Types of Freight Contracts and How to Manage Them More Effectively
Freight contracts are a cornerstone for your entire procurement process. The rates and terms outlined within them dictate everything from the price you pay to move product to the effect it has on your bottom line. The more contracts you have, the harder they are to manage. It’s ideal to have a system in place that [...]
In order to scale, tech solutions need to be adaptive
Overall supply chain and logistics tech spending will rise to $87.8 billion over the next three years. That’s according to new research from Logistics Trends & Insights, LLC and American Global Logistics (AGL). The study shows that U.S. companies will spend more than $2.5 billion in disruptive logistics and supply chain technologies by 2022. The report, “Supply Chain Technology Investment [...]
Drive costs lower by building and utilizing a routing guide
It is said that moving freight is all about relationships. If that is true, what value does a routing guide provide? A great deal, it turns out. Routing guides are essential documents that provide a list of carriers approved to move loads. A routing guide is more than just a list of carriers, though, it is a living document that [...]
How a TMS can drive inefficiency out of your operation
Technology has been instrumental in ushering operational efficiency across large swathes of the freight hauling space, utilizing data in ways that were virtually unheard of a decade before. Data analytics and machine learning have impacted the industry in several ways, identifying inefficiencies within processes and providing insights to foster frictionless freight movement. Nonetheless, industry fragmentation has made it difficult for [...]
Gaining visibility into past events starts with the right TMS, and the right process design
Having the right visibility into the supply chain not only requires having the right TMS system, but also the right design of your networks. ( Photo: Shutterstock ) History repeats itself, it is said, unless something is done to change its course. The freight world bears this out, and yet companies that move freight continually pay more to move that [...]
10 Ways to Reduce Freight Costs Without Complicating Logistics
Cost-cutting is generally seen as a last resort to help reverse profits that are trending downward. But if there’s fat to trim, cost-cutting offers perfectly viable opportunities to increase the bottom line. […]
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