Ship Monk

OCTOBER 22, 2024

Positives The benefit of DDU comes down to two factors: cost and simplicity. Cost Covering all duties and tariffs on your end can really add up. Either you take the hit entirely, which cuts down your margins, or you build some or all of those costs into your product price, which can deter conversions.

Procurement Solutions 70

Procurement Solutions Purchasing Skills eCommerce Price Reduction 70

Logistics Viewpoints

SEPTEMBER 1, 2023

And when I think of going back to school, I think of a rite of passage that most kids enjoyed: watching the Price is Right on a sick day. Earlier this week, longtime host of the Price is Right, Bob Barker, passed away at the age of 99. Those negotiations resulted in a tentative agreement that is now undergoing a ratification vote.

Logistics Network Optimization Software 151

Logistics Network Optimization Software Purchasing Skills Negotiating Skills Price Reduction 151

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. The answer is to benchmark your freight, of course.

Negotiating Skills 83

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 83

Logistics Bureau

NOVEMBER 3, 2024

Of course, it is helpful to have some statistics on hand to validate the statement above. Again then, it’s not difficult to see how the financial health of a business depends on that of the supply chain, or how probable it is that supply chain costs feature strongly in the demise of many companies that become insolvent.

Supply Chain Design Software 82

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 82

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 116

Blue Grace Logistics

JULY 21, 2020

Understand where cargo can be consolidated to increase cost savings. Measure carrier cost structures to maximize efficiencies and lower costs. Of course, the first step in this process is often the most daunting. Measuring can help you to: Analyze the need for process improvements. Putting it into Action.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Cost Reduction Supply Chain Software 62

Logistics Viewpoints

JUNE 8, 2022

I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do. Inflation has led me to review the likely magnitude of importance for certain purchases, as employee compensation is not increasing at the same rate as inflation, diminishing purchasing power. New Factors with Limited History.

Scenario Planning 148

Scenario Planning Analysis Events Purchasing Skills 148

FreightWaves SONAR

MARCH 4, 2021

Truckload freight and transportation costs make up a large part of most logistical spending for shipping companies across the country. With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. All of these challenges potentially create waste in your supply chain.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

Logistics Viewpoints

MARCH 1, 2021

. – explained that when conducting manufacturing volume forecasts for budget purposes, the company would look at demand, production capacity, product specifications, seasonality, asset location, costs/duties and new product introduction amongst other criteria to satisfy regional volume demands. It was predictable.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 120

Logistics Bureau

MAY 24, 2019

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.

Cost Reduction 66

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 66

Logistics Bureau

OCTOBER 10, 2022

Inventory costs too high? For example, you can optimise for cost, profit, or service, but not for all of them. Alternatively, you can focus on profit and accept tradeoffs in service and costs or concentrate on the cost and accept service and profit tradeoffs. Too much inventory in your distribution network?

Inventory Reduction 115

Inventory Reduction Inventory Optimization Modeling Optimization Software 115

Ship Monk

DECEMBER 15, 2023

Will consumers be reluctant to use credit cards for holiday purchases? What We Learned So Far With the numbers in, we gathered findings from multiple sources to suss out the shiniest nuggets of wisdom. For the first time, mobile purchases have overtaken desktop purchases. Which items were frequently purchased together?

Purchasing Skills 62

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 62

GlobalTranz

JANUARY 21, 2015

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions.

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

Blue Grace Logistics

JULY 27, 2021

Approaching a demand analysis with historical data and seasonal variations is no longer competent. The drivers for growth are not simple factors like the price or quality of a product. Customer expectations and the buying capacity of the purchaser coupled with the cost of substitutes or complementary goods also play an important role.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

Ship Monk

MARCH 30, 2024

Unfortunately, sometimes supply chain disruptions, differing carrier restrictions, and fluctuating costs can keep that from happening. 2-Day Shipping In today’s gotta-have-it-now atmosphere, your shipping speeds and costs could determine how well you’re able to compete in the ecommerce marketplace. Have more questions?

3PL 104

3PL Supply Chain Design Software Optimization Software Supply Chain Software 104

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats.

Supply Chain Planning Software 166

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 166

Logistics Viewpoints

AUGUST 11, 2023

It’s taking semiconductor firms more than twice as long as their peers in other industries to hire personnel such as technicians or mechanical engineers, with the typical process stretching to about three months, according to an analysis of the top 50 chip producers in the US by Revelio Labs, a labor-market data analyst.

Negotiating Skills 116

Negotiating Skills Logistics Network Optimization Software Purchasing Skills Material Savings 116

FreightWaves SONAR

JUNE 7, 2023

Retailers, manufacturers and suppliers have saved a lot of money on transportation costs in 2023 compared to the years before, but other parts of their organizations are facing persistent inflationary pressures on everything from energy and labor to cattle futures and the cost of money itself.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Optimal Sourcing 52

Logistics Bureau

MAY 8, 2023

The answer is that the approach could cost your company vast sums of money in unnecessary logistics costs. The wastage may even be so significant as to exceed the cost of employing a dedicated staff to handle freight management. That’s not to say outsourcing will be suitable for every company.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

Logistics Viewpoints

FEBRUARY 25, 2022

Now of course, companies must map out the potential impacts of the Russia Ukraine war. Oil Prices Jump. The Potential Impact on the Electricity Prices. The Potential Impact on the Electricity Prices. Supply concerns may also spur oil stockpiling activity, which supports prices.”. Russia Attacks Ukraine.

Price Reduction 136

Price Reduction Supply Chain Planning Software Expense Reduction Logistics Network Optimization Software 136

Logistics Bureau

OCTOBER 11, 2021

The first steps, of course, are to understand the challenges you face, prioritise them for action, and consider the resources and help you need to meet and overcome them. There are, of course, several ways to achieve a logistics knowledge infusion. Where to Access the Knowledge You Need. Product Availability.

eCommerce 62

eCommerce Supply Chain Planning Software Negotiating Skills Material Savings 62

Logistics Bureau

OCTOBER 9, 2023

Quality and Detail of Data and its Analysis In some of our earlier posts, we’ve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It’s not a short list, so we’ll set it down here as a summary to help you with plans for analysis.

Supply Chain Design Software 91

Supply Chain Design Software Supply Chain Design Distribution Networks 91

Logistics Bureau

AUGUST 7, 2023

Standardise and Digitise The key to managing complexity, of course, is to be organised. Inventory Availability and Cost: Striking a Balance It’s rarely a good idea to think too lean in ecommerce inventory management. So what can you do to ensure your inventory management meets the challenge of multichannel sales?

Inventory Reduction 91

Inventory Reduction eCommerce Inventory Procurement Solutions 91

3PL Links

APRIL 23, 2024

Image source: Biz Epic | Top 8 Applications of Artificial Intelligence in The Supply Chain Innovation in technology has completely changed the supply chain. As a result, the costs related to the core procedure in the supply chain are decreased. Demand forecast The entire supply chain is propelled by demand.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 48

Logistics Bureau

APRIL 3, 2023

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 reduce costs or improve service, this post should prove well worth the few minutes it will take you to read it. What Can You Outsource, and What Should You Outsource?

Outsourcing 89

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 89

Ship Monk

JUNE 20, 2022

In the fulfillment industry where increasing demand, geographical obstacles, rising costs, and complex supply chains are more temperamental than a Jack Russell Terrier hyped up on sugar, it is vital that 3PL team members are on the same page. And, of course , that the page they’re on is informed, thorough, and forward-thinking.

3PL 98

3PL eCommerce Supply Chain Software Procurement Solutions 98

Logistics Business Magazine

AUGUST 2, 2024

For more than two decades, Lampenwelt from the Sauerland region of Germany has been one of the largest and most successful platforms for the sale of lamps of all price ranges. Darkness is an exaggeration, of course. The employees took care of purchasing from the Asian suppliers. in the UK and luminaire.fr

Supply Chain Planning Software 58

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 58

Ship Monk

APRIL 28, 2023

Of US adults surveyed , 69% say environmental impact is important when making a purchasing decision. Teach them how purchasing from you makes them a part of that positive mission. It requires a lot of introspection and critical analysis of your operation. Tell customers what you are supporting and why.

eCommerce 97

eCommerce Waste Reduction How To Material Savings 97

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. 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 Design Software 123

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 123

Logistics Bureau

JULY 11, 2022

These KPIs should all be applicable to your supply chain operation, subject to some tweaking to reflect the precise characteristics of your inbound logistics and purchasing functions. This measurement will require data from the purchase orders placed by your buyers, and that from your receiving operation. Returns rate metrics.

Procurement Analytics 108

Procurement Analytics Procurement Solutions Purchasing Skills Inbound 108

Logistics Bureau

JANUARY 9, 2019

Of course, it is helpful to have some statistics on hand to validate the statement above. Again then, it’s not difficult to see how the financial health of a business depends on that of the supply chain, or how probable it is that supply chain costs feature strongly in the demise of many companies that become insolvent.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

MTS Logistics

OCTOBER 14, 2022

Sale and purchase market. Previously self-reliant countries moved their means of production to a new home where goods were produced at one-tenth of their previous cost. Of course, with Covid-19 restricting ports all over the world to prevent things from getting out of hand, freight rates skyrocketed. Shipbuilding market.

Inventory Reduction 70

Inventory Reduction Price Reduction Cost Reduction Purchasing Skills 70

Logistics Bureau

OCTOBER 20, 2021

“Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs. Perfect order results can help you assess performance and diagnose issues impacting service, costs, and overall supply chain effectiveness. Calculating the Perfect Order.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 98

Logistics Viewpoints

OCTOBER 19, 2023

Even if this retailer had used AI to forecast my purchase, AI that creates a perfect plan but fails to execute it only results in a highly-efficient silo, as Northeastern University professor Nada Sanders says. Orchestration built on legacy, disconnected systems may keep costs down but will not delight customers and grow top line revenue.

Supply Chain Planning Software 153

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 153

EazyStock

JUNE 25, 2018

Automated inventory management is using software to perform tasks regarding inventory planning and purchasing that would otherwise be done by employees. It costs too much”. You now have software handling complex calculations and data analysis for you at a much faster speed than any worker could generate. Free up time.

Supply Chain Software 66

Supply Chain Software Supply Chain Planning Software Inventory Reduction Inventory 66

Logistics Business Magazine

SEPTEMBER 29, 2021

On the infrastructure of warehouses and production sites, on the choice of transport systems, on operating costs and ultimately on the size of the investment. According to the expert, lead-acid batteries have a rather mediocre overall result in this analysis. On the other hand, they come out on top when it comes to investment costs.

Webinar 50

Webinar Optimization Software Presentation Purchasing Skills 50

The Logistics Academy

FEBRUARY 13, 2017

Darren Prokop, University of Alaska Anchorage (UAA): As in the academic world in general, there is a trend to online course delivery. We find that a skill set in another discipline gives students a competitive advantage because it can enhance how they practice logistics and supply chain management.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 40