Freightgate has forecast supply chain trends in 2013 in five critical areas – sustainability, visibility, predictive analytics, innovation and partnerships.
Huntington Beach, California based Freightgate said that business leaders will focus on best-in-class solutions to meet progressively more challenging customer requirements.
In its forecast, the company said that in 2013 business leaders will continue struggling with diverse supply chain challenges ranging from spend management, visibility, business intelligence, to the growing complexity of optimizing rate and surcharge management with delivery performance.
Supply chain flexibility and logistics responsiveness adapting to volatility and competitive pressures coupled with meeting customer requirements will create a keen focus to find best-in-class solutions that will drive and enhance supply chain sustainability.
Freightgate claimed that its supply chain solutions are custom-tailored to provide collaborative manageability of freight rates, lead times, capacity allocations, faster quotations, better yields and more sales without straining operating budget and expenditures.
Talking about visibility, the company says that the quest for cycle time reductions and dynamic lead times driven pricing, will drive renewed focus on end-to-end supply chain visibility.
As supply chains grow more complex in global dimensions, participant size, and sensitivity to localized disruptions, companies will require more robust end-to-end supply chain visibility to enable better global risk management. Traditional low-tech tracking and tracing software will need to be replaced with dynamic cloud-driven dashboards, said Freightgate.
On Predictive Analytics, it said that business intelligence will help manage every aspect of supply chain and logistics management.
Freightgate says that its refreshing approach gives access to both predictive analytics and Now-Data.
On innovation, the company said that Thinking ‘Outside the Box’ (News - Alert) will become a valued asset to drive supply chain cost savings with improved performance.
Supply chain and logistics executives have journeyed the long-winding road through freight management 101, experimented with costly home-grown TMS systems, been involved with labor-intensive RFPs, and some have outsourced processes with mixed results. When all is said and done, the Holy Grail is a supply-chain driven by total-value.
Freightgate said that in 2013, business leaders must become more innovative to juggle the quest for profitability while they assimilate the demanding pressures to provide more solutions to meet varying and specific customer demands. Customer demand and public perception will have to be valued and added to the equation escalating the need for customized logistics solutions.
Both price and innovation will be important evaluation factors in designing supply-chains and the award of contracts.
By enabling broader value factors such as finance charges for inventory in transit, carbon emission, MQC penalties to just name a few Freightgate gives its users a more complete picture.
The company pointed out that supply chains are becoming too brittle and to external factors to handle frequent unplanned changes; bringing the need for an elastic dynamic design that relies on trusted partners to the forefront
Shippers, transportation carriers, logistics and software solution providers are beginning to realize that in order to create an elastic and robust supply chain forming partnership and teaming together is a better route than trying to the ‘king of the road’.
The company noted that there will be more initiative-driven partnerships and ‘vested’ outsourcing as service excellence backed by real-time information becomes a core and strategic priority. Cloud Technology and new open standards such as EFM unlocks a new age of collaboration and competitiveness giving every business equal opportunity to participate in global markets with costs savings and productivity benefits.
Freightgate said that Native Open Standards support makes the company the natural choice for today’s interconnected global enterprise.
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Edited by Rich Steeves