Navigating the marketplace as a shipper in today’s world is more complicated than ever before. As we collaborate with shippers to find new ways to help businesses reach their goals, there are also some practices that remain true in any market. Here are three best practices for improving your LTL & truckload performance.
-Think Differently
As the saying goes, “if you want what you have never had, you must do what you have never done.” Supply chain experts are here to help make some sense of the supply and demand patterns. Strategy consultants can help with best practices and utilize the latest technology to improve the transportation strategies. Experts will cover everything from consolidating LTL shipments with the right shippers to shipping on the right days.
-Limit Suppliers to a Smaller Number
Businesses tend to get more accurate pick up and delivery times when they keep their suppliers to a smaller number of successful carriers. Both asset-based and non-asset-based carriers can perform well. Although there is more assurance within the asset-based community, the main importance is matching the supplier’s strengths with the interests of your business.
-Plan For LTL Variances
Lanes that have predictable volume patterns perform best. Shippers should also consider the location of the pick up and drop off. Shipping the right freight in the right place at the right time by using data and analytics is a necessity in today’s consumer driven world. Divide your lanes according to how predictable the demand is, and take note of the flexibility that may be needed for the lanes that aren’t as predictable.