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 51

Negotiate Pricing Negotiating Skills Buyer Training Price Reduction 51

Blue Grace Logistics

MARCH 26, 2024

This enables businesses to leverage economies of scale, negotiate favorable freight rates, and access value-added services like warehousing, transportation, and order fulfillment. A knowledgeable 3PL brings industry expertise, specialized infrastructure, and established networks.

Negotiating Skills 94

Negotiating Skills Cost Reduction Waste Reduction Inventory Reduction 94

The Logistics of Logistics

NOVEMBER 3, 2023

Curtis’ career has taken him through LTL operations – both driver and dock, Weights and Research, pricing, yield management, strategy, sales, and technology. began its family business as a negotiation consultancy in response to the deregulation of the transportation industry. The Greenscreens.ai

Negotiate Pricing 354

Negotiate Pricing Negotiating Skills Price Reduction Modeling Software 354

The Logistics of Logistics

SEPTEMBER 12, 2020

His primary research stream examines firms’ logistics operations, with an emphasis on studying motor carrier safety, productivity, pricing dynamics, and driver turnover. Supplier development. Supplier selection. Supplier relationships. Negotiations. The Three Main Supply Chain Functions. Scorecards.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chains 195

Logistics Viewpoints

OCTOBER 21, 2024

Luke’s began to build new supplier relationships. “We We built strategic supplier partnerships.” In this model, “the supply chain goes out and negotiates a contract on spine implants and says to doctors, ‘You’re now going to use Medtronic.’ Why should physicians care about a deeper relationship with a supplier?

Supply Chain Design Software 129

Supply Chain Design Software Manufacturing Procurement Supply Chain Design Negotiating Skills 129

Logistics Viewpoints

JANUARY 11, 2021

NTT DATA has been steadily moving more and more of their suppliers’ contracts onto the Ariba Network. Some suppliers have four or five-year contracts, so this work is ongoing. The big spend categories that are the focus for negotiations are contingent/professional labor and IT Hardware/Software & Cloud/Data Center services.

SAP 115

SAP Optimal Sourcing Negotiate Pricing Negotiating Skills 115

Ship Monk

OCTOBER 8, 2024

With large shipping volume: You can negotiate discounts on shipping. Without large shipping volume: You don’t have much leverage when it comes to negotiating discounts. 2) Prioritize Flexibility You may think that negotiating with a single carrier from a single location will give you the best rate, but don’t sell your business short.

Negotiating Skills 67

Negotiating Skills Cost Reduction Inventory Reduction Negotiate Pricing 67

Material Handling and Logistics

JULY 23, 2018

asked some suppliers to return a portion of its payments to them in an attempt by the electric-car maker to turn a profit, the Wall Street Journal reported, citing a memo sent to a supplier last week. The note stated all suppliers had been asked to help the Californian company become profitable. Money Back. in Tokyo. “If

Negotiate Pricing 68

Negotiate Pricing Negotiating Skills Manufacturing Procurement Cost Reduction 68

Logistics Bureau

FEBRUARY 15, 2021

Once you have done that, you move into getting prices on the vehicles. It’s looking at what’s available on the market, the different suppliers, what their products are like, whether it matches your needs—it is not actually buying the product. But it’s not only the price. Supplier Relationship Manager. Procurement Analyst.

Manufacturing Procurement 118

Manufacturing Procurement Procurement Analytics Purchasing Skills Procurement 118

FreightWaves SONAR

JUNE 13, 2024

surged from April to June, suggesting that carriers have more leverage in upcoming rate negotiations than previously believed. Taken together, the data suggests that carriers do not have as much power in pricing negotiations as the rising spot rates indicate. China) or a somewhat higher-cost country (e.g.,

Negotiate Pricing 64

Negotiate Pricing Negotiating Skills Manufacturing Procurement Supply Chain Design 64

MTS Logistics

OCTOBER 9, 2023

In a nutshell, the main advantages of supply chain risk diversification are minimizing potential supply chain-related disruptions, having more negotiating power, improved resilience, and access to new markets. By diversifying suppliers across different regions, companies can reduce the impact of localized disruptions.

Negotiate Pricing 89

Negotiate Pricing Negotiating Skills Supply Chain Software Supply Chains 89

Logistics Bureau

SEPTEMBER 3, 2024

It’s about assessing the costs your suppliers incur when delivering to your business, which can significantly impact your strategy, pricing, and overall efficiency. By understanding these costs, you can make informed decisions that enhance supplier relationships and optimize your operations. Watch the video below!

Negotiating Skills 100

Negotiating Skills Cost Reduction Negotiate Pricing Price Reduction 100

FreightWaves SONAR

FEBRUARY 4, 2021

Track truckload freight accessorial costs As reported by Inbound Logistics , “Carriers price accessorials, such as liftgate or non-commercial delivery, at a premium. More importantly, the type of carrier, whether asset-based or a lite carrier, may impact the risk of accessorials and overall pricing as well.

Optimization Software 98

Optimization Software Negotiate Pricing Negotiating Skills Optimization Modeling 98

Logistics Viewpoints

JANUARY 11, 2021

NTT DATA has been steadily moving more and more of their suppliers’ contracts onto the Ariba Network. Some suppliers have four or five-year contracts, so this work is ongoing. The big spend categories that are the focus for negotiations are contingent/professional labor and IT Hardware/Software & Cloud/Data Center services.

SAP 85

SAP Optimal Sourcing Negotiate Pricing Negotiating Skills 85

GlobalTranz

NOVEMBER 28, 2016

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". Naturally, a supplier relations conflict exists. Contract Negotiation Enhancing Supplier Relations.

Manufacturing Procurement 85

Manufacturing Procurement Negotiate Pricing Optimal Sourcing Procurement 85

Logistics Bureau

DECEMBER 9, 2020

For instance, the Chief Procurement Officer will lead the sourcing process, develop the procurement strategy, identify potential suppliers, and manage short and long terms goals. Then we get the Project Procurement Manager, who is responsible for communicating with suppliers concerning the purchase of commodities, equipment, and services.

Manufacturing Procurement 118

Manufacturing Procurement Procurement Analytics Procurement Purchasing Skills 118

MTS Logistics

NOVEMBER 12, 2024

Inflation and Increased Costs Simple economics is very clear, and it is very hard to have a different perspective on this: higher tariffs on imported goods will result in higher prices which will be passed onto American consumers, potentially fueling inflation. consumers paying an additional $46 billion to $78 billion annually.

Supply Chains 79

Supply Chains Negotiating Skills Negotiate Pricing Manufacturing Procurement 79

3PL Links

OCTOBER 15, 2024

Communication Breakdowns Across the Supply Chain The Issue: Poor communication between suppliers, logistics teams, and customers can result in misaligned expectations, missed shipments, or order errors. These issues can slow down the entire supply chain and create confusion. Logistics success is all about preparation and flexibility.

Inventory Reduction 62

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

GlobalTranz

AUGUST 17, 2015

While the opportunities are numerous so are the challenges; in this fiercely competitive global marketplace success requires companies to pay closer attention to supplier relations. Global leaders should retain suppliers with vested interest in the long-term success of the company.

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction 98

ShipLilly

MAY 12, 2022

In this case, the BoL is not negotiable. The transportation and delivery are pre-negotiated without any room for amendments. The holder of the bill can claim possession; hence, it is negotiable. Negotiable bill of lading. This is a negotiable BoL that is made out to someone. It then becomes a receipt upon delivery.

Document 98

Document Negotiating Skills Negotiate Pricing Buyer Training 98

SYSPRO Smarter ERP

JANUARY 12, 2022

They have a contract with a supplier who delivers on time, and who charges acceptable prices. A single supplier focus means that there is a high risk if the supplier closes its doors. The procurement process doesn’t start with raising a purchase order and sending it to a supplier. The procurement process.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

Logistics Viewpoints

MARCH 3, 2021

Many shippers are tough negotiators who work diligently to drive down carrier rates. ARC’s research shows that a shipper that uses either a transportation management system (TMS) internally or works with an external managed trans supplier with robust technology, will get strong freight savings. That is strategic.

Negotiating Skills 158

Negotiating Skills Logistics Network Optimization Software Global logistics Negotiate Pricing 158

Freightera

AUGUST 13, 2024

The Best Practices to Help You Choose the Best Freight Shipping Solution As a business shipper, you need a reliable and efficient solution that you could use to ship freight internally, to and from your business partners and suppliers, or to your customers. They can negotiate rates and find suitable carriers for your shipments.

Negotiating Skills 36

Negotiating Skills Negotiate Pricing Modeling Software How To 36

Logistics Bureau

OCTOBER 10, 2022

Suffice it to say that, generally, it’s wise to hold service as the non-negotiable element of inventory optimisation, thereby seeking to keep the right amount of stock to meet required service levels while minimising the inventory costs as much as possible. 3: Supplier Lead Time. How Does Lead Time Affect Inventory?

Inventory Reduction 115

Inventory Reduction Inventory Optimization Modeling Optimization Software 115

MTS Logistics

FEBRUARY 26, 2024

Well, a freight forwarder negotiates rates on your behalf, knowing the market. This allows more allocation as a booking agent, having prices that are more accessible, too. Customers, shippers, and suppliers trust that their cargo is secure and will be delivered on time.

Freight forwarding 96

Freight forwarding Negotiating Skills Freight Negotiate Pricing 96

MTS Logistics

NOVEMBER 26, 2021

Numerous details are manually recorded, such as the products needed, quantity of items, descriptions, pricing, payment details, delivery methods and dates. Total price. Negotiate contract and send PO. As a result, communication management with suppliers is vastly improved. Delivery date. Shipping method. Item quantity.

Purchasing Skills 86

Purchasing Skills Procurement Analytics Purchasing Negotiate Pricing 86

Logistics Viewpoints

FEBRUARY 17, 2023

hope to slash shipping costs and save millions of dollars when they sit down later this month to negotiate long-term contracts with ocean carriers following last year’s surge in rates. Some companies expect to cut ocean-freight rates by half or more, which in turn could allow retailers to slow or stop price increases for goods.

Supply Chain Planning Software 131

Supply Chain Planning Software Logistics Network Optimization Software Cost Reduction Waste Reduction 131

Material Handling and Logistics

AUGUST 10, 2018

Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. Purchasing from many different suppliers instead of saving through consolidation. You may have found the cheapest supplier for a single item, but are you getting the maximum savings on your entire spend?

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

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. If they sell their finished goods to retail partners or wholesalers, these buyers will expect a lower price in exchange for their higher order volume.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

MTS Logistics

MAY 27, 2022

Last year was marked with capacity issues and high prices, but today, freight prices have decreased, while capacity has increased. West Coast ports and dockworkers are negotiating a new labor contract. They also agreed demand spikes caused higher pricing. consumer demand despite increasing inflation. Let’s not forget U.S.

Global logistics 91

Global logistics Analysis Negotiate Pricing Negotiating Skills 91

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 at MPEPS at UPV

APRIL 8, 2019

This is why is such an important thing to find an evaluate several suppliers in order to have options and mixed costs that keep us as close to our ideal or theoretical production costs. As in every kind of negotiation, but specially any including logistic processes, we need to take into account: -Big Picture. The product must be built.

Manufacturing Procurement 40

Manufacturing Procurement Optimal Sourcing Procurement Solutions Negotiate Pricing 40

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

FreightWaves SONAR

JUNE 1, 2021

Maybe that’s not exactly true – there are also issues related to the semiconductor shortage, such as record used vehicle prices, consumers buying early in order to get their desired vehicles, and vows to ditch just-in-time inventory management. Plus, it allows shippers to see how their rates compare to the market.

White Paper 52

White Paper Negotiate Pricing Negotiating Skills Data 52

Blue Grace Logistics

NOVEMBER 6, 2018

During the spring of 2018, diesel prices increased in every region of the country with prices above $3 per gallon in many key logistics regions of the United States, and in August, diesel fuel costs 23 percent more compared to the previous year. Continuously rising fuel costs.

Negotiating Skills 48

Negotiating Skills Negotiate Pricing Purchasing Skills Digital 48

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

Material Handling and Logistics

JUNE 15, 2018

The people who command six-figure salaries to negotiate multimillion-dollar deals with major brands are being replaced by software that predicts what shoppers want and how much to charge for it. So Amazon recruited graduates from top schools and veterans from traditional retailers who already had relationships with suppliers.

Negotiate Pricing 99

Negotiate Pricing Negotiating Skills Supply Chain Software Supply Chain Planning Software 99