The Logistics of Logistics

FEBRUARY 12, 2021

Freight damage is not only expensive and upsetting to customers, but it is also ridiculously hard to figure out where, when, and how it occurred. Ilya was formerly a strategy and operations management consultant within the Big 4 with both PwC and KPMG, advising Fortune 1000 clients across healthcare, technology, and private equity verticals.

Expense Reduction 195

Expense Reduction Freight Supply Chain Software Modeling Software 195

WorkWave

JANUARY 21, 2025

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. These sectors rely heavily on foreign-born workers, with an estimated 20% of service occupations filled by immigrants.

Cost Reduction 111

Cost Reduction Price Reduction Expense Reduction Material Savings 111

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 93

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 93

3PL Links

JANUARY 8, 2025

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.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

Logistics Viewpoints

JUNE 4, 2024

With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.

Inventory Reduction 171

Inventory Reduction Supply Chain Planning Software Inventory Waste Reduction 171

Blue Grace Logistics

AUGUST 7, 2024

For companies involved in shipping freight, the combination of order-level management and cost to serve analysis can be a game-changer. Precision in Fulfillment – Possible 28% Reduction in Fulfillment Errors Order-level management allows businesses to streamline their fulfillment processes.

Cost Reduction 117

Cost Reduction Expense Reduction Resource Reduction Ordering 117

MTS Logistics

OCTOBER 31, 2024

There must be efficient strategies deployed to reduce the spread of pests and different stakeholders must contribute in some way. The emerald ash borer, a devastating wood-boring insect found in China and eastern Asia, is an example of a pest that is expensive to eradicate. What are the primary consequences of not doing so?

Expense Reduction 100

Expense Reduction Resource Reduction Cost Reduction How To 100

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

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

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

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. Naturally, overall cost-to-serve will be higher for online than in-store sales due to the added expense involved in picking, packing, and delivering customers’ purchases.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

Blue Grace Logistics

AUGUST 10, 2021

Over the last decade, ever since social media and the IoT became common-place mediums, there has been a change in marketing tools and strategies. A more streamlined communication is provided by omnichannel strategies. In-store visits were drastically reduced during the pandemic. What does the future hold for physical retail?

Expense Reduction 62

Expense Reduction Cost Reduction Strategy Optimization Software 62

GlobalTranz

MARCH 24, 2015

Carriers in the trucking industry and also shippers today are actively looking for ways to combat the rising costs of operating their businesses, but they often do not fully understand proper benchmarking, transportation cost analysis, and profit management are intertwined. Maintenance repair was the next most expensive line item expense.

Purchasing Skills 94

Purchasing Skills Cost Reduction Analysis Procurement Analytics 94

The Logistics of Logistics

NOVEMBER 4, 2019

Logistics companies that I talk to want to move to lead generation before they nail the strategy. It’s really all about the strategy. It’s viewed as an expense, not an investment. If you have the right CRM, you can do a pretty good analysis of what percentage of business is emanating from marketing.

Expense Reduction 173

Expense Reduction Strategy Analysis Logistics 173

Logistics Viewpoints

JULY 17, 2023

And yet Jerry Peck, the vice president of product strategy for global trade and transportation execution at QAD, made the point that when global companies think about digital supply chains, global trade compliance is often not part of their thinking. An inverted tax strategy can magnify the landed cost differential.

Supply Chain Planning Software 147

Supply Chain Planning Software Compliance Supply Chain Software Optimization Software 147

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. One of them is a bad cost management strategy. What to avoid in your Supply Chain Strategy?

Cost Reduction 52

Cost Reduction Sourcing Strategies Expense Reduction Supply Chain Design Software 52

Logistics Viewpoints

JUNE 8, 2023

We’ll explore a few general solutions offered by leading technology platforms that retailers and logistics providers alike should consider: Carrier Allocation: Optimize cost and reduce risk by expanding partnerships with carriers and delivery service providers, improving capacity and flexibility.

Modeling Software 158

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 158

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 133

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 133

Logistics Bureau

JANUARY 9, 2019

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 118

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

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 in War

SEPTEMBER 29, 2017

However, the impact of logistics on strategy is just as significant and ultimately more profound. Logistic systems and supply chains, and the concepts that drive their formation, are as influential on strategy at least as much, if not more, than strategy should be in determining them. Supply routes to Afghanistan and Iraq, 2011.

Resource Reduction 49

Resource Reduction Expense Reduction Cost Reduction Strategy 49

Log-hub

JANUARY 8, 2025

Thats why its more important than ever to focus on strategies that work and make them part of your plan moving forward. Lets explore the key strategies that can keep your business ahead of the competition in 2025. Make Sustainability a Core Strategy Consumers care more than ever about where their products come from and how theyre made.

Optimal Sourcing 40

Optimal Sourcing Waste Reduction Inventory Reduction Resource Reduction 40

Conger

APRIL 1, 2024

By carefully planning and scheduling maintenance before issues arise, businesses can avoid interruptions and reduce costs associated with emergency repairs and downtime. Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Let’s dive in!

Material Savings 81

Material Savings Expense Reduction Resource Reduction Cost Reduction 81

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 117

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 117

MTS Logistics

APRIL 15, 2022

Although we had seen many bad examples of the piling up strategy, due to lack of direction, these two ports are also now congested. It is not always so easy to predict which port is going to be congested next, but diversifying the cargo origin and keeping cargo close to several ports is an expensive but safe choice.

Analysis 98

Analysis Cargo Expense Reduction Supply Chains 98

ShipLilly

FEBRUARY 12, 2021

The average spot rates and contract rates are continuing to rise according to Alan Murphy of Sea-Intelligence Maritime Analysis. Lars Jensen of SeaIntelligence Consulting is one of the industry experts raising the alarm on a tightening and ultimately expensive market. The statistics are startling. Contract Extensions. Wrapping Up.

Analysis 105

Analysis Manufacturing Procurement Purchasing Skills Price Reduction 105

Locus

JUNE 16, 2023

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. Just one hour of idling per day over a year equals 64,000 miles of engine wear , resulting in additional annual maintenance expenses of up to $9,472 per truck.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

Logistics Bureau

JANUARY 3, 2025

Quality and Detail of Data and its Analysis In some of our earlier posts, weve 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

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

GlobalTranz

SEPTEMBER 8, 2015

Each data entry is an opportunity for data capture and analysis. For example, the carrier may need to know how to handle delicate items, manage private and rented fleets, budget expenses, conduct international trade, ensure compliance to regulations, maintain safety, and make sure all KPIs align across the manufacturer-to-delivery route.

Cost Reduction 93

Cost Reduction Expense Reduction Supply Chain Planning Software Optimization Software 93

Logistics Bureau

NOVEMBER 12, 2024

Of course this stage of planning can become pretty complex, and it will often pay to seek advice from equipment suppliers or even engage a consulting firm to help you develop your storage strategy. This involves using data and simulation tools to identify areas for improvement and implement changes that enhance efficiency and reduce costs.

Modeling Software 87

Modeling Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 87

Logistics Viewpoints

DECEMBER 11, 2023

They also tend to be less expensive than the global consulting firms. enVista is system agnostic and assists its customers from WMS strategy and assessment, evaluation and selection, to system implementation, through to post implementation support. They also have a rigorous approach to integrated business planning consulting.

Supply Chain Design Software 180

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 180

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 117

Supply Chain Design Software Supply Chain Design Distribution Networks 117

Logistics Bureau

OCTOBER 10, 2024

You can achieve the benefits by simply rearranging products – within existing storage media – to reduce travel distance for pickers in your warehouse. Essentially, it’s about organising products so that frequently picked items are easily accessible, reducing the travel time for pickers. Reduce product damage.

Production 89

Production Inventory Reduction Cost Reduction Expense Reduction 89

Logistics Viewpoints

DECEMBER 12, 2023

Companies annually spend about $325 billion on warehousing — and 85% of that cost goes to operating expenses that include labor, space and equipment. The typical benefits of a WES include an 80% reduction in administrative costs, a 12% increase in units-per-hour, and a 15% improvement in throughput. billion in 2022 to $3.12

Supply Chain Planning Software 201

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 201

Carter Logistics

JANUARY 28, 2019

Near-sourcing – a business moving its operations closer to where its end products are sold – is a growing trend as well as a strategy in the supply chain industry today. Shorter Supply Chain – When the manufacturers and suppliers are located locally or regionally, the transit time is drastically reduced.

Sourcing Strategies 101

Sourcing Strategies Manufacturing Procurement Sourcing Resource Reduction 101

GlobalTranz

OCTOBER 14, 2015

Technology can help to simplify your supply chain management, which will enable your business to operate more efficiently, give you more visibility and control over your inventory, and help to reduce your operational costs. Computerized Shipping and Tracking. Radio frequency identification (RFID) has become one of the megatrends in logistics.

Supply Chain Planning Software 104

Supply Chain Planning Software Supply Chain Software Supply Chain Technology Sourcing Strategies 104