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.

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Cost Reduction Price Reduction Inventory Reduction Negotiating Skills 52

CH Robinson Logistics

JULY 13, 2022

The short answer is “yes,” as long as you have a segmented freight portfolio strategy for both the contract market and the spot market. Every business has a responsibility to develop strategies that take advantage of the best market price and service. As you build your strategy, confirm the spot market capacity for specific areas.

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Price Reduction Cost Reduction Strategy Purchasing Skills 90

Logistics Business Magazine

FEBRUARY 15, 2023

No matter where we turn, supply chain costs are going up. Depending on the length and severity of the war, the cost of the disruption to the supply chain could cost €242 billion – or in a protracted war scenario, €920 billion. Against this backdrop, improving employee satisfaction and retention can help lower operating costs.

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Cost Reduction Expense Reduction Supply Chain Design Software Price Reduction 57

3PL Links

OCTOBER 22, 2024

Image source: Pexels | Shipping Trends for 2025: What Will Change and How to Adapt The logistics industry is continuously evolving, and as we move closer to 2025, businesses will face a range of transformative changes. Studies predict that fuel costs may rise by 10-15% by 2025, making efficient routing a priority for logistics providers.

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Cost Reduction Price Reduction Sourcing Strategies Resource Reduction 62

3PL Links

OCTOBER 15, 2024

Image source: Pexels | Logistics Challenges and How to Overcome Them Let’s break down the most common logistics problems and how you can resolve them to improve your operations. From delays to cost increases, logistics teams encounter a range of obstacles that can hinder efficiency and affect the entire supply chain.

Inventory Reduction 62

Inventory Reduction Logistics Network Optimization Software Supply Chain Software Expense Reduction 62

Supply Chain Brain

MAY 31, 2024

Flexible automation is a crucial tool, offering a solution to the challenges posed by fluctuating demand patterns. In today's dynamic business landscape, the ability to swiftly respond to changing demand is paramount.

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CH Robinson Logistics

OCTOBER 28, 2021

How can, therefore, shippers increase the efficiency of their LTL shipping operations while cutting down on costs and retaining their competitive edge? Control costs and improve efficiency through reliable capacity networks. Leverage industry-leading technologies to add efficiencies to your LTL shipping.

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Cost Reduction Expense Reduction Supply Chain Planning Software Efficiency 96

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?

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Inventory Reduction Price Reduction Cost Reduction eCommerce 63

GoShip Blog

JULY 15, 2022

Although order fulfillment strategies may differ across businesses, a typical fulfillment strategy involves the following processes: Receiving inventory Inventory storage Order processing Picking and packaging Delivery Processing returns. You can also find and retain new customers by using customer relationship management (CRM) tools.

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Inventory Reduction Cost Reduction Modeling Software Ordering 52

FreightWaves SONAR

JANUARY 28, 2021

Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Strong and versatile logistics strategies depend on this data. Download the White Paper.

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Waste Reduction Resource Reduction Price Reduction Cost Reduction 105

Stord

NOVEMBER 13, 2024

billion, demonstrating sustained growth BFCM Strategies Unfortunately, the first truth about being prepared for BFCM is not a shocking or surprising insight - the brands that can regularly and repeatedly deliver their consumer’s orders on time with healthy margins are most likely to have the component parts to succeed during BFCM.

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Inventory Reduction How To Cost Reduction Procurement Solutions 148

ShipLilly

JUNE 28, 2021

The rate of return for products, otherwise known as reverse logistics, can be mitigated when suppliers work to improve the speed, cost, and efficiency of shipping goods. Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations.

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Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

Blue Grace Logistics

OCTOBER 18, 2023

Enhancing Supply Chain Sustainability Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - October 18, 2023 October is Sustainability Month, a time to reflect on our impact on the planet and seek ways to reduce our carbon footprint.

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Resource Reduction Cost Reduction Supply Chain Planning Software Supply Chain Software 62

SYSPRO Smarter ERP

MARCH 20, 2024

For manufacturers, having the right business intelligence on hand at the right time can eliminate the guesswork from decision making, offering real-time visibility into business processes so you can anticipate your next move. Data warehousing costs rise. Eliminate reporting inconsistencies and data redundancy. Human error.

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Manufacturing Procurement Optimal Sourcing Expense Reduction Cost Reduction 105

Log-hub

DECEMBER 8, 2023

But since you’re here, this must be the question you are asking yourself, and we’ll try to dig deep into the topic, helping you overcome the transportation costs obstacles. We witnessed a significant increase in the transportation costs. Vehicle initiation costs have increased by 50% in year 2023.

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Cost Reduction Optimal Sourcing Handling Supply Chain Design Software 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. Supply chain strategies have come into the spotlight as volatile demand and complicated global markets have made supply chains more complex.

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Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

Trinity Logistics

AUGUST 22, 2023

According to a survey by Convoy , 69 percent of respondents said reducing deadhead miles is important to them. By reducing deadhead miles, both shippers and carriers can slash their supply chain costs while also making an environmental impact. WHAT IS DEADHEADING IN TRUCKING?

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Waste Reduction Cost Reduction Supply Chain Planning Software Supply Chain Software 99

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.

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Negotiating Skills Purchasing Skills Cost Reduction Analysis 90

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? This article contains useful information on how to integrate the operations and sales departments in a demand planning process.

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Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 48

WorkWave

JUNE 27, 2024

Addressing this shortage is vital for maintaining efficient operations, controlling costs and ensuring customer satisfaction. This blog will delve into the current state of driver availability, its causes, consequences, strategies for mitigating the challenge, and future outlooks and long-term solutions.

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Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

WorkWave

JULY 12, 2024

Proper waste management is crucial for businesses of all sizes, not only to comply with regulations but also to minimize environmental impact and reduce costs. Inefficient waste management practices can lead to increased disposal costs, harm to the environment, and even damage to a company’s reputation.

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Waste Reduction Waste Material Savings Cost Reduction 52

WorkWave

JUNE 10, 2024

Calculating overhead costs in field service is an essential aspect of running a successful business. By accurately calculating overhead costs, field service businesses can ensure they are pricing their services competitively and making informed decisions about their operations. What are overhead costs?

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Negotiating Skills Cost Reduction Expense Reduction Optimization Software 52

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. But how to get rid of them? One of them is a bad cost management strategy.

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Cost Reduction Sourcing Strategies Expense Reduction Supply Chain Design Software 52

FourKites

DECEMBER 11, 2020

For example, many of our customers use tools like FourKites Notification Rules, encrypted links and watcher settings to simultaneously alert key stakeholders both within their organization and their customer base when critical events occur in the lifetime of a load in transit. Examples of customer-driven supply chain strategy.

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Vendor Strategies Cost Reduction Supply Chain Design Software Supply Chain Software 52

WorkWave

JULY 11, 2024

A significant impact on reducing landfill contamination. This helps to prevent the accumulation of hazardous materials and reduces the risk of groundwater and soil contamination. Without adequate funding, it can be challenging to cover the initial costs and ongoing expenses associated with the waste management industry.

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Waste Reduction Waste Cost Reduction Expense Reduction 52

Logistics Business Magazine

MARCH 20, 2023

A new white paper from a supply chain consultancy suggests retailers are too fragmented in their approach to determining their Costs-To-Serve (CTS) and should instead adopt CTS analysis as a core, business-critical initiative for informing future decisions and direction. “In More acutely, do you know what margin you are making?

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Supply Chain Planning Software Supply Chain Software Cost Reduction Logistics Network Optimization Software 53

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.

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Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

WorkWave

JUNE 17, 2024

Generating more leads is a key strategy for increasing revenue, expanding market reach, and establishing a strong reputation in the industry. Digital marketing has emerged as an essential strategy to effectively promote products and services online. Email marketing is an effective pest control lead generation strategy.

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Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 96

WorkWave

MARCH 26, 2024

Let’s delve into this topic to understand its significance and explore strategies for optimizing delivery routes to enhance customer satisfaction. Efficiency and Cost-Effectiveness Efficient delivery route planning not only benefits customers but also contributes to the company’s bottom line. Start Using RouteManager!

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Optimization Software Optimization Logistics Network Optimization Software Cost Reduction 105

Conger

DECEMBER 13, 2022

If you're looking for ways to reduce lead times, you’re in the right place. Because in this post, you’ll find 11 effective strategies for doing just that. Identify and Eliminate Bottlenecks. The closer the supplier is to your warehouse or manufacturing plant or location , the easier it is to reduce lead times.

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Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

FourKites

DECEMBER 11, 2020

What is inventory carrying cost? Inventory carrying cost, or more simply referred to as “carrying cost,” is the sum of all the costs associated with holding inventory or stock in storage or warehouse. Inventory carrying costs are something that anyone who sells a physical product has to deal with. Capital Cost.

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Inventory Reduction Cost Reduction Expense Reduction Resource Reduction 52

Stord

MAY 8, 2024

What is the biggest logistics challenge facing e-commerce/DTC & B2B companies this year and how can it be overcome? (And what should e-commerce/DTC & B2B companies be doing to get ahead of these challenges?) Agile practices optimize inventory management , promoting cost efficiency and lean inventories.

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Optimal Sourcing Supply Chain Planning Software Inventory Reduction Optimization Software 158

Logistics Viewpoints

NOVEMBER 18, 2024

One essential tool used by the supply chain team is supply chain design. Like many companies, the French multinational produces a significant amount of its products in low-cost nations. One key tool they use to accomplish this is a supply chain design solution from Coupa. Initially, regions generating lower revenue were modeled.

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Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Planning Software 122

Logistics Bureau

OCTOBER 26, 2024

When these issues arise within your company’s supply chain operations, supply chain consultants can diagnose the issues, offer cost-effective solutions, and help ensure smooth implementation. Often, people think that supply chain consulting is about reducing costs. The problems don’t end there.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 118

Supply Chain Brain

APRIL 20, 2021

As demand for faster fulfillment surges, the sweet spot where customer experience meets cost efficiency gets smaller. To help you address these challenges, hear how global 3PLs/carriers efficiently balance customer experience and operational costs by leveraging intelligent delivery management tools.

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Cost Reduction Modeling Software Optimization Software Optimization Modeling 128

Ship Monk

APRIL 16, 2024

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. The good news is that fraud management tactics and tools are making it easier to prevent, catch, and combat ecommerce fraud. In 2023 alone, ecommerce fraud (a.k.a.

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eCommerce Modeling Software How To Procurement Solutions 105