This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
LTL carriers handle multiple shipments from various vendors on a single route, helping save time and reducecosts by maximizing truck space. Automated systems like warehouse and transportation management tools improve load management and route optimization.
Image source: iStocks | The Ultimate Guide to Fleet Management: Strategies to Control and Optimize Your Processes Investing in a fleet management system results in an improvement in internal processes, which directly reflects the quality of the service provided to the end customer.
This comes as no surprise when the last mile can account for over 50% of total shipping costs. As we look ahead to 2025, businesses are increasingly turning to AI-driven technologies to streamline last-mile delivery, cut rising costs, and keep customers satisfied.
Image source: Pexels | 7 Cost-Saving Tips Every Supply Chain Manager Should Know Managing costs effectively is crucial for success in the competitive supply chain world. With logistics, labor, and inventory costs on the rise, finding targeted ways to reduce expenses can have a significant impact on your bottom line.
Controlling Supply Chain Cost for Sustainable Growth Search Search BlueGrace Logistics - March 26, 2024 In modern business, controlling supply chain costs is paramount for sustaining profitability and competitiveness. This helps in reducing supply chain costs associated with stockouts and overstocking.
She joined Gorilla after helping a leading water tech manufacturer earn leads by repositioning the B2B customer at the front of their strategy. Truth : Today’s customers prefer digital first media and digital media is more cost effective – and digital assets can be tracked and measured.
You can cutcosts without cutting corners. According to industry research, businesses that optimize their shipping strategy can reducecosts by up to 30%. Ship Smarter by Consolidating Your Shipments One of the easiest ways to reducecosts is to consolidate shipments whenever possible.
As honorary visionary of BasicBlock, Taylor has a demonstrated history of identifying trends and accurately predicting market strategies in both payments and transportation. BasicBlock is the home for streamlined, efficient and cost effective financial services for fleets and carriers. BasicBlock Blog. Taylor’s LinkedIn.
Image source: Pexels | Top 5 Benefits of Outsourcing Logistics to a 3PL Provider In today’s fast-paced and increasingly competitive market, businesses are continually seeking ways to streamline operations, reducecosts, and enhance customer satisfaction. Moreover, outsourcing transforms fixed costs into variable costs.
In this blog post, we’ll discuss key strategies to help you navigate the shipping challenges of 2025 and beyond. Let’s break down the current state of the shipping industry: Rising Shipping Costs: Due to factors like increased demand and labor shortages, shipping costs have been on the rise.
They talk about the growing popularity of podcasts in the logistics industry and how podcasting can be a helpful tool for professionals to stay up-to-date on industry trends and insights. While managing it can feel like a part-time job, ignoring it can cost your business revenue. 00:03:51] Starting a successful blog. [00:07:57]
Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Strong and versatile logistics strategies depend on this data. Download the White Paper.
From delays to cost increases, logistics teams encounter a range of obstacles that can hinder efficiency and affect the entire supply chain. Overstocking leads to excessive costs in storage while understocking can result in product shortages that disappoint customers and lost sales.
Chuck and his team at HDVI are using the same playbook, using tech to lower costs and deliver a better customer experience. HDVI created Shift – the first dynamically priced insurance product that enables fleets to reduce the cost of their monthly premiums within their policy term. Learn More About The HDVI Story. HDVI LinkedIn.
If youve followed our blog over the years, youll know that weve shared lots of information about distribution network design, why its vital to get it right, how long it should take, the importance of reviewing the network every so often, and various elements of design such as determining the number of warehouses and where to locate them.
These can be critical problems for companies looking to increase productivity and reduce expenses in logistics operations. You’ve come to the right place if you’ve been wondering how to integrate modern technology into your business and what tools you’ll need. How Does Automation Reduce Operating Costs?
Recent research across 50+ procurement professionals found them most concerned with the impact of external factors on operations, with rising costs ( 55% ), geopolitical disruptions ( 45% ) and capacity constraints ( 38% ) at the top concerns. As the global freight market continues to evolve, so too will the tools that drive it.
This allows us to create contingency plans that reroute shipments or adjust delivery schedules in advance, reducing downtime and keeping supply chains intact. Diversified Port Strategies : DGL identifies and utilizes alternative port options to keep your cargo moving.
Health-related absenteeism has resulted in reduced output, while transportation delays are echoing the freight challenges seen during the height of the COVID-19 pandemic. Logistics Delays: Reduced driver availability and stricter health regulations at ports could add days to delivery schedules. Whats Happening?
Key Shipping Trends for 2025 Let’s explore the key shipping trends for 2025 and discover practical strategies for logistics providers to implement, ensuring they remain competitive and responsive to these upcoming changes. Studies predict that fuel costs may rise by 10-15% by 2025, making efficient routing a priority for logistics providers.
However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. And these additional five shipping strategies can help enterprise shippers maximize recovery and boost profits. Freight transport cost per shipment.
Transportation Strategy Profitability Search Search BlueGrace Logistics - February 26, 2024 Transportation strategy plays a pivotal role in ensuring efficiency, cost-effectiveness, and ultimately, profitability for businesses.
Operational costs continue to increase for carriers year to year. Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Freight data reduces dwell time and load time.
Cost to Serve: The measurement of cost factors that go into the servicing of a customer, or the production of a product. For companies involved in shipping freight, the combination of order-level management and cost to serve analysis can be a game-changer.
We follow an exhaustive list of supply chain and logistics blogs to make this possible. If you want to start learning, we suggest you check out these top logistics and supply chain blogs. Top Logistics and Supply Chain Blogs We Love. Ship Lilly. China carrier relations and much more. More Than Shipping. Logistics Viewpoints.
In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies. These tools are helping businesses advance operations, enhance efficiency and drive growth, irrespective of the volatile economic market conditions.
Matrices are powerful mathematical tools that play a crucial role in supply chain management. In this blog, we’ll explore how they are used in various aspects of the supply chain, including transportation, inventory management, demand forecasting, and network optimization.
Image source: Pexels | How Real-Time Inventory Tracking Can Boost Your Profit in 2025 In today’s fast-moving business environment, real-time inventory tracking has become a critical tool for optimizing operations, cuttingcosts, and driving profitability.
Perhaps you haven’t had much opportunity, amid the turmoil, to consider the cost to serve your online customers. The tips in this article will help you know how to identify the customers, products, and processes that might be inflating your cost to serve (CTS) unnecessarily. High Cost to Serve: It’s an Omnichannel Problem.
This tool gives companies intelligence they can use to better plan and inform their internal and external customers. A reputable, reliable freight forwarder like Dedola Global Logistics can find a solution to minimize or eliminate delays, even under severe circumstances such as global disruptions like COVID-19. Going the Extra Mile.
In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. Maybe you need to diversify your supplier network to cover any supplier closures or increased logistical/delivery costs.
Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. The report outlines the tools with the highest transformational benefits and capabilities that are becoming standard business practices. Firefighting is the norm. Network Design.
Companies across various industries are constantly seeking ways to streamline their operations, reducecosts, and enhance customer satisfaction. One strategy gaining increasing popularity is partnering with third-party logistics providers, commonly known as 3PL partners. Cost control goes beyond simply finding the lowest rate.
Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.
BlueGrace describes this report as an important tool for measuring expected expansion or contraction within the logistics sector. Additionally, capacity availability has improved, allowing businesses to secure reliable freight options without the extreme cost fluctuations seen in previous quarters.
In our previous blog, we explored how matrices enhance supply chain efficiency, from inventory management to logistics. By leveraging these technologies, businesses can optimize operations, reducecosts, and make smarter, data-driven decisions. This reduces last-minute disruptions and improves overall supply chain resilience.
Digitize Invoicing to Eliminate Errors and Guard Cash Flow. In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. This post was written in collaboration with , OpenEnvoy , a leading automated invoice reconciliation tool.
What This Blog Is About: Shipper’s top concerns for their supply chain. The opportunity cost of choosing the wrong mode of transportation. All things considered, 78% of shippers were concerned with reducing shipping costs in general. Analyzing Transportation Mode Opportunity Cost.
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.
It eliminates duplicate work and ensures everyone works from the same accurate data. Efficient inventory management An ERP system allows manufacturers to reducecosts and capital tied up in inventory. Additionally, a quality management module can automate compliance reporting, reducing the administrative burden on manufacturers.
How much does it cost us to manufacture this product? Mid-market manufacturers need a tool that’s tailored to their needs. The BI tool needs to be able to easily pull all this data together for analysis. Manufacturers rely on data and their ERP platform to answer critical questions: What are our inventory levels?
If your shipment isnt big enough to fill an entire truck, youre probably looking at LTL (Less Than Truckload) freight shipping, a cost-effective way to share truck space and save money. What Affects LTL Freight Costs? Lower-class shipments usually cost less. But packing smartly can help cutcosts. Compare wisely!
One of those demands is a more efficient order fulfillment strategy, which requires reviewing your warehouse practices as well. Review your warehouse strategy. It can be especially challenging for small businesses to implement automation and optimize their warehouse strategy. How do you achieve higher inventory accuracy?
One of the key strategies is leveraging embedded analytics within their ERP system to make faster data-driven decisions. In this blog post we will explore the benefits of centralized analytics within your ERP software. It also doesn’t offer the contextual insights needed to make swift and informed decisions within the same interface.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content