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 126

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 126

The Logistics of Logistics

MAY 9, 2022

Ben is VP of Account Management at Loadsmart , which is transforming the future of freight, they leverage artificial intelligence, machine learning and strategic partnerships to automate how freight is priced, booked and shipped. Of course, some of the industry leaders like Loadsmart are delivering these innovations today.

Optimization Software 195

Optimization Software Freight Modeling Software Price Reduction 195

The Logistics of Logistics

JULY 2, 2021

Ben is VP of Account Management at Loadsmart , which is transforming the future of freight, they leverage artificial intelligence, machine learning and strategic partnerships to automate how freight is priced, booked and shipped. Of course, some of the industry leaders like Loadsmart are delivering these innovations today.

Freight 195

Freight Optimization Software Price Reduction Modeling Software 195

AIMMS

SEPTEMBER 28, 2020

Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. The report outlines the tools with the highest transformational benefits and capabilities that are becoming standard business practices. Firefighting is the norm. Network Design.

Supply Chain Design Software 166

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 166

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 73

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 73

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 103

Negotiating Skills Purchasing Skills Cost Reduction Analysis 103

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 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

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

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

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 102

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 102

AIMMS

FEBRUARY 3, 2020

Moving past waste, water, and C02 reduction, they have begun searching for renewable energy sources, different forms of packaging, and increased efficiency overall. Pepsi announced that they are aiming to cut 20% of their emissions by 2030 and their U.S. Here are three trends to consider. . Sustainability on the agenda.

Supply Chain Planning Software 103

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 103

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 61

Vendor Strategies Price Reduction Logistics Network Optimization Software Modeling Software 61

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

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 122

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Price Reduction 122

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

Logistics Viewpoints

SEPTEMBER 1, 2023

And when I think of going back to school, I think of a rite of passage that most kids enjoyed: watching the Price is Right on a sick day. Earlier this week, longtime host of the Price is Right, Bob Barker, passed away at the age of 99. UPS reduced July flights by 14 percent from June. The Last Mile Delivery Academy is at 6150 N.

Logistics Network Optimization Software 146

Logistics Network Optimization Software Purchasing Skills Negotiating Skills Price Reduction 146

United World Transporation

JUNE 25, 2020

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. PC Miler utilizes a customized pricing model that depends on a user’s requirements, but you can expect to pay $39.95-469.95/month month per user.

Procurement Solutions 98

Procurement Solutions Purchasing Skills Procurement Analytics Purchasing 98

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

FreightWaves SONAR

JANUARY 5, 2021

Carriers simply need to know where to send trucks and the proper freight rating or pricing strategies to use. Of course, it is also critical to apply data across all activities to identify which loads are ripe for the taking. That will go a long way in reducing operating ratios and increasing fleet utilization.

Data 88

Data Price Reduction Freight Resource Reduction 88

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

WorkWave

JULY 31, 2019

When running a local service business, social advertising across Facebook and Instagram can be a powerful tool if executed correctly. 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. Set Up Tracking.

Waste Reduction 58

Waste Reduction Price Reduction Strategy How To 58

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 80

Supply Chain Planning Software Supply Chain Software Supply Chains Material Savings 80

WorkWave

AUGUST 10, 2022

If you’re tired of spending your weekends mowing the lawn , a robot lawnmower is the tool for you. These amazing little machines cut your grass into super-fine clippings that become a mulch for your lawn–no more bagging lawn clippings! With the convenience of a robotic mower comes a pretty hefty price tag. Rating: 4.7/5.

Expense Reduction 98

Expense Reduction Price Reduction Modeling Software Cost Reduction 98

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

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 68

Modeling Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 68

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. Weight and Dimensional Pricing. Rate Types. Negotiations. Surcharges.

Negotiating Skills 49

Negotiating Skills Price Reduction Cost Reduction Waste Reduction 49

Logistics Bureau

AUGUST 7, 2023

Standardise and Digitise The key to managing complexity, of course, is to be organised. We’ll be pleased to assist you in implementing methods to sense customer demand more accurately, enhancing your ability to optimise inventory levels, reduce stock-outs, reduce carrying costs—and ultimately increase profitability.

Inventory Reduction 104

Inventory Reduction eCommerce Inventory Procurement Solutions 104

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 66

Cost Reduction Logistics Network Optimization Software Price Reduction Sourcing Strategies 66

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. Cutting these extraneous costs is one of the ‘no-brainer’ ways to save money in 2021.

Supply Chain Software 96

Supply Chain Software Supply Chain Planning Software Inventory Reduction Supply Chains 96

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. The answer is to benchmark your freight, of course. What is Freight Benchmarking?

Negotiating Skills 95

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 95

Conger

JANUARY 17, 2023

Warehouse 5S is a lean management strategy that helps warehouses accomplish a basic objective: making problems visible. The 5S model is named for five Japanese terms that capture its core philosophy — waste reduction and improved efficiency. Some common sorting strategies include: General cleaning of an area.

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 52

GlobalTranz

MAY 23, 2018

How DIM rating works DIM weight rating is the pricing technique carriers use to determine shipping costs based on weight, distance, and carton size instead of just weight and distance. The shipping cost is priced according to the higher of either the DIM weight or the actual weight. DOWNLOAD WHITEPAPER. NEW WHITEPAPER.

Cost Reduction 57

Cost Reduction Price Reduction Packaging Waste Reduction 57

SYSPRO Smarter ERP

NOVEMBER 17, 2021

With a solid business strategy, and a strong foundation of knowledge, you can determine the best course of action for your manufacturing business and take advantage of an ERP system to streamline business processes and maximize profitability. MYTH: Price is the most important selection criteria when choosing an ERP.

ERP 105

ERP Modeling Software Tips Procurement Solutions 105

Logistics Viewpoints

NOVEMBER 21, 2022

Those brands include Pepsi, of course, but also Lay’s, Quaker, Doritos, Cheetos, and Gatorade. Because of the food giant’s size, their sustainability strategy also is very broad. The focus of my interview with Mr. Andrew was the company’s efforts to reduce greenhouse gas (GHG) emissions across their end-to-end value chain.

Food and Agriculture 120

Food and Agriculture Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 120

FreightWaves SONAR

DECEMBER 21, 2020

Transportation analytics is among the most effective tools in trucking contract negotiations. Of course, that depends on securing shipping data insights well in advance of disruptions’ arrival. Failure to secure dynamic pricing mechanisms leads to unneeded mini-bids. Contracts leave little room for severe market fluctuations.

Negotiating Skills 76

Negotiating Skills Trucking Price Reduction Cost Reduction 76

Logistics Bureau

DECEMBER 28, 2024

This loss of focus can result in under performance and revenue reduction. Reduction in Asset Capital Warehouses and vehicles are expensive to purchase or lease and can tie up millions of dollars that could otherwise be invested in the core business of the firm. So for many enterprises, flexibility and scalability are sacrosanct.

Outsourcing 62

Outsourcing Inventory Reduction Cost Reduction Price Reduction 62