While annual bid events are still one of the primary ways companies go about procuring transportation, many are turning to shorter, more targeted "mini-bids" as a way to shore up problematic lanes within their networks.
Transportation costs are not like other business expenses. They’re affected by many different factors, and not always in the same ways as other commodities your company is accustomed to purchasing.
For a new owner-operator setting out on their own in the trucking business, there can be unexpected pitfalls. One of the best ways to avoid them is getting advice from those who've already done it.
Expanding your product line or adding new customers are classic ways to grow your business. But that growth also creates new challenges for supply chain managers.
Recently we addressed the most frequent question asked on our weekly DAT iQ Live series: Is now a good time to buy a truck? This week, we asked a leading industry expert will weigh in with insights.
Transportation mini-bids have grown in popularity in recent years. With sophisticated data analytics, these continuous procurement strategies are easier to execute than they once were, and they can add much needed flexibility to your supply chain.
Mini-bids have been around for decades, but transportation procurement teams have used them more and more in recent years. The disruptions caused by COVID-19 sped up the adoption even more.
Procuring truckload capacity is unique compared to other commodities. If your finance department isn't aware of these characteristics that are unique to truckload freight, then getting budget approval might be difficult.
