WorkWave

JANUARY 21, 2025

Restricting visa programs like the H-2B visa , which many seasonal businesses depend on, could exacerbate existing labor shortages, resulting in increased labor costs (higher wages), project delays and operational challenges. Note: this change affects individual taxpayers rather than providing employer cost savings.

Cost Reduction 110

Cost Reduction Price Reduction Expense Reduction Material Savings 110

Logistics Viewpoints

OCTOBER 17, 2024

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.

Supply Chain Planning Software 114

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 114

The Logistics of Logistics

SEPTEMBER 22, 2023

For seven years, Amit was the chief architect of Verizon’s IoT verticals’ strategy which included telematics, transportation, and smart city segments. Later in his tenure at Verizon, he joined the executive leadership team at Verizon Connect as the head of strategy, business development, market intelligence and big data.

Price Reduction 418

Price Reduction Sourcing Strategies Purchasing Skills Logistics Network Optimization Software 418

3PL Links

NOVEMBER 12, 2024

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.

Cost Reduction 62

Cost Reduction Material Savings Supply Chain Software Supply Chain Planning Software 62

The Logistics of Logistics

FEBRUARY 18, 2022

As CEO & co-founder of Parade, Anthony leads product vision and strategy to enable logistics service providers to work smarter and faster with modern tools. Parade integrates with existing tools to source capacity, match freight, and manage relationships. Build or Buy: Should you purchase your software or build your own.

Logistics Network Optimization Software 74

Logistics Network Optimization Software Purchasing Skills Procurement Solutions Sourcing Strategies 74

SYSPRO Smarter ERP

NOVEMBER 18, 2024

For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. There are several business processes that an ERP must have to support automotive distribution.

ERP 98

ERP Optimal Sourcing Purchasing Skills Manufacturing Procurement 98

The Logistics of Logistics

MARCH 10, 2023

3PLex was then purchased by Maersk. Cambridge Capital leverages BGSA’s unique approach to strategy-led investment banking for the supply chain. Over 300 of the top CEOs in the logistics and supply chain space attended this year’s conference to discuss technology, strategy and deals. The Greenscreens.ai

Conference 370

Conference Supply Chain Software Supply Chain Design Software Negotiating Skills 370

Blue Grace Logistics

NOVEMBER 1, 2024

As more consumers and businesses move to online platforms for purchases, the shipping industry must adapt to new demands. LTL carriers handle multiple shipments from various vendors on a single route, helping save time and reduce costs by maximizing truck space.

Price Reduction 118

Price Reduction Vendor Strategies Supply Chain Planning Software Cost Reduction 118

SIPMM Professional Publications

OCTOBER 1, 2020

Postponement and speculation strategies of products during a timely and cost-effective manner by the standard production and logistics structures. The post Postponement Strategies for Effective Warehousing appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management.

Material Savings 158

Material Savings Cost Reduction Warehousing Strategy 158

The Logistics of Logistics

JULY 29, 2022

Aaron is the President of Loop , a post-purchase platform that enables brands to transform returns into exchanges. With 10+ years in modern Commerce, Aaron’s focus tends to be on all things go to market, fundraising, strategy, and helping founders navigate emotionally through the early stages of company building. About Aaron Schwartz.

Logistics Network Optimization Software 370

Logistics Network Optimization Software eCommerce Purchasing Skills Procurement Analytics 370

Conger

MARCH 26, 2025

Electric forklift rentals provide a practical and cost-effective solution for businesses seeking flexible equipment solutions without the substantial investment of ownership. In case you are just here for the pricing? If you need a forklift for daily, long-term use, buying is often more cost-effective over time.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Price Reduction Negotiate Pricing 52

3PL Links

JANUARY 8, 2025

Image source: iStocks | The Ultimate Guide to Fleet Management: Strategies to Control and Optimize Your Processes Investing in a fleet management system results in an improvement in internal processes, which directly reflects the quality of the service provided to the end customer.

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

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

3PL Links

OCTOBER 15, 2024

Image source: Pexels | Logistics Challenges and How to Overcome Them Let’s break down the most common logistics problems and how you can resolve them to improve your operations. From delays to cost increases, logistics teams encounter a range of obstacles that can hinder efficiency and affect the entire supply chain.

Inventory Reduction 62

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

Logistics Viewpoints

NOVEMBER 19, 2024

Given the many aspects of retail operations outside a business’ control—from supply chain disruptions and labor shortages to inflation and interest rates impacting both operational costs and customer behavior—the fulfillment challenge this peak holiday season is acute.

Cost Reduction 84

Cost Reduction Resource Reduction Price Reduction Vendor Strategies 84

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 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

Ship Monk

JULY 18, 2024

Today we’re going to look at some of the consumer trends that might affect your preparations for peak season 2024, and strategies to maximize them. Reduce shipping and inventory costs to gain pricing flexibility. Cutting costs puts your brand in a better position to compete in the marketplace. What Can Operations Do?

Inventory Reduction 111

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 111

Overdrive Online

FEBRUARY 8, 2023

In Part 2 of this parts-purchase series, find more unique approaches as owners have adapted to new realities. Need a DEF quality sensor and you can't find it? How's a DEF tank somebody decided to "delete" sound for a quick and inexpensive solution?

Sourcing Strategies 111

Sourcing Strategies Purchasing Skills Sourcing Strategy 111

Logistics Bureau

OCTOBER 11, 2024

The Changing Role of Procurement Highly successful organisations often see their Chief Procurement Officers (CPOs) proactively driving global procurement strategy, sharing responsibilities with COOs and CFOs on value creation initiatives, and deploying global resources to achieve the ultimate supply chain targets.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 98

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

Logistics Bureau

DECEMBER 24, 2024

Warehousing and distribution management is nota core skill. Related to the core skill issue, often organisations that have a strategic focus other than in transport or warehousing, cannot attain the desired performance levelsand key performance indicators (KPIs) required by their customers. But what about cost of service?

Outsourcing 52

Outsourcing Warehousing Negotiating Skills Purchasing Skills 52

Logistics Bureau

DECEMBER 6, 2024

Business logistics is a crucial component of operational strategy and efficiency in the supply chain, involving comprehensive processes to manage the movement of goods from sourcing materials to delivering products. Its core purpose is ensuring products reach customers at the right time and place.

Manufacturing Procurement 75

Manufacturing Procurement Logistics Network Optimization Software Supply Chain Planning Software Sourcing Strategies 75

The Logistics of Logistics

MAY 12, 2021

Private label is becoming an important strategy for retailers. Competitive pricing and good quality. Over 30% of ecommerce purchases are returned, which is an enormous cost and logistics problem. So, what is Costco? A retailer or a producer? The rise of private label within retail. Circular aspect of fulfillment.

Supply Chain Software 370

Supply Chain Software Logistics Network Optimization Software Procurement Solutions eCommerce 370

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 104

Manufacturing Procurement Procurement Analytics Inventory Reduction Material Savings 104

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 105

eCommerce Cost Reduction Purchasing Skills Waste Reduction 105

Ship Monk

APRIL 23, 2024

Image Source: EcoMatcher How to Calculate Your Carbon Footprint If you’re serious about sustainability, you should start by calculating your carbon footprint. Measuring your output will enable you to develop strategies toward reducing your output, and show your customers the progress you’re making. reduce shipping costs.

Waste Reduction 104

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction 104

Material Handling and Logistics

SEPTEMBER 27, 2018

Kuebix offers 6 tips to fine-tune transportation strategies for the holidays: 1. Shippers can leverage their negotiated rates from their existing carrier relationships, and compare the full depth of market pricing across the spot bidding marketplace to find the best rates for the best service or to find extra capacity to meet excess demand.

Supply Chain Software 161

Supply Chain Software Optimization Software Purchasing Skills Negotiating Skills 161

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 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. This approach results in inefficiencies, higher costs, and missed opportunities. These costs fall within the “Cost of Goods Sold” components of the company’s financial statement.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 98

ShipLilly

JUNE 28, 2021

The rate of return for products, otherwise known as reverse logistics, can be mitigated when suppliers work to improve the speed, cost, and efficiency of shipping goods. Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

CH Robinson Logistics

JULY 13, 2022

Our academic research continues to show that contracted freight in a hierarchical route guide provides great service and price. The short answer is “yes,” as long as you have a segmented freight portfolio strategy for both the contract market and the spot market. Segment your freight portfolio.

Price Reduction 90

Price Reduction Cost Reduction Strategy Purchasing Skills 90

Stord

JULY 1, 2024

A brand’s goal is to maximize order value and repeat purchase rate, while minimizing variable product and shipping costs, optimizing ad costs, and keeping overhead costs low. But these increases, called the General Rate Increases (GRIs) are not a true reflection of the realized cost.

Expense Reduction 78

Expense Reduction Cost Reduction Price Reduction Inventory Reduction 78

The Logistics of Logistics

MAY 6, 2022

3PLex was then purchased by Maersk. Cambridge Capital leverages BGSA’s unique approach to strategy-led investment banking for the supply chain. Last mile accounts for 41% of the cost of business-to-consumer shipping. Prior to 3PLex, Benjamin advised transportation and logistics clients at Mercer Management Consulting.

Trends 369

Trends Logistics Network Optimization Software Supply Chain Software Reverse logistics 369

Logistics Bureau

MAY 31, 2021

If yours is one of those businesses shifting from traditional to online retail, you’ve probably faced some of the logistical challenges arising from the need to deliver your customers’ purchases to them. Perhaps you haven’t had much opportunity, amid the turmoil, to consider the cost to serve your online customers.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

SYSPRO Smarter ERP

JANUARY 12, 2022

With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges. They have a contract with a supplier who delivers on time, and who charges acceptable prices.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

Logistics Bureau

AUGUST 2, 2021

Competitiveness of Pricing. The price you pay your vendors for their products is a significant factor in your company’s ability to compete in its market. However, your company probably procures a wide range of indirect supplies, and this is where pricing can impact your competitive advantage. Emergency Purchase Rate.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Ship Monk

JULY 7, 2022

It may sound tempting to force your customers into purchasing in larger quantities, but is it the best way to grow your business? This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online. Minimum Order Quantity vs. Pricing Strategy.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98