GlobalTranz

DECEMBER 2, 2014

We wanted to bring you some quick strategies and tips that can help your holiday shipping woes or at any time of the year where you experience an increase in shipping volumes. Holiday shipping prices for 2014 are pretty similar to what they were last year, only a bit higher. Truckload Holiday Shipping.

Cost Reduction 86

Cost Reduction Price Reduction Vendor Strategies Resource Reduction 86

Logistics Bureau

DECEMBER 6, 2024

A plan is necessary, possibly based on one of the following strategies. Hidden Opportunities for Supply Chain Cost Reductions Of course hidden costs, if you can find them, mean hidden opportunities. Much depends upon the nature of your supply chain operation of course. Reverse Logistics Strategy 1: Don’t do it!

Reverse logistics 74

Reverse logistics Cost Reduction Vendor Strategies Inventory Reduction 74

GlobalTranz

DECEMBER 11, 2018

Customers expect to get whatever they want, whenever they want, at the prices they want and the ability to change their minds up to the delivery time. This will require an LTL and e-commerce focused shipping strategy. Reduced paperwork errors. Increased accuracy in freight quoting, reducing accessorial or after-the-fact fees.

Price Reduction 54

Price Reduction Waste Reduction Cost Reduction Strategy 54

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 common goal for all categories of product is that they must be available at the right time, right quantity and right prices.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 98

Logistics Bureau

NOVEMBER 29, 2024

So everything in the retailer’s Supply Chain strategy needs to be focused on the customer, and of course the shareholders, that goes without saying. Effective retail supply chain management also helps to manage inventory levels, reduce waste and ultimately customer satisfaction. Price; this needs to be competitive.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 75

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 Viewpoints

JUNE 6, 2022

Transportation is, of course, a major source of green house emissions. Running more efficient routes, with more fully loaded trucks, saves money and reduces emissions. The desire to improve service, reduce cost, and reduce emissions, is part of the reason their customer Unilever selected their solution.

Cost Reduction 122

Cost Reduction Price Reduction Supply Chain Planning Software Scenario Planning 122

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

Freightos

SEPTEMBER 26, 2016

Overcapacity Could Be Maersk’s Salvation … and Strategy. These two graphs explain why Maersk is splitting its shipping business, which is reeling from overcapacity; from it’s energy business, which is reeling from low oil prices: As Tolstoy observed, “each unhappy family is unhappy it its own way.”

Cost Reduction 102

Cost Reduction Price Reduction Purchasing Skills Logistics Network Optimization Software 102

FreightWaves SONAR

FEBRUARY 25, 2021

However, the sheer amount of fees applied in the process to price freight for a load can amount to quite a hefty sum. . But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. ” This means knowing how a carrier or shipper approaches freight pricing.

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

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

Talking Logistics

FEBRUARY 27, 2019

Operational excellence, of course. The logistics industry has grown so complex, with so many challenges such as regulatory changes, capacity issues, pricing fluctuations, and worsening weather events, that customers are looking for a one-stop shop, backed by assets and technology, to help them navigate the current shipping environment.

Vendor Strategies 68

Vendor Strategies Price Reduction Logistics Network Optimization Software Modeling Software 68

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

ShipLilly

NOVEMBER 1, 2021

Of course, there are those who have an aggressive business strategy right from the outset. If you take such a strategy, you must have a top-grade marketing strategy to open opportunities for your expansion. To begin with, you can break even by reducing your costs.

Outsourcing 98

Outsourcing Price Reduction Cost Reduction Resource Reduction 98

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

MARCH 4, 2021

Yes, the need for shipping demand analytics is not new and was echoed in 2013 by Industry Week , “Relying on traditional supply chain execution systems is becoming increasingly more difficult, with a mix of global operating systems, pricing pressures and ever-increasing customer expectations.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

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

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

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

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

Blue Grace Logistics

NOVEMBER 21, 2023

a How to Navigate Your Supply Chain During Market Swings Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 21, 2023 In the realm of ever-fluctuating food prices, a pragmatic revolution is quietly taking place in the shopping carts of budget-conscious consumers.

Optimal Sourcing 117

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 117

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

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

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

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. Again, these are changes that can add to your cost-to-serve, and, during your transition, you might not have had time to look for ways to reduce expenditure. Rework – due to errors.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

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? Amazon did not invent the random storage approach. Book your free consultation.

Inventory Reduction 75

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 75

GlobalTranz

AUGUST 25, 2015

It is insufficient to approach freight costs management by simply reducing departmental budgets without rationales that are based on actuals along with calculations of myriad logistical factors included in freight costs. Job Territories. Third-Party Logistics (3PL). bean counter").

Negotiating Skills 109

Negotiating Skills Cost Reduction Optimal Sourcing Resource Reduction 109

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

DECEMBER 11, 2017

In other words, shippers must include the average cost of shipping when determining product price points and incorporated in a way that does not appear to cost more than shopping with a competitor, such as Amazon. Another strategy that is working the past to keep carriers from putting forth outrageous rate hikes is appeasement.

Price Reduction 64

Price Reduction Cost Reduction Resource Reduction Capacity 64

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

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

GlobalTranz

JANUARY 12, 2015

Growth drivers in domestic manufacturing include a sharp fall in the price of crude oil and natural gas, rising costs of labor in China and other host countries, and favorable conditions for manufacturing back home. Drop in the price of crude oil. Fall in the price of natural gas. Rising costs of labor in China and other places.

Manufacturing Procurement 117

Manufacturing Procurement Optimal Sourcing Price Reduction Cost Reduction 117

Blue Grace Logistics

MARCH 13, 2018

With capacity being tight these days, partnering with the right 3PL will increases the chances that your time-critical shipments will be delivered on time and at a competitive price. Is there a system in place to alert management when drivers divert course? Door to Door deliveries. Are trucks secured?

Cost Reduction 48

Cost Reduction Price Reduction 3PL Supply Chain Planning Software 48

GlobalTranz

FEBRUARY 28, 2018

Freight forwarders will interact with customers online and automate back office procedures to reduce delivery delays and associated costs. Compounding this problem, diesel costs are expected to increase, says Road Scholar Transport , and consumers are demanding low-price products and zero-cost shipping.

Vendor Strategies 57

Vendor Strategies Course Trends Cost Reduction 57