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While SAP has had procurement analytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower. Daniel Chapman, the senior director of process transformation for procure to pay at Warner Music, was a keynote speaker. This solution provides insights in a much easier way to digest.
With the havoc 2020 caused, can shipping trends get any worse? And demands for 2021 already reveal strife in procurement in the shipping industry and visibility through all operations, including carrier troubles. Preparation becomes the name of the game in shipping trends, and being ahead becomes the new normal.
Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.
For shippers, the approach to transportation procurement is evolving. However, with the advent of specialized software solutions like Keelvar, Emerge and Jaggaer, there’s a noticeable shift in how transportation procurement is managed.
Many LTL industry trends, including capacity limitations, increasing accessorials, surcharge rates, changes in market trends and buying patterns, are almost certain to continue through 2021 and for some time to come. How to track trends developing in long-term pricing agreements. Request a SONAR Demo.
In every mode of transportation, 2022 has revealed a rate trend that continues to increase. With minimal capacity at maximum cost, freight forwarders are looking for ways to streamline procurement, and leveraging an integration chatbot is one way to achieve that goal. How an Integration for Chatbot s Boosts Collaboration With Carriers.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Lacking data promotes trouble in annual contract capacity procurement during times of volatility. Together, it promotes continued route optimization and use of strategic transportation procurement practices.
Seeing that trend indicates increased manufacturing or distribution activity, typical for the flurry of activity that accompanies spring. Limited insight into inventory demands resulting in problems procuring raw materials The manufacturing supply chain depends on the availability of raw materials to create and distribute goods and products.
Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Tracking market trends within truckload rates relies heavily on data and analysis. Request a SONAR Demo. Request a SONAR SCI Demo.
More Resources Home March 12, 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.
More Resources Home November 21, 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.
Successful freight management hinges on effective procurement and insight into current market conditions. In other words, focusing on those lanes with lower acuity scores will have the net effect of lowering total freight spend, while promoting increased freight procurement and fewer tender tender rejections. Request a SONAR Demo.
And as reported by Supply Chain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.” Request a SONAR Demo. Request a SONAR SCI Demo.
More Resources Home January 30, 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.
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.
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.
More Resources Home March 6, 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.
More Resources Home January 16, 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.
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.
Shipment volume, capacity procurement and weight limits. The right routing guide should further provide a way to apply predictive freight rates and boost procurement throughout the supply chain as necessary. Remaining up to date on trends, innovations, technology and advancements. Request a SONAR Demo.
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.
And it has opened new channels for capacity procurement. Cold chain capabilities are now a must-have to stay future-ready With vaccines for COVID at the forefront of transportation news, the focus has swung from fundamental truckload shipping trends to cold chain shipping. Request a SONAR Demo.
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.
This sector covers important activities relating to procurement, transport, and storage of goods. Without excellent and clear communication, these trends will not be identified and acted upon until it is too late. Learn more about how your company can achieve those goals by requesting a SONAR demo online today.
More Resources Home December 19, 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.
Increased insight into market conditions helps with freight spend management Freight market conditions and trends greatly affect all methods of shipping and transportation. Stay informed with drayage by deploying the right system Practical procurement of goods and on-time shipments all depend on accurate drayage planning.
In other words, it’s time to start thinking about looking at industry data trends to find new opportunities for improvement. Just remember that, as reported by Supply Chain Dive , “Traditional logistics strategies, procurement methods and commercial frameworks often result in cost and risk shifts towards carriers and away from the shipper.
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.
Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. Know ing what’s happening in ports and major international border crossings amounts to seeing the overall trends of product flows into and out of the U.S. Request a FreightWaves SONAR demo to get started today.
(Graphics created by Emily Ricks) Enterprise shippers are constantly faced with the challenges of procuring transportation. And change is the ever-lasting factor in transportation procurement. Actionable insights from applied analytics optimize transportation procurement by understanding stability. Request a SONAR Demo.
It converged with a trend of both airlines and ocean liners investing far more heavily in their fleets over the past fewyears. The decrease in logistics costs led 35% of importers to lower their product prices, possibly contributing to the easing of inflation rates. The regression in pricing wasn’t just due to lower demand.
Start where it all begins – procurement. Procurement remains an oft-overlooked side of a freight spend analysis. Contracted freight trends. Compare findings to industry trends. Benchmarking helps determine how well business intelligence findings align with market trends. Request a SONAR Demo.
More Resources Home February 28, 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.
More Resources Home February 7, 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.
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. Request a FreightWaves SONAR demo by clicking the button below to learn more. Request a SONAR Demo. appeared first on SONAR.
More Resources Home February 13, 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.
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.
The pivot towards index-linked contracts and Forward Freight Agreements (FFAs) is not merely a trend but a strategic recalibration towards agility and resilience. Traditional fixed-price contracts, once the bedrock of stability, are yielding to the pressures of market dynamism, unable to keep up with the factors impacting the markets.
What trends are you seeing for retailers in the use of technology to help optimize their supply chain and transportation networks? Request a SONAR Demo. On the episode you’ll hear: What is Hannah’s advice for retailers who want to reinvent themselves and perhaps what should they consider to stay optimized in shipping?
If you were able to see current capacity trends, it would be much easier to understand if you were able to push the rate down or move on to another interested carrier to secure the best rate. Capacity procurement reps can determine when to cover their loads and have more tools in negotiation to ensure they are hitting their margin targets.
A key component of this technology trend is the need for a supply chain visibility platform. Request a demo here or email info@mytmc.com. 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.
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.
More Resources Home January 3, 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.
Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. Know ing what’s happening in ports and major international border crossings amounts to seeing the overall trends of product flows into and out of the U.S. Request a FreightWaves SONAR demo to get started today.
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