In the modern-day transportation and logistics industry, nothing matters more than driving cost savings and optimising the time spent on each shipment. As customers increasingly demand faster deliveries at reduced rates, you as a shipper must adopt tools that make it possible for you to do well, while keeping your customers happy. Using a Transportation…
In today’s fast-moving digital age, freight procurement stands to gain a great deal from digital procurement transformation – and, the sooner logistics companies begin their journey, the better. Automating your freight procurement from end to end enables an unmatchable performance and drives ROI to a major extent. The latest tools in the digital procurement field…
Recent years have witnessed an increase in the adoption of digital solutions across several industries. The logistics and supply chain industry has been no exception. Especially in the field of freight procurement, it has been proven beyond doubt that the scope for improvement is vast. For any freight purchasing manager, the primary goal is to…
To run your business successfully and ensure smooth functioning of your supply chain, you must get your freight sourcing and procurement right. Unfortunately, with the present global trade environment, ensuring efficiency while sourcing freight can be tricky. However, a strong team that understands your business, is well-informed and makes informed decisions can go a long…
Today, freight procurement is more than just about the price. It is one of the most crucial parts of the supply chain and has the potential to enable high-performance levels and drive ROI to a major extent. The ongoing year has been a year of disruption and transformation for the freight procurement industry owing to…
The last few years have marked the beginning of a digital transformation of several industries and the otherwise static freight procurement world has been no exception. If there is one thing that the emergence of digital technologies has proved beyond doubt then it’s that the procurement or supply chain industry lends itself very well to…
If you are a logistics or supply chain manager, the terms freight tender, RFQ proposal and transport procurement would probably be synonymous with tedious and time-consuming processes. Nevertheless, freight tendering is a crucial part of the procurement process. Owing to the unforeseen pandemic and its aftermath, supply and demand have witnessed severe fluctuations. Securing reasonable…
Logisticians across the globe have been relentlessly working through the pandemic to keep the world’s goods moving. The global logistics industry has rapidly evolved and risen with great willingness in the last few months to overcome the challenges posed by the COVID-19 outbreak. The changes that have been triggered since the beginning of the pandemic…
You may well ask, why the sudden urge to turn towards an integrated supply chain? Companies have slowly started to realize the very noticeable hand of an integrated supply chain in fostering lean principles and long-term, sustainable growth. The coronavirus pandemic and the current post-COVID landscape is another major driving force in logistics companies investing…
The simplest way to drive double-digit cost savings every time you ship is to ensure that you negotiate well to get the best deals each time. Being in total control of how much you pay for your shipments and making use of the right tools to negotiate better is crucial to improving your bottom line….
Tired of wrestling with freight quotes and chasing down the best deals? Imagine a world where AI negotiates for you, specialized software tackles specific challenges, and the cloud keeps everything accessible. AI is reshaping supply chain innovation, management, and optimization of freight operations. This is the reality of modern freight procurement software! We’ve explored the…
While digital transformation has been slow, if not stagnant in the logistics industry, recent times have witnessed rapid developments in this space. With more and more supply chain professionals adopting digital alternatives to traditional methods by automating RFQ management, opting for digital freight procurement strategies and purchasing real-time container tracking software, the time has come…
The coronavirus pandemic caught organisations around the world off guard due to a series of factors, one the main reasons being lack of supply chain visibility. Even today, as businesses try to bounce back from the setback, gaining end-to-end supply chain visibility on the movement of their freight remains a challenge. While supply chain visibility…
The unprecedented impact of the ongoing pandemic has made it clear that global supply chains are only as strong as their weakest link, i.e. visibility. It has become more imperative than ever to adopt a system that enables real-time container tracking. Any efficient and real-time container tracking solution provides extensive monitoring capabilities via a single…
When you think of ways to reduce your freight costs and drive efficiency and profitability, the cost involved in invoice processing may not be the first thing that comes to your mind. However, it’s one of those expenses that are hard to spot and continue to slowly eat into your bottom line. While industry studies…
Whether you are a seasoned professional or just starting out in the logistics industry, there are quite a few common terms that you need to be aware of. This will help you to understand the freight forwarding process and ensure smooth operations. To enable an efficient supply chain, and avoid miscommunications in payment of freight,…
Freight benchmarking is a game-changer for shippers looking to secure the best rates, whether shipping by air or sea. Traditional negotiation methods, with their endless calls and emails, make it hard to consistently get competitive prices. But with digital automation, the process has evolved. Modern Logistics Resource Management platforms allow you to share inquiries with…
If you’re in the supply chain industry and looking to adopt a Supply Chain Management (SCM) software to refine your operations and reduce costs, you will want to ensure that you invest in the right system. The emergence of cloud-based solutions has heralded a new era in the supply chain management software space. Its benefits…
One of the biggest challenges faced by supply chain professionals around the world, in light of the ongoing pandemic is its adverse effect on global freight rates. Owing to the fluctuations in supply and demand, securing reasonable freight rates has become even more difficult than before. At the peak of the impact of coronavirus, there…
After a six months-long roller coaster ride that began with the coronavirus outbreak in China and rapidly ravaged global trade, signs of recovery have at last started showing. From the time stalled shipments, skyrocketing freight prices and blank sailings had become a common occurrence, container shipping activities have staged a relative rebound in recent months. …
