Logistics Viewpoints

JANUARY 31, 2022

A press release from October of 2021 stated that solutions sold by the Group over the course of one year result in the avoidance of around 1,300 million tons of CO2 emissions over those product’s lifespan. It increases site productivity, reduces the usage of raw materials by up to 50%, but also leads to a more comfortable building.

Material Savings 107

Material Savings Cost Reduction Price Reduction Expense Reduction 107

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. Sins of Omission.

Expense Reduction 59

Expense Reduction Cost Reduction Price Reduction Strategy 59

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. We’ll begin with a look at pricing strategy.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

Logistics Bureau

APRIL 3, 2023

If you’re a decision-maker with accountability for your organisation’s entire supply chain, and you’re just starting to think about outsourcing, perhaps to reduce costs or improve service, this post should prove well worth the few minutes it will take you to read it. What Can You Outsource, and What Should You Outsource?

Outsourcing 98

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 98

WorkWave

JANUARY 20, 2025

WorkWave is at the forefront of developing Analytics & AI tools to help our customers streamline operations, reduce their spend and overcome common yet difficult hurdles in their businesses. Lets explore how AI and BI empower these industries, using specific examples to illustrate their transformative potential.

Optimization Software 64

Optimization Software Security Data Industry 64

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. What’s wrong with this picture?

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 111

Logistics Bureau

JUNE 15, 2016

Many articles on the topic of supply chain cost reduction have been written, most of which are understandably focused on issues such as inventory levels, network design, process efficiencies and supplier management/relationships. Support for sustainability (reduced waste generation).

Cost Reduction 49

Cost Reduction Material Savings Expense Reduction Waste Reduction 49

Logistics Bureau

JUNE 5, 2023

There are ways and means to reduce excess expenditure in fleet operation , and you can separate them roughly into three categories. Consider Downsizing Your Fleet Reducing fleet size might be the most drastic option for cost reduction, but it’s also the one likely to deliver the most significant savings.

Cost Reduction 91

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 91

Logistics Bureau

MAY 31, 2021

Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve. For example: Compared to selling a product in-store, the cost to deliver that same item as a small parcel can be several times higher. Supplier and vendor pricing.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

Trinity Logistics

SEPTEMBER 7, 2023

While these tips may not be possible for everyone or every shipment, hopefully, you’ll find one you can start implementing to reduce your freight costs. Experienced shippers know that doing everything they can to compactly pack their freight on pallets will reduce their LTL shipping rates.

Negotiating Skills 127

Negotiating Skills Tips Cost Reduction Price Reduction 127

GlobalTranz

DECEMBER 5, 2018

For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.

Price Reduction 67

Price Reduction Resource Reduction Cost Reduction Inventory Reduction 67

Freightos

OCTOBER 26, 2020

Oil prices tanked, cancellations increased and Maersk drilling and supply chain services would run up nearly $2 billion dollars in annual losses. So three months after an executive meeting on June 23rd , an updated strategy was released, tracking a radical shift into a slimmer Maersk, focused on providing end-to-end logistics services.

Logistics Network Optimization Software 134

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Price Reduction 134

Material Handling and Logistics

OCTOBER 30, 2018

Suspicion that digitization will eliminate jobs is not without cause—there is no doubt that certain roles are changing or being eliminated by automation. Success here can drive significant revenue opportunity and reduce costs, ultimately greatly increasing the stature of procurement in an organization. How do you do that?

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

Log-hub

DECEMBER 10, 2024

Businesses can significantly reduce costs by recovering value from returned or unsold goods. Proper recycling and disposal reduce waste and contribute to a positive brand image. Furthermore, the process involves sorting, inspecting, and determining the best course of action for each item, which demands significant time and effort.

Reverse logistics 40

Reverse logistics Supply Chain Planning Software Waste Reduction Logistics Network Optimization Software 40

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. Sins of Omission.

Expense Reduction 48

Expense Reduction Cost Reduction Price Reduction Strategy 48

Freightos

JUNE 15, 2021

You’ve seen the Suez Canal memes, you know furniture is taking way longer than usual to get to your door, and you may have even heard about Pelotons shipped by air to reduce delivery times. When that stopped, the industry found itself in a crunch and within just months, prices took off by some 400%. Let’s talk freight. . 13, 2021.

Supply Chains 164

Supply Chains Price Reduction Cost Reduction Logistics Network Optimization Software 164

Blue Grace Logistics

SEPTEMBER 12, 2017

“Results from the 2017 study show that roughly 75% of respondents are using the mix strategy (be all things to all people) as the predominant approach for their companies compared to the 51% who we reported utilizing a mix strategy in our 2016 results. Cost is, of course, another important aspect of running a successful business.

Cost Reduction 89

Cost Reduction Logistics Network Optimization Software Price Reduction Sourcing Strategies 89

FreightWaves SONAR

FEBRUARY 26, 2021

Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction. Without clear insight into current activity, carriers cannot price loads effectively and will see declines in overall profitability.

Trucking 96

Trucking Freight Price Reduction Cost Reduction 96

GlobalTranz

JUNE 16, 2015

Throughout the course of business, business owners, who may be in the manufacturing, retail, or in another industry, find themselves focusing on innovation. Furthermore, innovation has replaced previous expectations and practices of reducing prices and focusing on reducing the consumers’ costs.

Manufacturing Procurement 101

Manufacturing Procurement Purchasing Skills Price Reduction Supply Chain Design Software 101

GlobalTranz

JULY 8, 2015

And at the end, check out a nice infographic speaking more to reverse logistics strategies and practices. Throughout the course of business, there will be a series of recurring updates for equipment, software, and materials. Reverse Logistics allows businesses to recoup a portion of the original purchase price of this equipment.

Reverse logistics 110

Reverse logistics Material Savings Cost Reduction Logistics Network Optimization Software 110

Logistics Bureau

AUGUST 2, 2021

Competitiveness of Pricing. The price you pay your vendors for their products is a significant factor in your company’s ability to compete in its market. However, your company probably procures a wide range of indirect supplies, and this is where pricing can impact your competitive advantage. Supplier Defect Rate.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.

Cost Reduction 98

Cost Reduction Purchasing Skills Waste Reduction Material Savings 98

Logistics Bureau

MAY 9, 2016

Is it a good idea to reduce working capital in a supply chain? However, it corresponds to the amount of money you need to keep your supply chain working, so in reality you want to decrease it – without hurting supply chain performance, of course. McDonald’s, Amazon, Dell, General Electric and Wal-Mart are examples.

Inventory Reduction 55

Inventory Reduction Material Savings Cost Reduction Price Reduction 55

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? At that point, each SKU will be taken to any convenient storage location in the warehouse.

Inventory Reduction 75

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 75

Logistics Viewpoints

FEBRUARY 16, 2022

Of course, Amazon is investing heavily in its infrastructure and working toward market share gains, likely in detriment to earnings. Nike’s 2020 earnings are another example of costly e-commerce operations’ impact on the bottom line. Nike’s 2020 earnings are another example of costly e-commerce operations’ impact on the bottom line.

Operations 121

Operations Cost Reduction Vendor Strategies Price Reduction 121

GlobalTranz

FEBRUARY 28, 2018

Freight forwarders will interact with customers online and automate back office procedures to reduce delivery delays and associated costs. For example, Tesla plans to build a fleet of 500 autonomous trucks, says Kirsten Korosec of Fortune. The ELD mandate will dramatically reduce the number of hours truckers can drive.

Vendor Strategies 57

Vendor Strategies Course Trends Cost Reduction 57

Ship Monk

APRIL 5, 2024

The last time they raised prices? So much attention is paid to negotiating the price of the goods and coordinating the delivery that very little thought goes into the quality of the relationship and how improving it might help you both. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105

GlobalTranz

AUGUST 9, 2016

Lean thinking focuses on the elimination of all waste (where waste is defined as any non-value added process) and bringing value to the customer , beyond the customer’s expectations. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and.

Waste Reduction 53

Waste Reduction Cost Reduction Inventory Reduction Price Reduction 53

Logistics Bureau

OCTOBER 10, 2022

Before we look at the barriers to optimal inventory and the possible ways to eliminate or overcome them, let’s be clear on what inventory optimisation means—because misconceptions do abound. For example, you can optimise for cost, profit, or service, but not for all of them. Inventory Optimisation: A Clarification.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Modeling Optimization Software 105

WorkWave

JULY 31, 2019

By pairing a solid organic social content strategy with a full-funnel social advertising strategy, you will gain much greater value and be able to tie efforts to actual ROI. Once you are set up you can jump into your strategy and execution. However, it is probably the most important part of your advertising strategy.

Waste Reduction 58

Waste Reduction Price Reduction Strategy How To 58

Logistics Viewpoints

APRIL 27, 2023

When you begin researching Warehouse Management System ( WMS ) software, you’re probably running into some difficulties in the budgeting process because pricing is not always readily available. Calculate software costs – Consider the price of the software solution. SaaS or cloud will also influence this pricing.

Supply Chain Planning Software 110

Supply Chain Planning Software Modeling Software Logistics Network Optimization Software Supply Chain Software 110

GlobalTranz

AUGUST 9, 2017

But, shippers who understand the top factors influencing parcel pricing, such as dimensional (DIM) pricing models , they can locate additional savings by eliminating unnecessary costs and maintaining better control over shipping practices. For example, a carrier’s fuel surcharge may vary from week to the next.

Negotiating Skills 49

Negotiating Skills Price Reduction Cost Reduction Waste Reduction 49

WorkWave

NOVEMBER 18, 2019

Additionally, some owners believe that up-charging customers and inflating prices is an effective strategy because it gives the appearance of legitimacy and quality. If you price your services too high, you can end up driving customers away. Remember that when setting your price, customers are looking for value.

Price Reduction 56

Price Reduction Material Savings Optimization Software Cost Reduction 56

Logistics Bureau

JANUARY 13, 2025

Pricing Structure: Remember those simple shipping options you see when shopping online? B2B freight pricing is much more complex, involving factors like volume commitments, lane pricing, fuel surcharges, accessorial charges and contract terms. The likelihood is that you did.

Purchasing Skills 40

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 40

Logistics Viewpoints

APRIL 7, 2022

As an example, a major retailer whose market presence is in the Americas realized that several of their shipments that originate in China pass through Russia to make their way to the west and are now subject to shipment backlogs. Now, these shipments are being shifted to ocean and air, radically reducing rail shipments.

Supply Chain Design Software 126

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 126

GlobalTranz

MAY 21, 2015

Many manufacturers & retailers have found that they can use state of the art supply chain management to reduce inventory & warehousing costs while speeding up delivery to the end customer. Managers should ensure that a firm’s transportation strategy supports its competitive strategy. Living things are always changing.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Cost Reduction Supply Chains 100

GlobalTranz

JULY 9, 2015

Throughout this time, 3PL transportation management providers have taken advantage of the low-costs of transportation, which further reduced the costs for businesses and manufacturers. Furthermore, you can prepare for the change by understanding what 3PLs can do to help attempt to maintain lower prices of transportation.

Price Reduction 102

Price Reduction Cost Reduction Trucking Resource Reduction 102