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

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

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

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. It should have robust tools for data analysis, reporting, tracking, forecasting and managing inventory.

Inventory Reduction 111

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 111

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

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 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

Material Handling and Logistics

SEPTEMBER 27, 2018

Shippers need to keep operations flowing and use tools to handle the upsurge while keeping customers satisfied.”. Kuebix offers 6 tips to fine-tune transportation strategies for the holidays: 1. The shorter the distance from where inventory resides to the end customer, the faster the delivery and the lower the cost.

Supply Chain Software 161

Supply Chain Software Optimization Software Purchasing Skills Negotiating Skills 161

Logistics Viewpoints

FEBRUARY 9, 2025

The average cost of a Warehouse Management System (WMS) install continues to rise each year, with implementations often reaching millions of dollars today. This is the best way to ensure you dont overbuy or underbuy a solution, avoiding unnecessary costs or missing critical functionality. Because complexity drives costs.

Supply Chain Design Software 62

Supply Chain Design Software Optimization Software Procurement Solutions Supply Chain Software 62

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

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

3PL Links

NOVEMBER 26, 2024

Image source: Pexels | Everything You Should Know About Automation in Fulfillment Logistics Introduction to Automation in Logistics Have you ever thought about how Amazon delivers packages quickly and efficiently? In short, automation in logistics is a major step forward for companies that want to be more efficient and reduce costs.

Supply Chain Software 62

Supply Chain Software Logistics Network Optimization Software Optimization Software Supply Chain Planning Software 62

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

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

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

GlobalTranz

SEPTEMBER 12, 2016

Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. Purchased parts and similar items. In other words, an entire section of the supply chain must be devoted to purchasing, shipping, organizing and storing these various components at the procurement warehouse.

Manufacturing Procurement 101

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 101

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Distribution of goods prior to purchase. Increasing order efficiency.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

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

JANUARY 3, 2025

Transportation options: Costs and lead times for each available transportation mode. Transportation costs: Freight rates, fuel and labour costs, and other transportation expenses. Competitor intelligence: Distribution strategies and network designs of your competitors. Inventory turnover: Inventory turns for each SKU.

Supply Chain Design Software 75

Supply Chain Design Software Supply Chain Design Distribution Networks 75

GlobalTranz

OCTOBER 3, 2018

E-commerce has transformed how consumers shop and purchase their favorite products, as well as try new products and services. In addition, poor web design or lag time could dramatically increase e-commerce logistics costs by leading to greater instances of cart abandonment or even lackluster customer support. Think about it.

Cost Reduction 81

Cost Reduction Purchasing Skills Price Reduction Resource Reduction 81

Logistics Viewpoints

MAY 10, 2022

with one of the highest costs of living. Companies must also offer a healthy workplace which listens to their workforce and offers modern tools that keep workers happy in addition to being productive. This solution significantly reduced shipping costs by eliminating wasted cardboard and dunnage. These are clear cut benefits.

Vendor Strategies 103

Vendor Strategies Waste Reduction Cost Reduction Optimization Software 103

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

EazyStock

DECEMBER 13, 2020

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. Maybe you need to diversify your supplier network to cover any supplier closures or increased logistical/delivery costs.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Logistics Bureau

NOVEMBER 14, 2018

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. How Much Does It “Cost to Serve” Your Customer? It costs you a certain amount to make a product. Sales organisation costs.

Purchasing Skills 93

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 93

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 109

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 109

GoShip Blog

JULY 1, 2021

By helping potential customers find, review, and purchase the right product with marketing strategies, dropshippers will mark up the price of products offered by third-party suppliers. Start honing your marketing skills, and you’ll start raking in customers. . Low overhead costs. Pros and Cons of Dropshipping.

Purchasing Skills 98

Purchasing Skills Inventory Reduction Price Reduction Sourcing Strategies 98

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Negotiating Skills 96

Negotiating Skills Logistics Network Optimization Software Purchasing Skills Supply Chain Planning Software 96

SYSPRO Smarter ERP

SEPTEMBER 1, 2022

It’s no secret that manufacturing companies around the world are rethinking their supply chain strategies. With shortages occurring in unexpected sectors and lockdown strategies impacting logistics, companies looked at reshoring to stabilize and strengthen their supply chains.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies Supply Chain Software 105

WorkWave

OCTOBER 17, 2024

better customer service, faster delivery times, or lower costs). This section should introduce your team and highlight their skills and experience. Marketing and Sales Strategy Once your business is up and running, how will you attract and retain customers? Competitive Analysis : Who are your competitors? Research is key here.

Cost Reduction 52

Cost Reduction Logistics Network Optimization Software Transportation Purchasing Skills 52

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

CLX Logistics

SEPTEMBER 9, 2022

To meet these demands, shippers need the right supply chain management tools with the flexibility to grow and scale as needed. The right supply chain management tools help not only to enable shippers to provide better customer service and on-time deliveries but also to remain competitive with everyone else in the market.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimization Software 52

Logistics Bureau

JANUARY 13, 2025

Think of it like choosing the right tool for the right job: Road Transport (Trucking): This is your most flexible option. It’s typically more cost-effective per unit and provides faster transit times since the truck goes directly to its destination. Let me walk you through the key pieces of this logistics puzzle.

Purchasing Skills 40

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 40

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 108

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 108

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 64

Inventory Reduction Price Reduction Cost Reduction eCommerce 64

SYSPRO Smarter ERP

MAY 30, 2022

As manufacturers strive to reduce costs while increasing speed, the process of procuring materials, making products, and moving them where they need to be is more complex than ever. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

SYSPRO Smarter ERP

MARCH 9, 2022

ERP tools share a common process and data model, covering broad and deep operational end-to-end processes, such as those found in finance, HR, distribution, manufacturing, service and the supply chain. This, in turn, can improve employee and operational productivity by reducing manual tasks, and saving time, resources, and costs.

Supply Chain Planning Software 119

Supply Chain Planning Software Supply Chain Software ERP Manufacturing Procurement 119

GlobalTranz

SEPTEMBER 23, 2021

Such congestion naturally leads to bottlenecks in planning drayage and eventual increases in the total cost of shipping, not to mention an added strain on trucking as the bottlenecks grow.? . Increasing fuel costs also play into the available capacity woes.? ? on-highway diesel fuel prices are up $0.898 from the end of August 2020.

Optimal Sourcing 123

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Negotiating Skills 123