FreightWaves SONAR

APRIL 6, 2021

Figuring out how to improve annual request for proposal (RFP) bidding strategies remains elusive for many shippers, especially in the context of knowing when to expand the network to leverage freight consolidation. And it’s important to realize how that process can affect annual RFPs and mini-bid activity.

Cost Reduction 78

Cost Reduction Price Reduction Strategy Freight 78

FreightWaves SONAR

FEBRUARY 5, 2021

(Graphics created by Emily Ricks) Carriers frequently find themselves frustrated when costs eat away at their profits and they have limited pricing visibility. Financial losses or declining profitability certainly make cost-cutting a priority. Financial losses or declining profitability certainly make cost-cutting a priority.

Expense Reduction 105

Expense Reduction Cost Reduction Price Reduction Waste Reduction 105

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

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WorkWave

JUNE 17, 2024

Generating more leads is a key strategy for increasing revenue, expanding market reach, and establishing a strong reputation in the industry. Digital marketing has emerged as an essential strategy to effectively promote products and services online. Email marketing is an effective pest control lead generation strategy.

Optimal Sourcing 96

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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

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The Logistics of Logistics

DECEMBER 15, 2022

Using VRS helps reduce fuel costs, improve operational efficiency and increase delivery speed. How to get your copy of the Gartner® Market Guide. Schedule a OneRail demo to see how our platform tailors a solution for your specific supply chain workflow needs.

Gartner 195

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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

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Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. This delicate balance aims to achieve two vital objectives: maximizing sales while minimizing costs. This equates to more profits in the pocket.

Inventory Reduction 52

Inventory Reduction Cost Reduction Resource Reduction Waste Reduction 52

FreightWaves SONAR

MARCH 2, 2021

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. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.

Analysis 98

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FreightWaves SONAR

DECEMBER 8, 2020

Therefore, enterprises need to know how to apply transportation data to increase on-time shipping performance. . Get your team on board with new strategies. Business leaders should work to share new strategies and process improvements with all staff. Reduce dock delays. Request a SONAR Demo.

Data 82

Data Resource Reduction Cost Reduction How To 82

Ship Monk

SEPTEMBER 14, 2022

By value , we mean how much that inventory cost to make or purchase, plus how much it’s costing you to store it. For an eCommerce business, inventory is your most valuable asset (at least in terms of bookkeeping) and also one of your largest costs. How to Calculate Beginning Inventory.

Inventory Reduction 98

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 98

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Supply chain strategies have come into the spotlight as volatile demand and complicated global markets have made supply chains more complex.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

MTS Logistics

JUNE 24, 2022

In this case, you will reduce the cost of transportation and printing. Since a physical copy of the BL is required to release cargo, printing and courier costs occur at this stage. Hapag-Lloyd recently announced the demo of e-bill of ladings that have been used in recent months.

Document 105

Document How To Cost Reduction Cargo 105

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.

Material Savings 92

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Trinity Logistics

FEBRUARY 5, 2025

Lets uncover the exact challenges many businesses face and learn how to transform them into a smooth and efficient operation you’ll love. How do you know if your carriers are reliable? Or whether your shipping costs are hurting or helping your revenue? This makes measuring the success of your logistics difficult!

Supply Chain Planning Software 71

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Supply Chain Software 71

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. But the gravest cost? In the business world, a missed delivery mirrors this missed catch.

Expense Reduction 64

Expense Reduction Cost Reduction Resource Reduction Strategy 64

WorkWave

NOVEMBER 6, 2023

In this blog post, we will delve into the intricacies of order management, the role of an Order Management System (OMS), what happens after checkout and how to master your order management strategy with the help of cutting-edge order management systems and order management software. What Is Order Management?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Ordering 52

Log-hub

DECEMBER 8, 2023

But since you’re here, this must be the question you are asking yourself, and we’ll try to dig deep into the topic, helping you overcome the transportation costs obstacles. We witnessed a significant increase in the transportation costs. Vehicle initiation costs have increased by 50% in year 2023.

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FreightWaves SONAR

MARCH 23, 2021

And rather than waiting until things go wrong, shippers, carriers and brokers can apply these seven last-minute thoughts can help bring to light what strictly a business should focus on and how to apply predictive rates to measure the likelihood of improved operations. Request a SONAR Demo. Request a SONAR SCI Demo.

Resource Reduction 98

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Log-hub

FEBRUARY 26, 2025

By transferring fleet management responsibilities to third-party providers, organizations can save money, reduce administrative burdens, and potentially improve efficiency. One of the most compelling reasons to outsource fleet management is cost savings. Why should you outsource Fleet Management?

Outsourcing 40

Outsourcing Optimization Software Cost Reduction Resource Reduction 40

AIMMS

MARCH 30, 2020

The examples below show you how to do this in AIMMS SC Navigator Apps, but we encourage you to study these scenarios in the tools you have at your disposal. . Demo in Network Design Navigator . There will most likely be a reduction in labor hours as fewer people will work in a closed, crowded environments.

Supply Chain Design Software 139

Supply Chain Design Software Supply Chain Planning Software Scenario Planning Supply Chain Design 139

FreightWaves SONAR

APRIL 7, 2021

USA, VOTRI.USA, TSTOPVRPM.USA Truckload carriers have continued to struggle to provide consistent coverage through the first quarter of 2021, and in return costs have increased. The traditional strategy of relying on leverage will probably not work as well this year. Request a demo by clicking the buttons below.

Negotiating Skills 98

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Locus

JUNE 23, 2023

So, knowing more about order fulfillment, its importance, process, and strategies is critical. A loyal customer with word of mouth brings in more customers, and they minimize the cost of acquiring new customers. So, order fulfillment is critical for businesses to provide customers with cost-effective, timely, and delightful deliveries.

Inventory Reduction 52

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Ship Monk

MARCH 23, 2023

Today, we’ll cover what it means to have an inventory discrepancy, the most common causes, and how to avoid them. Either way, you need to know how many you have, so you don’t run out unexpectedly, or pay too much in holding costs for overstock. What is an Inventory Discrepancy? Here are some places to start.

Inventory Reduction 98

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RPA Labs

NOVEMBER 3, 2020

Although it can sound daunting, automating simple tasks within your organization can save 40% or more in operational costs. Reducing Latency with Logistics Process Automation. Benefits of Automation: Error Reduction: Our error rate is 0.1% Benefits of Automation: Error Reduction: Our error rate is 0.1%

Automation 55

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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

FreightWaves SONAR

MARCH 17, 2021

That’s where SONAR SCI Lane Acuity can add the most value and prepare enterprise shippers for true, future-ready bidding strategies. Lane Acuity helps you know how difficult it is to cover loads for a given lane and using that information to your advantage in bidding and day-to-day operations. Request a SONAR Demo.

White Paper 98

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FreightWaves SONAR

FEBRUARY 10, 2021

To help carriers learn how to apply and deploy data more effectively, this white paper will explore: The uses of data to allocate and manage assets. How carriers create data-driven pricing strategies. The advantage of predictive rating tools to manage and maximize RFP efficiency and cost alignment. Request a SONAR Demo.

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Locus

MAY 20, 2024

This fulfillment method cuts down delivery costs of serving customers especially in dense cities. In a way, this model is a win-win as it saves return logistics costs for retail businesses. How to Improve Fleet Utilization? Read Also: Big and Bulky Retail Shipments – Seamless Delivery Regardless of Size 7.

Inventory Reduction 98

Inventory Reduction Logistics Network Optimization Software Cost Reduction Optimization Software 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

Trinity Logistics

MAY 10, 2023

Could your company be wasting money on a logistics strategy that doesn’t work? Logistics optimization strategies such as improving your load planning processes can be an effective way to reduce freight costs by as much as 10 to 40 percent. Learn how Trinity's TMS helped Pompeian increase efficiency and reduce costs.

Supply Chain Planning Software 109

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Supply Chain Software 109

FreightWaves SONAR

MARCH 26, 2021

Lower total transportation cost. These include: Risk of higher freight spend through waiting costs. Higher infrastructure and equipment cost. Inability to compare costs of intermodal versus truckload. Request a SONAR Demo. Request a SONAR SCI Demo. Increased overall safety during transport.

Freight 97

Freight Cost Reduction Demo Tracking and Tracing 97

WorkWave

JULY 11, 2024

A significant impact on reducing landfill contamination. This helps to prevent the accumulation of hazardous materials and reduces the risk of groundwater and soil contamination. Without adequate funding, it can be challenging to cover the initial costs and ongoing expenses associated with the waste management industry.

Waste Reduction 52

Waste Reduction Waste Cost Reduction Expense Reduction 52

FreightWaves SONAR

JANUARY 25, 2021

Freight management companies and partners can remain unsure of how to attain or utilize meaningful, actionable freight data. . The problem with the growing demand for free shipping is that these services still cost money. Click the button below to request a FreightWaves SONAR demo. Request a SONAR Demo.

Price Reduction 86

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FreightWaves SONAR

APRIL 5, 2021

Enterprise shippers naturally want to secure the most cost-effective capacity for their freight loads. When enterprise shippers know how to prepare for and predict contract truckload rates accurately, they are more likely to find success with their RFP bids. How to use data to absorb market volatility and manage freight proactively.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

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