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7 ways technology augments effective procurement in the shipping industry

FreightWaves SONAR

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.

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Why Strategic Partnerships Enable OTR Freight Management

GlobalTranz

With driver shortages still impacting the industry and continual volatility within supply and demand balances, it is more important than ever for OTR managers to get on board with remote tools and digital services, including advanced shipper TMS platforms and managed services to reduce workload. . Enabling Data-Driven Decision-Making .

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The State of the Trucking Market in 2021

GlobalTranz

Download the White Paper: Over the Road Freight Management Trends. A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. All three of these analytical types are critical to supply chain strategy, but many businesses lack the resources and tools to use effectively. Learn More.

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Successful Product Innovation Requires Supply Chain Insight

Material Handling and Logistics

The paper details how effective supply chain leaders help manage all the processes, systems, and tools associated with new product initiatives to assure that innovations do not hurt overall company growth. It also outlines nine best practices to ensure that new product initiatives increase value.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

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LTL Freight Rates: Using data to improve annual contract negotiations

FreightWaves SONAR

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.

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Manufacturing Supply Chain Constraints and How to Overcome Them

FreightWaves SONAR

Managing the manufacturing supply chain and freight markets of today requires skills, tools, applications and services that have never been utilized in the past. Download the White Paper. Knowing when it’s time to revisit bids and renegotiate contracts is critical for procurement and intervention management.