FreightWaves SONAR

JANUARY 25, 2021

For managers in the transportation industry, freight load pricing accuracy remains a source of confusion and disruption. Freight management companies and partners can remain unsure of how to attain or utilize meaningful, actionable freight data. . Why outdated data hurts carriers in the short- and long-term. Download the White Paper.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

Locus

JUNE 16, 2023

Fuel costs: Last-mile fuel costs require careful management as they make up 25% of a truck’s operational costs over volatile price fluctuations. Read also: How to Calculate the Cost of Transport 2. Read also: A Study of Unit Economics in Last Mile Delivery Is it essential to reduce last-mile delivery costs for vehicles?

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

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

GlobalTranz

OCTOBER 6, 2017

An effective warehouse management strategy can successfully reduce rework and drive warehouse management cost savings. However, poor decisions and assumptions can lead to the buildup of other inefficiencies, diminishing the value of your existing warehouse management strategy. In must be built on these principles.

Cost Reduction 10

Cost Reduction Inventory Reduction Vendor Strategies Price Reduction 10

WorkWave

MARCH 26, 2024

Let’s delve into this topic to understand its significance and explore strategies for optimizing delivery routes to enhance customer satisfaction. By minimizing fuel consumption, reducing vehicle wear and tear, and optimizing driver schedules, businesses can cut down on operational costs associated with logistics.

Optimization Software 105

Optimization Software Optimization Logistics Network Optimization Software Cost Reduction 105

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. But when looking at the bigger picture the ‘best-price’ is not always the most cost-effective way to procure a product.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

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

Ship Monk

APRIL 28, 2023

In addition to satisfying conscientious consumer demand, eco-friendly efforts can benefit your ecommerce business by reducing waste within your company and improving operational efficiencies. Translation: these ecommerce businesses have operating standards that minimize or reduce negative impact on the planet.

eCommerce 97

eCommerce Waste Reduction How To Material Savings 97

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

Logistics Viewpoints

MARCH 25, 2021

How To Overcome Supply Chain Disruption. Global trade regulations and conflicts, as well as tariff threats as a political tool, could cut off sources and markets and push your business plan into the red. Price fluctuations and sourcing issues. Embracing technology is part of that solution. Trade disputes and tariffs.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 130

Logistics Bureau

OCTOBER 10, 2022

Before we look at the barriers to optimal inventory and the possible ways to eliminate or overcome them, let’s be clear on what inventory optimisation means—because misconceptions do abound. At this point, perhaps you’re wondering if we’re suggesting you reduce your service levels to lower the amount of inventory you hold.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Modeling Optimization Software 105

Ship Monk

MAY 20, 2021

Competitive Analysis. A competitive analysis is a great way to learn from the greats while also spotting potential structural weaknesses within your own business. #5. Marketing Strategy. Your marketing strategy is all about your brand, who it’s for, and how you’re going to get it out there. Now, for the fun part!

How To 96

How To Price Reduction Course Analysis 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. Customer behaviour.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

Ship Monk

APRIL 16, 2024

Triangulation Fraud This scam involves a fraudster selling products on Amazon or eBay at attractively low prices. For this reason, many businesses focus their fraud prevention efforts at trying to reduce the number of transactions that are flagged for manual review. The legitimate ecommerce business must then absorb the chargeback.

eCommerce 105

eCommerce Modeling Software How To Procurement Solutions 105

SYSPRO Smarter ERP

JANUARY 23, 2023

Fossil fuel energy prices are expected to remain high, so reducing energy consumption can reduce costs. New industrial processes that reduce emissions can also lower the cost of energy. ESG reporting and analysis Data is one of the most important requirements of an ESG program. Manage the portfolio.

ERP 111

ERP Waste Reduction Optimal Sourcing Supply Chain Planning Software 111

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

FreightWaves SONAR

FEBRUARY 22, 2021

They tend to follow similar lines and influence services and prices throughout transportation networks. And it’s critical to know how to apply these practices correctly. . Truckload services and freight load price options stay related to how well supply chains manage available assets. Request a SONAR Demo.

Price Reduction 75

Price Reduction Supply Chain Planning Software Waste Reduction White Paper 75

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? ARTICLE SUMMARY.

Cost Reduction 69

Cost Reduction Negotiating Skills Price Reduction Material Savings 69

GlobalTranz

APRIL 28, 2017

Change Your Strategy. Typical strategy formulations would include things like developing a mission statement, outlining your values, determining your core competencies, your key messages, what resources you may have, market research, SWOT analysis, accountabilities, and so on. So what is your help strategy?

Manufacturing Procurement 83

Manufacturing Procurement Inbound Vendor Strategies Resource Reduction 83

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. So how can you better control your indirect spend? But I often see companies that have more cutting tools, for example, than they need. Sometimes, this oversupply doesn’t really matter. Too Costly.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

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 87

Supply Chain Planning Software Supply Chain Software Supply Chains How To 87

FreightWaves SONAR

APRIL 5, 2021

Tracking market trends within truckload rates relies heavily on data and analysis. The key to avoiding this kind of situation is predictive planning and analysis. This kind of real-time data analysis and application is essential for shippers to stay strategic and tactical as they forecast out contract and spot truckload rates.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

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. What This Blog Is About: How to build a mutually beneficial relationship based on trust & credibility with your suppliers.

Maintainability 118

Maintainability Price Reduction Purchasing Skills Resource Reduction 118

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

GlobalTranz

JANUARY 20, 2015

How much should you invest? How to gain adoption? Bottom line, it’s great to say you want to have a commerce-enabled site, but before jumping to the technology stage, what is your strategy? The Cerasis “e-commerce” blog category has great articles on developing your strategy. Conduct a customer analysis.

Manufacturing Procurement 105

Manufacturing Procurement Price Reduction Inventory Reduction Resource Reduction 105

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. Banks often require a detailed analysis of the business and its potential revenue streams before considering providing loans. Start Using RouteManager!

Waste Reduction 52

Waste Reduction Waste Cost Reduction Expense Reduction 52

Ship Monk

FEBRUARY 24, 2024

How much are you spending on manufacturing, shipping, marketing, customer support, logistics services, and order fulfillment services? You never want to cut corners on these, or any, crucial areas of your ecommerce brand. But with almost every case of overpreparing there is a price to pay.

eCommerce 105

eCommerce Inventory Reduction Tips Waste Reduction 105

FreightWaves SONAR

DECEMBER 22, 2020

Shippers want a significant reduction in the stress of logistics. With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. Here’s the truth.

Optimization Software 105

Optimization Software Optimization Tips Price Reduction 105

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Other related tools such as Pareto analysis identify which products are most profitable and hence those you should focus your attention on. Providing them with an accurate forecast ensures not only your intention to purchase but also provides the right details to secure the best pricing and terms. Managing Inventory.

Supply Chain Planning Software 105

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

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

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. Here are six inventory optimization strategies to improve inventory turnover without damaging stock availability: Know your inventory items’ position in their product life cycle.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Stord

OCTOBER 15, 2024

But how do you do this for every order, each and every day, forever? Analytics for Risk Management This isn't your grandmother's data analysis; we're talking about sophisticated pattern recognition that makes your shipping operation smoother than a freshly waxed surfboard. It all comes down to how well you can utilize your data.

Data 78

Data Ordering Negotiating Skills Supply Chain Design Software 78

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

FreightWaves SONAR

JANUARY 26, 2021

Supply chain leaders continue to focus their efforts on finding the right mix of assets used, market positioning and carrier freight pricing strategies. When the freight market meets expectations and is less volatile, it is easy for shippers and carriers to not look at inefficient processes or their transportation procurement strategy.

Price Reduction 78

Price Reduction Cost Reduction Waste Reduction Optimal Sourcing 78

GlobalTranz

FEBRUARY 11, 2015

At the same time, as pricing drops it will make those companies that do not adopt these practices obsolete. Cloud-based products are cutting down on the time it takes to install and implement a Transportation management System in an effective way. Reasons to Implement a Transportation Management System.

Expense Reduction 94

Expense Reduction Price Reduction Vendor Strategies Transportation 94

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

SYSPRO Smarter ERP

DECEMBER 19, 2022

Inventory optimization is the process of maintaining the right amount of inventory required to meet demand, in the right locations, at the same time reducing inventory-related costs, and avoiding common inventory issues such as stockouts, overstocking, and backorders. Inventory optimization. The ability to manage inventory better.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105