Locus

JANUARY 8, 2024

In the tightly knit fabric of retail, a clear view of the supply chain’s inner workings is a definitive edge for business. Here are five innovative strategies to transform this insight into higher profits. On the customer front, the thrill of anticipating a much-awaited purchase is undeniable.

Cost Reduction 52

Cost Reduction Expense Reduction Resource Reduction Logistics Network Optimization Software 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 104

eCommerce Trends Optimization Software Supply Chain Software 104

SYSPRO Smarter ERP

SEPTEMBER 1, 2022

It’s no secret that manufacturing companies around the world are rethinking their supply chain strategies. With shortages occurring in unexpected sectors and lockdown strategies impacting logistics, companies looked at reshoring to stabilize and strengthen their supply chains.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies Supply Chain Software 105

Conger

JULY 30, 2021

In this article, you’ll learn: The definition of omnichannel distribution. Top challenges and the steps for adopting an omnichannel distribution strategy. 4 Steps for Adapting to an Omnichannel Distribution Strategy. With the rise of eCommerce, consumers have more purchasing options than ever before. Let’s get started!

Inventory Reduction 52

Inventory Reduction Distribution Vendor Strategies Waste Reduction 52

3PL Links

DECEMBER 2, 2022

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. Inbound Logistics Strategies. This technique entails purchasing the primary raw material source in order to have more control over supply.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Logistics Bureau

NOVEMBER 3, 2024

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 2014, a survey by Tompkins Consortium delivered a shocking revelation.

Supply Chain Design Software 82

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 82

Ship Monk

JULY 7, 2022

It may sound tempting to force your customers into purchasing in larger quantities, but is it the best way to grow your business? This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online. Minimum Order Quantity Definition.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

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

GlobalTranz

SEPTEMBER 12, 2016

Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. Purchased parts and similar items. Communications Strategy – The communications strategy is how a company decides to make a product available.

Manufacturing Procurement 101

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 101

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

Logistics Business Magazine

AUGUST 7, 2024

Andrew Tavener (pictured), Head of Marketing, Descartes , believes that it is crucial for retailers to understand why uncertainty over deliveries affects consumers and how to implement strategies that mitigate its negative effects. This is essential for businesses that are aiming to foster long-term customer loyalty and success.

How To 56

How To Material Savings Cost Reduction Logistics Network Optimization Software 56

3PL Links

AUGUST 18, 2023

The definition of inventory management, however, is the skill of managing these conflicting aims, directing strategies, and appropriately prioritizing objectives in the face of this scenario. With this strategy, the shop may maintain a wide range of products in stock without having to make significant upfront purchases.

Inventory Reduction 48

Inventory Reduction Inventory Purchasing Skills Price Reduction 48

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

Manufacturing Procurement 148

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 148

3PL Insights

JUNE 3, 2020

The concept of ecommerce is definitely not new, but for some businesses without an online presence, the practice can be overwhelming – especially when it must be implemented quickly. Nevertheless, the fulfillment environment has changed, and online order fulfillment strategies should be top-of-mind going forward.

eCommerce 52

eCommerce Inventory Reduction Procurement Solutions Supply Chain Planning Software 52

Ship Monk

SEPTEMBER 10, 2024

The strategy has been met with positive results thus far, and this is only the beginning given YT’s audience. Let’s dive deeper into TikTok’s selling strategies vs. YouTube’s. However, wherever users do end up discovering those products/brands, they must be redirected off from YouTube to a retailer to make a purchase.

eCommerce 62

eCommerce Video Logistics Network Optimization Software Modeling Software 62

10xLogistics

DECEMBER 24, 2017

The problem with this strategy is the "crunch" is with the power not with the trailer. This will definitely assist with the stabilization of rates and capacity however it is at least one year away from implementation and, while I absolutely think it will work, it is unproven. Many retailers follow this power only model.

Material Savings 54

Material Savings Logistics Network Optimization Software Strategy Modeling Software 54

3PL Links

OCTOBER 19, 2022

Define your returns management strategy: Analyze how effective returns management could help you lower expenses, enhance customer service, and even boost revenue. As said so eloquently by the CEO of a major online art retailer: “Our strategy is to process returns promptly, while striving to keep them to a minimum.”

Reverse logistics 62

Reverse logistics Procurement Solutions 3PL Vendor Strategies 62

Ship Monk

AUGUST 22, 2023

So definitely check out those, and the below infographic, to see why DDP is the smarter solution for ecommerce brands shipping abroad. When packages get stuck at the border, buyers have to wait extensively for their orders and sometimes pay additional fees, both of which can ruin customer experience and likely deter a repeat purchase.

eCommerce 52

eCommerce Purchasing Skills Cost Reduction Price Reduction 52

Logistics Viewpoints

DECEMBER 1, 2022

Theme 2: Online buying will fuel home delivery growth, challenges and new strategies. The verdict would have been “definitely nailed it” if we were counting all of the “ML-washing” going on in the supply chain and logistics technology market. Figure 1: U.S. Container Import Volume Year-over-Year Comparison. Source: Descartes Datamyne.

Cost Reduction 135

Cost Reduction Resource Reduction Supply Chain Planning Software Logistics Network Optimization Software 135

Ship Monk

MARCH 30, 2024

This advanced transportation management and rate shopping strategy removes guesswork while infusing flexibility. If your ecommerce brand imports from international sources, this is definitely a reason why ShipMonk should be your 3PL of choice. To remedy this annoying situation, ShipMonk created our Virtual Carrier Network.

3PL 104

3PL Supply Chain Design Software Optimization Software Supply Chain Software 104

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 enables the procurement department to know when new purchase orders have to be placed. What is ERP?

Supply Chain Planning Software 119

Supply Chain Planning Software Supply Chain Software ERP Manufacturing Procurement 119

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 Logistics Network Optimization Software Modeling Software 102

Ship Monk

NOVEMBER 14, 2022

For others, they’re signs of elevated stress levels, which can definitely lead to eating way too many cookies. An advertising strategy and budget Financial projections Demand forecasting Growth strategy (see our guides to growth and scaling your ecommerce business). Slice of cake. Fruitcake. #2 What did you learn last year?

eCommerce 52

eCommerce Material Savings Inventory Reduction Cost Reduction 52

Ship Monk

FEBRUARY 12, 2024

A strong customer service game before a purchase is made can help reduce returns. Contact email that responds rapidly The best ecommerce brands will offer all three outlets as part of their strategy to reduce returns. For ecommerce brands, a lot of the time customer service is traditionally associated with dealing with returns.

Inventory Reduction 57

Inventory Reduction Material Savings eCommerce Resource Reduction 57

Logistics Viewpoints

APRIL 24, 2023

Initially, this product will focus on the purchase order (PO) acceptance process. Coupa meets this definition. In its ideal form, these planning processes should help leaders align strategy, financial considerations, and supply chain strategy. That has recently changed.

Supply Chain Design Software 134

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 134

Ship Monk

NOVEMBER 12, 2020

If you’ve been wondering which strategy is more deserving of your time and money, this is the article for you. Repeat customers will make repeat purchases and have a tendency to spend more per order. Instant gratification is definitely satisfying, but so is knowing you’re positively impacting people’s lives!

Expense Reduction 64

Expense Reduction Procurement Analytics Strategy Article 64

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. Fleet management is the process of organizing, coordinating, and overseeing company vehicles.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

Logistics Business Magazine

SEPTEMBER 27, 2022

MV: Definitely. It definitely is. It is easier for us to present the KION Groups strategy to customers and to make it clear that Baoli can definitely have its place in a market that has already grown and that it also stands out clearly from the offerings of other Chinese brands. MV: Of course! MV: Very important!

Negotiating Skills 58

Negotiating Skills Purchasing Skills Manufacturing Procurement Price Reduction 58

Locus

MARCH 27, 2024

Mix it up with omnichannel Omnichannel retailing , the strategy that integrates all shopping channels like online or in-store isn’t just a buzzword—it’s a cost-saving revolution for retail businesses. In essence, omnichannel strategies turn logistical challenges into advantages, making deliveries more efficient and cost-effective.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

Logistics Viewpoints

MARCH 3, 2023

And while this definitely points to an industry making strides, a recent Procurious survey found that 75 percent of women in supply chain experience gender-based adversity. A central part of Amazon’s ultrafast delivery strategy is its network of warehouses that the company calls same-day sites. The company’s Supply Chain 3.0

Supply Chain Planning Software 133

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Design Software Supply Chain Software 133

Ship Monk

SEPTEMBER 29, 2022

If you want to dedicate your entrepreneurial time to that vital marketing and advertising, definitely lean on a 3PL fulfillment provider like ShipMonk that takes fulfillment stresses off your plate. We even have a post-purchase suite to help customers if anything goes wrong with a shipment they receive. Brand Everything.

eCommerce 52

eCommerce Inventory Reduction Supply Chain Planning Software Supply Chain Software 52

10xLogistics

AUGUST 14, 2016

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. These are the point of purchase and the first point of use. The speaker was asked how they decide what service to provide given the costs. 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

3PL Links

SEPTEMBER 5, 2016

The first tip is definitely a game changer. You can get your warehouse and distribution process working like clockwork if you put together vendor compliance rules that cover, among other things, quality, packaging, purchasing terms and delivery time guarantees. Automation. Review and revise.

Tips 59

Tips Distribution Vendor Strategies Procurement Analytics 59

Logistics Bureau

JUNE 14, 2021

Those withstanding the supply chain turmoil were the ones with solid risk mitigation strategies and playbooks in place and investment already sunk into supply chain resilience. Distributing control and power across the workforce, enabling individuals and teams to take definitive actions at the first indication of a threat to the supply chain.

Supply Chain Planning Software 69

Supply Chain Planning Software Optimal Sourcing Supply Chains Inventory Reduction 69

EazyStock

OCTOBER 20, 2020

Firstly, let’s get a few definitions: What is inventory control? Fine-tune your stock replenishment strategies. You can only optimize stock levels when you have informed inventory purchasing practices. Inventory control is the process of managing and regulating the supply, storage and distribution of stock. Supplier lead times.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Locus

SEPTEMBER 19, 2023

Read Also: Definitive Guide to Carbon Neutral Shipping The Need for Carbon Neutral Shipping The increasing demand for faster delivery places pressure on shippers and carriers to deliver promptly or risk losing their customer base. C) Reverse Logistics: Statistics suggest that 92% of customers will purchase if returns are easy.

Optimization Software 52

Optimization Software Cost Reduction Inventory Reduction Logistics Network Optimization Software 52

EazyStock

MARCH 4, 2021

This post will explain how, but first, let’s deal with a few simple definitions. Here are six inventory optimization strategies to improve inventory turnover without damaging stock availability: Know your inventory items’ position in their product life cycle. The Importance of Improving your Inventory Turnover.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59