Blue Grace Logistics

MARCH 26, 2024

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.

Negotiating Skills 117

Negotiating Skills Cost Reduction Waste Reduction Inventory Reduction 117

FreightWaves SONAR

FEBRUARY 4, 2021

Knowing the following key tactics and using the proper tools will help sustain long-term savings. Track truckload freight accessorial costs As reported by Inbound Logistics , “Carriers price accessorials, such as liftgate or non-commercial delivery, at a premium. Review transportation pricing and contracts regularly.

Optimization Software 98

Optimization Software Negotiate Pricing Negotiating Skills Optimization Modeling 98

Material Handling and Logistics

SEPTEMBER 27, 2018

Shippers need to keep operations flowing and use tools to handle the upsurge while keeping customers satisfied.”. Carriers can house shipment information letting suppliers and customers know where their goods are and when to expect them to arrive at the next destination. Give customers visibility to their orders.

Supply Chain Software 161

Supply Chain Software Optimization Software Purchasing Skills Negotiating Skills 161

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. But I often see companies that have more cutting tools, for example, than they need. If a specification changes or new tools come online, this excess inventory may end up in the trash. Too Little.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

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 88

SAP Optimal Sourcing Negotiate Pricing Negotiating Skills 88

GlobalTranz

SEPTEMBER 12, 2016

The answer is closely linked with how a company markets and contacts suppliers and vendors, reports Srikanth Pinagali. Ultimately, these raw materials must be obtained from suppliers and transported to the factory. Ultimately, the terms and conditions are laid out during contract negotiation.

Manufacturing Procurement 101

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 101

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 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

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

Transporeon

JANUARY 25, 2018

The challenge For many years, Amway had used a generic sourcing tool that only facilitated communications with the company’s carriers rather than providing access to a supplier database and a collaborative environment to conduct sourcing events. It is a good feeling to know that you have control over the negotiation process.”

Negotiating Skills 48

Negotiating Skills Manufacturing Procurement Cost Reduction Supply Chain Planning Software 48

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

SYSPRO Smarter ERP

NOVEMBER 30, 2021

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.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

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

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 59

SAP Optimal Sourcing Negotiate Pricing Negotiating Skills 59

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. Watch freight classifications.

Supply Chain Planning Software 127

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

Ship Monk

FEBRUARY 20, 2025

Carrier Consolidation: The dominance of UPS and FedEx creates a duopoly, giving them significant pricing power. Shifts in the Market: Pitney Bowes: In 2024, Pitney Bowes made headlines with aggressive pricing strategies. This trend is expected to continue, making it essential to find ways to mitigate these costs.

Negotiating Skills 52

Negotiating Skills Cost Reduction Inventory Reduction Negotiate Pricing 52

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 69

Negotiating Skills Cost Reduction Inventory Reduction Negotiate Pricing 69

Logistics Bureau

JANUARY 13, 2025

Think of it like choosing the right tool for the right job: Road Transport (Trucking): This is your most flexible option. Pricing Structure: Remember those simple shipping options you see when shopping online? They are the ones who wont mind waiting a few days to receive their purchases, as long as the price is right.

Purchasing Skills 40

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 40

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 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

Transporeon

MARCH 22, 2018

Depending on the mode of transport and the type of product being shipped, the offer matrix can contain individual price components and different quantity structures and units, along with additional information that can make comparisons difficult.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48

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

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. Visuals help.

Inventory Reduction 65

Inventory Reduction Cost Reduction Waste Reduction Vendor Strategies 65

EazyStock

MAY 28, 2019

EazyStock is one of the automation tools I see provide high value to my customers. Today, Amex Auto Spares’ local procurement staff spend considerably more time negotiating best pricing with suppliers rather than trying to figure out what to buy! What kinds of tasks have you helped your clients automate? When to buy.

Automation 49

Automation Negotiating Skills Modeling Software Procurement Solutions 49

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

Ship Monk

DECEMBER 5, 2022

Could there be hidden costs you’re not accounting for in your pricing strategy? If your ecommerce business imports and/or exports products, landed costs affect the price you pay for imported goods, as well as the costs to ship those goods to your domestic or international customers. List price: $95. List price: $95.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

Kanban Logistics

JULY 23, 2020

pricing and negotiation, ordering and replenishment, inventory management) is not. With VMI, the supplier of the materials retains ownership of the inventory until it is delivered to you. But today’s visibility tools allow a real-time view of inventory, whether on site, in the 3PL warehouse or in-transit.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Negotiating Skills Procurement Solutions 52

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

Locus

DECEMBER 7, 2021

Oil price fluctuations. Fluctuations in oil prices and oil supply disruptions are majorly caused by political events, supply pipeline issues or weather problems. Oil price and logistics operating cost follows a linear pattern, and if we double our fuel prices, operating cost would increase by about a factor of 1.8.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

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

EazyStock

MAY 28, 2019

EazyStock is one of the automation tools I see provide high value to my customers. Today, Amex Auto Spares’ local procurement staff spend considerably more time negotiating the best pricing with suppliers rather than trying to figure out what to buy! What kinds of tasks have you helped your clients to automate?

Automation 40

Automation Negotiating Skills Modeling Software Procurement Solutions 40

WorkWave

AUGUST 31, 2021

Comparing pricing from all carriers; Negotiating when possible; Bulk shipping; Consolidating supplier shipping on your account; Packing items in boxes with the smallest dimensions possible; Using carrier-provided packaging; Pre-paying online; Asking about association discounts; Factoring shipping fees into product pricing.

Optimization Software 52

Optimization Software Procurement Solutions Logistics Network Optimization Software Negotiating Skills 52

WorkWave

FEBRUARY 16, 2024

As a pest control business owner, you’ll also get tips on managing costs effectively while maintaining service standards, plus smart pricing strategies to keep your bottom line healthy. 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

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

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

Log-hub

NOVEMBER 22, 2023

Understanding Warehouse Optimization and ABCD Analysis Warehouse optimization is a meticulous process that involves streamlining inventory management, layout planning, and operational procedures to ensure seamless goods flow from suppliers to customers, while simultaneously reducing waste and costs.

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