April 2012 | Sponsored | Thought Leaders

Taking Control of Transportation Spend Management

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Martin Hubert is CEO, Freightgate, 714-799-2833

Q: Cloud computing is fast becoming a reality of everyday business life. How can companies get started in leveraging interconnected shared logistics platforms, and why does it save time and money?

A: As enterprises strive to show almost-immediate return on investment, they seek solutions that are globally accessible, scalable, and require minimal up-front investment. Maintaining a vast connectivity network, promoting leading-edge Web services solutions, and fueling continued innovation is a pricey proposition, so sharing these infrastructure costs among many users makes sense. Both global leaders and small or mid-size players can realize dramatic improvement when switching to a configurable—yet secure—cloud platform.

Recent studies show tremendous savings potential in transportation spend management (TSM), and most best-in-class companies outsource at least some aspect of this function. Reviewing your current TSM processes and identifying opportunities is an excellent way to start logistics cloud computing, as these initiatives pay for themselves very quickly.

Keep the big picture in perspective, and choose a partner that offers not only end-to-end TSM, but seamlessly integrates execution, collaboration, sales, and operations planning and compliance options.

Q: How can value-driven sustainability be efficiently embedded into supply chains to increase routing accuracy and account for carbon swap costs?

A: While global leaders have had sustainability and carbon footprint initiatives for several years, broad adoption has been slow. Embedding carbon modeling into transportation management platforms brings knowledgeable routing decisions to the desk level. Leverage a global platform to communicate optimized logistics choices to your entire supply chain with ease, while driving bottom-line savings.

Q: Managing fuel surcharges, rate volatility, and reduced carrier capacity is a growing challenge. How should businesses tackle this problem?

A: Multi-dimensional optimization relies heavily on distributed data sources. Correlating capacity allocations with transit times, cargo availability, and deliver-by dates—in concert with total transportation cost as supplied by a dynamic multi-leg routing engine—is the holy grail of logistics optimization. One way to achieve this goal is by utilizing Freightgate's unique template approach.

Q: Why should businesses use a neutral-technology platform with global reach as their logistics information hub and decision-support solution?

A: Truly neutral logistics technology providers have no vested interest in driving up freight spend. They can help transform your data into actionable information through TSM by managing procurement, optimization, carbon initiatives, dynamic multi-leg routing, capacity, booking, visibility, metrics, compliance, audit, and payment.

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