Locus

JUNE 7, 2024

Companies faced increased parcel delivery costs, driven by fuel and labor cost inflation, and shippers often lack the tools to optimize their transportation spend effectively.” It automates multi-carrier deliveries tailored to specific business constraints around cost, speed, and efficiency. All rights reserved.

Vendor Strategies 52

Vendor Strategies Gartner Optimal Sourcing Procurement Solutions 52

FreightWaves SONAR

SEPTEMBER 20, 2021

There is a scene in Curb Your Enthusiasm where Larry David, who had never before purchased illegal drugs, asks a dealer, “Is that a fair price you’re quoting me?” In addition to whether shippers are being charged a fair price, there is also the question of whether shippers are getting what they are paying for.

White Paper 98

White Paper Negotiating Skills Purchasing Skills Freight 98

Locus

MAY 2, 2023

When they first began their journey, the greatest challenge was gaining the trust of consumers, who were used to visiting their local grocery store and largely preferred to check their groceries first-hand before purchasing them. To date, it has also been able to reduce its delivery costs by 66%.

Cost Reduction 52

Cost Reduction Price Reduction Purchasing Skills Logistics Network Optimization Software 52

Ship Monk

SEPTEMBER 14, 2022

By value , we mean how much that inventory cost to make or purchase, plus how much it’s costing you to store it. For an eCommerce business, inventory is your most valuable asset (at least in terms of bookkeeping) and also one of your largest costs. Ending Inventory + COGS – Purchases = Beginning Inventory.

Inventory Reduction 98

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 98

FreightWaves SONAR

JANUARY 5, 2021

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. The formula is operating costs/operating revenue. Operating Ratio.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

Locus

MARCH 21, 2023

Apart from competitive prices and wide product selection, consumers also have steep expectations around the post purchase experience. Moreover, carriers use different approaches for pricing, such as weight, distance, or zones, making it challenging to accurately gauge how it affects your bottom line.

Purchasing Skills 52

Purchasing Skills Eliminating Excel in Purchasing Optimization Software Outsourcing 52

Locus

MARCH 27, 2024

But here’s the kicker for retailers: amidst all this chaos, they’ve got to keep their delivery costs lean without compromising on giving customers a smooth and enjoyable experience. This situation demands not just managing costs but also turning the returns process into a positive touchpoint with customers.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

Shipchain

JANUARY 8, 2020

But the question remains– who is eating the cost of that damaged product ? According to Retail Drive, 21% of oversized online purchases arrive damaged each year, with 15% never arriving at all. . So who eats the cost- whether it be a one-off damaged product or an entire pallet worth millions?

Purchasing Skills 62

Purchasing Skills Production Supply Chain Software Supply Chains 62

FreightWaves SONAR

NOVEMBER 9, 2020

This week, learn how freight market participants, especially trucking carriers , rely on both the Ultra-Low Sulfur Diesel Rack (ULSDR) data index and the FUELS index to measure diesel fuel price volatility and to understand its impact on their operations and the freight market at large. The local price is an average of those various prices.

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 52

FreightWaves SONAR

MARCH 4, 2021

Truckload freight and transportation costs make up a large part of most logistical spending for shipping companies across the country. With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. All of these challenges potentially create waste in your supply chain.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

EazyStock

APRIL 18, 2023

In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. in 2023 and 4.3%

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

EazyStock

FEBRUARY 17, 2021

Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control. However, businesses are also acutely aware that holding inventory costs money. Excessive carrying costs can erode profit margins, while tying up cash in stock can lead to cashflow issues.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.

Optimization Software 105

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 105

Locus

JULY 11, 2024

This blog explores the top five retail logistics software companies in Saudi Arabia, highlighting their unique features, capabilities, and how they are transforming the logistics landscape for retailers across the region. 7 Ways Retailers Can Reduce Delivery Costs 2. Schedule a demo with us now! Still confused?

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Design Software Optimization Software Procurement Solutions 52

Ship Monk

DECEMBER 15, 2023

Will consumers be reluctant to use credit cards for holiday purchases? What We Learned So Far With the numbers in, we gathered findings from multiple sources to suss out the shiniest nuggets of wisdom. For the first time, mobile purchases have overtaken desktop purchases. Which items were frequently purchased together?

Purchasing Skills 63

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 63

FreightWaves SONAR

DECEMBER 1, 2020

Typically, these include meeting EDI and electronic document standards; use routing guides, which even small companies should have; labeling inbound cartons and pallets with product SKUs and purchase order numbers; and purchase order terms and conditions.” . Hassle or cost to serve. Request a SONAR demo today.

Purchasing Skills 100

Purchasing Skills Freight Procurement Analytics Optimal Sourcing 100

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

Locus

MAY 20, 2024

This blog delves into essential acronyms and abbreviations, from BOPIS to WISMO, that are pivotal for optimizing supply chains and elevating customer satisfaction. This fulfillment method cuts down delivery costs of serving customers especially in dense cities. Read Also: The Retail Playbook For Thriving in an Omnichannel World 1.

Inventory Reduction 98

Inventory Reduction Logistics Network Optimization Software Cost Reduction Optimization Software 98

Locus

AUGUST 7, 2023

If we consider the average cost of a new car in the United States was approximately $40,000 in 2021, this increase is equivalent to almost 4 billion new cars. Whether a budding startup or a well-established enterprise, adapting to technological shifts has become non-negotiable. billion in 2021, and is expected to reach $288.87

Negotiating Skills 52

Negotiating Skills Cost Reduction Digital Expense Reduction 52

Locus

DECEMBER 6, 2022

So there’s less friction, fewer failed delivery attempts and big cost savings for your business. Our advanced scheduling optimization software has dynamically priced, customer delivery slots for both online and in-store purchases. Try a demo with us! Schedule Demo. Source: [link].

Optimal Sourcing 52

Optimal Sourcing Picking Optimization Software Sourcing Strategies 52

EazyStock

MARCH 1, 2023

Suppliers use MOQs as they are more cost-effective and increase sales margins. MOQs and their impact on inventory Minimum order quantities, values and weights are a common challenge for inventory planners and purchasers. Additionally, buying in bulk usually comes with a lower unit cost, bringing cost savings.

Ordering 52

Ordering Purchasing Skills Inventory Reduction Procurement Solutions 52

Locus

SEPTEMBER 28, 2022

As the Middle East and North Africa (MENA) nations recover from the series of disruptions over the past couple of years—the Covid-19 pandemic, the Ukraine war, inflationary pressure, and the potential for rising food prices—a reinvention of logistics and supply chain operations is needed. Book a demo with us! Schedule Demo.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Collaboration Supply Chains 52

Locus

OCTOBER 16, 2022

Last-mile reverse logistics is the process of moving goods from the final destination (customers) to their source (fulfillment center or warehouse). Last-mile reverse logistics determine the post-purchase customer experience and brand loyalty. Schedule a Demo Now. Let’s jump in! What is last-mile reverse logistics?

Reverse logistics 52

Reverse logistics Optimal Sourcing Sourcing Strategies Logistics Network Optimization Software 52

Ship Monk

NOVEMBER 30, 2023

We recently covered KPIs for Ecommerce Businesses in another blog post. It just so happens to be a KEY metric, that tells stakeholders how well they’re doing at reaching a particular business goal. So, some of the metrics on your dashboard might also be KPIs. The purpose of this article is to highlight the top metrics to watch.

Procurement Analytics 63

Procurement Analytics eCommerce Procurement Solutions Manufacturing Procurement 63

Locus

AUGUST 1, 2024

While cutting logistics costs is crucial, but implementation in of itself does not guarantee or sustain the customer base that businesses expect. Is there a way to do this without compromising on cost-efficiency and profitability? Logistics Costs Saved: Locus has helped businesses save $288 million in transit costs.

Cost Reduction 52

Cost Reduction Inventory Reduction Resource Reduction Price Reduction 52

FreightWaves SONAR

FEBRUARY 11, 2021

The benefits of benchmarking trucking fleets also include better contract and trucking spot r ate pricing, which means lower driver turnover for trucking fleets. This information will help to reduce costs and allow companies to make better program decisions that benefit the company. Request a FreightWaves SONAR demo to get started.

Procurement Analytics 98

Procurement Analytics Trucking Optimization Software Operations 98

Locus

JANUARY 8, 2024

Strategic technology deployment unlocks efficiencies that go beyond mere cost control, enriching the customer’s experience at every touchpoint. On the customer front, the thrill of anticipating a much-awaited purchase is undeniable. Clarity in supply chain operations distinguishes the leaders in retail.

Cost Reduction 52

Cost Reduction Expense Reduction Resource Reduction Logistics Network Optimization Software 52

Locus

JULY 24, 2023

If done right, load matching means better resource optimization, cost reduction, streamlined operations, and ultimately, happy customers and businesses. For instance, 41% of global shoppers expect same-day delivery for their purchases. Some of the factors that load matching depends on include: 1.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Optimization Software Optimization 52

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? Referrals One of the first things consumers do when making a big purchase is ask friends and family for recommendations. That’s a mind-blowing statistic. Why are other people’s opinions so darn important to us?

eCommerce 105

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 105

Locus

JUNE 24, 2024

Retailers must ensure products move seamlessly from warehouses to customers while keeping costs low and satisfaction high. In this blog, we spotlight the top six retail logistics software companies in the US , examining how they are revolutionizing logistics management and setting new standards for efficiency and reliability.

Supply Chain Design Software 52

Supply Chain Design Software Optimization Software Logistics Network Optimization Software Supply Chain Planning Software 52

Blue Grace Logistics

DECEMBER 15, 2022

The Logistics Blog®. Rising online purchases over the past few years have increased the need for LTL. Transportation rates have been rising over the last couple of years due to factors like the driver shortage, lack of equipment, a capacity crunch, and rising fuel costs. Whitepaper. Case Study. BlueGrace Logistics. Surcharges.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Survey 62

FreightWaves SONAR

FEBRUARY 1, 2021

Average contract rates show trends developing in long-term pricing agreements to prepare freight market participants for annual bids or any increases in shipping freight rates. Unlike the spot freight market, contracted agreements have a longer cycle and are typically negotiated on an annual basis. Request a SONAR Demo.

Negotiating Skills 75

Negotiating Skills Purchasing Skills Freight Procurement Analytics 75

WorkWave

JULY 11, 2024

Customers are increasingly purchasing over-the-counter (OTC) medications, personal care products and wellness products from online stores for home delivery. This blog post explores the various benefits and importance of integrating technology into pharmacy delivery services. Book a free demo of RouteManager today!

Optimization Software 52

Optimization Software Logistics Network Optimization Software Inventory Reduction Cost Reduction 52

Blue Grace Logistics

APRIL 13, 2022

The benefits of these systems are managing transportation costs and navigating capacity crunches. They negotiate on a shipment by shipment basis, so a TMS is less about freight spend and more about getting the perfect price each time and squeezing more productivity out of shipments. EDI setup is a part of this issue. BlueShip 4.0

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 62

Blue Grace Logistics

JANUARY 10, 2023

The Logistics Blog®. Rising online purchases over the past few years have increased the need for LTL. Consumers are paying the price. The most reported habit changes were consumer price increases, by 70% of surveyed shippers, and expected service level decreases, by 69% of respondents. Cost/pricing—68% of respondents.

Material Savings 62

Material Savings Price Reduction Purchasing Skills Cost Reduction 62

Blue Grace Logistics

MARCH 2, 2021

The benefits of these systems are managing transportation costs and navigating capacity crunches. They negotiate on a shipment by shipment basis, so a TMS is less about freight spend and more about getting the perfect price each time and squeezing more productivity out of shipments. Want A Free BlueShip TMS Demo?

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 62

Locus

NOVEMBER 30, 2023

Large organizations, often bogged down by complex roadmaps, may benefit from purchasing solutions to maintain innovation pace. Maintenance and tech debt Building legacy systems offers stability but introduces maintenance costs and tech debt, particularly during growth phases. Schedule a demo with our experts!

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software How To Procurement Solutions 52