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Supply Chain Technology

Technologies offer big-time potential for improving competitiveness, cost and customer experience by improving planning and implementation. Targeting the use of technology can dramatically reduce risk and accelerate growth. Many supply chains still use manual techniques like spreadsheets and printouts. DELIVER the right customer solutions at the right time and cost by launching advanced distribution resource planning, TMS and order fulfillment systems. ENABLE continuous improve by getting access to your data, gain visibility to measure the things that will drive better decisions to improve results.

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Trucking Generates $700 Billion

According to the American Trucking Associations’ trucking industry data report “ATA American Trucking Trends 2018” the U.S. trucking industry generated $700.3 billion in economic activity in 2017. That represents a 3.5% increase over the $676.2 billion generated in 2016.

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Trouble Finding Capacity?

Trouble Finding Capacity? Driver shortage, ELD mandates, increased fuel costs and fewer driver hours have caused a ripple effect in the market. Spot market rates are up 30% compared to 2017 and most analysts expect higher costs to continue in 2019. Solidifying partnerships with experts in the logistics and supply chain space is the key to controlling freight and labor costs long-term. 3PL’s provide access to reliable capacity through strong relationships to carrier networks. They identify challenges and solve problems with multi-model solutions and technology that helps mitigate freight market fluctuations. 1. Leverage Technology. In order to minimize costs and provide a better customer experience supply chain leaders must adopt a transportation management system (TMS) that drives operational efficiencies. The TMS should be integrated with your ERP, have the power to consolidate orders into shipments that are optimized across modes. By integrating the TMS with your ERP, that includes a Business Intelligence Platform, your team will get full visibility that allows predictive analytics to identify opportunities and make better decisions. Tracking of shipments within your TMS allows organizations to manage by exception. Tracking systems reduce operational overhead and limit the stress on the team by eliminating check calls and emails. 2. Explore Multimodal. With ELD’s a shipment that normally takes three days may now take four days. The ELD mandate opens up a fresh new way of thinking with the ability to combine rail with truckload or LTL to be more efficient and cost effective. 3. Become a Shipper of Choice. Solid relationships with carriers are required in market conditions where they are more selective with shipments they book. The organizations that reduce driver wait time, run smooth and friendly dock operations, provide a comfortable breakroom, clean bathroom and pay them quickly will naturally become the shipper of choice. There seems to be no end in sight with regards to the shortage of trucks. A strong U.S. economy has increased manufacturing, freight volumes and shipping needs. Total logistics expenditures (which includes, transportation, distribution, warehousing and value-added services) is now 11% of sales revenues (up 10% from 2017). Partnering with a technology driven 3PL could be your best solution to improve supply chain visibility, control costs and improve customer experience.

Increasing Supply Chain Visibility

Big data… one of the hottest buzzwords in business today. Data intelligence can be a dose of clarity for supply chain leaders shining a light on blind spots. CSCMP's Annual State of Logistics Report shares, "Roaring demand for transportation and logistics is causing capacity to tighten and wages to rise, pushing logistics costs to 7.7 percent of U.S. GDP in 2017." Can shippers find the capacity they need while fighting higher costs? The drive for better customer experiences and quicker delivery has caused a supply chain disruption causing businesses to …

STOP OVERPAYING FOR SHIPPING

As supply chain leaders your job is to deliver great customer experiences while controlling costs. In some ways, the shipping process is the backbone of your sales growth and retention. Your shipping process can be as simple as jotting your orders down on a piece of paper or Excel spreadsheet, then distributing them to your team to manage and track. A lackluster shipping process can create confusion and higher labor costs that lead to an out of control shipping expense on your profit & loss statement. This creates organizational inefficiencies …