GlobalTranz

DECEMBER 5, 2018

For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.

Price Reduction 67

Price Reduction Resource Reduction Cost Reduction Inventory Reduction 67

Freightos

OCTOBER 26, 2020

Oil prices tanked, cancellations increased and Maersk drilling and supply chain services would run up nearly $2 billion dollars in annual losses. So three months after an executive meeting on June 23rd , an updated strategy was released, tracking a radical shift into a slimmer Maersk, focused on providing end-to-end logistics services.

Logistics Network Optimization Software 134

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Price Reduction 134

Material Handling and Logistics

JULY 16, 2018

Companies need to come clean and eliminate common supply chain offenses to deliver the greatest value to their customers. From the product to its condition and even documentation, the demand for excellence involving all parts of the process has intensified. Inaccurate Billing. The supply chain is evolving more rapidly than ever before.

Supply Chain Software 111

Supply Chain Software Supply Chains Modeling Software Optimization Software 111

Freightera

DECEMBER 24, 2024

Unlike FTL, where one shipper books an entire truck for their load, LTL requires additional care to be put into accurate labeling, documentation, and packaging to ensure that goods are not lost or damaged. A reliable freight platform, like Freightera, can simplify the process for you with real-time tracking and transparent pricing.

Freight 42

Freight Optimization Software Document Packaging 42

GlobalTranz

MAY 29, 2018

Parcel auditing is an excellent means of recapturing revenue by reducing parcel transportation costs for shippers around the globe. Parcel Audits Identify Much More Than Just Billing Problems The previous example focused solely the finances of billing problems, but parcel audits can identify other issues that adversely affect a business.

Cost Reduction 60

Cost Reduction Price Reduction Transportation Outsourcing 60

SYSPRO Smarter ERP

JANUARY 12, 2022

They have a contract with a supplier who delivers on time, and who charges acceptable prices. The first stage of reimagining procurement is to look at sourcing strategies. The two main pillars of sourcing will be alternative suppliers and alternate pricing. The reduction of manual processes also decreases the manual workload.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

Shipchain

MARCH 13, 2019

For example, initiating a recall is streamlined through blockchain by showing all movements of affected shipments. Supply chain leaders can validate payments for goods through blockchain, thereby reducing fraud. Tracking data while in transit reduces damage and ensures drivers maintain compliance. Trucks in the U.S.

Supply Chain Planning Software 119

Supply Chain Planning Software Waste Reduction Logistics Network Optimization Software Freight 119

MTS Logistics

FEBRUARY 26, 2024

Expertise of Freight Forwarders Freight forwarders are well-versed in the knowledge of how to handle the customs regulations and documentation for your international shipments. We ensure that every consignment complies with the specific rules of each country, reducing the risk of delays or customs-related issues.

Freight forwarding 111

Freight forwarding Negotiating Skills Freight Negotiate Pricing 111

MTS Logistics

AUGUST 10, 2020

Documentation: it can be multiple items for different documentation (e.g. Documentation fee may be considered per shipment. Freight All Kinds (FAK) is a pricing system that combines different classes of shipments into a given classification. It reduces documentation and billing errors since there is less classification.

Negotiating Skills 98

Negotiating Skills Freight Document Price Reduction 98

WorkWave

MARCH 26, 2024

Let’s delve into this topic to understand its significance and explore strategies for optimizing delivery routes to enhance customer satisfaction. By minimizing fuel consumption, reducing vehicle wear and tear, and optimizing driver schedules, businesses can cut down on operational costs associated with logistics.

Optimization Software 105

Optimization Software Optimization Logistics Network Optimization Software Cost Reduction 105

GlobalTranz

APRIL 25, 2017

The concept of actionable intelligence is about using technology and software to ensure company goals reflect industry strategy and demands. For example, companies partnering with 3PLs can maintain control of order and load sizes, decrease accessorial charges and provide higher service levels to customers. Why Work With a 3PL?

Supply Chain Software 62

Supply Chain Software Cost Reduction Resource Reduction Vendor Strategies 62

Logistics Bureau

NOVEMBER 12, 2024

It’s also important to document any constraints that will impact your plans to meet those objectives. For example, your company’s objective might be to achieve maximum operational productivity, to improve customer service, or perhaps to minimise capital expenditure. Order and picking profiles should be examined too.

Modeling Software 72

Modeling Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 72

SYSPRO Smarter ERP

MAY 14, 2024

As recently as 2021, survey data reveals that 98% of manufacturers have, are, or are planning to implement an eCommerce strategy. This centralization ensures that product information is consistent across all channels, reducing the risk of errors and confusion for customers.

Manufacturing Procurement 110

Manufacturing Procurement eCommerce Supply Chain Planning Software Optimization Software 110

GlobalTranz

JUNE 10, 2015

For example, if the receiving department handles the paperwork or incoming shipment incorrectly, the claims department will be unable to collect reimbursement for the damaged shipment. A carrier isn’t going to remove charges because of a holiday for example. #3: We repeat: have your documentation. You really can’t long term.

Purchasing Skills 100

Purchasing Skills Price Reduction Logistics Network Optimization Software Inbound 100

SYSPRO Smarter ERP

JUNE 22, 2022

Margins for manufacturing firms are under pressure from increasing competition, rising material prices, high labour costs and supply chain disruptions. For example: Your inventory manager likely wants better accuracy of the quantity and location of inventory. Picking (in batches, by expiry date or by location, for example).

ERP 98

ERP Supply Chain Planning Software Inventory Reduction Supply Chain Design Software 98

Freightos

JUNE 17, 2024

Third-party platforms reduce these upfront costs by providing access to state-of-the-art AI tools and technologies on a “pay per drink” subscription basis. For a young startup, it’s a small price to pay for the out of the box functionality, which has taken nearly 10 years to develop so far.

Modeling Software 119

Modeling Software Optimization Software Logistics Network Optimization Software Cost Reduction 119

SYSPRO Smarter ERP

JUNE 22, 2022

Margins for manufacturing firms are under pressure from increasing competition, rising material prices, high labour costs and supply chain disruptions. For example: Your inventory manager likely wants better accuracy of the quantity and location of inventory. Picking (in batches, by expiry date or by location, for example).

ERP 97

ERP Supply Chain Planning Software Inventory Reduction Supply Chain Design Software 97

Trinity Logistics

MAY 9, 2022

So, let’s dive into each of these markets so you can better determine your business’s strategy. TECHNOLOGY NEEDED FOR RFPS NEED HELP WITH YOUR STRATEGY FOR COMPETITIVE SHIPPING FREIGHT RATES? Thus, an increase in supply will lower spot rate prices if not accompanied by increased demand. TABLE OF CONTENTS WHAT ARE SPOT RATES?

Freight 116

Freight Price Reduction Logistics Network Optimization Software Supply Chain Planning Software 116

GlobalTranz

FEBRUARY 27, 2015

As a 3PL who offers a transportation management system we’ve integrated to many ERP software, we view the use of technology as an enablement tool for shippers to cut out unneeded waste and thus add more to the bottom line by saving money from such efficiency. Increased bid competitiveness through pricing accuracy.

Manufacturing Procurement 110

Manufacturing Procurement ERP Logistics Network Optimization Software Procurement Solutions 110

Shipping and Freight Resource

FEBRUARY 4, 2020

digitally transform the business and its strategy. Some examples and benefits of digitalisation in shipping are. Whether digital or manual, the business of shipping involves a lot of documentation. Here is a real life example. For example, seafood products are best shipped at -20°C (-4°F) or lower.

Freight 98

Freight Supply Chain Planning Software Supply Chain Design Software Modeling Software 98

Conger

DECEMBER 13, 2022

If you're looking for ways to reduce lead times, you’re in the right place. Because in this post, you’ll find 11 effective strategies for doing just that. Identify and Eliminate Bottlenecks. The closer the supplier is to your warehouse or manufacturing plant or location , the easier it is to reduce lead times.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

Logistics Bureau

JANUARY 13, 2025

Documentation and Compliance: Here’s where things get interesting – and sometimes complicated. Pricing Structure: Remember those simple shipping options you see when shopping online? For example, some consumers will want to save money above all else, either generally or in a specific shopping scenario.

Purchasing Skills 40

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 40

GlobalTranz

AUGUST 9, 2016

Lean thinking focuses on the elimination of all waste (where waste is defined as any non-value added process) and bringing value to the customer , beyond the customer’s expectations. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and.

Waste Reduction 53

Waste Reduction Cost Reduction Inventory Reduction Price Reduction 53

Conger

JULY 28, 2022

Plenty of examples of warehousing. Perhaps the most prominent fulfillment center example is Amazon’s fulfillment centers. It eliminates the need for separate warehousing or another facility for storage. Because they help reduce waste by consolidating all items going to specific geographic areas. Their pros and cons.

Examples 52

Examples Definition Supply Chain Design Software Supply Chain Software 52

Dedola Global Logistics

MAY 21, 2021

The key is to reduce volumetric weight while still providing maximum protection for your goods, thereby optimizing your shipping process. An example of special commodities includes electronic items that contain batteries. Include All Proper Documentation. Special Commodities Such as Electronics. Cargo Insurance.

Freight 98

Freight Freight forwarding Cost Reduction Packaging 98

Logistics Bureau

AUGUST 7, 2023

We’ll be pleased to assist you in implementing methods to sense customer demand more accurately, enhancing your ability to optimise inventory levels, reduce stock-outs, reduce carrying costs—and ultimately increase profitability. Would you like to improve your forecasting and achieve greater inventory control ?

Inventory Reduction 98

Inventory Reduction eCommerce Inventory Procurement Solutions 98

Conger

MARCH 22, 2024

In this article, we explore how these AGVs are changing the warehouse industry by minimizing human error, reducing labor costs, and setting new standards for productivity and safety. By taking over repetitive tasks from humans, AGVs cut down on workplace injuries caused by overexertion or human error. Let’s dive in!

Materials Handling 78

Materials Handling Material Savings Supply Chain Software Cost Reduction 78

Dedola Global Logistics

DECEMBER 16, 2019

How To Reduce Soft Costs in Shipping. An experienced forwarder or third-party logistics company (3PL) can help you improve your bottom line by reducing your soft costs in addition to saving you money on hard costs. . For instance, things like fuel prices, hourly wages for employees, and materials are some hard costs.

Cost Reduction 52

Cost Reduction Negotiating Skills Material Savings Resource Reduction 52

GlobalTranz

MAY 13, 2015

Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 These are all examples of the effects production may have on the environment, in local communities, or on the people who grow and make what we sell.”

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

Forto

JANUARY 10, 2020

Outsourcing production to countries with lower wage levels has also enabled companies to reduce costs. And with these factors as your tailwind we think that the following 8 strategies will take your business to the next level. And don’t get discouraged, because developing a good export strategy takes time.

Cost Reduction 40

Cost Reduction Price Reduction Sourcing Strategies Strategy 40

Now, That's Logistics

FEBRUARY 4, 2021

With the latter, carriers are able to eliminate costly manual work, reduce reliance on labor, and streamline their operations. Blame the high volume of required documents—invoices, bills of lading, letters of credit, and inspection certificates, etc.—with with even further complicating the shipping process.

Supply Chain Design Software 78

Supply Chain Design Software Optimization Software Logistics Network Optimization Software Supply Chain Software 78

Conger

MARCH 22, 2024

In this article, we explore how these AGVs are changing the warehouse industry by minimizing human error, reducing labor costs, and setting new standards for productivity and safety. By taking over repetitive tasks from humans, AGVs cut down on workplace injuries caused by overexertion or human error. Let’s dive in!

Materials Handling 74

Materials Handling Material Savings Supply Chain Software Cost Reduction 74

WorkWave

MARCH 27, 2025

For example, alcohol shipments often require age verification, excise tax payments and adherence to local distribution laws, while medical materials must meet stringent safety and quality standards set by regulatory bodies like the FDA or EMA.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Optimization Software 52

Freightos

JANUARY 12, 2017

While 90% of everything is shipped by ocean, air connects the world faster, cutting China-US freight shipping time from 20-30 days by ocean to only 3 days by air cargo. In general numbers, air freight is usually 5X the price of trucking and 16X the price of ocean freight, according to the World Bank. Documents and Samples.

Purchasing Skills 48

Purchasing Skills Price Reduction Cost Reduction Trends 48

SYSPRO Smarter ERP

MAY 2, 2024

We are starting to see document recognition services in AI which automate tasks such as invoicing, purchase orders and bank reconciliations. Cloud-based ERP momentum continues Driven by the need to modernize business processes and access cutting-edge technologies such as AI, manufacturers will continue to adopt cloud ERP in 2024.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

Trinity Logistics

MARCH 6, 2025

This may include how orders are communicated to them, what documents are needed to support the shipment, and which systems they interact with (such as a warehouse management system – WMS) to notate information like planned vs. actual shipment details. Taking a phased approach significantly reduces that timeline.

Supply Chain Planning Software 62

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Procurement Solutions 62

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. For example, are you still a minority owned company?

Manufacturing Procurement 124

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 124