Material Handling and Logistics

AUGUST 10, 2018

Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. But I often see companies that have more cutting tools, for example, than they need. Machinists may set aside a box of inserts and drills at their work stations, for example, to ensure they don’t run out.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

Logistics Bureau

SEPTEMBER 3, 2024

It’s about assessing the costs your suppliers incur when delivering to your business, which can significantly impact your strategy, pricing, and overall efficiency. By understanding these costs, you can make informed decisions that enhance supplier relationships and optimize your operations. Watch the video below!

Negotiating Skills 85

Negotiating Skills Cost Reduction Negotiate Pricing Price Reduction 85

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. For suppliers and merchants, however, setting a minimum order quantity for your goods can mean the difference between losing money and making a profit on each sale. It’s that pop-up in your shopping cart that says, “Add $17.96 to your cart to get free shipping!”

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Reliance on too few primary suppliers for critical components and materials has compounded the problem even further with unexpected ripple effects on downstream manufacturing as evidenced by the still ongoing global computer chip shortages. Manufacturers know that good supplier relationships are critical. Managing Inventory.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

Logistics Viewpoints

MAY 6, 2022

While all of this technology sounds pretty amazing, it should be said that this type of performance comes with a price tag. McCormick’s diverse supplier network helps shield it from Ukraine impacts. The lawsuits argue that the agency’s environmental analysis to justify spending up to $11.3 The Czinger 21C costs $1.7

Manufacturing Procurement 144

Manufacturing Procurement Logistics Network Optimization Software Supply Chain Planning Software Negotiating Skills 144

Logistics Bureau

NOVEMBER 28, 2024

Supply chain costs often represent a considerable percentage of the sales price of a good or service. 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. Retail Suppliers <5.8% Industrial Suppliers <7.9% Manufacturers <6.8%

Cost Reduction 79

Cost Reduction Inventory Reduction Material Savings Expense Reduction 79

MTS Logistics

FEBRUARY 26, 2024

Well, a freight forwarder negotiates rates on your behalf, knowing the market. Plus, for example, we say a single customer can move around 500 containers a year, but a freight forwarder with a healthy roster of customers can move 100,000 containers a year.

Freight forwarding 88

Freight forwarding Negotiating Skills Freight Negotiate Pricing 88

EazyStock

FEBRUARY 17, 2021

Managing variable supplier lead times. A simple way to do this is to use a basic ABC analysis model to divide inventory into: A items – typically sell well and are profitable to the business. As time passes, this can become obsolete and may need to be sold at heavily discounted prices or even written off as a bad investment.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

GlobalTranz

MAY 6, 2015

When you create your Sales, Inventory, Operations and Production Plan (SIOP) monthly, or more frequently, invite your top Suppliers and Customers to the SIOP meeting. Increased supplier performance: reduction in lead times and creating cost reduction as your suppliers are the experts in their respective fields.

Supply Chain Planning Software 127

Supply Chain Planning Software Waste Reduction Inventory Reduction Supply Chain Software 127

10xLogistics

FEBRUARY 22, 2013

I wrote back in January, embedded in another article about why people should do "should cost" modeling prior to negotiating rates. This has caused me to do a lot more thinking about this topic and after doing some analysis I have come to the realization this is the best way to get to what the true cost of freight should be.

Negotiating Skills 54

Negotiating Skills Cost Reduction Modeling Negotiate Pricing 54

Transporeon

JANUARY 25, 2018

In the case of an Amway multivitamin, for example, the company controls the process “from seed to supplement,” transporting raw materials to manufacturing sites in the U.S., Faster bid process with full control over negotiation Managing the bid process with Ticontract also saved a valuable amount of time. “We

Negotiating Skills 48

Negotiating Skills Manufacturing Procurement Cost Reduction Supply Chain Planning Software 48

Transporeon

MARCH 22, 2018

Depending on the mode of transport and the type of product being shipped, the offer matrix can contain individual price components and different quantity structures and units, along with additional information that can make comparisons difficult.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48

Locus

DECEMBER 7, 2021

A prime example is how governments in the Middle East have begun to rethink food security targets after the disruptions to their food supply chains. Oil price fluctuations. Fluctuations in oil prices and oil supply disruptions are majorly caused by political events, supply pipeline issues or weather problems.

Optimal Sourcing 52

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Logistics Bureau

MAY 8, 2023

By neglecting or underestimating the need for meaningful analysis, they typically fail to attain anything like the value they might receive with effective carrier management. BOOK NOW If you’d like some help to improve your freight management, please book a free consultation call here.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

The Logistics Academy

FEBRUARY 13, 2017

For example, as online sales reach a record high, B2C service provider Jet.com uses some creative logistics concepts to bring value to customers. For example, understanding collaboration and communication is as important as understanding modeling and technology. concept of time management, negotiation, and trust building.

Supply Chain Design Software 40

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

247 Customs Broker

FEBRUARY 1, 2018

The collection provides analysis of the key trends affecting the overall industry, and is split into five surveys investigating the freight forwarding, motor carrier, express and warehousing sectors as well as the increasingly important topic of “environment and ethics” in global logistics.

Logistics Network Optimization Software 28

Logistics Network Optimization Software Global logistics Supply Chain Planning Software Supply Chain Software 28

Automotive Logistics

JANUARY 18, 2019

To achieve this, many North American OEMs have up to now insisted on their own forms of labelling, leaving tier suppliers with no choice but to manage a wide variety of labelling systems. RFID prices have come down as the technologies have vastly improved.”. Losses through labelling. AutoSphere to the rescue.

Supply Chain Design Software 28

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Talking Logistics

DECEMBER 20, 2017

I was wrong, for example, about obstructive sleep apnea becoming the new debate in trucking; the debate ended before it really started after the Federal Motor Carrier Safety Administration and Federal Railroad Administration withdrew their proposed rule to have rail workers and commercial motor vehicle drivers tested for obstructive sleep apnea.

Supply Chain Design Software 58

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Logistics Viewpoints

DECEMBER 12, 2024

Strategy: Reshoring production, regionalizing supply chains, or finding alternative suppliers are among the strategies available to mitigate the impact of tariffs on intermediate goods. Example: Aluminum ingots are imported from China into the U.S. Example: A pickup truck assembled in Mexico using parts from the U.S.

Optimal Sourcing 129

Optimal Sourcing Material Savings Cost Reduction Price Reduction 129

Material Handling and Logistics

JUNE 27, 2018

Aluminum shipments through New Orleans are half what they were at this time last year, according to Harbor Intelligence, an analysis firm. The company’s’s founder and president, Kylie Sparks, who’s proud to use only American metal; he’s also paying as much as 40% more since January as traders bid up the prices betting on a crunch.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Price Reduction Manufacturing Procurement 90

Material Handling and Logistics

OCTOBER 26, 2018

For example, the NIST demonstration shows an assembly operation. It is difficult to know, however, how long these tariffs will last, as they very plausibly are negotiation tactics being used by President Trump. The method uses a NIST-designed artifact, optical tracking, and an analysis method. Blockchain.

Supply Chain Design Software 89

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