GoShip Blog

APRIL 14, 2020

A shipping strategy is not as high of a priority for small business owners as it should be. Shipping for small businesses is not limited to just cutting costs , either. Creating a working and suitable shipping strategy is key to satisfying your customers and boosting your business performance. Go omnichannel.

Expense Reduction 80

Expense Reduction Cost Reduction Inventory Reduction Strategy 80

3PL Links

NOVEMBER 12, 2024

With logistics, labor, and inventory costs on the rise, finding targeted ways to reduce expenses can have a significant impact on your bottom line. Here are seven proven strategies every supply chain manager should explore to streamline operations, boost efficiency, and drive profitability.

Cost Reduction 62

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

GoShip Blog

FEBRUARY 7, 2023

Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. Why a Solid Marketing Strategy is Important A marketing strategy refers to a business’s action plan for achieving its short and long-term goals and developing a sustainable competitive advantage.

Waste Reduction 52

Waste Reduction Price Reduction Resource Reduction Expense Reduction 52

Logistics Viewpoints

NOVEMBER 6, 2024

This integrated approach enables Summit to reduce idle time and fuel wastage, aligning with its goal of net-zero emissions by 2050. ORION has proven essential in reducing travel distances, as well as cutting down on greenhouse gas emissions associated with unnecessary mileage.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimization Software 136

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. Collaborating with manufacturers and vendors is now eliminating additional responsibilities that reverse logistics would otherwise create.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

WorkWave

JANUARY 8, 2024

Choosing the right pricing strategy is essential for businesses aiming to thrive in competitive landscapes and secure a prominent position within local markets. In this blog, we’re going to cover why every service business owner needs to prioritize pricing strategies and discuss three of the most common and strategic pricing models.

Price Reduction 52

Price Reduction Material Savings Cost Reduction Resource Reduction 52

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

I.C.E. Transport

APRIL 23, 2024

Shippers, especially small to mid-sized businesses (SMBs), need to use every tool at their disposal to cut ocean shipping expenses. This article reviews some practical ways to cut costs and avoid overpaying for ocean freight.

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WorkWave

JANUARY 8, 2024

Choosing the right pricing strategy is essential for businesses aiming to thrive in competitive landscapes and secure a prominent position within local markets. In this blog, we’re going to cover why every service business owner needs to prioritize pricing strategies and discuss three of the most common and strategic pricing models.

Price Reduction 52

Price Reduction Material Savings Cost Reduction Resource Reduction 52

Logistics Viewpoints

APRIL 6, 2023

By working closely with suppliers, organizations can improve the quality and reliability of their in-bound supply chains, reduce costs, and increase their overall efficiency. The costs associated with purchasing these items hit the “operational expenses” components of the company’s financial statements.

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Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 127

3PL Links

NOVEMBER 26, 2024

These can be critical problems for companies looking to increase productivity and reduce expenses in logistics operations. You’ve come to the right place if you’ve been wondering how to integrate modern technology into your business and what tools you’ll need. How Does Automation Reduce Operating Costs?

Supply Chain Software 62

Supply Chain Software Logistics Network Optimization Software Optimization Software Supply Chain Planning Software 62

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. One of them is a bad cost management strategy. What to avoid in your Supply Chain Strategy?

Cost Reduction 52

Cost Reduction Sourcing Strategies Expense Reduction Supply Chain Design Software 52

3PL Links

NOVEMBER 5, 2024

Image source: Pexels | Top 5 Benefits of Outsourcing Logistics to a 3PL Provider In today’s fast-paced and increasingly competitive market, businesses are continually seeking ways to streamline operations, reduce costs, and enhance customer satisfaction.

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Outsourcing Cost Reduction Expense Reduction Inventory Reduction 62

Shipping and Freight Resource

JUNE 29, 2020

The more your products get damaged in shipping, the more money your company loses and the effects of that loss can spread throughout your organization, causing both direct and indirect expenses and affecting sales. But if you can reduce cargo and shipping damage , you can cut shipping costs. Make Labels Clear.

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Material Savings Cost Reduction Expense Reduction Resource Reduction 115

Blue Grace Logistics

JUNE 27, 2024

Companies across various industries are constantly seeking ways to streamline their operations, reduce costs, and enhance customer satisfaction. One strategy gaining increasing popularity is partnering with third-party logistics providers, commonly known as 3PL partners. Cost control goes beyond simply finding the lowest rate.

Inventory Reduction 110

Inventory Reduction Resource Reduction Cost Reduction Expense Reduction 110

Logistics Bureau

NOVEMBER 12, 2024

Of course this stage of planning can become pretty complex, and it will often pay to seek advice from equipment suppliers or even engage a consulting firm to help you develop your storage strategy. This involves using data and simulation tools to identify areas for improvement and implement changes that enhance efficiency and reduce costs.

Modeling Software 88

Modeling Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 88

Logistics Bureau

SEPTEMBER 26, 2018

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.

Cost Reduction 90

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 90

Compactor Management Company

JULY 19, 2023

Are you thinking about or currently implementing the 3R principle of waste management: reduce, reuse, recycle , there’s news for you. The new, simple, yet effective waste management mantra is the 5R principle: “refuse, reduce, reuse, repurpose, and recycle”. Reduce The second stage is to cut back on waste.

Waste Reduction 40

Waste Reduction Material Savings Resource Reduction Expense Reduction 40

Conger

APRIL 1, 2024

By carefully planning and scheduling maintenance before issues arise, businesses can avoid interruptions and reduce costs associated with emergency repairs and downtime. Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Let’s dive in!

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Material Savings Expense Reduction Resource Reduction Cost Reduction 81

Logistics Viewpoints

JANUARY 31, 2022

It increases site productivity, reduces the usage of raw materials by up to 50%, but also leads to a more comfortable building. However, their carbon reduction goals for their value chain operations for 2030 will not be changed. However, their carbon reduction goals for their value chain operations for 2030 will not be changed.

Material Savings 135

Material Savings Cost Reduction Price Reduction Expense Reduction 135

WorkWave

FEBRUARY 16, 2024

As a pest control business owner, you’ll also get tips on managing costs effectively while maintaining service standards, plus smart pricing strategies to keep your bottom line healthy. Calculating it accurately can help you make informed decisions about pricing, cost-cutting measures and growth strategies.

Expense Reduction 52

Expense Reduction Price Reduction Cost Reduction Vendor Strategies 52

Blue Grace Logistics

AUGUST 10, 2021

Over the last decade, ever since social media and the IoT became common-place mediums, there has been a change in marketing tools and strategies. A more streamlined communication is provided by omnichannel strategies. In-store visits were drastically reduced during the pandemic.

Expense Reduction 62

Expense Reduction Cost Reduction Strategy Optimization Software 62

3PL Links

OCTOBER 15, 2024

This type of system helps you monitor current inventory, forecast demand, and reduce unnecessary storage costs. Additionally, tools that analyze customer purchasing trends can help you make informed decisions about when and what to stock. Analyze your logistics expenses thoroughly, from transportation to storage.

Inventory Reduction 62

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

Logistics Bureau

MAY 24, 2019

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.

Cost Reduction 73

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 73

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 118

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 118

Blue Grace Logistics

AUGUST 7, 2024

Precision in Fulfillment – Possible 28% Reduction in Fulfillment Errors Order-level management allows businesses to streamline their fulfillment processes. Accurate order fulfillment is the foundation of a successful logistics strategy , and it forms the basis for reliable cost to serve calculations. #2.

Cost Reduction 93

Cost Reduction Expense Reduction Resource Reduction Ordering 93

Stord

MAY 8, 2024

Deploying Modern E-Commerce Strategies Leveraging modern e-commerce strategies like pre-orders, influencer marketing, order consolidation (combining multiple orders into a single shipment), bundles, and upsells is currently a major operational and technical challenge for most DTC brands.

Optimal Sourcing 158

Optimal Sourcing Supply Chain Planning Software Inventory Reduction Optimization Software 158

Logistics Viewpoints

MARCH 21, 2024

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. Self-distribution can be more expensive than relying on third party distributors due to the need for additional staff, equipment, and technology investments.

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Supply Chain Planning Software Optimization Software Supply Chain Software Inventory Reduction 142

Conger

MARCH 28, 2024

These commercial vehicles are called fleets and are often one of the most expensive assets for a business. It helps in promoting safer driving practices and reducing breakdowns. One of the strategies to consider is adopting robust fleet management software, which enables businesses to automate and streamline fleet-related processes.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

Bringg

AUGUST 1, 2018

They are designed solely to fulfill delivery orders with all the tools, ingredients and personnel required to create the same food as in a ‘real’ restaurant. There’s a lot of uncertainty, especially among large restaurant chains, as they plan their future strategy. Where are the ghost restaurants?

Expense Reduction 83

Expense Reduction Cost Reduction Strategy Trends 83

SYSPRO Smarter ERP

MARCH 20, 2024

For manufacturers, having the right business intelligence on hand at the right time can eliminate the guesswork from decision making, offering real-time visibility into business processes so you can anticipate your next move. Eliminate reporting inconsistencies and data redundancy. Reduce data warehousing costs. Scarce manpower.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Expense Reduction Cost Reduction 105

Logistics Business Magazine

JUNE 11, 2024

Manufacturing overseas is commonly seen as a less expensive approach. However, localising production in the UK permits quality control, safeguards against exchange rate volatility, and significantly reduces a company’s carbon footprint. Therefore by manufacturing in the UK, Palletower will reduce their emissions dramatically.

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Manufacturing Procurement Sourcing Strategies Material Savings Expense Reduction 50

WorkWave

FEBRUARY 14, 2020

A lawn care and landscaping business requires a fairly substantial investment in landscaping tools and gear to get started. Whether you’re brand new to lawn care services or an experienced vet, you probably have questions about the best lawn care tools. Check out our lawn care tools list for the best lawn tools you’ll want to own.

Modeling Software 88

Modeling Software Tools Eliminating Excel in Purchasing Expense Reduction 88

Logistics Business Magazine

FEBRUARY 15, 2023

As the impact of this continues to be felt, Accenture predicts that consumers will start to cut back on some non-essential items, while businesses will focus on improving operating efficiency. By reducing operating costs and improving productivity, robotic lift trucks can deliver efficiencies, but the timeline naturally varies by operation.

Cost Reduction 56

Cost Reduction Expense Reduction Supply Chain Design Software Price Reduction 56

The Logistics of Logistics

FEBRUARY 11, 2022

You are Making Significant Logistics Strategy Changes : When you realize that your current WMS cannot support new processes effectively or at all. You are Facing New Omnichannel Fulfillment Requirements : The boom of ecommerce and direct to consumer demands require new strategies and cutting-edge WMS capabilities.

Modeling Software 221

Modeling Software Logistics Network Optimization Software Cost Reduction Vendor Strategies 221

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.

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Cost Reduction Expense Reduction Supply Chain Planning Software Efficiency 96