5 Questions to Ask Your DFM Provider
Technology is at the forefront of the evolution of supply chain and logistics. Shippers, carriers, and logistics service providers must embrace automation and other technologies to reduce costs, increase productivity and improve compliance in order to achieve operative and competitive advantages.
Digital Freight Matching (DFM) is one of the hottest buzzwords in logistics, but is it the right solution for your transportation needs? In this article in Logistics Management, GlobalTranz CTO Greg Carter offers five key issues for shippers to consider when evaluating a digital freight matching provider.
Walmart Is Tightening OTIF Requirements. Can Suppliers Step Up Their Game?
Rachal (Snider) Jordan, GlobalTranz’s VP Customer Supply Chain, shared her thoughts with SupplyChainBrain regarding Walmart’s recent announcement that it is tightening its OTIF (On-Time/In-Full) requirements for suppliers:
“Changes in the manufacturing landscape, driven by customer demand for more product options, will complicate efforts to meet Walmart’s tougher OTIF standards. Manufacturers can no longer optimize their plants with large production runs. What’s more, the coming of e-commerce and the omnichannel is reducing the number of full pallets shipped in favor of small packages — all of which makes for a more complex supply chain. ‘For every 10 SKUS in a Walmart store,’ says Jordan, ‘the omnichannel wants 100.’”
“At the same time, shippers should be preparing to meet not only Walmart’s new OTIF standards, but even tougher ones in the years ahead. ‘They should imagine a 95-percent [minimum] throughout the industry within the next five years,’ Jordan says. ‘We’re already setting ourselves up for that expectation.’”
For additional insights, please click here to read the full article.
Your business is growing, and so are the demands being placed on your transportation. You’ve made it this far with a creative use of spreadsheets, endless hours on the phone with dispatchers, drivers, and customers. Maybe you’ve started to notice that little details are starting to slip through the cracks, and you are not meeting your customers’ expectations. If it seems harder to stay on top of it all, maybe it’s time you considered implementing a Transportation Management System (TMS).
Here are some telltale signs that the time is right:
Whether you choose to implement a TMS yourself, or with the help of a 3PL or Managed Transportation Services partner, the team at GlobalTranz is ready to assist you. If future growth is part of your plan, and it undoubtedly is, there is never going to be a better time than right now to start seriously considering a TMS. Your future self will thank you.
Learn how you can manage your supply chain and logistics operations with advanced TMS technology. Call 866-275-1407 or get a demo.
How To Maximize the Value of Your Managed Transportation Services Partnership
Managed Transportation Services (MTS) are being increasingly embraced by shippers. While there are many articles and case studies extolling the reasons why shippers choose to implement an MTS partnership, there are few resources that share how shippers can partner with their MTS provider to get the most value out of the relationship.
According to Ross Spanier, GlobalTranz’s Sr. VP of Sales and Solutions, “I have seen firsthand how organizations that focus on the ‘how’ as much as the ‘why’ often experience greater success right out of the gate.”
What are some of the best practices that drive this success? Please read this article in Logistics Viewpoints to learn more.
How to Choose a 3PL That Will Meet Your Company’s Needs
As supply chain and logistics management have become more complex, large and small corporations turn to specialized 3PLs to help bridge these widening complexity gaps. Research from the past few years has revealed that up to 90 percent of companies find value in 3PLs for their access to capacity, technology and innovative ways to improve logistics effectiveness and drive customer service levels.
Additionally, says GlobalTranz’s Ross Spanier, C-level leaders looking to save on logistics and supply chain operations are realizing it’s more profitable for them to focus on improving their company’s competencies and outsource day-to-day logistics and transportation needs. But how do you find the right 3PL that meets your needs and what should you look for? Prior to your 3PL research, know exactly what you want with a logistics partner. Prioritize your essential needs before you go “shopping.” To get started, here are five factors to help you choose the right 3PL.
5 Factors to Consider When Choosing a 3PL
Connect with an expert to see how GlobalTranz fares against your 3PL checklist.
Tips for Selecting a Warehousing and Fulfillment Partner
Shippers know that competing in today’s business environment demands more agility than ever. Changing consumer demands are putting pressure on supply chains, triggering shippers to shift their approach to both warehousing and transportation. Rather than relying on full truckloads delivering into regional DC’s, shippers are relying on more frequent less-than-truckload (LTL) shipments, originating from a larger number of warehouses (or even retail locations) located as close to the consumer as possible.
This shift has caused ripples throughout the supply chain, driving changing expectations in the B2B space as well. Competition for customers is intense, transportation costs require constant vigilance, and growth is often hard-won. Even when you are winning, effectively managing and sustaining that growth is a real challenge.
Simply put, selecting your warehouse location(s), and a partner to help manage your warehousing and fulfillment needs, is one of the most important decisions you can make for sustaining the health of your business. Here are a few tips for selecting the right partner for your current needs- and your needs in the future.
To discuss your warehousing and fulfillment challenges with our expert team, contact GlobalTranz at email@example.com.
Benefits of a 3PL Go Beyond Saving Money on Transportation Costs
Shippers of all sizes are increasingly turning to Managed Transportation Services providers to help them reduce total landed costs, create standardization and visibility, and drive efficiencies.
Iconex is the world’s leading provider of receipt and innovative label solutions for the retail, restaurant and banking industries. In 2017, Iconex acquired two companies and was seeking to fully integrate them with the core business. It became clear that in order to fully merge the businesses, Iconex would need to unify their approach to transportation and logistics.
In this case study, Chris Cunnane, Senior Research Analyst at ARC Advisory Group, discusses Iconex’s logistics challenges with Kim Harper-Gage, Iconex’s Senior Vice President, Manufacturing and Supply Chain Operations. Iconex’s search for a logistics partner ultimately led them to GlobalTranz, and a Managed Transportation Services solution, including implementation of GlobalTranz’s custom TMS technology.
To read the case study, please click here.
There’s no doubt that a state-of-the-art transportation management system (TMS) has a proven ROI. According to ARC Advisory Group research, TMS users can save an average of 5–10 percent of their freight spend. Once more, as TMS prices have decreased over time—while capabilities have increased—just about any size business can now afford to employ the technology.
TMS platforms are more affordable and accessible than ever due to technology advances and the growth of cloud applications. At one time, the TMS was only accessible to the largest businesses and budgets, and it’s main capabilities were tracking and basic rate and customer management functions. Now, modern TMS systems encompass all aspects of the supply chain, from the time the order is placed until invoicing, and every step in between.
Top 7 TMS Benefits
Companies that use a TMS value these main benefits, highlighted in the article, “Making the case for TMS implementation” by FreightWaves.
But if you’re in the market for a TMS, what features and capabilities do you need? Below, we share the top seven capabilities you should expect when selecting your company’s TMS:
Top 7 TMS Capabilities
The Modern TMS: More Powerful, Affordable Than Ever
Improvements to TMS software over the past few years have brought us to a state where the systems are more powerful than ever, yet there’s an affordable option for any company wishing to take the plunge. When selecting a TMS, take enough time to explore your options and find a system that fits your company’s needs today, and expansion capacity for tomorrow.
Drive efficiency into your supply chain. Get a Demo of the GTZ TMS Platform.
US/Mexico Border Closure: What Shippers Need to Know
In his latest salvo intended to end the immigration stalemate, President Trump has threatened to close the U.S./Mexico border completely, threatening to severely curtail or completely cease the estimated $1.7B worth of daily trade between the two nations. A dramatic action of this sort could trigger a variety of outcomes, from a drastic shortage of avocados to outright economic calamity. For shippers that rely on the free flow of cross-border commerce, being prepared for any possible scenario is not simply prudent- it could be the difference between the success or demise of their business.
Through our Monterrey, Mexico office, we have gained unique insights into the current state of cross-border shipping. Due to a shift of 750 Customs and Border Patrol officers and resources to other parts of the border, we are already seeing lengthy delays at border crossing points, particularly in El Paso, Laredo, Nogales, San Ysidro and Otay Mesa. Wait times from Ciudad Juarez, Chihuahua into El Paso have exceeded 10 hours, and have led to lines of waiting trucks as long as 10 miles.
These delays impact the #1 mode of cross-border shipping- over-the-road transportation. To put the volume in perspective, Laredo alone sees over 16,000 daily truck crossing and represents almost 50% of the total volume. Transportation delays are more than simply frustrating- they are costly to shippers in that they can result in noncompliance fines for late deliveries, and they deplete the available Hours of Service for carriers, resulting in a decrease in their productivity.
How can shippers mitigate the effects on their supply chain? According to David Henry, Regional Manager, Mexico for GlobalTranz, it is critical that shippers begin planning for any number of potential scenarios. “Shippers need to plan for the worst-case scenario: a closure of the border,” said Henry. “A border closure may halt not just truck shipments but rail shipments as well,” Henry continued. “Shippers that rely on cross-border transportation can take a page from the ocean and air importer’s playbook and should consider front-loading shipments of necessary goods and materials to prepare for a possible closure,” said Henry.
If a border closure does go into effect, shippers will also need to plan for continued disruptions when the border reopens. Shippers should assume that border crossings will remain slow and capacity will be constrained as a backlog of shipments slowly eases. “Communication is the key,” said Henry. Even though the border remains open, “shippers must work closely with their 3PLs and carriers to develop and implement contingency plans now. It’s better to have a plan and not need it than to need a plan and not have one.” To learn more, please contact firstname.lastname@example.org.