ShipLilly

JUNE 28, 2021

Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations. Figuring out how to handle these returns has been a challenge facing suppliers all over. Suppliers are trying to reduce this cost by combining delivery and pickup.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

Blue Grace Logistics

FEBRUARY 26, 2024

Transportation Strategy Profitability Search Search BlueGrace Logistics - February 26, 2024 Transportation strategy plays a pivotal role in ensuring efficiency, cost-effectiveness, and ultimately, profitability for businesses.

Inventory Reduction 62

Inventory Reduction Cost Reduction Waste Reduction Expense Reduction 62

The Logistics of Logistics

NOVEMBER 3, 2021

Richard is the founder and CEO of Gray Growth Strategies , a consulting company that provides custom-tailored solutions for refrigerated or frozen food fulfillment needs. About Gray Growth Strategies. Gray Growth Strategies provides custom-tailored solutions for refrigerated or frozen food fulfillment needs. About Richard Gray.

Cost Reduction 195

Cost Reduction Expense Reduction Inventory Reduction Refrigeration 195

Blue Grace Logistics

MARCH 26, 2024

What you will learn in this blog: Leveraging Data Analytics For Invaluable Insights Implementing Lean Principles for Waste Reduction Effective Management Of Supply Chain Costs As companies navigate market fluctuations and challenges, effectively managing supply chain expenses becomes pivotal for success.

Negotiating Skills 97

Negotiating Skills Cost Reduction Waste Reduction Inventory Reduction 97

The Logistics of Logistics

AUGUST 24, 2022

Sreenivas Vemulapalli and Joe Lynch discuss how to streamline your logistics operations. Our comprehensive services portfolio for the logistics industry spans Digital Strategy Consulting , Data Analytics & Engineering , Platform Development , and Intelligent Automation. About Sreenivas (Sreeni) Vemulapalli.

Logistics Network Optimization Software 287

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The Logistics of Logistics

FEBRUARY 12, 2021

Freight damage is not only expensive and upsetting to customers, but it is also ridiculously hard to figure out where, when, and how it occurred. Ilya’s company, Paxafe creates sensors that enable companies to determine when, where, and how shipments were damaged. Additionally, freight damage and loss are very expensive.

Expense Reduction 195

Expense Reduction Freight Supply Chain Software Modeling Software 195

Logistics Business Magazine

JANUARY 20, 2023

But, how can you drive efficiency, and accuracy whilst saving time in your supply chain with on-time in full strategies? How can you ensure that you’re succeeding in this area? It all comes down to your on-time in full strategies. On this page, we’ll take a close look at OTIF, its benefits, and how you can improve yours.

Expense Reduction 60

Expense Reduction Inventory Reduction Cost Reduction Supply Chains 60

Stord

MAY 8, 2024

What is the biggest logistics challenge facing e-commerce/DTC & B2B companies this year and how can it be overcome? (And what should e-commerce/DTC & B2B companies be doing to get ahead of these challenges?) By fostering flexibility, it allows efficient adjustments in production and distribution.

Optimal Sourcing 158

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MTS Logistics

OCTOBER 31, 2024

There must be efficient strategies deployed to reduce the spread of pests and different stakeholders must contribute in some way. The emerald ash borer, a devastating wood-boring insect found in China and eastern Asia, is an example of a pest that is expensive to eradicate. What are the primary consequences of not doing so?

Expense Reduction 74

Expense Reduction Resource Reduction Cost Reduction How To 74

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

OCTOBER 16, 2024

Strategic Benefits For companies that integrate autonomous delivery vehicles into their operations, benefits include: Cost Savings: Autonomous vehicles reduce the reliance on human drivers, which can significantly lower labor costs.

Supply Chain Planning Software 162

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Logistics Viewpoints

MARCH 21, 2024

Self-distribution is an increasingly popular option for healthcare systems to consider when deciding how to manage their supply chain. The challenges brought about by the pandemic made many rethink strategy when it came to inventory, stock on hand, secondary options and the ability to guarantee supply and resiliency.

Supply Chain Planning Software 159

Supply Chain Planning Software Optimization Software Supply Chain Software Inventory Reduction 159

Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Eliminating the Need for Markdowns: By maintaining the right stock levels at the right times, we can avoid bothersome markdowns.

Inventory Reduction 52

Inventory Reduction Cost Reduction Resource Reduction Waste Reduction 52

Logistics Viewpoints

NOVEMBER 22, 2022

Trucking companies need to manage many layers of safety and compliance, and while insurance is just one of them, it’s also among the most important and expensive. So, in an era of escalating costs, carriers need to always be on the lookout for ways to cut costs while maintaining proper and sufficient coverage.

Cost Reduction 154

Cost Reduction Expense Reduction Tips Trucking 154

Locus

JUNE 16, 2023

Read also: How to Calculate the Cost of Transport 2. Just one hour of idling per day over a year equals 64,000 miles of engine wear , resulting in additional annual maintenance expenses of up to $9,472 per truck. Read also: A Study of Unit Economics in Last Mile Delivery Is it essential to reduce last-mile delivery costs for vehicles?

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

CH Robinson Logistics

OCTOBER 28, 2021

How can, therefore, shippers increase the efficiency of their LTL shipping operations while cutting down on costs and retaining their competitive edge? Although LTL shipping is typically a more cost-efficient mode of transportation, it can be proven very expensive if shippers don’t work with reliable capacity options.

Cost Reduction 96

Cost Reduction Expense Reduction Supply Chain Planning Software Efficiency 96

Locus

OCTOBER 12, 2023

Let’s take a look at recent example of how the strategies employed by the Indian Cricket Team during their face-off against Australia in the 2023 World Cup resonate seamlessly with the principles of optimal last-mile delivery: 1. They synchronized their strategies, adjusting to the game’s rhythm. Their secret sauce?

Expense Reduction 64

Expense Reduction Cost Reduction Resource Reduction Strategy 64

3PL Links

OCTOBER 15, 2024

Image source: Pexels | Logistics Challenges and How to Overcome Them Let’s break down the most common logistics problems and how you can resolve them to improve your operations. Read Also: How to Optimize Your Stock With Ideal Storage Structures 1. Analyze your logistics expenses thoroughly, from transportation to storage.

Inventory Reduction 62

Inventory Reduction Logistics Network Optimization Software Supply Chain Software Expense Reduction 62

FreightWaves SONAR

FEBRUARY 5, 2021

As reported by Supply Chain Game Changer , “certainly there are many factors that can cause a company to apply intense pressure on the supply chain and other functions, to reduce their costs. Financial losses or declining profitability certainly make cost-cutting a priority. Request a SONAR Demo.

Expense Reduction 105

Expense Reduction Cost Reduction Price Reduction Waste Reduction 105

Logistics Viewpoints

NOVEMBER 20, 2023

Rather than just offering consumers the choice of buying online or buying in the store, a retail omnichannel strategy involves a lot more paths to fulfill an order or to process a return. Omnichannel Order Management Systems are Complex For retailers, implementing a sound omnichannel strategy can be difficult.

Cost Reduction 166

Cost Reduction Expense Reduction Inventory Reduction Modeling Software 166

WorkWave

JUNE 17, 2024

Generating more leads is a key strategy for increasing revenue, expanding market reach, and establishing a strong reputation in the industry. Digital marketing has emerged as an essential strategy to effectively promote products and services online. Email marketing is an effective pest control lead generation strategy.

Optimal Sourcing 96

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 96

United World Transporation

FEBRUARY 4, 2022

If you’d like to know how to start an owner-operator business in 2022 and 5 essential things you need to keep in mind, then continue reading below. How is your network in the industry—do you know people who can help? Do you know how to negotiate business deals? Learn How to Maximize Profits. Find the Right Truck for You.

Expense Reduction 96

Expense Reduction Cost Reduction How To Negotiating Skills 96

The Logistics of Logistics

NOVEMBER 4, 2019

I think the way companies buy today is very different from how they bought twenty years ago, and I really don’t think the logistics industry has evolved with that. There’s so much information out there that wasn’t available before about how to solve certain problems and what providers can help. It’s really all about the strategy.

Expense Reduction 173

Expense Reduction Strategy Analysis Logistics 173

Log-hub

MARCH 1, 2023

The mistakes that can pull your supply chain far away from the progress are bad cost management strategy, lack of optimized business processes, neglecting data and KPI’s, poor customer service and no future planning. But how to get rid of them? One of them is a bad cost management strategy. Keep your long-term growth plan ready.

Cost Reduction 52

Cost Reduction Sourcing Strategies Expense Reduction Supply Chain Design Software 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 88

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 88

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.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

Dedola Global Logistics

SEPTEMBER 30, 2024

How to Prepare for a Strike and Its Impacts: A Guide for Supply Chain Leaders Port strikes can severely disrupt businesses that rely on ocean and air freight, leading to delayed shipments, increased costs, and logistical nightmares. While it’s more expensive, it can help avoid costly stockouts.

Supply Chains 84

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Logistics Viewpoints

JANUARY 17, 2023

As a result, all the components of products on the shelves have become more expensive, leading to intense cost pressure while also highlighting the importance of strategic sourcing. To counter strong inflationary pressures of the past few years, banks and governments increased interest rates, making borrowing much more expensive.

Supply Chain Software 143

Supply Chain Software Optimization Software Optimal Sourcing Logistics Network Optimization Software 143

Logistics Bureau

DECEMBER 24, 2024

Reduction in asset capital.Warehouses and vehicles are expensive to purchase or lease and can tieupmillions of dollars that could otherwise be invested in the core business of the firm. Alas, in some cases, there is no supply chain strategy to speak of. But what about cost of service?

Outsourcing 62

Outsourcing Warehousing Negotiating Skills Purchasing Skills 62

United World Transporation

JUNE 25, 2020

According to industry experts, fuel purchases can account for approximately 25% of a trucking company’s operating expenses. So, any opportunities to increase fuel efficiency and save money are valued in the industry, and fuel purchase routing is a commonly used strategy by many long-haul truck drivers. What is fuel purchase routing?

Procurement Solutions 98

Procurement Solutions Purchasing Skills Procurement Analytics Purchasing 98

EazyStock

NOVEMBER 19, 2020

Yet inventory replenishment planning – done correctly – can have a really positive impact on your business in terms of improving operational efficiency, reducing supply chain risk and enhancing bottom line profitability. Teams have more control over replenishment planning, eliminating the element of ‘fire-fighting’.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

SYSPRO Smarter ERP

FEBRUARY 22, 2024

An ERP system that incorporates a cutting-edge warehouse management system (WMS) can help you optimize processes, streamline workflows and decrease errors. Here’s how to do it: Label aisles, rows and bins with floor or overhead placards so employees can identify the correct location quickly and easily. Group multiple orders.

Manufacturing Procurement 116

Manufacturing Procurement Inventory Reduction Expense Reduction Waste Reduction 116

Parade

MAY 6, 2020

Ryan is the Director of Engagement at CarrierDirect, a transportation strategy consulting firm. How long can you afford to serve your shippers if volume declines last for three more months? monthly payroll expense (Maximum loan $10M). Co-authored by Ryan Schreiber and Anthony Sutardja. Six months? Interest: 1%.

How To 125

How To Cost Reduction Expense Reduction Negotiating Skills 125

3PL Links

SEPTEMBER 8, 2023

Unlocking Customer Satisfaction: Is Your Fulfilment Strategy Aligned with Expectations? But in this post, we’ll focus on what is arguably the trickiest and most important topic of all: how to place inventory in the “Omni” consumer era across the entire network.

Inventory Reduction 48

Inventory Reduction Sourcing Strategies Cost Reduction Expense Reduction 48

Logistics Bureau

OCTOBER 26, 2024

Often, people think that supply chain consulting is about reducing costs. This means consultants have more tools at their disposal, more experience and most importantly, the know-how to navigate the issue and its potential solutions. This is not about having someone come and tell you what your strategy should be though.

Supply Chain Planning Software 91

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

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115