Ship Monk

JUNE 30, 2023

We’re going to show you how to identify KPIs for your business by breaking the process down into three parts. A KPI may be a single metric, like “sales,” or a calculation that uses more than one metric, such as dividing sales by the number of orders to find the average order value in a given time period.

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

Logistics Bureau

JULY 18, 2022

For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. It may do, but how do you know? For example: How much automation will you need in your warehouse(s)? After all, even extensive articles dedicated to the topic can barely scratch the surface.

Inventory Reduction 106

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 106

Ship Monk

APRIL 28, 2023

Consider the clothing industry as an example. For example, this Statista article highlights how “nearly half of U.S. While most entrepreneurs’ minds jump to product design, packaging, and shipping when thinking about ways to embrace a sustainable business strategy, how your office spaces are run can also have a big impact.

eCommerce 66

eCommerce Waste Reduction How To Material Savings 66

GoShip Blog

DECEMBER 28, 2022

Fashion e-commerce has grown tremendously over the years and is set to generate almost 300 billion dollars in sales by 2025. How to Package Clothing. You must use the correct materials and apply appropriate techniques to protect the products during shipping, optimize freight costs, and enhance customer experience after delivery.

Purchasing Skills 52

Purchasing Skills How To Eliminating Excel in Purchasing Optimization Software 52

Globalior

JULY 3, 2020

Although seemingly a straight forward concept, this can quickly become complicated when parts of a product may be manufactured in different parts of the world, raw materials may be procured from different parts of the world and finish product itself may be transported to different parts of the world before it is ready for sale.

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Manufacturing Procurement How To Factories Procurement 52

WorkWave

MARCH 3, 2022

Some businesses adjust hours to accommodate fewer sales. If you’re not sure whether your business experiences an off-season, take a moment to review total sales — and total foot-traffic numbers if you run an in-person business. If possible, take a look at sales and traffic totals over a multi-year period.

Cost Reduction 52

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 52

The Logistics of Logistics

JUNE 13, 2018

She provides insight on the importance of sales personalities and how to communicate with the different types. 01:28 – Ann tells us how she got into coaching. How she transitioned out of the medical field and got further education. 03:03 – Sales personality types and why they matter. Ann’s Twitter. Ann’s Facebook.

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After-sales Training Collaboration Examples 150

EazyStock

MAY 11, 2021

Your inventory’s ‘value’ can be based on a number of criteria, such as annual sales revenue, profitability or annual consumption value. The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

DECEMBER 13, 2021

To do this you need to know what stock items are most ‘at risk’ of running out, when are they likely to run out, and by how much you are likely to be short. After all, nobody likes surprises! Important risk of stockout KPIs include: Number of stock days – how many days stock you have left until you run-out.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

GoShip Blog

NOVEMBER 8, 2022

of retail sales in the US were returned in 2021, and up to 10% of these returns were fraudulent. Return fraud is detrimental to sales and overall profitability. And, if applicable, demand that customers provide their signatures after receiving their orders. Examples include Shopify POS, SEON, Accertify, and Fraud Filter.

How To 52

How To Expense Reduction Procurement Solutions Cost Reduction 52

Logistics Bureau

NOVEMBER 8, 2021

So, for example, if your business competes strongly on price, you might go heavy on the cost-reduction side of supply chain management, setting objectives centered on savings. Conflicting KPIs: A Brief Example. How to Benchmark Your Supply Chain With KPIs. The Importance of Aligned Objectives.

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Supply Chain Software Supply Chains Scenario Planning Cost Reduction 81

Logistics Bureau

JANUARY 11, 2021

So, for example, if a sales rep asks them, customers will say, “I want a good level of service, I want a competitive price, and I want a strong relationship with the business.”. We have found that customers value reliability and good relationships with management and sales staff over price and speed of service.

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Logistics Network Optimization Software How To Supply Chain Design Networks 68

Material Handling and Logistics

AUGUST 10, 2018

But I often see companies that have more cutting tools, for example, than they need. Machinists may set aside a box of inserts and drills at their work stations, for example, to ensure they don’t run out. First, idle machines, idle workers and lost production result in lower sales and margins. Too Little. Too Costly.

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Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

GoShip Blog

JULY 28, 2022

A returned item must first pass through a quality control process to determine if it’s still fit for sale. An RMS streamlines your after-sale management processes, allowing quicker, easier, and safer returns. Setting a return policy that’s too stringent can lead to low customer satisfaction and lost sales.

Procurement Solutions 52

Procurement Solutions eCommerce Cost Reduction Vendor Strategies 52

Ship Monk

JUNE 5, 2023

To make matters worse, many ecommerce businesses don’t budget for the labor-intensive process of managing returns because they don’t think of them as part of the sales process. Just as with forward logistics, most ecommerce brands start out by manually handling their own returns — after all, there aren’t going to be that many, right?

Reverse logistics 52

Reverse logistics eCommerce Logistics Network Optimization Software Supply Chain Planning Software 52

Ship Monk

FEBRUARY 18, 2021

Apparel, for example, has too many subdivisions to be a true niche — there’s athleisure, swimwear, cocktail dresses, and so on and so forth, to infinity and beyond. Going back to the apparel example, let’s say a prospective buyer is looking for a shirt. How to Choose Your eCommerce Niche. What Are Niches Not? What About Amazon?

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eCommerce How To Cost Reduction Course 67

Ship Monk

MARCH 21, 2024

Legacy Customer Relationship Management (CRM) software systems, such as Salesforce, were originally developed to help sales teams funnel and track potential customers through long sales pipelines, from generating leads to closing the sale, then supporting and maintaining the customer relationship.

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Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 94

Logistics Bureau

MAY 8, 2023

That’s the first big mistake I want to address in this article, after which I’ll share information about ten other freight management mistakes we commonly see at Logistics Bureau while working with clients on supply chain improvement. 1: The Mistake of Minimalist Freight Management So, what about this minimalist management issue?

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

Conger

DECEMBER 13, 2022

When communicating with suppliers: Share your demand/sales forecasts with them to let them know when to expect reorders. For example, if you're handling warehousing yourself, consider switching to a public/3PL warehouse that provides receiving, storage, order fulfillment, shipping, and even value-added services like kitting.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

EazyStock

FEBRUARY 7, 2020

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. Increased stock levels to ensure stock availability.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

WorkWave

SEPTEMBER 2, 2021

This guide looks at all the critical aspects of how to start a delivery service business. There are various helpful tips out there you can use on how to buy a delivery route. The routes might have different names, including cookie route, distribution route, or even sales route. Tips for Starting a Home Delivery Business.

Logistics Network Optimization Software 52

Logistics Network Optimization Software How To Optimization Software Procurement Solutions 52

Parade

MAY 15, 2019

Like any competitive business, growing and managing a freight brokerage is full of operational challenges such as; attracting and retaining carrier sales reps, increasing operational efficiency, improving profitability, and strengthening relationships with customers and carriers.

Negotiating Skills 60

Negotiating Skills Freight How To After-sales 60

Logistics Viewpoints

JUNE 22, 2022

It struck me as I reviewed past growth rates how persistent WMS sales growth has been. I decided to take a step back and propose an organizational explanation of why I believe WMS sales growth is so persistent. For example, “maximize revenues within a theoretical facility that had two constraints.” My Learning Path.

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Supply Chain Planning Software Supply Chain Software Modeling Software Scenario Planning 129

Logistics Bureau

MAY 31, 2021

The tips in this article will help you know how to identify the customers, products, and processes that might be inflating your cost to serve (CTS) unnecessarily. Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve.

Cost Reduction 117

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

EazyStock

FEBRUARY 26, 2020

After all, your competitor is just a click away. For example it often makes no sense to carry large numbers of expensive items which have a volatile demand when investment in cheaper, fast-moving goods will help ensure stock availability and keep inventory turnover high. Contact us for more information on EazyStock.

Availability 52

Availability How To Inventory Reduction Optimization Software 52

Logistics Viewpoints

FEBRUARY 20, 2024

This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model. After that the team works in an iterative way, answering stakeholder’s questions regarding how the network will react to various changes (e.g.

Supply Chain Design Software 136

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 136

GoShip Blog

JULY 12, 2022

Say you’re transporting furniture pieces that need reassembling after delivery. For example, you won’t have to worry about moving temperature-sensitive items with an electronic regulation system of reefer trucks. It will speed up your logistics operations and increase your sales significantly. Tech solutions.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Handling Supply Chain Planning Software Supply Chain Design Software 52

MTS Logistics

DECEMBER 11, 2019

With couriers such as DPD and Hermes offering fully-trackable delivery on both a national and international scale for small business and large retailers alike, there are plenty of options available for you to consider before the busy sales period commences. Recognize the differences in product types.

How To 54

How To Packaging After-sales Production 54

Logistics Business Magazine

MARCH 8, 2024

Karen Taylor Ronson (pictured) is a Jungheinrich Business Director, responsible for customer service and sales. After 24 years with the Jungheinrich where she was responsible for the operational and customer service side of the business Karen has now also taken responsibility for the sales, racking and used equipment operation.

After-sales 54

After-sales Logistics Network Optimization Software Training Modeling Software 54

WorkWave

OCTOBER 7, 2022

Slingshot by WorkWave : A modern, 24/7 sales and customer support solution integrated into PestPac to close sales and capture leads at any time, any day. Learn How to Grow Your Business and Build Value. Attendees will leave with real-life business examples as well as a road map for the future.

After-sales 74

After-sales Digital Production Meeting 74

Logistics Viewpoints

JUNE 22, 2022

It struck me as I reviewed past growth rates how persistent WMS sales growth has been. I decided to take a step back and propose an organizational explanation of why I believe WMS sales growth is so persistent. For example, “maximize revenues within a theoretical facility that had two constraints.” My Learning Path.

Supply Chain Planning Software 102

Supply Chain Planning Software Supply Chain Software Modeling Software Scenario Planning 102

GlobalTranz

NOVEMBER 21, 2016

For example, do you need less-than-truckload (LTL), small package, full truckload (FT) or freight consolidation? Ask About How Optimization Is Achieved. However, the experts can identify and explain how the system works. After reviewing the previous steps, you will be ready to select a TMS solution.

Negotiating Skills 79

Negotiating Skills Optimization Software Cost Reduction Price Reduction 79

Logistics Bureau

NOVEMBER 15, 2021

For example, a picking rate of 100 cases per hour (CPH) indicates that your warehouse is working faster than if you pick 75 cases per hour and exponentially faster than at 50 CPH. For example, you can calculate the cost to receive each line item on your purchase orders. 1) Speed up the Warehouse.

Inventory Reduction 62

Inventory Reduction Cost Reduction Expense Reduction How To 62

WorkWave

JANUARY 15, 2021

Now, you need to learn more about the industry and how to start a tree service business. After the deduction of business expenses, your annual profit would be around $50,000. You can test the waters by starting a tree removal business only, for example. You aren’t sure what is needed to start a tree service?

How To 52

How To Price Reduction Expense Reduction Optimization Software 52

Ship Monk

FEBRUARY 3, 2024

Because it’s so immediate, SMS should be used sparingly, for time-sensitive information, such as prompts to revisit an abandoned cart, or notifications of a sale starting or ending. Timing Part 2 Don’t send an email with 20% percent off any shoe purchase after I’ve just purchased a pair of shoes from you. How Often This is tricky.

eCommerce 81

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 81

Logistics Bureau

AUGUST 1, 2022

Has your company ever suffered problems with, implemented, or even considered implementing a sales and operations (S&OP) planning process? More to the point, though, for S&OP to be effective, it matters not whether a company uses Excel spreadsheets or the latest best-of-breed sales and operations planning software.

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Supply Chain Planning Software Scenario Planning Operations Supply Chain Design Software 104

Ship Monk

JANUARY 11, 2024

This can be a letdown after the excitement of the holiday shopping season, but it really shouldn’t come as a surprise. Today we’re going to talk about what you can do, before and after the purchase, to mitigate the damage returns can have on your brand. Lost revenue: You’ve lost the revenue you would have made from the sale.

Procurement Solutions 90

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 90