GlobalTranz

AUGUST 17, 2015

A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle. A comprehensive supplier management strategy helps organizations arrange suppliers based on different tiers of importance and reliability. .

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction 98

Logistics Viewpoints

DECEMBER 30, 2024

A production plan from an IBP meeting should be considered a rough-cut long-term plan, merely the best estimation of what was likely, not something written in stone. A recent supply chain planning market analysis released by the ARC Advisory Group suggests EY has picked up on a trend.

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85

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 74

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 74

Logistics Viewpoints

MARCH 25, 2021

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. It’s vital to identify and protect critical vendors and partners that could be unwitting attack vectors. Trade disputes and tariffs.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 195

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. Cost is an important consideration as well.

Modeling Software 136

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 136

The Logistics of Logistics

JULY 27, 2022

Mark and his team work to become trusted partners with their shippers, carriers and technology partners – supplier, vendor, etc. While the focus is on freight tech and supply chain software that is automating the industry, relationships are still the secret sauce that drives the best companies. is not good enough.

Logistics Network Optimization Software 284

Logistics Network Optimization Software Modeling Software Supply Chain Software Procurement 284

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. Again, these are changes that can add to your cost-to-serve, and, during your transition, you might not have had time to look for ways to reduce expenditure. Rework – due to errors.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

10xLogistics

MARCH 24, 2013

First, it is interesting that "flawless execution" does not get the respect it deserves and if you dedicate your life to this you are somehow working on something "less" than strategy. The top performers deal with strategy and all others deal with the day to day execution - or so the top consultants will say.

Vendor Strategies 54

Vendor Strategies Cost Reduction Strategy Availability 54

Logistics Bureau

AUGUST 2, 2021

The price you pay your vendors for their products is a significant factor in your company’s ability to compete in its market. Here, we’re talking about all your vendors. Purchase order cycle time is a KPI that measures the elapsed time between raising a requisition request and the transmission of the purchase order to the vendor.

Procurement Analytics 118

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 118

GlobalTranz

OCTOBER 16, 2015

We've schedule pick ups with the vendors of our shipper customers. 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. 10 LTL Procurement Cost Cutting Tips. LTL procurement is something we do very well.

Negotiating Skills 90

Negotiating Skills Price Reduction Optimal Sourcing Cost Reduction 90

Logistics Viewpoints

OCTOBER 9, 2024

DPPs simplify compliance by consolidating all necessary information in one place, reducing administrative burdens. As the regulatory environment continues to shift, companies that adopt DPP strategies will be better prepared for the future. Environmental Protection Agency focuses on lifecycle analysis and waste management.

Compliance 129

Compliance Digital Sourcing Strategies Waste Reduction 129

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 132

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 132

Logistics Viewpoints

DECEMBER 12, 2023

However, the average company struggles to integrate robots from multiple vendors with their existing systems and processes, as well as divide and orchestrate work across humans and machines. 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.

Supply Chain Planning Software 184

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 184

Logistics Bureau

NOVEMBER 9, 2020

Key Cycles to Target for Working Capital Reduction. By shrinking one or more of these cycles, you can impact the cash conversion cycle positively and reduce the need for working capital. How to Reduce Cycle Times. You can reduce handling by: Automating your warehouse processes. These are: Customer orders. Supplier leads.

Material Savings 116

Material Savings Vendor Strategies Inventory Reduction Supply Chain Software 116

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

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 Viewpoints

DECEMBER 11, 2023

Bricz is agnostic to WMS vendors, providing objective insights to its clients from solution design, WMS selection, process and technology mapping, and even warehouse control system and robotics selections. Spinnaker is vendor-agnostic when it comes to implementing SCP solutions. WMS has been a historical centerpiece to the practice.

Supply Chain Design Software 165

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 165

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 103

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 103

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 117

Cost Reduction Purchasing Skills Waste Reduction Material Savings 117

Logistics Viewpoints

FEBRUARY 9, 2021

But advising that visibility vendors should be evaluated based on “how well they align to the company’s existing carrier network” overlooks several other critical factors that should be part of the calculus. Our strategy was to lead with shippers, then onboard their vast networks of carrier, broker and 3PL partners. Data integrity.

Supply Chain Design Software 132

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 132

Logistics Viewpoints

SEPTEMBER 19, 2024

Additionally, software vendors continuously invest in tuning the performance of their algorithms and models. Planners spend considerable time preparing scenario planning and not the actual analysis. For impactful scenario planning, planners must spend time on analysis rather than collating data and manually creating scenarios.

Supply Chain Planning Software 143

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 143

The Logistics of Logistics

NOVEMBER 15, 2021

Lean provides a turnkey solution to staffing challenges using a proven process that will improve profits while reducing employee costs. Vendor Managed Inventory. Vendor Management. Supply Chain Security Analysis. Lean can deliver on this promise because they are the pioneers in helping U.S. Distribution Center Management.

Logistics Network Optimization Software 195

Logistics Network Optimization Software 3PL Supply Chain Planning Software Supply Chain Design Software 195

Freightos

NOVEMBER 15, 2023

Judah Levine November 15, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 6% to $1,711/FEU. Europe – N. America weekly prices climbed 1% to $1.84/kg.

Price Reduction 118

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 118

Ship Monk

APRIL 5, 2024

The process involves collecting quantitative and qualitative data concerning vendor-provided goods and services, and analyzing this data for opportunities to improve (or reasons to end) the relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. If so, good on you!

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105

Logistics Viewpoints

FEBRUARY 28, 2022

Supply chain vendors have been touting their investments in artificial intelligence (AI) for the last several years. Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” Machine learning is being used to predict machine breakdowns. Final Thoughts.

Supply Chain Planning Software 178

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 178

Freightos

NOVEMBER 7, 2023

Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Some anticipate downsizing among forwarders for the same reasons.

Negotiating Skills 133

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 133

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

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. In fact, when Coupa acquired LLamasoft – the leading supply chain design software vendor – back in 2020, the product synergies were not at all clear to me.

Supply Chain Design Software 135

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 135

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 Vendor Strategies Inbound Resource Reduction 83

SYSPRO Smarter ERP

APRIL 6, 2023

Inefficiencies in AP can lead to delayed payments, lost discounts, and damaged vendor relationships. Errors can obviously result in delays of payment and inevitably will damage your relationship with that vendor. With the help of AP automation software, you can reduce the amount of work required to process AP transactions.

Manufacturing Procurement 98

Manufacturing Procurement Automation Vendor Strategies Procurement Solutions 98

SYSPRO Smarter ERP

OCTOBER 20, 2021

The second step will be to convert all critical business data produced going forward that requires analysis to be collected going forward. It may seem like a fundamental change, but digitization has enabled the elimination of paper archives as well as countless sheets, folders and files. Digital transformation: a strategy.

Digital 133

Digital Factories Supply Chain Planning Software Supply Chain Software 133

Logistics Business Magazine

DECEMBER 16, 2021

Governments across the globe are urging businesses to do more to reduce greenhouse gas emissions across the supply chain. In response, companies are taking sustainable leadership to new levels, with a particular focus on reducing their Scope 3 emissions to actively assist in supply chain decarbonisation.

Waste Reduction 57

Waste Reduction Vendor Strategies Cost Reduction Resource Reduction 57

GlobalTranz

JULY 28, 2021

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. Using an offshore vendor to manufacture a component for a larger automotive assembly is a typical example. Defining Transportation Optimization.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

Freightos

NOVEMBER 28, 2023

Judah Levine November 28, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,613/FEU. But despite reducing scheduled Asia – N.

Negotiating Skills 112

Negotiating Skills Price Reduction Vendor Strategies Resource Reduction 112

CH Robinson Logistics

MARCH 28, 2017

Company ABC engaged with their 3PL’s supply chain engineer team, who performed a network optimization analysis and made a final recommendation to eliminate 20 of the warehouse locations. Is network analysis a good fit for your company? Well, that depends on what your analysis unveils. The result? Change what?

Supply Chain Software 48

Supply Chain Software Analysis Supply Chains Networks 48

AIMMS

SEPTEMBER 17, 2019

The dilemma here often is: do I take the path of least resistance and upgrade to my current vendor’s costly new package, or do I risk running my business on a legacy solution a bit longer? Sometimes it seems like you don’t have a real alternative, other than what your current vendor is offering. – Tweet this.

Supply Chain Design Software 102

Supply Chain Design Software Modeling Software Supply Chain Software Supply Chain Design 102

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Increasing order efficiency. Demand forecasts. The quantity of each product.

Supply Chain Design Software 115

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