10xLogistics

OCTOBER 19, 2022

There are a lot of conversations happening relative to all sorts of strategies for supply chains (and no lack of consultants who want to sell you on the latest and greatest ideas). My thesis here is that the first thing you have to develop and fully understand is your business' go to market strategy. Just do what you say you will do.

Cost Reduction 117

Cost Reduction Price Reduction Supply Chain Design Software Strategy 117

Stord

JULY 1, 2024

Every step of the process that brings your product from creation to your consumers’ front-door can cut into those margins and reduce your profitability. A brand’s goal is to maximize order value and repeat purchase rate, while minimizing variable product and shipping costs, optimizing ad costs, and keeping overhead costs low.

Expense Reduction 78

Expense Reduction Cost Reduction Price Reduction Inventory Reduction 78

The Logistics of Logistics

MARCH 13, 2021

Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. When developing a sourcing strategy, the focus can be effectiveness (gaining desired results) or on efficiency (reducing cost, labor, and resources used). About Ron Crabtree.

Sourcing Strategies 195

Sourcing Strategies Inventory Reduction Resource Reduction Price Reduction 195

Logistics Viewpoints

AUGUST 25, 2021

A TMS offers optimization capabilities across multiple modes to improve service levels and reduce freight spend. Below are some transportation strategies for success for suppliers of TMS, TES, and MTS. Coronavirus has changed the outlook for direct-to-consumer commerce, and a TMS is now a critical component of this strategy.

Price Reduction 178

Price Reduction Cost Reduction Expense Reduction Supply Chain Planning Software 178

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

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 169

Cost Reduction Material Savings Resource Reduction Price Reduction 169

3PL Links

NOVEMBER 12, 2024

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.

Cost Reduction 62

Cost Reduction Material Savings Supply Chain Software Supply Chain Planning Software 62

Logistics Viewpoints

FEBRUARY 20, 2024

That strategy can lead to thousands of scenarios, and still no number of scenarios will answer all questions. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. For example, Colorado should be serviced by the plant in Texas in certain months and by the California plant during others.

Supply Chain Design Software 150

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 150

Logistics Business Magazine

JANUARY 30, 2024

Jack Burton of Samsara and Daniel King from QBE detail the factors contributing to rises in insurance costs and what is driving market conditions. With claims cost inflation, parts shortages and rising costs of vehicle technology it is crucial to have a robust risk management strategy. What is driving market conditions?

Cost Reduction 50

Cost Reduction Strategy Logistics Network Optimization Software Data 50

CLX Logistics

MAY 3, 2024

A resilient and agile supply chain strategy is not just a prudent choice—it’s a necessity, especially within the context of chemical supply chains. Challenges in Supply Chain Strategy Planning Designing a resilient and agile supply chain organization is not without its challenges.

Material Savings 76

Material Savings Resource Reduction Cost Reduction Sourcing Strategies 76

GoShip Blog

DECEMBER 29, 2022

Shipping is a cost neither business owners nor their customers enjoy having to shoulder. Shipping costs often leave the affected parties no choice but to learn how to deal with it. Fortunately, there are effective strategies you can employ to reduce your e-commerce store’s shipping costs.

Cost Reduction 52

Cost Reduction Price Reduction Inventory Reduction Negotiating Skills 52

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

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 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. These are clear cut benefits.

Vendor Strategies 117

Vendor Strategies Waste Reduction Cost Reduction Optimization Software 117

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 Business Magazine

OCTOBER 16, 2024

Continuous warehouse operations escalate wear on equipment, raise maintenance costs, and amplify electricity use for conveyor systems. 3 key areas to enhance sustainable peak season performance Reducing downtime with smart equipment choices Unplanned downtime is the adversary of peak season success.

Waste Reduction 60

Waste Reduction Resource Reduction Material Savings Cost Reduction 60

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 52

Cost Reduction Expense Reduction Resource Reduction Waste Reduction 52

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.

Supply Chain Planning Software 52

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

Supply Chain Brain

SEPTEMBER 29, 2020

Countless businesses and their customers have already been impacted, but with no end to the global tariff situation in sight, it’s imperative that companies continue to refine their strategy to not only ensure business continuity but also to gain the most advantageous position possible for the future.

Inventory Reduction 98

Inventory Reduction Cost Reduction Strategy White Paper 98

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

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

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

Supply Chain Planning Software 135

Supply Chain Planning Software Cost Reduction Supply Chain Software Supply Chains 135

GlobalTranz

APRIL 10, 2017

Shippers often forget about the possible savings through an effective inbound logistics strategy. Unfortunately, this disconnect could be costing tens of thousands of dollars and eating away at your bottom line. Reducing Costs in Shipping with a Focus on Inbound Logistics Strategy.

Cost Reduction 71

Cost Reduction Vendor Strategies Inventory Reduction Inbound 71

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

Talking Logistics

AUGUST 20, 2023

We see this, for example, in the number of empty backhauls that happen every day. Read more The post [Video] Riviana Foods: Using Optimized Load Building to Reduce Transportation Costs and Improve Sustainability appeared first on Talking Logistics with Adrian Gonzalez. Read more

Cost Reduction 111

Cost Reduction Waste Reduction Video Optimization 111

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 103

Negotiating Skills Purchasing Skills Cost Reduction Analysis 103

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

Logistics Bureau

JUNE 5, 2023

If your company operates a distribution fleet, you’ll know that the costs of running trucks for customer deliveries are continually increasing. There are ways and means to reduce excess expenditure in fleet operation , and you can separate them roughly into three categories. It’s a fair question.

Cost Reduction 81

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 81

Blue Grace Logistics

NOVEMBER 3, 2021

Need to reduce loading and unloading time : Many shippers pay a heavy cost for detention due to wait time and excessive loading and unloading time. For example, perishable goods cannot be shipped using drop trailers due to limited shelf life. Possible Reduction in Shipping Costs by Using Drop Trailers.

Cost Reduction 62

Cost Reduction Resource Reduction Inventory Reduction Supply Chains 62

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

GoShip Blog

FEBRUARY 7, 2023

Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. Why a Solid Marketing Strategy is Important A marketing strategy refers to a business’s action plan for achieving its short and long-term goals and developing a sustainable competitive advantage.

Waste Reduction 52

Waste Reduction Price Reduction Resource Reduction Expense Reduction 52

Logistics Bureau

NOVEMBER 20, 2024

Whatever your supply chain role might be, monitoring and controlling costs is almost certain to be an important area of responsibility for you. Supply chain cost blowouts refer to unexpected and significant increases in costs across the supply chain that exceed planned or budgeted amounts.

Supply Chain Planning Software 107

Supply Chain Planning Software Supply Chain Software Negotiating Skills Cost Reduction 107

MTS Logistics

OCTOBER 31, 2024

There must be efficient strategies deployed to reduce the spread of pests and different stakeholders must contribute in some way. The emerald ash borer, a devastating wood-boring insect found in China and eastern Asia, is an example of a pest that is expensive to eradicate. What are the primary consequences of not doing so?

Expense Reduction 77

Expense Reduction Resource Reduction Cost Reduction How To 77

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

MAY 31, 2021

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.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118