Remove Analysis Remove Demo Remove Purchasing Skills Remove Trends
article thumbnail

Bringing Order to Chaos: Last-Mile Delivery Costs and How to Reduce Them

Locus

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing.

article thumbnail

6 Steps to conduct a freight spend analysis

FreightWaves SONAR

Carriers and transportation experts are always looking for ways to cut costs and maximize spending. A freight spend analysis can help cut those extra costs. By doing so, carriers and experts pinpoint logistics cost contributors. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supplier Relationship Management: Expert Guide for Field Service

WorkWave

The key components of SRM include evaluating vendor relationships, improving vendor performance, and cultivating better working relationships: Evaluating vendor relationships enables a manufacturing business to identify and select the most suitable suppliers based on their quality, reliability, and cost.

article thumbnail

Using ABC Analysis in Inventory Management

EazyStock

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.

article thumbnail

SONAR Indices & Insights: Measure diesel fuel price volatility and market impacts with FUELS and ULSD rack data

FreightWaves SONAR

This week, learn how freight market participants, especially trucking carriers , rely on both the Ultra-Low Sulfur Diesel Rack (ULSDR) data index and the FUELS index to measure diesel fuel price volatility and to understand its impact on their operations and the freight market at large. The local price is an average of those various prices.

article thumbnail

How do rising interest rates and inflation affect global supply chains?

EazyStock

Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. Demand falls.

article thumbnail

Big data and inventory management

EazyStock

But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Inventory management information usually comes from a variety of data sources and is either structured or unstructured. Big data is used to understand trends and patterns in behavior.