GTS Blog

How to Mitigate the Costs of General Rate Increases

Posted by Ascent Global Logistics on Apr 1, 2017 1:00:00 PM

GRI season is upon us. With many of the major LTL carriers already announcing their
numbers, it looks like September will bring increases in the range of 4-6%. What can you do to prepare and possibly mitigate the costs of general rate increases?

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Topics: Cut Costs, General Rate Increses, GRI

3 Ways to Reduce Inbound Shipping Costs

Posted by Ascent Global Logistics on Mar 29, 2017 2:24:00 PM

All too often do organizations over simplify their inbound shipping program. Effectively controlling and managing the inbound chain is a difficult and ever evolving process that take a great deal of resources and collaboration. The smallest adjustment to your program can disrupt your entire supply chain process. Similarly, this program cannot be left unmanaged. Without management driving inbound to be a priority, it is typically not handled properly resulting in higher costs.

However, there is a great deal of opportunity to reduce cost within your supply chain. If handled properly, companies could improve predictability and reliability of their inbound shipments, improve service and operational excellence, while reducing cost within the supply chain.

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Topics: Vendor Inbound Management, Cut Costs

Transportation Evaluation: Where to Start?

Posted by Ascent Global Logistics on Mar 29, 2017 1:23:57 PM

As your business grows and becomes more dynamic, so does your supply chain. While your strengths lie in earning new business, marketing, and/or operations, it is difficult to dedicate the proper time to your supply chain. Growth is a time to reevaluate your current logistics process and find opportunities to streamline and save. But where do you begin this process? What type of evaluation is required to determine what the best fitting solution for your needs?

Before you begin talking to vendors or implementing changes, it’s important to gain full visibility of how your supply chain operates today and determine costs involved, both hard and soft. Below are 3 steps to take to determine the current state of your supply chain.

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Topics: Supply Chain, Logistics, Business Growth, Cut Costs, Logistics Bid Process

The Logistics Bid Process: Best Practices from Industry Experts

Posted by Ascent Global Logistics on Mar 29, 2017 9:18:01 AM

After a detailed evaluation of your logistics program and departments, your organization realized their need to partner with a third-party logistics provider (3PL) to more proactively manage their freight. Now that you have a greater understanding of your supply chain’s current and future states, it’s time to send a bid to a 3PL, but where do you start? If you have never sent a bid or Request for Proposal (RFP) to a 3PL, it can difficult to navigate what to include in your bid and which questions to ask during the bidding process. In this blog, the GTS experts weigh in on best practices.  

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Topics: Business Growth, Cut Costs, 3pl, Logistics Bid Process

Transportation Evaluation: When to Revisit your Freight Rates

Posted by Ascent Global Logistics on Mar 28, 2017 6:26:16 PM

General Rate Increase or GRI, is the average amount by which a tariff rate increases, which is applied to your company’s base freight rate. GRIs can occur multiple times throughout the year and it likely you have already experienced rate increases. Although each GRI may have a small impact on your overall logistics costs, over time they can quickly add up. As a result, GTS recommends revisiting your freight rates periodically throughout the year to ensure you are receiving the value you expect from your vendors. Below are 3 tips to keep in mind while reviewing your current contracts:

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Topics: Supply Chain, Logistics, Business Growth, Cut Costs, Logistics Bid Process

How Data Visualization Can Improve the Supply Chain

Posted by Ascent Global Logistics on Mar 28, 2017 6:23:56 PM

 The ability to effectively manage your supply chain has a direct impact on the organization’s bottom line and market share. With new customer demands and advances in technology, businesses must have visibility into their processes to ensure products are being delivered and meeting customer’s expectations, all while reducing costs. Likewise, the increasing complexity of today’s supply chains has made it more difficult to monitor and control related tools, activities, and procedures. By achieving visibility, managers can more effectively identify and manage risks in the supply chain and respond to customer demands and other complexities in real time. However, this is easier said than done.

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Topics: Supply Chain, Logistics, Business Growth, Cut Costs, Big Data

Avoiding Costly Shipping Mistakes: Linear Foot Rule

Posted by Ascent Global Logistics on Mar 28, 2017 6:22:30 PM

In a recent shipment, a GTS client ran into a costly shipping mistake that we often see. In this situation, the shipper faced additional carrier charges due to miscommunication. The freight was called into the carrier and reported on the BOL  with the dimensions of 40”x48” (13.3’); however, they loaded their freight on the truck as 48”x40” (16’). Since the shipper loaded their freight in the truck differently than they originally noted on their shipping paperwork, they exceeded the designated linear foot rule, resulting in additional charges. How does this happen?

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Topics: Freight, Cut Costs, Packaging Tips

Understanding Additional Carrier Charges & Tips to Avoid Them

Posted by Ascent Global Logistics on Mar 28, 2017 6:18:25 PM

Depending upon your shipping habits, you have probably, experienced the wrath of the carriers. Frequent shippers often run into a number of discrepancies and face additional charges for things that seem minor. While infrequent shippers struggle to remember all the little details to shipping that the carriers require for their process. Not adhering to the carrier’s long list of preferences can lead to additional charges and repeat offenders can land on a carrier’s ‘difficult shipper’ list. If a carrier finds on multiple occasions that your freight is not the weight, size or packaged as you originally reported, they will place you on a list to be audited each time you ship to ensure you are following best practices. Each discrepancy adds to the overall cost to ship.

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Topics: Logistics, Industry News, Vendor Inbound Management, Cut Costs, Packaging Tips

Close the Safety Gaps at Your Loading Dock

Posted by Ascent Global Logistics on Mar 28, 2017 1:31:10 PM

In a recently published blog we discussed simple steps to take for keeping your loading dock safe. Loading dock security improves safety, and a proactive approach helps to protect yourself from financial losses due to cargo theft, product damage or major product recalls.

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Topics: Cut Costs, Risk Management

Keeping Score with Your Carriers

Posted by Ascent Global Logistics on Mar 28, 2017 11:17:54 AM

Tracking key performance indicators (KPI’s) will help you know which carriers are keeping you on course to profitability. Using a scorecard that measures carrier performance promotes better dialog and provides a quantifiable way to measure the success of the relationship between all parties involved.

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Topics: Logistics, Cut Costs, Big Data