When it comes to ensuring adequate capacity for their goods, supply chain managers have various tools at their disposal. If they’ve planned ahead and know exactly what needs to go where (and by when), contracting with carriers in advance is often the best way to ensure peace of mind and a seamless experience.
However, the shipping process doesn’t always fit neatly into a plan. Suppliers can miss deadlines, throwing the whole process off by several days. Infrastructure problems can cause trucks to need to change their routes, altering the timeline. Orders may be increased, which means supply chain managers need to find more capacity on short notice. In these cases, existing transportation contracts may not account for the full scope of supply chain needs, and it may be time to turn to the spot bid market to fill in gaps.Read More