Subscribe to our free, weekly email newsletter!


Best Practices to Reduce International Freight Costs


February 07, 2012

The drive to capture the business benefits of low cost country sourcing has far out-paced the processes and systems needed to efficiently manage the global supply chain. A recent survey by Aberdeen identified that higher than expected transportation expenses was the primary factor in landed cost budget variances. Most importers do not have a formal solution to manage international transportation. Today’s TMS solutions are oriented to managing domestic transportation and cannot handle the complexities of containerized transportation and airfreight. Yet, technology holds the key to containing escalating international transportation costs.

According to AberdeenGroup’s recent report, Winning Strategies for Transportation Procurement & Payment, 81% of 380 enterprises surveyed with freight spend over $25 million plan to implement new transportation procurement and payment technology. And, the majority of respondents believe that a more sophisticated procurement and freight audit solution can save an average of 8.8% on their overall freight budget.

Amber Road delivers the transportation management and supply chain visibility capabilities you need to realize these savings through the manage, audit, and pay processes. Beyond execution, the solution also collects key operational metrics to better manage your transportation providers in areas such as invoice accuracy, booking performance and delivery performance. These can become important non-price attributes for the next sourcing cycle.


Download this paper:
Best Practices to Reduce International Freight Costs
Sponsored by:
image
* Indicates a required field
*Email:
*First Name:
*Last Name:
*Title:
*Company:
*Country:
*Address 1:
Address 2:
*City:
*State:
Province/Region:
*Zip/Postal Code:
*Phone Number:
Save my data on this computer (do not use on public/shared computers)

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

NRF's Jonathan Gold explains that the past year was replete with disruptions, slowdowns and partial shutdown, which can no longer be the norm, saying ports and dockworkers must adapt to ensure they provide shippers with the predictability and stability they need.

Last month, I gave a presentation to a group of senior transportation and supply chain executives. It was entitled “Predictable Surprises,” because it addressed how transportation and supply chain professionals can eliminate unpleasant surprises by looking at and evaluating issues in the transportation industry, and projecting how those issues will affect their companies.

The Port of Los Angeles (POLA) and the Port of Long Beach (POLB) said this week that they have formally established working groups, which they said will aim to seek new supply chain efficiencies, and focus on various aspects of port operations, including peak operations and terminal optimization in an effort to augment the San Pedro Bay port complex.

A month ago, the Shippers Conditions Index (SCI) from freight transportation consultancy FTR indicated that shippers might be traveling on a rocky road in the coming months. And one month later it appears those concerns appear to have been confirmed.

The American Association of Port Authorities (AAPA) had nothing but praise for the Senate passage over the past weekend of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015).

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA