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How to Get Your Indirect Spend Under Control

Material Handling and Logistics

Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. So how can you better control your indirect spend? But I often see companies that have more cutting tools, for example, than they need. Sometimes, this oversupply doesn’t really matter. Too Little.

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Controlling Supply Chain Cost for Sustainable Growth

Blue Grace Logistics

Furthermore, by using advanced analytics tools, companies can employ predictive modeling, enabling them to anticipate demand fluctuations and proactively adjust their strategies. This helps in reducing supply chain costs associated with stockouts and overstocking. Are You Profitable with Your Transportation Strategy?

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How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Reliance on too few primary suppliers for critical components and materials has compounded the problem even further with unexpected ripple effects on downstream manufacturing as evidenced by the still ongoing global computer chip shortages. Manufacturers know that good supplier relationships are critical. Managing Inventory.

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Top 6 Logistics Challenges and How to Overcome Them

3PL Links

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. But the good news is, there are proven solutions that can help overcome them.

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9 Steps to Establish the Lean Supply Chain: A System of Interconnected & Interdependent Partners

GlobalTranz

One reason may be that they haven’t made the paradigm shift as to how to implement lean. When you create your Sales, Inventory, Operations and Production Plan (SIOP) monthly, or more frequently, invite your top Suppliers and Customers to the SIOP meeting. Have your suppliers implement an occasional.

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6 Ways to Maximize Your Shipping Budget

Ship Monk

With peak season and its accompanying shipping surcharges just around the corner, you may be wondering how to gain more control over your shipping costs and get the most out of your shipping budget. With large shipping volume: You can negotiate discounts on shipping. You’ve come to the right place.

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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

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.