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blog: The Secret to Making Your Freight Procurement Process Agile. 

We don't have to tell you that it's become more difficult than ever to uncover waste that leads to bottom-line savings for your company. Each year, you and your colleagues are on the hook to find new ways to drive efficiency. If you're like other large manufacturers, your supply chain represents your company's largest cost center, and therefore represents your best chance to uncover waste. 

There's probably one critical process within your supply chain that has remained unchanged for decades. It’s your freight procurement process which can be the most complex, and costly, process within your entire chain. Needless to say, if your company has not optimized how it sources and books freight, your company is at a major disadvantage. 

Once primary, secondary and tertiary carriers have systematically passed on your loads, your transportation team is forced to use freight brokers who are unresponsive, and accept loads without assets (talk about risk). This leads to much higher truckload costs, distribution bottlenecks, and late sales orders for your end customers. 

New freight procurement software has reinvented the old traditional way to procure freight. It's helping shippers become much more efficient by empowering shippers to lock in preferred pricing (based on current supply & demand), and then dynamically opens high-quality, asset-based capacity when needed most. Shippers gain 100% visibility to ALL rate and carrier data, hidden by brokers, so they now have actionable rate data to make better, informed decisions.  

So next time you're on the hook to uncover waste, be sure to look into how your company is sourcing and booking freight. If they're still using the old, static way there is room for improvement that could save millions in truckload savings. 

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Executive guide: how reinventing freight procurement will help shippers handle market volatility

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Introduction

Successful manufacturers are always on the hunt for ways to reduce cost of goods sold to help drive margin growth. The supply chain offers a smart place to start because it is one big, connected machine that impacts every part of the business. Usually when one element goes off track, consequences are felt throughout. Time and money have been spent to optimize supply chain processes to mitigate risk and limit the slowdown of goods produced and moved. 

But there is one critical supply chain process that has remained unchanged and inefficient. Unfortunately, this process is not equipped to handle today’s market volatility. Manufacturers across the US continue to use this old, rigid process because no other options exist to replace it- until now! 

We are taking about the freight procurement process. 

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On-Demand WEBINAR: Is freight capacity impacting your supply chain? learn how shippers are overcoming this challenge. 

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Continuous improvement, fueled by technology, within the supply chain is how manufacturers remain agile. But one critical process remains unchanged and is not equipped to handle today's market volatility. Ask yourself, does your company rely on primary carriers and overpay once they reject your loads? Does your company remain at the mercy of freight brokers and the spot market to keep goods moving?

If you’ve answered yes, then your freight procurement process is not optimized, and your supply chain is at risk. The traditional way to procure freight is too rigid and static, paving the way for massive budget overages, poor OTD, distribution bottlenecks, and unhappy customers. Learn how shippers are now leveraging software to overcome increased freight procurement challenges.

Supply Chain Experts from Sleek Technologies & 101 Solutions examine:
1. How freight capacity impacts the supply chain.
2. What shippers are doing to achieve 95.5% OTD & up to 20% TL savings in today's volatile market.

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