Supply Excellence

Offsetting Oil Prices: What can you do

May 19th, 2008 · by Justin Fogarty · 1 Comment · best practices, costing, events, oil/energy, sourcing

You know oil prices are extremely high when Americans start to reconsider their annual summer road trip in the Wagonqueen Family Truckster. And while politicians piddle around on the margins - Congress shutting off the spigot filling the Strategic Petrolium Reserve and President Bush begging the Saudis to increase production - prices keep climbing.

But despite all the dour news, Transportation Category Manager and Supply Excellence contributor Rachel Rutkoski and her team believe companies can take advantage of softness in the transportation market to minimize the impact of rising fuel prices. They’ll discuss this issue further in a webinar Wednesday (sign up here), where the focus will be actionable recommendations for:

  • Effective positioning to control freight costs
  • Gaining visibility into accessorial charges (which Rachel recently pointed out have risen 900% in the last decade)
  • Containing rising fuel costs
  • Industry best practices

If you rely on LTL, truckload, air freight, ocean freight and small parcel shipping as a key piece of the business and major cost driver, it’s likely to be a very useful event.

Justin Fogarty is Managing Editor of Supply Excellence. Justin can be reached for feedback or questions at jfogarty[at]ariba[dot]com.

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