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Developing a Distribution Strategy with Matt McGregor. Joe Lynch and Matt McGregor discuss developing a distribution strategy. Distribution strategy is one of the areas of focus for Matt and the Colliers Real Estate team. Key Takeaways: Developing a Distribution Strategy. Elements of a successful distribution strategy.
Supply chain costs often represent a considerable percentage of the sales price of a good or service. Cost savings flow directly to the bottom line. If net profit on sales is 5%, for example, a reduction in supply chain costs from 9% to 4% (or from 12% to 7%) will double net profits. And What Should it Cost You?
Beyond Cost Per Load with Felipe Capella. Felipe Capella and Joe Lynch discuss beyond cost per load. Felipe believes that while cost per load will continue to be important, savvy shippers will look for 3PLs who use technology and people to bring additional value to the shipping function. Key Takeaways: Beyond Cost Per Load.
However, last-mile delivery faces a myriad of challenges, such as traffic congestion, rising costs, and increasing environmental concerns. To address these issues, companies are adopting innovative strategies, including dynamic route optimization, real-time tracking, and even leveraging emerging technologies like drones and blockchain.
Felipe Co-founder and CEO of Loadsmart , where they provide logistics solutions powered by industry experts and next-gen technology that lower costs, increase efficiency, and digitize transportation. Previously advised companies on corporate strategy and M&A in Brazil and New York for 8 years.
Kara is the Founder and CRO of LeadCoverage , the premier B2B marketing and PR firm dedicated to helping logistics companies increase lead generation through targeted marketing strategies and media coverage. Measurement – analytics and analysis delivered executive-ready. Tusk save Shippers 40% or more on small parcel shipping.
Applying the strategies and methodologies he learned while serving Fortune 1000 brands as a strategist, Adam brings both creative and practical strategies that move the needle for the mid-market companies he serves. Adam is also an entrepreneur. Tusk save Shippers 40% or more on small parcel shipping.
Cost of Warehouse Management System Software. Original article: Cost of Warehouse Management System Software. You are Making Significant Logistics Strategy Changes : When you realize that your current WMS cannot support new processes effectively or at all. Wide Range of Options and Costs. Basic WMS Cost Categories.
Today we’re going to look at some of the consumer trends that might affect your preparations for peak season 2024, and strategies to maximize them. Reduce shipping and inventory costs to gain pricing flexibility. It should have robust tools for data analysis, reporting, tracking, forecasting and managing inventory.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.
Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis.
However, importers can significantly enhance their supply chain’s efficiency and reducecosts, while also improving customer satisfaction and increasing profitability by implementing several essential strategies. This can help prevent stockouts, reduce overstocking, and improve accuracy in forecasting.
Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.
He is responsible for driving strategy, customer engagement, and industry analysis. Data-Driven Decision Making: By leveraging DAT’s data and analytics, businesses can make data-driven decisions to improve efficiency, reducecosts, and enhance customer satisfaction.
From 2006 to 2020, Chris played key leadership roles (including Chief Strategy Officer from 2010-2020) at Coyote Logistics (a UPS Company), a leading provider of non-asset based 3PL solutions across North America and Europe. The next 3 bullet points are cut and pasted from the Picket Research website. He earned a B.S.
That strategy can lead to thousands of scenarios, and still no number of scenarios will answer all questions. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. While this sourcing strategy is the most cost-effective one, the business might not want to operate like that.
In the dynamic landscape of modern supply chains, one of the key challenges is the efficient management of resources to eliminate waste and enhance overall productivity. Standardized carton sizes also facilitate more efficient stacking and storage within the warehouse, reducing space utilization and improving overall operational flow.
Beyond Cost Per Load with Felipe Capella. Felipe Capella and Joe Lynch discuss beyond cost per load. Felipe believes that while cost per load will continue to be important, savvy shippers will look for 3PLs who use technology and people to bring additional value to the shipping function. Key Takeaways: Beyond Cost Per Load.
Since we last polled Overdrive readers on cost per mile figures in 2014, there's some good news in poll results: fewer readers report not knowing their numbers, and a larger share report costs under a dollar a mile, likely with equipment fully paid off -- paired with well-developed maintenance know-how, such a lean operation can be a sizable advantage (..)
However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. And these additional five shipping strategies can help enterprise shippers maximize recovery and boost profits. Freight transport cost per shipment.
Since 2011 carriers, 3PLs, shippers, and logistics technology vendors have looked to CarrierDirect to deliver the efficiency, strategy, go-to-market plans, and technology that will elevate their business above their competition. Labor shortages and cost increases. Raw material shortages and cost increases. Port congestion.
Cost to Serve: The measurement of cost factors that go into the servicing of a customer, or the production of a product. For companies involved in shipping freight, the combination of order-level management and cost to serve analysis can be a game-changer.
Prior to Flock, he played key leadership roles (including Chief Strategy Officer from 2010-2020) at Coyote Logistics – a UPS Company, a leading provider of non-asset based 3PL solutions across North America and Europe. To learn more about the company, offerings, and careers, visit flockfreight.com.
Yes, we are living in a world of a severe market competition, shorter product life cycle, tougher customer demand, higher costreduction pressure, longer supply chains, and heavier reliance on outsourcing. Through the years, how have we distorted the aim for strategic alliance and a cost transparency?
Perhaps you haven’t had much opportunity, amid the turmoil, to consider the cost to serve your online customers. The tips in this article will help you know how to identify the customers, products, and processes that might be inflating your cost to serve (CTS) unnecessarily. High Cost to Serve: It’s an Omnichannel Problem.
Throughout her career, Sarah has been recognized for developing and executing sales strategies that help clients choose the best products for their needs. At DAT, she has been instrumental in growing the shipper practice. Tusk save Shippers 40% or more on small parcel shipping.
His mission is to help craft the firm’s growth strategy while assisting with deal sourcing, capital raising, and the creation of value within portfolio companies. Brown and Sons’ transportation team, AVP – Planning and Analysis at CSX Transportation, Inc., Systems Engineering Consultant with Day & Zimmermann, Inc.,
Immigration policy proposals suggest stricter controls, which could reduce the available labor pool in industries such as physical security, commercial cleaning, pest control and landscaping. This could limit businesses’ ability to meet demand, especially during peak seasons and potentially lead to higher labor costs and project delays.
Mark McEntire is the Senior Vice President of Operations at Emerge, a freight technology firm that is reinventing freight procurement by providing access to benchmarked rates and thousands of trusted partners to maximize cost-savings. The Emerge platform provides carriers access to more shippers and more opportunities.
From a financial standpoint, transportation costanalysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. Limited data sharing within the chain.
Image source: iStocks | The Ultimate Guide to Fleet Management: Strategies to Control and Optimize Your Processes Investing in a fleet management system results in an improvement in internal processes, which directly reflects the quality of the service provided to the end customer.
And 52% are looking to consolidate more shipments overall, a strategy for which LCL can play an important role.” ” Below are three ways shippers can use LCL to reduce their costs. Recoup costs and future savings. Bridge the gap with market and mode shifts.
The effects of inflation on the shipping industry were seen in several areas: higher fuel, increased transportation, labor and equipment costs. Despite this, bloated inventories due to reduced consumer demand are still putting pressure on warehouse rates, leading to a new inflation warning for consumers.
There must be efficient strategies deployed to reduce the spread of pests and different stakeholders must contribute in some way. Depopulating millions of birds came at a staggering cost of $181 million. Addressing the problem of pests being imported and exported in cargo and containers requires a diverse strategy.
Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing. The biggest challenge that logistics providers face is rising last-mile carrier delivery costs. These include: 1.
An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. Supply chain efficiency focuses on improving your processes whilst also reducingcosts. What is Supply Chain Efficiency?
Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. Develop financial flexibility by securing capital and implementing cost-cutting measures. Practical Strategies for Managing Tariff Volatility 1.
This integrated approach enables Summit to reduce idle time and fuel wastage, aligning with its goal of net-zero emissions by 2050. ORION has proven essential in reducing travel distances, as well as cutting down on greenhouse gas emissions associated with unnecessary mileage.
From 2006 to 2020, Chris played key leadership roles (including Chief Strategy Officer from 2010-2020) at Coyote Logistics (a UPS Company), a leading provider of non-asset based 3PL solutions across North America and Europe. The next 3 bullet points are cut and pasted from the Picket Research website. He earned a B.S.
Companies with global supply chains—a category which includes a fast-growing number of corporations, medium-sized companies, and even small businesses—can be standing on a cost base of which 90% is attributable to supply chain expenditure. . Supply Chain Strategy. The Top 7 Supply Chain Points to Address for Business Success. .
Green logistics refers to environmentally friendly logistics processes that aim to reduce CO2 emissions and promote sustainability in the areas of transportation, warehousing, inventory management, packaging and waste recycling. Reverse Logistics: Handles end-of-life products to ensure recycling and environmental benefits.
Understanding the cost to supply is as crucial as knowing your cost to serve. It’s about assessing the costs your suppliers incur when delivering to your business, which can significantly impact your strategy, pricing, and overall efficiency. This week we are talking about cost to supply and why it’s so important.
Key Takeaways from This Article: COVID-19 has unveiled the fragility of a global supply chain predicated on lowest-cost principles. Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reducecosts and proactively manage risk.
If you’re a decision-maker with accountability for your organisation’s entire supply chain, and you’re just starting to think about outsourcing, perhaps to reducecosts or improve service, this post should prove well worth the few minutes it will take you to read it.
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