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Tips to Close the Logistics Data Gap

Tips to Close the Logistics Data Gap

Although data continues to help proliferate the supply chain, making companies more agile and boosting revenue, there’s one critical area that has lagged behind: logistics. Shippers use data to measure when products are picked up and dropped off and where a shipment is along a given route. But this data only tells half the story, which means logistics managers are missing key insights in order to drive efficiency across freight procurement operations.

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Cost: The Broker Secret That is Undermining Freight Procurement

Cost: The Broker Secret That is Undermining Freight Procurement

Shippers have become accustomed to having more questions than answers when it comes to working with their broker market. However, arguably no area of the broker market is more confusing or opaque than costs and pricing.

Rife with hidden fees and unclear metrics, the broker market makes it virtually impossible for shippers trying to find out what the true cost of a load is. This is obviously not only infuriating but results in significant supply chain waste that can add up quickly. 

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The Importance of Customer Service Within Freight Procurement

The Importance of Customer Service Within Freight Procurement

Customer service is key to building strong relationships that sustain success in any industry, but especially in freight procurement. That said, many parties within logistics fail to exceed defined service goals. Luckily, there are tools and tactics that shippers can use to strengthen customer service from 3PL providers. Here are a few suggestions.  

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Solving Data Interchange in Freight Procurement

Solving Data Interchange in Freight Procurement

Freight procurement and logistics professionals are increasingly relying on data to drive their business decisions today. However, given these spaces are traditionally slow-moving when it comes to adopting technology, organizations within these fields find themselves at varying levels of maturity when assessing their data infrastructure. Yet, whether you are a company that is already well-versed in integrating data into business intelligence decisions or a company just starting to get a data infrastructure in place, data interchange is one of the foremost data-related challenges throughout freight procurement and the broader logistics space. Luckily, however, advanced computing such as artificial intelligence (AI) and machine learning (ML), along with other sophisticated data science tools, are helping shippers become much more agile.

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How Tech and Transportation Can Solve the “Cost of Goods Sold” Issue

How Tech and Transportation Can Solve the “Cost of Goods Sold” Issue

The impact that cost of goods sold (COGS) has on a company’s bottom line cannot be understated. Yet, for all of the attention that businesses dedicate to traditional COGS elements such as manufacturing, materials, and labor costs, one key area is constantly overlooked when it comes to COGS planning, strategy, and execution -- transportation.

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Make No Buts About it, Dynamic is Better Than Static!

Make No Buts About it, Dynamic is Better Than Static!

Have you ever experienced a diagonal or horizontal crack in your home’s foundation? If so, you know leaving these cracks unattended will lead to bigger problems and costly repairs. If a shipper's freight procurement process is static and stymied by lack of capacity, then the shipper has cracks in its foundation too. Unfortunately, if left unattended, the shipper runs the risk of:

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To Contract or Not to Contract? That is the Question.

To Contract or Not to Contract? That is the Question.

The freight market continues to carve out new records, and last week is no exception. Tender rejections remained above 25%, which is no surprise because it’s been there for months. And reefer is even higher at 50% rejection. All that said, the big surprise is that DAT reported contract rates ($2.76 per mile) higher than spot ($2.62 per mile).  

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Freighting Meets AI (Artificial Intelligence)

Freighting Meets AI (Artificial Intelligence)

AI (artificial intelligence) is one of the hottest topics in technology circles today. And although AI may be generating a ton of headlines in verticals such as retail, healthcare, and consumer tech, it is also playing a huge role in reshaping transportation and logistics

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Tips For Temperature Control Shippers Who Are Struggling with Tight Reefer Freight Market

Tips For Temperature Control Shippers Who Are Struggling with Tight Reefer Freight Market

If you’re a food, beverage, cosmetics or pharma manufacturer, and require temperature controls, chances are you’re struggling to move freight. Reefer tender rejection continues to hover around 50%, up from 10% this same time last year. Think about this for a moment… 50% rejection means one out of every two tendered reefer loads are passed on. To complicate matters, produce season is right around the corner so chances are the situation will get worse before it gets better. 

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How Reinventing Freight Procurement Helps Shippers Handle Today's Market Volatility.

How Reinventing Freight Procurement Helps Shippers Handle Today's Market Volatility.

Successful manufacturers are always on the hunt for ways to optimize supply chain processes to mitigate risk and limit the slowdown of goods produced and moved. But one critical supply chain process has flown under the radar for decades, and is simply not equipped to handle today’s extreme market volatility. 

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