FreightWaves SONAR

FEBRUARY 4, 2021

Track truckload freight accessorial costs As reported by Inbound Logistics , “Carriers price accessorials, such as liftgate or non-commercial delivery, at a premium. More importantly, the type of carrier, whether asset-based or a lite carrier, may impact the risk of accessorials and overall pricing as well.

Optimization Software 98

Optimization Software Negotiate Pricing Negotiating Skills Optimization Modeling 98

Logistics Bureau

FEBRUARY 15, 2021

Once you have done that, you move into getting prices on the vehicles. It’s looking at what’s available on the market, the different suppliers, what their products are like, whether it matches your needs—it is not actually buying the product. But it’s not only the price. In other words, be a boffin in data analysis.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Purchasing Skills Procurement 98

MTS Logistics

OCTOBER 9, 2023

In a nutshell, the main advantages of supply chain risk diversification are minimizing potential supply chain-related disruptions, having more negotiating power, improved resilience, and access to new markets. By diversifying suppliers across different regions, companies can reduce the impact of localized disruptions.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills Supply Chain Software Supply Chains 105

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. Purchasing from many different suppliers instead of saving through consolidation. You may have found the cheapest supplier for a single item, but are you getting the maximum savings on your entire spend?

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

WorkWave

MAY 30, 2024

Supplier Relationship Management (SRM) is a critical component for field service organizations looking to optimize their operations and ensure the highest level of quality and efficiency in their supply chain. What is Supplier Relationship Management (SRM)?

Negotiate Pricing 52

Negotiate Pricing Vendor Strategies Negotiating Skills Material Savings 52

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 75

Negotiating Skills Cost Reduction Negotiate Pricing Price Reduction 75

Logistics Bureau

OCTOBER 10, 2022

Suffice it to say that, generally, it’s wise to hold service as the non-negotiable element of inventory optimisation, thereby seeking to keep the right amount of stock to meet required service levels while minimising the inventory costs as much as possible. 3: Supplier Lead Time. 2: Forecast Accuracy.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Modeling Optimization Software 105

MTS Logistics

NOVEMBER 26, 2021

Numerous details are manually recorded, such as the products needed, quantity of items, descriptions, pricing, payment details, delivery methods and dates. Total price. Negotiate contract and send PO. As a result, communication management with suppliers is vastly improved. Delivery date. Shipping method. Item quantity.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Purchasing Negotiate Pricing 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

Ship Monk

JULY 7, 2022

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. If they sell their finished goods to retail partners or wholesalers, these buyers will expect a lower price in exchange for their higher order volume.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

MTS Logistics

FEBRUARY 26, 2024

Well, a freight forwarder negotiates rates on your behalf, knowing the market. This allows more allocation as a booking agent, having prices that are more accessible, too. Customers, shippers, and suppliers trust that their cargo is secure and will be delivered on time.

Freight forwarding 111

Freight forwarding Negotiating Skills Freight Negotiate Pricing 111

Ship Monk

OCTOBER 8, 2024

With large shipping volume: You can negotiate discounts on shipping. Without large shipping volume: You don’t have much leverage when it comes to negotiating discounts. 2) Prioritize Flexibility You may think that negotiating with a single carrier from a single location will give you the best rate, but don’t sell your business short.

Negotiating Skills 69

Negotiating Skills Cost Reduction Inventory Reduction Negotiate Pricing 69

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

EazyStock

NOVEMBER 19, 2020

A key responsibility of every stock replenishment team is to negotiate the best price for the items they reorder, so that the sell-on price can be as profitable as possible. But when looking at the bigger picture the ‘best-price’ is not always the most cost-effective way to procure a product. optimizing inventory levels.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

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

Log-hub

NOVEMBER 22, 2023

In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years. 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

Log-hub

NOVEMBER 22, 2023

In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years. 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

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

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

Talking Logistics

FEBRUARY 21, 2019

Trading Partner Agreements – Current agreements with vendors typically need to be expanded to include dropship pricing. Negotiations with the vendors to understand product costs and evaluating profitability is critical in this step. Let’s face it, the vendor is required to do more work.

Vendor Strategies 84

Vendor Strategies Manufacturing Procurement Negotiating Skills Supply Chain Planning Software 84

Transporeon

JANUARY 25, 2018

The challenge For many years, Amway had used a generic sourcing tool that only facilitated communications with the company’s carriers rather than providing access to a supplier database and a collaborative environment to conduct sourcing events. It is a good feeling to know that you have control over the negotiation process.”

Negotiating Skills 48

Negotiating Skills Manufacturing Procurement Cost Reduction Supply Chain Planning Software 48

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 104

Manufacturing Procurement Logistics Network Optimization Software Supply Chain Planning Software Negotiating Skills 104

Logistics at MPEPS at UPV

APRIL 2, 2021

Diversification of suppliers has worked in the midst of a global context of limited distribution, especially for those high-income countries that bet only on vaccines produced in the West. billion doses of vaccines have been purchased by wealthy countries, according to an analysis by Duke University. billion of the 6.8 manufacturing.

Negotiate Pricing 52

Negotiate Pricing Negotiating Skills Purchasing Skills Manufacturing Procurement 52

Blue Grace Logistics

SEPTEMBER 21, 2021

Our economy relies on the transportation of goods and materials to connect suppliers with manufacturers, manufacturers with retailers, and retailers with consumers. To avoid problems with suppliers in times of capacity shortage, an inventory strategy is helpful. Want a FREE Supply Chain Analysis? Inventory .

Material Savings 62

Material Savings Capacity Optimal Sourcing Inventory Reduction 62

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

Logistics Bureau

APRIL 8, 2016

Supply chain costs often represent a considerable percentage of the sales price of a good or service. Running a spend analysis is the first step to understanding what you are spending, and therefore where you might look for savings. Retail Suppliers: best in class <5.8% industry average 8.6%.

Cost Reduction 61

Cost Reduction Material Savings Inventory Reduction Price Reduction 61

Turvo

FEBRUARY 9, 2021

This is where freight data recording and analysis can help with the supply chain’s internal adding value. . It’s been said that there are two ways to increase profits: raise prices or reduce expenses. This becomes best accomplished by taking advantage of freight data analysis. Use data to guide new bidding processes.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Data Negotiating Skills Supply Chain Planning Software 52

Locus

DECEMBER 7, 2021

Oil price fluctuations. Fluctuations in oil prices and oil supply disruptions are majorly caused by political events, supply pipeline issues or weather problems. Oil price and logistics operating cost follows a linear pattern, and if we double our fuel prices, operating cost would increase by about a factor of 1.8.

Optimal Sourcing 52

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

3PL Links

JUNE 19, 2024

Choosing strategic suppliers Collaborate with trusted suppliers who can fulfill regular delivery schedules. This could also entail negotiating reasonable prices with these businesses. Monitoring and analysis Keep a close eye on your logistics operation’s key performance indicators (KPIs).

Expense Reduction 48

Expense Reduction Inventory Reduction Optimal Sourcing Sourcing Strategies 48

Logistics Bureau

JANUARY 1, 2025

ABC Analysis: A form of Pareto analysis applied to a group of products to enable selective inventory management controls. ABC Classification: The classification of inventory, after ABC analysis, into three basic groups for the purpose of stock control and planning.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 76

Logistics Bureau

MAY 8, 2023

Once again, this lack of analysis or structure in freight mode selection protocols is a mistake that often arises when a company under-resources freight management activity. In addition, TMS operators can often negotiate the best possible freight rates. TMS: Is it the Same as Outsourcing?

Negotiating Skills 52

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 52

Logistics Bureau

MAY 24, 2019

per chip were bearable for units selling for $100, but the price of the new chip was a fraction of that, at about $20. Aside from having too many disparate and redundant processes, the company had multiple IT solutions, none of which provided a holistic view of the supply chain or supported focused analysis. Procurement analysis.

Cost Reduction 77

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 77

Conger

MARCH 28, 2024

Leverage technology for expense tracking and analysis: Using technology makes fleet expense monitoring easier. Once a fleet vehicle has reached the end of its useful life and is ready to be resold, fleet managers are adept at selling it for the highest possible price. Leasing provides flexibility and lower upfront costs.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

The Logistics Academy

FEBRUARY 13, 2017

We also provide frameworks for effective interactions with others in courses such as purchasing, negotiation, professional selling, and team-based assignments. Our students take courses in statistical analysis and business intelligence, where they learn the tools necessary to measure risk. What can be measured can be managed.

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.”. AutoSphere to the rescue.

Supply Chain Design Software 28

Supply Chain Design Software Optimization Software Supply Chain Software Logistics Network Optimization Software 28

Logistics Bureau

JANUARY 14, 2025

The Factory Gate Pricing (FGP) and Primary Freight (PF) strategies, as adopted by major grocery retailers, are causing a shudder up the spine of many retail suppliers. What are Factory Gate Pricing and Primary Freight strategies? Under the FGP and PF models, the retailers collect the products from the suppliers factory gate.

Price Reduction 75

Price Reduction Cost Reduction Sourcing Strategies Negotiate Pricing 75