Logistics Viewpoints

JANUARY 11, 2021

NTT DATA has been steadily moving more and more of their suppliers’ contracts onto the Ariba Network. Some suppliers have four or five-year contracts, so this work is ongoing. The big spend categories that are the focus for negotiations are contingent/professional labor and IT Hardware/Software & Cloud/Data Center services.

SAP 87

SAP Optimal Sourcing Negotiate Pricing Negotiating Skills 87

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. But I often see companies that have more cutting tools, for example, than they need. Machinists may set aside a box of inserts and drills at their work stations, for example, to ensure they don’t run out.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

SYSPRO Smarter ERP

JANUARY 12, 2022

They have a contract with a supplier who delivers on time, and who charges acceptable prices. A single supplier focus means that there is a high risk if the supplier closes its doors. The procurement process doesn’t start with raising a purchase order and sending it to a supplier. The procurement process.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

GlobalTranz

SEPTEMBER 12, 2016

For example, transportation management often focuses on the journey of products after manufacturing. The answer is closely linked with how a company markets and contacts suppliers and vendors, reports Srikanth Pinagali. Ultimately, these raw materials must be obtained from suppliers and transported to the factory.

Manufacturing Procurement 101

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 101

ShipLilly

MAY 12, 2022

In this case, the BoL is not negotiable. The transportation and delivery are pre-negotiated without any room for amendments. The holder of the bill can claim possession; hence, it is negotiable. Negotiable bill of lading. This is a negotiable BoL that is made out to someone. Examples include: Dirty bill of lading.

Document 98

Document Negotiating Skills Negotiate Pricing Buyer Training 98

3PL Links

NOVEMBER 12, 2024

Example: Retail giant Zara uses real-time data from its stores to adjust inventory dynamically. Example: Amazon’s fulfillment centers are famous for using robotics to streamline order processing and packing. By developing a network of suppliers, you can secure a more reliable supply and maintain competitive pricing.

Cost Reduction 62

Cost Reduction Material Savings Supply Chain Software Supply Chain Planning Software 62

Logistics Bureau

SEPTEMBER 3, 2024

It’s about assessing the costs your suppliers incur when delivering to your business, which can significantly impact your strategy, pricing, and overall efficiency. By understanding these costs, you can make informed decisions that enhance supplier relationships and optimize your operations. Watch the video below!

Negotiating Skills 91

Negotiating Skills Cost Reduction Negotiate Pricing Price Reduction 91

MTS Logistics

MAY 27, 2022

Last year was marked with capacity issues and high prices, but today, freight prices have decreased, while capacity has increased. For example, recently Target was forced to write down the value of excess inventory that’s stuck in warehouses. West Coast ports and dockworkers are negotiating a new labor contract.

Global logistics 105

Global logistics Analysis Negotiate Pricing Negotiating Skills 105

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. For suppliers and merchants, however, setting a minimum order quantity for your goods can mean the difference between losing money and making a profit on each sale. It’s that pop-up in your shopping cart that says, “Add $17.96 to your cart to get free shipping!”

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

Dedola Global Logistics

DECEMBER 16, 2019

For instance, things like fuel prices, hourly wages for employees, and materials are some hard costs. Soft costs are usually time-consuming tasks such as planning, tracking shipments, gathering documents, handling disputes, and handling communication with your freight forwarder and over-seas suppliers.

Cost Reduction 87

Cost Reduction Negotiating Skills Material Savings Resource Reduction 87

MTS Logistics

FEBRUARY 26, 2024

Well, a freight forwarder negotiates rates on your behalf, knowing the market. Plus, for example, we say a single customer can move around 500 containers a year, but a freight forwarder with a healthy roster of customers can move 100,000 containers a year.

Freight forwarding 111

Freight forwarding Negotiating Skills Freight Negotiate Pricing 111

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Reliance on too few primary suppliers for critical components and materials has compounded the problem even further with unexpected ripple effects on downstream manufacturing as evidenced by the still ongoing global computer chip shortages. Manufacturers know that good supplier relationships are critical. Managing Inventory.

Supply Chain Planning Software 105

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

Logistics Bureau

SEPTEMBER 4, 2023

Process Performance What if the problem isn’t connected to products, customers, or pricing but lies instead with process performance? Supply/Inventory Management Inventory management problems and supplier relationship issues , too, can creep in over time and eat away at your profit margins.

Negotiating Skills 117

Negotiating Skills Purchasing Skills Cost Reduction Analysis 117

Logistics Viewpoints

MAY 6, 2022

While all of this technology sounds pretty amazing, it should be said that this type of performance comes with a price tag. McCormick’s diverse supplier network helps shield it from Ukraine impacts. The Czinger 21C costs $1.7 million, not including any add-ons. And now on to this week’s logistics news.

Manufacturing Procurement 153

Manufacturing Procurement Logistics Network Optimization Software Supply Chain Planning Software Negotiating Skills 153

FreightWaves SONAR

JUNE 13, 2024

surged from April to June, suggesting that carriers have more leverage in upcoming rate negotiations than previously believed. Taken together, the data suggests that carriers do not have as much power in pricing negotiations as the rising spot rates indicate. China) or a somewhat higher-cost country (e.g.,

Negotiate Pricing 64

Negotiate Pricing Negotiating Skills Manufacturing Procurement Supply Chain Design 64

Logistics Bureau

DECEMBER 7, 2024

Current liabilities are typically accounts payable, meaning the money you are due to payout, for example to suppliers. As a result, if you can get paid by your customers before you have to pay your suppliers and reduce inventory to boot , your current assets can be reduced to below your current liabilities.

Material Savings 89

Material Savings Inventory Reduction Cost Reduction Vendor Strategies 89

EazyStock

FEBRUARY 17, 2021

Managing variable supplier lead times. For example, you may want to carry more items that consistently sell well and are cheap to stock, versus those that are expensive with intermittent demand. As time passes, this can become obsolete and may need to be sold at heavily discounted prices or even written off as a bad investment.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

Logistics Bureau

NOVEMBER 29, 2024

But in general terms, retailers need to deal with; very broad product ranges, ranges that change, perhaps by season, possibly high levels of promotional activity, a broad supplier base and maybe some long supply lead times if there is a high degree of importing. Price; this needs to be competitive. Often 60-70% of total sales.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 90

Conger

JULY 28, 2022

Plenty of examples of warehousing. Lower freight costs since these warehouses often negotiate favorable rates with freight companies based on their volume of clients and order throughput. Perhaps the most prominent fulfillment center example is Amazon’s fulfillment centers. For example, take Co-op Partners Warehouse in St.

Examples 52

Examples Definition Supply Chain Design Software Supply Chain Software 52

FreightWaves SONAR

FEBRUARY 17, 2021

Without high levels of visibility into suppliers and sub-suppliers, companies increase their exposure to supply chain risks and become less resilient.” For example, any redundant process needs current data, which provides shippers with several benefits. This makes clear that shippers need access to near-real-time data.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Negotiating Skills Negotiate Pricing 98

GlobalTranz

MAY 6, 2015

When you create your Sales, Inventory, Operations and Production Plan (SIOP) monthly, or more frequently, invite your top Suppliers and Customers to the SIOP meeting. Increased supplier performance: reduction in lead times and creating cost reduction as your suppliers are the experts in their respective fields.

Supply Chain Planning Software 127

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

Logistics Bureau

NOVEMBER 28, 2024

Supply chain costs often represent a considerable percentage of the sales price of a good or service. If net profit on sales is 5%, for example, a reduction in supply chain costs from 9% to 4% (or from 12% to 7%) will double net profits. Retail Suppliers <5.8% Industrial Suppliers <7.9% Manufacturers <6.8%

Cost Reduction 91

Cost Reduction Inventory Reduction Material Savings Expense Reduction 91

SYSPRO Smarter ERP

OCTOBER 11, 2021

Each day these manufacturers manage complex supply chains , carry out highly precise production, and must negotiate a raft of regulations. For example, the manufacturing of pharmaceuticals vs. processing liquid waste in the mining industry. Types of process manufacturing. Process manufacturing is not the same for all industries.

Manufacturing Procurement 119

Manufacturing Procurement ERP Supply Chain Planning Software Purchasing Skills 119

10xLogistics

FEBRUARY 22, 2013

I wrote back in January, embedded in another article about why people should do "should cost" modeling prior to negotiating rates. Here are the basics: Break down your suppliers costs into the big driving buckets. This does not mean you are trying to ensure the supplier does not make a profit.

Negotiating Skills 54

Negotiating Skills Cost Reduction Modeling Negotiate Pricing 54

FreightWaves SONAR

JUNE 1, 2021

Maybe that’s not exactly true – there are also issues related to the semiconductor shortage, such as record used vehicle prices, consumers buying early in order to get their desired vehicles, and vows to ditch just-in-time inventory management. Plus, it allows shippers to see how their rates compare to the market.

White Paper 52

White Paper Negotiate Pricing Negotiating Skills Data 52

Blue Grace Logistics

APRIL 7, 2020

For example wholesalers, retailers, e-commerce websites, also benefit in the form of more saleable goods to offer their customers. Take, for example, a small transporter who is working with a company that produces only seasonal goods – let’s say woolen garments. For example, take the case of the coronavirus outbreak in China.

Supply Chain Design 62

Supply Chain Design Supply Chains Negotiating Skills Negotiate Pricing 62

Logistics at MPEPS at UPV

MARCH 9, 2020

This franchise is located in the different countries in South America by big automotive and Renting companies, which negotiate on a large scale with suppliers and vehicle dealers. The vehicles offered to the customers have not been working for more than 2 years, so they are constantly renewed.

Negotiate Pricing 52

Negotiate Pricing Negotiating Skills Logistics Network Optimization Software Workshop 52

Talking Logistics

JULY 5, 2018

Here are a few examples of factors that can influence your strategy. Discuss with your strategic suppliers what is most attractive to them. For example, ask your asset carriers what lanes they need and how much volume to increase their yield. Find the right mix of asset providers. Most of the time, yes — one 3PL is ideal.

Price Reduction 65

Price Reduction Expense Reduction Waste Reduction Cost Reduction 65

Transporeon

MARCH 22, 2018

Depending on the mode of transport and the type of product being shipped, the offer matrix can contain individual price components and different quantity structures and units, along with additional information that can make comparisons difficult.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48

Transporeon

JANUARY 25, 2018

In the case of an Amway multivitamin, for example, the company controls the process “from seed to supplement,” transporting raw materials to manufacturing sites in the U.S., Faster bid process with full control over negotiation Managing the bid process with Ticontract also saved a valuable amount of time. “We

Negotiating Skills 48

Negotiating Skills Manufacturing Procurement Cost Reduction Supply Chain Planning Software 48

Dedola Global Logistics

DECEMBER 16, 2019

For instance, things like fuel prices, hourly wages for employees, and materials are some hard costs. Soft costs are usually time-consuming tasks such as planning, tracking shipments, gathering documents, handling disputes, and handling communication with your freight forwarder and over-seas suppliers. The Dedola Difference.

Cost Reduction 52

Cost Reduction Negotiating Skills Material Savings Resource Reduction 52

GlobalTranz

AUGUST 18, 2016

Modern distribution technology has significantly changed how suppliers get their products to end-users, and consumers are driving changes in how Distributors use technology to better their business processes. Value-Added Services and TMS Capabilities Are Critical Points in Contract Negotiation.

Supply Chain Planning Software 60

Supply Chain Planning Software Optimization Software Supply Chain Software Logistics Network Optimization Software 60

Logistics Bureau

JANUARY 1, 2025

However, the classification parameter can be varied; for example, it is possible to use the velocity of turnover rather than annual demand value. For example, accessorial charges might include fees for loading, unloading, palletisation, or depalletisation. It is upon such systems that ABC models are generated and maintained.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 91

Logistics Bureau

NOVEMBER 4, 2019

This speculative post explores the difference between B2B and B2C freight pricing. Should they offer tiered freight-price options like those enjoyed by consumers, and what stops them from doing so? Tiered Freight Pricing in B2C Markets. Pricing calculations can be based on: Distance traveled. Trucking lanes used.

Purchasing Skills 59

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 59

Material Handling and Logistics

MAY 22, 2018

Imagine if a key supplier or manufacturing site is located in a new high-cost zone or, worse, no longer has access to certain markets. When companies set out to cut procurement costs, they typically focus on two areas of savings that procurement offices control directly: price negotiation and supplier selection.

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 60

Logistics Bureau

APRIL 18, 2019

In procurement especially, you are likely to be involved in building contractual agreements with suppliers engaging in commercial negotiations over product price, supplier service, and accountability for inbound transportation of the purchased goods. Logistics Director.

Manufacturing Procurement 107

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 107

EazyStock

MARCH 14, 2023

The distributors who gained a significant strategic advantage over their competitors had a laser focus on profitability during the downturn, a strong emphasis on margin management through disciplined pricing and category management, careful control of costs, and finally, the willingness to invest in priority growth opportunities.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52