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Within SONAR, the Outbound Tender Reject Index (blue) In early October eclipsed 5% for the first time since the Fourth of July holiday. At the same time, the Outbound Tender Volume Index (white) has yet to move meaningfully higher, despite record import levels. The post Prepping For The Retail Rush appeared first on SONAR.
Data-driven lane and contract management boost compliance rates Inbound and outbound freight logistics are both critical parts of the modern supply chain’s freight market , though each one has been managed quite differently. How those data-driven strategies and game plans are implemented makes all the difference in the world.
Leading metrics for tracking overall and market-specific activity include: Inbound and outbound load daily change rates, like the Outbound Tender Volume Index (OTVI) in FreightWaves SONAR. Freight market share over the last week, such as SONAR’s Outbound Tender Market Share (OTMS). Request a SONAR Demo.
In the image below, use the following as your guide to interpreting: Blue = outbound tender rejections for the Dallas market, which measure service, capacity and price. Green = outbound volumes (demand). It shows outbound volumes increasing and inbound supply decreasing. Capacity signals for the freight market.
Think about it: with outbound prospecting, requests from management, scheduled demos, and inbound calls, chaos can quickly work its way into your strategy, deeming a “speed wins” selling mentality downright ineffective. Efficient outreach strategy. The bottom line is that, in B2B sales, speed is useless without control.
The WRI combines outbound tender market share (OTMS) and the weekly change in tender rejection rates (OTRIW). For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days. Sign up for a demo here or by clicking the button below. . Request a SONAR Demo.
Chart of the Week : Van Contract Base Rate per Mile Initial, Van Outbound Tender Reject Index , Truckstop Average Van Spot Rate per Mile – USA SONAR: VCRPM1.USA, The traditional strategy of relying on leverage will probably not work as well this year. Request a demo by clicking the buttons below. Request a SONAR Demo.
However, AI can provide a pathway toward more proactive, responsive management strategies. Find out more about the possible insights that could help your business by requesting a SONAR demo online today. Request a SONAR Demo.
In the screenshot above, you can see that the outbound and inbound stability show scores of 29 out of 100 and 21 out of 100, respectively. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions. Carriers will be able to see inbound and outbound stability on specific lanes.
Lane Signal considers the following indices: Outbound Tender Volume Index Outbound Tender Rejection Index Headhaul Index for both origin and destination Inbound Tender Volume Index Inbound Tender Rejection Index. If you are working with contracted freight, work with the carrier to develop a long-term rate strategy.
Figuring out the best strategy for managing fleet assets can be difficult at best. And a failure to ensure trucking capacity availability within one market will have a resounding effect on allocation strategies of a trucking fleet’s assets. Request a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo.
How is technology enabling strategic conversations at the order level to happen faster and for the freight department to work seamlessly with procurement on the inbound side and sales on the outbound side to optimize freight shipping ? Request a SONAR Demo. How do we digitize all the players in the supply chain network?
The Ocean TEU Index measures booking requests for capacity, much like the Outbound Tender Volume Index (OTVI) does for domestic trucking. Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo. Epilogue by Jason Vanover).
That includes compliance with the inbound freight routing guide and outbound activities. Regardless, any effective strategy must also work across all freight management systems. Learn how your company can use freight data analytics by getting a SONAR demo via the button below! Request a SONAR Demo.
Part of that strategy lies in using the right transportation data, analysis and insightful reports, such as those provided within FreightWaves SONAR, to guide day-to-day operations. Outbound/Inbound Tender Rejection Indices to understand market trends and rates. Request a SONAR demo online to learn more. Request a SONAR Demo.
That’s where point of sale freight data comes in to help supply chain leaders create a superior supply chain strategy. . By examining SONAR’s Outbound Tender Volumes, Outbound Tender Rejections, and Inbound Tender Volumes, users can understand capitalism at a per market level. Request a demo to talk with an expert.
What are inbound and outbound logistics? Both inbound and outbound logistics involve the transportation of products across various distribution channels, however inbound logistics deals with supply and outbound logistics fulfill demands. This guide outlines the essential KPIs you should be monitoring to ensure efficiency.
To jump straight to the point, some basic strategies for handling rising transportation costs, which we’ll cover in this Playbook, are related to optimal network design and route optimization. Handling rising transportation costs with Network Design Optimization Apps Within the Network Design App , we focus on optimizing the outbound process.
One of the best strategies of risk management is diversification of assets or revenue drivers. Brokerage leaders are turning to this strategy for their freight business. You see examples of this strategy in large brokerages today. XPO Logistics strategy has attacked diversity harder in the last few years.
In other words, it’s possible to get the data from internal resources, but only by seeing the data from a larger network of resources, such as those within FreightWaves SONAR, can any party hope to achieve a more strategic transportation management strategy. Request a SONAR Demo. Click the button below to get started.
This strategy is important, as 81% of greenhouse gases are made up of carbon dioxide, which comes from the combustion of fossil fuels like coal, natural gas and oil. As a carrier representative, you are mildly excited because the outbound market of Denver is more in your favor. Request a SONAR Demo. SAY LESS.”.
A successful freight pricing strategy is not as simple as it sounds. How to leverage data to future-proof your trucking company pricing strategy. In that case, it is possible to derive a few best practices that allow carriers to future-prove their carrier freight pricing strategies. Think about it. What are you waiting for?
Managing these exceptions with proficient tools allows for better insight and will assist in creating a more effective on-the-go strategy for unexpected problems. Request a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo.
That has also increased the pressure on retailers to keep other freight and logistics costs low with more capital and expense being dedicated to the development of new omnichannel strategies. . Pressure to develop an omnichannel strategy with strong customer service levels. market, which has very limited outbound freight.
Now, it has outlined more broadly its strategy, in which self-driving Bolts could be manufactured at scale at GM’s existing plants, driving down costs, and rapidly deployed in major metropolitan markets through a ride service to disrupt incumbents. The application also provides the benefit of street-level route optimization.
This surge in online and omnichannel shopping has necessitated a rethink of logistics strategies, emphasizing the adoption of tech solutions. Schedule a demo with us! trillion by 2027. Locus provides numerous benefits to retail logistics operations through its multitude of features.
Since putaway slows down the fulfillment process, utilize cross-docking with temporary shelving for outbound-priority items to speed shipping along. Contact us or demo our software today. Assign team members with the necessary equipment to specific tasks within the fulfillment process to make things more efficient.
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