How will blockchain technology impact the future of the supply chain?
Having a Master Plan in place at your port makes operations more efficient, and makes the port more attractive to prospective partners.
Freight audit and payment services analyze shipment data to reveal inefficiencies and identify savings opportunities.
Freight bill payment and auditing services save shippers money by finding billing errors and optimization opportunities.
Managing loss and damage claims can be challenging for shippers. Claims processing providers can facilitate and educate.
Companies can gain several benefits by partnering with the right freight payment company.
Hunter Harrison documents the culture change that has contributed to Canadian Pacific’s rail renaissance; Global companies more concerned about climate risk than emissions reductions; Deadline for new ISO17712:2013 high-security seal standards is fast approaching; Lack of collaboration between supply chain and finance hurts the bottom line
Shippers protect against supply chain disruptions with physical, analytical, and financial risk mitigation strategies.
Automating supplier payments through commercial cards helps companies facilitate their payment process.
Freight audit and payment services allow shippers to leverage data to solve their business challenges.
Shippers can benefit by using a bank to facilitate carrier payment transactions.
Shipping freight plays a vital role in supply chain management, yet many shippers neglect to take control of their inbound shipments. Industry experts offer strategies for overcoming five common obstacles to successful inbound freight management.
Prologis Pulaski DC breaks ground, breaks new barriers in sustainable development; Voice technology finds traction in the supply chain; Healthcare industry stands to gain by adopting retail supply chain best practices; Freight spot market swings with seasonal demand; Midwest floods present new challenges for inland waterway shippers
Danny Monson of States Logistics Services Inc. offers tips to help shippers confirm a logistics service provider is financially stable before signing a logistics service contract.
By reviewing shipment history, carrier assignments, and freight invoices, a benchmark study will accurately reveal your company’s transportation costs, writes Mike Challman, VP of North American Operations, ChemLogix.
Stephanie Miles of Amber Road offers advice on how shippers can manage the growing complexity of international supply chains and their associated increasing transportation costs.
An ounce of prevention is worth a pound of cure. Conduct a financial checkup of your potential 3PL partners before you sign the contract.
Leveraging IT, reconsidering warehouse processes, and conducting periodic network optimization projects are just three of many strategies that enable shippers to not only trim costs, but ensure that transportation spending supports overall business goals.
Having a financing partner that specializes in the transportation industry is important for trucking companies because it will understand their capital needs, collateral values, and financing alternatives, says Nick Weaver, Regions Bank.
Leading freight payment service providers continue to enhance the array of tools they offer to help shippers make the most of freight payment data.
Improving order-to-cash cycle effectiveness requires more than speeding receivables. Scott Pezza, research analyst, The Aberdeen Group, offers advice for enhancing the overall process by focusing on long-term goals and relationships with customers.
By helping tire importer TBC Corporation convert its inbound transportation to free-on-board (FOB) terms and control freight costs, American Global Logistics rolled out a supply chain transformation.