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With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The result is improved efficiency and profitability for both carriers and shippers – along with significant environmental benefits.” Download the WhitePaper.
But transportation optimization , knowing when to tender freight, take advantage of company-owned assets, and outsource are other issues. The world of transportation sourcing and management is only getting more complicated. The first step in building a successful supply chain is to start with vendor sourcing.
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.
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. Download the WhitePaper.
(Pages 2-4) For example, SONAR data show that the freight market for inbound Detroit loads is highly volatile based on auto production trends – inbound Detroit loads should be less expensive when OEMs are sourcing a lot of components as assembly volumes ramp up. FILL OUT THE FORM BELOW TO ACCESS A COPY OF THE WHITEPAPER.
This is particularly true for truckload shipping procurement. Read on to see how these innovations can help with truckload shipping procurement. Shipping managers continue to struggle with capacity procurement during this time of industry-wide disruption . Truckload shipping procurement needs to include all legs of the trip.
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. Download the WhitePaper. And it has opened new channels for capacity procurement. Request a SONAR Demo.
Routing guides are a universal source of carrier freight tendering and action. In other words, a lack of insight into market-by-market and lane-by-lane analysis will amount to trouble in understanding what is going wrong and what is necessary to improve service levels. Download the WhitePaper. Request a SONAR Demo.
And demands for 2021 already reveal strife in procurement in the shipping industry and visibility through all operations, including carrier troubles. Download the WhitePaper. For those trying to obtain freight procurement, says Uber , volatility is the name of the game. Request a SONAR Demo.
Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Download the WhitePaper. Request a SONAR Demo. Request a SONAR SCI Demo. Often this means contracted volume is the way to go.
Knowing the lead time helps warehouse managers understand when to restock inventory, allocate drivers, source more capacity, and take other necessary steps. Download the WhitePaper. And the same functions can be used to improve relationships with asset-based freight brokers and other intermediaries. Request a SONAR Demo.
Obviously, the ability to improve truck and trailer order forecasting offers excellent value for carriers. When the data is collected and made more available and accessible, carriers and logistics service providers (LSPs) can improve trucking operation decisions. Download the WhitePaper.
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. Download the WhitePaper. Request a SONAR Demo.
With mini-bids, carriers have an opportunity to focus more time and resources on specific lanes, improving the balance of their freight networks. Weather issues and delays continue to be the most common source of fluctuation and disturbance to the modern supply chain. Download the WhitePaper. Think about it.
The problem: Shipping demand management includes a need to source capacity around the clock Capacity rules when it comes to keeping the supply chain moving and the trucks full. Sourcing capacity and load contracts require the constant attention of management. Download the WhitePaper. Request a SONAR Demo.
Checking incoming freight from the source is vital. Download the WhitePaper. Obtaining the correct freight data is crucial when it comes to optimizing the efficiency of your business. Request a SONAR Demo. Request a SONAR SCI Demo. This involves a couple of main things.
When the freight market meets expectations and is less volatile, it is easy for shippers and carriers to not look at inefficient processes or their transportation procurement strategy. Download the WhitePaper. Any strategy for improved freight management, execution, or load allocation must rely on real-time freight data.
Failures to understand the severity of the problem can quickly amount to massive waste across different sectors, particularly in transportation procurement and execution. . However, objective risk management implies seeing both the threats and opportunities to improve the supply chain. Download the WhitePaper.
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 WhitePaper.
Here are 10 shipper of choice tips to help enterprises secure capacity and improve relationships with carriers, not to mention transportation brokers. Improving dock efficiency times ensures drivers can get in and out quickly, which reduces delays in order fulfillment and transportation. Download the WhitePaper.
Shipment volume, capacity procurement and weight limits. Download the WhitePaper. Why technology improves routine guide compliance. Technology improves compliance in several critical ways. Request a SONAR Demo. Request a SONAR SCI Demo. Lanes the carrier typically runs and any related data.
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. Download the WhitePaper.
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. Download the WhitePaper. Request a SONAR Demo.
That’s regardless of whether it’s an asset-based broker or just someone who works with a company to source capacity. Download the WhitePaper. As analytics comb through data, freight brokerages realize more opportunities for improvement and lower their overhead expenses. Request a SONAR demo online to get started. .
Download the WhitePaper. This is particularly true when looked at in connection to routing guides and how lane management and contract procurement go. With improved end-to-end visibility and network transparency, all involved shippers and carriers can significantly reduce stock outages and inventory issues.
Moving and storing products requires technology that delivers more than standard visibility to optimize efficiencies for sustainability in areas such as decreasing dead mileage and time spent waiting to unload and load trucks at the dock. Communication between the driver, shipper, and 3PL aids in optimizing warehouse pick-ups.
Fortunately, that’s where and why many organizations are turning to less-than-truckload , also known as LTL, to source more capacity without the big-time commitments required for full truckload rates. Download the WhitePaper. Get started by requesting a FreightWaves SONAR demo by clicking the button below.
Download the WhitePaper. The next aspect involves figuring out how those steps turn into meaningful improvements within all operations. Without a source of data that is indicative of true market conditions, it is impossible to get a handle on the best steps necessary to achieve the best results. Request a SONAR Demo.
MHS, a single-source provider of material handling automation and software solutions, announces a new multi-part online experience scheduled to run October through November. Following each event, attendees receive exclusive access to supplementary resources like whitepapers, case studies and infographics to continue their experience.
Successful freight brokerages combine networking and business skills to add capacity through carrier sourcing to secure more customers’ loads. Download the WhitePaper. Market intelligence insights help managers improve the performance of freight broker resources, including frontline workers. Request a SONAR Demo.
Download the WhitePaper. Improved predictive analysis and projection with logistics automation data and insights. The inescapable value of improved, real-time data for insights Shipping managers can only make logical decisions when they have accurate data to apply. Request a SONAR Demo.
Start where it all begins – procurement. Procurement remains an oft-overlooked side of a freight spend analysis. Download the WhitePaper. These metrics, including warehouse KPIs , help companies achieve transportation optimization. That’s invaluable for sourcing more capacity and staying competitive .
There are many ways for shippers to take advantage of technology and advancements within the industry, but three key methods are essential for utilizing trucking data to source capacity. Download the WhitePaper. IMPROVED COMMUNICATION, COLLABORATION AND RESPONSE TIME BUILD RAPPORT WITH EVERYONE. of the total U.S.
We recently partnered with Keep Truckin, released a new whitepaper, launched the Delivery Experience Manager for Final Mile logistics, won the Blockchain Innovation Award at #DataccioConnect Singapore, queued up our next industry webinar, joined the United Nations Center for Trade Facilitation and Electronic Business (UN/CEFACT), and a lot more.
In our recent whitepaper , we discussed the growing importance of carrier utilization. Unlike other tools in the market, the Lane Signal considers an abundance of data from multiple sources, not just dirty data that flows through one system like other industry tools. Request a SONAR Demo. This will be key in 2021.
Effective transportation procurement depends on having an outlook to cost exposure, and analytics platforms need to ensure their predictions offer up accurate freight rate projections, measuring how well they align with the final, observed rate per mile. Download the WhitePaper. Request a SONAR Demo. USA and FWSR28.USA
For managers in the transportation industry, freight load pricing accuracy remains a source of confusion and disruption. Download the WhitePaper. Automation, big data and precise communications can help improve performance throughout the shipping supply chain. Click the button below to request a FreightWaves SONAR demo.
It seems like buzzwords like “going green, optimization and sustainability” keep getting thrown around. Download the WhitePaper. Look into the possibility of alternative energy sources. Improve shipment coordination for less fuel consumption. Improve logistics routing guides to ensure a focus on sustainability.
These activities include viewing current capacity and spot rates based on LTL shipment volume, sourcing quotes, and tracking shipments, as well as addressing and listing products. Service improvements. DOWNLOAD THE WHITEPAPER. See how your business can leverage technology to optimize your logistics.
This helps to realize fewer tender rejections, increases an understanding for requests for proposal (RFPs) bringing optimal deals, and improves lead time planning to secure capacity procurement. Download the WhitePaper. Request a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo.
Seizing control of freight and transportation spend can improve operating income by five to 10 percent, and boost stock prices by 10 to 20 percent, according to an Accenture study, From a Shipper’s Market to a Carrier’s Market. These functions must integrate easily into current logistics, invoicing , and procurement processes.
The most frequently cited technologies include transportation management scheduling (72%), transportation management planning (69%), transportation sourcing (51%), warehousing (51%), network modeling and optimization (45%), and the use of web portals for booking, order tracking, inventory management and billing (40%).”
Download the WhitePaper. Improved predictive analysis and projection with logistics automation data and insights. The inescapable value of improved, real-time data for insights Shipping managers can only make logical decisions when they have accurate data to apply. Request a SONAR Demo.
However, the application of such data does not necessarily translate into meaningful improvements within day-to-day operations. Download the WhitePaper. That includes sourcing raw materials, production facilities’ dock scheduling, warehousing considerations, and customer service through last-mile logistics.
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