Logistics Viewpoints

OCTOBER 19, 2023

Even if this retailer had used AI to forecast my purchase, AI that creates a perfect plan but fails to execute it only results in a highly-efficient silo, as Northeastern University professor Nada Sanders says. As supply chains have grown in complexity and length, siloed thinking and processes are no longer able to meet this objective.

Supply Chain Planning Software 158

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 158

WorkWave

JUNE 6, 2024

A fleet fuel card is specifically designed for businesses managing multiple vehicles, offering detailed expense tracking, customizable spending controls, and comprehensive reporting on fuel and maintenance expenses. Here are some of the benefits: Convenience: Fuel cards provide a convenient payment method for purchasing fuel.

Procurement Solutions 105

Procurement Solutions Expense Reduction Procurement Analytics Purchasing Skills 105

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.

Optimization Software 105

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 105

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. This not only encourages customers to make purchases but also creates a sense of exclusivity and value. Get Started With Pest Control Software!

Optimal Sourcing 96

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 96

FreightWaves SONAR

DECEMBER 15, 2020

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. That’s the only way to understand the real costs of transportation in your enterprise. . Download the White Paper.

Analysis 59

Analysis Procurement Analytics Optimization Software Optimal Sourcing 59

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 8, 2021

Analytics-driven processes are the go-to strategies for all freight management parties that seek to increase profitability. As reported by Mindy Long of Transport Topics , “One of the challenges for fleets collecting a wealth of data is determining what information is actionable.” Request a SONAR Demo.

Expense Reduction 104

Expense Reduction Freight Price Reduction Purchasing Skills 104

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

APRIL 16, 2024

Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Data 52

Shipchain

FEBRUARY 14, 2019

Blockchain Prevents Unsuspecting Purchases of Counterfeit Drugs and Medical Devices. Pharma ceutical supply chains suffer an annual global loss of more than $200 billion due to counterfeit medications, reports Mike Miliard of Healthcare IT News.

Supply Chain Planning Software 99

Supply Chain Planning Software Supply Chains Inventory Reduction Manufacturing Procurement 99

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

FreightWaves SONAR

FEBRUARY 15, 2021

The Operating Ratio (OPRAT) index provides total operating costs divided by operating revenue, which is derived from Truckload Carriers Association (TCA) members and is reported on a monthly basis. 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

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

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? Referrals One of the first things consumers do when making a big purchase is ask friends and family for recommendations. That’s a mind-blowing statistic. Why are other people’s opinions so darn important to us?

eCommerce 105

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 105

FreightWaves SONAR

JANUARY 25, 2021

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. The expense reported is specific to the maintenance of company-owned trucks, and company fleet-allocated trailers. Maintenance Expense per Mile (MAINT).

Optimization Software 98

Optimization Software Optimization Trucking Expense Reduction 98

FreightWaves SONAR

FEBRUARY 22, 2021

For part-time, the counts are reported on a full-time-equivalent (FEL) basis. The carriers reporting the data for this index are participants in the Truckload Carriers Association’s TPP program. As with DEVREV, the carriers reporting the data for this index are participants in the Truckload Carriers Association’s TPP program.

Trucking 85

Trucking Procurement Analytics Demo Modeling Software 85

FreightWaves SONAR

JANUARY 11, 2021

The carriers reporting the freight data for this index are participants in Truckload Carriers Association’s TPP program. This index, for small populations of drivers, is highly dependent on the States and Provinces that each reporting carrier operates within.

Trucking 97

Trucking Procurement Analytics Modeling Software Demo 97

FreightWaves SONAR

FEBRUARY 8, 2021

SONAR’s Ocean Shipments Report and Ocean TEUs indices show subscribers how much cargo is shipping to and from the United States. What do the Ocean Shipments Report and OceanTEUs indices tell freight market participants? Rather than relying on historical data being reported by ports or U.S. and are reported by U.S.

Outbound 98

Outbound Procurement Analytics Demo Freight 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. Debt and interest payments are not included in these costs.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

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

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

FreightWaves SONAR

NOVEMBER 20, 2020

Total cost of goods sold The total cost of goods sold is among the most prominent and most influential metrics in supply chain management. It is a measure of the beginning inventory cost plus the purchases made during the period, minus the ending inventory costs. Request a SONAR demo online to learn more.

Supply Chain Design Software 66

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

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

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

FreightWaves SONAR

DECEMBER 9, 2020

For sheer volume, purchasing third-party leads are useful for most freight brokerages. The SONAR platform is the only freight forecasting and analytics platform that offers real-time freight market intelligence driven by actual freight contract tenders. . Request a SONAR Demo. 6: External lead lists .

Sourcing Strategies 105

Sourcing Strategies Purchasing Skills Sourcing Tips 105

Locus

JANUARY 8, 2024

What’s more, nearly a fifth are at the forefront, harnessing advanced tools like control towers and analytics to maintain their competitive stance. Echoing this movement, McKinsey spotlights how adopting advanced analytics in distribution retools the daily workflows of frontline staff, boosting retention by 15%.

Cost Reduction 52

Cost Reduction Expense Reduction Resource Reduction Logistics Network Optimization Software 52

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. Request a SONAR Demo. Request a SONAR SCI Demo. Ocean shipping issues have caused some to question whether Christmas will be cancelled. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITE PAPER.

White Paper 52

White Paper Demo Procurement Analytics Data 52

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? Book your free demo today! Start Using NEMT Software! One primary advantage is the ability to work independently.

Optimization Software 52

Optimization Software Logistics Network Optimization Software Purchasing Skills Buyer Training 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

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

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

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 Optimization Software Logistics Network Optimization Software Supply Chain Planning Software 52

Locus

JULY 24, 2023

For instance, 41% of global shoppers expect same-day delivery for their purchases. Cost Considerations: A significant financial and environmental cost for shippers and carriers hides as empty miles. accounting for 61 billion empty miles and 87 million metric tons of unnecessary annual emissions.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Optimization Software Optimization 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. Intelligent data at your beck and call: Locus’ advanced analytics capabilities takes the complexity of last-mile data and presents it to supply chain managers as actionable insights.

Optimization Software 52

Optimization Software Supply Chain Software Supply Chains Optimization 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

WorkWave

AUGUST 22, 2024

With carefully curated selections, florists can satisfy a range of customer preferences while maintaining cost-effectiveness. RouteManager’s last-mile delivery software helps you cut fuel costs, increase revenue, and improve operations. GET A FREE DEMO 7. Book a demo today! Start Using RouteManager!

Optimization Software 52

Optimization Software Cost Reduction Price Reduction Expense Reduction 52