Logistics is a major spend for manufacturers. Even though transportation accounts for roughly 5 to 15 percent of cost of goods sold, freight planning is terribly inefficient. In the past few years, almost every large cost center in supply chain has benefited from sophisticated software planning systems. Why then is transportation still being planned by spreadsheet? The silver lining is that rethinking transportation planning remains one of the few untapped levers for manufacturers to make significant cuts in operating expenses, boost earnings performance and create new cash flows to reinvest in the business.
IW Reports: Rethinking Transportation Planning
Having access to accurate freight forecasts paves the way for a new level of carrier collaboration.