Material Handling and Logistics

AUGUST 10, 2018

Though individual items often don’t amount to a huge expense, your total indirect spend and associated costs likely constitute a significant portion of your overhead expenses. Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. Too Little. Too Costly.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

Logistics Bureau

NOVEMBER 14, 2018

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. How Much Does It “Cost to Serve” Your Customer? It costs you a certain amount to make a product. Sales organisation costs.

Purchasing Skills 93

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 93

Material Handling and Logistics

JANUARY 4, 2019

One of the biggest sources of financial uncertainty in 2019 will be international tariff policy and its impact on product demand. Software has always been a tool help companies become more profitable. Improving trading structure would increase marketing liquidity, reduce the cost of capital, and improve capital formation, Spatt said.

Procurement Solutions 136

Procurement Solutions Modeling Software Optimal Sourcing Purchasing Skills 136

Logistics Viewpoints

MARCH 3, 2025

Knowledge Graphs are emerging as an important tool for building advanced AI capabilities. He also spoke at the ARC forum in 2023, and this article is based on that presentation as well. These agents can communicate, negotiate, and collaborate to solve complex problems. Agentic allows for much greater flexibility.

Packing 73

Packing Supply Chain Design Software Negotiating Skills Supply Chain Planning Software 73

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Negotiating Skills 96

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 96

Logistics Viewpoints

JUNE 8, 2023

Technology for All In a retail era dominated by e-commerce giants, customer expectations have shifted towards instant product delivery at no cost. Previously, only large companies such as Amazon and FedEx possessed the network and scale required for cost-effective same-day and next-day shipping.

Modeling Software 109

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 109

FreightWaves SONAR

DECEMBER 14, 2020

This week, learn how freight market participants are able to measure if freight pricing control lays in the hands of freight shippers or freight carriers. What is the DHL Supply Chain Pricing Power Index? The chart above has an 80 reading which indicates that the control of freight pricing lies in the carriers’ hands.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Price Reduction Freight 52

Logistics Bureau

JANUARY 13, 2025

Think of it like choosing the right tool for the right job: Road Transport (Trucking): This is your most flexible option. It’s typically more cost-effective per unit and provides faster transit times since the truck goes directly to its destination. Let me walk you through the key pieces of this logistics puzzle.

Purchasing Skills 40

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 40

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. This approach results in inefficiencies, higher costs, and missed opportunities. These costs fall within the “Cost of Goods Sold” components of the company’s financial statement.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 98

IoT World Today

MARCH 27, 2020

These tools will become the foundation on which supply chain managers gain insight into their markets and erratic supply and demand trends. And “it’s a great tool,” but there are more sophisticated, more accurate tools to do sourcing. About 82% that use advanced analytical tools, according to Supply Chain Quarterly.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Procurement Analytics 145

Logistics Bureau

NOVEMBER 16, 2020

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. You will learn the ins and outs and in time will acquire all sorts of skills. Getting Started in Supply Chain.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 98

Ship Monk

APRIL 16, 2024

payment fraud) cost online merchants an estimated $38 billion in losses — a figure that doesn’t include the negative effects on customer loyalty and the brand’s reputation. The good news is that fraud management tactics and tools are making it easier to prevent, catch, and combat ecommerce fraud. In 2023 alone, ecommerce fraud (a.k.a.

eCommerce 105

eCommerce Modeling Software How To Procurement Solutions 105

WorkWave

OCTOBER 1, 2022

Cost estimates range on average from a meager 8 cents to 26 cents per square foot, making it affordable and a practical quick-growing solution. Several factors influence the hydroseeding prices on your property: land quality, location, and plot size. One of the reasons hydroseeding is cost-effective is the quick return.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Price Reduction Cost Reduction 52

MTS Logistics

JUNE 26, 2023

This article aims to explore the complex nature of the relationship between inflation and exports, highlighting the potential impacts and mechanisms at play. Inflation can have a direct effect on export pricing dynamics. When inflation is high, production costs tend to increase, including labor, raw materials, and energy expenses.

Expense Reduction 98

Expense Reduction Price Reduction Purchasing Skills Material Savings 98

WorkWave

JANUARY 7, 2021

Pool service technicians trust in various tools because of the wide range of projects they face. They rely on specialty tools like lid wrenches, nets, and vacuum hoses. But there are a set of tools not geared for the pool industry, which make up a vital component of the toolkit. Needle-Nose Pliers. Pipe Wrenches.

Procurement Solutions 52

Procurement Solutions Modeling Software Tools Purchasing Skills 52

Logistics Viewpoints

AUGUST 23, 2021

In one McKinsey survey of more than 100 large organizations in multiple sectors, companies that regularly collaborated with suppliers demonstrated higher growth, lower operating costs, and greater profitability than their industry peers. Depending on the industry, companies can see cost savings of 5 to 10% and revenue gains of 7 to 10%.

Collaboration 117

Collaboration Supply Chain Planning Software Optimal Sourcing Modeling Software 117

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 77

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 77

Logistics Viewpoints

APRIL 26, 2022

As more consumers flock to e-commerce, purchasing big & bulky goods such as furniture, appliances, and wholesale electronics online is becoming more common. The trend of purchasing big & bulky items online will continue to grow, with Statista predicting 35% of furniture sales worldwide will be made online by 2025.

Supply Chain Planning Software 104

Supply Chain Planning Software Optimization Software Supply Chain Software Logistics Network Optimization Software 104

GlobalTranz

FEBRUARY 16, 2016

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. In this first part, I will focus on 6 places that you can apply to your organization to reduce costs and increase profit. Focus on Labor Costs.

Cost Reduction 65

Cost Reduction Inventory Reduction Vendor Strategies Material Savings 65

Ship Monk

JANUARY 9, 2024

ShipMonk nurtures relationships and facilitates integrations with shipping companies, as well as providers of third-party tools and systems that enable ecommerce businesses to thrive. For the first time, mobile purchases have overtaken desktop purchases. On Thanksgiving Day, 59% of online sales were on mobile.

eCommerce 105

eCommerce Trends Optimization Software Supply Chain Software 105

Logistics Viewpoints

DECEMBER 12, 2022

Neither of the customers highlighted in this article fall into that category. They also are also one of the largest distributor in the US of tools, equipment and supplies for the tire and wheel service industry. At Dow, Mr. Baker had Purchasing experience in raw materials, and logistics for their plastics supply chain.

Supply Chain Planning Software 104

Supply Chain Planning Software Procurement Solutions Scenario Planning Supply Chain Software 104

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. In one article , Mr. Sorenson points out that IBP works better for small manufacturers than large ones. Dean Sorenson concurs. An analogy to peanut butter is often used.

Supply Chain Planning Software 129

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 129

Logistics Bureau

DECEMBER 3, 2017

Our blog posts and articles here at Logistics Bureau are almost always written to inform, but this time we’re writing with a request for information. Supply Chain Cost Reduction: Supply chain operators are typically under constant pressure to reduce costs, but there are smart and less-smart ways to deliver cost improvements.

Supply Chain Design Software 45

Supply Chain Design Software Purchasing Skills Buyer Training Supply Chain Design 45

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions. Adding social proof to your website, product pages, and marketing tools builds trust in your product.

eCommerce 105

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 105

Logistics Bureau

DECEMBER 9, 2019

I was a little late getting started in 2018, and we were already into 2019 when I got round to publishing my usual trends article. Of course, there can be no stronger motivation than legislation, but money comes a very close second, and the potential cost savings offered by the circular supply chain are substantial.

Supply Chain Software 111

Supply Chain Software Logistics Network Optimization Software Supply Chains Trends 111

Logistics Bureau

APRIL 3, 2023

In this article, I will redress the balance by exploring outsourcing from a more holistic perspective, focusing on ways to consider outsourcing partnerships for improvement throughout the supply chain. Outsourcing for Reduced Supply Chain Cost Few business leaders would argue that reducing costs in the supply chain is an improvement.

Outsourcing 98

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 98

Talking Logistics

JULY 7, 2017

But before I bring out the lawn mower and tool box, here’s the supply chain and logistics news that caught my attention this week: Mondelez Says Cyberattack Cost it Business (WSJ – sub. Source: Walmart. To use the tower, customers scan a barcode on their purchase receipt.

Logistics Network Optimization Software 0

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Purchasing Skills 0

Logistics Viewpoints

JANUARY 11, 2023

In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. One of my predictions within that article is that inflation will hinder supply chain resiliency efforts. Because switching from JIT to JIC is at best only a tool to address short-term problems and risk.

Supply Chain Planning Software 122

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 122

Logistics Bureau

JANUARY 25, 2017

and leverage their supply chain skills and know-how to help them move to employment in that sector. General supply chain skills and knowledge can go a long way to helping you adapt to a new industry, but in some cases, you will need additional arguments to convince a potential employer. Supply Chain Skills and Roles.

Negotiating Skills 75

Negotiating Skills Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 75

The Lean Thinker

DECEMBER 9, 2022

If you want to get more of a feel for the work and working conditions, check out the photos in this Daily Mirror article: [link] ). Instead, we should look at the information system as a tool that should enable people do to a job they otherwise could not. The work also met every definition of “difficult, dirty and dangerous.”

Modeling Software 259

Modeling Software Optimization Software Expense Reduction Resource Reduction 259

Turvo

OCTOBER 26, 2021

What’s in this article : In-house developed software is a thing of the past. Technological evolution has made the cost of in-house software unbearable in the long term for most companies. Studies show that software development projects always increase the initial cost estimate (sometimes by more than 200%). Know your strengths.

Optimization Software 81

Optimization Software Logistics Network Optimization Software Procurement Solutions Purchasing Skills 81

GlobalTranz

FEBRUARY 2, 2015

Today’s post is a follow up blog post to the post written a week or so back called “Vendor Managed Inventory Model for Supply Chain Cost Reductions.” Mr. Higo said in response to the VMI for Supply Chain Cost Reductions post was: “Very informative article, thank you. No Purchase Orders were used.

Vendor Strategies 94

Vendor Strategies Inventory Reduction Modeling Software Inventory 94

GlobalTranz

JULY 6, 2015

Consumers want their products, which they have paid for, and faster, more efficient processes, from the manufacturing to delivery, will encourage repeat purchases, and therefore, company growth and success. For example, humans must create build an item from the inside out, as our tools only allow us to perform certain actions.

Manufacturing Procurement 110

Manufacturing Procurement Logistics Network Optimization Software Expense Reduction Sourcing Strategies 110

Ship Monk

MARCH 30, 2024

We’re talking the tools, technology, and team members who set you up for success on all fronts. Unfortunately, sometimes supply chain disruptions, differing carrier restrictions, and fluctuating costs can keep that from happening. It’s quick, it’s cost-effective, and it’s easy to implement. Have more questions?

3PL 105

3PL Supply Chain Design Software Optimization Software Supply Chain Software 105

Kanban Logistics

AUGUST 13, 2020

In this article, we’ll take a closer look at the outsourcing model and the ways it can drive efficiency in your inbound logistics supply chain. Right now, your buyers probably spend a good percentage of their time negotiating with, and procuring goods from, makers of boxes, nuts, bolts, and other consumable parts and materials.

Manufacturing Procurement 98

Manufacturing Procurement Inbound 3PL Material Savings 98

Logistics Bureau

AUGUST 7, 2023

Inventory Availability and Cost: Striking a Balance It’s rarely a good idea to think too lean in ecommerce inventory management. The challenge, then, is to strike a balance between sufficient inventory levels to ensure availability and costs that won’t threaten the future of your enterprise. Book a free consultation.

Inventory Reduction 98

Inventory Reduction eCommerce Inventory Procurement Solutions 98

Ship Monk

OCTOBER 12, 2023

We’ve covered some of the basic planning for peak season already, so this article is going to focus on what not to do. And don’t forget to utilize retargeting campaigns to reach customers who’ve previously purchased or shown interest in your brand. You’ll need this number to establish the minimum price you’ll accept.

Supply Chain Planning Software 64

Supply Chain Planning Software Inventory Reduction Price Reduction Purchasing Skills 64