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 327

Conference Supply Chain Software Supply Chain Design Software Negotiating Skills 327

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 325

Logistics Network Optimization Software eCommerce Purchasing Skills Procurement Analytics 325

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 103

Negotiating Skills Purchasing Skills Cost Reduction Analysis 103

Logistics Bureau

NOVEMBER 28, 2024

Supply chain costs often represent a considerable percentage of the sales price of a good or service. Cost savings flow directly to the bottom line. If net profit on sales is 5%, for example, a reduction in supply chain costs from 9% to 4% (or from 12% to 7%) will double net profits. And What Should it Cost You?

Cost Reduction 79

Cost Reduction Inventory Reduction Material Savings Expense Reduction 79

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

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

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 129

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 129

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 104

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 104

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 107

Sourcing Strategies Purchasing Skills Sourcing Strategy 107

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 123

Manufacturing Procurement Procurement Analytics Inventory Reduction Material Savings 123

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 142

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 142

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 368

Supply Chain Software Logistics Network Optimization Software Procurement Solutions eCommerce 368

Logistics Viewpoints

DECEMBER 2, 2021

There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance.

Waste Reduction 198

Waste Reduction Cost Reduction Inventory Reduction Resource Reduction 198

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

Logistics Viewpoints

DECEMBER 6, 2022

The continued growth in e-commerce retail sales has been largely driven by factors such as convenience, product selection and lower prices. However, the inability for consumers to initially see, feel or experience products they purchase online can create gaps between product expectations and what arrives at the doorstep. In the U.S,

Purchasing Skills 145

Purchasing Skills Reverse logistics Price Reduction Cost Reduction 145

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

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. How will total landed costs be impacted by adding a new supplier? How do we best handle surging transportation costs?

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 170

Logistics Viewpoints

DECEMBER 18, 2024

Reliance on fossil fuels creates additional challenges: Economic Vulnerability: Volatile oil prices and geopolitical conflicts increase financial risks. Businesses face heightened uncertainty in managing costs and securing stable energy supplies. Transparent sourcing practices build trust among consumers and investors.

Supply Chain Design Software 84

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Software 84

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 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

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

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 135

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 135

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 118

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 118

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

Logistics Viewpoints

FEBRUARY 11, 2021

Over the years, cost and efficiency ruled the supply chain agenda. At the same time, the Chief Purchasing Officer (CPO) has taken on a pivotal role by securing Personal Protective Equipment (PPE) to protect the workforce and direct materials when primary sources fail.

Manufacturing Procurement 144

Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies Procurement Solutions 144

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 Viewpoints

MAY 10, 2022

with one of the highest costs of living. This solution significantly reduced shipping costs by eliminating wasted cardboard and dunnage. Survey your users to avoid unseen pitfalls and make sure you’re actually purchasing a solution that provides a good user experience. As a result, the math was not in our favor.

Vendor Strategies 120

Vendor Strategies Waste Reduction Cost Reduction Optimization Software 120

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

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 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 Viewpoints

AUGUST 1, 2024

According to Bloomberg , the coffee supply chain is struggling with constrained supply and increase in prices is inevitable. They design their supply chain on a continuous basis and focus on ecommerce retailing strategies that segment their customer base according to buying behavior.

Supply Chain Design Software 163

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Scenario Planning 163

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

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

Manufacturing Procurement 147

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 147

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 128

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 128

AIMMS

NOVEMBER 2, 2020

S&OP helps you effectively achieve your company strategy. In such cases, it’s hard to align the team around a common source of truth. To make matters more complex, different departments also used their own method for estimating product costs. They had no centralized purchasing process. We all know S&OP can help.

Supply Chain Planning Software 127

Supply Chain Planning Software Purchasing Skills Cost Reduction Optimal Sourcing 127

Logistics Bureau

MAY 30, 2022

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. Aligning strategy, service, and financial factors in your supply chain operation is essential to support your company’s overall business strategy , mission, and objectives. The Importance of Alignment.

Inventory Reduction 117

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 117