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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.
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.
TMS scheduling helps minimize dwelltimes and optimizes driver Hours of Service which makes a shipper a more attractive partner to busy carriers. TMS provides the data visibility needed to illustrate the value of well-managed logistics processes and supports iron-clad business cases.
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.
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. Inefficient Optimization of Routes | Empty miles, inefficient multi-stop route planning, poor visibility into last-minute changes to orders.
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.
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. Use Technology to Benefit Drivers.
Case in point: innovative new Advanced Scheduling technologies offered by supplychain management solution providers. Hauling freight for shippers using UltraShipTMS and its Advanced Scheduling solution ensures carriers optimize their daily HOS, minimizing the pain inflicted by ELD use. Here’s the story.
Despite these increases, we’ve seen a decline in dwelltime of 43% both in the US and around the world. This decline indicates better planning and optimization, just as we saw around the spike in shipments on Amazon Prime Day. Anyone who’s worked in the logistics industry knows that we are change managers, above all.
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. A website traffic estimator tool can be used to achieve this.
Here are some ways food shippers can harness the value of logistics IT solutions to protect their margins. . Advanced Scheduling – ensuring more exact pickup/delivery times, reducing dwelltimes, optimizing Hours of Service, increasing DC throughput and providing visibility into dock door utilization.
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