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Image source: Pexels | 7 Cost-Saving Tips Every Supply Chain Manager Should Know Managing costs effectively is crucial for success in the competitive supply chain world. Cost Saving Tips for Every Supply Chain Manager 1. Solution: Use data-driven forecasting to predict demand as accurately as possible.
In a recent Forrester study, they found the problem to be poor quality data. Digitization is your friend, but quality data is your foundation. A leading Telecom provider realized they had an untapped source of revenue in used handsets so configured their sourcing tool to run forward auctions, generating tens of millions in new revenue.
Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk.
They share amazing driver stories, talk about what’s going on in the news, and most importantly, give listeners the resources and tools they need to accelerate their driveaway career to that of a six-figure trucker. In each episode, the hosts interview one of the industry’s most successful driveaway truck drivers.
Here are some actionable tips to help you save money on freight shipping. Freight data shows that businesses that schedule shipments early can save an average of 18% on rush shipping fees. Leverage Technology for Smarter Shipping Decisions Smart shipping decisions come from smart tools.
Here are 10 shipper of choice tips to help enterprises secure capacity and improve relationships with carriers, not to mention transportation brokers. Another of the shipper of choice tips is that an enterprise must stand out from its competition. Respond to issues, deviations and problems with data.
Tips For Building Supply Chain Resiliency. Utilize a TMS That provides real-time data to remain agile. Many companies rely on data that may lag several days. Look for a TMS or a managed transportation services provider with the technological capability to provide real-time data to drive optimized decision-making.
Outdated technologies limit data accuracy Data is critical for fleet management and safety, with 52% of respondents already sharing data with partners to improve safety standards. AI-driven data: The key to safer, more efficient fleet operations Integrating AI tools into goods delivery processes offers significant benefits.
Today, Carl writes about his 5 tips for success Warehouse and Distribution center management. If you’re looking to improve operations and overall, successfully manage your warehouse or distribution center, consider these 5 tips. A good WMS system has a number of other useful tools for managing orders, inventory, and shipments.
Here are three tips to help guide you on how to be a successful freight broker and freight sales and ultimately, freight broker profit. . 3 Tips on How to Be a Successful Freight Broker. Most freight brokerages offer visibility, document management and payment tools for their customers and carriers. Bundling services.
Email vs. Other Forms of Communication For many years, email has been the gold standard of communication tools for DTC businesses. Once the recipient clicks/taps through the email, tracking is handed off to another tool, such as Google Analytics. The downside? Consult this checklist if you’re unsure of compliance requirements.
Adapting to Seasonal Demands : Tips on how shippers can stay flexible, especially with rising demand in regions like Florida. The Role of Technology : How data, AI, and visibility tools are helping companies stay agile in an ever-evolving environment.
This month, we’re hosting a Data Visualization webinar with bestselling author Cole Nussbaumer Knafflic. Cole wrote the popular book “ Storytelling with Data ” and is also known for her blog. She also works with organizations and individuals to help them become more effective data storytellers through workshops.
With the right packaging, strategy, and tools, you can cut shipping costs by as much as 60%. Start with shock testing to gather data about your normal shipping routes. But you can exercise more control over shipping and cargo damage than you might be aware as long as you have the right tools at your disposal.
Continue reading below to find out how to be prepared for liability by following these management tips. However, these tools are useful for new drivers so they won’t develop bad driving habits. For instance, GPS data helps you keep track of trucks and alert you when things go wrong.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.
A confident, data-driven trucking RFP undertaking can make a big difference in freight spend. It’s because enterprise shippers are turning to new intelligence tools, such as SONAR SCI , to conduct a freight spend analysis to maximize contract freight use and allocation. View SONAR SCI - A Contract RFP Tool. Request a SONAR Demo.
Here are some preparedness tips for already contracted in-person events: Collect data : Survey your audience. Here are some tips for hosting a successful virtual event: Turn on your webcam : There is no better way for the audience to feel connected to you than by seeing you in real-time.
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.
Trucker Tools and SONAR have partnered for some time to deliver real-time dry van rates directly inside Trucker Tools’ Smart Load Board. While this integration was a step forward in rate transparency, it didn’t address the complexities of flatbed freight, an important sector for both Trucker Tools and the industry.
These days we’ve got much better tools for the job, but the goal’s still the same: getting your deliveries to the right place, at the right time, without driving your costs through the roof or running your drivers into the ground. KPI dashboards and reporting: This is linked to tip #3 above.
A small company may think an ERP system is expensive, but how much time and money are you wasting due to manual processes, double entry of data, too much/not enough inventory, expediting, and delayed order to cash cycles? Critical modules should be introduced first where you would most benefit, such as for financial data, etc.
Before rolling up your sleeves and diving in, we thought we’d share some of our top tips to help you be successful. This is the perfect opportunity to also emphasize how what they will be doing in the system relates to what others are using and the importance of accurate data.
It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.
Route Optimization Overview AI-powered route optimization analyzes multiple factors, like traffic patterns, weather forecasts, and delivery data, to create the most efficient routes in real time. Pro Tip Use predictive analytics to forecast upcoming delivery surges. That way, you can plan routes and resources before the rush hits.
This month, we hosted a Data Visualization webinar with bestselling author Cole Nussbaumer Knafflic. Cole wrote the popular book “Storytelling with Data” and is also known for her blog. She also works with organizations and individuals to help them become more effective data storytellers through workshops.
The following tips will give you a few ideas you can use in your efforts, so you can get things rolling: Designing a flawless business plan. Ensure your business plan has the backing of images, charts, graphs and more statistical data you can use to bring it to life. What tips would you offer for better freight management?
This struggle can finally come to an end through the use of modern analytics and data management. Using analytics and data-driven tools , carriers can find more loads and avoid consequential expenditures, such as empty miles. . Carrier revenue benchmarking metrics make for a great reference tool for any carrier.
Industry benchmarking data that aggregates key performance drivers across the pest control industry to drive meaningful business growth. Users will respond to requests quicker, identify new customers and close more deals using all of today’s most effective tools. Attendees will also find information on WorkWave’s: .
Therefore, enterprises need to know how to apply transportation data to increase on-time shipping performance. . Aggregate data from beyond the four walls of your business. Yet all benchmarking begins with access to the right supply chain data. Augment on-time shipping performance with freight data at your fingertips.
Additionally, most planning tools fail to incorporate the abstract data that’s required for this stage. How can you account for new products that don’t exist in master data? Often, demand planners are located in supply chain, where there is more data affinity. Watch the webinar on demand for more tips and best practices!
How are these advancements improving the way data is shared in ocean transportation? Andrew explains that, “Due to regulatory changes, every truck has to have an [ELD] device for tracking data. This data is collected via APIs, eliminating the need for EDI transactions. Timely data is an important factor enabling them to do that.
Today we bring you email tips for manufacturers and other industrial companies in order to continue the spirit of giving best practices to manufacturers and the industry at large in order to have a more effective company overall. Email marketing is a powerful tool for growing and developing different types of businesses.
Motivated by how many tips I could get, I hated when it would rain for a week straight in the summer because very little ice cream would be sold, and the tip jar would stay empty. Looking back on that week of straight rain in August, not only were my tips affected, but the data for future forecasts was as well!
For added ammunition, your argument should be supported by measurable data points. Through precisely curated documentation, management can see clearly defined data that identifies the strengths and weakness of the company’s environmental, health and safety programming. But how do you document that mountain of EHS data?
Of all the various freight broker sales tips, setting the hook is essential for getting and keeping a prospect’s attention. . 7 freight broker sales tips for building the hook. #1: Setting up Google alerts on prospects is a simple but fantastic tactic in this list of freight broker sales tips. 3: Freight data.
Supply Chain Optimization Tips | Image Source: Flickr A company’s supply chain is made up of players at various levels and diverse logistical components, each of which plays a crucial role. Specifically, supply chain training will make it simple for your staff to use the many technical tools they use on a regular basis.
Here are our expert tips for strengthening your operations in preparation for a potential recession through more intelligent budgeting and reevaluated data-driven operation improvements. Tip 1: Save with Benchmarking. Tip 2: Make Flexible Shipping a Premium Service. Tip 3: Regiment Shipping Lead Time.
Four Food Logistics Tips to Keep Perishables and Foods Safe During Transit It’s vital that food shippers make certain transportation methods are safe, secure and reliable. Here are some quick food logistics tips to help you get things in order. Big data, AI and machine learning platforms can help automate the process nearly in full.
Accuracy is enhanced by pick-face design, slotting, systems such as Radio Frequency Data Terminals, Pick to Light and Pick to Voice. Warehouse Order Picking Tools To make the order picking process more efficient, accurate and productive you can use: Barcode Scanners and Printers: For tracking and verifying items during picking.
And, according to the latest data from the freight indexes, spot rates are as much as 100% more than this time a year ago. 5 Tips for Finding the Capacity You Need. Karen started her career having invented the NETSYS Performance tools at NETSYS Technologies, Inc., How did we get here? Deploy new technology to help find capacity.
According to Trucks.com , “While commercial truck fleets can competently operate hundreds to thousands of vehicles, collecting and interpreting truck data is still a new process for many. Get Real-Time Data and Insight Into All Shipments. Identify Opportunities for Improvements Through Uses of Big Data Trucking Company Analytics.
Relying solely on manual shipping data analysis continues to yield poor results. The old ways of recording, processing and responding to analytical data need a streamlined approach. The old ways of recording, processing and responding to analytical data need a streamlined approach. New ways must be adopted.
The good news is that fraud management tactics and tools are making it easier to prevent, catch, and combat ecommerce fraud. Today we’re going to examine some of the more common types of payment fraud, and the tactics and tools that ecommerce brands can use to stay ahead of the problem. In 2023 alone, ecommerce fraud (a.k.a.
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