Logistics Bureau

SEPTEMBER 4, 2023

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?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

GlobalTranz

AUGUST 17, 2015

A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle. The company also realized a 10% increase in stock price since the summer of 2014, in a highly competitive and regulated market.

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction 98

EazyStock

AUGUST 21, 2020

So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction? There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

Logistics Bureau

DECEMBER 6, 2024

Looking to real-life examples for inspiration, we can ask, ‘Who does reverse logistics well?’ For regulators and the public, reverse logistics may be judged by how safe and how green the process is, for example, recycling products instead of throwing them into a landfill. Reverse Logistics Strategy 1: Don’t do it!

Reverse logistics 74

Reverse logistics Cost Reduction Vendor Strategies Inventory Reduction 74

EazyStock

FEBRUARY 17, 2021

Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Any business that carries inventory needs to avoid stockouts and back orders.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

MTS Logistics

APRIL 3, 2023

Despite this, bloated inventories due to reduced consumer demand are still putting pressure on warehouse rates, leading to a new inflation warning for consumers. However, with demand now lower-than-anticipated, warehouses are operating at reduced capacity, leading to higher warehouse rates.

Inventory Reduction 111

Inventory Reduction Cost Reduction Price Reduction Supply Chains 111

GlobalTranz

SEPTEMBER 3, 2015

When you work in a position related to supply-chain management, you have lot of practice in having to constantly watch over every step of the process in an attempt to cut down the time, energy or costs that it takes to make, ship and sell your product. Assembly Analysis. Manufacturing Analysis. The Formula.

Cost Reduction 101

Cost Reduction Supply Chain Design Software Supply Chain Design Material Savings 101

Logistics Bureau

DECEMBER 7, 2024

Every shippers challenge in freight cost reduction is likely to be unique, but the following ten ideas might provide some inspiration when youre seeking ways to move more for less. In these cases, customers can benefit too, by reducing the number of inbound shipments they need to handle.

Cost Reduction 97

Cost Reduction Expense Reduction Price Reduction Negotiating Skills 97

Logistics Bureau

JULY 21, 2017

At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supply chain and business strategy along with eight other important levers for supply chain performance improvement. The Failing Kmart Business Strategy. The first Kmart store opened way back in 1962.

Cost Reduction 68

Cost Reduction Inventory Reduction Price Reduction Vendor Strategies 68

ShipLilly

FEBRUARY 12, 2021

Take for example the increased emphasis on the purchase of household goods via e-Commerce platforms. Such price differentials are particularly prominent regarding premium or preferential services. Even with the higher quotes and prices, there is no guarantee of premium space. The statistics are startling.

Analysis 105

Analysis Manufacturing Procurement Purchasing Skills Price Reduction 105

GlobalTranz

JANUARY 28, 2015

The latest industry-pricing trend, dimensional weight pricing, or often referred as “DIM Pricing,” calls for LTL freight cost calculations using pounds per cubic foot of space occupied on the truck. Both UPS and FedEx recently announced dimension-weight pricing plans for parcel/small packages effective Dec.

Negotiating Skills 97

Negotiating Skills Price Reduction Cost Reduction Waste Reduction 97

WorkWave

DECEMBER 16, 2024

We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology. This proactive approach reduces the reliance on intensive control measures, allowing for more efficient pest management strategies.

Cost Reduction 52

Cost Reduction Resource Reduction Optimization Software Waste Reduction 52

Logistics Viewpoints

JANUARY 31, 2022

Let’s put a major multinational – Saint-Gobain – under the microscope to illustrate how this kind of analysis. It increases site productivity, reduces the usage of raw materials by up to 50%, but also leads to a more comfortable building. Who is Saint-Gobain? Compagnie de Saint-Gobain S.A. and Data Science.

Material Savings 107

Material Savings Cost Reduction Price Reduction Expense Reduction 107

Freightos

NOVEMBER 7, 2023

Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU. kg China – N.

Negotiating Skills 133

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 133

Logistics Bureau

MAY 31, 2021

Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve. For example: Compared to selling a product in-store, the cost to deliver that same item as a small parcel can be several times higher. High Cost to Serve: It’s an Omnichannel Problem.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

Log-hub

FEBRUARY 12, 2025

By leveraging these technologies, businesses can optimize operations, reduce costs, and make smarter, data-driven decisions. The Future of Matrix-Based Optimization The Future of Matrix-Based Optimization AI and machine learning (ML) take matrix-based analysis to new heights.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimal Sourcing 52

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.

Expense Reduction 59

Expense Reduction Cost Reduction Price Reduction Strategy 59

GlobalTranz

APRIL 20, 2021

Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. This strategy requires greater investment and inventory carrying costs but enables continued production.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

GoShip Blog

FEBRUARY 7, 2023

Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. Why a Solid Marketing Strategy is Important A marketing strategy refers to a business’s action plan for achieving its short and long-term goals and developing a sustainable competitive advantage.

Waste Reduction 52

Waste Reduction Price Reduction Resource Reduction Expense Reduction 52

GlobalTranz

MAY 6, 2015

Eliminate All Waste in the Supply Chain So That Only Value Remains. o Energy-(Sometimes called the eighth waste): eliminate wasteful energy in the supply chain: minimize electricity, gas, utilities, etc. Reduce Lead Time. Increase Velocity, Throughput and Reduce Variation. o Lead time—excessive wait times.

Supply Chain Planning Software 127

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

Logistics Bureau

APRIL 8, 2016

The Key Supply Chain Challenge of Cost Reduction. 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. And What Should It Cost You?

Cost Reduction 61

Cost Reduction Material Savings Inventory Reduction Price Reduction 61

CH Robinson Logistics

MAY 10, 2022

Over the last two years, fuel prices have increased 72% per gallon. While oil prices are particularly difficult to predict, there are ways to mitigate the impact of these rising fuel charges. Track and reduce non-revenue generating miles. Another way to reduce time is to work with drop trailer providers.

Price Reduction 115

Price Reduction Cost Reduction Survey Availability 115

Stord

JANUARY 7, 2019

The Wall Street Journal’s recent analysis of retailers’ logistical challenges highlights the appeal and success of alternative solutions to traditional warehousing in retail and beyond. Demand for these warehouses, driven by the explosion of e-commerce sales, has increased prices and decreased vacant storage space.

Price Reduction 78

Price Reduction Inventory Reduction Supply Chain Planning Software Supply Chain Software 78

WorkWave

JANUARY 20, 2025

WorkWave is at the forefront of developing Analytics & AI tools to help our customers streamline operations, reduce their spend and overcome common yet difficult hurdles in their businesses. Lets explore how AI and BI empower these industries, using specific examples to illustrate their transformative potential.

Optimization Software 64

Optimization Software Security Data Industry 64

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 98

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 98

Talking Logistics

SEPTEMBER 4, 2018

For Management: a balancing strategy, etc…. It is about keeping all (well most) of the stakeholders of the supply chain content and taking into consideration the supply chain strategy of the organization. Example A: Fashion Retailer – Business Strategy is short life cycle products. Reduced Inventory Obsolescence Cost.

Inventory Reduction 90

Inventory Reduction Inventory Logistics Network Optimization Software Cost Reduction 90

MTS Logistics

JUNE 28, 2024

This would eliminate the warehouse component where applicable to certain goods. Beta Phase The product offerings will likely be offered under a “beta testing” phase, with limited availability, limited pricing strategies, and fixed shipping policies, at the time of launch. The main sticking point is U.S.

Scenario Planning 111

Scenario Planning Inventory Reduction Price Reduction Supply Chain Planning Software 111

Blue Grace Logistics

AUGUST 3, 2021

Companies have the right to receive the best service and the best price from their suppliers, and the relationship between shippers and suppliers is a key component to a successful partnership. The importance of setting the tone of the relationship and being an example of what you expect. 5 Tips To Improve Supplier Management.

Maintainability 118

Maintainability Price Reduction Purchasing Skills Resource Reduction 118

Logistics Bureau

JANUARY 7, 2020

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 111

Logistics Business Magazine

OCTOBER 10, 2024

With a service life of over ten years and a high proportion of recycled material, they reduce resource consumption and the need for new transport solutions. Analysis of the supply chain The first step is to assess whether it makes sense to switch to reusable plastic packaging for your own application.

Packaging 52

Packaging Material Savings Supply Chain Design Software Transportation 52

Logistics Bureau

NOVEMBER 30, 2020

A common conundrum for companies is how to reduce their freight costs, which due to a recovery in demand following the Covid-19 pandemic have skyrocketed. Reduce your dunnage. Make an in-depth cost analysis. One of the most common questions I get asked is, How can I reduce my freight costs? 10) Reduce your Dunnage.

Cost Reduction 69

Cost Reduction Negotiating Skills Price Reduction Material Savings 69

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.

Expense Reduction 48

Expense Reduction Cost Reduction Price Reduction Strategy 48

Logistics Bureau

AUGUST 2, 2021

Competitiveness of Pricing. The price you pay your vendors for their products is a significant factor in your company’s ability to compete in its market. However, your company probably procures a wide range of indirect supplies, and this is where pricing can impact your competitive advantage. Supplier Defect Rate.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Freightos

DECEMBER 6, 2023

Judah Levine December 6, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) were level at $1,620/FEU. Asia-US East Coast prices (FBX03 Weekly) were also level at $2,367/FEU.

Negotiating Skills 118

Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 118

Logistics Bureau

NOVEMBER 14, 2018

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. You then set a sales price for that product. Too little detail won’t give you the information you need to take action.

Purchasing Skills 93

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 93

Ship Monk

APRIL 5, 2024

The last time they raised prices? So much attention is paid to negotiating the price of the goods and coordinating the delivery that very little thought goes into the quality of the relationship and how improving it might help you both. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105

Logistics Viewpoints

JANUARY 26, 2021

Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts. A Positive Example. In this role, he leads his organization to drive thought leadership and go-to-market strategy for supply chain execution and logistics solutions.

Supply Chain Software 114

Supply Chain Software Definition Supply Chain Planning Software Supply Chains 114