The Lean Thinker

JULY 11, 2024

To cut to the chase, I ended up learning how to spell “anterior cruciate ligament” and later on how to spell “arthroscope.” I outsourced the solution to a technical expert – an orthopedic surgeon and his team. I could not outsource that. A new ERP system is a prime example.

MRP 195

MRP ERP Course Resource Reduction 195

Ship Monk

NOVEMBER 21, 2022

This article will explain what reorder points are and show you how to calculate them. How to Calculate a Reorder Point. How to Calculate Demand During Lead Time. Using the tea kettle example above, let’s say the maximum number of blue tea kettles you’ve ever sold in one day is 45. What is a Reorder Point? Safety Stock =.

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52

GlobalTranz

JULY 7, 2021

They all involve a degree of outsourcing transportation functions, whether that’s supply chain cybersecurity management or white glove services , and technically, all 4PLs and 5PLs exist as 3PLs too. Shippers should understand these layers of logistics and how each brings value to a logistics strategy. Billion by 2026.

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GlobalTranz

JUNE 28, 2016

The benefits of outsourcing logistics processes to a third-party logistics provider (3PL) are well documented. For example, a complete legacy warehouse management system may need to be significantly updated in terms of technology and physical space before integrating with a newer, more comprehensive system.

Outsourcing 60

Outsourcing Inventory Reduction Resource Reduction Cost Reduction 60

Logistics Bureau

JUNE 5, 2023

But do you know how to operate your fleet for the maximum economy? How to Reduce Truck-Related Costs Trucks and vans are not cheap to run, so if you can save even a little on the cost of operating each vehicle in your fleet, those savings can mount up to a lot—and the more extensive your truck fleet, the more you can save.

Cost Reduction 74

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 74

Ship Monk

FEBRUARY 18, 2021

Apparel, for example, has too many subdivisions to be a true niche — there’s athleisure, swimwear, cocktail dresses, and so on and so forth, to infinity and beyond. Going back to the apparel example, let’s say a prospective buyer is looking for a shirt. How to Choose Your eCommerce Niche. What Are Niches Not? Compliments?

eCommerce 97

eCommerce How To Cost Reduction Course 97

Ship Monk

FEBRUARY 16, 2023

do you do it in-house, work with a reliable 3PL like ShipMonk, or outsource entirely to a 4PL or 5PL ). As an example, fulfillment fees explain why it is cheaper to order a product directly from a manufacturer than an online marketplace, and cheaper to order from an online marketplace than it is from an ecommerce brand’s direct website.

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

Logistics Bureau

OCTOBER 26, 2024

This means consultants have more tools at their disposal, more experience and most importantly, the know-how to navigate the issue and its potential solutions. You Need Help Making the Right Outsourcing Decisions Supply chain outsourcing is a common practice nowadays, but many companies still make outsourcing mistakes.

Supply Chain Planning Software 118

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Logistics Bureau

JULY 18, 2022

For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. It may do, but how do you know? For example: How much automation will you need in your warehouse(s)? How to Prioritise New Supply Chain Capabilities. Fantastic—but what’s missing?

Inventory Reduction 108

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 108

Logistics Bureau

OCTOBER 11, 2024

For example, BPO (Business Process Outsourcing) in logistics, manufacturing, IT and HR requires an organisation to not only know how to procure or acquire an external solution through cross-functional effort, but also be able to manage vendor performance and ensure the value of the outsourcing solution is sustainable.

Manufacturing Procurement 91

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Logistics Bureau

APRIL 5, 2021

As you’re going through the RFP/RFT process, you need to ensure absolute clarity, so the bidding 3PLs understand the specific outcomes you seek from your logistics outsourcing. Right from the start, make sure that you state very clearly: The elements of your operation that are to be outsourced. How you plan to measure the contract.

3PL 63

3PL How To Negotiating Skills Supply Chain Design 63

Ship Monk

JUNE 5, 2023

That’s when they decide to outsource logistics to the fulfillment experts, third-party logistics ( 3PL ) providers. They’ll also need instructions on how to pack the item and where to drop it off. ShipMonk, for example, has dedicated return management teams that are trained to know exactly how to handle returns for each brand.

Reverse logistics 52

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Conger

DECEMBER 13, 2022

The common problems with outsourcing overseas include: Increased wait times to receive shipments – in some cases 30 to 40 days. Should you outsource or bring it in-house? Outsourcing certain aspects of production sometimes can leave you at the mercy of your partners. Outsource cumbersome processes. Language barrier.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

GoShip Blog

JULY 15, 2022

For example, warehouse management systems (WMS) monitor and control your warehouse operations from a single platform. Outsourcing your order fulfillment to these companies frees you up to invest your time and energy into other aspects of your business, such as marketing or sales.

Inventory Reduction 52

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FourKites

DECEMBER 11, 2020

If you are running a smaller organization or one that outsources the majority of these services, this cost will likely not apply as much to you as to a full-scale enterprise that manages everything in-house. Examples of inventory carrying costs. How to calculate inventory carrying cost. How to reduce carrying cost?

Inventory Reduction 52

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Blue Grace Logistics

MARCH 11, 2021

This can be an added cost for companies who choose to outsource in this way and also for companies who lose business to couriers. Shippers will need to follow the example of thoroughly integrated giants like Amazon to survive. The post The Hidden Cost Of COVID And How To Manage appeared first on The Logistics Blog.

Cost Reduction 62

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Trinity Logistics

JUNE 23, 2023

 One example is helping you with your routing decisions by matching your freight with the best carriers, lanes, rates, and transit service. It Onshoring refers to the overall practice of moving manufacturing operations from foreign soil back to the United States or outsourcing to domestic contract manufacturers rather than overseas.

Supply Chain Planning Software 91

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WorkWave

SEPTEMBER 2, 2021

This guide looks at all the critical aspects of how to start a delivery service business. There are various helpful tips out there you can use on how to buy a delivery route. For example, do you plan or purchase the equipment outright? A good example would be Bplans which has several high-quality templates you can use.

Logistics Network Optimization Software 52

Logistics Network Optimization Software How To Optimization Software Procurement Solutions 52

GlobalTranz

JULY 28, 2021

Outsourcing —the root of managed transportation—is also involved. As reported by Supply Chain Dive, “First is monitored outsourcing, which is the traditional form in which production or service is contracted out to suppliers with infrequent performance evaluations.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

Logistics Viewpoints

FEBRUARY 22, 2022

Meeting today’s logistics challenges of the three C’s – customer service, carbon, and cost – companies are not just looking at gathering data, but also how to better interpret and understand this data, and then use it to drive additional value. How about your need for a seamless corporate transportation analysis?

Data 115

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Trinity Logistics

JUNE 23, 2023

 One example is helping you with your routing decisions by matching your freight with the best carriers, lanes, rates, and transit service. It Onshoring refers to the overall practice of moving manufacturing operations from foreign soil back to the United States or outsourcing to domestic contract manufacturers rather than overseas.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Material Savings Supply Chains 62

Parade

SEPTEMBER 3, 2019

In my example above I mentioned a reputable industry firm who had performed an EDI integration successfully for almost every brokerage in the country. My Carrier Packets (MCP) is a good example. MCP is an outsourced carrier compliance company that has direct integrations with all of the major TMS. 2: Relevant Experience.

Optimization Software 60

Optimization Software Negotiating Skills How To Outsourcing 60

Parade

SEPTEMBER 3, 2019

2: Relevant Experience In my example above I mentioned a reputable industry firm who had performed an EDI integration successfully for almost every brokerage in the country. My Carrier Packets (MCP) is a good example. MCP is an outsourced carrier compliance company that has direct integrations with all of the major TMS.

Optimization Software 60

Optimization Software Negotiating Skills How To Outsourcing 60

Parade

SEPTEMBER 3, 2019

2: Relevant Experience In my example above I mentioned a reputable industry firm who had performed an EDI integration successfully for almost every brokerage in the country. My Carrier Packets (MCP) is a good example. MCP is an outsourced carrier compliance company that has direct integrations with all of the major TMS.

Optimization Software 60

Optimization Software Negotiating Skills How To Outsourcing 60

MTS Logistics

OCTOBER 21, 2020

Many companies are still unaware of how to go about exploiting AI. Tools like Kissmetrics, for example, enable businesses to analyze marketing data to support decision-making by management. Outsource IT to reduce outages, downtime, and more. Use Artificial Intelligence (AI) for routine tasks.

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Outsourcing Trends Cost Reduction Data 94

Logistics Bureau

JULY 10, 2023

If not, this post should help, because we’re highlighting several logistics challenges that 3PL outsourcing can often help businesses to overcome. However, if you find that the need to manage logistics is distracting your employees from the tasks they were originally hired for, outsourcing to a 3PL could improve your situation.

3PL 54

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The Lean Thinker

JULY 2, 2024

“You guys are showing me how to run a business if I end up starting one.” had introduced the theme “Working Together” to describe how they were going to involve key customers, like flight-line mechanics from United Airlines, directly into the process of specification, design, and testing.

Supply Chain Design Software 397

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Ship Monk

FEBRUARY 24, 2024

For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client. In the previous example, you have the physical weight that extra travel inventory creates in your luggage that you have to lug around. The advantages of outsourcing to a third-party logistics partner don’t end there.

eCommerce 105

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Trinity Logistics

FEBRUARY 14, 2022

For example, raw agricultural materials have increased 117 percent since 2000 , rubber has seen an increase of 359 percent, and steel is up 167 percent. How to Better Manage Operating Costs in the Chemical Industry. Outsourcing your transportation is one solution to that problem. Rising Raw Material Costs.

Supply Chain Planning Software 102

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Ship Monk

JULY 28, 2022

This article will show you the difference between these types of inventory and how to calculate Work in Process inventory. If your eCommerce business makes and sells hats, for example, you purchase raw materials such as fabric, thread, leather, ribbon, etc. How to Calculate Inventory Assets. How to Calculate WIP Inventory.

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Inventory Manufacturing Procurement Purchasing Skills eCommerce 63

Ship Monk

AUGUST 3, 2022

Not all of those examples are exactly illustrious, but they do (for the most part) prove that two heads really are better than one. A logistics service provider takes over all those processes (an action otherwise known as “outsourcing”) to hopefully make your life a whole lot easier. How to Choose a Logistics Service Provider.

Logistics Network Optimization Software 52

Logistics Network Optimization Software eCommerce Inventory Reduction Resource Reduction 52

Ship Monk

JANUARY 11, 2024

How to Prevent Damage to Your Brand The first and best way to keep returns from damaging your brand is to prevent as many as you can. Let’s take apparel, for example. For example, don’t process refunds until the product is returned and inspected; and don’t offer refunds for items without the original tag and packaging.

Procurement Solutions 110

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 110

Blue Grace Logistics

MARCH 26, 2020

As reported by Steve Baker of Forbes , the outsourcing of managed transportation services to other entities has different terminology depending on location. For example, managed transportation or transportation management might be the ideal terms to use in the US. Ways 3PLs Excel in Managed Service and Value.

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Logistics Bureau

MAY 30, 2022

In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. For example: Alignment of strategy and cost leads to happy shareholders. How accurate and effective is your demand planning? Why does the C-suite want the three pillars aligned?

Inventory Reduction 113

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Blue Grace Logistics

FEBRUARY 28, 2019

For example, the sales department needs logistics data to analyze orders that have been shipped, customer service needs information to update shipment status, and the accounts section requires the data to cross-check transporter invoices.

Supply Chain Planning Software 49

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimization Software 49

Ship Monk

AUGUST 2, 2023

A product category like apparel, for example, has too many subcategories to be considered a niche. Whether you’re an e-tailer that sells a variety of brands, or a startup brand trying to make a name for itself, your niche will help you figure out how to present yourself to the world (and what parts of the world you can safely ignore).

eCommerce 52

eCommerce Material Savings Cost Reduction Inventory Reduction 52

3PL Insights

SEPTEMBER 20, 2021

Outsourcing the order processing to a 3PL like Evans Distribution Systems, streamlines the order management process, yet requires integration between your e-commerce platform and the 3PL’s warehouse management system. Here are the basics of how it works. Step 1: Choosing How to Integrate.

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Order processing Data Ordering Inventory 89