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At one of the demo booths, what stood out was the ability of the procurement solution to track savings leakage over the course of a contract. I have been to other vendors’ procurement conferences and cannot recall seeing similar functionality. However, SAP has a broader suite of collaboration solutions than other vendors.
Establishing a practical freight routing guide helps outline essential rules of engagement for vendors, clients and supply chain managers. Maintaining good compliance to these informational guides is critical to supply chain management and relies heavily on current data and automation. Download the White Paper.
Supply chains are often very complex as they encompass all vendors, warehouses, retailers, and so on that bring a product to life and then to a customer. Blockchain’s tamper-proof nature eliminates any concerns over data validation, costs of managing data, time delays, and human errors.
Data represents an integral part of daily life for most people, and it is no different within the transportation industry. That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too.
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.
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 2% to $1.82/kg.
Youve prioritized TMS capabilities, analyzed vendors, and sat through several system demos. If the TMS integrates with your companys OMS or account software, you can drastically reduce the time it takes to process an invoice. All this will help guide the data requirements that support an AP integration of the TMS software.
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?
When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Without hard data, you can’t take action. When enterprises try to act in the absence of data, they are usually guessing and won’t get the results they need.
Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. Exponential Growth of Data: We’re seeing an explosion in the amount of data available across the supply chain. Request a demo here or email info@mytmc.com.
Choosing the right capacity management vendor can be complicated. Here are some questions you can ask potential capacity management vendors to make sure they can help you design a comprehensive strategy that fits your organization’s needs. The promises made by the various solutions on the market are all similar.
Choosing the right capacity management vendor can be complicated. Here are some questions you can ask potential capacity management vendors to make sure they can help you design a comprehensive strategy that fits your organization’s needs. The promises made by the various solutions on the market are all similar.
More Resources Home November 28, 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. But despite reducing scheduled Asia – N.
We recently published , a blog post about how Parade is different from other capacity management vendors, but then we realized there were even more unique features that Parade offers their customers. Parade not only provides these key data points but also allows that data to be pushed to other programs to make audits and tracking easier.
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.
This is actually surprising; while some importers are concerned about the Red Sea delays, which would reduce available capacity due to longer transit times and turnarounds, many are concerned about too much capacity. Navigating the Storm: Strategies for SMB Importers in 2024 There is no golden ticket for solving these challenges.
The need for practical and applicable last-mile delivery in retail involves saving money and reducing the expenses associated with this vital yet often overlooked leg of the shipping journey. Proper management of final deliveries is critical for maintaining high profits and reducing operating costs.
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
With all the advances in technology and a continuous need to just do more with less, it’s imperative for shippers to start by assessing the quality of their basic data and analytics tools. The routing guide makes vendors responsible for using preferred transportation carriers or shipment instructions and yields value.
One that is integrated with TMS offers more value for customers and better leverage when negotiating contracts with additional features providing the latest data. Make sure that the data is reliable and as real-time as feasible. Transportation Management Software Systems (TMS) reduces overall hard and soft costs of transportation.
Unfortunately, interpreting the data received is never straightforward. Erratic behavior in said data can lead to inaccuracies and confusion for carriers if the activity fails to conform to set standards. Even worse, data that isn’t monitored amounts to lost opportunities for improved efficiency.
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. While essential for safety, these regulations reduce the number of active driving hours, necessitating more drivers to meet delivery demands.
A TMS is a software program that allows you to manage your entire supply chain, including your internal logistics department, suppliers, warehouses, carriers, vendors, etc. Without proper reporting from a TMS, it can be hard to gather data to determine which carrier was the cheapest throughout this past year. We understand.
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.
More Resources Home January 10, 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. China – N. Europe – N.
Tracking and managing transportation by understanding freight data, particularly tender rejections and a cohort of core analytics, is the only path forward. The first step in building a successful supply chain is to start with vendor sourcing. Why actionable and insightful freight data, not more raw data, creates strategic value.
Telematics refers to the integration of telecommunications and informatics to transmit data over long distances. In the context of last-mile delivery, telematics involves the use of GPS technology and onboard sensors to collect and transmit real-time data about vehicles, drivers and their activities.
Reducing Latency with Logistics Process Automation. Here are a few processes we’ve identified that contribute to an organization’s latency: Re-keying data from documents into systems. Document Automation — Many companies rely on employees to do data entry, document processing, shipment tracking, and invoicing.
Let’s teach you what each index is and what trucking KPIs are built using the data within the freight indices. . Maintenance expenses include all internal (shop labor, parts, supplies and tools) and external (outside vendor parts, labor and supplies) expenses. Maintenance Expense per Mile (MAINT). Miles per Truck per Week (MILTR).
More Resources Home February 22, 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 decreased 7% to $3.65/kg
The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. As core sections of economies around the globe shut down, manufacturers and vendors found themselves in a precarious position. HOW MUCH DO PAPER AND PACKAGING COMPANIES SPEND ON TRANSPORTATION?
It’s high time retailers, e-commerce platforms, 3PLs, FMCGs, and other logistics players in the US turn to cutting-edge logistics software to tackle the hurdles of this burgeoning industry. But what exactly constitutes cutting-edge logistics software? Descartes allows businesses to consolidate and manage supply chain data.
From selecting the right suppliers to fostering strong partnerships, this guide will provide valuable insights and strategies for field service organizations looking to enhance their supplier relationships. It involves effectively collaborating with vendors to ensure a reliable and high-quality supply chain.
More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue. Europe prices decreased.
The integration of real-time data and analytics into contract structures is not just innovative—it’s becoming essential. In essence, the journey towards digitalized, data-driven freight contracting is both a challenge and an opportunity. Join the conversation during our webinar on Thursday or visit us at TPM.
We are excited to announce that Locus has been mentioned as a Representative Vendor in the 2024 Gartner® Market Guide for Last-Mile Delivery Technology Solutions (LMD). Recently, Locus was also recognized as a Representative Vendor in the 2024 Gartner® Market Guide for Multicarrier Parcel Management Solutions, 2024 (MCPMS).
With more easily accessible data and bookings, alternatives to, yes, historically alternative routes suddenly become far more viable. Despite the higher initial sea freight cost to the United States, this combination can ultimately deliver overall savings of 34 cents per kilogram when compared to Dubai…and a two day reduction in transit time.
More Resources Home December 28, 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. China – N. Europe – N.
It’s not technically a feature, since it’s more of an alternative configuration of the program, but it definitely deserves the spotlight since it gives the power of capacity management to freight agents, something that’s , unique amongst capacity management vendors. How Can Freight Agents Benefit from Parade?
The Gartner Magic Quadrant recognizes vendors upon two criteria: completeness of vision and ability to execute, helping shippers visually compare vendor options and analyze how each provider aligns with their business goals. Turn data into actionable insights. Instead, they’ve become pillars of modern supply chain strategy.
As a pest control business owner, you’ll also get tips on managing costs effectively while maintaining service standards, plus smart pricing strategies to keep your bottom line healthy. Calculating it accurately can help you make informed decisions about pricing, cost-cutting measures and growth strategies.
In addition to the optimization of workflow to gain more speed in business, automation is ramped up to reduce operational costs, collaboration is enhanced, logistics service providers can more confidently provide real-time visibility, and pivot from reactive to proactive management by exception to prevent excessive costs. Consider this.
(Graphics created by Emily Ricks) The shipper tech stack is continuously expanding, and according to Transportation Impact , “Key to all these new capabilities is data interoperability. Real-time collaborative alert management system No system reaches maximum potential when operating from old and outdated data.
Post this development, every retailer thought strongly about implementing an omnichannel strategy for their business to acquire more customers. Locus provides real-time post-delivery data to leverage as insights so that you can build a foolproof shift plan to accommodate orders and deliver on time. Why choose Locus?
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