Posts Tagged “technology”
The Importance of Leadership in a Restless Economy
Authored by SMC³ on January 29, 2024
SMC3’s Jump Start 2024 conference began with Andrew Slusher, SMC3’s CEO, noting record-high attendance. Drawn by the promise of dynamic conversation on the state of the supply chain, participants saw the first day unfold with a series of presentations that varied from the qualities of leadership to what macroeconomic trends to expect in the coming year.
How to Future-Proof Your Supply Chain from Freight Embargoes
Authored by SMC³ on January 11, 2024
The less than truckload (LTL) industry is no stranger to freight embargoes. They have become more common in recent years as the COVID-19 pandemic upended the supply chain world and led to temporary LTL service outages due to surging demand and constrained carrier capacity. Freight embargoes are imposed by carriers in a range of forms — timeframe, geographic region, or specific freight characteristics, just to name a few.
Is technology a competitive advantage in the modern supply chain industry?
Authored by SMC³ on January 4, 2024
New technology and the introduction of innovative supply chain solutions into established supply chain processes is one way to combat transportation issues. It seems as though the uptick in technology adoption, and a broader adoption of transportation management systems among even the smallest transportation companies, is a sign of how companies are now confronting a challenging supply chain arena.
Two-part series: Developing Symbiotic Carrier-Shipper Relationships & tools of the Data Scientist
Authored by SMC³ on December 22, 2023
What does it take to forge a productive, mutually beneficial relationship between shippers and carriers in today’s competitive LTL environment? As attendees at SMC3’s recent LTL webinar on the topic learned, it boils down to four things: partners sharing data, analytics, crucial insight, and getting to the “we.” In the third LTL online learning session, […]
Two-part series: Developing a Story with Data to Optimize LTL Decision-Making and the best practices to simplify the LTL RFP process
Authored by SMC³ on November 30, 2023
It shouldn’t surprise anyone that the supply chain and logistics industry churns through mountains of data to move products from the point of origin to the final destination. According to the American Trucking Association, there were 11.46 billion tons of freight transported by trucks in 2022 and you can imagine the volume of data generated […]
Activity-Based Costing Drives Better Business Decisions
Authored by SMC³ on November 16, 2023
The trucking industry has a significant challenge—knowing which customers and accounts are most and least profitable. Having this information can empower carriers to move freight more efficiently and cost effectively, which thereby improves the bottom line. This challenge took center stage at a recent TCA webinar where participants from SMC3 and XTL Transportation Inc. discussed how to make better business decisions through activity-based costing. When asked how carriers do costing today, the vast majority of the attendees said they rely on team member experience and knowledge.