SYSPRO Smarter ERP

AUGUST 9, 2022

Digital transformation has quickly become an essential part of any successful business strategy which has also resulted in a skills gap. Investing in an ERP system and other business systems is an expensive exercise and by not investing resources into training and education, manufacturers will not get the full return on investment.

Course 105

Course Buyer Training Waste Reduction Expense Reduction 105

Logistics Bureau

DECEMBER 14, 2024

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. You also need to think about the indirect ways in which packaging can support supply chain cost reductions.

Cost Reduction 67

Cost Reduction Material Savings Expense Reduction Waste Reduction 67

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 79

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 79

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

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 133

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 133

Logistics Bureau

JANUARY 9, 2019

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. Mini Case Study: Walmart.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

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 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

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

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 109

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 109

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

Logistics Bureau

NOVEMBER 28, 2024

Now before you write off my statements as something you already knew, here’s a fact you might not be so familiar with: For your last mile services to compete successfully, you need to ensure that your entire supply chain (or at least the parts you can reasonably control) is set up to support a winning last-mile strategy.

Supply Chain Planning Software 85

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 85

Logistics Bureau

OCTOBER 26, 2024

Often, people think that supply chain consulting is about reducing costs. Well, as a supply chain consultancy , in our experience many companies begin to face challenges that arise which aren’t easy to resolve internally – but of course that’s a high-level and simplified catchall statement.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 91

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

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

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

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 Viewpoints

FEBRUARY 25, 2022

I thought I understood all the major supply chain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and Supply Chain Strategy beyond Covid-19. Now of course, companies must map out the potential impacts of the Russia Ukraine war. electricity generation in 2020.

Price Reduction 145

Price Reduction Supply Chain Planning Software Expense Reduction Logistics Network Optimization Software 145

Logistics Bureau

OCTOBER 4, 2024

Horizontal integration has become the go-to value chain strategy over the last two or three decades, to the point where companies that insisted upon remaining vertical became the outliers in a global field of distributed organisations. For Starbucks, vertical integration is a risk mitigation strategy.

Supply Chain Planning Software 85

Supply Chain Planning Software Supply Chain Software Supply Chains Material Savings 85

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 111

Supply Chain Design Software Supply Chain Design Distribution Networks 111

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

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

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 88

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 88

Logistics Bureau

NOVEMBER 3, 2024

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. If you want business success (and who doesn’t?),

Supply Chain Design Software 77

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 77

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

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 113

Supply Chain Planning Software Modeling Software Optimization Software Logistics Network Optimization Software 113

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 Inventory 89

Logistics Bureau

SEPTEMBER 20, 2022

By then, remediation could be highly disruptive—not to mention expensive. In the face of such a challenge, the ability to differentiate logistics expenses from other operational costs is an attractive prospect—and one seemingly achievable by paying a partner to manage logistics activity. In many cases, it doesn’t.

Outsourcing 116

Outsourcing Cost Reduction Resource Reduction Expense Reduction 116

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 74

Modeling Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 74

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

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

MAY 27, 2021

a large capital expense that typically requires five years of operation to achieve a full return on investment. Capacity can be easily ramped up or down due to product seasonality, holidays and of course global events such as the COVID-19 pandemic. Implement successful omnichannel strategies and business models.

eCommerce 160

eCommerce Optimal Sourcing Supply Chain Software Supply Chain Planning Software 160

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

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 102

Negotiating Skills Tips Cost Reduction Price Reduction 102

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