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

FreightWaves SONAR

FEBRUARY 15, 2021

This week, learn how executives who manage a trucking business are monitoring carrier operations-based indices to improve profit margins and reduce operational trucking costs. Formula : Operating ratio = total operating costs / operating revenue * 100. Operating Ratio (OPRAT).

Trucking 98

Trucking Expense Reduction Operations Purchasing Skills 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

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

FreightWaves SONAR

AUGUST 13, 2021

I often hear people that speak of supply (capacity) or demand (freight volume) refer to either one as if that explains pricing alone, when in practice, you must understand how each dynamic moves separately. Industrial – PMI (Purchase Managers Index). Retail sales [white] and the Purchasing Managers Index [green] remain very strong.

Manufacturing Procurement 98

Manufacturing Procurement Trucking Purchasing Skills Ordering 98

RPA Labs

NOVEMBER 11, 2021

billion purchase of Transplace; DP World’s $1.2-billion billion purchase of U.S.-based based Syncreon and $890-million purchase of South Africa’s Imperial Logistics; and the GEODIS purchase of Texas-based Velocity Freight Transport, ” according to Logistics Management. Speed of Transit and Rising Transportation Costs.

Freight forwarding 92

Freight forwarding Supply Chain Planning Software Industry Freight 92

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

MARCH 15, 2021

Read on to learn what is SONAR SCI’s Lane Acuity Plus, what it tells subscribers who have purchased SONAR SCI, and how the application aids freight market participants by gaining deeper lane by lane insights around freight shipping. . Paying below-market rates in highly volatile lanes could lead to additional costs. .

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Locus

NOVEMBER 10, 2021

Trends likely to drive Singles’ Day sales. A growing number of customers want to truly make a difference and are becoming careful about their purchases. Supply chain transparency and low-emission transportation are some of the many emerging trends that retailers are adopting to stay ahead of the game.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Trends 52

Locus

AUGUST 2, 2022

” – Drivers of online purchases in the U.S. Being a retailer, the ultimate question on your mind would be, “How to deliver goods quickly and seamlessly while minimizing costs?”. Some emerging trends around last-mile delivery fulfillment models. ” with “Direct delivery to my home.” 2022, Statista.

Modeling Software 52

Modeling Software Optimization Modeling Modeling Trends 52

EazyStock

OCTOBER 20, 2020

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. It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. Cost-effective order quantities. Schedule a Demo.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

FreightWaves SONAR

NOVEMBER 30, 2020

It gives SONAR users visibility to daily changes in the intermodal market and is broken down in detailed granularity not found in other data sources. According to the Association of American Railroads (AAR), rail intermodal is the largest single source of U.S. domestic container volume between L.A.

Purchasing Skills 59

Purchasing Skills Negotiating Skills Sourcing Strategies Freight 59

FreightWaves SONAR

MARCH 12, 2021

If the sales rep doesn’t get hung up on after saying no, their experience will allow them to explain the importance of a brokerage being able to leverage carrier assets, bring more supply to shippers, along with cost savings. The SONAR Operating Ratio index (OPRAT) provides the total operating costs divided by the operating revenue.

Purchasing Skills 90

Purchasing Skills Modeling Software Procurement Analytics After-sales 90

FreightWaves SONAR

DECEMBER 15, 2020

Carriers and transportation experts are always looking for ways to cut costs and maximize spending. A freight spend analysis can help cut those extra costs. By doing so, carriers and experts pinpoint logistics cost contributors. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues.

Analysis 59

Analysis Procurement Analytics Optimization Software Optimal Sourcing 59

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

WorkWave

JUNE 17, 2024

In this rapidly evolving landscape, staying up-to-date with digital marketing trends is crucial for businesses to stay competitive and effectively engage with their target audience in the ever-expanding digital space. This not only encourages customers to make purchases but also creates a sense of exclusivity and value.

Optimal Sourcing 96

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 96

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

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

EazyStock

APRIL 18, 2023

Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. Demand falls.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

Transporeon

MARCH 22, 2018

Depending on the mode of transport and the type of product being shipped, the offer matrix can contain individual price components and different quantity structures and units, along with additional information that can make comparisons difficult.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48

FreightWaves SONAR

NOVEMBER 16, 2020

Using FreightWaves’ extensive data sources, SONAR aggregates estimated future rates for your selected route and equipment type (van or reefer) up to a year in advance and even calculates the low, high and median prices. As the United States heads into holidays, consumers are starting to purchase more goods that need refrigeration.

Refrigeration 105

Refrigeration Capacity Outbound Inbound 105

Blue Grace Logistics

JANUARY 10, 2023

Rising online purchases over the past few years have increased the need for LTL. Consumers are paying the price. The most reported habit changes were consumer price increases, by 70% of surveyed shippers, and expected service level decreases, by 69% of respondents. Cost/pricing—68% of respondents. Whitepaper.

Material Savings 62

Material Savings Price Reduction Purchasing Skills Cost Reduction 62

Locus

DECEMBER 6, 2022

And if you’re a business that is looking to grow, making on-time deliveries, keeping up with customer trends and preferences, delivering exceptional customer experience in the first attempt will be on the top of your list. So there’s less friction, fewer failed delivery attempts and big cost savings for your business. Schedule Demo.

Optimal Sourcing 52

Optimal Sourcing Picking Optimization Software Sourcing Strategies 52

Ship Monk

NOVEMBER 30, 2023

Marketing metrics can help you see what channels and what types of messages bring in the best types of visitors.

Procurement Analytics 64

Procurement Analytics eCommerce Procurement Solutions Manufacturing Procurement 64

Locus

OCTOBER 21, 2022

Between the Covid-19 waves, a trend emerged in the US and the rest of the world that earned the popular name of ‘revenge shopping’. Now almost two years since the black swan event, the trend continues, evolving into much grander, ‘revenge festivities’. Schedule Demo. Sources: [link] [link] [link] [link] [link] [link].

Supply Chain Planning Software 52

Supply Chain Planning Software Meeting Optimal Sourcing How To 52

Locus

OCTOBER 16, 2022

Last-mile reverse logistics is the process of moving goods from the final destination (customers) to their source (fulfillment center or warehouse). Last-mile reverse logistics determine the post-purchase customer experience and brand loyalty. Schedule a Demo Now. Let’s jump in! What is last-mile reverse logistics?

Reverse logistics 52

Reverse logistics Optimal Sourcing Sourcing Strategies Logistics Network Optimization Software 52

FreightWaves SONAR

APRIL 14, 2021

posted a similar gain in March over February, sharply reversing a declining trend. They also had to adapt to things like working and schooling from home, which required furniture and electronic purchases. The trend reversal in January and February has warranted a second look a few months later. Request a SONAR Demo.

Manufacturing Procurement 52

Manufacturing Procurement Capacity Procurement Analytics Trucking 52

EazyStock

JUNE 16, 2022

AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. ML models teach themselves over time by analyzing trends and spotting anomalies and then offering predictive insights. Using AI to improve demand forecasting.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

EazyStock

MARCH 4, 2021

Most items in the growth stage will experience an upward demand trend. Possible strategies include reducing your reorder quantities and levels of safety stock or using marketing campaigns or pricing tactics to increase demand and move the stock faster before your customers lose interest altogether. Cost to sell. Pick frequency.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Shipchain

NOVEMBER 22, 2019

New trends and technologies, coupled with globalization, mean that supply chains are the most complex they’ve ever been. All of this data comes together to help you understand your customers, competitors, overall industry and purchasing trends, and so on. And in today’s day and age, supply chain is ever-evolving.

Supply Chain Software 70

Supply Chain Software Supply Chains Optimization Software Price Reduction 70

EazyStock

JUNE 23, 2022

Inventory management information usually comes from a variety of data sources and is either structured or unstructured. Big data is used to understand trends and patterns in behavior. Bluetooth, WiFi, and connected RFID devices can bring efficiency and cost savings to companies. Big data and the benefits to inventory managers.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

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

WorkWave

OCTOBER 17, 2024

Include data on industry trends, growth projections and customer demand. better customer service, faster delivery times, or lower costs). This section should introduce your team and highlight their skills and experience. This section should be an in-depth exploration of the delivery and transportation industry. through 2027.

Cost Reduction 52

Cost Reduction Logistics Network Optimization Software Transportation Purchasing Skills 52

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. Promotion management If you have upcoming promotions, price changes or other internal data that could impact demand, ensure you get this from sales and marketing teams.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

If a product isn’t available for customers to purchase because it’s out of stock, they will likely turn to a competitor and might not return. If you have upcoming promotions, price changes or other internal data that could impact demand, ensure you get this from sales and marketing teams. Promotion management. Demand sensing.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 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

EazyStock

APRIL 13, 2022

Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits. These suit industries where products are either low cost or high revenue – or both. These include cement, steel, paper, commodities and low-cost fashion.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52