Locus

JUNE 16, 2023

Read also: How to Calculate the Cost of Transport 2. A recent analysis by the American Trucking Associations (ATA) indicates that if existing trends persist, we could see a potential driver shortage reaching up to 175,000 by 2024. Efficient fuel management can enhance route planning and capacity utilization.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

SYSPRO Smarter ERP

MARCH 20, 2024

For manufacturers, having the right business intelligence on hand at the right time can eliminate the guesswork from decision making, offering real-time visibility into business processes so you can anticipate your next move. Eliminate reporting inconsistencies and data redundancy. Reduce data warehousing costs. Scarce manpower.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Expense Reduction Cost Reduction 105

FreightWaves SONAR

MARCH 2, 2021

From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.

Analysis 98

Analysis Price Reduction Cost Reduction Supply Chain Planning Software 98

GoShip Blog

APRIL 11, 2025

But great brokers dont just say theyre compliant they show you how to verify it. How to Choose the Right Freight Broker Services for Your Business When it comes to logistics, partnering with the right freight broker can make or break your supply chain. But how do you choose the right one? They want you to feel confident.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Negotiating Skills How To Freight 52

TransAudit

FEBRUARY 13, 2025

Companies that rely on reactive strategies risk falling behind, while those that prioritize resilience are better equipped to thrive. Lets explore the key elements of supply chain evolution, the challenges, and how to trade reaction for resilience. Cost Savings : Reduce inefficiencies and last-minute expenses.

Supply Chain Software 59

Supply Chain Software Supply Chain Planning Software Supply Chains Inventory Reduction 59

SYSPRO Smarter ERP

AUGUST 31, 2023

If you are a finance professional in a manufacturing business, your main goals are to reduce risk, improve profitability, and maintain high levels of compliance. Pulling data takes time and then you must format it for analysis and check for errors. Analysis is limited. Easily produce period-on-period analysis reports (e.g.,

Optimal Sourcing 111

Optimal Sourcing Optimization Software Data Optimization 111

WorkWave

JUNE 17, 2024

Generating more leads is a key strategy for increasing revenue, expanding market reach, and establishing a strong reputation in the industry. Digital marketing has emerged as an essential strategy to effectively promote products and services online. Email marketing is an effective pest control lead generation strategy.

Optimal Sourcing 96

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 96

Logistics Bureau

MAY 31, 2021

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. 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.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

GlobalTranz

MAY 6, 2015

One reason may be that they haven’t made the paradigm shift as to how to implement lean. 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.

Supply Chain Planning Software 127

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

GlobalTranz

OCTOBER 16, 2015

So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips. Due diligence is a shipper's most important step in successful bid analysis. LTL procurement is something we do very well.

Negotiating Skills 90

Negotiating Skills Price Reduction Optimal Sourcing Cost Reduction 90

EazyStock

NOVEMBER 19, 2020

Yet inventory replenishment planning – done correctly – can have a really positive impact on your business in terms of improving operational efficiency, reducing supply chain risk and enhancing bottom line profitability. tracking and reporting KPIs for inventory analysis and continuous improvement. optimizing inventory levels.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

GlobalTranz

SEPTEMBER 8, 2015

This is the first post in a four-part series on how to achieve best in class shipper status. Each data entry is an opportunity for data capture and analysis. To have the best value per mile in transportation and shipping, a given shipper must have a working knowledge of how shipping processes operate. Shipping Strategy.

Cost Reduction 93

Cost Reduction Expense Reduction Supply Chain Planning Software Optimization Software 93

Ship Monk

APRIL 16, 2024

They can use the validated credit card to make far more expensive purchases, or they can resell the card credentials for a profit on the dark web. For this reason, many businesses focus their fraud prevention efforts at trying to reduce the number of transactions that are flagged for manual review.

eCommerce 105

eCommerce Modeling Software How To Procurement Solutions 105

Log-hub

MARCH 1, 2023

The mistakes that can pull your supply chain far away from the progress are bad cost management strategy, lack of optimized business processes, neglecting data and KPI’s, poor customer service and no future planning. But how to get rid of them? One of them is a bad cost management strategy. Keep your long-term growth plan ready.

Cost Reduction 52

Cost Reduction Sourcing Strategies Expense Reduction Supply Chain Design Software 52

WorkWave

JULY 28, 2024

Studying competitors is an integral part of market research as it helps the medical courier business gain insights into their strengths, weaknesses, and overall strategies. RouteManager’s last-mile delivery software helps you cut fuel costs, increase revenue, and improve operations. Start Using RouteManager! GET A FREE DEMO 2.

Material Savings 93

Material Savings Optimization Software Logistics Network Optimization Software Cost Reduction 93

Trinity Logistics

FEBRUARY 5, 2025

Lets uncover the exact challenges many businesses face and learn how to transform them into a smooth and efficient operation you’ll love. Others can be too expensive to justify investing in or dont offer just what you need. Business Intelligence Make smarter decisions with detailed reporting and data analysis.

Supply Chain Planning Software 71

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Supply Chain Software 71

Talking Logistics

SEPTEMBER 12, 2017

As a leader, you need many tools to eliminate this mindset. How to make it happen in your company: Infuse engagement and excitement into your team by reinforcing a bigger goal and more long-term growth conversations. How to make it happen in your company: Step back and commit to completing a comprehensive profile analysis or MSA.

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Software Supply Chains How To 92

Material Handling and Logistics

AUGUST 10, 2018

Though individual items often don’t amount to a huge expense, your total indirect spend and associated costs likely constitute a significant portion of your overhead expenses. Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

Trinity Logistics

NOVEMBER 30, 2021

Optimization This will help you by offering more comprehensive load-building tools so you can identify opportunities to reduce costs, whether through consolidation, multi-stops, zone skipping, pool distribution, or other methods. You’ll have access to experts who know how to make use of all the tools and reporting.

Supply Chain Design Software 116

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 116

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.

Cost Reduction 98

Cost Reduction Purchasing Skills Waste Reduction Material Savings 98

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

FreightWaves SONAR

JANUARY 25, 2021

Freight management companies and partners can remain unsure of how to attain or utilize meaningful, actionable freight data. . The fees and expenses incurred still must be paid for somewhere along the chain. The best and only successful way to overcome flawed data analysis is to use effective technology. is forecast to top $9.6

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. This ratio increased to 54% in 2022.

Supply Chain Planning Software 48

Supply Chain Planning Software Optimal Sourcing Analysis Supply Chain Software 48

The Logistics of Logistics

MAY 18, 2022

Data is a big buzzword across industries, but how about when it comes to logistics? In this episode, Joe Lynch sits down with William Sandoval , the Senior Vice President of Product Management and Strategy at PowerFleet Inc. I’m the Senior Vice President of Product Management and Strategy for PowerFleet.

Data 370

Data Modeling Software Supply Chain Design Software Optimization Software 370

WorkWave

JULY 11, 2024

A significant impact on reducing landfill contamination. This helps to prevent the accumulation of hazardous materials and reduces the risk of groundwater and soil contamination. Without adequate funding, it can be challenging to cover the initial costs and ongoing expenses associated with the waste management industry.

Waste Reduction 52

Waste Reduction Waste Cost Reduction Expense Reduction 52

3PL Links

FEBRUARY 11, 2024

Image source: Rawpixel.com | How to Make Reverse Packaging Logistics More Efficient? Each tactic—from active consumer involvement to sustainable design—is laid out clearly and demonstrates how we may improve the efficiency of packaging recycling.

Sourcing Strategies 48

Sourcing Strategies Waste Reduction Resource Reduction Expense Reduction 48

GlobalTranz

FEBRUARY 27, 2017

While trucks have a smaller carbon footprint/kg/km than air freight, the enormous volume of truck freight explains why reducing the carbon footprint is a priority goal. Add in emissions from fork trucks, yard trucks, 3PLs and there’s almost no way for a shipper to assess, track and reduce their carbon footprint easily. Root cause.

Waste Reduction 80

Waste Reduction Cost Reduction Expense Reduction Material Savings 80

GlobalTranz

JULY 28, 2021

It's important to understand how transportation optimization can work well with managed transportation service providers to attain that goal. An optimized supply chain is one that is as efficient as possible; it is more likely to reduce costs, increase customer satisfaction rates, and add value for stakeholders.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

GlobalTranz

JULY 12, 2016

This is solved through best practices, efficient and proven strategy, proper measurement of your tools and people, and the use of effective technology which doesn't add bloat, but is an enablement tool to provide a tangible Return on Investment in the way of reduced time and costs. . Revise your labor scheduling strategy.

Material Savings 73

Material Savings Cost Reduction Optimal Sourcing Inventory Reduction 73

GoShip Blog

NOVEMBER 14, 2018

Start setting the strategy in advance, rethinking all the possible drawbacks and difficulties you might face. Take a look back at the prior year or at your competitors’ strategy and make proper adjustments and improvements to your strategy that could help benefit your company. Big data analysis and forecasting.

Expense Reduction 49

Expense Reduction Inventory Reduction Efficiency Supply Chain Planning Software 49

GlobalTranz

JANUARY 28, 2015

The process, of shipping and managing your freight expenses, is becoming more dependent on the size of your freight and the space it occupies than ever before. Yesterday we explained how to calculate dimensional weight covering the parcel examples and the impact on shipping costs , in general. 29 and Jan. 1, respectively.

Negotiating Skills 97

Negotiating Skills Price Reduction Cost Reduction Waste Reduction 97

Conger

MARCH 28, 2024

These commercial vehicles are called fleets and are often one of the most expensive assets for a business. It helps in promoting safer driving practices and reducing breakdowns. One of the strategies to consider is adopting robust fleet management software, which enables businesses to automate and streamline fleet-related processes.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

Log-hub

NOVEMBER 6, 2023

Maintaining optimal stock is not just about inventory management; it’s a strategic imperative that impacts customer satisfaction, streamlines order fulfillment processes, reduces lead times, and improves order cycle times, thus enhancing overall efficiency of the entire supply chain.

Optimization Software 52

Optimization Software Inventory Reduction Optimization Cost Reduction 52

GlobalTranz

JULY 14, 2015

The Internet of Things (IoT) seems to be popping up in more conversations throughout the entire supply chain , and more businesses have turned towards IoT experts for guidance on how to take advantage of its benefits. The Internet radically changed how the world communicates. Analysis of Trends and Recommendations.

Supply Chain Software 103

Supply Chain Software Supply Chains Manufacturing Procurement Scenario Planning 103

Log-hub

NOVEMBER 22, 2023

7 min read Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis In the dynamic world of supply chain management, optimizing warehouse operations has become an indispensable factor for businesses. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

GlobalTranz

FEBRUARY 11, 2015

Traditionally Transportation Management Systems have been very expensive and complex, making them costly to implement and maintain over time. Cloud-based products are cutting down on the time it takes to install and implement a Transportation management System in an effective way.

Expense Reduction 94

Expense Reduction Price Reduction Vendor Strategies Transportation 94