Chronicled

MAY 1, 2023

Photo by Volodymyr Hryshchenko on Unsplash Understanding the 340B Program and its Presenting Issues The 340B Drug Pricing Program is a federally-run initiative that allows eligible healthcare organizations to access outpatient prescription drugs at discounted prices. What contributes to these difficulties?

Purchasing Skills 52

Purchasing Skills Price Reduction Manufacturing Procurement Supply Chain Software 52

Locus

JUNE 24, 2024

.” The 2024 Market Guide noted that “New digitalization initiatives, the increasing adoption of e-commerce, and the need to optimize transportation costs to improve the end-consumer experience and increase brand engagement are some of the challenges LMD solutions must solve. Take a look at our demos!

Gartner 52

Gartner Optimal Sourcing Optimization Software Vendor Strategies 52

EazyStock

JUNE 23, 2022

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Unstructured data isn’t as accessible to search or export and is often text-heavy.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

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?” Without adequate data and information on the freight market, shippers can find themselves in the same disadvantageous position as Mr. David. Request a SONAR Demo.

White Paper 98

White Paper Negotiating Skills Purchasing Skills Freight 98

FreightWaves SONAR

JANUARY 5, 2021

Operational costs continue to increase for carriers year to year. Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Freight data reduces dwell time and load time. Operating Ratio.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

Parade

JANUARY 20, 2022

That’s not to say that it doesn’t take time to get to the point where you can use a purchased software in operations; it takes time to implement, integrate, test, and train staff to work with new programs. Reach out to the team at Parade for a demo that will give you a peek into everything Parade has to offer.

Procurement Solutions 78

Procurement Solutions Supply Chain Software Purchasing Skills Purchasing 78

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. That’s where data analytics comes in.” Download the White Paper.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

WorkWave

MAY 30, 2024

The key components of SRM include evaluating vendor relationships, improving vendor performance, and cultivating better working relationships: Evaluating vendor relationships enables a manufacturing business to identify and select the most suitable suppliers based on their quality, reliability, and cost.

Negotiate Pricing 52

Negotiate Pricing Vendor Strategies Negotiating Skills Material Savings 52

Locus

MARCH 27, 2024

But here’s the kicker for retailers: amidst all this chaos, they’ve got to keep their delivery costs lean without compromising on giving customers a smooth and enjoyable experience. This situation demands not just managing costs but also turning the returns process into a positive touchpoint with customers.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. Customer relationship management systems collect and centralize all the important data about a business’ customers (and potential customers). With most ecommerce businesses, however, the sales pipeline isn’t nearly as long or as hands-on.

Optimization Software 104

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 104

FreightWaves SONAR

DECEMBER 1, 2020

The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freight data remain disparate and lack value. Knowing the lead time helps warehouse managers understand when to restock inventory, allocate drivers, source more capacity, and take other necessary steps. Hassle or cost to serve.

Purchasing Skills 100

Purchasing Skills Freight Procurement Analytics Optimal Sourcing 100

Locus

MAY 2, 2023

When they first began their journey, the greatest challenge was gaining the trust of consumers, who were used to visiting their local grocery store and largely preferred to check their groceries first-hand before purchasing them. To date, it has also been able to reduce its delivery costs by 66%.

Cost Reduction 52

Cost Reduction Price Reduction Purchasing Skills Logistics Network Optimization Software 52

Ship Monk

SEPTEMBER 14, 2022

By value , we mean how much that inventory cost to make or purchase, plus how much it’s costing you to store it. For an eCommerce business, inventory is your most valuable asset (at least in terms of bookkeeping) and also one of your largest costs. Ending Inventory + COGS – Purchases = Beginning Inventory.

Inventory Reduction 98

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 98

WorkWave

AUGUST 4, 2024

In 2024, the demand for skilled medical couriers is expected to continue to rise as advancements in technology and changes in healthcare practices create new opportunities and solutions for hospitals, biotech companies, and professionals in this field. Which skills are useful for medical couriers?

Optimization Software 52

Optimization Software Logistics Network Optimization Software Purchasing Skills Buyer Training 52

FreightWaves SONAR

FEBRUARY 11, 2021

Instead of wasting resources to guess at which lanes and shippers meet minimum load requirements, capturing real-time freight data helps carriers identify their top performers, review eligibility for shipper-of-choice status and ensure everything runs more smoothly. Financial insight feeds into equipment purchasing decisions.

Procurement Analytics 98

Procurement Analytics Trucking Optimization Software Operations 98

Ship Monk

DECEMBER 15, 2023

Will consumers be reluctant to use credit cards for holiday purchases? What We Learned So Far With the numbers in, we gathered findings from multiple sources to suss out the shiniest nuggets of wisdom. For the first time, mobile purchases have overtaken desktop purchases. Which items were frequently purchased together?

Purchasing Skills 62

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 62

Shipchain

JANUARY 8, 2020

But the question remains– who is eating the cost of that damaged product ? According to Retail Drive, 21% of oversized online purchases arrive damaged each year, with 15% never arriving at all. . So who eats the cost- whether it be a one-off damaged product or an entire pallet worth millions?

Purchasing Skills 62

Purchasing Skills Production Supply Chain Software Supply Chains 62

WorkWave

JULY 11, 2024

Recycling centers, waste collection, and processing facilities require a skilled workforce, providing employment opportunities for individuals of various backgrounds and qualifications. Green waste , mainly organic materials such as grass clippings, branches, and leaves, can be composted or turned into a renewable energy source.

Waste Reduction 52

Waste Reduction Waste Cost Reduction Expense Reduction 52

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

Ship Monk

JULY 28, 2022

If your eCommerce business makes and sells hats, for example, you purchase raw materials such as fabric, thread, leather, ribbon, etc. Its value includes not only the cost of the raw materials in use, but the added manufacturing costs. When Does Inventory Become WIP Inventory? to make the hats.

Inventory 62

Inventory Manufacturing Procurement Purchasing Skills eCommerce 62

FreightWaves SONAR

FEBRUARY 15, 2021

This week, learn how executives who manage a trucking business are monitoring carrier operations-based indices to improve profit margins and reduce operational trucking costs. Formula : Operating ratio = total operating costs / operating revenue * 100. Operating Ratio (OPRAT).

Trucking 98

Trucking Expense Reduction Operations Purchasing Skills 98

FreightWaves SONAR

JANUARY 8, 2021

Carrier or trucking company performance management depends on the ability to collect and apply data to understand the real health of the business. As reported by Mindy Long of Transport Topics , “One of the challenges for fleets collecting a wealth of data is determining what information is actionable.”

Expense Reduction 104

Expense Reduction Freight Price Reduction Purchasing Skills 104

WorkWave

AUGUST 22, 2024

Explore Different Suppliers Shopping around for flowers and supplies is crucial for any florist aiming to optimize cost efficiency. Diversifying suppliers not only reduces costs with retail prices but also diminishes reliance on a single source, safeguarding your business against price fluctuations and supply shortages.

Optimization Software 52

Optimization Software Cost Reduction Price Reduction Expense Reduction 52

FreightWaves SONAR

AUGUST 25, 2021

While it may be premature to say Christmas is canceled, any company having to purchase capacity on the ocean is facing unprecedented pressure. The free white paper, Ocean shippers trapped in house of pain , highlights data impacting the maritime market, from the FreightWaves’ SONAR platform, as well as information from many other sources.

Maritime 52

Maritime White Paper Demo Purchasing Skills 52

FreightWaves SONAR

NOVEMBER 23, 2020

The Operating Ratio (OPRAT) index provides total operating costs divided by operating revenue, which is derived from the Truckload Carriers Association (TCA) members and is reported on a monthly basis. While the truckload carriers submit 500+ points of data, only 31 are published in an aggregated basis inside of SONAR.

Operations 98

Operations Negotiating Skills Purchasing Skills Freight 98

WorkWave

OCTOBER 17, 2024

Include data on industry trends, growth projections and customer demand. better customer service, faster delivery times, or lower costs). Gathering and analyzing data will allow you to identify gaps in the market that your business can fill. This section should introduce your team and highlight their skills and experience.

Cost Reduction 52

Cost Reduction Logistics Network Optimization Software Transportation Purchasing Skills 52

EazyStock

APRIL 18, 2023

High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. Consequently, this means that they aren’t spending money, which should trigger demand fall, which should result in costs falling. Higher costs of storage.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

FreightWaves SONAR

FEBRUARY 1, 2021

Average contract rates show trends developing in long-term pricing agreements to prepare freight market participants for annual bids or any increases in shipping freight rates. Unlike the spot freight market, contracted agreements have a longer cycle and are typically negotiated on an annual basis. Request a SONAR Demo.

Negotiating Skills 75

Negotiating Skills Purchasing Skills Freight Procurement Analytics 75

Ship Monk

APRIL 11, 2024

Sales tax is a major source of revenue for states and local governments. Rates Some states (Alaska, Delaware, Montana, New Hampshire, and Oregon) don’t charge a general sales tax on purchases at all. excise taxes) may be levied by the federal, state, and local government simultaneously on the same purchase, each at a different rate.

eCommerce 104

eCommerce Tips Purchasing Skills Procurement Solutions 104

WorkWave

JULY 11, 2024

Customers are increasingly purchasing over-the-counter (OTC) medications, personal care products and wellness products from online stores for home delivery. Cost Savings Efficient route planning and automated processes reduce operational costs. Enhanced Data Security Protecting patient data is crucial in healthcare.

Optimization Software 52

Optimization Software Logistics Network Optimization Software Inventory Reduction Cost Reduction 52

Locus

OCTOBER 16, 2022

Last-mile reverse logistics is the process of moving goods from the final destination (customers) to their source (fulfillment center or warehouse). Last-mile reverse logistics determine the post-purchase customer experience and brand loyalty. Schedule a Demo Now. Leverage data insights. Let’s jump in!

Reverse logistics 52

Reverse logistics Optimal Sourcing Sourcing Strategies Logistics Network Optimization Software 52

FreightWaves SONAR

AUGUST 13, 2021

I often hear people that speak of supply (capacity) or demand (freight volume) refer to either one as if that explains pricing alone, when in practice, you must understand how each dynamic moves separately. Industrial – PMI (Purchase Managers Index). Retail sales [white] and the Purchasing Managers Index [green] remain very strong.

Manufacturing Procurement 98

Manufacturing Procurement Trucking Purchasing Skills Ordering 98

FreightWaves SONAR

NOVEMBER 30, 2020

It gives SONAR users visibility to daily changes in the intermodal market and is broken down in detailed granularity not found in other data sources. According to the Association of American Railroads (AAR), rail intermodal is the largest single source of U.S. domestic container volume between L.A.

Purchasing Skills 59

Purchasing Skills Negotiating Skills Sourcing Strategies Freight 59

Locus

JULY 24, 2023

If done right, load matching means better resource optimization, cost reduction, streamlined operations, and ultimately, happy customers and businesses. For instance, 41% of global shoppers expect same-day delivery for their purchases. Some of the factors that load matching depends on include: 1.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Optimization Software Optimization 52

FreightWaves SONAR

MARCH 15, 2021

Read on to learn what is SONAR SCI’s Lane Acuity Plus, what it tells subscribers who have purchased SONAR SCI, and how the application aids freight market participants by gaining deeper lane by lane insights around freight shipping. . This data has been collected over a 4 year period, broken down into shipper industry cohorts.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

FreightWaves SONAR

MARCH 23, 2021

Let’s take a closer look at why it again harkens to the value of real-time data and how it adds value to the supply chain. The challenges of tracking intermodal shipping costs and value. That includes managing energy consumption costs and environmental impact, both critical components within an ESG-conscious strategy.

Supply Chain Planning Software 59

Supply Chain Planning Software Cost Reduction Purchasing Skills Optimization Software 59

FreightWaves SONAR

DECEMBER 15, 2020

Carriers and transportation experts are always looking for ways to cut costs and maximize spending. A freight spend analysis can help cut those extra costs. By doing so, carriers and experts pinpoint logistics cost contributors. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues.

Analysis 59

Analysis Procurement Analytics Optimization Software Optimal Sourcing 59