotiating Skills 117

Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 117

Locus

JULY 10, 2024

As companies scale up, it enables efficiency at scale, reduces costs and provides superior customer experiences. Companies like Target and Walmart are strong adopters of technology and are leveraging it to cut down cost while also enabling smooth changing management. However, simply adopting technology is not enough.

Cost Reduction 52

Cost Reduction Inventory Reduction Supply Chain Planning Software Optimization Software 52

Logistics Viewpoints

SEPTEMBER 25, 2023

Greenhouses can be constructed to be like semiconductor clean rooms which would eliminate the need for pesticides. Greenhouses can be located near population centers and the growing season can occur all year long; this improves the freshness of food while reducing GHG emissions. With the Affordable Care Act, those days are gone.

Supply Chain Software 150

Supply Chain Software Food and Agriculture Logistics Network Optimization Software Inventory Reduction 150

EazyStock

JUNE 21, 2022

Many more traditional supply chain strategies originated in a steadier business environment. Predictable business cycles and stable demand allowed supply chain professionals to focus less on solving challenges and more on cost reductions. The main reason companies move over to the cloud is cost savings.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 52

FreightWaves SONAR

MARCH 26, 2021

As an example, World Finance reported that Bryan Trucker, Vice President of Corporate Communications at CSX, stated , “CSX became the first U.S. Lower total transportation cost. These include: Risk of higher freight spend through waiting costs. Higher infrastructure and equipment cost. Request a SONAR Demo.

Freight 97

Freight Cost Reduction Demo Tracking and Tracing 97

Locus

AUGUST 16, 2022

Last-yard delivery has redefined the meaning of convenience and costs in last-mile logistics. Why should businesses prioritize convenience over cost in the last yard? Rather than the cake getting frozen or damaged at the doorstep, placing it in the refrigerator means prioritizing convenience over cost. Let’s dive in.

Cost Reduction 52

Cost Reduction Logistics Network Optimization Software Refrigeration Expense Reduction 52

Shipchain

MAY 29, 2019

Blockchain’s tamper-proof nature eliminates any concerns over data validation, costs of managing data, time delays, and human errors. For example, consider the following benefits of blockchain in the supply chain : Traceability allows for the corruption-proof means of tracking goods, raw materials or shipments in real-time.

Supply Chain Planning Software 126

Supply Chain Planning Software Supply Chains Vendor Strategies Cost Reduction 126

FreightWaves SONAR

JANUARY 7, 2021

Over time, missed opportunities result in higher costs in the form of: Increased driver turnover. Poor tender acceptance strategies. Limited insight into current costs compared to the market. Take this example reported by Richard Davis in Supply & Demand Chain Executive , “It’s 7:00 p.m., Empty miles.

Supply Chain Software 98

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

Parade

DECEMBER 14, 2021

Many Book Now loads get booked outside of brokers' business hours, with little to no broker engagement which helps reduce some cost of booking a load. This helps reduce calls and additional manual activities on both sides. Carriers can book loads when they are winding down their day or at their early start.

Digital 78

Digital Cost Reduction Automation Demo 78

Parade

DECEMBER 14, 2021

Many Book Now loads get booked outside of brokers' business hours, with little to no broker engagement which helps reduce some cost of booking a load. This helps reduce calls and additional manual activities on both sides. Carriers can book loads when they are winding down their day or at their early start.

Digital 78

Digital Cost Reduction Automation Demo 78

FreightWaves SONAR

APRIL 1, 2021

LTL shipping rates would historically depend on freight class and the cost per hundredweight . In the past, calculating freight class depended on the physical weight of an item, as well as what else could be shipped within the same truck to set a cost per hundredweight (CPW). Request a SONAR Demo. Request a SONAR SCI Demo.

Negotiating Skills 98

Negotiating Skills Price Reduction Trends How To 98

Ship Monk

FEBRUARY 9, 2024

If you’re not careful, the costs of forecasting can outweigh the potential savings in inventory costs. For example, if you’re introducing a new product and there are no similar products to draw historical data from, qualitative research is a must to reduce risk.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

FreightWaves SONAR

APRIL 19, 2021

When it comes to reducing carbon emissions, electric vehicles and switching fuel sources are all the rage. This strategy is important, as 81% of greenhouse gases are made up of carbon dioxide, which comes from the combustion of fossil fuels like coal, natural gas and oil.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Material Savings Sourcing Strategies 52

FreightWaves SONAR

FEBRUARY 26, 2021

According to Trucks.com , “But reducing the number of miles that carriers drive empty – also known as deadhead miles – has proven to be a more elusive challenge. These major KPIs include: Accessorial cost percentage. Detention cost percentage. Fuel Then, there’s one other factor to consider – fuel costs.

Trucking 96

Trucking Freight Price Reduction Cost Reduction 96

FreightWaves SONAR

MARCH 22, 2021

And as reported by Supply Chain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.” Request a SONAR Demo. Request a SONAR SCI Demo.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

EazyStock

APRIL 18, 2023

While they did show signs of reducing, a recent surge has seen levels remain high. High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. Supply chain infrastructure investment reduces. Higher costs of storage.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

WorkWave

MAY 31, 2024

First, it helps in reducing operating costs. Real-time data on fuel consumption, driving behavior, and vehicle maintenance needs allow fleet managers to identify cost-saving opportunities. How Telematics Enhance Fleet Management One of the key advantages of telematics in fleet management is the ability to reduce operating costs.

Optimization Software 52

Optimization Software Logistics Network Optimization Software Cost Reduction Expense Reduction 52

EazyStock

OCTOBER 20, 2020

The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. Fine-tune your stock replenishment strategies.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

WorkWave

JULY 28, 2024

For example, lab specimens need to be carefully transported to avoid any contamination or spoilage. 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. GET A FREE DEMO 2. Start Using RouteManager!

Material Savings 52

Material Savings Optimization Software Logistics Network Optimization Software Cost Reduction 52

WorkWave

JULY 28, 2024

For example, lab specimens need to be carefully transported to avoid any contamination or spoilage. 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. GET A FREE DEMO 2. Start Using RouteManager!

Material Savings 52

Material Savings Optimization Software Logistics Network Optimization Software Cost Reduction 52

FreightWaves SONAR

MARCH 22, 2021

For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days. For example, if there is a darker red shading, you can expect that the shipping rates for space in a truck will also elevate on a cost per mile basis. Sign up for a demo here or by clicking the button below. .

Capacity 98

Capacity Price Reduction Demo Cost Reduction 98

WorkWave

SEPTEMBER 18, 2024

Clearly detail the reasons for the price increase, such as rising operational costs or investments in advanced pest control technologies. Common reasons include rising costs of materials, operating costs and expenses, and the need to maintain profitability. Get Started With Pest Control Software!

Price Reduction 52

Price Reduction Material Savings How To Cost Reduction 52