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 116

Cost Reduction Purchasing Skills Waste Reduction Material Savings 116

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 99

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 99

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. In a recent Forrester study, they found the problem to be poor quality data. Master Innovation.

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

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 164

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 164

GlobalTranz

JANUARY 21, 2015

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. What is Reverse Marketing?

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

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 119

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 119

Logistics Viewpoints

FEBRUARY 28, 2023

Of course, the key to inventory is having the right amount in the right location at the right time to meet customer demand, or face overstocks, high holding costs and eventual markdowns—or alternatively, overpromising, stockouts and lost sales. So how can an Order Management System (OMS) give you an upper hand in the market?

Optimal Sourcing 130

Optimal Sourcing Inventory Reduction Sourcing Strategies Vendor Strategies 130

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. In fact, the annual ChainLink Research Study found innovation to be the top focus for those involved in the manufacturing community. Innovation For IT Departments.

Manufacturing Procurement 101

Manufacturing Procurement Purchasing Skills Price Reduction Supply Chain Design Software 101

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 82

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 82

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? Sure, we can talk endlessly about our warehouse automation and cool robotics , outstanding service , or award-winning warehouse management system , but that’s not nearly as believable as our case studies and customer testimonials.

eCommerce 105

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 105

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 131

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 131

Logistics Bureau

JANUARY 9, 2019

Of course, it is helpful to have some statistics on hand to validate the statement above. Again then, it’s not difficult to see how the financial health of a business depends on that of the supply chain, or how probable it is that supply chain costs feature strongly in the demise of many companies that become insolvent.

Supply Chain Design Software 118

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

Logistics Bureau

MAY 30, 2022

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. For example: Alignment of strategy and cost leads to happy shareholders. Alignment of cost and service is good news for your customers. Why does the C-suite want the three pillars aligned?

Inventory Reduction 117

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 117

Logistics Bureau

DECEMBER 9, 2019

Instead, it continues, to include the entire lifecycle of a product, from sourcing of raw materials, to the return and recycling of the product, and reintroduction of recycled materials into the manufacturing or production process. In short, the supply chain is no longer linear, but circular. The Challenges of SME Internationalisation.

Supply Chain Software 128

Supply Chain Software Logistics Network Optimization Software Supply Chains Trends 128

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. Previously, purchasing an ERP required a large capital spend. SaaS (Software as a Service).

ERP 105

ERP Modeling Software Tips Procurement Solutions 105

Logistics Viewpoints

MARCH 14, 2022

I had studied TV script writing at the University of Cape Town with Roy. And we reconnected and bonded over the course of a few weeks. And neither of us had studied business. But we believed, because we had studied TV script writing, that we knew how to pitch. Could you please give us your wholesale pricing sheet?’.

Optimal Sourcing 136

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Modeling Software 136

Logistics Bureau

OCTOBER 28, 2020

Confusing Strategic with Single (Sourcing). Single sourcing is a supply chain trend which can easily lead to mistakes for small and medium-sized businesses, especially if it’s chosen as a strategy without regard to the potential risks. It’s certainly something to consider if you currently maintain a single-sourcing strategy.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 89

Ship Monk

JULY 5, 2022

Studies show that more than 70% of fulfillment warehouses that use AMRs have reached double-digit improvements, which leads to immense growth for eCommerce merchants. In a recent whitepaper ABI Research asserted that AMR purchases are predicted to increase 65% in 2022. There are, of course, many types of AMRs to choose from.

Supply Chain Software 111

Supply Chain Software Supply Chain Design Software Optimization Software 3PL 111

Bringg

AUGUST 5, 2020

Customers save on the cost of delivery, and enjoy the speed and convenience of picking up their order from a nearby location when it suits them. Customers benefit from the speed, low cost, and convenience of the fulfillment model. What makes Click & Collect a success with shoppers. Click & collect vs. hyperlocal delivery.

Trends 118

Trends Modeling Software Optimization Software Optimization Modeling 118

Ship Monk

APRIL 26, 2023

A 2020 ecommerce shipping study determined that 27% of shoppers will choose one ecommerce brand over the other based on speed of delivery options. 2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. Sound simple?

eCommerce 98

eCommerce Purchasing Skills Eliminating Excel in Purchasing Procurement Solutions 98

FLS Transport

FEBRUARY 10, 2021

Of course, there’s a massive need for more capacity right now and that’s largely what’s driving the purchases. The latest data from FreightWaves shows the Van Contract Base Rate per Mile, which covers long-term pricing agreements, was indeed 12% higher on average through peak season. Trying to time the market exhausts shippers.

Procurement Analytics 98

Procurement Analytics Freight Purchasing Skills Trucking 98

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

LandLink

JANUARY 15, 2020

Retailers are offering the most aggressive return policies in history but at what cost. alone, Statista estimates return deliveries will cost $550 billion by 2020, 75.2% Nailing down exact numbers on return rates is notoriously difficult, but compiled data from separate sources paints a bleak portrait, especially for online retailers.

Purchasing Skills 63

Purchasing Skills Procurement Analytics Expense Reduction Cost Reduction 63

Logistics Bureau

DECEMBER 7, 2024

However, it corresponds to the amount of money you need to keep your supply chain working, so in reality, you want to decrease it without hurting supply chain performance, of course. Companies can either seek to reduce the levels of inventory they hold or reduce the unit costs of inventory. The second lever is inventory management.

Material Savings 69

Material Savings Inventory Reduction Cost Reduction Vendor Strategies 69

WorkWave

SEPTEMBER 14, 2022

While some business ventures require entrepreneurs to have advanced degrees or a large amount of capital to cover startup costs, that is not always the case. If you are a creative person with skills such as video production, photography, or writing, then you can create a home-based business working in content creation or digital marketing.

Purchasing Skills 52

Purchasing Skills Cost Reduction Optimization Software Procurement Solutions 52

GlobalTranz

SEPTEMBER 23, 2015

Supply Chain big data is the ultimate compilation of data gathered in the course of business. Big data is collected from a variety of sources, such as internet websites, transportation management systems, individual-employee data entry, and more. What Is Supply Chain Big Data? Customer Expectations.

Supply Chain Design Software 108

Supply Chain Design Software Supply Chain Software Supply Chain Design Procurement Analytics 108

Logistics Viewpoints

MARCH 20, 2023

Based on ARC Advisory Group’s recently released study of the market, this puts them in the top 5. Planners in China rely on different data sources and operate with different business practices than those in North America. But, of course, over the course of a month the demand and supply pictures change.

Supply Chain Planning Software 140

Supply Chain Planning Software Modeling Software Procurement Solutions Supply Chain Software 140

Kanban Logistics

AUGUST 13, 2020

Right now, your buyers probably spend a good percentage of their time negotiating with, and procuring goods from, makers of boxes, nuts, bolts, and other consumable parts and materials. By allowing your 3PL provider to purchase non-strategic materials on your behalf , you’ll reap the following rewards: Keep your cash longer.

Manufacturing Procurement 98

Manufacturing Procurement Inbound 3PL Material Savings 98

Freightos

OCTOBER 26, 2020

The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Oil prices tanked, cancellations increased and Maersk drilling and supply chain services would run up nearly $2 billion dollars in annual losses. Meanwhile, Maersk’s energy business was being hammered.

Logistics Network Optimization Software 125

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Price Reduction 125

Ship Monk

JANUARY 7, 2021

Before 2020, there was a clear distinction between online and offline purchases. Of course, all of that changed with COVID-19 , which forced the world to rely on eCommerce in order to fulfill basic needs like buying fresh produce or racing to secure a pack of toilet paper. New Buying Habits. Sustainable Consumerism.

eCommerce 98

eCommerce Trends Logistics Network Optimization Software Purchasing Skills 98

Ship Monk

APRIL 28, 2023

All sorts of organizations have run studies on eco-friendly attitudes in the ecommerce industry, and we have amazingly positive news to share about what buyers are thinking. Of US adults surveyed , 69% say environmental impact is important when making a purchasing decision. We have proof. Tell customers what you are supporting and why.

eCommerce 97

eCommerce Waste Reduction How To Material Savings 97

Logistics Bureau

SEPTEMBER 28, 2020

There are, of course, some other important differences between the two types of providers: 4PL is, in general, better suited for medium-to-large businesses , while 3PL is more suited to small-to-medium businesses. According to a study by The Insight Partners , the global 4PL market was valued in terms of revenue at $56,472.1

4PL 118

4PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software 118

Logistics Viewpoints

FEBRUARY 8, 2022

As physical stores opened, shut down and re-opened again, consumers became more flexible in the way they shop for, and purchase, just about every product. due to the higher costs associated with online selling. If 2020 and if 2021 proved anything, it’s that the omni-channel selling environment is here to stay.

Optimal Sourcing 123

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 123

Logistics Bureau

NOVEMBER 3, 2024

Of course, it is helpful to have some statistics on hand to validate the statement above. Again then, it’s not difficult to see how the financial health of a business depends on that of the supply chain, or how probable it is that supply chain costs feature strongly in the demise of many companies that become insolvent.

Supply Chain Design Software 71

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 71

GlobalTranz

JULY 8, 2015

While businesses want to believe moving forward through selling product is the only way to achieve success, reality tells of customer returns, environmental considerations for equipment recycling and reuse, cost management, and the effective management of all the aspects between the three. Cost Management. Reverse logistics.

Reverse logistics 110

Reverse logistics Material Savings Cost Reduction Logistics Network Optimization Software 110

GlobalTranz

AUGUST 9, 2016

The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. It is surprising how far people walk in the course of a year in many processes. Understand Transportation Cost Structure. Right Service.

Waste Reduction 53

Waste Reduction Cost Reduction Inventory Reduction Price Reduction 53

GlobalTranz

MAY 5, 2016

The studies of science, technology, engineering and math (STEM) have shaped the logistics industry into what it is today. Emerging Technical Studies. Students studying the field of logistics work with innovation in mind , always striving to improve current logistics processes and eliminate product inefficiencies.

Logistics Network Optimization Software 61

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Industry 61