PINC

AUGUST 31, 2020

Ever wonder how your carriers come up with their lane pricing? Here are five determining factors that carriers use when developing their lane pricing: Current freight volume. When that demand wanes, lane pricing usually retreats along with it. Carriers have options and they are exercising them in search of margins.”.

Price Reduction 69

Price Reduction Cost Reduction Modeling Software Exercises 69

Logistics Bureau

JANUARY 7, 2020

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 111

Logistics Bureau

SEPTEMBER 4, 2023

If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. Process Performance What if the problem isn’t connected to products, customers, or pricing but lies instead with process performance? Are Your Profit Margins Declining?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

Logistics Bureau

AUGUST 2, 2021

Competitiveness of Pricing. The price you pay your vendors for their products is a significant factor in your company’s ability to compete in its market. However, your company probably procures a wide range of indirect supplies, and this is where pricing can impact your competitive advantage. Supplier Defect Rate.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

ShipLilly

SEPTEMBER 20, 2021

CMA CGM is based in France and is the third largest ocean carrier in the world today; they recently decided to halt further price increases on their spot freights. However, the sceptics are not convinced that this move is meant to provide price relief to customers and the anticipated bottom-line effects may not materialize.

Price Reduction 94

Price Reduction Cost Reduction Material Savings Maritime 94

Logistics Viewpoints

JUNE 28, 2024

The end result is a blending of biotechnology and artificial intelligence to help us overcome our feeble human lives by cutting down on human aging as much as possible. It is the company’s largest plastic packaging reduction effort in North America to date and will remove almost 15 billion plastic air pillows from use annually.

Purchasing Skills 117

Purchasing Skills Logistics Network Optimization Software Waste Reduction Price Reduction 117

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.

Cost Reduction 98

Cost Reduction Purchasing Skills Waste Reduction Material Savings 98

SYSPRO Smarter ERP

AUGUST 22, 2022

With the volatile markets, offshore price cutting and increasing customer demands for quality, speed and customization, metal fabricators have had to become more innovative and adopt technology solutions to maintain competitive advantage. Challenge: Meeting unique customer requirements.

Supply Chain Design Software 105

Supply Chain Design Software Manufacturing Procurement Optimization Software Supply Chain Software 105

The Lean Thinker

DECEMBER 21, 2017

If you choose to buy the book, I get small affiliate kickback that doesn’t affect the price you pay. On the one hand, the practice has become more sophisticated as people explore and learn application in contexts other than the original industrial examples. A Bit of History: Toyota Kata has Evolved. Check Equipment Capacity.

Material Savings 237

Material Savings Examples Resource Reduction How To 237

GlobalTranz

FEBRUARY 24, 2015

Transportation spending is a perennial target of budget-cutting exercises, and a large, multi-faceted cost center for many companies; some may spend three to six percent of their materials costs on transportation. Accurate transportatin data is likely the single most important factor in a sustainable cost reduction plan.

Data 94

Data Transportation Cost Reduction Material Savings 94

Talking Logistics

APRIL 6, 2017

While these approaches can certainly deliver a significant return on investment (ROI), other strategies that can positively impact their transportation network are often overlooked – for example, thinking more strategically about capacity. Do you have a resilient and “stress-able” routing guide?

Capacity 73

Capacity Price Reduction Sourcing Strategies Cost Reduction 73

Logistics Viewpoints

JULY 22, 2021

For example, forecasts are generated using the past three years of history, implicitly assuming history repeats. Madhav Durbha is the Vice President of Supply Chain Strategy Coupa Software , where his team helps customers and prospects solve various supply chain challenges.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Scenario Planning 116

Logistics Bureau

NOVEMBER 14, 2018

You then set a sales price for that product. Your sales price minus your production cost is your overall profit or margin; at least, before allowing for further expenses. The real value of knowing your Cost to Serve a given customer is to identify opportunities to increase or recover profit, rather than cut losses.

Purchasing Skills 93

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 93

Logistics Viewpoints

MAY 22, 2023

Moreover, this exercise might need to be repeated several times depending on how the war proceeds. For example, we can have “Texas Small Volume” customers and “Florida Peak Season” customers, or “East Coast High Margin” customers and “Carolinas High Priority” customers. Their time frame was short and resources limited.

Supply Chain Design Software 112

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 112

Logistics Bureau

NOVEMBER 8, 2021

Supply chain management objectives can encompass several success factors, including cost reduction, supply chain speed, efficiency, and service improvement. So, for example, if your business competes strongly on price, you might go heavy on the cost-reduction side of supply chain management, setting objectives centered on savings.

Supply Chain Software 96

Supply Chain Software Supply Chains Scenario Planning Cost Reduction 96

Logistics Business Magazine

NOVEMBER 24, 2022

Building resilience into their operations, either through new business strategies or new digital capabilities, is now a key priority for all shippers, carriers and logistics service providers. One example is multi-shoring. However, this will go a step further in 2023. Collaboration takes centre stage.

Trends 68

Trends Sourcing Strategies Transportation Cost Reduction 68

Trinity Logistics

AUGUST 13, 2021

One example is the shortage of citric acid, as it’s often used in vitamin or electrolyte drinks, even in soda. These material shortages mean tight supplies, high prices, and continued delivery delays. In certain regions, prices for chlorine tablets have doubled from last year. Gas, Oil, Fuel.

Industry 109

Industry Supply Chain Planning Software Material Savings Supply Chain Software 109

FreightWaves SONAR

MAY 14, 2024

Aggressive pricing/cost savings strategies have contributed significantly to creating a sustained volatility in the domestic transportation market. Shippers drive prices higher when they bid against one another for available capacity in tight markets. Carrier networks tend to be relatively congruent with national trends.

Price Reduction 52

Price Reduction Material Savings Cost Reduction Sourcing Strategies 52

Blue Grace Logistics

OCTOBER 26, 2017

Some truck carriers have introduced last mile delivery services for items such as exercise equipment, mattresses, and furniture. As a result, some truck carriers such as JB Hunt, Estes and Werner have introduced last mile delivery services for items such as exercise equipment, mattresses, and furniture. Pricing and Labor.

Logistics Network Optimization Software 69

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 69

ShipLilly

FEBRUARY 8, 2023

Moreover, the industry was dealing with rising prices and a global economic situation that was far from stable. For example, some businesses could position themselves as the source for hard-to-find items that have not been recently stocked by most rivals. Historical data, as well as informed projections, can be useful in this exercise.

Inventory Reduction 52

Inventory Reduction Inventory Handling Price Reduction 52

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Negotiating Skills 96

Negotiating Skills Logistics Network Optimization Software Purchasing Skills Supply Chain Planning Software 96

Logistics Business Magazine

MAY 5, 2020

With current events in mind, managing future supply chain disruptions will be an integral component of corporate strategy. Creating supply chain resilience is a holistic exercise that involves more than just a few savvy logistics people. How then to build a strategy? Unpredictable is not a reason to be unprepared.

Supply Chain Planning Software 45

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 45

Logistics Bureau

DECEMBER 28, 2024

This loss of focus can result in under performance and revenue reduction. For example, companies who have their own in house vehicle fleets often struggle to deliver products on time. Many companies struggle with the vexing question; is outsourcing warehousing the right strategy for me?

Outsourcing 52

Outsourcing Inventory Reduction Cost Reduction Price Reduction 52

Conger

FEBRUARY 4, 2025

You may already know that just having your drivers license wont cut it when it comes to operating a forklift. Practical Training – This includes demonstrations performed by the trainer and practical exercised performed by the trainee. Your formal training does not need to take place in a classroom.

Buyer Training 52

Buyer Training Training Operations Materials Handling 52

WorkWave

AUGUST 22, 2024

In this article, we will explore 11 proven sales strategies that can help you increase your flower shop sales and cultivate lasting relationships with your clients. However, it’s vital to exercise caution and avoid over-ordering, as this can lead to waste reduction challenges and increased expenses. GET A FREE DEMO 7.

Optimization Software 52

Optimization Software Cost Reduction Price Reduction Expense Reduction 52

Logistics Bureau

JANUARY 30, 2017

Supply chain mistakes like the five common examples I’m about to reveal , all have the potential to handicap business performance—which is why your company should avoid them (or address them if it’s too late for avoidance). Development of profitable strategies for customer or product segmentation.

Supply Chain Design Software 67

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 67

Logistics Bureau

SEPTEMBER 25, 2016

Your supply chain strategy should support and align with that of your business generally. So for example, if you plan to offer greater product availability than your competitors, you will want to establish a different set of supply chain benchmarks than a company that wants to compete successfully on product pricing or on quality.

Supply Chains 70

Supply Chains Scenario Planning Cost Reduction Waste Reduction 70

Logistics Bureau

JULY 18, 2018

Looking to real-life examples for inspiration, we can ask, ‘Who does reverse logistics well?’ For regulators and the public, reverse logistics may be judged by how safe and how green the process is, for example, recycling products instead of throwing them into a landfill. Reverse Logistics Strategy 1: Don’t do it!

Reverse logistics 53

Reverse logistics Vendor Strategies Logistics Network Optimization Software Supply Chain Design Software 53

Talking Logistics

MAY 10, 2018

Due to the restrictions placed upon carriers by ELDs, the farthest freight from the ramp is being scrutinized in the drayage community, and these carriers are exercising choice when it comes to longer haul lengths. Shippers are now seeing widespread increases of 3-15%, and every intermodal move is going up in price to a degree.

Cost Reduction 73

Cost Reduction Capacity Examples Exercises 73

WorkWave

MARCH 1, 2023

For example, a home with natural light can help improve your mood and provide better sleep. For example, you might create a productivity space if you’re starting a home business. Think about home improvements that reduce noise, introduce natural light, and create opportunities for relaxation.

Exercises 52

Exercises Cost Reduction Material Savings Price Reduction 52

Automotive Logistics

APRIL 15, 2019

Many early examples have focused on warehouse management and product picking, but, as the technology improves and the range of products on the market increases, there is some evidence that the use of this technology could go much further. . As Irma Gilbert, business development manager at Liverpool-based technology start-up Connect 4.0

Supply Chain Design Software 54

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Software 54

Logistics Business Magazine

DECEMBER 11, 2022

For example, a big-box retailer that started to build out its pickup services, it delivery services, and so on, so that when the world pivoted, and stores were closed, but people still wanted this retailer’s products, it already had all of that investment there. This alone will have a tremendous impact on the industry.

Supply Chain Planning Software 55

Supply Chain Planning Software Supply Chain Software Supply Chains Trends 55

ShipLilly

OCTOBER 16, 2019

For example, it will help you to reconfigure your marketing strategy to suit the local context. China is not a fully liberal economy like the one you might encounter in the USA and Canada, for example. Chinese consumers expect that you will bargain on price. They are real, with specific reference to the local culture.

Tips 40

Tips Negotiating Skills Price Reduction Resource Reduction 40

Logistics Bureau

NOVEMBER 30, 2024

Supply Chain Strategy You might expect that an article section on supply chain strategy would contain some pretty complicated concepts and ideas. If so, prepare to be surprised, because it doesn’t get any more basic than this: Your company must have a documented and commonly understood supply chain strategy. “What?”

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 40

Logistics Bureau

OCTOBER 19, 2017

Cash flow stops, price wars make your company go bust. For example, customer demand for a product may suddenly rise. For example, the Disaster Recovery Journal indicates the main sources of business interruption. For example, faulty production equipment can lead to poor product quality. Here’s an example.

Supply Chain Planning Software 45

Supply Chain Planning Software Supply Chain Design Software Supply Chain Design Supply Chains 45

Logistics Bureau

AUGUST 17, 2017

Cost To Serve (CTS) enables companies to reduce cost and improve EBIT (earnings before interest and tax) performance by up to 20 per cent. For example, typical order size, order frequency, geographic location, and brand support. Implement the CTS discipline and identify the areas of opportunity to reduce costs and improve sales.

Purchasing Skills 45

Purchasing Skills Cost Reduction Inventory Reduction Resource Reduction 45

Logistics Bureau

OCTOBER 31, 2016

Supply Chain Strategy. You might expect that an article section on supply chain strategy would contain some pretty complicated concepts and ideas. If so, prepare to be surprised, because it doesn’t get any more basic than this: Your company must have a documented and commonly understood supply chain strategy. “What?”

Supply Chain Design Software 45

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 45