Logistics Bureau

OCTOBER 11, 2024

The time when Procurement was almost a synonym to Purchasing has long gone. It all depends on an organisation’s maturity in skill, infrastructure and culture. What skill sets are required for the next generation of procurement leaders? Instead, it should be an information exchange virtual platform.

Manufacturing Procurement 91

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 91

SIPMM Professional Publications

JULY 17, 2020

Strategic sourcing skills play an important role before any purchase are made in every industry. It includes analyzing high-volume purchases and developing long-term partnerships with a picked group of suppliers, which can provide quality products and services at low costs.

Purchasing Skills 97

Purchasing Skills Sourcing Industry Procurement 97

Fleet Owner

NOVEMBER 27, 2022

Small and mid-sized fleets don’t have the negotiating power of the larger fleets but that doesn’t mean they can’t find ways to reduce parts costs. Here are some tips on where to find savings.

Purchasing Skills 97

Purchasing Skills Negotiating Skills Cost Reduction Purchasing 97

Logistics Bureau

SEPTEMBER 4, 2023

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

Negotiating Skills 90

Negotiating Skills Purchasing Skills Cost Reduction Analysis 90

Logistics Business Magazine

OCTOBER 4, 2024

Surge pricing on shipping this Black Friday could dampen the profits of thousands of warehousing and logistics firms across the UK. New figures reveal that almost a third of firms in the supply chain sector (32%) saw their carrier costs jump in November last year compared to the previous month. per item.

Negotiating Skills 61

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Software 61

The Logistics of Logistics

JANUARY 13, 2023

The Amplio solutions ensure that you have the inventory you need, when you need it, at the most optimized price so that you can focus on what matters most to you and your business. Trey and the Amplio team believe that sourcing electronic components should be easy and predictable. Access diverse sources of supply.

Manufacturing Procurement 276

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 276

Supply Chain Brain

NOVEMBER 13, 2023

Crowd-sourced delivery can help. Customers’ expectations for delivery are always moving toward freer and faster, and for retailers, it can feel like the goalposts are constantly moving.

Purchasing Skills 90

Purchasing Skills Sourcing Purchasing 90

NGT News

FEBRUARY 19, 2024

This offer follows the entry into exclusive negotiations between the two parties, announced in December 2023. The fixed part of the proposed price for the sale […] The post Atawey Makes Offer to Purchase McPhy Energy’s Refueling Station Business appeared first on NGT News.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Purchasing Distribution 52

MTS Logistics

NOVEMBER 26, 2021

To all procurement and logistics specialists, how many of your daily emails pertain to purchase orders? Numerous details are manually recorded, such as the products needed, quantity of items, descriptions, pricing, payment details, delivery methods and dates. Many companies have not automated this fundamental Purchase Order operation.

Purchasing Skills 86

Purchasing Skills Procurement Analytics Purchasing Negotiate Pricing 86

FreightWaves SONAR

APRIL 16, 2024

Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. So let’s take a closer look at the top spot freight market data analytics sources that power SONAR. Electronic tender data The first and perhaps the most important data source is electronic tender data.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Data 52

Shipsta

APRIL 21, 2022

There are few industries where this is as true as the logistics industry, especially when it comes to the different ways in which freight rates are purchased. What is the difference between procurement, sourcing and tendering? Or Spot buying and contract buying?

Purchasing Skills 130

Purchasing Skills Procurement Sourcing Logistics 130

Supply Chain Brain

JULY 27, 2023

TradeBeyond’s quarterly Retail Sourcing Report provides a detailed overview of the current state of global retail sourcing to help supply chain leaders make more informed purchasing decisions.

Purchasing Skills 84

Purchasing Skills Sourcing Procurement Analytics Purchasing 84

SIPMM Professional Publications

OCTOBER 7, 2020

Negotiating contracts with suppliers play a huge part in the supply chain process. A successful negotiation can contribute to business success when an agreement is reached. During the process of contract negotiation, clauses have to be […]. During the process of contract negotiation, clauses have to be […].

Optimal Sourcing 88

Optimal Sourcing Purchasing Skills Procurement Purchasing 88

SIPMM Professional Publications

JANUARY 3, 2021

Negotiation is one of the decisive tools for buyers. Most businesses find it is complex to negotiate great corporate travel deals especially challenging getting great deals out of service providers such as airlines, hotel chains, local transportation companies, and telecom carriers.

Material Savings 88

Material Savings Buyer Training Purchasing Skills Strategy 88

The Logistics of Logistics

JULY 12, 2023

He is skilled in building and leading high-performing teams that thrive on inclusion, collaboration, and engagement. Corey is also proficient in product development and management, successful contract negotiations, continuous improvements, emerging technologies, and cultivating key relationships and partnerships.

Negotiating Skills 325

Negotiating Skills Inventory Reduction Purchasing Skills Supply Chain Design Software 325

WorkWave

OCTOBER 18, 2022

No matter your position, you’ve probably asked, “How much does a lawn mower cost?”. Lawn mower prices vary significantly due to the wide variety available. The cost depends on factors such as the: Type (walk-behind, riding, reel, robot) Power source Brand Accessories. How Much Does a Lawn Mower Cost: An Overview.

Purchasing Skills 52

Purchasing Skills Price Reduction Cost Reduction Expense Reduction 52

SIPMM Professional Publications

JANUARY 10, 2021

The post Crucial Factors for Sourcing Tropical Fruits appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Tropical fruits are very sensitive to the temperature of cold and frost. […].

Purchasing Skills 143

Purchasing Skills Sourcing Temperature Purchasing 143

Ship Monk

APRIL 17, 2024

Back in the early 2000s, when gas prices were climbing to never-before-seen heights, ecommerce was billed as eco-friendly when compared to millions of people driving around to multiple stores to do their shopping. Meanwhile, the environmental costs are piling up (literally) in carbon emissions, packaging waste, and unsalable merchandise.

eCommerce 104

eCommerce Cost Reduction Purchasing Skills Waste Reduction 104

Logistics Business Magazine

AUGUST 23, 2024

Global logistics company DSV has signed an agreement with Volvo Trucks to purchase 300 electric trucks, marking one of Volvo’s largest electric vehicle orders. Long-term Cost Efficiency : While electric trucks have higher upfront costs, they offer lower operating and maintenance expenses, providing long-term financial benefits.

Procurement Solutions 49

Procurement Solutions Purchasing Skills Purchasing Expense Reduction 49

WorkWave

OCTOBER 1, 2022

Cost estimates range on average from a meager 8 cents to 26 cents per square foot, making it affordable and a practical quick-growing solution. Several factors influence the hydroseeding prices on your property: land quality, location, and plot size. One of the reasons hydroseeding is cost-effective is the quick return.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Price Reduction Cost Reduction 52

Ship Monk

SEPTEMBER 13, 2024

As a third-party logistics (3PL) and fulfillment provider, we talk a lot about shipping discounts and cost savings for ecommerce businesses, but are these claims true? When you outsource to a 3PL, they build and maintain the infrastructure, and the costs are spread across hundreds or thousands of other ecommerce businesses just like yours.

Cost Reduction 57

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 57

SIPMM Professional Publications

APRIL 19, 2020

Purchasing is a highly complex hierarchical procedure with targets that reach a long way past the conventional conviction that purchasing essential job is to acquire products and ventures because of inward needs.

Purchasing Skills 113

Purchasing Skills Purchasing Sourcing Strategies Material Savings 113

Logistics Viewpoints

JUNE 29, 2023

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Direct spend can be a significant part of the Cost of Goods Sold for an organization.

Manufacturing Procurement 121

Manufacturing Procurement Procurement Analytics Inventory Reduction Material Savings 121

Ship Monk

APRIL 5, 2024

The last time they raised prices? So much attention is paid to negotiating the price of the goods and coordinating the delivery that very little thought goes into the quality of the relationship and how improving it might help you both. If I don’t like the price or the quality, I just go elsewhere!

Negotiate Pricing 104

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 104

NGT News

NOVEMBER 4, 2022

has resulted in the purchase of an additional 73 dynaCERT flagship HydraGEN Technology Units. Alectra has purchased a total of 88 units. “As As global diesel prices soar, dynaCERT is very pleased to serve the private and public sector in Canada and internationally, including utilities, communities and governments […].

Purchasing Skills 98

Purchasing Skills Purchasing Government 98

Supply Chain Brain

MAY 31, 2023

TradeBeyond’s quarterly Retail Sourcing Report provides a comprehensive examination of the current state of global retail sourcing to help supply chain leaders better understand macroeconomic trends and make more informed purchasing decisions.

Purchasing Skills 52

Purchasing Skills Sourcing Procurement Analytics Purchasing 52

SIPMM Professional Publications

APRIL 4, 2019

Nowadays, suppliers do not solely have an impact on reducing costs and improving products or services but are more involved in the product design and development process. Hence, selecting the right suppliers and composing the optimal supply base is one of the most challenging parts of strategic purchasing.

Optimal Sourcing 101

Optimal Sourcing Purchasing Skills Sourcing Production 101

SIPMM Professional Publications

OCTOBER 10, 2018

Global sourcing refers to seeking goods and services beyond one’s borders, i.e., from the global market. It is a procurement strategy in which companies try to find the most cost-efficient place globally for manufacturing goods. The post Techniques for an Effective Global Sourcing Strategy appeared first on SIPMM ACADEMY.

Sourcing Strategies 113

Sourcing Strategies Manufacturing Procurement Cost Reduction Purchasing Skills 113

United World Transporation

JUNE 25, 2020

According to industry experts, fuel purchases can account for approximately 25% of a trucking company’s operating expenses. So, any opportunities to increase fuel efficiency and save money are valued in the industry, and fuel purchase routing is a commonly used strategy by many long-haul truck drivers. What is fuel purchase routing?

Procurement Solutions 98

Procurement Solutions Purchasing Skills Procurement Analytics Purchasing 98

Ship Monk

DECEMBER 5, 2022

Could there be hidden costs you’re not accounting for in your pricing strategy? One of the most common mistakes direct-to-consumer (DTC) ecommerce brands make is failing to understand and track their true costs, a.k.a. landed costs. What is Landed Cost? Landed Cost vs. Cost of Goods Sold.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

SIPMM Professional Publications

OCTOBER 9, 2020

Such factors include sourcing and shrink reduction. The post Global Sourcing Considerations for Food Retail Distribution appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. When supervising the fresh food department, it requires close attention to some crucial considerations.

Purchasing Skills 103

Purchasing Skills Sourcing Distribution Material Savings 103

GoShip Blog

AUGUST 24, 2021

When the bulk of your business funds go to packaging and deliveries, it might be time to reconsider reducing shipping costs to improve your profit margin. Calculating the costs of shipping expenses can be overwhelming. Most major carriers overcharge customers for shipping insurance costs. Tip 5: Increase Product Prices.

Cost Reduction 98

Cost Reduction Negotiating Skills Material Savings Purchasing Skills 98

FreightWaves SONAR

DECEMBER 14, 2020

This week, learn how freight market participants are able to measure if freight pricing control lays in the hands of freight shippers or freight carriers. What is the DHL Supply Chain Pricing Power Index? The chart above has an 80 reading which indicates that the control of freight pricing lies in the carriers’ hands.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Price Reduction Freight 52

SIPMM Professional Publications

JULY 23, 2020

Businesses dependent on global sourcing are facing hard choices in during period of pandemic such as the current Covid-19 situations with the supply chain disruptions. The post Mitigating Global Sourcing Risks in a Pandemic appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management.

Purchasing Skills 97

Purchasing Skills Sourcing Scenario Planning Purchasing 97

FreightWaves SONAR

DECEMBER 9, 2020

Most freight brokers have to source their own freight broker leads. Here are six tips for sourcing freight broker leads that will minimize the time and resources required to source and research shipper leads. . 6 Tips to source freight broker leads. #1: One challenge comes from the term “shippers.” 3: Conference agendas.

Sourcing Strategies 105

Sourcing Strategies Purchasing Skills Sourcing Tips 105

FreightWaves SONAR

APRIL 2, 2021

Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. So let’s take a closer look at the top spot freight market data analytics sources that power SONAR. Electronic tender data The first and perhaps the most important data source is electronic tender data.

Purchasing Skills 98

Purchasing Skills Optimal Sourcing Sourcing Data 98

Logistics Viewpoints

OCTOBER 17, 2024

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. Focus on Long-Term, Strategic Partnerships Shift the focus from short-term cost savings to long-term value creation with suppliers.

Supply Chain Planning Software 141

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 141