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

The Logistics of Logistics

JULY 12, 2023

He has a track record of driving significant growth, savings, and exceptional service through the development and execution of effective strategies. He is skilled in building and leading high-performing teams that thrive on inclusion, collaboration, and engagement.

Negotiating Skills 325

Negotiating Skills Inventory Reduction Purchasing Skills Supply Chain Design Software 325

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

Logistics Bureau

OCTOBER 12, 2024

Yes, we are living in a world of a severe market competition, shorter product life cycle, tougher customer demand, higher cost reduction pressure, longer supply chains, and heavier reliance on outsourcing. Through the years, how have we distorted the aim for strategic alliance and a cost transparency?

Cost Reduction 62

Cost Reduction Procurement Analytics Optimal Sourcing Procurement 62

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

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 103

Sourcing Strategies Purchasing Skills Sourcing Strategy 103

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 141

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

Logistics Business Magazine

OCTOBER 23, 2024

Fast and free shipping has become a cornerstone of success in e-commerce with 75% of consumers prioritizing it when making purchasing decisions. Offering this service presents significant challenges, however, from rising operational costs to balancing customer expectations with profitability.

Cost Reduction 58

Cost Reduction Price Reduction Expense Reduction Resource Reduction 58

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

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 126

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 126

The Logistics of Logistics

AUGUST 7, 2017

Have you ever been to place, maybe on a cruise or somewhere in China or the Middle East, where the marketplace is so crowded that you can’t decide what to purchase let alone from which stand? Developing 21st Century Sales Skills to Sell More 3PL Services. Developing 21st Century Sales Skills to Sell More 3PL Services.

Purchasing Skills 150

Purchasing Skills 3PL Webinar Strategy 150

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

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. This move is a significant step in DSV’s strategy to reduce emissions and align with industry trends toward greener transport solutions.

Procurement Solutions 49

Procurement Solutions Purchasing Skills Purchasing Expense Reduction 49

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 102

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction 102

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

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

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 397

Price Reduction Sourcing Strategies Purchasing Skills Logistics Network Optimization Software 397

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

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. month per user.

Procurement Solutions 98

Procurement Solutions Purchasing Skills Procurement Analytics Purchasing 98

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. Members of the Sourcing Team are charged with finding out who’s in the market, who can do the work, and at what price. 2) Finance Manager.

Manufacturing Procurement 118

Manufacturing Procurement Procurement Analytics Procurement Purchasing Skills 118

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

Ship Monk

SEPTEMBER 14, 2023

They’re researching before they purchase, and they’re purchasing wherever and whenever they see something they like. If you’re not employing a multichannel sales strategy, you’re clearly missing out. But what, exactly is a multichannel sales strategy, and is it worth the investment? What is a Multichannel Sales Strategy?

Inventory Reduction 62

Inventory Reduction Price Reduction Cost Reduction eCommerce 62

3PL Links

MAY 3, 2023

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

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

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

EazyStock

FEBRUARY 17, 2021

Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control. Inventory Replenishment Strategies to Boost Profitability. However, businesses are also acutely aware that holding inventory costs money. Smart inventory purchasing.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

Supply Chain Brain

SEPTEMBER 29, 2020

The ongoing tariff negotiations have made life and business operations extremely difficult for countless manufacturers and distributors across the U.S. These steps aren’t one-time actionable steps but rather long-term focuses that should be implemented alongside other operational and business strategies.

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategy White Paper 86

WorkWave

FEBRUARY 9, 2024

One effective strategy that’s been gaining traction is price bundling. Also known as packaged pricing, this strategy involves bundling various services together and charging one price. Bundled services are usually cheaper than if customers were to purchase each service individually.

Price Reduction 52

Price Reduction Purchasing Skills Tips Procurement Solutions 52

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 326

Conference Supply Chain Software Supply Chain Design Software Negotiating Skills 326

TransAudit

DECEMBER 14, 2022

Fuel for all sorts of vessels has jumped in price over the last year or two. When fuel prices rise, so do shipping prices. Learning more about fuel costs and shipping will give you a better understanding of what’s going on and equip you with some strategies to help. How Fuel Costs Raise Shipping Prices.

Cost Reduction 72

Cost Reduction Purchasing Skills Price Reduction Expense Reduction 72

EazyStock

AUGUST 21, 2020

However, holding too much can have a number of negative implications, such as high carrying costs , over-investment in stock and poor cash flow. What are the potential cost savings from inventory reduction? Instead, here are five strategic inventory reduction methods that are certain to drive cost savings.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. There are several advantages to keeping inventory costs down and lowering inventory value.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

SIPMM Professional Publications

FEBRUARY 16, 2020

It can cost a construction business millions of dollars and damage its reputation. Procurement fraud relates to purchasing goods, services or commissioning construction projects from third parties. The post Fraud Prevention Strategies for Construction Procurement appeared first on SIPMM INSTITUTE.

Cost Reduction 113

Cost Reduction Construction Procurement Strategy 113

3PL Links

MARCH 11, 2024

Top 6 Most Important Inventory Optimization Strategies | Image source: Shipdepot Decreased output, unanticipated expenses, and delivery delays are just a few of the issues that can occur from a lack of inventory management. Discover six strategies for inventory optimization if your firm has been dealing with similar issues.

Inventory Reduction 48

Inventory Reduction Optimal Sourcing Expense Reduction Cost Reduction 48

Logistics Viewpoints

JUNE 8, 2023

Technology for All In a retail era dominated by e-commerce giants, customer expectations have shifted towards instant product delivery at no cost. Previously, only large companies such as Amazon and FedEx possessed the network and scale required for cost-effective same-day and next-day shipping.

Modeling Software 132

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 132

Radius Logistics

JULY 17, 2024

One proven method to achieve this is by adopting a Just-In-Time (JIT) inventory strategy. When paired with our expertise and capabilities at Radius Logistics, this approach can lead to significant cost savings and operational efficiencies. This methodology minimizes inventory levels, reduces storage costs, and enhances cash flow.

Material Savings 26

Material Savings Inventory Reduction Cost Reduction Waste Reduction 26

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 104

Price Reduction Vendor Strategies Supply Chain Planning Software Cost Reduction 104