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Digital Supply Chain Transformation at Kraton
“You have to live the pain to know how to make it better going forward.”
Those are the words of Danny Wong – and Danny is a man who knows. His theme: how to prepare for, approach and execute game-changing digital supply chain transformation. As the Director of Global Business Process Center of Excellence at Kraton Corporation, a manufacturer of specialty polymer and pine chemical solutions, Danny has had a front-row seat directing the chemical giant’s multi-phase transportation efficiency program.
Reduce The Risk of Freight Fraud
Strong business relationships are built through trust and confidence. Platform security and visibility tools can help the transportation sector forge collaborations to eradicate for good the growing menace of freight fraud.
How to win a flexible competitive advantage in transportation
How much of a factor is automation, real-time visibility and assignment strategy? Jonathan Raemdonck, Director of Operational Marketing at Transporeon, explains.
How to automate your freight audit process
Prevent unnecessary costs and save as much as 9% on your budget.
In the complex world of logistics, where millions of shipments navigate the globe every day, precision and transparency are paramount. One crucial aspect of this precision is freight audit, however, traditional methods struggle with the numerous challenges of modern transportation.
Autonomous Quotation: Automating the truckload quotation process
The freight forwarding industry has undergone a fundamental shift in recent years. With the rise of e-commerce and globalization, shippers are demanding faster and more reliable shipping options. In response, freight brokers and logistics service providers are under increasing pressure to deliver instant and accurate pricing to their customers.
Introducing Freight Audit: Pay what was agreed upon
Freight audit is often viewed as a routine and unexciting task, but it is an essential process that can save companies a significant amount of money. It also ensures compliance and strengthens relationships with carriers. A meticulous freight audit is a strategic move, uncovering overcharges, errors and discrepancies that, if left unchecked, could lead to significant financial setbacks. What supply chain and procurement managers need is a well-executed freight audit process, coupled with a digital, automated solution that saves the company time, money and headaches.
Optimize logistics decisions with Rate Benchmark
The dynamics of the freight market change constantly. During the last years the balance between supply and demand has shifted constantly and while it is vital for shippers and carriers to stay on top of the market, high quality data is scarce. As a result companies have to rely on gut-feelings.
Automate transports across all modes and flows
Supply chains still rely on people power, but that doesn't mean people should do all the heavy lifting. Automation has been revolutionizing industries and manufacturing plants for years, boosting productivity and business growth. Supply chain and logistics players have also started using automation to improve processes and operations, albeit at a slower pace.
10 burning questions on Autonomous Procurement
Learn from the best in the business on how to revolutionise traditional spot tendering.
Key Issues for Global Ocean Freight in 2023
Our Q3 survey of 2023 saw 24 ocean shipping experts, all ready to share their thoughts, insights and concerns about this challenging, but exciting industry.
Four things you never knew about Time Slot Management
There’s an old saying: a man with one watch knows the time. A man with two is never sure.
When it comes to keeping trucks on time at warehouses or distribution centres, keeping everything on time is more complex than checking your watch, but the effect is the same. The inherent organisational complexity of these systems requires the latest technology to keep everyone in sync and on time.
Use Transporeon to connect freight procurement and audit
Setting the stage for Integrated Transportation Management
Integrated Transportation Management (ITM) has emerged as a crucial aspect for organizations seeking to gain a competitive edge. Savvy managers now leverage state-of-the-art technology as a unique opportunity in their ITM initiatives to establish innovative transportation service arrangements and ensure they stay ahead of their rivals.
Resilience of Supply Chain
Discover the solutions that will help you navigate supply chain risks and leverage new opportunities for transformation.
Bust myths and bank benefits by joining the AI revolution
The spot-buying arena is rife with external frictions and uncertainties, including supply chain disruptions, market fragmentation, and price volatility. By investing in benchmarking data, businesses can establish guidelines for their operations, but such data often lacks practicality in the present moment. Although bid collection tools are widely used in the market, they fail to effectively explore the market or gather and utilise real-time data. Consequently, shippers find themselves becoming passive recipients of market rates, susceptible to price fluctuations, and acutely aware that they are not maximising their potential earnings.
Cut costs and boost ops with integrated visibility
Real-time Visibility (RTV) is so much more than a standalone capability. When integrated within your wider logistics processes it can help boost your service quality and bring down your costs. Bernhard Schmaldienst, Director of Transporeon’s Visibility Hub, explains.
How to become a shipper of choice
During the past year, the market situation has posed significant challenges for shippers as they struggled to find available carriers, resulting in lower tender participation. This put carriers in a strong position, as they had the advantage of being able to choose their preferred shippers, leading to higher rates.
What is "smart tendering" and why is it the future of spot freight procurement?
For the past 20 years or so, securing the best truckload spot rates has meant putting a bid out to quote with your carriers. The focus was either on securing the best price or getting the capacity as soon as possible.
Why the fragmented spot freight market is fertile ground for machine learning
The spot freight market is a chaotic, complex world that is rife with fragmentation. And in the background, a tangled web of processes is running to manage tenders, bids, offers, acceptances, ratings, and more. All in the name of securing spot capacity to move goods from Point A to Point B, on time and in full, while ensuring cost control and quality.
Truckload spot rate pricing
Understanding AI, machine learning and the role of science
With the state of the truckload spot rates market as chaotic and volatile as it is today, it’s getting harder for shippers to not only procure spot capacity but also to negotiate effectively and reduce tender rejections. As noted by Coyote Curve, a proprietary spot rate freight index, “On the (incredibly) bright side, the economy is opening back up as vaccinations increase globally and COVID-19 restrictions start to lift in the U.S. But this bullwhip effect is causing a lot of volatility and difficulty for supply chains everywhere.”
The power of predicting spot market freight rates to secure capacity
Understanding the freight market is a difficult and oftentimes elusive practice for shippers. Despite best efforts to control freight spend through contracted rates, shippers remain at the mercy of carriers when the market shifts and tender rejections lead to an increased need to source from the spot market. This was particularly true in the last two years, as shifting demand patterns created capacity constraints and sent freight rates soaring.
Strategy comparison: digital freight brokers vs smart tendering
A freight brokerage is a freight brokerage, digital or otherwise. Either way, the primary goal is to serve as a middleman who brings together shippers with freight to move with carriers that can make it happen. So, why the growing emphasis on “digital” freight brokers over the past half-decade, particularly in the spot freight market?
Spot freight happens: How machine learning is protecting shippers' budgets
AI and machine learning can help shippers use data analytics to automate pricing and tendering decisions in the often volatile spot freight market.
Achieving complete end-to-end visibility
The Transporeon Transportation Management Platform provides you with all the necessary tools to track global shipments across multiple modes from pick-up to delivery.
Bridging visibility gaps between ocean and land
How the new Transporeon Transportation Management Platform delivers a complete visibility package for overland and ocean
Top Issues Global Ocean Freight 2021 Q4
Transporeon’s Market Intelligence experts conducted a quarterly survey asking 165 ocean shipping experts about their Top Issues for Global Ocean Freight 2021.
Decarbonization in Shipping: Greening Ocean Transports
Global container shipping is a major contributor to ocean pollution. Mechanical engineers, shipbuilders, shipping companies and authorities are working to make ships more environmentally friendly, but there are existing ways in which container ships can represent a greener option.
