Freight audit and payment services analyze shipment data to reveal inefficiencies and identify savings opportunities.
Companies can gain several benefits by partnering with the right freight payment company.
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.
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.
Leading freight payment service providers continue to enhance the array of tools they offer to help shippers make the most of freight payment data.
Accepting credit cards can be a major differentiator for businesses, enabling customers to pay however is most convenient for them. To balance this need with the necessity of maintaining margins, consider credit card surcharging.
Lean accounting coupled with a lean supply chain can ensure everyone is rowing in the same direction to reach the maximum, long-range goals and benefits of Lean thinking.
Logistics leaders face pressure from their stakeholders to optimize logistics costs while maintaining service and performance levels. Gartner Inc. identifies the following five actions to help you optimize costs from within your organization.
FBAP service providers use big data and business intelligence to drive global enterprise change.
For those involved in the management of freight movement, selecting the best Transportation Management System or TMS is a crucial decision. Here are 10 tips on evaluating a TMS for your firm.
Deploying a transportation management system (TMS) can be time-consuming. Here's how to save time and money.
Shippers and intermediaries of all sizes can benefit greatly from the increased functionality and simplified processes offered by a TMS.
Some leading vendors in the TMS market.
How to overcome the challenge of data management—integrating multiple data sources in a transportation management system (TMS)
As freight payment processor IPS Worldwide heads to bankruptcy court, shippers are reminded how important it is to be diligent when choosing a freight bill processor.
Integrated WMS and TMS solutions increase visibility and communication and optimize the movement of goods.
Here’s how a transportation management system will completely transform the efficiency of your supply chain.
With increasing access to data, it can be difficult to hone in on the information relevant to shippers. Here’s how to determine what data to analyze.
Here’s how trends in U.S./Mexico cross-border operations are shaping today’s supply chain.
Freight is a key part of most companies’ transportation expense. Along with ensuring freight bills are accurate and reflect contracted terms—a key capability—freight payment and audit firms can add even greater value.
Lengthy, months-long selection processes are a thing of the past. For roughly two-thirds of shippers, the focus is on improved efficiencies, execution, and visibility. For these companies, a modern TMS can be live and saving money within weeks or even days.
Shippers are increasingly learning that to uncover efficiencies and forecast effectively they need visibility into their supply chains—including their payment process.
With no standard terminology in an already-complex industry, it’s not surprising that so many TMS buyers have trouble figuring out the differences between solutions and which one best fits their needs. Here's how to cut through the confusion.
By paying attention to these six metrics, over‐the‐road shippers can make informed decisions to get their desired mix of cost, coverage, and performance from their carriers.
How will blockchain technology impact the future of the supply chain?
Rick Erickson of U.S. Bank explains how to deal with increasing regulations, demand volatility, and shifting global trade currents.
Freight remains a key component of most companies’ transportation expense. Along with ensuring the freight bills are accurate and reflect contracted terms—a key capability—freight payment and audit firms can add even greater value.
For many shippers, choosing the right transportation consultant can become a difficult, time-consuming, and frustrating process. Here are five keys to finding the optimal partner.
This story looks at ways in which 3PLs help small and midsize companies implement and take full advantage of information technology.
To compete in this fast-paced economy, companies must look for every efficiency possible within their supply chain.
One of the common gripes voiced by organizations implementing logistics IT solutions is that the solution ends up costing more than expected. Use this advice when looking at prospective providers.
Freight audit and payment companies help shippers find the hidden cash in their supply chains by eliminating overbilling, and paying invoices accurately and quickly.
Shippers get the most out of freight payment services when they make it a primary discussion topic internally and among peers.
Having a Master Plan in place at your port makes operations more efficient, and makes the port more attractive to prospective partners.
The key to any successful relationship is communication. Your logistics network is no different.
Shippers, carriers, 3PLs and brokers who are not fully utilizing their transportation management systems to secure capacity and manage global trade may be leaving money on the table.
Shippers desperately seek capacity in the midst of a record shortage.
Shippers must maintain flexibility in their data-driven transportation policies.
Tracking carrier performance metrics gives shippers insight into how well trucking companies serve their needs.
Managing transportation strategies requires a team effort — and sometimes a ‘dedicated’ transportation partner.
Motor carrier safety standards dictated by state courts create confusion. National safety standards are more effective.
Intertape Polymer Group outsourced transportation to gain control of its diverse product line and protect profit margins.
Hospitals can cut costs by improving supply chain operations, inventory control, and transportation management.
State of Logistics Report predicts moderate growth for freight industry in 2014; freight brokerage M&A shakes up industry; FMCSA extends comment period for ELD rulemaking; Online consumers willing to pay more for sustainable delivery options; Shippers register growing discontent with parcel carriers and trucking companies; University of Kansas MSB program prepares active-duty military for private sector roles
Transportation forecasting lets shippers collaborate with carriers to identify capacity gaps and reallocate assets.
Managing loss and damage claims can be challenging for shippers. Claims processing providers can facilitate and educate.
Freight audit and payment provide the control needed to meet the challenges of managing global freight spend.
Pepsi Logistics Company Inc. automates the creation and delivery of carrier and shipper invoices.
With an integrated transportation management software (TMS) platform, service providers can gain complete visibility over their diverse and complex operations.
By strategically leveraging supply chain data, companies can win in their industry and increase enterprise value.
Clear transportation management strategy and technologies allow companies to deliver superior service at lower cost.
Freight payment services allow shippers to pay all their freight transactions and get full visibility into the process.
Using a TMS for carrier selection allows shippers to load standard business rules to achieve predicted outcomes.
Companies interested in automating their transportation management processes should examine their current capabilities.
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.
An enterprise logistics provider delivers holistic solutions that transform your business.
Fluctuating fuel prices, Hours of Service rules, and other factors make optimized routing and scheduling vital.
Shippers and trucking brokers must understand the differences among the service levels carriers offer.
When choosing core carriers, evaluate customer service, on-time delivery, company stability, and workforce quality.
Sean Vasquez manages EDI and transportation for Sun-Maid Growers of California.
Warehouses and DC networks adapt to changing supply chain trends; U.S. FTZ activity continues to grow; Trendset malfeasance raises red flag for shippers.
Exploring intermodal transportation's potential.
Automating supplier payments through commercial cards helps companies facilitate their payment process.
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
Larry Montreuil, director of supply chain management at JetBlue Airways, negotiates sourcing and purchasing deals that let the airline soar.
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.
As e-invoicing and procure-to-pay networks have evolved into broad-based business networks, advancements now enable professionals to finally connect all the dots in the supply chain, writes Shan Haq of Transcepta.
Transportation management systems (TMS) provide the ability to accurately predict shipping costs and manage shipment execution. A comprehensive TMS solution can also manage inbound shipments, serve as an RFP analysis tool, or facilitate real-time spot market quoting for appropriate modes, says Kerry Loudenback of TransportGistics Inc.
Transloading shipments allows shippers to reduce touches and costs, and create greater flexibility to respond to changing demand in global shipments.
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.
To avoid overpaying for transportation, shippers should audit freight bills to ensure the correct National Motor Freight Classification (NMFC) is applied to their less-than-truckload (LTL) shipments, says Chuck Fattore of RR Donnelley Logistics.
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.
An ounce of prevention is worth a pound of cure. Conduct a financial checkup of your potential 3PL partners before you sign the contract.
Schwan’s Home Services optimized its distribution network by using a hybrid insourced/outsourced model; and Sun-Maid Growers of California used collaborative distribution to create better economies of scale in its transportation operations.
Shippers must develop clear and effective request for pricing (RFP) processes to secure the best less-than-truckload service. Danny Slaton of SMC3 offers tips for developing better RFPs.
Transloading services transfer ocean cargo at port – without sorting it – for shipment to a single destination, such as an inland distribution center.
A global trade management (GTM) solution can automate the process of comparing total landed costs, providing shippers with full visibility into all associated costs and regulations.
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.
Help vendors comply with your routing guide by including carrier contact information and other relevant freight shipping details, says Harold B. Friedman of Data2Logistics.
Routing guides are a vital part of successfully managing inbound shipments. A clear, concise routing guide helps vendors meet your specifications for inbound transportation.
Global freight audit and payment providers can help shippers gain valuable insight into their global supply chains while overcoming challenges such as harmonizing multiple currencies, capturing data in foreign languages, data cleansing, and meeting archival requirements.
John Haber, founder and CEO of consulting firm Spend Management Experts, offers tips for managing freight costs wisely.
Electronics manufacturer Siemens switches from air freight to over-the-road transport for cross-border shipments from Mexico to the United States and Canada, cutting 35 percent from its transportation costs thanks to CFI Logistica.
Small companies face challenges in meeting the rules set out in vendor requirements manuals. Best practices help them comply with retailers’ supplier requirements successfully.
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.
When baseball cap maker New Era’s business growth hit critical mass, it realigned its distribution operations, fusing Menlo Worldwide Logistics’ outsourced solutions with its global supply chain.
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.
Plumbing fixture manufacturer TOTO Global Group’s U.S. division tapped third-party logistics provider Transplace to benchmark its truckload, less-than-truckload, and intermodal freight spend.
Leading wholesalers understand the limitation of planning transportation in a silo, writes Manhattan Associates’ Mike Mulqueen.
Freight payment and auditing services can unlock money-saving operations data.
A new inbound/outbound logistics operations solution helps pizza chain Papa John's handle rapid expansion.
Carrier-supplied data can provide valuable insight for writing contracts, but shippers who want to pave the way to strong business relationships must dig deeper.
Colgate took more than four million miles out of its network while handling five percent more cases of product – and even managed to cut logistics costs, sharing the savings with customers and suppliers.
Innovative supply chain management delivers financial benefits to your bottom line.
The amount of effort top-tier shippers put into carrier management directly affects the results they achieve in controlling parcel transportation costs, writes Harold Friedman of Data2Logistics.
Measuring against industry benchmark data allows you to identify areas for improving transportation spend.
Charlie Hitt, 3PD Inc., offers tips for implementing a successful core carrier program.
For pet supply retailer PETCO, honoring its commitment to superior customer service meant finding a loyal logistics partner.
John Haber, NPI, outlines five market concerns that will have the biggest impact on shipper spending in the near future.
Freight payment services can make processing carrier invoices easier and enhance freight spend visibility. John Stitz of enVista offers tips on working with freight payment and auditing services.
Natural pet food manufacturer WellPet partnered with Aspen Logistics and Kane is Able to improve its supply chain and warehousing operations.
Wherever you went, attendees at the 2010 CSCMP Annual Conference were talking supply chain risk, volatility, disruption, and visibility.
Shippers must consider multiple factors when they work with service providers to move expedited freight.
Moving cargo by air in Alaska requires expertise in transportation and logistics management.
Faced with challenges such as a capacity shortage and lack of qualified drivers, companies that ship product by truck are learning that working collaboratively with carriers can benefit both parties.
Today's shippers have the ability to access information captured by their freight bill payment service providers to make more informed decisions about carrier selection, service utilization, and cost allocation.
Inbound Logistics Publisher Keith Biondo outlines how Walmart is taking inbound logistics to the next level.
Retailers publish routing guides to establish rules for manufacturers, wholesalers and distributors to follow when fulfilling and shipping orders. Here are the benefits of establishing a routing guide.
ProFlowers' time- and temperature-sensitive shipments create plenty of challenges for John Kuehn, senior vice president of supply chain operations. Here's how he nips problems in the bud.
Transportation forecasts enable planners to shift from reacting to orders to proactively managing capacity. By synchronizing transport forecasts with manufacturing and distribution plans, your entire company can respond to the same demand signals.
A professional freight forwarder that represents the interests of all supply chain participants can serve as the missing link in supply chain communication.
Benchmarking before negotiating carrier rates can be a money-saving opportunity, writes Niko Michas of BridgeNet Solutions.
To optimize transportation management into the supply chain, it's critical to integrate transportation management best practices, process management and people across the entire supply chain, writes Geoff Comrie of Transite Technology.
Co-loading truckload and less-than-truckload shipments can reduce transportation costs, lead times, and shipment damage.
With RateLinx’s TracLinx module, an electronics retailer gained accurate tracking data and corrected sequential issues in real-time, allowing the company to make better logistics decisions and drive other initiatives.
Inbound Logistics offers this annual guide of some top TMS providers and solutions that can put you on the right road toward improved transportation management and performance, regardless of the business conditions. Take a look at our 2020 TMS Buyer's Guide.
Supply chain visibility is one of the key drivers to a company’s success, yet still remains a top challenge.
A low-cost provider may produce short-term savings but will not deliver sustainable efficiencies and the level of service shippers expect. Strategic partnerships that are mutually beneficial stand the test of time and drive waste out of shippers’ supply chains.
COVID-19 has created unprecedented challenges for supply chain and logistics management, and the pressure is on to deliver essential supplies, such as toilet paper and food, to consumers on time. Successfully delivering a product on time involves many factors, and labeling shipments correctly is one of them.
Multiple orders moving the same day to the same customer but on different bills of lading add up costs for shippers. The solution is to consolidate them.
Third-party logistics providers are future-proofing supply chains, using a toolbox filled with business insights, predictive capabilities, and other new solution sets.
Walmart Canada and DLT Labs™ today announce the launch of Walmart Canada's blockchain-based freight and payment network, the world's largest full production blockchain solution for any industrial application.
The world’s leading provider of receipt and innovative label solutions turned to GlobalTranz to create visibility, enhance communications, and fully merge acquired businesses.
Transportation is evolving rapidly, thanks to supply chain technology powered by data and analytics. Digitization is driving big changes that can help meet the pace of change.
By utilizing nVision Global’s Impact TMS, a shipper saved more than €34,000,000 by avoiding expedited freight costs. The company improved transportation planning, optimization capabilities, workflow management, and exception handling.
The variety of transportation management systems available can make it difficult for shippers to target the solution that is the best fit for their organization. Experts say companies should strive to identify the features that will support their unique operation rather than falling into the trap of chasing options that will not provide a useful impact. The process for selecting a TMS should be marked by disciplined decision-making and a focus on the business case.
Shippers experienced a range of supply chain challenges in 2018, according to results from Averitt Express' fourth annual State of the North American Supply Chain survey.
The University of Wisconsin-Superior is located on the shore of Lake Superior where a major international transportation hub serves world markets using all five modes of transportation. But it isn’t just the location that makes the University of Wisconsin-Superior’s undergraduate Transportation and Logistics Management (T&L) program unique.
A profile of Lori Fellmer, vice president of logistics and carrier management with BassTech International.
Inefficiencies at the dock can cause long lines of trucks outside a warehouse, congestion on access roads, delayed deliveries and long driver wait times, all with the potential of accruing steep detention fees. European logistics managers deal with these inefficiencies—resulting from space constraints and too few docks for trucks—on a regular basis.
Managing transportation has become increasingly challenging as customers grow more demanding and the driver shortage constrains capacity. Consider these three innovations, which can deliver short-term return on investment:
In light of a strengthening economy, business owners, controllers, and chief financial officers (CFOs) at companies in need of shipping solutions should evaluate their fleet needs and understand their equipment and financing options.
James Welch, CEO of YRC Worldwide, discusses his leadership philosophy.
As the supply chain faces factory closures and limited access to employees and logistics to move goods amid the COVID-19 outbreak, leaders can help ease disruption by focusing on their workforce, products, and costs, according to Gartner.
Decisions made with incorrect data lead to no cost savings and compounding incorrect data throughout the supply chain. Here's how to make sure your data is sound.
Partnering with a 3PL that offers a comprehensive transportation management system can help your enterprise take control of the LTL spend.
Growing demand for low-cost services and a rapidly expanding e-commerce sector will boost the market valuation of third-party logistics (3PL) to $1.8 trillion by 2026.
The clearer your RFP, the easier it will be for 3PLs to understand your requirements and provide you with the information you need to make an informed selection.
Bid management software can collect responses automatically within seconds of the carrier submitting them which allows you to focus on strategic initiatives with the time saved.
Practical steps that shippers can take to improve their success in securing capacity.
Switzerland digs into an ambitious initiative: a vast underground network of tunnels transporting cargo.
As freight payment processor IPS Worldwide heads to bankruptcy court, shippers are reminded how important it is to be diligent when choosing a freight bill processor.
Even the mighty Walmart is not immune from the challenges of recruiting and retaining qualified drivers.
This story examines factoring, supply chain financing, and variations on those strategies that trading partners use to optimize their cash flows.
Advances in technology, increasing globalization, and the growth of e-commerce are upending the traditional freight bill audit and payment industry.
In an increasingly competitive marketplace, advanced analytics is the key to gaining access to hidden insights about your business that can drive growth and improve performance.
The business case for capitalizing on record freight volumes is clear. Here’s how to unlock immense sums of money in the supply chain.
Supply chain financing allows companies to delay paying for transportation or goods while suppliers are still paid quickly – for a fee. While it might seem counterintuitive, participants say it’s a win-win for all. Here’s how it works and trends worth watching.
Supply chain managers face many types of risk on a daily basis—cargo theft, natural disasters, long lead times, and unpredictable demand. But none is currently at an inflection point quite like debt.
Profile of Denis Reilly, president and CEO of Kenco Logistics
Manufacturer of drywall and joint compound USG partnered with Transplace and was able to reduce the delivery time of its product from 6 weeks to 48 hours to Mexico—leading to double-digit sales growth.
All fleets will have to adopt electronic logging devices (ELDs) starting Dec. 18, 2017. The result will be a tightening of capacity for shippers. Here’s how to prepare.
Aurora Plastics automates resin off-loading process and avoids costly inventory and quality management errors with RFID reader hardware from Janam Technologies and customized software applications from Quest Integrated Solutions.
Companies in Asia Pacific place more importance on green transport than other regions do, according to DHL’s latest research report on ground transportation logistics.
A client looked to PLS Logistics for a way to drive real-time visibility, performance and cost savings to allow each of its 200+ office locations to operate effectively.
Transparency, honest communication, and a commitment to forming a true partnership with shared goals and values are keys to successful supply chain collaboration between shippers and their third-party logistics providers.
Mobile weighing technologies meet the emerging “need for speed” trend by providing a means of weighment at the point of loading and unloading. They do this while at the same time immediately communicating a wealth of specific business and logistical data, eliminating inefficient traffic patterns, and improving safety by reducing traffic congestion.