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Expect These Three Transportation Trends in 2019

Manufacturers contributed $2.33 trillion to the U.S. economy just in the first quarter of 2018. Their impact on the global economy is tremendous. However, the manufacturing industry is also vulnerable to the fluctuating global economic, political, and social climate. They rely on transportation and logistics to both receive their raw materials and deliver finished goods to consumers. Whether you ship globally or simply within your region, trends affect your business. As we march through 2019, here are three trends to pay attention to: Data is King Data is transforming the transportation and logistics industry. ”[People] are better [at] leveraging data to make decisions, and there are more sophisticated conversations between shippers and carriers to deal with the economic levers,” stated Logistics expert Adrian Gonzalez in a recent Talking Logistics interview. Having access to key data allows you to consolidate shipments and optimize freight movement. It’s how big players, like Amazon, can [...]

By | 2019-03-14T20:36:10+00:00 March 14th, 2019|Transportation|0 Comments

How to Choose the Right Freight Auditing Software for Your Company

According to research by Texas A&M, 80% of shippers usually overpay for their freight. This can significantly hurt their bottom line considering over 50% of their expenditures go into transportation. For this reason, many shippers are adopting innovative strategies for auditing their freight payments, including the use of freight invoice auditing software. However, in this digital era, the last thing you want is to choose antiquated software. You need to identify, review, and pick a product that streamlines your supply chain and offers innovative features that create efficiencies. So, how can you choose one? 1. Review the Features The efficiency of freight payment auditing software depends on the type of features it offers. Experts recommend picking software that emulates the services provided by professional auditing and payment service companies. The key capabilities to consider are interactive reporting, insightful metrics, invoice management, audit & analytics, and user customization. Tender tools and order management systems [...]

By | 2019-02-11T15:10:29+00:00 February 11th, 2019|Software Benefits|0 Comments

4 Ways AI Will Impact and Improve Supply Chain Optimization

Once a popular theory in sci-fi movies, Artificial Intelligence (AI) has vastly grown to become a common topic in the mainstream media. In fact, over 20% of enterprises are using AI in the core parts of their business. From cybersecurity to energy to healthcare, the applications of AI are unlimited. Now, the revolution is spreading across the supply chain industry. From improving demand forecasting to managing order deliveries, AI has the power to enhance your entire supply chain. Here is how it can impact your supply chain optimization. 1. Better Data Analysis Businesses usually collect lots of data on clients, markets, and operations, but any supply chain professional will tell you that analyzing this data is hectic. With AI, it’s easy to take into account a variety of metrics and factors, especially when enhancing demand forecasting accuracy. You can also take advantage of predictive analytics during supplier selection to improve your supply [...]

By | 2019-02-11T15:05:07+00:00 February 11th, 2019|Software Benefits|0 Comments

Anticipating Worst-Case Scenarios Using Freight Audit Software

The success or failure of any freight shipment is hinged on many aspects that are beyond a company’s control. While a transport company may do everything in its power to ensure a positive delivery, several factors can affect the shipment’s success, even after checks and quality assurances have been made. International political tensions can affect gas and oil prices, which can (and does) affect the customer’s wallet. Snowstorms can cause significant carrier delays and bottlenecks along the supply chain, and even workforce conflicts can interrupt deliveries, such as Canada Post’s December 2018 strike that effectively killed their all-important before-Christmas-guarantee arrival dates. Other disruption risks include: New national and international regulations Terrorism IT blackouts or cyber attacks Employee turnover With the forces of nature constantly at play, how can transportation and logistics companies anticipate these potential delays when (not if) they happen while still offering the customer a solid and consistent [...]

By | 2019-02-04T15:37:13+00:00 February 4th, 2019|Software Benefits|0 Comments

How Freight Audit Software Can Improve Company Efficiency

Ineffective company procedures and lack of transparency can slow down outbound shipments and cause unnecessary expenditures, not to mention a loss in customer satisfaction. Freight audit software is such a game-changer in the transportation and logistics industry that it makes more sense to ask, “how can’t it improve company efficiency?” rather than “how can it improve company efficiency?” Enterprises don’t exist in a vacuum outside of digital technology, and there are so many benefits to switching to automated in-house freight auditing. Here are just some of the improvements your company can expect from freight audit software, courtesy of Orca Intelligence. Actionable Analytics Lead to a Better Supply Chain Management Imagine receiving timely data that you can leverage to improve your business’ billing, shipping, and tracking for each carrier? The analytics you receive with freight audit software empowers you to make better business decisions from every step in the supply chain. [...]

By | 2019-02-01T15:07:17+00:00 February 1st, 2019|Software Benefits|0 Comments

Everything You Want to Know about Freight Auditing

Freight auditing, as intimidating as it may seem, is an essential process within any business that deals with the shipment of goods to customers through carrier companies. The process allows your company to clarify its invoices and monitor transportation expenses. While your business may not be completing its freight auditing entirely on its own, it is still important to have a basic understanding of the process. This knowledge will give you a deeper insight into how your company operates as a whole. To get you started, here are some essential points that will give you a better grasp of the auditing process. Bill of Lading vs. Freight Bill A bill of lading is an official contract that provides essential information about a shipment, including details such as its value and weight. This contract is used as evidence of a transaction occurring between the shipper and the carrier. A freight bill—or [...]

By | 2019-01-22T16:39:36+00:00 January 22nd, 2019|Uncategorized|0 Comments

The Benefits of Supply Chain Optimization

Supply chain logistics have always been cost-driven, leading businesses to place a lot of attention on transportation logistics and manufacturing expenses. However, businesses have developed game-changing strategies designed to optimize their supply chain. You may be wondering how you can optimize your supply chain to gain the most out of it. You need to identify, meet, and solve the various challenges the supply chain presents to innovate within your industry. But what are the challenges, and how can you establish a flowing supply chain with maximum ROI? Looking at the Big Picture Pays Off in the Long Run Local optimization within a supply chain is like putting blinders on a horse; a problem in part of the supply chain is fixed, but it causes new issues further down the chain. When it comes to running a business, the “here and now” philosophy doesn’t belong if that business wants long-term [...]

By | 2018-11-29T18:45:14+00:00 October 15th, 2018|Uncategorized|0 Comments

How to Improve Transportation in Your Supply Chain

Is transportation the weakest link in your supply chain? Countries are working on drone delivery to change logistics and add a new facet to the transportation industry. But we’re not there yet. We still have fuel costs, volume density, and other requirements to worry about on trucks, planes, ships, and trains. Depending on your situation, you may need customized solutions, additional funding, or better technology. Since 2014, most supply chain managers have been working towards strengthening the methods of  transportation we use every day with the goal of refining operations and improving their bottom line. Looking for ideas on how improve your transportation methods? Orca is here for you! Invest in Infrastructure Canada’s Trade and Transportation Corridors Initiative (TTCI) declared in 2016 that they would be investing in trade and transportation projects over the course of the next 11 years. Why is this important? Companies rely on a solid [...]

By | 2018-10-23T15:41:27+00:00 October 15th, 2018|Uncategorized|0 Comments