Logistics Bureau

NOVEMBER 14, 2018

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. How Much Does It “Cost to Serve” Your Customer? It costs you a certain amount to make a product. Marketing costs.

Purchasing Skills 112

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 112

Logistics Viewpoints

NOVEMBER 18, 2024

Like many companies, the French multinational produces a significant amount of its products in low-cost nations. By 2014, the company had purchased the Coupa solution, developed an internal modeling team, and created data extraction and cleansing routines. This is when the firm hired Mr. Botham.

Supply Chain Design Software 171

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Planning Software 171

Logistics Bureau

MAY 31, 2021

If yours is one of those businesses shifting from traditional to online retail, you’ve probably faced some of the logistical challenges arising from the need to deliver your customers’ purchases to them. Perhaps you haven’t had much opportunity, amid the turmoil, to consider the cost to serve your online customers.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Despite record layoffs in many industries, Canadian manufacturers face a skills shortage in key positions in operations and across the supply chain. All of the above pressures culminate in rising operational costs – from ?labor, Click here to learn more about SYSPRO’s MRP solutions and how to plan and manage uncertainty.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

Material Handling and Logistics

AUGUST 10, 2018

Though individual items often don’t amount to a huge expense, your total indirect spend and associated costs likely constitute a significant portion of your overhead expenses. Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. Too Little. Too Costly.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. For example, go to the Walmart, turn right, and it is the third house on the left. How will total landed costs be impacted by adding a new supplier?

Supply Chain Design Software 181

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 181

Logistics Bureau

NOVEMBER 6, 2023

Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.

Cost Reduction 118

Cost Reduction Purchasing Skills Waste Reduction Material Savings 118

MTS Logistics

MAY 6, 2020

While there’s no way to avoid shipping costs when running an online store. After choosing a shipping service – as well as entering the weight and dimensions of your package if it’s an adjustable-rate service – the calculator will reveal the cost of shipping the package with the respective courier.

Negotiating Skills 64

Negotiating Skills Purchasing Skills Cost Reduction Procurement Solutions 64

EazyStock

FEBRUARY 18, 2020

Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Obviously, the more inventory ordered, the higher the holding costs will be. C o = cost per order.

Ordering 95

Ordering Purchasing Skills How To Inventory 95

Trinity Logistics

NOVEMBER 30, 2021

Particularly, sourcing your TMS through a 3PL provider can have some major benefits, especially for small- to medium-sized businesses. And if you’re looking to purchase software outright versus outsourcing with a 3PL, you’ll soon realize that not all transportation management software companies offer the same thing.

Supply Chain Design Software 105

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 105

Ship Monk

APRIL 28, 2023

Of US adults surveyed , 69% say environmental impact is important when making a purchasing decision. Teach them how purchasing from you makes them a part of that positive mission. Consider the clothing industry as an example. Tell customers what you are supporting and why. Clearly explain cause and effect.

eCommerce 97

eCommerce Waste Reduction How To Material Savings 97

Logistics Bureau

MARCH 14, 2018

To help you keep on top of your warehouse management and ensure your storage facilities don’t generate undue supply chain costs, take note of the following eight common warehousing mistakes. This in turn can impact supply chain cycle times, and generate excessive labor costs because of suboptimal productivity.

Warehousing 117

Warehousing Inventory Reduction Cost Reduction Expense Reduction 117

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 116

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 116

Trans Global Auto Logistics

DECEMBER 17, 2020

For example, are your people going to be driving offroad? Consistency in vehicle types and the number of vehicles ordered can often result in more advantageous pricing on a per-unit basis. There are no major vehicle purchases against your bottom line, and there is reduced risk due to theft or accident.

Tips 98

Tips Efficiency How To Purchasing Skills 98

SYSPRO Smarter ERP

JANUARY 12, 2022

With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges. They have a contract with a supplier who delivers on time, and who charges acceptable prices.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

Logistics Viewpoints

JUNE 13, 2024

Through the story of a plant manager, it offers insights on how to improve efficiency, which also includes optimizing the production process as a whole, instead of focusing on individual parts. In our picking example, you would begin by analyzing the entire warehouse to identify where the bottleneck or constraint occurs.

Optimization Software 184

Optimization Software Optimization Modeling Optimization Modeling Software 184

Logistics Bureau

DECEMBER 24, 2024

Warehousing and distribution management is nota core skill. Related to the core skill issue, often organisations that have a strategic focus other than in transport or warehousing, cannot attain the desired performance levelsand key performance indicators (KPIs) required by their customers. But what about cost of service?

Outsourcing 62

Outsourcing Warehousing Negotiating Skills Purchasing Skills 62

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. It may sound tempting to force your customers into purchasing in larger quantities, but is it the best way to grow your business? If a customer can’t or won’t order the minimum quantity, they’ll either have to shop elsewhere or negotiate with the supplier.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

SYSPRO Smarter ERP

SEPTEMBER 20, 2022

Typically, a Bill of Materials (BOM) is built by two people — an engineer and a cost accountant. The cost accountant is responsible for the values of the items in the BOM, which also includes labor. The cost accountant has the important task of assigning costs. How detailed should a BOM be?

ERP 116

ERP Material Savings Manufacturing Procurement How To 116

Ship Monk

DECEMBER 30, 2020

consumers agreeing that free shipping increases the likelihood of them making a purchase, you can imagine the kind of conversion wins you’ll be scoring by making it an option during checkout. While shipping that is both free and fast is ideal, free shipping on its own is still a powerful purchase driver. . With almost 80% of U.S.

How To 96

How To Cost Reduction Purchasing Skills eCommerce 96

Ship Monk

JULY 20, 2023

Even once you’ve decided on a shipping carrier and shipping service, the cost to send packages can vary greatly as a result of many factors. Here you’ll learn about the different factors that affect shipping costs including base rate, surcharges, weight, shipping zones, and shipping speed.

Negotiating Skills 52

Negotiating Skills Purchasing Skills eCommerce Cost Reduction 52

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.

Maintainability 118

Maintainability Price Reduction Purchasing Skills Resource Reduction 118

Logistics Bureau

OCTOBER 1, 2024

Let me share with you some very simple tips this week on how to fit more into your warehouse so that you can either avoid or delay having to move to a larger facility. I was going to say poor but inappropriate purchasing policies. Very often you can reduce labor costs by 15 to 20%. Not much additional cost involved.

Capacity 90

Capacity How To Sorting Purchasing Skills 90

WorkWave

SEPTEMBER 9, 2021

If you’re considering opening a courier service , one of the most important things you’ll have to decide on is the cost of delivery. 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.

Purchasing Skills 52

Purchasing Skills Price Reduction How To Procurement Analytics 52

Ship Monk

FEBRUARY 16, 2023

Offering the preferred, faster 2-Day shipping option could eat away at your profit if you support the cost entirely. Over 50% of online shoppers stated they’d abandoned baskets at some point due to delivery costs. So the question becomes: is it possible to offer 2-Day shipping at an affordable price?

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

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. Types of Supply Chain Disruptions. Cyber Attacks.

Supply Chain Planning Software 78

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

Freightos

FEBRUARY 4, 2020

The concept of an index, reporting the market price for a specific good, was developed precisely for this reason. Its value explains the existence of the S&P 500 for nearly 95 years, the power of the Baltic Dry Index for determining bulk shipment prices, and even poultry indices. Sources: FBX and SGX.

Optimal Sourcing 125

Optimal Sourcing Purchasing Skills Procurement Analytics Optimization Software 125

Ship Monk

SEPTEMBER 19, 2022

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. It wasn’t until your business took off and they kicked you out that you began incurring holding costs a.k.a. carrying costs, and needed to learn what those are. So what exactly is holding cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Conger

MARCH 30, 2023

Because in this post, you’ll learn everything you need to know, including: What all the forklift fuel types are Common specifications, pros/cons, applications, and prices of each How to choose the right forklift fuel type for your needs Answers to common forklift fuel questions And lots more… Let’s dive in!

Purchasing Skills 52

Purchasing Skills Price Reduction How To Manufacturing Procurement 52

Logistics Viewpoints

NOVEMBER 18, 2021

Expectations for short delivery times, 100% fulfillment accuracy, and large product selection and availability have become a key deciding factor on which customers make their purchase decisions. Here’s how to approach it: Start with well-understood processes. Getting going with AI without stumbling can be challenging.

Optimization Software 194

Optimization Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 194

Logistics Bureau

NOVEMBER 23, 2024

To help you keep on top of your warehouse management and ensure your storage facilities don’t generate undue supply chain costs, take note of the following nine common warehousing mistakes. This in turn can impact supply chain cycle times, and generate excessive labor costs because of suboptimal productivity.

Warehousing 88

Warehousing Inventory Reduction Cost Reduction Waste Reduction 88

Logistics Bureau

APRIL 11, 2019

If you’re preparing to launch a new career in supply chain or logistics , it will help a lot to know how and where to look for a first job, which appointments can get you off the best start, and what qualifications will be most helpful in getting you into the profession. Source: Deloitte Report – The Future of Work.

Supply Chains 73

Supply Chains Security Purchasing Skills Scenario Planning 73

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. Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. For example: Alignment of strategy and cost leads to happy shareholders.

Inventory Reduction 118

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 118

Logistics Viewpoints

MAY 3, 2023

Whilst they are classed as indirect purchases, this procurement category plays an essential role in day-to-day operations. For example, for parts that would typically arrive in five days, you might get a lead time of five weeks. The Pandemic and MRO First and foremost, what is MRO?

Supply Chain Design 146

Supply Chain Design Supply Chains Scenario Planning Procurement Solutions 146

Logistics Bureau

DECEMBER 20, 2021

You need to know the cost of goods sold (COGS) for the period over which you want to measure inventory turns, and you need to know the average inventory held for that same measurement period, which would typically be a month or a year. Inventory Turns: An Illustrative Example. How to Calculate Inventory Accuracy.

Inventory Reduction 118

Inventory Reduction Inventory Cost Reduction Purchasing Skills 118

Logistics Bureau

NOVEMBER 14, 2018

One of the challenges of ethical procurement is to know how to make it into a practical reality that people can apply in a consistent way. For example, how would you deal with the following situations in procurement? Your Italian company is negotiating the supply of aerospace products to a government in Asia.

Procurement Analytics 101

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 101

IoT World Today

MARCH 27, 2020

Manufacturing companies that have relied on China for production materials are feeling the blowback of this dependence; some retailers source more than half their inventory from China, according to 2020 Statista data. And “it’s a great tool,” but there are more sophisticated, more accurate tools to do sourcing.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Procurement Analytics 145