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 91

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 91

Ship Monk

DECEMBER 5, 2022

Could there be hidden costs you’re not accounting for in your pricing strategy? One of the most common mistakes direct-to-consumer (DTC) ecommerce brands make is failing to understand and track their true costs, a.k.a. landed costs. What is Landed Cost? Landed Cost vs. Cost of Goods Sold.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

Ship Monk

JANUARY 9, 2024

Multichannel to Omnichannel You’ve heard us talk about a multichannel sales strategy before, and we’re happy to say that most of our ecommerce clients are already doing this. If your ecommerce brand hasn’t explored other sales channels, you are definitely missing out. Here are a few of the trends we think are going to be big in 2024.

eCommerce 105

eCommerce Trends Optimization Software Supply Chain Software 105

SYSPRO Smarter ERP

MARCH 9, 2022

In 1990, technological research and advisory firm, Gartner, created the definition for enterprise resource planning (ERP) as: “an integrated suite of business applications. This, in turn, can improve employee and operational productivity by reducing manual tasks, and saving time, resources, and costs. What is ERP?

Supply Chain Planning Software 119

Supply Chain Planning Software Supply Chain Software ERP Manufacturing Procurement 119

Logistics Bureau

OCTOBER 12, 2024

Yes, we are living in a world of a severe market competition, shorter product life cycle, tougher customer demand, higher cost reduction pressure, longer supply chains, and heavier reliance on outsourcing. Is there any definitive boundaries for procurement not to step across?

Cost Reduction 52

Cost Reduction Procurement Analytics Optimal Sourcing Procurement 52

Material Handling and Logistics

FEBRUARY 19, 2018

purchasing/procurement manager with a manufacturer of building equipment with 21-25 years of experience, living in the South Atlantic region and earning $36,00. That’s assuming you’ve got the regulatory background to succeed in that industry, of course, as well as the necessary skills a specific company might be seeking.

Survey 118

Survey Manufacturing Procurement Materials Handling Optimal Sourcing 118

Locus

JULY 28, 2022

The sports manager (Brad Pitt) works under severe cost constraints to build a team. Similarly, businesses face rising cost pressures while managing last-mile logistics operations. Despite the cost pressures, they assign the right order to the right delivery agent. Did the delivery turn out to be costly or cost-effective?

Optimization Software 52

Optimization Software Modeling Software Definition Logistics Network Optimization Software 52

Logistics Bureau

JANUARY 7, 2020

The definition above is not from any textbook, but is one that I am sure you will agree, describes a state of affairs that any corporate leader or business owner would be happy to attain. . Supply Chain Strategy. A properly designed supply chain strategy is an enabler for achieving commercial goals and consequently, corporate success.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 111

3PL Links

DECEMBER 2, 2022

Everything You Need to Know About Inbound Logistics | Source: Picpedia. We will address the following topics in this article: Inbound logistics definition and significance. Strategies for efficient inbound logistics that you can use in your business. Cost savings through supplier negotiations.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Conger

JULY 28, 2022

Looking for a private warehousing definition? This means they act as third-party logistics (3PLs) and may even offer value-added fulfillment services to help subsidize the costs of running the warehouse. High capital and operating costs make private warehouses a realistic option only for large, established businesses.

Examples 52

Examples Definition Supply Chain Design Software Supply Chain Software 52

Logistics Viewpoints

DECEMBER 1, 2022

The only bright note is that shipping costs will be a fraction of what they were over the last several years. Source: Descartes Datamyne. Theme 2: Online buying will fuel home delivery growth, challenges and new strategies. however, none is more important than most sustainable home delivery options are lower cost to execute.

Cost Reduction 117

Cost Reduction Resource Reduction Supply Chain Planning Software Logistics Network Optimization Software 117

Logistics Bureau

OCTOBER 2, 2016

The definition above is not from any textbook, but is simply one that I’m sure you’ll agree, describes a state of affairs that any corporate leader or business owner would be happy to arrive at. Supply Chain Strategy. In order to validate the statement above, it’s helpful to have some statistics to consider.

Supply Chain Design Software 99

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 99

GlobalTranz

APRIL 22, 2015

Editor’s Note: Almost 14 months ago we wrote one of our most popular posts entitled, “ The History of Supply Chain and Logistics Management ” contained a bit of history, definitions, and a great infographic visually going through the history of supply chain and logistics management. What is a Logistics Framework?

Global logistics 116

Global logistics Material Savings Cost Reduction Supply Chain Planning Software 116

10xLogistics

AUGUST 14, 2016

The speaker was asked how they decide what service to provide given the costs. We provide the service then figure out the cost". This is the definition of a true customer centric supply chain. If you own the final mile of the delivery then you definitely have more impact. His answer was clear: " We don't trade off.

Cost Reduction 48

Cost Reduction Purchasing Skills Supply Chain Planning Software Logistics Network Optimization Software 48

Logistics Bureau

JUNE 14, 2021

Historically, many of those customers concentrated keenly on measuring performance aspects such as cost to serve, perfect order, productivity, and cycle and lead times. However, they have experienced significant difficulties in getting goods from one place to another and endured vastly inflated freight and transportation costs.

Supply Chain Planning Software 85

Supply Chain Planning Software Optimal Sourcing Supply Chains Inventory Reduction 85

Morai Logistics

SEPTEMBER 14, 2018

The definition of ‘supply chain’ has also shifted over time. A rise in ecommerce has enabled consumers to purchase products anywhere at any time, which has created a need for immediacy. On August 9th, 2018, Morai Logistics released an eBook entitled Customer Service: A Long Term Strategy for Future Supply Chains.

Supply Chain Software 102

Supply Chain Software Supply Chains Digital Logistics Network Optimization Software 102

Talking Logistics

FEBRUARY 7, 2019

The answer is not only yes, but definitely so. However, this strategy involves more than parts of your supply chain watching for simple leaps forward in tech evolution. Kodak, conversely, struggles to remain relevant in an unapologetically digital world and has seen their stock prices tumble more than 90% in only four short years.

Supply Chain Software 90

Supply Chain Software Supply Chain Planning Software Supply Chains Scenario Planning 90

Ship Monk

APRIL 28, 2023

Another survey found that 73% of global consumers would “definitely” or “probably” change their buying behavior to reduce environmental impact. Of US adults surveyed , 69% say environmental impact is important when making a purchasing decision. Teach them how purchasing from you makes them a part of that positive mission.

eCommerce 97

eCommerce Waste Reduction How To Material Savings 97

Ship Monk

JULY 1, 2021

When you zero in on an eCommerce niche , your marketing strategy almost writes itself. . #3. Customers Favor Price Over Branding & Product Quality. Sure, there are always the bargain hunters who consider cost and cost only. and even quality just to obtain a product at its lowest possible price.

eCommerce 98

eCommerce Price Reduction Cost Reduction Purchasing Skills 98

Logistics Bureau

JANUARY 23, 2017

It’s hard to say if that moment will arrive in 2017, but for any business carrying the costs of warehouse labour, robotics developments warrant close attention in the year ahead. For example, when you book accommodation on AirBnB, do you think of yourself as: a) Making a purchase from a travel-oriented service provider?

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 94

Logistics Bureau

JANUARY 1, 2025

The inventory value for each item is obtained by multiplying the annual demand by unit cost and the entire inventory is then ranked in descending order of cost. ABC System: A cost management system that maintains operational and financial data relating to an organisations activities, resources, objects, drivers, and measures.

Supply Chain Planning Software 76

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

Logistics Bureau

DECEMBER 23, 2024

The logistics industry has changed over the last decade, with outsourcing emerging as a cornerstone of a modern supply chain strategy. In fact, you should be very careful about outsourcing logistics with the sole intention of saving costs, period. If you achieve 70% of whats projected, thats still a big plus for your organisation.

Outsourcing 75

Outsourcing Supply Chains Cost Reduction Price Reduction 75

Locus

MAY 25, 2022

Here are seven key strategies that they have used to make it happen. Source: statista.com. But today, nothing can be more heartbreaking to a customer than a business breaking its delivery promise on their prized purchases. It gives them an experience of the product before purchasing. – Statista, U.S. 2021, Statista.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

Conger

MARCH 28, 2024

Introduction to Fleet Management Fleet Management Definition Businesses across all sectors depend on commercial vehicles to transport people and products daily from cross-country delivery services to your neighborhood gas and oil provider. This integration also helps detect discrepancies or unauthorized fuel usage, thus controlling costs.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

GlobalTranz

MAY 20, 2015

The US quality guru Joseph Moses Juran (born 1904 in Romania ) divides the supplier quality assurance process into nine steps: definition of the product’s quality requirements, evaluation of alternative suppliers. Cost of quality. The definition of this metric is similar to the way it sounds.

Procurement Analytics 99

Procurement Analytics Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 99

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 30, 2024

Unfortunately, sometimes supply chain disruptions, differing carrier restrictions, and fluctuating costs can keep that from happening. This advanced transportation management and rate shopping strategy removes guesswork while infusing flexibility. It’s quick, it’s cost-effective, and it’s easy to implement. Have more questions?

3PL 105

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

CH Robinson Logistics

MAY 18, 2021

Customer returns also fit this definition and make up a large percentage of reverse logistics concerns that retailers and logistics organizations handle. Often, retailers consider a product’s supply chain to be complete the moment that it is purchased or received by a consumer. But this isn’t always the case.

Reverse logistics 64

Reverse logistics Supply Chain Planning Software Material Savings Inventory Reduction 64

3PL Links

AUGUST 18, 2023

Everything You Need to Know About Inventory Management | Image source: Pexels Inventory management is a crucial investment for businesses that want to increase productivity, cut expenses, and deliver top-notch customer service. Reduce total inventory costs by increasing turnover or by lowering expenditures and investments.

Inventory Reduction 48

Inventory Reduction Inventory Purchasing Skills Price Reduction 48

SYSPRO Smarter ERP

NOVEMBER 3, 2021

The SCOR (Supply Chain Operations Reference) methodology has six high-level business activities that define the supply chain – plan, source, make, deliver, return, and enable. The definition of “on-time” can vary depending on the shipping method and if partial deliveries occur but should be based upon the agreed date.

Manufacturing Procurement 105

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

Logistics Bureau

AUGUST 7, 2023

Inventory Availability and Cost: Striking a Balance It’s rarely a good idea to think too lean in ecommerce inventory management. The challenge, then, is to strike a balance between sufficient inventory levels to ensure availability and costs that won’t threaten the future of your enterprise. Book a free consultation.

Inventory Reduction 98

Inventory Reduction eCommerce Inventory Procurement Solutions 98

Logistics in War

MARCH 11, 2025

While some aspects of this article may be dated, the article speaks to a range of issues directly relevant to national security in a post-National Defence Strategy age. The answer cant afford to be as simplistic as thirty days of supply or purchase from the global market. Many of these conversations can end with it.

Military 59

Military Operations Logistics Network Optimization Software Supply Chain Planning Software 59

EazyStock

OCTOBER 20, 2020

Firstly, let’s get a few definitions: What is inventory control? The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. Remember – providing higher service levels than required costs your company money. Supplier lead times.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

GlobalTranz

NOVEMBER 10, 2015

Transportation costs make up 60 percent of overall logistics expenses for all shippers and 3PLs. For these companies, the use of a dedicated transportation management system, such as Cerasis™ Rater , can be deployed to lower transportation costs across the entire supply chain. Implementation Costs.

Supply Chain Planning Software 90

Supply Chain Planning Software Optimization Software Inventory Reduction Cost Reduction 90

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. Transportation strategy should not drive how and when product is delivered. Transportation strategy and tactics must support Lean inventory strategies.

Waste Reduction 53

Waste Reduction Cost Reduction Inventory Reduction Price Reduction 53

GlobalTranz

SEPTEMBER 7, 2017

Today supply chains stretch around the globe, and few supply chain can exist within a single country without selling or purchasing products or raw materials from other countries. Although its original definition was used exclusively for seafaring transport, modern use of the term can be applied to all shipment modes of transit.

Freight 82

Freight Cost Reduction Purchasing Skills Expense Reduction 82

GlobalTranz

DECEMBER 17, 2014

Truth: It’s Well Worth the Cost. While there is a cost associated with EDI integration, it is definitely worth it. The cost of EDI integration is immediately justifiable. For this reason alone, EDI integration is well worth its initial implementation cost. Myth: It’s Too Expensive.

Supply Chain Software 93

Supply Chain Software Sourcing Strategies Expense Reduction Cost Reduction 93