EazyStock

NOVEMBER 19, 2020

A key responsibility of every stock replenishment team is to negotiate the best price for the items they reorder, so that the sell-on price can be as profitable as possible. But when looking at the bigger picture the ‘best-price’ is not always the most cost-effective way to procure a product.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98

SYSPRO Smarter ERP

JANUARY 12, 2022

They have a contract with a supplier who delivers on time, and who charges acceptable prices. Purchasing is not integrated with how materials are consumed in production, neither does it have insight into how lots and batches are stored and used, so there is minimal information about inventory and possible obsolescence.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 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 90

Negotiating Skills Purchasing Skills Cost Reduction Analysis 90

Logistics Bureau

OCTOBER 26, 2024

Supply chain consulting is an advisory service that helps organisations optimise their flow of goods, services, and information, starting with raw material suppliers through to end consumers. If developing an effective supply chain strategy was easy, a lot more than 35% of companies would have one. The problems don’t end there.

Supply Chain Planning Software 118

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

Logistics at MPEPS at UPV

MARCH 31, 2019

In the phase before the products reach the store, IKEA distribution service makes sure all goods are transported from suppliers to stores. A manager in this area drives the cooperation between the sales and logistics departments, knowing how to exploit every cubic meter of space. Sustainable Relationships with Suppliers.

Price Reduction 40

Price Reduction Cost Reduction Material Savings Negotiate Pricing 40

Ship Monk

JULY 7, 2022

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. This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

Conger

DECEMBER 13, 2022

Because in this post, you’ll find 11 effective strategies for doing just that. Ditch Unreliable Suppliers. Choose Domestic Suppliers. Consolidate Suppliers. Ditch Unreliable Suppliers. Three key problems are associated with unreliable suppliers: Quoting incorrect lead times. Choose Domestic Suppliers.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

Ship Monk

DECEMBER 5, 2022

Could there be hidden costs you’re not accounting for in your pricing strategy? Stick with us and you’ll learn how to calculate landed cost — and how this number affects your profitability. That’s why understanding landed cost is key to a successful pricing strategy and making better business decisions.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

WorkWave

AUGUST 31, 2021

However, there are strategies to lower these shipping costs. Raising product prices; Enforcing a minimum threshold for sales that qualify for free shipping; Creating a subscription-based system to offset shipping fees; Only offering free shipping on special occasions. Consider: . This may be done by: .

Optimization Software 52

Optimization Software Procurement Solutions Logistics Network Optimization Software Negotiating Skills 52

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. How to use AI to optimize stock levels Within the larger context of supply chain optimization, AI proves to be a versatile tool in the quest for optimal stock levels.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

GlobalTranz

DECEMBER 2, 2014

Editor’s Note: This is our second post in a two part series about how to get your logistics and transportation practices in order in time for holiday shipping or peak season crunches. The first post covered how you can get the DC or warehouse ready for the holidays or peak seasons. . Truckload Holiday Shipping.

Cost Reduction 86

Cost Reduction Price Reduction Vendor Strategies Resource Reduction 86

WorkWave

FEBRUARY 16, 2024

It’s crucial to understand why profit margins matter and how to calculate them right down to the last cent, so we’ve created this pest control business profit margin calculation guide. 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

SEPTEMBER 21, 2021

This impacts your business with inconsistent rates, uncertainty of available equipment, fulfillment strategy, and more importantly the customer experience. Our economy relies on the transportation of goods and materials to connect suppliers with manufacturers, manufacturers with retailers, and retailers with consumers. Inventory .

Material Savings 62

Material Savings Capacity Optimal Sourcing Inventory Reduction 62

GlobalTranz

DECEMBER 9, 2015

Editor's Note: This is our second post in a two part series about how to get your logistics and transportation practices in order in time for holiday shipping or peak season crunches. The first post covered how you can get the DC or warehouse ready for the holidays or peak seasons. . Truckload Holiday Shipping.

Cost Reduction 48

Cost Reduction Price Reduction Vendor Strategies Resource Reduction 48

Ship Monk

AUGUST 28, 2023

In most cases, your business model will spring naturally from your product(s), the type of customer you’re targeting, and your pricing strategy. Suppliers of products such as car parts, office equipment, and raw materials are examples of B2B businesses. The remainder goes to the supplier or manufacturer.

Modeling Software 52

Modeling Software eCommerce Modeling Manufacturing Procurement 52

Kanban Logistics

JULY 23, 2020

Often, third party logistics providers (3PLs) are key operating partners behind these manufacturing logistics solutions, providing the warehouses, trucks, systems and know-how to make this just-in-time (JIT) process happen. pricing and negotiation, ordering and replenishment, inventory management) is not.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Negotiating Skills Procurement Solutions 52

Conger

MARCH 28, 2024

Benefits of Fleet Management Operational Efficiency Businesses can implement numerous strategies to streamline workflows to enhance operational efficiency in fleet management. 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

247 Customs Broker

MARCH 26, 2018

Our rates are going up and the carriers are completely unwilling to negotiate with us—where did we go wrong?”. First, the typical procurement-driven sourcing event views transportation as a commodity and thus, is oriented toward getting the lowest price. In this market, your carriers know that they don’t have to “negotiate” with you.

Optimal Sourcing 28

Optimal Sourcing Sourcing Strategies Negotiating Skills Negotiate Pricing 28

247 Customs Broker

NOVEMBER 29, 2018

Strategic sourcing involves developing supply channels at the lowest total cost, as opposed to the lowest purchase price. However, there wasn’t necessarily a focus on other costs, and they often neglected longer-term, collaborative relationships with suppliers. LSS, at a granular level, takes advantage of Kaizen strategies.

Optimal Sourcing 28

Optimal Sourcing Purchasing Skills Sourcing Strategies Waste Reduction 28

Ship Monk

JANUARY 20, 2023

A manufacturer purchases steel from a supplier and turns it into tiny gears to make watches. To the supplier, the steel is merchandise inventory (a.k.a. By forcing customers to buy a certain number of product(s) with each order, a supplier can achieve profitability through economies of scale. finished goods).

eCommerce 52

eCommerce Inventory Reduction Material Savings Manufacturing Procurement 52

GlobalTranz

FEBRUARY 12, 2018

An effective supply chain manager knows what data to choose and how to measure it. A great manager knows how to lead and impose influence. They will have to negotiate for resources, budgets, and schedules. What factors drive the demand, supply, and pricing for the products your organization develops? Flexibility.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Negotiating Skills Supply Chains 70

GlobalTranz

JANUARY 6, 2015

It’s a lot of work to effectively manage freight and that is evident as readers gobbled up posts around freight claims, freight shipment processing by understanding the documentation and how to class your freight so you can get a freight rate. Readers also wanted to know and make sure they were working with reputable freight brokers.

Blog 88

Blog Freight Negotiating Skills Negotiate Pricing 88

The Logistics Academy

FEBRUARY 13, 2017

Another trend is learning how to deal with the avalanche of data that supply chain managers have at their fingertips. Peter Lukszys, University of Wisconsin-Madison (UW-Madison): In terms of different logistics applications, we see a lot of interest in humanitarian aid logistics and the impact of logistics strategies on climate change.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 40

Material Handling and Logistics

OCTOBER 26, 2018

Sellers have a difficult time deciding which SKUs to locate where, and how to dynamically manage them in a changing marketplace where demand is uncertain. SCOTT: Obviously tariffs, if implemented for the long-term, will impact global supply chain strategies—sourcing, nearshoring versus offshoring, etc. Dimensional Weight Pricing.

Supply Chain Design Software 89

Supply Chain Design Software Supply Chain Software Inventory Reduction Supply Chain Planning Software 89