The Lean Thinker

JULY 2, 2024

To that end they explained why maintaining a high stock price was important to the company: So they can raise money more easily for growth. This was all about stock price. Elimination of waste: Focus on adding value. “You guys are showing me how to run a business if I end up starting one.” Customer-driven.

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Supply Chain Design Software Price Reduction Supply Chain Planning Software Optimization Software 397

3PL Links

NOVEMBER 26, 2024

Image source: Pexels | Everything You Should Know About Automation in Fulfillment Logistics Introduction to Automation in Logistics Have you ever thought about how Amazon delivers packages quickly and efficiently? And how does technology change the way products are shipped? Automated systems can track inventory in real-time.

Supply Chain Software 62

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

CLX Logistics

MAY 3, 2024

A resilient and agile supply chain strategy is not just a prudent choice—it’s a necessity, especially within the context of chemical supply chains. Challenges in Supply Chain Strategy Planning Designing a resilient and agile supply chain organization is not without its challenges.

Material Savings 76

Material Savings Resource Reduction Cost Reduction Sourcing Strategies 76

FreightWaves SONAR

APRIL 1, 2021

That gave rise to a new time pricing strategy, dimension (DIM) pricing. . Density plays a role in the form of dimensional pricing. DIM pricing considers cubic volume in addition to physical height, width and depth of packages as a factor for price calculations. Capture pricing data for LTL freight.

Negotiating Skills 98

Negotiating Skills Price Reduction Trends How To 98

Dedola Global Logistics

DECEMBER 16, 2019

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. How can importers and exporters reduce soft costs?

Cost Reduction 87

Cost Reduction Negotiating Skills Material Savings Resource Reduction 87

GoShip Blog

FEBRUARY 20, 2025

For example, a product classified as Class 150 instead of Class 70 could mean paying twice as much. 4 Proven Ways to Cut Freight Costs 1. Optimize Packaging & Load Efficiency Reducing excess packaging and consolidating shipments into fewer loads minimizes wasted space and reduces handling fees. Class 150+).

Negotiating Skills 52

Negotiating Skills Waste Reduction Expense Reduction Freight 52

Logistics Bureau

JUNE 5, 2023

But do you know how to operate your fleet for the maximum economy? There are ways and means to reduce excess expenditure in fleet operation , and you can separate them roughly into three categories. Another asset-reduction strategy is to outsource your transportation for particular categories or locations.

Cost Reduction 91

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 91

FreightWaves SONAR

APRIL 7, 2023

Tailor a mini-bid strategy that plays to your strengths and protects your weaknesses. Truckload spot prices can move up or down by 40% within a single calendar year. That underpriced freight may be rejected more often and end up in the spot market, costing the shipper more than had the rates never been reduced.

Cost Reduction 52

Cost Reduction Price Reduction Strategy Freight 52

Ship Monk

SEPTEMBER 14, 2023

If you’re not employing a multichannel sales strategy, you’re clearly missing out. But what, exactly is a multichannel sales strategy, and is it worth the investment? If you can’t lower your price, then offer free shipping and mention it in your meta descriptions. What is a Multichannel Sales Strategy? Lots of fees.

Inventory Reduction 64

Inventory Reduction Price Reduction Cost Reduction eCommerce 64

GoShip Blog

DECEMBER 29, 2022

Shipping costs often leave the affected parties no choice but to learn how to deal with it. Fortunately, there are effective strategies you can employ to reduce your e-commerce store’s shipping costs. However, you do not need to send thousands of packages monthly to enjoy these price reductions.

Cost Reduction 52

Cost Reduction Price Reduction Inventory Reduction Negotiating Skills 52

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

CH Robinson Logistics

JUNE 10, 2021

In today’s market, knowing where to evaluate and adjust your LTL capacity strategies can feel overwhelming. But making faster, meaningful improvements to your LTL supply chain strategies and operations can be a seamless process that makes a positive impact on your business. Understand how your freight mix fits with market conditions.

Cost Reduction 71

Cost Reduction Price Reduction Strategy Supply Chain Planning Software 71

Ship Monk

APRIL 28, 2023

In addition to satisfying conscientious consumer demand, eco-friendly efforts can benefit your ecommerce business by reducing waste within your company and improving operational efficiencies. Translation: these ecommerce businesses have operating standards that minimize or reduce negative impact on the planet.

eCommerce 97

eCommerce Waste Reduction How To Material Savings 97

Logistics Bureau

OCTOBER 10, 2022

Before we look at the barriers to optimal inventory and the possible ways to eliminate or overcome them, let’s be clear on what inventory optimisation means—because misconceptions do abound. For example, you can optimise for cost, profit, or service, but not for all of them. How to Improve Forecast Accuracy for Optimal Inventory.

Inventory Reduction 105

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GlobalTranz

MAY 6, 2015

One reason may be that they haven’t made the paradigm shift as to how to implement lean. Eliminate All Waste in the Supply Chain So That Only Value Remains. o Energy-(Sometimes called the eighth waste): eliminate wasteful energy in the supply chain: minimize electricity, gas, utilities, etc. Reduce Lead Time.

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Supply Chain Planning Software Waste Reduction Inventory Reduction Supply Chain Software 127

GlobalTranz

APRIL 20, 2021

Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. This strategy requires greater investment and inventory carrying costs but enables continued production.

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

3PL Links

DECEMBER 10, 2024

Before you begin LTL shipping, you need to be familiar with what it is and how to use it. This article will provide a detailed reference to LTL shipping, including the definition of LTL, shipping prices, delivery method, and how to manage your LTL shipment to the fullest. How do you calculate it? What is LTL freight?

Optimal Sourcing 62

Optimal Sourcing Purchasing Skills 3PL Price Reduction 62

Logistics Viewpoints

DECEMBER 7, 2021

Carrier capacity management strategies ease the crunch. Proactive shippers have used multi-carrier parcel shipping technologies and strategies to navigate rising carrier costs for years. Multi-carrier shipping strategies also need rules in place related to delivery time requirements, special conditions (hazmat, refrigeration, etc.),

Price Reduction 105

Price Reduction Cost Reduction Inventory Reduction Capacity 105

Freightos

AUGUST 14, 2023

In one example, an employee of Varda, a SpaceX-like company, began to publicly attempt to replicate the study and had over 10,000 people tuning in to watch a live stream of rocks in a furnace. We’ve been here before with Blockchain and Tradelens, which launched in 2018 and was done by the end of Q1 2023 – a good example of hype waves.

Price Reduction 118

Price Reduction Logistics Network Optimization Software Material Savings Supply Chain Software 118

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.

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Supply Chain Software Supply Chains Scenario Planning Cost Reduction 96

Logistics Bureau

MAY 31, 2021

The tips in this article will help you know how to identify the customers, products, and processes that might be inflating your cost to serve (CTS) unnecessarily. Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve. Customer behaviour.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

Ship Monk

DECEMBER 30, 2020

Slightly inflate the prices of your products so that they cover part of the shipping, while still technically keeping shipping free. For example, your shipping rate could be $5 for orders within 50 miles of your warehouse, $10 for 100 miles, and so on and so forth. No guesswork needed! Word of the wise? Shoot us a line.

How To 96

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Trinity Logistics

SEPTEMBER 7, 2023

While these tips may not be possible for everyone or every shipment, hopefully, you’ll find one you can start implementing to reduce your freight costs. HOW LTL SHIPPING RATES ARE CALCULATED Compared to truckload rates, LTL shipping rates can be very confusing. Reduce any empty space between cases or products on the pallet.

Negotiating Skills 127

Negotiating Skills Tips Cost Reduction Price Reduction 127

Blue Grace Logistics

AUGUST 3, 2021

Companies have the right to receive the best service and the best price from their suppliers, and the relationship between shippers and suppliers is a key component to a successful partnership. What This Blog Is About: How to build a mutually beneficial relationship based on trust & credibility with your suppliers.

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Maintainability Price Reduction Purchasing Skills Resource Reduction 118

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.

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WorkWave

JULY 28, 2024

For example, lab specimens need to be carefully transported to avoid any contamination or spoilage. Studying competitors is an integral part of market research as it helps the medical courier business gain insights into their strengths, weaknesses, and overall strategies. Start Using RouteManager! GET A FREE DEMO 2.

Material Savings 93

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Material Handling and Logistics

AUGUST 10, 2018

Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. So how can you better control your indirect spend? But I often see companies that have more cutting tools, for example, than they need. Sometimes, this oversupply doesn’t really matter. Too Little.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. We’ll begin with a look at pricing strategy.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

WorkWave

SEPTEMBER 18, 2024

When crafting a price increase notice for your pest control services, prioritize personalized communication. Clearly detail the reasons for the price increase, such as rising operational costs or investments in advanced pest control technologies. Remind customers that higher prices mean better quality 6.

Price Reduction 52

Price Reduction Material Savings How To Cost Reduction 52

Logistics Bureau

NOVEMBER 30, 2020

A common conundrum for companies is how to reduce their freight costs, which due to a recovery in demand following the Covid-19 pandemic have skyrocketed. Reduce your dunnage. This article takes an in-depth look at each of these points and offers advice on how to meet the significant challenge of reducing freight costs.

Cost Reduction 69

Cost Reduction Negotiating Skills Price Reduction Material Savings 69

WorkWave

SEPTEMBER 9, 2021

By researching your market, choosing an appropriate pricing metric, and assessing additional cost factors, you can make sure your clients are getting a fair quote, and you’re making a good profit. Here is how to estimate delivery jobs, step-by-step. This will give you a better sense of the national average price and regular fees.

Purchasing Skills 52

Purchasing Skills Price Reduction How To Procurement Analytics 52

Trinity Logistics

JUNE 23, 2023

 Shopping with multiple suppliers will not only gain you access to more resources but can offer you more varied pricing options to consider.  One example is helping you with your routing decisions by matching your freight with the best carriers, lanes, rates, and transit service. It

Supply Chain Planning Software 118

Supply Chain Planning Software Supply Chain Software Material Savings Supply Chains 118

Ship Monk

FEBRUARY 16, 2023

So the question becomes: is it possible to offer 2-Day shipping at an affordable price? The answer: it is, and ShipMonk is here to show you how. In this guide discover the most important things you need to reduce 2-day shipping costs and make offering 2-Day shipping a feasible option for your ecommerce brand.

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

Blue Grace Logistics

MARCH 17, 2022

High priced diesel fuel impacts the total cost of transportation through fuel surcharges. How to help manage overall transportation costs. How high diesel prices may change future freight procurement strategies. How high diesel prices may change future freight procurement strategies.

Cost Reduction 62

Cost Reduction Price Reduction Expense Reduction Waste Reduction 62

Ship Monk

FEBRUARY 24, 2024

How much are you spending on manufacturing, shipping, marketing, customer support, logistics services, and order fulfillment services? You never want to cut corners on these, or any, crucial areas of your ecommerce brand. For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client.

eCommerce 105

eCommerce Inventory Reduction Tips Waste Reduction 105

EazyStock

MARCH 17, 2021

In this piece, we’ll take a look at some of the top types of supply chain disruptions, the impacts that they have on your supply chain, how to mitigate whatever risk you can and finally how you can handle supply chain disruptions once they occur and come out on top. Price Changes/Fluctuations. Cyber Attacks.

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Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 78

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. It is a learned skill.

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Material Savings Examples Resource Reduction How To 236