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 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 52

Cost Reduction Procurement Analytics Optimal Sourcing Procurement 52

GlobalTranz

OCTOBER 2, 2018

As e-commerce continues to expand, shippers must adapt to the changing needs of consumers and accommodate returns rates of up to 400-percent than that of traditional, brick-and-mortar purchases. This is due to the higher rate of returns associated with e-commerce purchases. What Are the Challenges in Managing E-Commerce Logistics?

Tips 79

Tips Material Savings Vendor Strategies Cost Reduction 79

GlobalTranz

OCTOBER 11, 2018

The importance of an omnichannel supply chain strategy cannot be overstated. Up to 62 percent want to purchase online and have the option of returning it in-store, and 47 percent want promotions and coupons available through their smartphone. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service?

Inventory Reduction 74

Inventory Reduction Price Reduction Cost Reduction Supply Chains 74

SYSPRO Smarter ERP

NOVEMBER 17, 2021

With a solid business strategy, and a strong foundation of knowledge, you can determine the best course of action for your manufacturing business and take advantage of an ERP system to streamline business processes and maximize profitability. Previously, purchasing an ERP required a large capital spend. SaaS (Software as a Service).

ERP 105

ERP Modeling Software Tips Procurement Solutions 105

Logistics Bureau

FEBRUARY 4, 2020

Procurement Tips: Know the business strategy ; understanding what the business wants to do and how the business wants to do it. . Understanding what the business’ objectives are around the capital, Understanding the cost of capital. Understand who and establish who has the authority to do what within the business.

Procurement 75

Procurement Tips Resource Reduction Cost Reduction 75

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

Blue Grace Logistics

AUGUST 3, 2021

Companies have the right to receive the best service and the best price from their suppliers, and the relationship between shippers and suppliers is a key component to a successful partnership. Here are five tips to build, maintain, and improve a healthy and productive relationship with your suppliers. Select Your Supplier Carefully.

Maintainability 118

Maintainability Price Reduction Purchasing Skills Resource Reduction 118

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

3PL Insights

OCTOBER 16, 2017

What are the best SEO strategies for ecommerce companies? Nothing is more frustrating than wanting to make a purchase and learning the item is not available. ” This customer knows exactly what is going on and it reaffirms their decision to purchase this item because other people want it as well.

Waste Reduction 58

Waste Reduction Expense Reduction Cost Reduction eCommerce 58

Ship Monk

APRIL 4, 2023

9 Tips for Minimizing the Risk of Lost Packages An ounce of prevention is worth a pound of… not losing your packages? Here are nine strategies for nipping the negative impact of lost packages in the bud. #1 Think of MonkProtect as your post-purchase BFF. We’ll figure that one out later. Do they need second-by-second updates?

Packaging 98

Packaging Tips eCommerce Inventory Reduction 98

GlobalTranz

SEPTEMBER 12, 2018

To achieve lasting success, shippers need to understand how e-commerce shipping strategies are quintessential steps in this process. An Effective E-Commerce Shipping Strategy Mitigates Losses From the “Retail Apocalypse.” This is the making of an effective e-commerce shipping strategy. GET YOUR COPY HERE. Download White Paper.

Cost Reduction 73

Cost Reduction Resource Reduction Price Reduction Strategy 73

Logistics Bureau

JULY 21, 2017

At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supply chain and business strategy along with eight other important levers for supply chain performance improvement. The Failing Kmart Business Strategy. The first Kmart store opened way back in 1962.

Cost Reduction 68

Cost Reduction Inventory Reduction Price Reduction Vendor Strategies 68

ECW

JANUARY 8, 2025

Actionable Tip: Use Baltimore as a regional distribution hub for high-turnover goods. A centralized location can reduce last-mile delivery times and associated costs. Actionable Tip: Plan shipments of oversized or high-volume goods through Baltimore to take advantage of its specialized capabilities.

Supply Chains 130

Supply Chains Cost Reduction Scenario Planning Tips 130

Logistics Bureau

JUNE 5, 2023

If your company operates a distribution fleet, you’ll know that the costs of running trucks for customer deliveries are continually increasing. In this post, we’re sharing our top tips for cost reduction in each of these three areas, so let’s get to it, beginning with truck expenditure. It’s a fair question.

Cost Reduction 91

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 91

Ship Monk

SEPTEMBER 18, 2023

They need to be able to find it when they’re doing research or actually thinking about buying it, and they need to be convinced that it’s worth the money (including the shipping costs, tax, import duties, etc.). Well, maybe it’s nothing more than getting your great product at a low price. Retention: driving repeat purchases.

eCommerce 64

eCommerce Tips Optimal Sourcing Price Reduction 64

GlobalTranz

AUGUST 21, 2017

Editor's Note: As a transportation management solutions company, Cerasis aids manufacturing companies in streamlining logistics & transportation in order to gain efficiency and reduce costs. However, many industries are still unaware of the power of using an appropriate email marketing strategy. Avoid SPAM at all costs.

Manufacturing Procurement 61

Manufacturing Procurement Tips Optimization Software Expense Reduction 61

3PL Links

FEBRUARY 6, 2023

Supply Chain Optimization Tips | Image Source: Flickr A company’s supply chain is made up of players at various levels and diverse logistical components, each of which plays a crucial role. Supply Chain Optimization Tips | Image Source: Lokad 3. They enable the automation and optimization of many workspaces.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Optimization Software 62

ShipLilly

OCTOBER 26, 2020

The problem with that strategy is that you are essentially keeping your cash flow in stock that isn’t moving. Too much inventory costs cash flow and space, so it must be avoided if possible. The fifth strategy that you should employ involves being proactive about dealing with shrinkage. Dealing with Shrinkage. Wrapping Up.

Inventory Reduction 96

Inventory Reduction Inventory Tips Supply Chain Planning Software 96

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. 4 Tips for stock-keeping companies during an economic downturn 1.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

WorkWave

MAY 24, 2024

Sources cite the resiliency of essential services , predictive recurring revenue and business model growth opportunities enabled by technology, training and development as being reasons behind the interest. WorkWave: How important is trust and transparency during the due diligence and negotiations processes?

Negotiating Skills 98

Negotiating Skills Buyer Training Purchasing Skills Modeling Software 98

GlobalTranz

JUNE 10, 2015

A few months ago we wrote a tongue in cheek post about 5 Upfront Tips you can do to save on less than truckload shipping (a capitalization of Less than truckload). In reality, departments ranging from receiving to purchasing play an important role in ensuring that freight claims are paid and properly processed.

Purchasing Skills 100

Purchasing Skills Price Reduction Logistics Network Optimization Software Inbound 100

3PL Links

DECEMBER 2, 2022

Everything You Need to Know About Inbound Logistics | Source: Picpedia. Strategies for efficient inbound logistics that you can use in your business. Here are the aspects that characterize supply logistics: Pick vendors who provide better supply conditions, better raw material quality, and more affordable costs.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Ship Monk

OCTOBER 8, 2024

With peak season and its accompanying shipping surcharges just around the corner, you may be wondering how to gain more control over your shipping costs and get the most out of your shipping budget. Controlling shipping costs is easier said than done. With large shipping volume: You can negotiate discounts on shipping.

Negotiating Skills 69

Negotiating Skills Cost Reduction Inventory Reduction Negotiate Pricing 69

GoShip Blog

FEBRUARY 7, 2023

Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. Why a Solid Marketing Strategy is Important A marketing strategy refers to a business’s action plan for achieving its short and long-term goals and developing a sustainable competitive advantage.

Waste Reduction 52

Waste Reduction Price Reduction Resource Reduction Expense Reduction 52

GoShip Blog

NOVEMBER 1, 2022

Or are you struggling to come up with an effective strategy? These tested and proven tips below will come in handy as you prepare for Black Friday and Cyber Monday. Develop Pricing Strategies to Attract Shoppers. Here’s the thing, there’s no one-size-fits-all when it comes to pricing strategies for businesses.

Price Reduction 52

Price Reduction Waste Reduction Cost Reduction Tips 52

GlobalTranz

JULY 31, 2015

This report, available for purchase here , poised some significant implications for the shipping, and by direct correlation, the logistics industry. Part of the significant freight increases derive from associated transportation costs through increased use of pipelines, which will increase 10.6 Freight Transportation Forecast to 2026.

Freight 124

Freight Procurement Analytics Purchasing Skills Cost Reduction 124

3PL Links

MAY 14, 2024

Image source: Stockvault | Logistics in E-Commerce: 5 Logistics Tips for E-Commerce Companies The success of online goods commerce in recent years has contributed to the sector’s consolidation as a great place to do business. Read also: 6 Unheard Tips to Optimize Reverse Logistics in Your Business 3.

Tips 48

Tips Logistics Network Optimization Software Optimal Sourcing Sourcing Strategies 48

GlobalTranz

SEPTEMBER 14, 2018

As 2018 progresses, Warehouse Managers need to understand the risk of not going omnichannel, why demand is increasing, and a few tips to meet such demands. Although pricing plays a big part, it also depends on the ability to offer unique services. percent of retail chains offer in-store returns of merchandise purchased online.

Price Reduction 48

Price Reduction Cost Reduction Inventory Reduction Supply Chain Software 48

3PL Insights

OCTOBER 16, 2017

What are the best SEO strategies for e-commerce companies? Nothing is more frustrating than wanting to make a purchase and learning the item is not available. ” This customer knows exactly what is going on and it reaffirms their decision to purchase this item because other people want it as well.

Waste Reduction 40

Waste Reduction Expense Reduction Cost Reduction Tips 40

WorkWave

FEBRUARY 18, 2021

show ] Reduce, Reuse, and Recycle Reduce Reuse Recycle Energy Conservation Energy Sources Lighting HVAC Appliances Water Conservation Water Usage Water Sources Tips for Household Maintenance Cleaning Upgrades Tips for Yard Maintenance Lawn Care Landscaping Additional Resources for Green Living. Time To Read: 7 minutes.

Waste Reduction 59

Waste Reduction Resource Reduction Tips Material Savings 59

WorkWave

MARCH 4, 2020

Every business owner will have specific knowledge, skills, or experience that will be advantageous in building and managing a business. Below is a list of 15 tips to keep in mind when starting a business. Building this system can take time, but there are a multitude of sources to get started. Time To Read: 5 minutes.

Tips 52

Tips Purchasing Skills Sourcing Strategies How To 52

3PL Links

APRIL 5, 2024

Image source: Shipbob | Top 10 Practical Supply Chain Management Tips for Businesses Effective supply chain management becomes an increasingly important sector full of strategic opportunities and difficulties in an increasingly dynamic and complicated network. It goes beyond simply being an operational strategy.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Sourcing Strategies 48

Logistics Viewpoints

APRIL 26, 2024

This means the company won’t need to purchase additional aircraft, but will bring additional pilots on board to handle the volume boost, according to Tomé. million, a fraction of the billions the cleanup and bridge rebuild is expected to cost. Maybe we will see cocaine turbines or solar panels. And now on to this week’s logistics news.

Logistics Network Optimization Software 121

Logistics Network Optimization Software Material Savings Supply Chain Planning Software Cost Reduction 121

Logistics Viewpoints

JULY 12, 2024

Meanwhile, Walmart has aggressively expanded its marketplace of third-party sellers, following a strategy that has enabled Amazon to offer a mind-boggling range of products on its website. Lidl also shared that it had identified 11 critical raw materials and committed to setting responsible sourcing targets for each group of items.

Material Savings 124

Material Savings Waste Reduction Resource Reduction Logistics Network Optimization Software 124

Bringg

APRIL 18, 2021

According to an IBM Research Insights report, 57% of consumers are willing to change their eCommerce purchasing habits to help reduce their environmental impact. Yet when the right technology and supply chain strategies are implemented, these solutions can actually reduce cost to deliver and boost brand image at the same time.

Green logistics 62

Green logistics Cost Reduction Waste Reduction Tips 62

GlobalTranz

NOVEMBER 21, 2017

Obstacles to fully utilizing analytics included inaccurate data , cost, and lack of timely data. for example, used predictive analytics to make changes in their inventory processes and have since seen an increase in their production and purchase orders. Here are 5 tips to help kick-start your analytics implementation: 1.

Supply Chain Software 69

Supply Chain Software Procurement Analytics Supply Chains Data 69