Logistics Business Magazine

MAY 19, 2023

Long-awaited price deflation is now happening, says international procurement and supply chain management consultancy INVERTO, part of Boston Consulting Group. Those businesses that are unable to cut prices in line with the rest of the market could lose out significantly. They need to get back to doing that and quickly.”

Negotiating Skills 51

Negotiating Skills Negotiate Pricing Cost Reduction Supply Chain Software 51

WorkWave

MAY 30, 2024

Supplier Relationship Management (SRM) is a critical component for field service organizations looking to optimize their operations and ensure the highest level of quality and efficiency in their supply chain. What is Supplier Relationship Management (SRM)?

Negotiate Pricing 52

Negotiate Pricing Vendor Strategies Negotiating Skills Material Savings 52

Logistics Business Magazine

MAY 22, 2023

Long-awaited price deflation in the UK is now happening, says international procurement and supply chain management consultancy Inverto, part of Boston Consulting Group. Says Agarwal: “The coming months are going to see significant price competition as costs come down, especially in certain commodities. in February to 10.1%

Negotiate Pricing 48

Negotiate Pricing Negotiating Skills Buyer Training Price Reduction 48

CLX Logistics

SEPTEMBER 9, 2022

To meet these demands, shippers need the right supply chain management tools with the flexibility to grow and scale as needed. The right supply chain management tools help not only to enable shippers to provide better customer service and on-time deliveries but also to remain competitive with everyone else in the market.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimization Software 52

GlobalTranz

MAY 6, 2015

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. Any and all members of the lean supply chain should use these tools to solve problems and reduce costs to increase value to the customer.

Supply Chain Planning Software 127

Supply Chain Planning Software Waste Reduction Inventory Reduction Supply Chain Software 127

GlobalTranz

FEBRUARY 17, 2016

The Supplier gives you standard parts and puts them in your warehouse. Communication between you and the Supplier are critical in managing a VMI system. You can also place a blanket order with a supplier and manage releases versus taking in larger quantities to save costs. Use “shadow boards” for tools.

Inventory Reduction 65

Inventory Reduction Cost Reduction Waste Reduction Vendor Strategies 65

EazyStock

MARCH 14, 2023

The distributors who gained a significant strategic advantage over their competitors had a laser focus on profitability during the downturn, a strong emphasis on margin management through disciplined pricing and category management, careful control of costs, and finally, the willingness to invest in priority growth opportunities.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

GlobalTranz

AUGUST 18, 2016

Modern distribution technology has significantly changed how suppliers get their products to end-users, and consumers are driving changes in how Distributors use technology to better their business processes. Value-Added Services and TMS Capabilities Are Critical Points in Contract Negotiation.

Supply Chain Planning Software 60

Supply Chain Planning Software Optimization Software Supply Chain Software Logistics Network Optimization Software 60

3PL Links

JUNE 19, 2024

Utilize inventory management tools to estimate demand and monitor levels. Choosing strategic suppliers Collaborate with trusted suppliers who can fulfill regular delivery schedules. This could also entail negotiating reasonable prices with these businesses. Delays and supply problems are reduced as a result.

Expense Reduction 48

Expense Reduction Inventory Reduction Optimal Sourcing Sourcing Strategies 48

Logistics Bureau

JANUARY 1, 2018

Supplier unreliability. Tools in the AI Toolbox. We can put AI tools into three categories. Tools to make smart decisions. Tools to make smart decisions. This AI tool is based on data and rules. Tools to act like humans. Tools to think like humans. The following are examples.

Supply Chain Planning Software 63

Supply Chain Planning Software Supply Chain Software Supply Chains Modeling Software 63

Logistics Bureau

JANUARY 1, 2025

Acknowledgement: In purchasing, acknowledgement is the term used to describe a suppliers confirmation that the buyers purchase order has been received, and hence, that the order is accepted. Suppliers and retailers share information with one another to enable continuous updating of inventory and replenishment requirements.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 76

Conger

MARCH 28, 2024

Controlling Costs Cost-controlling mechanisms provide businesses with required tools and insights to manage and reduce costs. Fleet managers can make data-driven decisions by implementing expense monitoring tools and software solutions, which enable them to track and analyze expenditures in real-time.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

Conger

DECEMBER 13, 2022

Ditch Unreliable Suppliers. Choose Domestic Suppliers. Consolidate Suppliers. Ditch Unreliable Suppliers. Three key problems are associated with unreliable suppliers: Quoting incorrect lead times. Ditch unreliable suppliers and find new, more reliable ones. Choose Domestic Suppliers. Let's dive in!

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 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. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Logistics Bureau

MAY 8, 2023

In addition, TMS operators can often negotiate the best possible freight rates. You must evaluate the option in detail to know if it presents more pros than cons or vice versa. Without these checks and balances, companies tend to flit from carrier to carrier or use whichever one or two appear most convenient or economical.

Negotiating Skills 52

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 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. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

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. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Radius Logistics

JULY 17, 2024

Introduction to Just-In-Time Inventory Just-In-Time (JIT) inventory management is a strategy that aligns raw material orders from suppliers directly with production schedules. Supplier Integration: Close collaboration with suppliers ensures timely delivery of materials, reducing the need for large stockpiles.

Material Savings 26

Material Savings Inventory Reduction Cost Reduction Waste Reduction 26

Logistics Bureau

MAY 24, 2019

per chip were bearable for units selling for $100, but the price of the new chip was a fraction of that, at about $20. At the point when optimisation planning began, sourcing and inbound logistics were managed by teams in various countries, each with different levels of SCM maturity, and using different tools and systems.

Cost Reduction 77

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 77

Automotive Logistics

MAY 30, 2018

Better communication is needed in the automotive supply chain, including between OEMs, suppliers, logistics providers and IT experts providing digital supply chain services. Rene Diest, global chief information officer (CIO) at interiors supplier Faurecia, agreed that in a data-driven economy it was all about “the fast beating the slow”.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 48

Logistics Bureau

JULY 12, 2017

Otherwise, it’s important to take cues from your customers’ demeanour and note that an increase in complaints might indicate that previously acceptable standards (and the carriers responsible for meeting them) are in need of an upgrade. Read and Heed the Signs that Freight Review is Due. Are Your Carriers Keeping Up?

Negotiating Skills 49

Negotiating Skills Freight Optimal Sourcing Logistics Network Optimization Software 49

The Logistics Academy

FEBRUARY 13, 2017

We have different tools to incorporate these trends in our program. We also provide frameworks for effective interactions with others in courses such as purchasing, negotiation, professional selling, and team-based assignments. We invite industry leaders as guest speakers in our classes and student club meetings.

Supply Chain Design Software 40

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

Automotive Logistics

JANUARY 18, 2019

To achieve this, many North American OEMs have up to now insisted on their own forms of labelling, leaving tier suppliers with no choice but to manage a wide variety of labelling systems. RFID prices have come down as the technologies have vastly improved.”. AutoSphere to the rescue.

Supply Chain Design Software 28

Supply Chain Design Software Optimization Software Supply Chain Software Logistics Network Optimization Software 28

Stord

AUGUST 26, 2024

US Port Labor Negotiations: Union contracts for East and Gulf Coast longshore workers expire September 30th and negotiations have been stalled since mid-June. Contract rates continue their slow and steady decline MoM; a reflection of the high level of competition among competitors pricing RFPs. for Dry Van and $2.39

Negotiating Skills 78

Negotiating Skills Price Reduction Inventory Reduction Freight 78