Investing in a modern TMS will help you reduce your costs significantly. But be cautious, if you don’t cover the whole financial flow, a portion of these savings might go down the drain.
Why? Because the error rate on carrier invoices can range between 1-2% up to 25%, often not in your benefit.
So, how can you secure your freight cost savings?
It’s simple: you only pay for what you agreed on.
As we all know, transportation is a game of exceptions. Every planning is confronted with unexpected situations that might lead to additional costs like waiting time, toll, parking, road deviations, detention fees, just to name some.
Selecting the right carrier for the right shipment seems like an obvious thing to do. But all too often we see shippers struggling, still relying on spreadsheets and tribal knowledge to select the carrier they believe would be the best choice. Let’s face it, unconsciously, transport planners have their own carrier preferences, and this preference is often based on ‘easy to work with’ and not so much the most economical best fit.
Carriers play a vital role in successfully moving freight. And it’s a tough job. Especially the last decade, which is characterized by glooming trends like driver shortage, congestion, rising customer expectations and a continuous imbalance between transport capacity and demand.
Managing transportation in the Industrial Automation industry isn’t that straightforward. It’s characterized by an extensive transportation profile, ranging from parcel logistics for spare parts flows to project logistics for large turbochargers that need to be installed on site.
How people, processes, and technology converge to create successful TMS implementations.
Here are three reasons why your legacy TMS is doing your business more harm than good, and how a modern, cloud-based solution can solve all of those problems… and more.
The Belgian logtech scale-up SupplyStack launched its new Time Slot Booking solution today, and it comes as a welcome relief to warehouse managers who are desperately looking to bring order to the chaos. “The COVID-19 pandemic is stretching yard management to its limits. Not only has the volatility of incoming trucks increased, shippers are also implementing safety precautions, for example reducing the number of simultaneous drivers allowed on the yard.” said Alex Lisitzky, Head of Product and co-founder at SupplyStack.
How companies can use data, technology, and good supply chain visibility to navigate the uncertain waters of COVID-19.
Antwerp, April 6th 2019 - SupplyStack announces the closing of its series A funding round of €5 million, led by Participatiemaatschappij Vlaanderen and Mainport Innovation Fund and existing investor Fortino Capital. SupplyStack delivers an easy-to-integrate and flexible visibility solution that monitors transport orders in real-time. “SupplyStack helps supply chain and customer service departments to contribute to a better customer experience and overall supply chain collaboration. With this new funding in place, we can tap into new European markets and go after our ultimate goal: turning the supply chain into a competitive differentiator and putting the end customer first”, explains Nick Poels, CEO of SupplyStack.
Visibility is a broad term!
For chemical companies who are dealing with complex and/or dangerous shipments, there can be real added value found throughout the supply chain when real-time visibility data complements a supplier’s existing information.
Centralizing all transport execution information in one place and providing real-time visibility.
This is a must read for everyone that is eager to get an overview on their current transport execution processes and lack the possibility to intervene in real-time where needed.
