Logistics Viewpoints

APRIL 6, 2023

By working closely with suppliers, organizations can improve the quality and reliability of their in-bound supply chains, reduce costs, and increase their overall efficiency. The costs associated with purchasing these items hit the “operational expenses” components of the company’s financial statements.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 98

Logistics Bureau

JUNE 13, 2016

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I’d be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.

Cost Reduction 75

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 75

Logistics Bureau

MAY 24, 2019

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.

Cost Reduction 77

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 77

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 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

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

Ottawa Logistics

OCTOBER 12, 2016

It is no secret that many companies are utilizing such strategies as they seek to find new and better ways to “go more green.” Eco-friendly packaging is usually less packaging, and less expensive to create, touts articles like Good Things Come From Green Packages. The 3 R’s (reduce, reuse, recycle) = good karma. It’s a Win-Win.

Material Savings 94

Material Savings Waste Reduction Expense Reduction Packaging 94

ShipLilly

DECEMBER 9, 2019

Industry leaders in ocean shipping are looking for ways to reduce the global footprint per container. In the interim, there have been other significant steps to reduce omissions that are already having a big impact. Of course, the scorecard is only disseminated to those groups participating in the sustainability goals.

Expense Reduction 63

Expense Reduction Maritime Groups Collaboration 63

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). Sometimes Less is More.

Cost Reduction 49

Cost Reduction Material Savings Expense Reduction Waste Reduction 49

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

ShipLilly

APRIL 7, 2021

Then there is the option of booking expensive air freight that can make up for the time that has been lost. Insurance should be a matter of course and businesses should ensure that they are always up to date. The post Risky Strategies Increase the Rate of Container Losses Amid Transit appeared first on ShipLilly.

Cost Reduction 59

Cost Reduction Expense Reduction Inventory Reduction Resource Reduction 59

3PL Links

SEPTEMBER 26, 2016

Before you get into a cost-cutting frame of mind, however, you need to understand where to focus because making the right cuts in the right areas will ultimately lead to the greatest returns. What follows is a rundown of the 10 best ways to reduce supply chain costs — and to increase your profits. Make Better Use of Space.

Cost Reduction 63

Cost Reduction Inventory Reduction Expense Reduction Supply Chain Software 63

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. Naturally, overall cost-to-serve will be higher for online than in-store sales due to the added expense involved in picking, packing, and delivering customers’ purchases.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Increasing order efficiency. Demand forecasts. The quantity of each product.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

FreightWaves SONAR

MARCH 4, 2021

With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. Cost reduction strategies in supply chain management remain focused on getting loads from point A to point B as fast and as affordable as possible.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

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

United World Transporation

FEBRUARY 4, 2022

In the trucking business, maximizing profits is all about minimizing expenses. That means you’ll need to come up with a strategy to keep operational costs to a minimum. The most significant expenses are truck insurance, fuel, compliance with regulations, and vehicle maintenance and repair. Find the Right Truck for You.

Expense Reduction 96

Expense Reduction Cost Reduction How To Negotiating Skills 96

Locus

MARCH 27, 2024

Geocoding drastically cuts down on the headache of reattempted deliveries on these unclear by accurately locating unclear addresses, thereby saving costs and boosting customer satisfaction. This proximity reduces the need for long-haul deliveries, further cutting down transportation costs.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

FreightWaves SONAR

FEBRUARY 25, 2021

A certain level of fees and freight rating expenses are standard in shipping and transportation. Of course, it all depends on the ability to stay strategic. . This focus is needed to ensure that a load earns a rate that is higher than expenses incurred with managing the process of how they price freight.

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

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. Freight that is dense and difficult to break is in a lower class, making it the least expensive. Reduce any empty space between cases or products on the pallet.

Negotiating Skills 127

Negotiating Skills Tips Cost Reduction Price Reduction 127

Ship Monk

JUNE 24, 2021

Regardless of how you slice it, a solid order fulfillment strategy is the backbone of your business. #2. Of course, mileage varies depending on your fulfillment partner, but the basic idea is that more manpower results in more opportunities for growth. My Fulfillment Strategy Is Too Complicated for a 3PL. You read that right!

Outsourcing 96

Outsourcing Expense Reduction Inventory Reduction Resource Reduction 96

GoShip Blog

MAY 11, 2021

Although it is hard to predict customer behavior and demand right now, analyzing your previous sales and operation strategy may help define mistakes and adapt your strategy to prevent those issues in the coming season. Expand relationships with suppliers & carriers.

Inventory Reduction 89

Inventory Reduction Expense Reduction Price Reduction Freight 89

GlobalTranz

SEPTEMBER 17, 2018

Supply chain leaders need to understand why logistics fundamentals will continue to shape e-commerce shipping strategy. Minor improvements in the warehouse management system can help fulfill more orders, but the entire process will fail without a focus on the transportation strategy. What’s Wrong With E-Commerce Shipping Practices?

Resource Reduction 74

Resource Reduction Cost Reduction Expense Reduction Inventory Reduction 74

Logistics Bureau

OCTOBER 9, 2023

Transportation costs: Freight rates, fuel and labour costs, and other transportation expenses. Competitor intelligence: Distribution strategies and network designs of your competitors. Inventory turnover: Inventory turns for each SKU. Transportation options: Costs and lead times for each available transportation mode.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Design Distribution Networks 98

Logistics Bureau

NOVEMBER 12, 2024

Of course this stage of planning can become pretty complex, and it will often pay to seek advice from equipment suppliers or even engage a consulting firm to help you develop your storage strategy. Identify Bottlenecks : Pinpoint areas where operations slow down or become inefficient, and develop strategies to address these issues.

Modeling Software 72

Modeling Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 72

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.

Supply Chain Planning Software 100

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

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. Innovation For IT Departments.

Manufacturing Procurement 101

Manufacturing Procurement Purchasing Skills Price Reduction Supply Chain Design Software 101

Logistics Viewpoints

APRIL 26, 2024

It will be interesting to see how these smugglers will change course when fossil fuels are completely replaced by renewables. Low-income citizens, who rely on the government’s Supplemental Nutrition Assistance Program (SNAP) to support their grocery budgets, would have to pay a reduced $4.99

Logistics Network Optimization Software 118

Logistics Network Optimization Software Material Savings Supply Chain Planning Software Cost Reduction 118

WorkWave

SEPTEMBER 6, 2023

B2Bs can simulate potential risks and challenges that may arise in their operations by experimenting with different strategies in a risk-free environment. Companies can identify the best course of action, minimize negative impacts and make more informed decisions.

Expense Reduction 96

Expense Reduction Cost Reduction Resource Reduction Scenario Planning 96

GlobalTranz

MARCH 12, 2015

Of course, that is a lofty goal and you may find yourself asking the question: what can I do from a more localized perspective? While some employers may look down upon this idea or see it is an added expense, in reality paid internships are a great investment into a company’s future. Do they still have those bean bag chairs?

Manufacturing Procurement 122

Manufacturing Procurement Sourcing Strategies Expense Reduction Modeling Software 122

TransAudit

DECEMBER 14, 2022

If you’ve filled up your gas tank recently, you’re probably abundantly aware of how expensive fuel is right now. Learning more about fuel costs and shipping will give you a better understanding of what’s going on and equip you with some strategies to help. The more fuel costs, the more expensive it is to ship items. New Routes.

Cost Reduction 72

Cost Reduction Purchasing Skills Price Reduction Expense Reduction 72

Logistics Viewpoints

JUNE 10, 2021

Leveraging different models of thinking, representing key metrics using data aggregation, exposing real anomalies, and recommending a course of action based on operating models will make businesses smarter. To fully understand our strategy, it is important to understand the differentiation between autonomous and automated.

Supply Chain Planning Software 95

Supply Chain Planning Software Modeling Software Optimization Software Logistics Network Optimization Software 95

EazyStock

JANUARY 27, 2021

In addition to shorter lead times, lower shipping costs, no tariffs and a typically lower MOQ, domestically-source products usually are higher quality – plus, sourcing domestically can work as an attractive marketing strategy. However, these tend to be less efficient and products are usually more expensive. Looking Ahead to 2021.

Supply Chain Software 96

Supply Chain Software Supply Chain Planning Software Inventory Reduction Inventory 96

GlobalTranz

JULY 6, 2015

However, robotics could eliminate any of these manufacturer concerns as the technologies become more widely used, affordable, and available. Robots have the potential to create a limitless workforce that does not have additional expenses on a company. Robotics also impact the efficiency and analysis of supply chain processes.

Manufacturing Procurement 110

Manufacturing Procurement Logistics Network Optimization Software Expense Reduction Sourcing Strategies 110

United World Transporation

JUNE 25, 2020

According to industry experts, fuel purchases can account for approximately 25% of a trucking company’s operating expenses. So, any opportunities to increase fuel efficiency and save money are valued in the industry, and fuel purchase routing is a commonly used strategy by many long-haul truck drivers. What is fuel purchase routing?

Procurement Solutions 98

Procurement Solutions Purchasing Skills Procurement Analytics Purchasing 98

FreightWaves SONAR

FEBRUARY 16, 2021

Of course, that all depends on seeing the activities that are occurring, benchmarking current carrier operations and continuously improving. Freight intelligence tools help management develop a more unified freight strategy. Knowing how fleets operate day in and day out will help provide a clear picture of efficiencies.

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

GlobalTranz

JANUARY 5, 2017

Some incentives are reducing UNIT PRICING. Reducing absolute quantities required. Reducing transportation costs by using the optimization of lanes and routes in the transportation management system (TMS). Should gain share be eliminated and moved to a different incentive? This is less expensive. 3PL Answer 3.

Cost Reduction 66

Cost Reduction Price Reduction Warehousing Waste Reduction 66