Freightgate announces 2014 trends in the Logistics and Supply Chain Industry that will make companies more competitive and affect how they manage their supply chains.
As we prepare for the coming 2014 year, Freightgate announced today five trends in the Logistics and Supply Chain Industry that will make companies more competitive and affect how they manage their supply chains. Since the early 1990’s, Freightgate has been a leader in cloud computing and mobile applications for logistics and global supply chain management.
Trend #1: Compliance continues to be a key issue in Supply Chain Management
As businesses continue to expand internationally, organizations are increasingly putting their global supply chains and their reputations in the hands of neutral IT oversight spanning 3PLs, carriers, customs brokers, and suppliers. Supply chain compliance is now a vital component of logistics transactions and supplier relationships. In 2014, access to visibility and execution data will advance both supply chain conformity and transparency to help minimize and mitigate environmental, performance, process, and intellectual property risks. Freightgate incorporates the latest compliance and security design in all its logistics solutions based on user requirements.
Trend #2: Transportation Management Systems (TMS) will become more Hyper-Connected and Analytical as Global Trade expands.
Transportation Management Systems (TMS) usage and sophistication have been increasing over the last couple of years becoming more responsive and agile. Global TMS growth will continue to evolve to harness and encompass more business processes to provide both execution and analytical efficacy. Business Planning and predictive analytics is now being integrated to allow both shippers and carriers to more efficiently monitor supply demand cycles with synchronization in their transportation planning and supply chain events. A more collaborative approach in capacity management with aligned financial rewards will materialize in 2014. Freightgate’s mission, values, and vision to forming long-term mutual partnerships with shippers and service providers supports new best-in-class innovations in logistics management.
Trend #3: BIG DATA Improves Global Supply Chain Performance while quantifying Risk
The ability to capture and analyze huge amounts of data regarding shipment and transportation events as goods travel through supply chains around the World will continue to improve goal-setting and ascend in importance. Predictive analytics and business intelligence are becoming a decisive essential in developing supply chain strategies to improve effectiveness and efficiency of processes, and support innovation to enhanced logistics planning. The management of BIG DATA in 2014 will be the avant-garde underpinning for cost containment, capacity control, and risk management. Freightgate’s advanced capabilities in Business Intelligence (BI) for the daily management of logistics and global supply chains enables simplified analysis of big data to improve and optimize business decisions and in global supply chain performance.
Trend #4: Centralized Transportation Management delivers improved spend control, decision making and bottom-line results
Reductions in Transportation Spend Management in 2014 will be achieved by optimizing all aspects of business planning, vendor collaboration, carrier selection, and shipment logistics to centralized supply chain collaboration and decision-making. Transportation departments who once considered success as negotiating greater discounts from carriers will shift focus to a more comprehensive synchronized spend strategy concentrating on smaller incremental reductions and performance opportunities as goods move between suppliers, factories, warehouses, distribution centers and retailers across the entire logistics lifecycle. By breaking down silos and enabling a centralized holistic view to transportation management, overall net savings will be measured through reducing routing delays, improper documentation, poor collaboration, and greater in-transit inventory flexibility to changing retail trends. Additional savings in carbon emissions, finance charges, controlling inventory cycle and lead time will have a significant impact paying off by delivering improved bottom-line results and supply chain excellence. Freightgate supports corporate initiatives for multimodal transportation spend management and improvements in supply chain efficiency.
Trend #5: Cloud based Embedded Analytics will transform Supply Chain Departments
World-class companies and service providers are forming inter-departmental steering groups to manage their logistics development and supply chain expansion staying competitive in today’s dynamic and rapidly changing environment. In 2014 the increased demand for Supply Chain Analysts will drive efficiency improvements of shipping processes and reallocating supply chain department resources to identify and focus on critical supply chain risk hotspots. The daily monitoring, sharing, linking and interpreting supply chain analytics will be crucial. Logistics solutions companies, such as Freightgate, will continue to help shippers and carriers weed through terabytes of daily information to select its most useful components, and then use that information to formulate the best possible transportation decisions. Supply chain analytics will allow businesses to create useful key performance indicators (KPI) and incubate innovative ideas to successfully manage service levels and integrated relationships with their suppliers and customers.
Partner with Freightgate
Freightgate has consistently proven to be a thought leader introducing innovative software solutions to streamline the complexities of logistics and supply chain management. To schedule a No-Obligation Demonstration of Freightgate Logistics Cloud Solutions, please complete form at: www.freightgate.net/demo or Call Freightgate Sales at (714) 799-2833. Freightgate’s Logistics Cloud Platform, known as the Freightgate Universe, enables solutions empowering professionals on all levels to collaborate with global vendors and logistics providers seamlessly on a single common transportation sourcing platform for informed decision-making across the entire network. It encompasses ISO9001:2008-certified end-to-end transportation management processes from procurement, rate management, optimization, execution and visibility, carbon footprint, through invoice audit & pay. The Freightgate Universe is comprised of adaptive easy-to-deploy modules to help companies leapfrog into the 21st century with minimal start-up cost. Freightgate is the only commercial EFM compliant platform enabling standardized web-services as promoted by the US-DOT and Transport-Canada.
Based in Huntington Beach, California, the Freightgate team has been developing Internet solutions for the freight and logistics since 1994, such as its industry-leading Logistics Cloud Platform, offering Supply Chain Collaboration & Visibility; TMS, Global Tender Bid Management; Least Cost Routing, Service Contract and Quote Management; Regulatory Compliance CBP and FMC; Automated eInvoice Audit and Payment; innovative What-If-Scenario Analysis tool; interactive online Sailing Schedule; BFN (Built for NetSuite) approved SuiteApps. Freightgate is ISO 9001:2008 certified.