SYSPRO Smarter ERP

JANUARY 12, 2022

As a recent article notes: “for procurement to lead the way, companies will want to reimagine not just what the function does but also how it operates and which new capabilities it will need” (McKinsey – Reimagining procurement for the next normal). This meets all their key performance areas. The procurement process.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 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. This article will look at three major issues that come up time and time again. Purchasing from many different suppliers instead of saving through consolidation. Too Costly.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

Globalior

FEBRUARY 25, 2023

Photo from: [link] Building Strong Supplier Relationships in the Oil and Gas Industry: The Key to Successful Procurement The oil and gas industry is a complex and dynamic industry that relies heavily on procurement to ensure the delivery of goods and services that support its operations. Developing Strong Supplier Relationships A.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Procurement Solutions Negotiating Skills 52

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

OCTOBER 10, 2022

Those are the precise questions we’ve set out to answer in this article. In that case, please read on, as the rest of this article is dedicated to explaining the nine fundamental factors typically contributing to suboptimal inventory levels. 3: Supplier Lead Time. Inventory Optimisation: A Clarification. 1: Service Levels.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Modeling Optimization Software 105

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 111

Freight forwarding Negotiating Skills Freight Negotiate Pricing 111

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. This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online.

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 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

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

JANUARY 13, 2025

Pricing Structure: Remember those simple shipping options you see when shopping online? B2B freight pricing is much more complex, involving factors like volume commitments, lane pricing, fuel surcharges, accessorial charges and contract terms. Should B2B Freight Providers Offer B2C-Style Shipping Rates?

Purchasing Skills 40

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 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. 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. Mid-size manufacturers operate mainly in the batch process space and that is what this article focuses on. Process industry challenges. From inbound, to processing, to storing and outbound.

Manufacturing Procurement 119

Manufacturing Procurement ERP Supply Chain Planning Software Purchasing Skills 119

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 98

Supply Chain Design Software Supply Chain Design Supply Chains Scenario Planning 98

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. Negotiation power: Cost is an important factor in supply chain. How does a diversified supply chain help the business? 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

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

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 37

Negotiating Skills Negotiate Pricing Modeling Software How To 37

Logistics Bureau

APRIL 8, 2016

Supply chain costs often represent a considerable percentage of the sales price of a good or service. Retail Suppliers: best in class <5.8% industry average 8.6%. Industrial Suppliers: best in class <7.9% industry average 13.2%. Optimising Suppliers for Cost Efficiency.

Cost Reduction 61

Cost Reduction Material Savings Inventory Reduction Price Reduction 61

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

GlobalTranz

FEBRUARY 12, 2018

In this article, he writes about the characteristics of an effective supply chain manager. . They will have to negotiate for resources, budgets, and schedules. Sometimes a supplier doesn’t deliver the materials on time, so the production process gets stuck and the entire timeline is altered. Download white paper. Flexibility.

Supply Chain Planning Software 70

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

Blue Grace Logistics

SEPTEMBER 21, 2021

What’s in this article: What is a capacity crunch? 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. Inventory .

Material Savings 62

Material Savings Capacity Optimal Sourcing Inventory 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

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

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

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. Diversify your suppliers/carriers to source more capacity. Keep up with an annual RFP process to make it easier to negotiate rates and costs with third-party partners. . Moving product around spends money.

Logistics Network Optimization Software 52

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

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

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

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. Supplier communication. However, the company needed to reduce supply chain expenditure significantly after bringing its low-cost “Atom” chip to market. Supply chain costs of around $5.50 Inventory planning.

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

Again, this should be seen as a good reason to consider a freight review, to establish if your current freight partners are still able to provide the best service at the right price. They must change, because more and more market entrants are innovating to offer better services, with value rather than price as the carrot.

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

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

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