FreightWaves SONAR

DECEMBER 1, 2020

The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freight data remain disparate and lack value. As reported by Brian Barry of Multichannel Merchant , it is simple: “Don’t try to write and enforce the ideal policy in one step. Request a SONAR demo today.

Purchasing Skills 100

Purchasing Skills Freight Procurement Analytics Optimal Sourcing 100

Trinity Logistics

AUGUST 3, 2021

Having a TMS for your supply chain can help provide your company with greater visibility, better reporting, and improved performance through automating many manual processes. There’s a big difference between purchasing software to use from a company and working with a 3PL that offers it as a solution. SCHEDULE A RISK-FREE LIVE DEMO.

Supply Chain Design Software 139

Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software Procurement Solutions 139

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. Customer relationship management systems collect and centralize all the important data about a business’ customers (and potential customers). Analytics tools help you test and measure ad performance and email click-throughs.

Optimization Software 105

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 105

FreightWaves SONAR

DECEMBER 15, 2020

A lack of data is the absolute villain in this scenario for brokers and all trading parties. Start where it all begins – procurement. Procurement remains an oft-overlooked side of a freight spend analysis. All forward and reverse costs should be considered within a comprehensive spend analysis. Download the White Paper.

Analysis 59

Analysis Procurement Analytics Optimization Software Optimal Sourcing 59

Trinity Logistics

MARCH 6, 2025

Youve prioritized TMS capabilities, analyzed vendors, and sat through several system demos. Additionally, any nuances surrounding the order entry process must be discussed regarding various order types (sales orders, purchase orders, transfers, etc.). Some data may live in other tables or a completely different system altogether.

Supply Chain Planning Software 62

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Procurement Solutions 62

FreightWaves SONAR

MARCH 4, 2021

Yes, the need for shipping demand analytics is not new and was echoed in 2013 by Industry Week , “Relying on traditional supply chain execution systems is becoming increasingly more difficult, with a mix of global operating systems, pricing pressures and ever-increasing customer expectations. That’s where data analytics comes in.”

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

FreightWaves SONAR

JANUARY 8, 2021

Carrier or trucking company performance management depends on the ability to collect and apply data to understand the real health of the business. Analytics-driven processes are the go-to strategies for all freight management parties that seek to increase profitability. That should sound extremely familiar.

Expense Reduction 104

Expense Reduction Freight Price Reduction Purchasing Skills 104

WorkWave

JUNE 17, 2024

GET A FREE DEMO 3) Improve Sales and Customer Service Improving sales and customer service is crucial for businesses looking to thrive and succeed in today’s competitive market. By analyzing this data, companies can optimize operations, improve efficiency, and increase their bottom line. Get Started With Pest Control Software!

Optimal Sourcing 96

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FreightWaves SONAR

FEBRUARY 15, 2021

There are five available indices that arm trucking business leaders with the data they need to build operational freight KPIs that keep abreast of exorbitant operating costs that are depressing profitability. That includes total fuel costs for purchasing rack diesel fuel price , fuel additives, diesel exhaust fluid and taxes.

Trucking 98

Trucking Expense Reduction Operations Purchasing Skills 98

FreightWaves SONAR

JANUARY 25, 2021

Let’s teach you what each index is and what trucking KPIs are built using the data within the freight indices. . 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. Maintenance Expense per Mile (MAINT).

Optimization Software 98

Optimization Software Optimization Trucking Expense Reduction 98

FreightWaves SONAR

JANUARY 5, 2021

While descriptive analytics can help carriers understand what happened, knowing when to refuse loads or charge a higher cost can be difficult. Quite simply, it costs money to ship freight and the amount can vary significantly by region, zone, mode and more. Freight data reduces dwell time and load time.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

FreightWaves SONAR

JANUARY 27, 2021

In addition, e-commerce’s already strong secular trend accelerated through the period as the nation stayed home while still purchasing goods for delivery, enhancing the outlook for final-mile delivery. The insights generated are the product of a deep bench of domain experts backed by the proprietary data and analytics housed in SONAR. .

White Paper 66

White Paper Procurement Analytics Freight Demo 66

FreightWaves SONAR

JANUARY 11, 2021

In this edition of “SONAR Indices & Insights,” the SONAR team showcases several truck driver indices full of transportation data to aid carriers in staying ahead of any potential truck driver shortage within SONAR, the freight forecasting platform from FreightWaves.

Trucking 97

Trucking Procurement Analytics Modeling Software Demo 97

FreightWaves SONAR

FEBRUARY 22, 2021

There are three indices that provide trucking leaders the freight and trucking data they need to build freight KPIs that keep abreast of revenue in specific granularities. For part-time, the counts are reported on a full-time-equivalent (FEL) basis. Benchmark trucking revenue and improve profits by purchasing and using SONAR.

Trucking 85

Trucking Procurement Analytics Demo Modeling Software 85

FreightWaves SONAR

FEBRUARY 8, 2021

When freight market participants are able to get a leading indicator instead of historical data, they are able to proactively plan for assets needed, capacity, and the potential price of freight for drayage and surface transportation moves that head to inland markets after ocean shipments go from the port to roads.

Outbound 98

Outbound Procurement Analytics Demo Freight 98

FreightWaves SONAR

DECEMBER 23, 2020

You can purchase a ring light for as little as $30. If you do need to present a demo, PowerPoint, or other material on a call, then you will need to use your laptop. The SONAR platform is the only freight forecasting and analytics platform that offers real-time freight market intelligence driven off actual freight contract tenders. .

Tips 96

Tips Video Freight White Paper 96

Locus

MAY 20, 2024

BORIS – Buy Online Return In Store BORIS is another omnichannel fulfillment model where consumers can return their previously purchased online orders at nearby physical stores. In a way, this model is a win-win as it saves return logistics costs for retail businesses.

Inventory Reduction 98

Inventory Reduction Logistics Network Optimization Software Cost Reduction Optimization Software 98

Locus

JUNE 24, 2024

.” The 2024 Market Guide noted that “New digitalization initiatives, the increasing adoption of e-commerce, and the need to optimize transportation costs to improve the end-consumer experience and increase brand engagement are some of the challenges LMD solutions must solve. Take a look at our demos! and internationally.

Gartner 52

Gartner Optimal Sourcing Optimization Software Vendor Strategies 52

FreightWaves SONAR

DECEMBER 9, 2020

For sheer volume, purchasing third-party leads are useful for most freight brokerages. FreightWaves SONAR provides the fastest freight market data in the world across all major modes of traffic – guiding those who are seeking how to be a successful freight broker. Request a SONAR Demo. 6: External lead lists .

Sourcing Strategies 105

Sourcing Strategies Purchasing Skills Sourcing Tips 105

FreightWaves SONAR

NOVEMBER 20, 2020

While following OS&D helps, it’s only a fraction of the true value of data-driven supply chain management. Total cost of goods sold The total cost of goods sold is among the most prominent and most influential metrics in supply chain management. Supply chain leaders need quantifiable and actionable metrics.

Supply Chain Design Software 66

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 66

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. Ending Inventory + COGS – Purchases = Beginning Inventory. Beginning Inventory + Purchases – COGS = Ending Inventory. Beginning Inventory + Purchases – COGS = Ending Inventory.

Inventory Reduction 98

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 98

Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. In 2021, a wide range of major product categories saw online purchase returns, with rates varying from 8% to 88%.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

FreightWaves SONAR

FEBRUARY 1, 2021

The indices are reported on a 14-day (Initial, 1) and 28-day (Final, F) lag on a national level. As stated earlier, each mode has two tickers, one for the initial report, which has less than 50% of the total volume and another final report which has more than 90%. Request a SONAR Demo. Van initial (14-day) – VCRPM1.USA

Negotiating Skills 75

Negotiating Skills Purchasing Skills Freight Procurement Analytics 75

FreightWaves SONAR

AUGUST 23, 2021

While that may be too soon to call, it’s clear that these are trying times for shippers and brokers that purchase ocean capacity. The data suggest that ocean congestion and service issues are not likely to be alleviated near-term. Request a SONAR Demo. Request a SONAR SCI Demo.

White Paper 52

White Paper Demo Procurement Analytics Data 52

CH Robinson Logistics

APRIL 29, 2021

While the industry has been undergoing a digital transformation for some time, the current environment is accelerating the need for supply chain leaders to invest in technology solutions like visibility, artificial intelligence (AI), and predictive analytics to drive better resilience, agility, and performance.

Gartner 62

Gartner Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 62

FreightWaves SONAR

NOVEMBER 23, 2020

The Operating Ratio (OPRAT) index provides total operating costs divided by operating revenue, which is derived from the Truckload Carriers Association (TCA) members and is reported on a monthly basis. While the truckload carriers submit 500+ points of data, only 31 are published in an aggregated basis inside of SONAR.

Operations 98

Operations Negotiating Skills Purchasing Skills Freight 98

Turvo

JULY 31, 2020

As further reported by DC Velocity , “Pennsylvania-based omnichannel technology provider Radial surveyed 1,000 consumers across the United States about their 2020 holiday shopping plans and found that, despite the pandemic, most do not plan to change their spending significantly or shop earlier compared to 2019. It is that simple.

Supply Chain Planning Software 61

Supply Chain Planning Software Supply Chain Software Resource Reduction Procurement Analytics 61

Locus

APRIL 13, 2023

Advanced analytical insights: With advanced supply chain analytics from Locus’ offerings, businesses can solve many inefficiencies, complexities, and bottlenecks that make their last-mile delivery expensive. It has saved $275 million in logistics costs and 10m + kgs in Greenhouse gas emissions. appeared first on Locus Blog.

Optimization Software 52

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

WorkWave

MAY 30, 2024

Performance management involves monitoring and evaluating suppliers’ performance against defined metrics and goals. Organizations may opt for outsourcing to leverage the expertise and resources of specialized suppliers, reduce costs, or focus on core competencies. Collaboration plays a crucial role in the success of SRM.

Negotiate Pricing 52

Negotiate Pricing Vendor Strategies Negotiating Skills Material Savings 52

FreightWaves SONAR

MARCH 12, 2021

As large volumes of open deck trailers became available for purchase through liquidation, prices became so low that carriers could return their investment on the assets within a few months. That leverage can still be achieved through proper carrier procurement. Request a SONAR Demo. appeared first on SONAR.

Purchasing Skills 90

Purchasing Skills Modeling Software Procurement Analytics After-sales 90

Ship Monk

DECEMBER 15, 2023

billion, according to Adobe Analytics , up 7.5% Will consumers be reluctant to use credit cards for holiday purchases? For the first time, mobile purchases have overtaken desktop purchases. Shopify reports that sales were up 24% compared to last year, with 61 million consumers shopping globally this year.

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

FreightWaves SONAR

AUGUST 25, 2021

While it may be premature to say Christmas is canceled, any company having to purchase capacity on the ocean is facing unprecedented pressure. The free white paper, Ocean shippers trapped in house of pain , highlights data impacting the maritime market, from the FreightWaves’ SONAR platform, as well as information from many other sources.

Maritime 52

Maritime White Paper Demo Purchasing Skills 52

FreightWaves SONAR

NOVEMBER 9, 2020

This week, learn how freight market participants, especially trucking carriers , rely on both the Ultra-Low Sulfur Diesel Rack (ULSDR) data index and the FUELS index to measure diesel fuel price volatility and to understand its impact on their operations and the freight market at large. What are the ULSDR data and FUELS indices?

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 52

Locus

JULY 10, 2023

Shockingly, according to a Gartner report, only 21% of companies boast a robust supply chain network that provides adequate visibility and agility. It’s crucial that supply chain managers receive data-driven insights into their logistics operations. After all, a demo could prove to be a valuable use of your time.

Optimization Software 52

Optimization Software Supply Chain Software Supply Chains Optimization 52

Locus

JUNE 24, 2024

Secondly, the advanced analytics and machine learning capabilities of Locus’ software enable businesses to make data-driven decisions, optimize routes , and reduce delivery times and costs. The company’s scalable solutions cater to businesses of all sizes, supported by a robust global presence.

Supply Chain Design Software 52

Supply Chain Design Software Logistics Network Optimization Software Optimization Software Supply Chain Planning Software 52

EazyStock

DECEMBER 13, 2020

Effective supply chain forecasting requires a mix of both quantitative forecasting (using historical sales data to predict future demand) and qualitative forecasting (using subjective opinions from sources such as industry reports or feedback from sales teams or customers). Prepare your Supply Chain for 2021 Challenges.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

WorkWave

AUGUST 4, 2024

NEMT software helps you run your medical business more efficiently with features such as scheduling, dispatching, reporting, and more. GET A FREE DEMO What advantages come with being a medical courier? This data-driven approach can help businesses make informed decisions to optimize their healthcare delivery operations.

Optimization Software 52

Optimization Software Logistics Network Optimization Software Purchasing Skills Buyer Training 52