Logistics Viewpoints

APRIL 6, 2023

The shift from traditional purchasing to a collaborative supply chain network is not just a change in nomenclature; it represents a fundamental transformation in the way organizations manage their supply chains. The costs associated with purchasing these items hit the “operational expenses” components of the company’s financial statements.

Optimal Sourcing 129

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 129

Material Handling and Logistics

OCTOBER 30, 2018

Start by making the purchasing experience a pleasure rather than a hassle. A leading Telecom provider realized they had an untapped source of revenue in used handsets so configured their sourcing tool to run forward auctions, generating tens of millions in new revenue. How do you do that?

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

Logistics Bureau

DECEMBER 9, 2019

Of course, there can be no stronger motivation than legislation, but money comes a very close second, and the potential cost savings offered by the circular supply chain are substantial. Meanwhile, more third-party agencies and organisations, including governments, are pushing the sustainability agenda. How can such performance be possible?

Supply Chain Software 128

Supply Chain Software Logistics Network Optimization Software Supply Chains Trends 128

Logistics Viewpoints

SEPTEMBER 1, 2023

Until now, the minimum purchase for free shipping has been $25. Before an Amazon delivery driver ever drops a package on someone’s doorstep in metro Denver, they have likely gone through a three-day course developed locally, one that could eventually serve as a model of delivery driver training across the country. Downing St.

Logistics Network Optimization Software 150

Logistics Network Optimization Software Purchasing Skills Negotiating Skills Price Reduction 150

Ship Monk

FEBRUARY 3, 2024

These people are genuinely interested in your product — so much so, that they have purchased your products. Email vs. Other Forms of Communication For many years, email has been the gold standard of communication tools for DTC businesses. Of course, what you say is just as important as how you say it. The downside?

eCommerce 105

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 105

Logistics Viewpoints

APRIL 13, 2022

Of course, virtually everyone relied upon direct-to-consumer fulfillment at some point during the COVID-19 lockdowns, placing widespread reliance on warehousing capabilities. It seems like the worker-employer relationships at these facilities are being utilized by both sides as a tool for furthering interests with broader implications.

Purchasing Skills 146

Purchasing Skills Procurement Analytics Logistics Network Optimization Software Optimal Sourcing 146

GlobalTranz

MAY 27, 2015

Obviously, a lot of manufacturing equipment buyers wait for the show before committing to purchase and of course a lot of orders are set up to be taken at the show as well! At the trough of the recessions in 2003 and 2009, only $100 million worth of equipment was being purchased. It was, however, slower in and slower out.

Manufacturing Procurement 94

Manufacturing Procurement Procurement Analytics Data Modeling Software 94

Logistics Viewpoints

MAY 19, 2022

And if the tools don’t allow flexibility for the planner using them, the resulting rigidity can limit their utility and planners resort to manual estimates. Scenarios allow planners to ask all kinds of what-if questions to help determine the best course of action under a variety of future outcomes. Now that’s an ROI!

Optimal Sourcing 153

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 153

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? Of course, sometimes following the herd can lead us astray. Adding social proof to your website, product pages, and marketing tools builds trust in your product. That’s a mind-blowing statistic. Low-cut jeans come to mind.)

eCommerce 105

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 105

Logistics Viewpoints

OCTOBER 24, 2024

It is a brilliant tool.” At one of the demo booths, what stood out was the ability of the procurement solution to track savings leakage over the course of a contract. The solution breaks down spending by categories and derives “new subcategories that we didn’t know even existed. My advice,” he concluded, “is just jump in.

SAP 142

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 142

Ship Monk

MARCH 30, 2024

We’re talking the tools, technology, and team members who set you up for success on all fronts. MonkProtect MonkProtect is a post-purchase suite that helps ecommerce brands “stress less and grow more” by protecting ecommerce orders. Have more questions? Overall, our 3PL is in the business of growth.

3PL 105

3PL Supply Chain Design Software Optimization Software Supply Chain Software 105

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. If university study is a little beyond you right now, one of the certification courses might work better for you. Sea Change—A Supply Chain Career is now seen as ‘Cool’. Data Managers. Finance managers.

Supply Chain Planning Software 118

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 118

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. It sounds simple, but the floor squeegee was once considered an innovative business tool. Innovation Allows For Healthy Competition.

Manufacturing Procurement 101

Manufacturing Procurement Purchasing Skills Price Reduction Supply Chain Design Software 101

Logistics Viewpoints

MARCH 1, 2021

But in 2016, Philip Morris International decided to change the course of its history by leading a transformation in the tobacco industry to create a smoke-free future based on products, which while not risk-free—are a better choice for adult smokers than continuing to smoke. The tool was able to create a model going out multiple years.

Supply Chain Design Software 119

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

Ship Monk

APRIL 5, 2024

Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. End relationships with uncooperative vendors whose goods can easily be purchased elsewhere. Set up a system for tracking the market price of goods you’re purchasing, and research other suppliers you might consider.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105

Ship Monk

JUNE 20, 2022

And, of course , that the page they’re on is informed, thorough, and forward-thinking. In the fulfillment industry where increasing demand, geographical obstacles, rising costs, and complex supply chains are more temperamental than a Jack Russell Terrier hyped up on sugar, it is vital that 3PL team members are on the same page.

3PL 98

3PL eCommerce Supply Chain Software Procurement Solutions 98

ShipLilly

JUNE 28, 2021

Companies have made it easier for customers to return products to maintain a competitive edge over other companies but as a result, nearly half of the products that are purchased are sent back to their suppliers, and returns have increased dramatically. As more people continue to purchase products online, the cost of transportation is rising.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

GlobalTranz

JULY 6, 2015

Consumers want their products, which they have paid for, and faster, more efficient processes, from the manufacturing to delivery, will encourage repeat purchases, and therefore, company growth and success. For example, humans must create build an item from the inside out, as our tools only allow us to perform certain actions.

Manufacturing Procurement 110

Manufacturing Procurement Logistics Network Optimization Software Expense Reduction Sourcing Strategies 110

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. Potential Factors in Declining Margins To get to the root of the problem, understanding the costs of production or purchasing will be a necessary starting point, but typically, more information will be needed.

Negotiating Skills 103

Negotiating Skills Purchasing Skills Cost Reduction Analysis 103

Logistics Bureau

APRIL 4, 2022

The answer is to benchmark your freight, of course. The range of such tools is growing along with demand, so you should be able to find one that matches your budgetary and capability requirements. The Pros and Cons of Procuring a Benchmarking Tool. So how can you be sure you’re getting the best freight rates possible?

Negotiating Skills 95

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

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

Ship Monk

OCTOBER 7, 2020

When brick-and-mortar stores closed earlier this year, the world didn’t have much choice but to direct their purchases virtually. Of course, crazy high order volume doesn’t just come out of nowhere. Of course, crazy high order volume doesn’t just come out of nowhere. Fitness equipment Bakeware Craft supplies Gardening tools.

eCommerce 98

eCommerce Supply Chain Planning Software Procurement Solutions Purchasing Skills 98

GlobalTranz

JUNE 1, 2015

“5S” programs are taught in some business college courses, and the SCOR model is also utilized. enhanced flexibility to accommodate variables in customers’ purchasing patterns. cuts purchasing costs. There are multiple good models for lean manufacturing operations. and more pro-active problem solving.

Manufacturing Procurement 133

Manufacturing Procurement Inventory Reduction Waste Reduction Cost Reduction 133

Logistics Viewpoints

MARCH 26, 2021

Dublin-based Evocco lets you track, improve, and offset the climate impact of your food purchases based on your receipt. Port congestion has caused a lot of shipping delays over the course of the last year. As I mentioned earlier this week, Amazon is continuing its course of supply chain innovation.

Logistics Network Optimization Software 24

Logistics Network Optimization Software Manufacturing Procurement Supply Chain Planning Software Vendor Strategies 24

Ship Monk

APRIL 10, 2024

We continuously drive the industry forward with innovation, but our capacity to create tools and technology that make the complex world of ecommerce efficient, cost-effective, and much easier for brands, well, that’s where the heart of our business is. That element can make or break a business.

Logistics Network Optimization Software 111

Logistics Network Optimization Software Optimization Software Procurement Solutions eCommerce 111

Ship Monk

AUGUST 20, 2021

Before you jump on any purchases or investments, see if they’re a need-to-have, a must-have, or somewhere in between. Of course, it’s the hardest lessons that are always worth learning. When an online startup is armed with the right tools and a can-do attitude, there’s little that it can’t accomplish. Listen and Learn.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software eCommerce Manufacturing Procurement 98

Envase Technologies

JULY 21, 2022

Without question, the largest cost incurred by any small trucking company is the purchase of fuel. Well managed fuel programs can provide excellent opportunities for savings on fuel purchases. We offer one, and participating companies saved close to 15 percent on their fuel purchases in the first 20 days of July. We can help.

Procurement Solutions 75

Procurement Solutions Purchasing Skills Eliminating Excel in Purchasing Optimization Software 75

Ship Monk

APRIL 26, 2023

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. Yes, site design, advertising, branding, and, of course, product design have an impact on customer acquisition. Sound simple? The remarketing possibilities are abundant!

eCommerce 98

eCommerce Purchasing Skills Eliminating Excel in Purchasing Procurement Solutions 98

Logistics Viewpoints

SEPTEMBER 9, 2022

The company touted itself as the “world’s largest corporate purchaser of renewable energy” in last year’s sustainability report that laid out its goal to reach net-zero carbon emissions by 2040. Instacart says the new technology will give more retailers access to tools and technologies that can lead to business growth.

Logistics Network Optimization Software 129

Logistics Network Optimization Software Cost Reduction Resource Reduction Logistics 129

Logistics Business Magazine

DECEMBER 1, 2022

Whether it is a purchase from an online retailer or a local food order, new technologies have raised consumer expectations for businesses to provide full visibility of purchased goods right through to the point of delivery. Boosting trade is one of the most powerful tools to lift people out of poverty.

Supply Chain Software 77

Supply Chain Software Supply Chains Tracking and Tracing Logistics Network Optimization Software 77

Kanban Logistics

AUGUST 13, 2020

Naturally, the 3PL would build inventory financing costs into the overall cost of the service, and there would need to be a contractual agreement that guaranteed purchased materials would be used. 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

EazyStock

DECEMBER 13, 2020

Uncertainty is all but guaranteed in 2021 – the best course of action is to mitigate whatever risks you can. Supply chain digitalization will help moderate everyday, manual tasks so teams have more tools to respond to problems that arise. 2020 has proven time and again that we are not living in a perfect world.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Ship Monk

APRIL 30, 2024

Regardless of the size of your ecommerce brand, it doesn’t hurt to periodically reevaluate if the software tools you’re using are giving you everything you need. How quickly do you need to restock, how should you split your inventory across multiple locations , and of course what kind of inventory ordering system best suits your brand?

Supply Chain Design Software 105

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 105

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. Those expenses can increase the cost to serve by a considerable amount. Equipment use. Storage of the SKU.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

Logistics Viewpoints

MARCH 4, 2021

Ensure that, somewhere along the way, data diagnostic tools will be used to check for missing and inconsistent data automatically. . Accurate and timely reconciliation of purchase orders with receipts. Of course, autonomous planning does not happen overnight, and it is not just about having the technology.

Supply Chain Planning Software 164

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

Logistics Bureau

OCTOBER 9, 2023

Of course, it can add up to a vast pool of data, so realistically, access to advanced modelling and analytics tools will be essential to get the most value from it. In such cases, the design process can often be kept relatively simple, demanding less time and requiring less sophistication in the tools used. Getting Complicated?

Supply Chain Design Software 104

Supply Chain Design Software Supply Chain Design Distribution Networks 104

Freightos

OCTOBER 26, 2020

The shift to full end-to-end integration, of course, leaves no one else in the middle. The first is size , of course, with Maersk running over 17% of global ocean capacity , but also selling land-services to just under 20% of those same customers. Other sources reported that DB Schenker was not the only forwarder making this shift.

Logistics Network Optimization Software 125

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