GlobalTranz

JANUARY 21, 2015

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. What is Reverse Marketing?

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

Shipchain

FEBRUARY 7, 2019

Additionally, global trade scales are vulnerable to an impending digital documentation revolution, as noted by Kyunghee Park of Bloomberg.com. For shippers to stay competitive with big-box retailers like Walmart along with growing e-commerce vendors, they must think outside the box and cut costs wherever possible.

Logistics Network Optimization Software 112

Logistics Network Optimization Software Supply Chain Software Vendor Strategies Cost Reduction 112

WorkWave

MAY 24, 2024

Sources cite the resiliency of essential services , predictive recurring revenue and business model growth opportunities enabled by technology, training and development as being reasons behind the interest. WorkWave: How important is trust and transparency during the due diligence and negotiations processes?

Negotiating Skills 98

Negotiating Skills Buyer Training Purchasing Skills Modeling Software 98

Freightera

OCTOBER 12, 2021

Shipping documents can make an existentialist out of anyone pretty quickly, which is why we’ve compiled a list of documents that you might need, depending on your mode of shipping (air, ocean, or road). Common shipping documents: Bill of Lading. Shipping labels are not a standalone document, but an addition to the BOL.

Document 42

Document Definition Freight Manufacturing Procurement 42

Logistics Bureau

OCTOBER 31, 2017

For example: Paperwork and data entry: WMS has reduced the need for people to spend time completing paper forms or entering data from documents into spreadsheets and other data-management applications. There are rows and rows of file boxes stored on pallets, presumably containing years of paper records and documents.

Supply Chain Software 63

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 63

GlobalTranz

JUNE 18, 2015

This presents opportunities for developing new revenue streams, an exciting challenge to logistics professionals. Quality, service, costs, environmental and legislative issues are strategic issues that must be managed in addition to the operational challenges mentioned above. Need For Reverse Logistics Breeds Opportunity.

Reverse logistics 103

Reverse logistics Optimization Software Logistics Network Optimization Software Transportation 103

ShipLilly

JUNE 30, 2021

STEP 1: Vehicle documentation. Begin by gathering all the documents related to your car. Never stash boxes or other items in the car in the hope that they can be transported at no cost. STEP 9: Preparing and presenting a bill of lading. Prepare and present your bill of lading to get the process going.

How To 79

How To Document Expense Reduction Presentation 79

GlobalTranz

FEBRUARY 27, 2015

Increased bid competitiveness through pricing accuracy. Running our pricing accurately was a huge problem… it is fairly easy now, and further use of reporting features will help with this. More accurate pricing means we can win bids against some of the largest food companies out there. Lower inventory carrying costs.

Manufacturing Procurement 110

Manufacturing Procurement ERP Logistics Network Optimization Software Procurement Solutions 110

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.”

Supply Chain Planning Software 129

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 129

Talking Logistics

JANUARY 16, 2018

It has been further spurred by the trend of nearshoring over the last decade, as American companies have relocated their manufacturing facilities to Mexico to take advantage of a skilled workforce, improving infrastructure, and proximity to the United States. In Mexico, the basic Mexican import document is the pedimento de importacion.

Optimal Sourcing 163

Optimal Sourcing Logistics Network Optimization Software Optimization Software Manufacturing Procurement 163

Shipping and Freight Resource

MAY 2, 2021

An original bill of lading and especially a “Negotiable Bill of Lading” is a very important document in global trade as it is the basis on which goods are released to the right person and also the title is established. Needless to say, each bank will have their own working policies, but this would be the general route to follow.

Buyer Training 72

Buyer Training Purchasing Skills Cargo Document 72

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 Viewpoints

JANUARY 11, 2023

Last week, I gave the keynote presentation at the Dangerous Goods Symposium, sponsored by LabelMaster and the DG Exchange. In my presentation, I highlighted five key transportation trends that are changing supply chains from a technology standpoint. The industry’s well-documented labor shortages are not ending anytime soon.

Supply Chain Planning Software 122

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 122

Blog on Log

SEPTEMBER 18, 2006

Supply chain management (SCM) is one of the key drivers in today's business world with offshore sourcing, foreign competition and global markets. SCM requires reducing costs, increasing inventory velocity and compressing cycle time; and some say these three may not be compatible or consistent. Or, for the time it takes.

Purchasing Skills 40

Purchasing Skills Cost Reduction Supply Chain Planning Software Procurement Analytics 40

Freightos

OCTOBER 26, 2020

The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Oil prices tanked, cancellations increased and Maersk drilling and supply chain services would run up nearly $2 billion dollars in annual losses. Meanwhile, Maersk’s energy business was being hammered.

Logistics Network Optimization Software 134

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

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. So pay close attention to those technical documents; they contain the secrets to maintaining profitability.

Negotiating Skills 52

Negotiating Skills Purchasing Skills How To Modeling Software 52

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

SYSPRO Smarter ERP

MARCH 14, 2023

Documenting what infrastructure changes or upgrades will be needed to support the new software is important. The onus is then usually on the CIO to monitor and report on the ongoing monthly costs to ensure the project does not go over budget. Infrastructure A new ERP system will almost certainly require investment in infrastructure.

ERP 105

ERP Optimization Software Optimal Sourcing Procurement Solutions 105

Talking Logistics

JULY 25, 2018

In fact, at one conference this spring, after delivering a keynote presentation that had nothing to do with technology, the very first question I received from the audience was “What do you think about blockchain and its potential in supply chain management?”. Source: IBM. Ron Castro, IBM’s Chief Supply Chain Officer.

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 92

GlobalTranz

APRIL 5, 2016

However, the economy is on the mend, and the need for immediate cost savings and lean solutions is starting to take the backburner to how 3PL Logistics Companies could benefit shippers through long-term relationships. The needs of yesteryear-clients were quite simple: get costs under control quickly. They get lost or misplaced.

Negotiating Skills 55

Negotiating Skills Logistics Network Optimization Software 3PL Purchasing Skills 55

Logistics Bureau

NOVEMBER 14, 2018

Another supplier guarantees lower supply prices that would re-establish the margins your company needs to meet its objectives. Your Italian company is negotiating the supply of aerospace products to a government in Asia. Sanctions can include boycotting purchases of a company’s products or services, or voting governments out of power.

Procurement Analytics 84

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 84

CH Robinson Logistics

FEBRUARY 4, 2021

In Asia, government-mandated lockdowns and closed shopping malls during the ongoing pandemic drove individuals to purchase everything from groceries, to gym equipment and digital accessories online. Our goal is to promote an ‘open ecosystem’ to ensure that customer needs are met with efficient and transparent services at reasonable costs.

eCommerce 115

eCommerce Logistics Network Optimization Software Modeling Software Supply Chain Software 115

Freightos

MAY 31, 2022

I can walk into a local shop and purchase products from all around the globe. This isn’t just about consumerism; it’s inspiring to think that in purchasing an imported product, we are, in a tiny way, helping provide employment for people across our planet, often in developing countries. I started Freightos a decade ago, in 2012.

Purchasing Skills 62

Purchasing Skills Supply Chain Planning Software Manufacturing Procurement Logistics Network Optimization Software 62

Logistics Bureau

JULY 21, 2017

Since then the company has competed in the low-cost, big-box, variety retail market alongside chains like Wal-Mart and Target, but despite growing to boast over 2,000 outlets by the late 1980s, has since been continuously losing market share. The Failing Kmart Business Strategy. The first Kmart store opened way back in 1962.

Cost Reduction 68

Cost Reduction Inventory Reduction Price Reduction Vendor Strategies 68

Logistics Business Magazine

APRIL 17, 2024

Companies must also consider cost implications, accurate demand forecasting, trend analysis, process automation, and logistics considerations. Cost implications play a pivotal role in delivering exceptional experiences for end-users. Secondly, identifying root cause inefficiencies presents a formidable challenge for businesses.

Supply Chain Software 60

Supply Chain Software Supply Chains Optimal Sourcing Optimization Software 60

3PL Links

OCTOBER 19, 2022

Reverse Logistics Solutions | Image Source: dreamstime.com. Continuously reassess and improve the process: Although this phase is present in every process but is frequently skipped, leaders are nonetheless responsible for it. Reverse Logistics Solutions | Image Source: aptean.com. Implementing best practices.

Reverse logistics 62

Reverse logistics Procurement Solutions 3PL Vendor Strategies 62

Logistics at MPEPS at UPV

MAY 7, 2022

By definition, Incoterms are a set of 11 globally accepted standards, issued by the International Chamber of Commerce (ICC), that specify sellers’ and purchasers’ duties. So, always have in mind this part in business so you won’t find any unpleasant surprises in your negotiations.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Definition Document 52

Globalior

DECEMBER 25, 2020

These terms define the liabilities, responsibilities and cost allocation between buyers and sellers in shipping transactions. They are usually used with a sales contract or any other sale agreement document. Free carrier (FCA) requires presentation of on-board bill of lading to the seller. Security obligations.

Buyer Training 52

Buyer Training Freight Purchasing Skills Negotiating Skills 52

Globalior

JUNE 20, 2020

As of 2020, the standard application cost for a single permit is $2.88. Step six: Make sure you’ve got complete documentation for the clearance of cargo Permits that got approved for cargo clearance have an expiration date. Step Seven: Preservation of Trade Documents is compulsory. The post How to import in Singapore?

How To 52

How To Document Presentation Procurement Solutions 52

GlobalTranz

JUNE 6, 2018

This includes purchasing freight or cargo insurance. Thus, shippers should consider purchasing additional cargo insurance when using full truckload. Even when purchasing cargo insurance, shippers should follow a few tips to help mitigate risk in transit. Use an automated system to review cargo insurance offers for all shipments.

Cargo 55

Cargo Price Reduction How To Freight 55

GlobalTranz

OCTOBER 19, 2018

Challenges in Using Blockchain in E-Commerce The difficulties of blockchain depend on the source questioned. In other words, the technology will continue to present challenges until its use becomes a standard in global and domestic trade. Increased use will reduce fraudulent, counterfeit products.

Logistics Network Optimization Software 84

Logistics Network Optimization Software Supply Chain Software Material Savings Procurement Solutions 84

Parade

JUNE 24, 2019

In a recent article, Peter Rentschler, CEO at CarrierDirect, discussed why freight brokerages should focus on better utilizing their existing Transport Management System (TMS) to increase operational efficiency, rather than investing in upgrading their systems or purchasing something new. QuickBooks) Project management software (e.g.,

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Procurement Solutions Logistics Network Optimization Software Freight 60

Parade

JUNE 24, 2019

In a recent article, Peter Rentschler, CEO at CarrierDirect, discussed why freight brokerages should focus on better utilizing their existing Transport Management System (TMS) to increase operational efficiency, rather than investing in upgrading their systems or purchasing something new. QuickBooks) Project management software (e.g.,

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Procurement Solutions Logistics Network Optimization Software Freight 60

GlobalTranz

JANUARY 23, 2018

Data visualization can be applied to any supply chain process that presents users with information enabling the immediate adjustment of operations or sharing of information. This will help encourage effective, efficient deployment of new systems and services, while helping to curb the existing skills gap. Let’s face facts.

Supply Chain Software 76

Supply Chain Software Supply Chains Trends Logistics Network Optimization Software 76

Conger

JANUARY 17, 2023

That includes: Key differences between lithium-ion and lead-acid The major features, advantages, and benefits of lithium-ion What you need to be aware of before considering a switch to Li-ion Major lithium-ion forklift battery manufacturers How much lithium-ion forklift batteries cost And lots more… Let's dive in!

Cost Reduction 52

Cost Reduction Purchasing Skills Manufacturing Procurement Material Savings 52

Ship Monk

JANUARY 29, 2024

Each time a customer makes a purchase from your ecommerce brand they are giving you two things. And if the purchase doesn’t end up working out for some reason; they’re trusting that your ecommerce brand will take care of it and them. Be Present Customers should be able to find the answers they need, and the help they need, quickly.

eCommerce 105

eCommerce Logistics Network Optimization Software Eliminating Excel in Purchasing Supply Chain Software 105

Parade

JUNE 24, 2019

Just because tech presents excellent opportunities for your brokerage, doesn't mean you have to become a tech company. To assist you, you should purchase the most affordable Transport Management System (TMS) that only builds rate confirmations to move loads. Some low-cost TMS options in the market can get you moving. Truckstop).

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Procurement Solutions Logistics Network Optimization Software Freight 60