The lack of data in your freight management process is disrupting your supply chain and leaving your logistics team in the dark. Read this blog to find out the benefits of integrating data and freight analytics into your freight process.
Reducing costs is a key goal for most companies. Some expenses, however, are more difficult to see than others: they remain hidden, silently eating away at your profits whilst your competitors gain a critical pricing advantage from this lapse. The cost of manually reconciling freight invoices is a common example where organizations spending too much….
Research shows that only 30% of shipping quotes from forwarders are provided in 48 hours or less. 14% take over 4 days and over 40% of quote requests are never responded to. What happens when your forwarder does not quote to you in time?1. Your shipments get delayed because you don’t have clarity on the price…
According to freight waves, Businesses overspend on shipping by a minimum of 13% every year. In this challenging scenario, manufacturing companies and shippers are struggling to deal with soaring freight costs to secure competitive prices. Without an efficient solution in place, freight bidding can become a painstaking process that can take weeks of back-and-forth vendor…
This is your Auditor speaking, happy Friday to you. “Of the total 3600 shipments sent last year, please explain why in 2796 cases, export vendors with lowest quotes were ignored to give export orders to vendors who quoted higher prices. Please explain what kind of negotiations were done with the vendors for these 2796 shipment orders and…
Imagine you have 6 vendors for a particular service with the same offering, but you can buy from only one. How do you ensure that you get the best price? You mostly do simple negotiation. In simple negotiation, you call or email each vendor and ask for a quotation. Once quotes are in, you speak…