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Tony Altman and Joe Lynch discuss retail non-compliance costs. Key Takeaways: Retail Non-Compliance Costs In the podcast interview, Tony and Joe discussed: Retail non-compliance definition. Retail non-compliance costs including financial penalties, damaged relationships, and lost business. Preventing retail non-compliance costs.
Chuck is the CEO and Co-founder of High Definition Vehicle Insurance (HDVI) , where he leads an experienced team of insurance, technology, and trucking industry experts who deeply understand the challenges of today’s fleets. HDVI’s Shift tool uses a fleet’s own real-time telematics data to charge a fleet the cost of their actual risk.
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.
To succeed, both startups and companies at scale need to make decisions about how to effectively acquire new customers and address their target audience. Use technology as a way to reduce cost, streamline the process, and deliver a better customer experience. Create great content via articles, blog posts, videos, podcasts, etc.
I knew that Rick would be wrapping up a class teaching the basics of kaizen events to a group of suppliers and if I were lucky, he would see the pager message and use it as a reinforcement to the participants. I was on-site at another supplier. Rick and I usually alternated teaching that class, sometimes we taught it together.
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.
Before we close the curtains on 2021, we thought we’d revisit ten of our most popular blog posts that resonated with our readers, capturing the challenges and opportunities of an unparalleled year of disruption across the supply chain. Without further ado, here are GlobalTranz’s top posts of 2021: #1.
Knowing about her blogging side hustle, the executive team allowed her to take on the additional responsibility of the company’s digital marketing initiatives where over the course of 5 years, orchestrated two website redesigns, implemented an inbound marketing initiative, and established a sales outreach plan.
Companies have the right to receive the best service and the best price from their suppliers, and the relationship between shippers and suppliers is a key component to a successful partnership. Here are five tips to build, maintain, and improve a healthy and productive relationship with your suppliers. Finally, make it personal.
Operational trucking charges and costs are nothing new. To meet that challenge, managers should first understand their vulnerabilities and then consider many steps – some of which they should have taken long before the pandemic struck.” It adds up to better control over trucking costs and improved throughput too.
Cost efficiency, quality management and traceability are major issues for companies in this region. Managing costs With the demand for fabricated metal products growing so much, production runs are increasing as are the costs. The significant cost items are labor, materials and machinery.
Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.
It also enables you to manage customers and suppliers, and collaborate with them, using a single platform. Seek to understand then be understood. Change management goes through a sequence of steps because it is an educational process of moving staff to a new level of knowledge, understanding and skill. Keep improving.
This week our friends from the Compactor Management Company are contributing to our blog. ” Given their knowledge of waste management, we were more than happy to accept their proposed blog post. .” ” Given their knowledge of waste management, we were more than happy to accept their proposed blog post.
The next 2-4 weeks are critical to understand the exposure throughout your value chain, take actions to address anticipated shortages , and ensure resource requirements to restart. Understand Exposure . As transportation lanes become unavailable, the availability of suppliers and components will decrease.
However, raw materials costs have been rising recently, along with additional operating costs in the chemical industry. How can chemical manufacturers better manage their operating costs? Rising Raw Material Costs. Raw materials costs have been rising in recent years. Find the Right Carrier – In Less Time.
Blog Topics. How to Take On Today’s Cross-Border Shipping Challenges. How to Address These Issues. Learn more about TMS at “All About TMS: What is it and Why is it important?” You can learn more at “4 Benefits of Near-Sourcing.” The Shared Milkrun Mexico & Border Logistics.
Webinars Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search Adam White - February 29, 2024 LinkedIn Live Webinar On-Demand: Transportation Cost: The impacts & how to gain visibility to the right data What’s the Topic? We can help.
Reliance on too few primary suppliers for critical components and materials has compounded the problem even further with unexpected ripple effects on downstream manufacturing as evidenced by the still ongoing global computer chip shortages. All of the above pressures culminate in rising operational costs – from ?labor,
You learn the suppliers’ business, you learn the customers’ business. Certified Supply Chain Professional : Learnhow to develop streamlined supply chain operations. And don’t be afraid to ask their advice on how to start out in the industry. Marketing Yourself. LinkedIn is the best platform for this.
It's important to understandhow transportation optimization can work well with managed transportation service providers to attain that goal. An optimized supply chain is one that is as efficient as possible; it is more likely to reduce costs, increase customer satisfaction rates, and add value for stakeholders.
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. As a result, the ecommerce business has lost the product and the revenue from the sale, plus associated fulfillment costs, shipping costs, and chargeback fees.
Because you can find plenty of other articles on this blog and the Logistics Bureau blog if you’d like to peruse such lists. Supply chain management objectives can encompass several success factors, including cost reduction, supply chain speed, efficiency, and service improvement. The Importance of Aligned Objectives.
(Graphics created by Emily Ricks) Carriers frequently find themselves frustrated when costs eat away at their profits and they have limited pricing visibility. Financial losses or declining profitability certainly make cost-cutting a priority. Financial losses or declining profitability certainly make cost-cutting a priority.
Recently I enjoyed reading a short and highly practical book by renowned speaker Richard Mulholland, who shares how to use powerful stories to change minds, drive sales, and solve problems. CIOs can use the sales mentality within the organization to boost cross-departmental collaboration to increase efficiency and cut costs.
This blog discusses how manufacturers can start making AI a reality. How does AI work? Machine learning (ML): Using algorithms and data to detect patterns without being explicitly programmed to do so automatically. GenAI systems are trained on massive amounts of text data to understand and generate human-like language.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. Another thing we talk about quite often on our blog is how companies often misjudge the needs and preferences of their customers. Step 1: What do Your Customers Want?
Importers like to minimize their shipping costs, and that’s understandable. We deliver high-touch service competitively to importers who know how expensive mistakes and poor communication can be. Some clients learn this the hard way by switching to cheaper forwarders and getting burned. Dependability. Contact Us.
Learnhow to get the job you want post-graduating by elevating yourself as a candidate and effectively selecting the right opportunity. First, we’ll take a dive into how to best position yourself as a top candidate for your dream job. HOW TO GET THE JOB YOU WANT PART 1: POSITIONING YOURSELF AS A TOP CANDIDATE.
Webinars Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - May 20, 2024 Supply Chain Now Webinar On-Demand: From Data to Delivery: Transforming Logistics for Maximum Efficiency Missed our live session? No worries!
Even though you don’t need an accounting degree to run an eCommerce business, it is helpful to know a few important terms, like beginning inventory, and understand why you should track it. By value , we mean how much that inventory cost to make or purchase, plus how much it’s costing you to store it.
Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. This “random” system underscores one of the key reasons for Amazon’s success in inventory management—its commitment to understanding its customers and their needs.
Understanding Supply Chain Management | Image Source: Google Images. The first rule is to deliver the goods in accordance with the requester’s preference at the appropriate time, price, and cost. Read also : How to Manage a Warehouse: The 10-Step Guide to Logistics Management. Two streams of supply. Distributor.
To weather the shocks, companies need to understand their supply chain exposures and vulnerabilities. This has meant higher inventory carrying costs, reduced levels of free cash, and generally reduced profitability. This involves scenarios such as how breaks in the supply chain affect cash flow and profitability. Transparency.
What’s in this article: How to become a shipper of choice. A common issue in a tight market that adds costs to the shipment because the driver/carrier will need to be compensated for the waiting time, which in turn, increases freight costs. All this adds to current tight capacity constraints which increases freight costs.
Webinars Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - June 12, 2024 LinkedIn Live Webinar On-Demand: Protein Shipping Unveiled: Keys to Efficiency and Reliability WHAT IS THE TOPIC? As summer grilling heats up, protein shipping takes center stage in logistics.
If you present the facts in easily understandable terms, that can make a world of difference. To learn more about the benefits and implementation of sustainable supply chain management, you check out our eco-friendly blog focusing on the subject. We hope you do! Why is it Important to be an Eco-Friendly Ecommerce Brand?
Manufacturers now need to understand the market more than ever and replace systems to improve visibility of critical data, increase productivity, reduce waste, lower production costs, enable greater quality control and improve the management of schedules and production rates.
When goods are not delivered on time, the First Attempted Delivery Rates (FADR) fall, and it may result in added costs from reattempted deliveries. But to achieve that, you need to plan and schedule delivery routes that are shorter and cost-effective. Wondering how to stand out in the last mile? What is Order to Delivery?
From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.
Instead they balance the costs of holding stock e.g. warehouse costs, opportunity costs and cashflow problems, with the risk of not having enough e.g. missed sales targets or costly backorders. Prioritizing which stock items to carry based on their forecasts, an item’s demand volatility and pick frequency and cost of sales.
In this piece, we’ll take a look at some of the top types of supply chain disruptions, the impacts that they have on your supply chain, how to mitigate whatever risk you can and finally how you can handle supply chain disruptions once they occur and come out on top. Minimize the Number of Supplier Tiers.
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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.
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