Logistics Business Magazine

NOVEMBER 13, 2022

One of the key findings of Descartes’ recent study of consumer sentiment of sustainable home delivery practices was that consumers have different delivery expectations when it comes to sustainability. Essentially, the study underscores that a lot of consumers have sustainable delivery personas. So, what are delivery personas?

Purchasing Skills 63

Purchasing Skills Study Cost Reduction Purchasing 63

Ship Monk

APRIL 5, 2024

To engage in SRM, you’ll need SIM and SPM: an SIM (supplier information management) tool centralizes basic contact and purchasing data for all of your suppliers; an SPM (supplier performance management) tool measures how well each supplier is performing against the terms of the contract.

Negotiate Pricing 105

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Ship Monk

JULY 28, 2021

Think of the last time you purchased a product or service based on the recommendation of a friend, family member, or your favorite social media influencer. Take us, for example. Social proof can come from all sorts of places, but the below examples have proven to be some of the most effective. Types of Social Proof.

Eliminating Excel in Purchasing 98

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Logistics Business Magazine

JUNE 25, 2024

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. Things were different a few years ago. Sometimes very successfully.

Supply Chain Design Software 62

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Logistics Business Magazine

AUGUST 11, 2023

Even though many ecommerce merchants use data-backed buying personas, that provide insight into the purchasing decisions of their customers, many are only truly starting to get to grips with the next part associated with buying personas – and that is appreciating that consumers have delivery personas too. What about Millennials and Boomers?

Groups 62

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Ship Monk

SEPTEMBER 10, 2024

Live Shopping – The integrated in-app checkout feature that allows the discovery and purchase process to take place, thus streamlining the buyer journey and shortening the purchase funnel. The curated collections can be grouped based on theme or category (for example: cute clutches for a night out or must-have tech for travel ).

eCommerce 63

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Trinity Logistics

NOVEMBER 11, 2022

For example, manufacturing output has been expected to increase by 2.4 In a study by The Manufacturing Institute, 69 percent of employees under the age of 25 reported that they stayed with their current employer because of training and development opportunities. INCREASED DEMAND AND OUTPUT, DECREASING LABOR. DIVERSIFYING WORKFORCE.

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Ship Monk

JUNE 16, 2023

Retargeting and Reminders Fact: customers who create loyalty programs with your ecommerce brand are more likely to make purchases in the future. For instance, if you purchase under $100 from an ecommerce brand’s online store in a year you receive a 10% birthday coupon. This is just one example of how a tier system can be structured.

eCommerce 52

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Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. One study shows that one in three companies in the United States has jobs that are taking nine to 12 months to fill. Sea Change—A Supply Chain Career is now seen as ‘Cool’.

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Logistics Viewpoints

AUGUST 29, 2022

In the case of network-based risk management solutions, a network of users is connected to carefully curated real-time alerts generated by connections to a huge number of online publications, social media feeds, and third-party purchased data. For example, a manufacturer might have a supplier in Hanoi they purchase key components from.

Supply Chain Planning Software 117

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WorkWave

FEBRUARY 9, 2024

Bundled services are usually cheaper than if customers were to purchase each service individually. Here’s why: Bundled pricing simplifies the purchasing process for customers. Studies demonstrate that transparent pricing increases customer trust by 30%, resulting in a 25% rise in repeat business.

Price Reduction 52

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GoShip Blog

APRIL 28, 2020

But there seems to be a secret key to keep getting loyal customers – even if their purchase didn’t satisfy them. Let’s take a look at some key takeaways from different studies: 69% of shoppers won’t buy from you again if they have to pay for returns. 66% of customers will review your returns policy before completing a purchase.

How To 52

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Logistics Bureau

SEPTEMBER 4, 2023

Potential Factors in Declining Margins To get to the root of the problem, understanding the costs of production or purchasing will be a necessary starting point, but typically, more information will be needed. Some customers are very good at finding loopholes to reduce their purchasing costs. In short, you can’t.

Negotiating Skills 90

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GoShip Blog

AUGUST 18, 2022

Businesses selling items like furniture, cars, and electronics have long allowed customers to pay off major purchases in instalments. Buy Now, Pay Later financing allows consumers to make purchases and pay later in interest-free instalments. The concept of instalment payment plans is nothing new. How it works . Risks involved .

Procurement Solutions 52

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GoShip Blog

FEBRUARY 2, 2023

Examples of brand values include integrity, honesty, customer-centricity, quality, sustainability, diversity and inclusion, equality, collaboration, accountability, creativity, teamwork, social responsibility, etc. Also, a 2017 study found that over 55% of Americans are loyal to brands with values that resonated with them.

Sourcing Strategies 52

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TransAudit

DECEMBER 13, 2023

Supply chains at a consumer goods company, for example, make up about 80% of the company’s greenhouse gas (GHG) emissions. Here are three examples of how companies adopted a circular supply chain approach and saw significant results: RUSH University Medical Center saved more than $244,000 by reusing workplan furniture.

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Logistics Viewpoints

MAY 3, 2021

OpenText was the largest vendor in this market the last time ARC did the study. An EDI VAN enables the secure exchanges of electronic business documents, such as purchase orders and invoices, with trading partners—via electronic data interchange format. As such, their offerings warrant attention. That improves warehouse operations.

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Logistics Business Magazine

OCTOBER 23, 2018

Not only because purchasing and maintaining the trucks is cost-effective, but also due to the trucks’ robustness and durability. The DuraMatchTM gearbox, for example, prevents abrupt braking and regulates the direction of travel to protect brakes and tyres. ” The Hyster® Fortens® forklifts with a 4.0-tonne ” Tweet.

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Ship Monk

DECEMBER 12, 2023

Ensure your brand is positioned to make customers happy with all their purchases, even the last-minute ones. Think ecommerce stores that specialize in clothes, toys, and books for example. Strategy and precision around the holidays are as important to ecommerce store owners as lights and ornaments are to the pivotal pine tree.

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Logistics Viewpoints

MAY 10, 2022

In fact, a study by LinkedIn found that 70% of employees would not work at a leading company if it meant they had to tolerate a bad workplace culture. Survey your users to avoid unseen pitfalls and make sure you’re actually purchasing a solution that provides a good user experience. Technology’s role in helping employees thrive.

Vendor Strategies 111

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Material Handling and Logistics

MAY 14, 2018

Five of the six major automakers manufacturing and selling vehicles in North America fell in their annual supplier relations rankings, according to the results of the 18th annual North American Automotive OEM - Supplier Working Relations Index Study conducted by Planning Perspectives, Inc. Ford is fourth (363). Ford (3.05) is fourth.

Purchasing Skills 110

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Trinity Logistics

NOVEMBER 13, 2023

According to a study by the Manufacturing Institute, less than 30 percent of manufacturing workers are women. technologies, such as the above examples, can raise productivity by 40 percent. Manufacturing companies can become carbon neutral by purchasing carbon offsets. Industry 4.0 Industry 4.0

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Trans Global Auto Logistics

DECEMBER 17, 2020

Forbes magazine cites a study by the Center for Exhibition Industry Research (CEIR) that determined over 9,000 trade shows were held in 2019, contributing to over 100 billion dollars in US GDP. For example, buyers can’t handle expensive items, such as cars, in person. Let us be your partner in your next international auto event.

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Ship Monk

SEPTEMBER 29, 2022

If you manage your own fulfillment, you’ll need to study data and inventory formulas from previous seasons and hire more packers while running your promotions to keep up with competitors. We even have a post-purchase suite to help customers if anything goes wrong with a shipment they receive. Manage Your Deadlines. Brand Everything.

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Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. Mr. Sorenson has studied integrated business planning for many years. Dean Sorenson concurs. The improved costing information will then be used to improve the supply chain planning model.

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Locus

AUGUST 5, 2024

According to a study by Accenture, businesses with most mature supply chains are 23% more profitable, and they are six times more likely to use AI and generative AI widely for creating business value in their logistics and supply chain operations. When it comes to AI in logistics and supply chain management, the data is clear on this.

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GoShip Blog

JANUARY 26, 2021

It is a challenging task, but you can extract valuable insights by analyzing information regarding your shipments and studying delivery records. For example, a certain carrier could be causing delays in freight delivery, or there might be long dwell times on a particular location.

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Logistics Viewpoints

JANUARY 26, 2021

This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation.

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Locus

JULY 10, 2024

According to a study by Prosci , companies with effective change management are six times more likely to meet project objectives on time and on budget. Examples of Effective Change: How Change Management Fueled Logistics Innovations Walmart’s Digital Transformation Take Walmart as an example. The result?

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Logistics Bureau

MAY 30, 2022

For example: Alignment of strategy and cost leads to happy shareholders. As an example, let’s say that as a part of its customer service promise, your company guarantees its customers that they will receive their orders within 24 hours. Why does the C-suite want the three pillars aligned?

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Logistics Bureau

JANUARY 21, 2020

For example, the seemingly unstoppable Amazon surprised pundits by reporting lower year-on-year profits in the third quarter of 2019. . For example, general merchandise retailer Target, and consumer electronics giant Best Buy have been enjoying gains in online sales in 2019.

Inventory Reduction 62

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Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? And when we feel uncertain, humans tend to look for examples of what others in our situation have done. We’ll give you some examples of social proof, and we’ll even rank them in terms of trustworthiness. What is Social Proof?

eCommerce 105

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Logistics Bureau

MAY 3, 2021

With all that in mind, I thought I’d share some examples of the highs and lows of online and in-store retail that enterprises have endured between late 2019 and early 2021, and highlight some of the most notable changes in the retail supply chain arena during that period. The Dark Store Trend. Which Retailers Are Into Dark Stores?

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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. Of the DC technology choices available, AI software is significantly promising for many looking to transform their DC operations.

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3PL Links

JUNE 11, 2024

Nowadays, there are no longer any regional restrictions on Internet shopping, which makes it easier for customers nationwide to make purchases from companies based in other states. Study the cost-benefit The best price is typically correlated with the value of the offer, while the lowest can be costly.

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GlobalTranz

JUNE 16, 2015

In fact, the annual ChainLink Research Study found innovation to be the top focus for those involved in the manufacturing community. This occurs as more consumers have sought out ways to purchase goods or services online due to increasingly chaotic and intensive work schedules or inability to reach your business due to location.

Manufacturing Procurement 101

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Blue Grace Logistics

APRIL 11, 2021

Grocers, for example, had to quickly implement new digital processes for customers to order and pickup orders. Many local retailers had to quickly move to online channels for their customers to make purchases and pick up their goods curbside. The expedited rollout caused what he describes as “forced experiments” with technology.

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