FreightWaves SONAR

APRIL 2, 2021

(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. And as mentioned, that TMS data becomes a key SONAR data source.

Purchasing Skills 98

Purchasing Skills Optimal Sourcing Sourcing Data 98

FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. Advancements in tender data science and paid market data now power SONAR SCI (Supply Chain Intelligence) Lane Acuity Plus.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

FreightWaves SONAR

MARCH 8, 2021

This means that the industry continues to move in the direction of improved shipping technology. The abundant data sources can make the process of assessing the market more difficult than necessary. Shippers and carriers should make more definitive decisions in selecting their data sources.

Sourcing Strategies 98

Sourcing Strategies Optimal Sourcing Sourcing Data 98

FreightWaves SONAR

DECEMBER 29, 2020

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 Design Software 98

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Software 98

EazyStock

APRIL 28, 2022

What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supply chain optimization best practice. Increase technology to improve forecast accuracy.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Optimization Software 52

EazyStock

APRIL 28, 2022

What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supply chain optimization best practice. Increase technology to improve forecast accuracy.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Optimization Software 52

Locus

JULY 24, 2023

Retailers should find ways to optimize truckloads to reap benefits. How do we optimize these loads? Shippers need to leverage automated and intelligent solutions to truly optimize the supply chain and impact the bottom line in a positive way. However, trucking industries have many business models they operate by.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Optimization Modeling Resource Reduction 52

Locus

APRIL 3, 2023

An effective logistics solution is critical for optimizing supply chain efficiency, reducing costs, improving customer satisfaction, and supporting sustainability goals. This article will provide easy insight into the world of logistics management—from the key components and challenges to tips on optimizing it for your business.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 52

FreightWaves SONAR

MAY 7, 2024

For shippers, the approach to transportation procurement is evolving. This approach is cumbersome and fraught with challenges such as limited visibility, inefficient data management and difficulties in bid analysis. This not only makes the process more efficient, but also reduces the likelihood of errors and enhances productivity.

Optimal Sourcing 64

Optimal Sourcing Optimization Software Supply Chain Software Procurement 64

Log-hub

OCTOBER 1, 2024

3 min read Up to 15% cost savings and boosted service levels with data-driven inventory management tailored to users’ unique demand patterns. Log-hub is expanding its portfolio with the new Inventory Optimization App , a powerful tool designed to streamline inventory management while reducing costs.

Optimal Sourcing 40

Optimal Sourcing Inventory Reduction Cost Reduction Inventory 40

Locus

JULY 24, 2023

If done right, load matching means better resource optimization, cost reduction, streamlined operations, and ultimately, happy customers and businesses. It strives to find the most cost-effective carrier that meets the load requirements and delivery constraints , contributing to overall cost reduction and improved profitability.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Optimization Software Optimization 52

FreightWaves SONAR

MARCH 15, 2021

This is particularly true for truckload shipping procurement. The problem looms large for shippers and managers across the supply chain network, but the answer is out there – better utilization of smart data and automated processes. Read on to see how these innovations can help with truckload shipping procurement.

Optimal Sourcing 72

Optimal Sourcing Procurement Negotiating Skills Capacity 72

FreightWaves SONAR

MARCH 9, 2021

And it’s important to understand how improvements in drayage planning , considering TEU activity as shown in the Top Imports by Consignee app within the Ocean Shipments Report in FreightWaves SONAR, amount to proactive supply chain management. They further depend on multimodal transport and optimized routes to transfer goods.

Supply Chain Planning Software 98

Supply Chain Planning Software Scenario Planning Data Optimal Sourcing 98

FreightWaves SONAR

APRIL 5, 2021

Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Tracking market trends within truckload rates relies heavily on data and analysis. Data-driven insights provide a rubric for guiding RFP processes.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

FreightWaves SONAR

APRIL 16, 2024

(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. And as mentioned, that TMS data becomes a key SONAR data source.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Data 52

Freightos

MARCH 12, 2024

More Resources Home March 12, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices fell 20% to $3.97/kg

Negotiating Skills 127

Negotiating Skills Optimal Sourcing Demo Data 127

FreightWaves SONAR

MARCH 22, 2021

Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

FreightWaves SONAR

JANUARY 21, 2021

The needs to improve fleet asset utilization and to maintain better control over trucking costs are absolute. Improving the t ransportation networks and enhancing fleet asset utilization can be challenging. They become essential to improving asset utilization within the shipping supply chain. Download the White Paper.

Data 98

Data Sourcing Strategies Tips Optimal Sourcing 98

FreightWaves SONAR

MARCH 30, 2021

Maintaining good compliance to these informational guides is critical to supply chain management and relies heavily on current data and automation. Missing data amounts to inevitable routing guide failures Data is king in today’s ever-changing market, and it is only becoming more vital for supply chain operations and management.

Compliance 98

Compliance Supply Chain Software Supply Chain Planning Software Data 98

Freightos

JANUARY 15, 2024

Despite this, there’s a wave of optimism for 2024 sweeping across importers and exporters. About 46% of importers expect demand to stabilize, and 41% even anticipate an improvement. This optimism is buoyed by the fact that 55% of importers have their inventories in check, anticipating a stronger freight demand in the coming year.

Negotiating Skills 127

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 127

FreightWaves SONAR

FEBRUARY 23, 2021

Data and freight analytics platforms play a pivotal role in freight forecasting. Obviously, the ability to improve truck and trailer order forecasting offers excellent value for carriers. Data and analytics platforms assemble and organize data for meaningful, actionable use.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Logistics Network Optimization Software 52

EazyStock

DECEMBER 13, 2020

Optimize Inventory. Having a transparent and detailed account of what inventory you are currently holding will help you optimize your inventory levels while allowing you to be responsive to market demand. Improve Demand Forecasting. Start with a detailed overview of what inventory is currently in your supply chain.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Freightos

NOVEMBER 15, 2023

More Resources Home November 15, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Freightos Air Index data shows China – N.

Price Reduction 118

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 118

FreightWaves SONAR

NOVEMBER 16, 2020

“What’s the best way to use data to beat your competition as a freight brokerage business?” That’s regardless of whether it’s an asset-based broker or just someone who works with a company to source capacity. Nevertheless, it all adds up to a greater demand for integrated systems and real-time data. Download the White Paper.

Modeling Software 106

Modeling Software Logistics Network Optimization Software Supply Chain Software Data 106

FreightWaves SONAR

MARCH 16, 2021

Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. That information then leads to improved rates, capacity, and several other benefits. These accurate depictions of the market come from the tracking of data.

Expense Reduction 93

Expense Reduction Price Reduction Data Capacity 93

FreightWaves SONAR

NOVEMBER 9, 2020

Transportation optimization is the new standard for efficiency. According to Greg Siefkin of Material Handling & Logistics , “Forward-thinking supply chain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs. Supply chains are continually advancing.

Optimization Software 78

Optimization Software Data Freight Optimal Sourcing 78

Freightos

DECEMBER 13, 2023

More Resources Home December 13, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 7% to $5.88/kg

Negotiating Skills 117

Negotiating Skills Optimal Sourcing Price Reduction Vendor Strategies 117

Freightos

NOVEMBER 7, 2023

More Resources Home November 7, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices increased 21% to $5.72/kg

Negotiating Skills 133

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 133

Freightos

JANUARY 16, 2024

More Resources Home January 16, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices increased 91% to $3.55/kg.

Negotiating Skills 117

Negotiating Skills Optimal Sourcing Demo Data 117

FreightWaves SONAR

MARCH 25, 2021

Routing guides are a universal source of carrier freight tendering and action. However, the routing guides can be much more clearly defined by thinking about how they apply to overall shipper stability and why consideration of market volatility data and analytics are critical to understanding service levels.

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

The Logistics of Logistics

MARCH 14, 2023

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 SOC Compliance?

Compliance 195

Compliance Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 195

WorkWave

JUNE 27, 2024

Data from the Bureau of Labor Statistics (BLS) shows that the demand for heavy and tractor-trailer truck drivers is expected to grow by 2% from 2021 to 2031, yet the supply is not keeping pace. Route optimization also helps reduce fuel consumption and maintenance costs, contributing to the overall profitability of the business.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

Logistics Viewpoints

FEBRUARY 17, 2025

To improve their operations, they installed autonomous mobile robots in their warehouse. A big part of the value proposition for AMRs is improved picking efficiency. Outfitters expertise, along with these data-driven insights allow customers to find their best-fitting footwear. Mr. Pendola admitted he was one of the skeptics.

Optimization Software 73

Optimization Software Optimal Sourcing Logistics Network Optimization Software Supply Chain Software 73

FreightWaves SONAR

FEBRUARY 11, 2021

Digital freight matching is growing more valuable as a way to source meaningful capacity Companies and freight managers that have embraced digital technology and automation remain more likely to thrive. And it has opened new channels for capacity procurement. Request a SONAR Demo. It’s that simple.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Supply Chain Planning Software Optimization Software 98

WorkWave

JUNE 17, 2024

Search Engine Optimization (SEO) Search engine optimization (SEO) is the practice of enhancing a website’s visibility and ranking in search engine results. A significant aspect is optimizing website content with specific keywords. Manage a variety of business tasks while also growing your business.

Optimal Sourcing 96

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 96

FreightWaves SONAR

JANUARY 5, 2021

And demands for 2021 already reveal strife in procurement in the shipping industry and visibility through all operations, including carrier troubles. And learning from that distribution data can teach carriers precisely what to do and what not to do during this crucial delivery time. Download the White Paper.

Trends 105

Trends Optimal Sourcing Supply Chain Software Supply Chain Planning Software 105

Freightos

DECEMBER 6, 2023

More Resources Home December 6, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Freightos Air Index data show that China – N.

Negotiating Skills 118

Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 118