Logistics Business Magazine

OCTOBER 23, 2024

Offering this service presents significant challenges, however, from rising operational costs to balancing customer expectations with profitability. In this article, we explore these hurdles and the strategies businesses can employ to meet growing demand for fast, free shipping while maintaining operational efficiency.

Cost Reduction 55

Cost Reduction Price Reduction Expense Reduction Resource Reduction 55

EazyStock

AUGUST 21, 2020

For businesses that carry non-perishable goods it’s tempting to order and carry surplus stock to help meet market demand and hit order fulfillment targets. However, holding too much can have a number of negative implications, such as high carrying costs , over-investment in stock and poor cash flow.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

The Logistics of Logistics

SEPTEMBER 25, 2023

Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. About Paul Noble As Founder and Chief Strategy Officer of Verusen, Paul Noble oversees the company’s vision and strategic direction.

Optimal Sourcing 398

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 398

The Logistics of Logistics

SEPTEMBER 26, 2020

Digital Sales Strategy: Overcoming the Barriers to Growth with Tony Verre. Joe Lynch and Tony Verre discuss the importance of having a digital sales strategy. He is currently building and executing strategies to connect, parallel, and intersect the consumer journey at multiple touchpoints to accelerate commerce. Learn More.

Cost Reduction 195

Cost Reduction Strategy Digital eCommerce 195

3PL Links

MAY 3, 2023

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

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

Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. This delicate balance aims to achieve two vital objectives: maximizing sales while minimizing costs. This equates to more profits in the pocket.

Inventory Reduction 52

Inventory Reduction Cost Reduction Resource Reduction Waste Reduction 52

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.

Inventory Reduction 116

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 116

Logistics Viewpoints

NOVEMBER 6, 2024

These sensors capture precise data on factors like location, speed, fuel usage, and driver behavior, transforming fleet management from reactive to data-driven decision-making. The IoT data allows managers to detect inefficiencies, predict maintenance needs, and even assess driver performance.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimization Software 136

Logistics Viewpoints

MAY 10, 2022

with one of the highest costs of living. To make ends meet, many colleagues also worked second jobs. Does it require manual data entry? Many of the best automation solutions do not eliminate headcount. This solution significantly reduced shipping costs by eliminating wasted cardboard and dunnage.

Vendor Strategies 117

Vendor Strategies Waste Reduction Cost Reduction Optimization Software 117

Blue Grace Logistics

NOVEMBER 1, 2024

LTL carriers handle multiple shipments from various vendors on a single route, helping save time and reduce costs by maximizing truck space. These enhancements help carriers meet tighter delivery windows and ensure accuracy, enabling them to stay competitive in the fast-paced e-commerce market.

Price Reduction 103

Price Reduction Vendor Strategies Supply Chain Planning Software Cost Reduction 103

Locus

JUNE 15, 2023

As supply chains move past the uncertainties of 2020, they are met with new challenges while continuing to meet demands for greater efficiency, reduced operational costs and memorable consumer experiences. However, they also need to expand to meet the escalating demands of consumers. Watch Webinar 3. trillion by 2030.

Cost Reduction 52

Cost Reduction Supply Chain Planning Software Supply Chain Software Optimization Software 52

Talking Logistics

MARCH 7, 2023

While improved appointment scheduling for the gate and warehouse is a worthy application of real-time transportation visibility data, estimated time of arrival (ETA) knowledge alone isn’t sufficient to meaningfully improve your operations and their efficiency or reduce operational costs at your facility.

Meeting 138

Meeting Cost Reduction Events Data 138

GlobalTranz

OCTOBER 2, 2017

Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points. Planning Is Essential To Have an Effective Last Mile Logistics Strategy.

Inventory Reduction 145

Inventory Reduction Cost Reduction Strategy Logistics Network Optimization Software 145

The Logistics of Logistics

FEBRUARY 11, 2022

The True Cost of OTIF Failure with Andrew Lynch. Andrew Lynch and Joe Lynch discuss the true cost of OTIF failure. Lynch and his team leverage data intelligence and strong industry relationships to help clients uncover transportation savings, build scalable supply chain strategies, and ace retailer compliance programs.

Cost Reduction 313

Cost Reduction Manufacturing Procurement Supply Chain Software Logistics Network Optimization Software 313

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? Note that you’ll need to meet special requirements for retail/B2B fulfillment. Unexpectedly large shipping costs are the #1 reason for cart abandonment.

Inventory Reduction 63

Inventory Reduction Price Reduction Cost Reduction eCommerce 63

The Logistics of Logistics

JULY 20, 2022

Jon is the Director of Pricing Strategy & Analytics at Loadsmart , a freight technology company that is removing the barriers between shippers and carriers so freight can move in the most efficient, transparent and automated way. When a shipper working with Loadsmart pays above the target price, Loadsmart gets a reduced margin.

Price Reduction 289

Price Reduction Purchasing Skills Cost Reduction Logistics Network Optimization Software 289

Logistics Viewpoints

OCTOBER 30, 2023

A network design solution operates by looking at the Total Cost to Serve (TCTS) across a range of fixed and marginal costs. Scenarios are run, and the low-cost network that best meets customer service objectives is selected. And, this was not because of the number of scenarios, but the initial quality of the data.

Supply Chain Design 152

Supply Chain Design Cost Reduction Vendor Strategies Inventory Reduction 152

Locus

JUNE 16, 2023

Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing. The biggest challenge that logistics providers face is rising last-mile carrier delivery costs. These include: 1.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

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

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 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. They design their supply chain on a continuous basis and focus on ecommerce retailing strategies that segment their customer base according to buying behavior.

Supply Chain Design Software 161

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Scenario Planning 161

WorkWave

NOVEMBER 6, 2023

In this blog post, we will delve into the intricacies of order management, the role of an Order Management System (OMS), what happens after checkout and how to master your order management strategy with the help of cutting-edge order management systems and order management software. What Is Order Management?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Ordering 52

Logistics Viewpoints

SEPTEMBER 28, 2023

Globalization has expanded supply chains; the result is increased complexity and transportation costs. The rise of e-commerce and consumer expectations for faster, more reliable deliveries has further heightened the importance of optimized transportation to meet these needs. This underscores the importance of finding efficiencies.

Supply Chain Software 154

Supply Chain Software Supply Chain Planning Software Cost Reduction Material Savings 154

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 116

Cost Reduction Purchasing Skills Waste Reduction Material Savings 116

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

SEPTEMBER 25, 2024

IoT: Powering the Future of Digital Product Passports The Internet of Things (IoT) continues to impact how industries track products and manage data. This network of devices enables seamless, automatic data collection from physical objects in near real-time.

Supply Chain Design Software 149

Supply Chain Design Software Supply Chain Planning Software Data Digital 149

Radius Logistics

JULY 17, 2024

One proven method to achieve this is by adopting a Just-In-Time (JIT) inventory strategy. When paired with our expertise and capabilities at Radius Logistics, this approach can lead to significant cost savings and operational efficiencies. This methodology minimizes inventory levels, reduces storage costs, and enhances cash flow.

Material Savings 26

Material Savings Inventory Reduction Cost Reduction Waste Reduction 26

3PL Links

MAY 19, 2024

Image source: PxHere | Mastering Demand and Inventory Planning: Essential Strategies for Success Have you ever thought about how businesses effectively satisfy customer demand and maintain supplied inventory? Collecting and examining previous sales data while taking patterns and seasonality into account is the first stage.

Inventory Reduction 48

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 48

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 73

Cost Reduction Expense Reduction Price Reduction Vendor Strategies 73

Log-hub

MARCH 1, 2023

The mistakes that can pull your supply chain far away from the progress are bad cost management strategy, lack of optimized business processes, neglecting data and KPI’s, poor customer service and no future planning. One of them is a bad cost management strategy. But how to get rid of them?

Cost Reduction 52

Cost Reduction Sourcing Strategies Expense Reduction Supply Chain Design Software 52

3PL Links

OCTOBER 17, 2023

7 Efficient Strategies to Mitigate Risks in the Supply Chain | Image source: Pexels Issues with suppliers, calamities that occur naturally, data breaches, health issues, or security issues. Additionally, this diversification enables us to look for goods and services with lower costs and higher quality.

Sourcing Strategies 48

Sourcing Strategies Resource Reduction Cost Reduction Supply Chains 48

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 148

Cost Reduction Price Reduction Supply Chain Planning Software Scenario Planning 148

Logistics Viewpoints

FEBRUARY 22, 2022

The role of logistics in modern companies is not only to support corporate strategy but also to enable it. Let’s face it, logistics is always a challenging endeavor, even beyond the latest pandemic disruption, and particularly now as companies struggle to meet sustainability goals.

Data 111

Data Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction 111

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

FreightWaves SONAR

FEBRUARY 11, 2021

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.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Supply Chain Planning Software Optimization Software 98

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. What Are The Challenges?

Supply Chain Planning Software 154

Supply Chain Planning Software Warehousing Supply Chain Software Optimization Software 154