3PL Links

OCTOBER 15, 2024

Additionally, tools that analyze customer purchasing trends can help you make informed decisions about when and what to stock. Communication Breakdowns Across the Supply Chain The Issue: Poor communication between suppliers, logistics teams, and customers can result in misaligned expectations, missed shipments, or order errors.

Inventory Reduction 62

Inventory Reduction Logistics Network Optimization Software Supply Chain Software Expense Reduction 62

Blue Grace Logistics

MARCH 26, 2024

What you will learn in this blog: Leveraging Data Analytics For Invaluable Insights Implementing Lean Principles for Waste Reduction Effective Management Of Supply Chain Costs As companies navigate market fluctuations and challenges, effectively managing supply chain expenses becomes pivotal for success.

Negotiating Skills 117

Negotiating Skills Cost Reduction Waste Reduction Inventory Reduction 117

FreightWaves SONAR

FEBRUARY 4, 2021

As the world of transportation continues to evolve, shippers and logistics service providers (LSPs) are effectively utilizing certain methods along with modern data platforms to meet the demands of today’s supply chains. Knowing the following key tactics and using the proper tools will help sustain long-term savings.

Optimization Software 98

Optimization Software Negotiate Pricing Negotiating Skills Optimization Modeling 98

Material Handling and Logistics

SEPTEMBER 27, 2018

Shippers need to keep operations flowing and use tools to handle the upsurge while keeping customers satisfied.”. Carriers can house shipment information letting suppliers and customers know where their goods are and when to expect them to arrive at the next destination. Give customers visibility to their orders.

Supply Chain Software 161

Supply Chain Software Optimization Software Purchasing Skills Negotiating Skills 161

Logistics Viewpoints

JANUARY 11, 2021

Jeff Tramel, the Vice President of Global Procurement, at NTT DATA Services. SAP recently announced that NTT DATA Services, a global digital business and IT services company, had achieved $125 million in value based on a digital transformation of their procurement function. And more importantly, how did NTT DATA do it?

SAP 62

SAP Optimal Sourcing Negotiate Pricing Negotiating Skills 62

Material Handling and Logistics

AUGUST 10, 2018

Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. But I often see companies that have more cutting tools, for example, than they need. If a specification changes or new tools come online, this excess inventory may end up in the trash. Too Little.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

GlobalTranz

SEPTEMBER 12, 2016

The answer is closely linked with how a company markets and contacts suppliers and vendors, reports Srikanth Pinagali. Ultimately, these raw materials must be obtained from suppliers and transported to the factory. Ultimately, the terms and conditions are laid out during contract negotiation.

Manufacturing Procurement 101

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 101

WorkWave

MAY 30, 2024

Supplier Relationship Management (SRM) is a critical component for field service organizations looking to optimize their operations and ensure the highest level of quality and efficiency in their supply chain. What is Supplier Relationship Management (SRM)?

Negotiate Pricing 52

Negotiate Pricing Vendor Strategies Negotiating Skills Material Savings 52

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Reliance on too few primary suppliers for critical components and materials has compounded the problem even further with unexpected ripple effects on downstream manufacturing as evidenced by the still ongoing global computer chip shortages. Manufacturers know that good supplier relationships are critical. Managing Inventory.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

Transporeon

JANUARY 25, 2018

The challenge For many years, Amway had used a generic sourcing tool that only facilitated communications with the company’s carriers rather than providing access to a supplier database and a collaborative environment to conduct sourcing events. It is a good feeling to know that you have control over the negotiation process.”

Negotiating Skills 48

Negotiating Skills Manufacturing Procurement Cost Reduction Supply Chain Planning Software 48

Logistics Business Magazine

MAY 19, 2023

Long-awaited price deflation is now happening, says international procurement and supply chain management consultancy INVERTO, part of Boston Consulting Group. Those businesses that are unable to cut prices in line with the rest of the market could lose out significantly. They need to get back to doing that and quickly.”

Negotiating Skills 51

Negotiating Skills Negotiate Pricing Cost Reduction Supply Chain Software 51

Logistics Business Magazine

MAY 22, 2023

Long-awaited price deflation in the UK is now happening, says international procurement and supply chain management consultancy Inverto, part of Boston Consulting Group. Says Agarwal: “The coming months are going to see significant price competition as costs come down, especially in certain commodities. in February to 10.1%

Negotiate Pricing 48

Negotiate Pricing Negotiating Skills Buyer Training Price Reduction 48

CLX Logistics

SEPTEMBER 9, 2022

To meet these demands, shippers need the right supply chain management tools with the flexibility to grow and scale as needed. The right supply chain management tools help not only to enable shippers to provide better customer service and on-time deliveries but also to remain competitive with everyone else in the market.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimization Software 52

GlobalTranz

MAY 6, 2015

When you create your Sales, Inventory, Operations and Production Plan (SIOP) monthly, or more frequently, invite your top Suppliers and Customers to the SIOP meeting. Any and all members of the lean supply chain should use these tools to solve problems and reduce costs to increase value to the customer.

Supply Chain Planning Software 127

Supply Chain Planning Software Waste Reduction Inventory Reduction Supply Chain Software 127

Logistics Bureau

SEPTEMBER 4, 2023

Process Performance What if the problem isn’t connected to products, customers, or pricing but lies instead with process performance? Supply/Inventory Management Inventory management problems and supplier relationship issues , too, can creep in over time and eat away at your profit margins.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

Ship Monk

OCTOBER 8, 2024

With large shipping volume: You can negotiate discounts on shipping. Without large shipping volume: You don’t have much leverage when it comes to negotiating discounts. 2) Prioritize Flexibility You may think that negotiating with a single carrier from a single location will give you the best rate, but don’t sell your business short.

Negotiating Skills 69

Negotiating Skills Cost Reduction Inventory Reduction Negotiate Pricing 69

GlobalTranz

FEBRUARY 17, 2016

Understand Data Integrity to Reduce Inventory Costs. First, data integrity is vital. If you do this with discipline daily, your computer system will output accurate data. If not, all data output is suspect. More efficient and actionable data can reduce the costs of managing inventory. . Try a sample cycle count.

Inventory Reduction 65

Inventory Reduction Cost Reduction Waste Reduction Vendor Strategies 65

GlobalTranz

AUGUST 18, 2016

Modern distribution technology has significantly changed how suppliers get their products to end-users, and consumers are driving changes in how Distributors use technology to better their business processes. Value-Added Services and TMS Capabilities Are Critical Points in Contract Negotiation.

Supply Chain Planning Software 60

Supply Chain Planning Software Optimization Software Supply Chain Software Logistics Network Optimization Software 60

Logistics Bureau

JANUARY 1, 2018

Supplier unreliability. Tools in the AI Toolbox. We can put AI tools into three categories. Tools to make smart decisions. Tools to make smart decisions. This AI tool is based on data and rules. Tools to act like humans. Using ML, a computer automatically finds patterns in data.

Supply Chain Planning Software 63

Supply Chain Planning Software Supply Chain Software Supply Chains Modeling Software 63

EazyStock

MARCH 14, 2023

The distributors who gained a significant strategic advantage over their competitors had a laser focus on profitability during the downturn, a strong emphasis on margin management through disciplined pricing and category management, careful control of costs, and finally, the willingness to invest in priority growth opportunities.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

EazyStock

MAY 28, 2019

EazyStock is one of the automation tools I see provide high value to my customers. Today, Amex Auto Spares’ local procurement staff spend considerably more time negotiating best pricing with suppliers rather than trying to figure out what to buy! What kinds of tasks have you helped your clients automate? When to buy.

Automation 49

Automation Negotiating Skills Modeling Software Procurement Solutions 49

Conger

MARCH 28, 2024

Technologies like artificial intelligence continue to enhance these capabilities to become more attractive and allow new visualizations and data collection standards. Telematics collect and transmit vehicle speed, mileage, and fuel consumption data, while GPS allows precise location tracking.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

Log-hub

NOVEMBER 22, 2023

In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Log-hub

NOVEMBER 22, 2023

In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

EazyStock

MAY 28, 2019

EazyStock is one of the automation tools I see provide high value to my customers. Today, Amex Auto Spares’ local procurement staff spend considerably more time negotiating the best pricing with suppliers rather than trying to figure out what to buy! What kinds of tasks have you helped your clients to automate?

Automation 40

Automation Negotiating Skills Modeling Software Procurement Solutions 40

Log-hub

NOVEMBER 22, 2023

In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

WorkWave

AUGUST 31, 2021

Comparing pricing from all carriers; Negotiating when possible; Bulk shipping; Consolidating supplier shipping on your account; Packing items in boxes with the smallest dimensions possible; Using carrier-provided packaging; Pre-paying online; Asking about association discounts; Factoring shipping fees into product pricing.

Optimization Software 52

Optimization Software Procurement Solutions Logistics Network Optimization Software Negotiating Skills 52

Logistics Bureau

JANUARY 1, 2025

ABC System: A cost management system that maintains operational and financial data relating to an organisations activities, resources, objects, drivers, and measures. In EDI data standards this is referred to as an 856 transaction. It is upon such systems that ABC models are generated and maintained.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 76

Conger

DECEMBER 13, 2022

Ditch Unreliable Suppliers. Choose Domestic Suppliers. Consolidate Suppliers. Ditch Unreliable Suppliers. Three key problems are associated with unreliable suppliers: Quoting incorrect lead times. Ditch unreliable suppliers and find new, more reliable ones. Choose Domestic Suppliers. Let's dive in!

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

WorkWave

FEBRUARY 16, 2024

As a pest control business owner, you’ll also get tips on managing costs effectively while maintaining service standards, plus smart pricing strategies to keep your bottom line healthy. Calculating it accurately can help you make informed decisions about pricing, cost-cutting measures and growth strategies.

Expense Reduction 52

Expense Reduction Price Reduction Cost Reduction Vendor Strategies 52

Radius Logistics

JULY 17, 2024

Introduction to Just-In-Time Inventory Just-In-Time (JIT) inventory management is a strategy that aligns raw material orders from suppliers directly with production schedules. Supplier Integration: Close collaboration with suppliers ensures timely delivery of materials, reducing the need for large stockpiles.

Material Savings 26

Material Savings Inventory Reduction Cost Reduction Waste Reduction 26

Automotive Logistics

MAY 30, 2018

Better communication is needed in the automotive supply chain, including between OEMs, suppliers, logistics providers and IT experts providing digital supply chain services. Visibility is a number one [priority], as is being able to capture data and use analytics to make decisions faster.”. Digging into the data mountain.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 48

The Logistics Academy

FEBRUARY 13, 2017

Another trend is learning how to deal with the avalanche of data that supply chain managers have at their fingertips. Data from barcodes, RFID tags, GPS systems, and the Internet of Things (IoT) mean that managers not only have to be good analysts, but they also have to be good at understanding the supply chain system instinctually.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 40

Automotive Logistics

JANUARY 18, 2019

To achieve this, many North American OEMs have up to now insisted on their own forms of labelling, leaving tier suppliers with no choice but to manage a wide variety of labelling systems. RFID prices have come down as the technologies have vastly improved.”. “The real problem is that everybody is working independently.

Supply Chain Design Software 28

Supply Chain Design Software Optimization Software Supply Chain Software Logistics Network Optimization Software 28

Logistics Bureau

JANUARY 14, 2025

The Factory Gate Pricing (FGP) and Primary Freight (PF) strategies, as adopted by major grocery retailers, are causing a shudder up the spine of many retail suppliers. What are Factory Gate Pricing and Primary Freight strategies? Under the FGP and PF models, the retailers collect the products from the suppliers factory gate.

Price Reduction 75

Price Reduction Cost Reduction Sourcing Strategies Negotiate Pricing 75

Talking Logistics

DECEMBER 20, 2017

Meanwhile, it appears that the Trans-pacific Trade Partnership (TPP) will move forward without the United States ; Japan just completed a trade deal with the European Union ; Brexit negotiations remain contentious ; and the World Trade Organization’s role and relevance are being challenged. Today the price is $63.88 per barrel.

Supply Chain Design Software 83

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 83