FreightWaves SONAR

FEBRUARY 29, 2024

Housing starts are calling for lumber kits, industrial purchasers are ordering products for their projects, and construction companies are planning their moves and strategies for the year. Shippers often manage transportation for these projects with historical data, bids from trusted carriers and a lot of guesswork.

Purchasing Skills 59

Purchasing Skills Data Trends Sourcing Strategies 59

The Logistics of Logistics

SEPTEMBER 22, 2023

Later in his tenure at Verizon, he joined the executive leadership team at Verizon Connect as the head of strategy, business development, market intelligence and big data. Data integration: Solutions on the marketplace are pre-integrated with vehicle, driver, and fleet data. The Greenscreens.ai

Price Reduction 397

Price Reduction Sourcing Strategies Purchasing Skills Logistics Network Optimization Software 397

MTS Logistics

NOVEMBER 26, 2021

To all procurement and logistics specialists, how many of your daily emails pertain to purchase orders? Numerous details are manually recorded, such as the products needed, quantity of items, descriptions, pricing, payment details, delivery methods and dates. Many companies have not automated this fundamental Purchase Order operation.

Purchasing Skills 85

Purchasing Skills Procurement Analytics Purchasing Negotiate Pricing 85

Ship Monk

APRIL 5, 2024

The last time they raised prices? So much attention is paid to negotiating the price of the goods and coordinating the delivery that very little thought goes into the quality of the relationship and how improving it might help you both. If I don’t like the price or the quality, I just go elsewhere! If so, good on you!

Negotiate Pricing 104

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 104

Logistics Viewpoints

NOVEMBER 16, 2023

This article is from Descartes Systems Group and looks at how companies can reduce lead times with real-time data. Lead time in the supply chain is the total time from when a customer order, or purchase order, is placed and when the goods are received. What is lead time? First, let’s define lead time.

Inventory Reduction 159

Inventory Reduction Material Savings Vendor Strategies Expense Reduction 159

SYSPRO Smarter ERP

OCTOBER 9, 2023

Cost efficiency, quality management and traceability are major issues for companies in this region. Managing costs With the demand for fabricated metal products growing so much, production runs are increasing as are the costs. The significant cost items are labor, materials and machinery.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

The Logistics of Logistics

JUNE 17, 2022

Jeff Flowers is the Chief Operating Officer of OneRail , a final mile delivery orchestration platform providing real-time visibility, actionable data, and data-driven optimization capabilities for its enterprise clients. About Jeff Flowers. Jeff Flowers is the Chief Operating Officer for OneRail.

Inventory Reduction 259

Inventory Reduction Inventory Optimal Sourcing Optimization Software 259

Logistics Viewpoints

OCTOBER 17, 2024

Supply Chain Knowledge and Risk Mitigation: Suppliers have a direct impact on direct spend with raw material and transportation costs as two big drivers of operating margins. Focus on Long-Term, Strategic Partnerships Shift the focus from short-term cost savings to long-term value creation with suppliers.

Supply Chain Planning Software 141

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 141

Logistics Business Magazine

OCTOBER 23, 2024

Fast and free shipping has become a cornerstone of success in e-commerce with 75% of consumers prioritizing it when making purchasing decisions. Offering this service presents significant challenges, however, from rising operational costs to balancing customer expectations with profitability.

Cost Reduction 58

Cost Reduction Price Reduction Expense Reduction Resource Reduction 58

The Logistics of Logistics

OCTOBER 4, 2023

Merchants simply purchase a label and their package can be picked up from their front door. Sendle offsets the carbon emissions of every package you send, at no extra cost. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins. Get easy access to detailed advice and support from real people.

Purchasing Skills 393

Purchasing Skills eCommerce Packaging Procurement Solutions 393

FreightWaves SONAR

DECEMBER 9, 2020

Most freight brokers have to source their own freight broker leads. Here are six tips for sourcing freight broker leads that will minimize the time and resources required to source and research shipper leads. . 6 Tips to source freight broker leads. #1: One challenge comes from the term “shippers.” 3: Conference agendas.

Sourcing Strategies 105

Sourcing Strategies Purchasing Skills Sourcing Tips 105

SYSPRO Smarter ERP

JULY 3, 2023

What is Machine Learning ML is the computing engine behind AI and gives computers the ability to make sense of, and learn, from data to perform specific tasks without manual interference. Nine areas where AI can help manufacturers There are several ways in which data and AI can be applied in the manufacturing industry. The Industry 4.0

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Data Optimization Software 98

Logistics Viewpoints

JUNE 7, 2023

First, what are some things companies can do to reduce delivery costs and how does technology play a role? Third, how can both retailers and logistics providers better cooperate to provide enhanced service and reduced costs? Reducing Cost per Delivery Reducing cost per delivery is a critical KPI for companies.

Cost Reduction 120

Cost Reduction Purchasing Skills Logistics Network Optimization Software Optimization Software 120

FreightWaves SONAR

DECEMBER 14, 2020

This week, learn how freight market participants are able to measure if freight pricing control lays in the hands of freight shippers or freight carriers. What is the DHL Supply Chain Pricing Power Index? The chart above has an 80 reading which indicates that the control of freight pricing lies in the carriers’ hands.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Price Reduction Freight 52

The Logistics of Logistics

JUNE 28, 2023

We deliver the reliability brands have come to count on, while offering freedom from egregious price increases, hidden accessorial fees, and lackluster support often seen from legacy providers. They deliver reliability while avoiding price increases, hidden fees, and lackluster support seen from legacy providers.

Logistics Network Optimization Software 343

Logistics Network Optimization Software Price Reduction Expense Reduction Cost Reduction 343

Logistics Viewpoints

JUNE 8, 2023

Technology for All In a retail era dominated by e-commerce giants, customer expectations have shifted towards instant product delivery at no cost. Previously, only large companies such as Amazon and FedEx possessed the network and scale required for cost-effective same-day and next-day shipping.

Modeling Software 132

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 132

3PL Links

MAY 3, 2023

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

SYSPRO Smarter ERP

AUGUST 21, 2024

With manufacturing getting increasingly competitive and with margins reducing, manufacturers are looking at ways to improve efficiency and productivity while reducing costs. Production ERP applies digital technologies to a manufacturing company’s production processes which gathers data throughout these processes.

Manufacturing Procurement 52

Manufacturing Procurement ERP Cost Reduction Procurement Solutions 52

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 109

Cost Reduction Purchasing Skills Waste Reduction Material Savings 109

Chronicled

MAY 23, 2023

Our team at MediLedger has been hard at work creating a platform that proactively verifies pricing, identifies discrepancies, and automates audits. A streamlined process that minimizes credits and rebills, improves cash flow, and reduces manual labor and associated costs. The result?

Optimization Software 52

Optimization Software Purchasing Skills Negotiating Skills Optimal Sourcing 52

Logistics Viewpoints

OCTOBER 24, 2024

SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. When a procurement contract is negotiated, the buyer has planned to achieve a certain level of savings.

SAP 140

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 140

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. It is also important to consider qualitative data.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. It is also important to consider qualitative data.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

FreightWaves SONAR

NOVEMBER 9, 2020

This week, learn how freight market participants, especially trucking carriers , rely on both the Ultra-Low Sulfur Diesel Rack (ULSDR) data index and the FUELS index to measure diesel fuel price volatility and to understand its impact on their operations and the freight market at large. What are the ULSDR data and FUELS indices?

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 52

SYSPRO Smarter ERP

SEPTEMBER 27, 2021

Data is a crucial component of digital transformation in the manufacturing sector. However, data in itself is not a value driver. Many manufacturers aren’t maximizing the value from enriching data and missing out on opportunities to grow, optimize or manage risk. Share data for partnership and growth.

Manufacturing Procurement 105

Manufacturing Procurement Data Modeling Software Optimization Software 105

Logistics Viewpoints

NOVEMBER 18, 2024

Energy management solutions are products that energy utilities use to produce power and data centers use to consume power. Like many companies, the French multinational produces a significant amount of its products in low-cost nations. But since COVID,” Mr. Botham explained, “there’s been a big drive to increase resilience.

Supply Chain Design Software 91

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Planning Software 91

Freightos

DECEMBER 20, 2022

From lockdown-induced purchasing highs, soaring logistics costs and supply chain snarls to waning demand, soaring inflation, and fears of recession – there has never been a dull moment. . The role logistics costs have played in increased or decreasing inflation is now more relevant than ever. . Sources: U.S.

Purchasing Skills 62

Purchasing Skills Analysis Cost Reduction Freight 62

Chronicled

FEBRUARY 8, 2021

Group Purchasing Organizations (GPOs) offer enormous benefits to the healthcare industry by providing efficiency and cost reduction to healthcare providers. However, the group purchasing market in the United States is extremely competitive. 100) and the discounted contract price (ex. $60), 40 : $100?—?$60),

Purchasing Skills 52

Purchasing Skills Price Reduction Negotiating Skills Manufacturing Procurement 52

Stord

JANUARY 26, 2024

With Stord’s Consumer Experience capabilities, brands can offer a magical experience for their consumers, accelerating online sales and simplifying the purchase process from storefront consideration through product delivery. Other research indicates shoppers are more focused on specific delivery dates rather than simply ‘shipping speed.’

Procurement Solutions 60

Procurement Solutions Supply Chain Design Software Optimization Software Purchasing Skills 60

WorkWave

FEBRUARY 9, 2024

One effective strategy that’s been gaining traction is price bundling. Also known as packaged pricing, this strategy involves bundling various services together and charging one price. Bundled services are usually cheaper than if customers were to purchase each service individually. Why Does Bundle Pricing Really Work?

Price Reduction 52

Price Reduction Purchasing Skills Tips Procurement Solutions 52

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 126

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 126

Ship Monk

OCTOBER 8, 2024

With peak season and its accompanying shipping surcharges just around the corner, you may be wondering how to gain more control over your shipping costs and get the most out of your shipping budget. Controlling shipping costs is easier said than done. With large shipping volume: You can negotiate discounts on shipping.

Negotiating Skills 67

Negotiating Skills Cost Reduction Inventory Reduction Negotiate Pricing 67

3PL Links

OCTOBER 15, 2024

Image source: Pexels | Logistics Challenges and How to Overcome Them Let’s break down the most common logistics problems and how you can resolve them to improve your operations. From delays to cost increases, logistics teams encounter a range of obstacles that can hinder efficiency and affect the entire supply chain.

Inventory Reduction 62

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

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 126

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 126

Blue Grace Logistics

NOVEMBER 1, 2024

As more consumers and businesses move to online platforms for purchases, the shipping industry must adapt to new demands. LTL carriers handle multiple shipments from various vendors on a single route, helping save time and reduce costs by maximizing truck space.

Price Reduction 104

Price Reduction Vendor Strategies Supply Chain Planning Software Cost Reduction 104

Ship Monk

JULY 18, 2024

Reduce shipping and inventory costs to gain pricing flexibility. Data from each channel should be synced in real time, providing complete transparency throughout the fulfillment process. It should have robust tools for data analysis, reporting, tracking, forecasting and managing inventory. What Can Operations Do?

Inventory Reduction 109

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 109

Logistics Viewpoints

OCTOBER 18, 2023

Or have these concerns been replaced with cost-price inflation and compressed profit margins? Source: J.P. The World Trade Organization publishes lots of insightful data on global trade – including trade indexes. Manufacturing Purchasing Managers Indexes The J.P. But what about now?

Manufacturing Procurement 174

Manufacturing Procurement Purchasing Skills GEP Price Reduction 174