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

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

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

GoShip Blog

JUNE 1, 2021

of online shoppers expect cost-effective or free and fast delivery of goods. When it comes to shipping freight, business owners need to know their margins when estimating and analyzing shipping prices. Use a shipping cost calculator to help you save time and continue gaining profits in this highly competitive market.

Purchasing Skills 98

Purchasing Skills Procurement Solutions Tools Packaging 98

WorkWave

OCTOBER 1, 2022

Cost estimates range on average from a meager 8 cents to 26 cents per square foot, making it affordable and a practical quick-growing solution. Several factors influence the hydroseeding prices on your property: land quality, location, and plot size. One of the reasons hydroseeding is cost-effective is the quick return.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Price Reduction Cost Reduction 52

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. What is fuel purchase routing?

Procurement Solutions 98

Procurement Solutions Purchasing Skills Procurement Analytics Purchasing 98

Logistics Viewpoints

OCTOBER 17, 2024

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. Focus on Long-Term, Strategic Partnerships Shift the focus from short-term cost savings to long-term value creation with suppliers.

Supply Chain Planning Software 141

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

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

Logistics Viewpoints

NOVEMBER 18, 2024

One essential tool used by the supply chain team is supply chain design. Like many companies, the French multinational produces a significant amount of its products in low-cost nations. One key tool they use to accomplish this is a supply chain design solution from Coupa. This is when the firm hired Mr. Botham.

Supply Chain Design Software 91

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Planning Software 91

Envase Technologies

APRIL 6, 2022

The transport industry is always looking for ways to mitigate the impact of fuel costs. Even when costs are low, this is an issue. But it’s not just the per-gallon cost. Without an effective tool to manage both the cost of fuel and the unpredictability of fuel surcharges, transport professionals are at a distinct disadvantage.

Purchasing Skills 98

Purchasing Skills Procurement Solutions Tools RFID 98

FreightWaves SONAR

DECEMBER 14, 2020

This week, learn how freight market participants are able to measure if freight pricing control lays in the hands of freight shippers or freight carriers. What is the DHL Supply Chain Pricing Power Index? The chart above has an 80 reading which indicates that the control of freight pricing lies in the carriers’ hands.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Price Reduction Freight 52

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

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. Why Does Bundle Pricing Really Work?

Price Reduction 52

Price Reduction Purchasing Skills Tips Procurement Solutions 52

Chronicled

MAY 23, 2023

Our team at MediLedger has been hard at work creating a platform that proactively verifies pricing, identifies discrepancies, and automates audits. A streamlined process that minimizes credits and rebills, improves cash flow, and reduces manual labor and associated costs. The result?

Optimization Software 52

Optimization Software Purchasing Skills Negotiating Skills Optimal Sourcing 52

Ship Monk

JULY 18, 2024

Reduce shipping and inventory costs to gain pricing flexibility. Most importantly, it should fully integrate with your shopping cart, website, mobile app, social sales channels, marketplaces, retailers, payment systems, EDI and ERP systems, and any other app or tool you use to manage your business. What Can Operations Do?

Inventory Reduction 109

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 109

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 67

Negotiating Skills Cost Reduction Inventory Reduction Negotiate Pricing 67

Logistics Viewpoints

OCTOBER 24, 2024

SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. It is a brilliant tool.” Their copilot-style solution is known as Joule.

SAP 140

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 140

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

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. Successful sales during this period come down to many factors.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. Successful sales during this period come down to many factors.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

GoShip Blog

JULY 18, 2022

Freight costs have a substantial effect on profitability and overall business growth. Learn how to optimize these costs to keep your supply chain running smoothly without paying exorbitant amounts for shipping. How freight costs impact your business. Ways you can optimize your freight costs. Reduce shipping frequency.

Optimization Software 52

Optimization Software Cost Reduction Negotiating Skills Purchasing Skills 52

GoShip Blog

NOVEMBER 25, 2022

There are several shipping pricing methods for e-commerce businesses–each with its strengths and weaknesses. Flat-rate shipping is a pricing method where the shipping fee depends on the size of the box or envelope rather than the item’s dimensional weight. Pros and Cons of Flat-Rate Shipping Method. Pros of Flat-Rate Shipping.

Price Reduction 52

Price Reduction Purchasing Skills Cost Reduction Expense Reduction 52

Logistics Business Magazine

AUGUST 15, 2023

In a world where rising bills seem to be the norm for families and businesses alike, the delicate dance of balancing service quality with cost-efficiency has become a challenge for retailers and ecommerce delivery, writes Gemma Vasey, Business Development Manager, Asendia UK.

Purchasing Skills 65

Purchasing Skills Cost Reduction eCommerce Price Reduction 65

Chronicled

MAY 1, 2023

Photo by Volodymyr Hryshchenko on Unsplash Understanding the 340B Program and its Presenting Issues The 340B Drug Pricing Program is a federally-run initiative that allows eligible healthcare organizations to access outpatient prescription drugs at discounted prices. What contributes to these difficulties?

Purchasing Skills 52

Purchasing Skills Price Reduction Manufacturing Procurement Supply Chain Software 52

WorkWave

JANUARY 7, 2021

Pool service technicians trust in various tools because of the wide range of projects they face. They rely on specialty tools like lid wrenches, nets, and vacuum hoses. But there are a set of tools not geared for the pool industry, which make up a vital component of the toolkit. Needle-Nose Pliers. Pipe Wrenches.

Procurement Solutions 52

Procurement Solutions Modeling Software Tools Purchasing Skills 52

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

Logistics Business Magazine

FEBRUARY 15, 2023

No matter where we turn, supply chain costs are going up. From supermarkets to fuel stations, to our personal and business energy bills, no one has been unaffected from this steady, and sometimes devastating, increase in prices. It sets out the case for optimising the supply chain for value and resilience, rather than just for cost.

Cost Reduction 59

Cost Reduction Expense Reduction Supply Chain Design Software Price Reduction 59

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. Today’s CRM platforms have adapted and expanded their tools to meet the needs of ecommerce businesses. Let’s take a look at CRM systems, the tools they provide, and the benefits they offer to ecommerce businesses.

Optimization Software 104

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 104

GoShip Blog

MAY 26, 2022

Fuel is one of the major driving forces in the economy, so a price change will cause economic ripple effects far from the gas pump. Businesses of all sizes require fuel and are, therefore, affected by an increase or decrease in its price. Why do fuel prices fluctuate? What rising fuel prices mean for your small business.

Price Reduction 52

Price Reduction Purchasing Skills Expense Reduction Cost Reduction 52

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 126

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 126

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

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 117

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

WorkWave

JANUARY 20, 2021

You need to have the tools for success if you intend for your window cleaning business to be profitable. We want to take the difficulty out of entering this industry by helping you learn what window cleaner tools you will need. Extension poles are necessary window washing tools if you’re going to be working on tall windows.

Procurement Solutions 59

Procurement Solutions Tools Purchasing Skills Cost Reduction 59

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 83

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 83

Freightos

AUGUST 10, 2024

(AI Popup #3) AI Popup #3 August 10, 2024 Dive deeper into freight data that matters Learn More For anyone who has played around with ChatGPT or Midjourney, it’s now clear that AI has the potential to be an incredible tool for enhancing efficiency and productivity. and has endured several cycles of investment booms and busts.

Logistics Network Optimization Software 87

Logistics Network Optimization Software Modeling Software Supply Chain Planning Software Supply Chain Software 87

Locus

JUNE 24, 2024

.” The 2024 Market Guide noted that “New digitalization initiatives, the increasing adoption of e-commerce, and the need to optimize transportation costs to improve the end-consumer experience and increase brand engagement are some of the challenges LMD solutions must solve.

Gartner 52

Gartner Optimal Sourcing Optimization Software Vendor Strategies 52

WorkWave

SEPTEMBER 14, 2022

While some business ventures require entrepreneurs to have advanced degrees or a large amount of capital to cover startup costs, that is not always the case. If you are a creative person with skills such as video production, photography, or writing, then you can create a home-based business working in content creation or digital marketing.

Purchasing Skills 52

Purchasing Skills Cost Reduction Optimization Software Procurement Solutions 52