Ship Monk

DECEMBER 5, 2022

Could there be hidden costs you’re not accounting for in your pricing strategy? One of the most common mistakes direct-to-consumer (DTC) ecommerce brands make is failing to understand and track their true costs, a.k.a. landed costs. What is Landed Cost? Landed Cost vs. Cost of Goods Sold.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

Logistics Viewpoints

OCTOBER 17, 2024

Supply Chain Knowledge and Risk Mitigation: Suppliers have a direct impact on direct spend with raw material and transportation costs as two big drivers of operating margins. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing.

Supply Chain Planning Software 141

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 141

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 109

Cost Reduction Purchasing Skills Waste Reduction Material Savings 109

Logistics Viewpoints

OCTOBER 24, 2024

SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. When a procurement contract is negotiated, the buyer has planned to achieve a certain level of savings.

SAP 140

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 140

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

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 117

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

WorkWave

FEBRUARY 9, 2024

One effective strategy that’s been gaining traction is price bundling. Also known as packaged pricing, this strategy involves bundling various services together and charging one price. Bundled services are usually cheaper than if customers were to purchase each service individually. Why Does Bundle Pricing Really Work?

Price Reduction 52

Price Reduction Purchasing Skills Tips Procurement Solutions 52

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. Emergency Purchase Rate.

Procurement Analytics 118

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 118

Stord

OCTOBER 14, 2020

October 15, 2020 Businesses selling products need to calculate inventory costs as part of filing IRS income tax. It’s not just a matter of knowing your total cost of goods, but using the information for business income deductions. The ending inventory cost would be zero, while the beginning inventory cost would be high.

Purchasing Skills 78

Purchasing Skills Inventory How To Procurement Analytics 78

Freightos

DECEMBER 20, 2022

From lockdown-induced purchasing highs, soaring logistics costs and supply chain snarls to waning demand, soaring inflation, and fears of recession – there has never been a dull moment. . The role logistics costs have played in increased or decreasing inflation is now more relevant than ever. . Sources: U.S.

Purchasing Skills 62

Purchasing Skills Analysis Cost Reduction Freight 62

Conger

JULY 28, 2022

Plenty of examples of warehousing. This means they act as third-party logistics (3PLs) and may even offer value-added fulfillment services to help subsidize the costs of running the warehouse. High capital and operating costs make private warehouses a realistic option only for large, established businesses. Their pros and cons.

Examples 52

Examples Definition Supply Chain Design Software Supply Chain Software 52

SYSPRO Smarter ERP

AUGUST 21, 2024

With manufacturing getting increasingly competitive and with margins reducing, manufacturers are looking at ways to improve efficiency and productivity while reducing costs. Reducing costs Getting costs under control helps to ensure a good return on capital investment and that factory equipment is operating at optimal profitability.

Manufacturing Procurement 52

Manufacturing Procurement ERP Cost Reduction Procurement Solutions 52

Chronicled

FEBRUARY 8, 2021

Group Purchasing Organizations (GPOs) offer enormous benefits to the healthcare industry by providing efficiency and cost reduction to healthcare providers. However, the group purchasing market in the United States is extremely competitive. 100) and the discounted contract price (ex. $60), 40 : $100?—?$60),

Purchasing Skills 52

Purchasing Skills Price Reduction Negotiating Skills Manufacturing Procurement 52

Logistics Business Magazine

AUGUST 15, 2023

In a world where rising bills seem to be the norm for families and businesses alike, the delicate dance of balancing service quality with cost-efficiency has become a challenge for retailers and ecommerce delivery, writes Gemma Vasey, Business Development Manager, Asendia UK.

Purchasing Skills 65

Purchasing Skills Cost Reduction eCommerce Price Reduction 65

GlobalTranz

JANUARY 19, 2015

than simple cost comparisons. A reshoring project is not a simple task of comparing costs in the U.S. These “Bring Manufacturing Back” initiatives have many moving parts and require careful planning and execution and very skillful project management. In this way, costs can be kept competitive with overseas factories.

Manufacturing Procurement 101

Manufacturing Procurement Purchasing Skills Buyer Training Supply Chain Planning Software 101

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 91

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

Logistics Viewpoints

AUGUST 1, 2024

According to Bloomberg , the coffee supply chain is struggling with constrained supply and increase in prices is inevitable. Top Challenges Faced by Companies: Customer Preferences: Example: An online fashion retailer faces the challenge of constantly changing customer preferences.

Supply Chain Design Software 162

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Scenario Planning 162

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

Logistics Bureau

JUNE 5, 2023

If your company operates a distribution fleet, you’ll know that the costs of running trucks for customer deliveries are continually increasing. In this post, we’re sharing our top tips for cost reduction in each of these three areas, so let’s get to it, beginning with truck expenditure. It’s a fair question.

Cost Reduction 74

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 74

GoShip Blog

MAY 26, 2022

Fuel is one of the major driving forces in the economy, so a price change will cause economic ripple effects far from the gas pump. Businesses of all sizes require fuel and are, therefore, affected by an increase or decrease in its price. Why do fuel prices fluctuate? What rising fuel prices mean for your small business.

Price Reduction 52

Price Reduction Purchasing Skills Expense Reduction Cost Reduction 52

Logistics Business Magazine

JANUARY 25, 2023

The war in Ukraine has brought a further significant issue with the huge increase in the cost of EV charging. This is adding another dimension to the cost of powering vehicles, with businesses having to ultimately pass on the increased expense onto their customers. Is EV investment still a sound logistic business sense ?

Purchasing Skills 64

Purchasing Skills Manufacturing Procurement Logistics Network Optimization Software Logistics 64

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

GoShip Blog

JULY 18, 2022

Freight costs have a substantial effect on profitability and overall business growth. Learn how to optimize these costs to keep your supply chain running smoothly without paying exorbitant amounts for shipping. How freight costs impact your business. Ways you can optimize your freight costs. Reduce shipping frequency.

Optimization Software 52

Optimization Software Cost Reduction Negotiating Skills Purchasing Skills 52

Apparel Logistics

JANUARY 4, 2017

Billions of purchases are made around the world every day. These purchases fall into two major categories: transactional and relational. Read on to understand the differences between these purchases and what they mean for your organization. Understanding Transactional Purchases.

Purchasing Skills 48

Purchasing Skills Purchasing Negotiating Skills Examples 48

Logistics Viewpoints

AUGUST 15, 2022

Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point. For example, one of the key decisions that a manufacturer needs to make is should they continue to buy goods from one of their suppliers. That supplier can be put on “hold.”

Manufacturing Procurement 145

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 145

Logistics Viewpoints

FEBRUARY 7, 2024

For example, most people expect free next-day delivery for online purchases as a result of Amazon Prime. And more consumers are looking at sustainability as a key motivator for purchasing. Amazon, for example, has purchased over 100,000 Rivian electric vehicles for deliveries.

Supply Chain Design Software 173

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 173

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 55

Negotiating Skills Purchasing Skills Cost Reduction Procurement Solutions 55

SYSPRO Smarter ERP

NOVEMBER 7, 2022

A unit of measure (UOM) describes how the quantity of an item is tracked and managed; common units are ‘each’, ‘piece’, ‘pack’, ‘meter’, gallon’, and ‘pallet’ Typically, items can be bought, made, stored, costed, transported and sold in different UOMs.

ERP 98

ERP Manufacturing Procurement Purchasing Skills Optimal Sourcing 98

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! Then you’re in the right place.

Purchasing Skills 52

Purchasing Skills Price Reduction How To Manufacturing Procurement 52

Parade

JANUARY 20, 2022

That’s not to say that it doesn’t take time to get to the point where you can use a purchased software in operations; it takes time to implement, integrate, test, and train staff to work with new programs. With software, that overrun can be costly, , according to McKinsey. In-house builds have no such luxury.

Procurement Solutions 78

Procurement Solutions Supply Chain Software Purchasing Skills Purchasing 78

Logistics Business Magazine

JUNE 25, 2024

Cost savings used to be at the top of supply chain managers’ agendas. Take Germany, for example: the “Trends in Logistics & SCM” study conducted by the German Logistics Association BVL in 2023 shows that cost pressure was the most important topic for decision-makers in 2016, but in 2023 it only ranks fourth.

Supply Chain Design Software 59

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 59

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 Business Magazine

DECEMBER 8, 2022

Additionally, the always present issues of shortage of skilled labour, supply chain disruptions and cost pressure also prove difficult. In the fashion and fast-moving consumer goods sectors alone, these are more than 100 brands, including, for example, Marc O’Polo, Jack Wolfskin, KiK and Wenko. Cost awareness increases.

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Purchasing Skills 64

Ship Monk

OCTOBER 22, 2024

Positives The benefit of DDU comes down to two factors: cost and simplicity. Cost Covering all duties and tariffs on your end can really add up. Either you take the hit entirely, which cuts down your margins, or you build some or all of those costs into your product price, which can deter conversions.

Procurement Solutions 70

Procurement Solutions Purchasing Skills eCommerce Price Reduction 70

Logistics Viewpoints

APRIL 3, 2024

Scope 1 emissions include all direct emissions that are generated from sources that are directly owned or controlled by an organization. Scope 2 emissions include all indirect emissions from the generation of the electricity purchased and used by an organization at local or international sites. Not all emissions are created equally.

Manufacturing Procurement 150

Manufacturing Procurement Supply Chain Design Supply Chains Resource Reduction 150

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. Sales organisation costs.

Purchasing Skills 90

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 90

Conger

FEBRUARY 8, 2024

Refurbishing equipment is a mix of cost savings, equipment availability (whether new or used), and the ability to refurbish equipment, considering component availability. Cost Savings Cost savings is an obvious benefit of refurbishing equipment. Refurbishing can save as much as half of the cost of a new machine.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52