Logistics Bureau

DECEMBER 22, 2024

Of course, the big challenge in this type of external benchmarking is obtaining the necessary data, since many companies are wary of sharing performance data with potential competitors. Of course, its also possible to add further tiers for even more granularity, but again, the more levels you have, the more complex your KPI solution.

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

Logistics Bureau

NOVEMBER 14, 2018

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. How Much Does It “Cost to Serve” Your Customer? It costs you a certain amount to make a product. Sales organisation costs.

Purchasing Skills 93

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 93

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. Emergency Purchase Rate.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Logistics Bureau

JANUARY 13, 2025

It’s typically more cost-effective per unit and provides faster transit times since the truck goes directly to its destination. Pricing Structure: Remember those simple shipping options you see when shopping online? Types of Shipments In B2B freight, size really does matter. The likelihood is that you did.

Purchasing Skills 40

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 40

Logistics Bureau

MAY 31, 2021

If yours is one of those businesses shifting from traditional to online retail, you’ve probably faced some of the logistical challenges arising from the need to deliver your customers’ purchases to them. Perhaps you haven’t had much opportunity, amid the turmoil, to consider the cost to serve your online customers.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

Logistics Bureau

NOVEMBER 6, 2023

Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.

Cost Reduction 98

Cost Reduction Purchasing Skills Waste Reduction Material Savings 98

Logistics Bureau

JUNE 5, 2023

If your company operates a distribution fleet, you’ll know that the costs of running trucks for customer deliveries are continually increasing. In this post, we’re sharing our top tips for cost reduction in each of these three areas, so let’s get to it, beginning with truck expenditure. It’s a fair question.

Cost Reduction 91

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 91

MTS Logistics

APRIL 27, 2020

It is a trick made possible by “derivatives”, contracts in which an agreement is made for future delivery at a predetermined price. If the value falls below this price, the seller earns, and if vice versa, the buyer gains. This introduction is necessary to understand what is happening and why oil prices went below zero.

Price Reduction 68

Price Reduction Purchasing Skills Expense Reduction Cost Reduction 68

TransAudit

DECEMBER 14, 2022

Fuel for all sorts of vessels has jumped in price over the last year or two. When fuel prices rise, so do shipping prices. 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. How Fuel Costs Raise Shipping Prices.

Cost Reduction 72

Cost Reduction Purchasing Skills Price Reduction Expense Reduction 72

Material Handling and Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. Start by making the purchasing experience a pleasure rather than a hassle. How do you do that?

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

MTS Logistics

MAY 6, 2020

While there’s no way to avoid shipping costs when running an online store. After choosing a shipping service – as well as entering the weight and dimensions of your package if it’s an adjustable-rate service – the calculator will reveal the cost of shipping the package with the respective courier.

Negotiating Skills 63

Negotiating Skills Purchasing Skills Cost Reduction Procurement Solutions 63

Logistics Bureau

JANUARY 3, 2025

Transportation options: Costs and lead times for each available transportation mode. Transportation costs: Freight rates, fuel and labour costs, and other transportation expenses. Fixed costs: Distribution centre fixed costs, such as rent, utilities, and equipment. Inventory turnover: Inventory turns for each SKU.

Supply Chain Design Software 75

Supply Chain Design Software Supply Chain Design Distribution Networks 75

WorkWave

OCTOBER 1, 2022

Cost estimates range on average from a meager 8 cents to 26 cents per square foot, making it affordable and a practical quick-growing solution. Several factors influence the hydroseeding prices on your property: land quality, location, and plot size. One of the reasons hydroseeding is cost-effective is the quick return.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Price Reduction Cost Reduction 52

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.

Negotiating Skills 96

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 96

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 98

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 Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. This approach results in inefficiencies, higher costs, and missed opportunities. These costs fall within the “Cost of Goods Sold” components of the company’s financial statement.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 98

FreightWaves SONAR

SEPTEMBER 20, 2021

There is a scene in Curb Your Enthusiasm where Larry David, who had never before purchased illegal drugs, asks a dealer, “Is that a fair price you’re quoting me?” In addition to whether shippers are being charged a fair price, there is also the question of whether shippers are getting what they are paying for.

White Paper 98

White Paper Negotiating Skills Purchasing Skills Freight 98

United World Transporation

MAY 20, 2021

The question is, how much will it cost to start a trucking business? Continue reading below to find out how much it will cost you to start your own trucking business. There’s are usually rolled into one filing cost of $300. For up to two trucks, it costs $69, and from three to five, the fee is $206. Equipment Cost.

Purchasing Skills 77

Purchasing Skills Trucking Eliminating Excel in Purchasing Material Savings 77

FreightWaves SONAR

MARCH 4, 2021

Truckload freight and transportation costs make up a large part of most logistical spending for shipping companies across the country. With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. All of these challenges potentially create waste in your supply chain.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

Log-hub

DECEMBER 10, 2024

Businesses can significantly reduce costs by recovering value from returned or unsold goods. High Cost and Complex Processes Managing returns requires additional expenses for transportation, storage, and labor. Apple carefully evaluates returned devices, refurbishing those in good condition to resell at lower prices.

Reverse logistics 40

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

Logistics Viewpoints

APRIL 13, 2022

Source: Osha Certified Warehouse Worker. Of course, virtually everyone relied upon direct-to-consumer fulfillment at some point during the COVID-19 lockdowns, placing widespread reliance on warehousing capabilities. Warehouse labor has been in the news quite a bit lately. I was mostly wrong. Maybe, maybe not. But it made me wonder.

Purchasing Skills 107

Purchasing Skills Procurement Analytics Logistics Network Optimization Software Optimal Sourcing 107

Trinity Logistics

AUGUST 23, 2024

A few months into 2023, YRC and the Teamsters Union engaged in back-and-forth negotiations. A company that was in financial disarray was now losing its primary source of revenue. The Teamsters had not agreed to the negotiations, and the 11 th hour came and went. The LTL carriers have course-corrected their capacity concerns.

Industry 127

Industry Purchasing Skills Negotiating Skills Logistics Network Optimization Software 127

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. Those negotiations resulted in a tentative agreement that is now undergoing a ratification vote.

Logistics Network Optimization Software 114

Logistics Network Optimization Software Purchasing Skills Negotiating Skills Price Reduction 114

Logistics Viewpoints

MARCH 1, 2021

. – explained that when conducting manufacturing volume forecasts for budget purposes, the company would look at demand, production capacity, product specifications, seasonality, asset location, costs/duties and new product introduction amongst other criteria to satisfy regional volume demands. It was predictable.

Supply Chain Design Software 103

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 103

Logistics Viewpoints

SEPTEMBER 6, 2023

The authors mention Amazon’s use of AI to suggest items to shoppers they may be interested in purchasing, based on past activity. Expedited shipping could reduce shipping wait times, but with a substantial cost increase. Of course, the progress of Amazon Prime over the last decade has leveled the playing field quite a bit.

Inventory Reduction 124

Inventory Reduction Purchasing Skills Cost Reduction Modeling Software 124

Logistics Viewpoints

JULY 11, 2022

These increasing labor costs occurred while Amazon was nearly doubled the size of their workforce over the course of two years. In many cases, Amazon can deliver these packages within hours of purchase. Amazon reported $2 billion in incremental costs from having excess fulfillment and transportation capacity. and Europe.

Networks 117

Networks Purchasing Skills Supply Chain Planning Software Supply Chain Design Software 117

WorkWave

JUNE 30, 2021

Of course, there are some benefits—as well as challenges—with this model. This allows you to take on new clients without hiring more crew members or budgeting for the costs that come with growing your workforce. Initial Setup Costs. Can lawn and landscape professionals finally hop on the robotic lawn mower movement?

Cost Reduction 98

Cost Reduction Expense Reduction Price Reduction Purchasing Skills 98

Logistics Viewpoints

FEBRUARY 7, 2022

This new metal 3D printing technology could revolutionize the way large industrial products like planes and cars are made, reducing the cost and improving the resilience of US supply chains. More SKUs available from local warehouses could also mean quicker replenishment cycles parts that are purchased infrequently.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Design Software Supply Chain Software Supply Chain Design 111

Material Handling and Logistics

FEBRUARY 19, 2018

purchasing/procurement manager with a manufacturer of building equipment with 21-25 years of experience, living in the South Atlantic region and earning $36,00. That’s assuming you’ve got the regulatory background to succeed in that industry, of course, as well as the necessary skills a specific company might be seeking.

Survey 118

Survey Manufacturing Procurement Materials Handling Optimal Sourcing 118

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats.

Supply Chain Planning Software 111

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 111

Logistics Bureau

OCTOBER 10, 2022

Inventory costs too high? For example, you can optimise for cost, profit, or service, but not for all of them. Alternatively, you can focus on profit and accept tradeoffs in service and costs or concentrate on the cost and accept service and profit tradeoffs. Too much inventory in your distribution network?

Inventory Reduction 105

Inventory Reduction Inventory Optimization Modeling Optimization Software 105

Logistics Bureau

APRIL 18, 2019

Source: Council of Supply Chain Management Professionals 2017 Survey. Of course the same is true in many professions, but is particularly so in the arena of supply chain and logistics. Let’s look at them from the perspective of the supply-chain Plan, Make, Source, and Deliver model. Purchasing Manager. –Dwight D.

Manufacturing Procurement 89

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 89

ShipLilly

JUNE 28, 2021

The rate of return for products, otherwise known as reverse logistics, can be mitigated when suppliers work to improve the speed, cost, and efficiency of shipping goods. Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

Ship Monk

SEPTEMBER 6, 2022

One of the most irksome tasks of owning an eCommerce business is keeping track of inventory—not just the number of units, but their costs. Of course there are eCommerce fulfillment software and inventory management systems that can do this for you, but every business owner should know the basics of inventory accounting methods.

Purchasing Skills 52

Purchasing Skills eCommerce Inventory Procurement Solutions 52

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. Companies with global supply chains—a category which includes a fast-growing number of corporations, medium-sized companies, and even small businesses—can be standing on a cost base of which 90% is attributable to supply chain expenditure. .

Supply Chain Design Software 111

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

Ship Monk

FEBRUARY 16, 2023

Offering the preferred, faster 2-Day shipping option could eat away at your profit if you support the cost entirely. Over 50% of online shoppers stated they’d abandoned baskets at some point due to delivery costs. So the question becomes: is it possible to offer 2-Day shipping at an affordable price?

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52