Activity-based costing (ABC) is an important financial tool for trucking companies, says Paul Dugent, vice president of pricing and traffic at Estes Express Lines. The cost elements allocated to customers through ABC are used to help determine the price of services, though pricing "is more art than science."
Motor carriers increasingly have turned to costing systems to help navigate the difficult pricing environment brought on by the recession, says Bill McGinley, vice president of pricing and revenue management at Wilson Trucking Co.
Rob Lewin, director of global logistics at Flowserve Worldwide, discusses capacity issues in an evolving carrier landscape, leveraging spend with rate and non-rate negotiations, knowing which providers to keep, and what collaboration really means to a company.
Managing costs and taking advantage of low freight rates, to be sure - but their real concern is maintaining a high level of customer service in a time of reduced demand.
Manual yard operations continue to be the norm for many companies, but they are clearly losing out on substantial savings, says Aleks Gollu, CEO of PINC Solutions. Moreover, effective yard management benefits the entire supply chain.
The latest news, analysis, trends and solutions regarding supply chain finance and revenue management. New technologies in finance and revenue management are transforming the way companies operate - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using finance and revenue management solutions for supply chain optimization.
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