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

Freightera

AUGUST 13, 2024

The Best Practices to Help You Choose the Best Freight Shipping Solution As a business shipper, you need a reliable and efficient solution that you could use to ship freight internally, to and from your business partners and suppliers, or to your customers. That’s why we’ve prepared an article that’ll help guide you to an informed decision.

Negotiating Skills 40

Negotiating Skills Negotiate Pricing Modeling Software How To 40

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.

Manufacturing Procurement 89

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 89

GlobalTranz

FEBRUARY 12, 2018

In this article, he writes about the characteristics of an effective supply chain manager. . You want to meet those standards? There’s no need for constant meetings when you can take of most things through online communication. They will have to negotiate for resources, budgets, and schedules. Download white paper.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Negotiating Skills Supply Chains 70

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

MAY 9, 2016

Current liabilities are typically accounts payable, meaning money you are due to pay out, 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.

Inventory Reduction 55

Inventory Reduction Material Savings Cost Reduction Price Reduction 55

Logistics Bureau

JANUARY 1, 2025

Acknowledgement: In purchasing, acknowledgement is the term used to describe a suppliers confirmation that the buyers purchase order has been received, and hence, that the order is accepted. Suppliers and retailers share information with one another to enable continuous updating of inventory and replenishment requirements.

Supply Chain Planning Software 76

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

Turvo

FEBRUARY 9, 2021

It’s been said that there are two ways to increase profits: raise prices or reduce expenses. Stay ahead of the competition with data comparison, making it easier to see trends and meet customer demands. Diversify your suppliers/carriers to source more capacity. Moving product around spends money.

Logistics Network Optimization Software 52

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

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

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 52

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 52

Radius Logistics

JULY 17, 2024

In this comprehensive article, we will explore how SMBs can implement a JIT strategy with Radius Logistics, the benefits from a cost-saving perspective, and why this approach is particularly advantageous during the current freight Downturn. This methodology minimizes inventory levels, reduces storage costs, and enhances cash flow.

Material Savings 26

Material Savings Inventory Reduction Cost Reduction Waste Reduction 26

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. The company makes most pieces to order and customizes them to meet customers’ unique preferences. Supplier communication. Supply chain costs of around $5.50 These were to: Reorganize the supply chain.

Cost Reduction 77

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 77

Logistics Bureau

JANUARY 1, 2018

Supplier unreliability. Price pressure and the need to make profits have left many supply chain organisations in a tight corner. One example is supplier performance evaluation. Other uses are finding out how expensive a product price is perceived to be, and controlling the cost of stocks. The following are examples.

Supply Chain Planning Software 63

Supply Chain Planning Software Supply Chain Software Supply Chains Modeling Software 63

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 Manufacturing Procurement Material Savings 52

Logistics Bureau

JULY 12, 2017

Otherwise, it’s important to take cues from your customers’ demeanour and note that an increase in complaints might indicate that previously acceptable standards (and the carriers responsible for meeting them) are in need of an upgrade. Read and Heed the Signs that Freight Review is Due. Are Your Carriers Keeping Up?

Negotiating Skills 49

Negotiating Skills Freight Optimal Sourcing Logistics Network Optimization Software 49

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. Everything is negotiable. Types of 3PL Warehousing.

Warehousing 52

Warehousing 3PL Negotiating Skills Modeling Software 52

Logistics Bureau

NOVEMBER 14, 2018

It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Practice integrity, avoid conflicts of interest and personal enrichment, treat suppliers equally and fairly, and comply with legal and other obligations. Directly or indirectly, you are affected.

Procurement Analytics 84

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 84

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. and Canada must meet the USMCA rule requiring 75% regional value content. Example: A pickup truck assembled in Mexico using parts from the U.S.

Optimal Sourcing 105

Optimal Sourcing Material Savings Cost Reduction Price Reduction 105

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. Automation, Robots and AI. Trump Tariffs and their Impact on Supply Chains.

Supply Chain Design Software 89

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