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Maximize Ecommerce Supplier Relationships

Ship Monk

When was the last time you thought about your business’ relationship with its suppliers? 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.

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Why Companies Need a Supplier Relationship Management Strategy

GlobalTranz

While the opportunities are numerous so are the challenges; in this fiercely competitive global marketplace success requires companies to pay closer attention to supplier relations. Global leaders should retain suppliers with vested interest in the long-term success of the company.

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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

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.

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Cost Reduction Strategies in Supply Chain: Guide

Logistics Bureau

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 <5.8% Industrial Suppliers <7.9% And What Should it Cost You?

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6 Truckload freight spend optimization best practices

FreightWaves SONAR

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.

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Inventory Replenishment Strategies that Increase Profits

EazyStock

Inventory Replenishment Strategies to Boost Profitability. Managing variable supplier lead times. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Both can be very costly.

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Cost to Supply v Cost to Serve and Why You Need to Understand It

Logistics Bureau

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!