Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

Locus

JUNE 3, 2022

Source: Statista.com. Transportation was redirected to be used in providing first aid, leading to supply chain bottlenecks, shortages and price hikes. This was followed by heavy rainfall that flooded which caused lumber companies to scale back production, leading to a rise in the prices of wooden products in the United States.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

The Logistics of Logistics

MARCH 18, 2022

Tom is the CEO and Co-Founder of SourceDay , a company that integrates with ERPs to automate purchase order (PO) changes and enable supplier collaboration. Tom Kieley is the CEO and Co-Founder of SourceDay, an Austin based technology company that automates purchase order (PO) changes and enables supplier collaboration.

Supply Chain Software 195

Supply Chain Software Manufacturing Procurement Procurement Solutions Optimal Sourcing 195

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. To learn more about MediLedger, schedule a demo here.

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

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

Ship Monk

SEPTEMBER 6, 2022

One of the most irksome tasks of owning an eCommerce business is keeping track of inventory—not just the number of units, but their costs. Most importantly, it goes into the formula to calculate the cost of goods sold (COGS) which determines whether or not your business is making a profit. So how do you calculate inventory costs?

Purchasing Skills 52

Purchasing Skills eCommerce Inventory Procurement Solutions 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?” In addition to whether shippers are being charged a fair price, there is also the question of whether shippers are getting what they are paying for.

White Paper 98

White Paper Negotiating Skills Purchasing Skills Freight 98

Ship Monk

SEPTEMBER 19, 2022

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. It wasn’t until your business took off and they kicked you out that you began incurring holding costs a.k.a. carrying costs, and needed to learn what those are. So what exactly is holding cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

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. The formula is operating costs/operating revenue. Operating Ratio.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

Logistics Viewpoints

JULY 27, 2023

Many people haven’t even purchased a house that costs as much as a WMS and the search process can be overwhelming. Myth 2 – What you see in the demo is what’s in the product. Is this feature deployed and running in the real world, or just the demo environment? Buying a warehouse management system (WMS) is a big decision.

Procurement Solutions 122

Procurement Solutions Demo Logistics Network Optimization Software Purchasing Skills 122

WorkWave

JUNE 6, 2024

They offer significant benefits in terms of cost savings, control and efficiency, but come with considerations regarding acceptance and potential fees. This system simplifies financial oversight and helps prevent unauthorized purchases through features like spending limits and PIN protection.

Procurement Solutions 105

Procurement Solutions Expense Reduction Procurement Analytics Purchasing Skills 105

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. The local price is an average of those various prices.

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 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

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. All of these challenges potentially create waste in your supply chain.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

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

FEBRUARY 20, 2024

Grasping the Fundamentals From labor costs that hinge on the median electrician’s pay of $27.36 per hour to ensuring your estimates cover both material costs and overhead, mastery over this estimating process is crucial. When it comes to electrical work, understanding the costs involved is crucial for planning your budget.

Negotiating Skills 52

Negotiating Skills Purchasing Skills How To Modeling Software 52

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

Locus

MARCH 21, 2023

Apart from competitive prices and wide product selection, consumers also have steep expectations around the post purchase experience. Moreover, carriers use different approaches for pricing, such as weight, distance, or zones, making it challenging to accurately gauge how it affects your bottom line.

Purchasing Skills 52

Purchasing Skills Eliminating Excel in Purchasing Optimization Software Outsourcing 52

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

JUNE 7, 2024

Companies faced increased parcel delivery costs, driven by fuel and labor cost inflation, and shippers often lack the tools to optimize their transportation spend effectively.” It automates multi-carrier deliveries tailored to specific business constraints around cost, speed, and efficiency.

Vendor Strategies 52

Vendor Strategies Gartner Optimal Sourcing Procurement Solutions 52

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

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

FreightWaves SONAR

DECEMBER 1, 2020

Typically, these include meeting EDI and electronic document standards; use routing guides, which even small companies should have; labeling inbound cartons and pallets with product SKUs and purchase order numbers; and purchase order terms and conditions.” . Hassle or cost to serve. Request a SONAR demo today.

Purchasing Skills 100

Purchasing Skills Freight Procurement Analytics Optimal Sourcing 100

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

EazyStock

FEBRUARY 17, 2021

Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control. However, businesses are also acutely aware that holding inventory costs money. Excessive carrying costs can erode profit margins, while tying up cash in stock can lead to cashflow issues.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

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

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

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

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

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

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.

Optimization Software 104

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 104

Ship Monk

AUGUST 8, 2022

Any company that sells a product carries merchandise inventory with costs that need to be tracked. Not only will tracking inventory costs help you prevent stockouts, avoid backorders , and optimize inventory ordering costs, it can also help you quickly identify rising costs that directly impact your bottom line.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Purchasing Skills 52

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

FEBRUARY 11, 2021

The benefits of benchmarking trucking fleets also include better contract and trucking spot r ate pricing, which means lower driver turnover for trucking fleets. This information will help to reduce costs and allow companies to make better program decisions that benefit the company. Request a FreightWaves SONAR demo to get started.

Procurement Analytics 98

Procurement Analytics Trucking Optimization Software Operations 98

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

Locus

DECEMBER 6, 2022

So there’s less friction, fewer failed delivery attempts and big cost savings for your business. Our advanced scheduling optimization software has dynamically priced, customer delivery slots for both online and in-store purchases. Try a demo with us! Schedule Demo. Source: [link].

Optimal Sourcing 52

Optimal Sourcing Picking Optimization Software Sourcing Strategies 52