Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. 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. It’s that pop-up in your shopping cart that says, “Add $17.96 to your cart to get free shipping!”

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

Logistics Bureau

SEPTEMBER 4, 2023

With that question answered, I’m giving the rest of this article over to highlighting several business and supply chain issues, which, if you are experiencing them in your enterprise, are potent indications that CTS analysis should be on your agenda —for execution at the soonest. We’ll begin with a look at pricing strategy.

Negotiating Skills 103

Negotiating Skills Purchasing Skills Cost Reduction Analysis 103

MTS Logistics

FEBRUARY 26, 2024

In this article, we define five advantages that will transform the future of freight forwarding. 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.

Freight forwarding 88

Freight forwarding Negotiating Skills Freight Negotiate Pricing 88

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. Here are the basics: Break down your suppliers costs into the big driving buckets. This does not mean you are trying to ensure the supplier does not make a profit.

Negotiating Skills 54

Negotiating Skills Cost Reduction Modeling Negotiate Pricing 54

SYSPRO Smarter ERP

OCTOBER 11, 2021

Each day these manufacturers manage complex supply chains , carry out highly precise production, and must negotiate a raft of regulations. For example, the manufacturing of pharmaceuticals vs. processing liquid waste in the mining industry. Types of process manufacturing. Process manufacturing is not the same for all industries.

Manufacturing Procurement 119

Manufacturing Procurement ERP Supply Chain Planning Software Purchasing Skills 119

Logistics Bureau

NOVEMBER 28, 2024

Supply chain costs often represent a considerable percentage of the sales price of a good or service. If net profit on sales is 5%, for example, a reduction in supply chain costs from 9% to 4% (or from 12% to 7%) will double net profits. Retail Suppliers <5.8% Industrial Suppliers <7.9% Manufacturers <6.8%

Cost Reduction 79

Cost Reduction Inventory Reduction Material Savings Expense Reduction 79

Logistics Bureau

DECEMBER 7, 2024

Current liabilities are typically accounts payable, meaning the money you are due to payout, for example to suppliers. As a result, if you can get paid by your customers before you have to pay your suppliers and reduce inventory to boot , your current assets can be reduced to below your current liabilities.

Material Savings 69

Material Savings Inventory Reduction Cost Reduction Vendor Strategies 69

Logistics Bureau

APRIL 18, 2019

Either way, you might find this article of value, because we’re going to discuss some of the positions you might aim for among the vast range available, and the career paths associated with them. However, it also means that the paths discussed in this article are mere possibilities, rather than absolutes. Logistics Director.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 104

Blue Grace Logistics

APRIL 7, 2020

Below, taking reference from the article, we discuss why this is good for the business and how it can benefit them and other stakeholders in the ecosystem. For example wholesalers, retailers, e-commerce websites, also benefit in the form of more saleable goods to offer their customers. Diversification also empowers customers.

Supply Chain Design 62

Supply Chain Design Supply Chains Negotiating Skills Negotiate Pricing 62

Forto

AUGUST 3, 2020

When looking for trustworthy suppliers, you should take your time and seek support. Deal with the customs formalities – also to be able to calculate your sales prices exactly. Manufacturers in China often produce articles much cheaper, so the profit margins in sales are therefore higher. Find Trustworthy Suppliers.

Negotiate Pricing 52

Negotiate Pricing Negotiating Skills After-sales Examples 52

EazyStock

MARCH 14, 2023

In this article, we will show you some of the most important steps and measures to equip your organization for an economic downturn and create opportunities to flourish even during an economic downturn. Strong supplier relationships are vital to ensuring your supply chain is cyclically secure.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

Logistics Bureau

NOVEMBER 4, 2019

This speculative post explores the difference between B2B and B2C freight pricing. Should they offer tiered freight-price options like those enjoyed by consumers, and what stops them from doing so? Tiered Freight Pricing in B2C Markets. Pricing calculations can be based on: Distance traveled. Trucking lanes used.

Purchasing Skills 49

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 49

Logistics Bureau

MAY 8, 2023

That’s the first big mistake I want to address in this article, after which I’ll share information about ten other freight management mistakes we commonly see at Logistics Bureau while working with clients on supply chain improvement. 1: The Mistake of Minimalist Freight Management So, what about this minimalist management issue?

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

Logistics Business Magazine

AUGUST 31, 2023

This article by SHIPSTA addresses six of the most common challenges that can surface in peak shipping season, while providing solutions on how to best address them. Pressure to Save Costs Transportation accounts for a significant amount of total operational costs, consequently becoming a huge target for potential cost savings.

Optimal Sourcing 50

Optimal Sourcing Negotiating Skills Sourcing Strategies How To 50

Logistics Bureau

JANUARY 1, 2018

The following are examples. Supplier unreliability. A key example is the expert system. Image processing is an example. Price pressure and the need to make profits have left many supply chain organisations in a tight corner. One example is supplier performance evaluation. Hard to plan for demand.

Supply Chain Planning Software 65

Supply Chain Planning Software Supply Chain Software Supply Chains Modeling Software 65

247 Customs Broker

MARCH 26, 2018

Our rates are going up and the carriers are completely unwilling to negotiate with us—where did we go wrong?”. First, the typical procurement-driven sourcing event views transportation as a commodity and thus, is oriented toward getting the lowest price. In this market, your carriers know that they don’t have to “negotiate” with you.

Optimal Sourcing 28

Optimal Sourcing Sourcing Strategies Negotiating Skills Negotiate Pricing 28

3PL Links

MAY 11, 2023

This is because it plays a crucial role in keeping a firm running by ensuring the essential inputs, locating suppliers, negotiating better rates and terms, and managing the entire process. In a nutshell, the failures are caused by the fact that suppliers do not always have security management, allowing gaps in the system.

Sourcing Strategies 48

Sourcing Strategies Supply Chain Software Supply Chains Optimal Sourcing 48

Kanban Logistics

FEBRUARY 27, 2020

In this article, we’ll examine all that 3PL warehousing entails, while helping you find a 3PL partner that’s right for your business. With the VMI model, manufacturing suppliers work with 3PLs to store goods that the manufacturer will eventually require. Examples include: Shipping the wrong product. Types of 3PL Warehousing.

Warehousing 52

Warehousing 3PL Negotiating Skills Modeling Software 52

Forto

JULY 15, 2019

In this article, you will learn to recognize and identify the signs that indicate you need to change your freight forwarder, what to consider when changing freight forwarders or logistics service providers and how long it can typically take to successfully implement the change. . Understandable and Reliable Pricing.

Freight forwarding 40

Freight forwarding Supply Chain Planning Software Freight Logistics Network Optimization Software 40

Logistics Bureau

JULY 25, 2022

Thirdly, suppliers and buyers are finding it increasingly difficult to do business due to the need for compliance with the continuing barrage of harsh sanctions. Many Western enterprises unknowingly depend on Russian and perhaps Ukrainian companies as t ier 2 suppliers. Firstly, the war is having a direct impact on ports and routes.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Design Supply Chains Scenario Planning 115

Ship Monk

JANUARY 20, 2023

A manufacturer purchases steel from a supplier and turns it into tiny gears to make watches. To the supplier, the steel is merchandise inventory (a.k.a. By forcing customers to buy a certain number of product(s) with each order, a supplier can achieve profitability through economies of scale. finished goods). Order Level MOQ 3.)

eCommerce 52

eCommerce Inventory Reduction Material Savings Manufacturing Procurement 52

Talking Logistics

DECEMBER 20, 2017

I was wrong, for example, about obstructive sleep apnea becoming the new debate in trucking; the debate ended before it really started after the Federal Motor Carrier Safety Administration and Federal Railroad Administration withdrew their proposed rule to have rail workers and commercial motor vehicle drivers tested for obstructive sleep apnea.

Supply Chain Design Software 58

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 58

Logistics Viewpoints

DECEMBER 12, 2024

Strategy: Reshoring production, regionalizing supply chains, or finding alternative suppliers are among the strategies available to mitigate the impact of tariffs on intermediate goods. Example: Aluminum ingots are imported from China into the U.S. Example: A pickup truck assembled in Mexico using parts from the U.S.

Optimal Sourcing 129

Optimal Sourcing Material Savings Cost Reduction Price Reduction 129

Material Handling and Logistics

OCTOBER 26, 2018

NOTE: Ron Giuntini also participated in the roundtable, but his contribution on the servitization trend will appear in a separate article. . In the world of economics, articles abound regarding the controversial issue of whether in the future the U.S. For example, the NIST demonstration shows an assembly operation.

Supply Chain Design Software 89

Supply Chain Design Software Supply Chain Software Inventory Reduction Supply Chain Planning Software 89