Articles
Big Data
3 Ways AI Can Reap Benefits
Set to generate more than $550 billion in revenue by 2024, arguably no sector in the technology world is growing more rapidly than artificial intelligence (AI) and machine learning (ML). And while AI may be experiencing well-known impacts on industries such as healthcare and retail, it’s also quietly affecting logistics and shipping, particularly freight procurement.
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Precision Starts with Visibility
The new must-have supply chain qualities are speed and accuracy—and the cost for not measuring up is unequivocally high. Manufacturers have been given a seemingly simple choice: maintain optimal levels of accuracy, dependability, and responsiveness, or pay the hefty price. Assuming success will be easy is a costly mistake.
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Navigating Unexpected Hiccups
Uncertainties and unexpected hiccups can hit businesses at any time. Without resilience and enough preparedness, a business can struggle to cope with these unforeseen events.
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7 Critical Questions You Need to Ask
With a huge number of constantly shifting variables, suppliers, and other factors to consider, it’s easy to feel that managing supply chain risk is an unending battle that you’ll never win.
Read MoreBuild an Agile and Resilient Supply Chain in 4 Steps
In an era when the most unpredictable challenge imaginable, a global pandemic, turned the business world upside down, the need for a reliable supply chain that can react quickly to any and all disruptions became the top priority for organizations. This is by no means an easy feat, and many are familiar with the concept […]
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Technology Can Supercharge Your Supply Chain, Here’s Where to Start
Q: What are the most important technology trends in the supply chain? A: With the COVID-19 pandemic still impacting global supply chains, real-time product and shipment visibility has become paramount to disruption planning and customer expectations. According to the most recent Gartner study, "By 2023, 50% of enterprises will have invested in a real-time transportation […]
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How Short-Term Bids Can Produce Long-Term Benefits
Mini-bids act as a supplemental strategy, providing short-term revisions to rein in costs and shore up failing routing guides. You need the most accurate and reliable data to execute a successful mini-bid strategy.
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Reducing Inbound Freight Costs and Improving Accounting
Q: How can our company account for inbound freight costs on our month-end accrual reports? We prefer to route our own freight and use our own third-party carriers for these collect orders. A: Unfortunately, you are experiencing an industry-wide issue. Pre-rating based on purchase order information can pose a real risk. Your purchase order may […]
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Solving the Global Data Dilemma
For as much time and effort spent trying to perfect the systems and technologies we rely on for global logistics, it seems the industry has lost sight of how people actually get work done.
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Supplier Information Still a Concern
The pandemic revealed widespread problems with supplier information on a global scale. While many procurement leaders responding to the 2021 Supplier Information Study, commissioned by Tealbook, had initially vowed to invest in supply chain resiliency, almost a year after the pandemic they still grapple with issues surrounding poor supplier information: Agility: Nearly all respondents agree […]
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