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Meet the winners of this years Top Supply Chain Projects award. Lets meet the overall winner for Food Logistics. protein products facility implemented cutting-edge robotics and a vision inspection system that automates patty production. GSF’s Opelika, Ala., GSF’s Opelika, Ala., Solution: GSF’s Opelika, Ala.,
Union Pacific is implementing a multifaceted technology strategy that focuses on safety, service, and operational excellence, and a customer-focused approach where real-time information is now a standard expectation. To improve capacity to meet customer demand, UP has deployed technology in the field to automate and optimize some operations.
As operators struggle to build agility and scale while they manage costs, the use case for person-to-goods (P2G) robotics is more compelling than ever. They provide optimized pick, putaway and replenishment functions, working with the human workforce to reduce travel time, errors and repetitive stress.
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.
Speaker: David Blonski, Chief Operations Officer of Elementum
In an environment that’s never been more challenging, supply chain leaders are as determined as ever to decrease costs and improve performance. Eliminate the one-offs, the firefighting, and the finger-pointing. Get the fundamentals rocking, so your operations can meet their full potential. Supply Chain leadership 101.
As demand for faster fulfillment surges, the sweet spot where customer experience meetscost 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.
will face shortages in trucking resources again , predominatly a trucker shortage, in the near future due to an array of developments that may cause shippers to find loads left on the ground, shipping costs rapidly escalating, and shrinking profit margins that stun stakeholders. Strategies for Surviving the Capacity and Trucker Shortage.
Research from Creditsafe’s Cost of Late Payments report found nearly 86% of businesses saying that up to 30% of their monthly invoiced sales are overdue. With rising costs from inflation and labor, many buyers are strategically delaying payments to preserve their own liquidity, essentially passing risk onto the very partners they depend on.
So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement CostCutting Tips. Routing guides optimize freight lanes and remove excess shipping costs. Meet with senior operations personnel at each contracted carrier.
We first did an overview of the 10 areas of strategy a shipper must know in order to stay competitive. Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. The essence of strategy is choosing what not to do. ” ― Michael E. Our first post focused on distressed shipments.
In this episode, youll learn: How shifting from outdated systems like EDI to REST APIs is improving efficiency and reducing delays in communication across the supply chain. The power of real-time tracking, giving you accurate, up-to-the-minute information on where your shipments are, eliminating uncertainty for both you and your customers.
In order to avoid incidents of mismatch between supply and demand, establish more efficient manufacturing and lower costs, it is necessary to establish an environment of consistent supply chain visibility. Walmart has effectively used a responsive transportation system to lower its overall costs.
Companies across various industries are constantly seeking ways to streamline their operations, reducecosts, and enhance customer satisfaction. One strategy gaining increasing popularity is partnering with third-party logistics providers, commonly known as 3PL partners. Cost control goes beyond simply finding the lowest rate.
Parcel auditing is an excellent means of recapturing revenue by reducing parcel transportation costs for shippers around the globe. That amounts to $100,000 of shipping costs that may not accurately reflect the carriers’ actual charges. Higher costs to shippers inevitably result in inflation of product pricing.
This eliminates extra stops and time lost switching between containers because your freight stays on the same trailer throughout transit. This solution increases efficiency and sustainability by lowering costs through time and fuel conservation.
Direct spend can be a significant part of the Cost of Goods Sold for an organization. Configure to Order: This strategy involves customizing standard products based on customer specifications. From natural disasters to geopolitical tensions and the ongoing COVID-19 pandemic, supply chains have been significantly impacted.
Additionally, capacity availability has improved, allowing businesses to secure reliable freight options without the extreme cost fluctuations seen in previous quarters. Many businesses are taking a balanced approachavoiding excessive stockpiling while ensuring they can meet potential surges in demand.
But cost savings is far from the only benefit of using transportation EDI in a TMS. A major electronics manufacturer calculates the cost of processing an order manually at $38 compared to just $1.35 Using EDI can reduce the order-to-cash cycle time by more than 20%, improving business partner transactions and relationships.
For manufacturers and shippers, freight spend represents one of the largest costs to the respective company. As a result, more supply chain entities are turning to transportation consolidation programs otherwise known as truckload consolidation, explains Joseph O’Reily of Inbound Logistics , to meet these demands.
Supply Chain According to TIA’s latest report, freight fraud has skyrocketed by 1,500% since 2021, costing the economy $35 billion annually. Key takeaways: · According to TIA’s latest State of Fraud in the Industry report, freight fraud has skyrocketed by 1,500% since 2021, costing the economy $35 billion annually.
In this blog, we’ll explore practical strategies tailored specifically for food and bev shippers, focusing on forecasting methods and inventory management practices that can effectively address retail demand shifts. Proactive strategies involve strategically positioning and replenishing inventory.
The ability to optimally integrate all areas of the supply chain is key to meeting customer and shareholder needs. A strategy that encompasses all allows decision-makers the visibility to see concerns early on and respond promptly. Track what is available at all stages- delivery, pipeline and returns- to efficiently meet needs.
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.
Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. 10 Tips to Remain Competitive and Have an Effective Transportation Management Strategy. Working with carriers and all the freight you manage to create continuous movement strategies is a win-win approach.
BlueGrace Releases Comic Book Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - March 12, 2024 DC Velocity Staff | DC Velocity March 12, 2024 Move over Marvel, BlueGrace Logistics has entered the comic book market.
Traditional segmentation strategies no longer work in a world characterized by complexity and constant change. Creating a cohesive back-end is an important first step, enabling companies to make real-time decisions, streamline production, and cutcosts. The Customer Owns the Empire. Embrace Digital Disruption. Join the Digerati.
With more products coming in, the pressure will be on distributors and order fulfillment centers to create warehousing space and eliminate wasted space wherever possible. Customers have the option to have products shipped to home or the store, and this eliminates any confusion about how much space is needed within each store.
In other words, politics can lead to tax benefits and incentives for companies that abandon waste-producing practices or work to reduce their carbon footprints. Essentially, creating and implementing a sustainability strategy is the only long-term solution companies have to avoid possible compliance violations. Reducecosts.
To succeed in the transportation and logistics business, 3PLs need to be able to hire and retain the very best talent, while keeping a lid on costs. Lean provides a turnkey solution to staffing challenges using a proven process that will improve profits while reducing employee costs. Lean Staffing Solutions is that edge.
It’s Time To Take A Closer Look At Your Parcel Shipping Costs eCommerce is driving the demand for smaller, more frequent last-mile deliveries. Shippers large and small need to look more closely at parcel transportation costs as a step in preserving margins. 5 Parcel Shipping Trends to Optimize Shipping & ReduceCosts.
Unfortunately, meeting this ever-changing demand means companies must have a way of generating and analyzing real-time data reflecting what customers want now. Amazon has created an environment where customers expect record-breaking delivery schedules and near-zero shipping costs. Pricing models are changing as well.
Today's blog is a continuation of yesterday's where we discussed cost management and KPIs with warehousing contracts using a real-world scenario. Now we dive a bit deeper with incentives, gain sharing, should-cost models, and governance in warehousing contracts. Some incentives are reducing UNIT PRICING. 3PL Answer 3.
Transportation costs make up 60 percent of overall logistics expenses for all shippers and 3PLs. For these companies, the use of a dedicated transportation management system, such as Cerasis™ Rater , can be deployed to lower transportation costs across the entire supply chain.
A September 5 MHL-hosted webinar, sponsored by DHL. EDT (GMT -4, New York) Duration: 1 Hour Event Type: Live WebinarCost: Free. As core markets are becoming increasingly saturated, and product margins are under pressure, companies are aligning their supply chain strategies to meet their customers’ heightened expectations.
And our client engages with 3PL by open book cost plus contracts and gain share and pain share incentive. What are the major KPI’s to be followed under the below attributes: Cost or Cost Savings. Use Value Engineering : Reduce the Cost and retain the function of anything. Performance or Service. Customer metrics.
You will want to gain insight into what differentiates one 3PL from another, what core capabilities they offer and what skills do they have in developing strategies and thought leadership. From this vantage, a strategic 3PL partnership will form a collaboration with your company to fine tune a strategy to meet your needs.
The costs of logistics and inventory are decreasing, contract renewal rate for logistics outsourcing remains good, and the emergence of cutting-edge technologies like 3D printing, drone delivery and augmented reality is opening up a wide vista of opportunities. Some cutting-edge technologies are already busy transforming the market.
With the purpose of optimizing supply chain efficiency and asset recovery rates, reverse logistics management has increasingly become a tool that positively impacts profitability as well as assisting an organization in meeting sustainability goals. 5 Benefits of Reverse Logistics Management for Asset Recovery. Increased velocity.
In addition, the IIoT’s nature allows companies to reduce overhead and maximize efficiency without dramatically increasing initial investments. Predictive Maintenance and Customer Marketing Analytics Will Cut Manufacturers’ Primary Costs. The IIoT Meets Demand for Increased Visibility.
These holistic platforms offer increased versatility and flexibility to adapt to fluctuations within markets, and they can eliminate the overhead costs of running an in-house IT department. Thus, more manufacturers will be able to reducecosts and eliminate redundancies wherever possible.
Shippers and 3PLs can select the best rates from a range of carriers to meet their needs. Be satisfied that the system meets a company’s requirements across all types of freight. Transportation Management Software Systems (TMS) reduces overall hard and soft costs of transportation. Go with TMS Integration.
On the surface, last mile may not seem very important, but it can make up 28 percent of a shipments total cost. Last mile logistics allow shippers to get more products to consumers faster and cost-effectively, critical concerns in the e-commerce and omnichannel supply chain. This improves visibility from end to end and reduces risk.
Our (now Army, as our Development Manager, Jerel Byrd calls them) development team are always continually improving the Cerasis TMS, as we know it is vital to have a system that is not only innovative, but sound, secure, and enables those in transportation to do their job all while doing it cost effectively. What are you seeing in the space?
Sustainability Measures Swept Through Logistics Providers to Reduce Transport Needs. Load planning reduced redundancies. Load utilization eliminated wasted, “empty” space in freight. Route planning reduced demand on fleet vehicles and fuel. Cost of sensors has dropped to less than $10 per unit.
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