Logistics Viewpoints

JULY 12, 2022

The rise in fuel costs, especially diesel, is significantly impacting the bottom line of many B2B companies such as distributors and wholesalers. Instead, transportation and logistics organizations need to make fuel cost mitigation a company-wide effort. How customers are served is big driver of fuel costs.

Cost Reduction 175

Cost Reduction Material Savings Resource Reduction Price Reduction 175

EazyStock

AUGUST 21, 2020

However, holding too much can have a number of negative implications, such as high carrying costs , over-investment in stock and poor cash flow. So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction?

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 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

Logistics Business Magazine

MARCH 21, 2024

SICK has unveiled a pioneering compressed air monitoring system that accurately predicts where significant energy cost-savings can be made by fixing air leaks and removing wastage across entire logistics facilities. They can make their production processes more sustainable, for example by reducing their CO2 consumption.

Cost Reduction 54

Cost Reduction Expense Reduction Resource Reduction Waste Reduction 54

The Logistics of Logistics

FEBRUARY 11, 2022

Cost of Warehouse Management System Software. Original article: Cost of Warehouse Management System Software. You are Making Significant Logistics Strategy Changes : When you realize that your current WMS cannot support new processes effectively or at all. Wide Range of Options and Costs. Basic WMS Cost Categories.

Modeling Software 221

Modeling Software Logistics Network Optimization Software Cost Reduction Vendor Strategies 221

Logistics Viewpoints

MAY 10, 2022

with one of the highest costs of living. For example, related to warehouse technology, a recent Lucas Systems industry study found 89% of respondents agreed that implementing artificial intelligence-based software within distribution centers can provide a competitive advantage. Does it require manual data entry?

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Vendor Strategies Waste Reduction Cost Reduction Optimization Software 122

Log-hub

AUGUST 14, 2024

3 min read Supply chain optimization is crucial for businesses to enhance efficiency, reduce costs, and improve customer satisfaction. By leveraging technology, data analytics, and innovative strategies, companies can streamline their supply chains and achieve significant improvements.

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Supply Chain Planning Software Supply Chain Software Optimization Software Inventory Reduction 52

IoT World Today

OCTOBER 15, 2020

As organizations continue to adapt to the roller-coaster ride of 2020, some leaders’ pre-pandemic IT strategies brought business resilience even as COVID-19 struck. Indeed, some organizations spent several years laying the foundations for data-driven strategy and remote operations even prior to COVID-19.

Waste Reduction 122

Waste Reduction Cost Reduction Strategy Supply Chain Design Software 122

Logistics Bureau

JULY 18, 2022

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. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.

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Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 108

Logistics Viewpoints

AUGUST 8, 2024

An enlightening new report indicates that this strategy corresponds to strong financial performance for shippers and logistics service providers (LSPs). For example, Competitive Weapon companies are 3.4 Even though most survey respondents measure transportation value by cost per shipment, Competitive Weapon companies are 1.5

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Supply Chain Planning Software Cost Reduction Supply Chain Software Supply Chains 141

The Logistics of Logistics

OCTOBER 30, 2023

Over his 30+ year career in the supply chain, Richard has worked with manufacturers around the world in operations, supply chain, and lean strategy roles to develop systems that can manage complex supply chains on a global scale. Richard previously founded and led Factory Logic, Inc. acquired by SAP). The Greenscreens.ai

Inventory Reduction 366

Inventory Reduction Optimal Sourcing Supply Chain Design Software Inventory 366

Logistics Viewpoints

AUGUST 1, 2024

By embracing collaboration, real-time data, and a focus on sustainability, companies can build resilience, improve margins, and gain a competitive edge. Top Challenges Faced by Companies: Customer Preferences: Example: An online fashion retailer faces the challenge of constantly changing customer preferences.

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Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Scenario Planning 167

FreightWaves SONAR

APRIL 7, 2023

Tailor a mini-bid strategy that plays to your strengths and protects your weaknesses. New technologies have made it possible for shippers to efficiently bid out their freight and mark rates to the market regularly, optimizing networks for the right balance of cost and service.

Cost Reduction 52

Cost Reduction Price Reduction Strategy Freight 52

CLX Logistics

NOVEMBER 13, 2023

The podcast, titled “Navigating the Future: Data-Driven Supply Chain,” served as a platform for CLX Logistics to underscore the pivotal role of data in shaping the future of supply chain operations. The podcast also champions collaboration as a cornerstone for success in supply chain endeavors.

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Supply Chain Software Resource Reduction Cost Reduction Optimal Sourcing 65

Logistics Bureau

NOVEMBER 6, 2023

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.

Cost Reduction 109

Cost Reduction Purchasing Skills Waste Reduction Material Savings 109

3PL Links

NOVEMBER 5, 2024

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, reduce costs, and enhance customer satisfaction. Moreover, outsourcing transforms fixed costs into variable costs.

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Outsourcing Cost Reduction Expense Reduction Inventory Reduction 62

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

Ship Monk

SEPTEMBER 14, 2023

If you’re not employing a multichannel sales strategy, you’re clearly missing out. But what, exactly is a multichannel sales strategy, and is it worth the investment? Unexpectedly large shipping costs are the #1 reason for cart abandonment. What is a Multichannel Sales Strategy? What is a Multichannel Sales Strategy?

Inventory Reduction 63

Inventory Reduction Price Reduction Cost Reduction eCommerce 63

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

Logistics Bureau

SEPTEMBER 4, 2023

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.

Negotiating Skills 90

Negotiating Skills Purchasing Skills Cost Reduction Analysis 90

The Logistics of Logistics

MAY 18, 2022

Data is a big buzzword across industries, but how about when it comes to logistics? In this episode, Joe Lynch sits down with William Sandoval , the Senior Vice President of Product Management and Strategy at PowerFleet Inc. Beyond The Data with William Sandoval. Our topic is beyond the data with my friend William Sandoval.

Data 313

Data Modeling Software Supply Chain Design Software Optimization Software 313

Logistics Viewpoints

JUNE 6, 2022

A transportation management system (TMS) allows a shipper or carrier to plan the most cost-effective set of shipments that meets service level goals. A TMS can be a great way to save money while lowering costs. Running more efficient routes, with more fully loaded trucks, saves money and reduces emissions.

Cost Reduction 153

Cost Reduction Price Reduction Supply Chain Planning Software Scenario Planning 153

Shipping and Freight Resource

JUNE 29, 2020

But if you can reduce cargo and shipping damage , you can cut shipping costs. With the right packaging, strategy, and tools, you can cut shipping costs by as much as 60%. Start with shock testing to gather data about your normal shipping routes. Choose Packaging and Pallets Carefully.

Material Savings 115

Material Savings Cost Reduction Expense Reduction Resource Reduction 115

Trinity Logistics

SEPTEMBER 16, 2021

To make a profit, you need to get your customers the right product at the right time, and for the best cost. If not managed properly, your transportation can cost you substantial money. With costs rising recently, it’s easy to see why the challenge for many companies has been to reduce their transportation costs.

Cost Reduction 72

Cost Reduction Expense Reduction Price Reduction Vendor Strategies 72

Logistics Problem Solving

JUNE 30, 2017

Logistics strategy has evolved over the past few years. After the great recession, carriers took a serious look at costs and started to rationalize their pricing. This put a lot of pressure on shippers as the old strategy of yelling louder at their carrier was no longer effective to reduce costs.

Resource Reduction 59

Resource Reduction Cost Reduction Price Reduction Strategy 59

SYSPRO Smarter ERP

AUGUST 21, 2024

With manufacturing getting increasingly competitive and with margins reducing, manufacturers are looking at ways to improve efficiency and productivity while reducing costs. Production ERP applies digital technologies to a manufacturing company’s production processes which gathers data throughout these processes.

Manufacturing Procurement 52

Manufacturing Procurement ERP Cost Reduction Procurement Solutions 52

Logistics Viewpoints

DECEMBER 7, 2022

This is where big data technologies come into play. Big data for real-time optimizations in transport logistics. Logistics and transport service providers create enormous data records as they manage the flow of goods. These data include information such as types of goods, location, weight, size, origin, and destination.

Data 170

Data Logistics Network Optimization Software Optimization Software Supply Chain Software 170

Logistics Viewpoints

NOVEMBER 19, 2024

Given the many aspects of retail operations outside a business’ control—from supply chain disruptions and labor shortages to inflation and interest rates impacting both operational costs and customer behavior—the fulfillment challenge this peak holiday season is acute.

Cost Reduction 115

Cost Reduction Resource Reduction Price Reduction Vendor Strategies 115

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. Freight data reduces dwell time and load time.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

GoShip Blog

NOVEMBER 15, 2023

Now, scale that up to the world of freight shipping, where a small data slip can mean big money lost. In the freight shipping industry, the accuracy of freight data is more than just a detail. It’s the cornerstone of cost management. But what happens when the data speaks incorrectly? It’s not just paperwork.

Cost Reduction 52

Cost Reduction Supply Chain Planning Software Sourcing Strategies Data 52

Logistics Business Magazine

MAY 28, 2024

Logistics Business’ David met with 3 namesakes, including Blue Yonder’s Senior Director for Global Retail Industry Strategy. The company has released a digital cognitive platform, ‘Luminate’, a generative AI capability, ‘Orchestrator’, and a new data cloud service with its partner Snowflake. Data is gold.

Supply Chain Planning Software 57

Supply Chain Planning Software Supply Chain Software Supply Chains Data 57

Logistics Bureau

NOVEMBER 3, 2024

Again then, it’s not difficult to see how the financial health of a business depends on that of the supply chain, or how probable it is that supply chain costs feature strongly in the demise of many companies that become insolvent. Supply Chain Strategy In 2014, a survey by Tompkins Consortium delivered a shocking revelation.

Supply Chain Design Software 82

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 82

3PL Links

OCTOBER 29, 2024

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, cutting costs, and driving profitability. But how exactly does real-time inventory tracking impact your bottom line?

Inventory Reduction 62

Inventory Reduction Optimal Sourcing Inventory Cost Reduction 62

Logistics Problem Solving

JUNE 30, 2017

Logistics strategy has evolved over the past few years. After the great recession, carriers took a serious look at costs and started to rationalize their pricing. This put a lot of pressure on shippers as the old strategy of yelling louder at their carrier was no longer effective to reduce costs.

Resource Reduction 48

Resource Reduction Cost Reduction Price Reduction Strategy 48

Logistics Viewpoints

OCTOBER 2, 2024

The Ecosystem Today The logistics ecosystem is being transformed by the rise of connected vehicles equipped with IoT sensors and data-driven technologies. These vehicles collect and transmit real-time data on location, speed, fuel consumption, and cargo conditions, enabling more dynamic decision-making.

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Supply Chain Planning Software Warehousing Supply Chain Software Optimization Software 159

Logistics Viewpoints

JANUARY 23, 2024

This year, a recurring theme that I saw was about using supply chain data to improve the customer experience across the entire value chain. Here are the ones that stood out to me, especially as it relates to supply chain data. The single data cloud runs on Snowflake, one of Blue Yonder’s partners.

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Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 144

Trinity Logistics

AUGUST 31, 2022

A TMS is an excellent investment and according to Logistics Management Magazine, has been shown to reduce transportation costs by up to 30 percent. All the data a TMS provides can be overwhelming and the possibilities of what you could analyze are endless. Ultimately, sifting through that data can be complex and time-consuming.

Cost Reduction 76

Cost Reduction Negotiating Skills Expense Reduction Logistics Network Optimization Software 76