Discrepancies among freight invoices can easily slip by unnoticed. A decimal point in the wrong place, confusion about an invoice number, or even the wrong date can result in issues such as missing payments, overcharges and chargebacks, and more. Unfortunately, manual auditing takes time and is still prone to the same human error that caused problems in the first place. [...]
Global supply chains are becoming so complex that cutting-edge computing is quickly finding a home in this industry. Specifically, machine learning is carving out a place as must-have technology for supply chains of the future. It’s already used for forecasting, probability mapping, route planning, quality control, and much more. And as more technologies join the new-age supply chain, machine [...]
Supply chain logistics have come a long way in a short time and it appears there’s even more change on the horizon. Supply chains are seeing an influx of technologies, customer demands, and geopolitical headwinds — all keeping pace with an increasingly globalized society of consumers. The industry faces many headwinds, but several key trends are on the rise to [...]
So many schools of thought and different philosophies exist for supply chain management, that it is difficult to find one that is universally applicable. Often, a combination of two or more modalities is the best approach for shippers. This is the basis for a bimodal supply chain strategy: a modern supply chain philosophy that is gaining momentum with shippers [...]
Transportation Management System (TMS) software is arguably the most important asset of a third-party logistics provider (3PL). An inclusive TMS will provide the tools, resources, and technologies necessary for supply chain management, all within an integrated system that serves as a system of record. Unfortunately, modern supply chain demands have altered the definition of what a TMS needs to be [...]
The internet of things (IoT) is making waves in virtually every industry today. However, few industries stand to benefit as much or as broadly as those in the freight transportation sector. Already, IoT innovations have begun to bring efficiencies and better oversight to global supply chains. Now, the focus is on improving accountability. With IoT systems in place, new possibilities [...]
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