This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
To address these issues, companies are adopting innovative strategies, including dynamic route optimization, real-time tracking, and even leveraging emerging technologies like drones and blockchain. Key Benefits of Last-Mile Delivery Optimization: Reduction in operational costs and fuel consumption. Avoiding Delivery Density Issues 3.
Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. About Paul Noble As Founder and Chief Strategy Officer of Verusen, Paul Noble oversees the company’s vision and strategic direction.
Despite these reductions, the industry faces complex economic, regulatory, and technological challenges that impact its scalability. Broadening access to smaller organizations will require continued reductions in cost and improvements in efficiency.
Andersen Not many years ago there was a CEO so exceedingly fond of finding the right strategy that he spent all of his money on consultants to tell him what the strategy should be. One day there came two consultants and they said they could craft the most magnificent strategy imagianable. ” But he did not say so.
For global manufacturers, managing direct and indirect material spend can get very complicated very quickly. Multiple legacy systems prevent procurement from standardizing processes and tracking what they’re spending with each supplier.
Businesses are recognising the need to become good corporate citizens, as well as prepare for regulatory schemes that may require them to reduce carbon emissions. How to Reduce Carbon Emissions in Your Supply Chain 1. Transportation Networks and Modal Shifts A good transportation strategy is one of the best ways to reduce emissions.
Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. When developing a sourcing strategy, the focus can be effectiveness (gaining desired results) or on efficiency (reducing cost, labor, and resources used). About Ron Crabtree.
Many companies hold on to sales and marketing materials well past the time that they are useful. Eliminating these obsolete materials can result in significant cost savings.
Immigration policy proposals suggest stricter controls, which could reduce the available labor pool in industries such as physical security, commercial cleaning, pest control and landscaping. Note: this change affects individual taxpayers rather than providing employer cost savings.
The result was a year-over-year savings of more than 3%. This case study — How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal by Partnering with GEP — details how GEP’s strategic insights helped the company increase its resilience and optimize direct materials spend to drive year-over-year savings.
The logistics and supply chain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Reducing dependency on fossil fuels can mitigate these risks and improve operational predictability.
Green logistics refers to environmentally friendly logistics processes that aim to reduce CO2 emissions and promote sustainability in the areas of transportation, warehousing, inventory management, packaging and waste recycling. Reverse Logistics: Handles end-of-life products to ensure recycling and environmental benefits.
Ilya worked at Cummins, where he helped develop global supply chain strategies for their raw material commodities, including sheet metal fabrication, raw metal, trailers and containers. PAXAFE contextualizes active and passive visibility data, quantifies risk and predicts OTIF adverse events.
For instance, Summit Materials uses the Samsara Connected Operations Cloud across its 4,000-vehicle fleet, centralizing data on fuel usage, emissions, and diagnostics to improve fuel efficiency and advance sustainability goals. This approach to route optimization minimizes delays and helps maintain exacting standards of service reliability.
From new pricing strategies and material substitutability to alternative suppliers and stockpiling, a new GEP-commissioned Economist Impact report reveals that enterprises are adopting a variety of approaches underpinned by data and technology.
In a pointed response to the government’s newly published industrial strategy, trade association Logistics UK has criticised the glaring omission of logistics from the list of eight sectors identified as growth drivers for the UK economy. billion annually to the UK’s GDP by 2030. Read Similar… Freight Crimes Could Drain £6.1
Image source: Pexels | 7 Cost-Saving Tips Every Supply Chain Manager Should Know Managing costs effectively is crucial for success in the competitive supply chain world. With logistics, labor, and inventory costs on the rise, finding targeted ways to reduce expenses can have a significant impact on your bottom line.
Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. As a result, the company had to lay off workers and reevaluate its entire strategy – even as tariffs are paused – due to a lack of supply chain flexibility.
Current materials handling and intralogistics equipment is amazingly reliable. But by implementing data driven maintenance strategies these cost, performance, and environmental impacts can be greatly reduced. This may appear to reduce unnecessary downtime and cost, but is a high-risk strategy.
Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. Supply Chain Knowledge and Risk Mitigation: Suppliers have a direct impact on direct spend with raw material and transportation costs as two big drivers of operating margins.
For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supply chain strategies is essential. Reducing carbon emissions is a cornerstone of this effort. Meanwhile, advances in AI-driven route optimization reduce unnecessary mileage, cutting emissions and costs.
Buying Better and Reducing Risk with Scott Evans. Scott Evans and Joe Lynch discuss buying better and reducing risk. Waybridge makes a tech platform that unlocks opportunities to make the raw materials supply chain more efficient, more resilient, and more sustainable. Learn More About Buying Better and Reducing Risk.
Over his 30+ year career in the supply chain, Richard has worked with manufacturers around the world in operations, supply chain, and lean strategy roles to develop systems that can manage complex supply chains on a global scale. Richard previously founded and led Factory Logic, Inc. acquired by SAP).
Recycling and composting count as positive carbon equivalents, and reduce your overall carbon footprint. Keep in mind that your customers don’t expect you to become carbon-neutral overnight, but they do want to see that you’re making an effort to reduce your impact on the environment. Let’s say your business sells jeans.
Raw materials are extracted, transformed into products, used, and eventually discarded. A circular economy , where materials are reused, repurposed, or recycled to create a more sustainable supply chain that minimizes waste and maximizes value. This model helps reduce e-waste while increasing product longevity. The solution?
According to industry research, businesses that optimize their shipping strategy can reduce costs by up to 30%. Here are some actionable tips to help you save money on freight shipping. Ship Smarter by Consolidating Your Shipments One of the easiest ways to reduce costs is to consolidate shipments whenever possible.
He ran marketing for a large 3PL before launching his own marketing agency, Logistics Marketing Advisors, which focuses exclusively on providing marketing strategy and services to logistics businesses. LMA’s approach recognizes that logistics services today are BOUGHT, not sold.
Balancing Cost-Efficiency with Ethical Sourcing and Compliance Cost-efficiency remains a primary driver for supply chain strategies, but it must be balanced with ethical sourcing practices. Environmental Impact: Reducing emissions, conserving resources, and adhering to environmental regulations.
By placing photovoltaic (PV) panels on the roofs of buildings, warehouses can capture sunlight and convert it into electricity, reducing energy costs and carbon emissions. The integration of robotics within warehouse operations has led to significant improvements in productivity, accuracy, and cost savings. According to JLL, the U.S.
5 Ways to Achieve Efficient Warehouse Design: Improve Layout Efficiency & Save Costs! Selecting the right material handling equipment is crucial for efficient operations in this area. This is just one example, but the golden rule is, reduce the amount of times that any inventory item is touched, between receiving and dispatching.
Automated material handling (AMH) is transforming logistics, warehousing, and manufacturing. Businesses are replacing manual processes with automated material handling systems to improve efficiency, reduce costs, and enhance accuracy. What Is an Automated Material Handling System?
Chip Humitz is the Marketing and Strategy Director at LUDWIG+, a full-service marketing consultancy. Chip has worked in marketing and brand strategy for over 25 years. Update marketing materials, websites, and social media to reflect the new brand. About Chip Humitz. Get the internal team aligned to the vision. Chip Humitz.
Plus, prepaid services reduce billing and collection costs while providing crucial working capital for early-season expenses. Start by analyzing your current customer communication strategy. Showcase your brand with custom-designed professional marketing materials. Start Using Effective Print Marketing Today!
He ran marketing for a large 3PL before launching his own marketing agency, Logistics Marketing Advisors, which focuses exclusively on providing marketing strategy and services to logistics businesses. LMA’s approach recognizes that logistics services today are BOUGHT, not sold.
Infor’s CEO, Kevin Samuelson Infor’s strategy for differentiating their business from competitors like SAP and Oracle rests on a truly differentiated approach to ensuring that their customers get ongoing value from the business applications they purchase. Infor, with anticipated revenues of $3.4 We just want them solved.”
Reduces Implementation Times Enterprises and supply chain software providers strive to reduce application implementation times. With a data gateway you can automate data operations, reducing the need for manual intervention and improving overall efficiency.
Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises. Let’s look at five proven strategies that can help you create a more resilient supply chain.
In 2017, a strategy consultant was hired to do a top-to-bottom assessment of the Boston University procurement program. This automation speeds the process and reduces costs associated with tedious, manual labor. The automation makes it feasible for BU to get early payment discounts on a significant amount of their spending.
Understanding truckload freight rates can significantly impact your shipping budget and logistics strategy. Industry Activity: Manufacturing shipments are up year-over-year, while construction materials shipping has declined slightly, creating varying pressure across equipment types. per mile nationwide, with refrigerated at $3.12
Trey is the Co-founder and CEO at Amplio , an Atlanta based tech firm that predicts and prevents material and parts shortage for companies in the electronic manufacturing space. Trey Closson and Joe Lynch discuss the Amplio story. About Trey Closson. Key Takeaways: The Amplio Story.
Data can also be used to generate reports and insights that can help distributors improve their business regarding everything from pricing and product selection to marketing and sales strategies. It will ensure inventory is kept up to date, reduces errors in counting and location, and automates processes such as put-away and picking.
Softeon’s advanced services-based platform is engineered to reduce complex problems into simple solutions for a faster time to value and lower cost of ownership. Increasing need for material handling integration. Users can implement solutions incrementally to solve a specific challenge or deploy an integrated solution.
Since 2011 carriers, 3PLs, shippers, and logistics technology vendors have looked to CarrierDirect to deliver the efficiency, strategy, go-to-market plans, and technology that will elevate their business above their competition. Raw material shortages and cost increases. CarrierDirect clients include Werner, J.B. Port congestion.
This increases transportation costs and reduces profitability. Non-operating reefer services are typically offered to customers at a reduced rate, offering a cost-effective solution, while also generating additional revenue for the shipping carriers. Logistics costs are also a result of the empty container placement problem.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content