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TRILLION on Shipping Costs in 2017” blares the headline from the Wall Street Journal Logistics Report article. Supplychain experts point to broader carrier relationship development as critical to surviving and remaining competitive. “Companies Spent a Record $1.5 Up a whopping 6.2% The pace of cost increases is unsustainable.
The data is not news to anyone involved in transportation logistics. Business logistics and transportation costs are rising at a quickening pace, especially for motor freight. No matter what the reason, shippers must find ways to bend the cost curve for transportation logistics back downward amidst a very challenging environment.
TMS users in transportation logistics organizations are sitting atop a gold mine of actionable data captured by their TMS solutions. The shrewd operators are leveraging these data to support predictive analyses with the goal of achieving more accurate planning and execution of logistics as product moves through their supplychain.
Most respondents reported already having TMS tech deployed and presumably, they’ve already captured the low-hanging fruit of savings and efficiency gains that come with automating formerly manual processes. In order to get to the next level of savings, efficiency and competitive advantage, shippers must embrace emerging technologies.
It seems carriers, shippers and the entire transportation industry are finally getting wise to something logistics IT providers have long known – cross-functional collaboration in supplychainlogistics efforts is a win-win scenario for all players involved. Fewer attempt to tackle the complexities of inbound logistics.
Here’s what you need to know about the new practice and how your TMS solution and other Logistics IT tools can help ease the pain. TMS software is proven to help reduce costs by improving lead times and pickup delivery scheduling. TMS software is proven to help reduce costs by improving lead times and pickup delivery scheduling.
With lean supplychain/inventory strategies and just-in-time fulfillment at the forefront of contemporary business practices, it has never been more critical to shorten the gap between purchase order and settlement. • Order shipment to customer. Invoice created – sent to customer. Customer payment sent/collected.
For shippers, this year’s overly-active hurricane season in the US is raising alarm bells for supplychainlogistics operations. It continues to be those organizations with flexible, responsive transportation logistics planning and execution functions that are better equipped to adapt than those without.
Now they’re looking to go beyond capturing the benefits derived from process automation, and exploring how these powerful tools can unlock efficiencies only dreamed of a mere decade ago. Examination of KPIs such as on-time performance (and the reasons for lateness, long dwelltimes, slow loading/unloading, OS&D claims, etc.)
Although not as dramatic a spectacle, many shippers are wasting similar sums of cash across the nation’s freeways each year by operating with weak and inefficient controls over transportation logistics. Imprecise Shipment Scheduling | Dwelltimes, detention, long lines waiting for the warehouse to free up an available dock door.
Amidst this complicated landscape, the companies that come out ahead will be those agile enough to adjust to changing dynamics both quickly and efficiently. Despite these increases, we’ve seen a decline in dwelltime of 43% both in the US and around the world. Retail and Essentials Are Rallying. Focus on the Forecast.
The longer lead times and better scheduling enabled by TMS solutions help to minimize unpaid dwelltimes while fostering quicker load and unload times. The upside of this is more efficient utilization of hours of service and less time spent away from home due to HOS impacts.
The MacroPoint solution, already in popular use among more than half a million carrier organizations, uses drivers’ cell phones to automate shipment status updates, in transit check calls and other critical logistics notifications. Better scheduling also supports improved customer service.
Case in point: innovative new Advanced Scheduling technologies offered by supplychain management solution providers. We urge carriers to find and embrace shippers using the UltraShipTMS platform for transportation and logistics management. How can these technologies neutralize the pain of these regulations? Here’s the story.
Subscribe to SupplyChain Game Changer. It is one reason why railyards were not known for being efficient. Increasing Efficiency While Decreasing Expenses. They can keep track of the time that cars are being serviced, and they can watch for excessive dwelltime. Subscribe Here! Email Address.
Enacted last year to combat food borne contamination and illness in the food supplychain, the FSMA was created to address the 48 million cases of illness which occur in the US every year. The FSMA mandates a multi-pronged approach to improving food safety across the entire supplychain.
In my time at FourKites, I’ve assisted in many yard management system (YMS) implementations and asked customers why they decided to adopt a yard management system. Across the board, the responses are some variation on the theme of cutting costs and operating their yards more efficiently. Decreased spotter labor expense.
Search engine optimizations is one of the best digital marketing hacks out there for your industry since it helps buyers hunting for a transportation and logistics company find you online – and you don’t have to pay for PPC advertising. Using website addresses that describe concerns using logistics keywords drives traffic.
As if you needed another reason to embrace the cost-saving, capacity-finding, efficiency-boosting, customer-pleasing benefits yielded by the use of a well-designed and deployed TMS platform – the Trump Trade War and associated tariffs add another unexpected cost to already-squeezed transportation budgets.
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