Ship Monk

APRIL 5, 2024

When was the last time you thought about your business’ relationship with its suppliers? 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.

Negotiate Pricing 82

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 82

MTS Logistics

MAY 27, 2022

Last year was marked with capacity issues and high prices, but today, freight prices have decreased, while capacity has increased. For example, recently Target was forced to write down the value of excess inventory that’s stuck in warehouses. West Coast ports and dockworkers are negotiating a new labor contract.

Global logistics 83

Global logistics Analysis Negotiate Pricing Negotiating Skills 83

Logistics Bureau

OCTOBER 10, 2022

For example, you can optimise for cost, profit, or service, but not for all of them. Instead, your company’s optimal inventory performance will be such that you can meet the service levels you aspire to (or to which your customer agreements commit you) with the barest minimum negative impact on profit and working capital.

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

GlobalTranz

AUGUST 17, 2015

While the opportunities are numerous so are the challenges; in this fiercely competitive global marketplace success requires companies to pay closer attention to supplier relations. Global leaders should retain suppliers with vested interest in the long-term success of the company.

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction 98

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. For suppliers and merchants, however, setting a minimum order quantity for your goods can mean the difference between losing money and making a profit on each sale. It’s that pop-up in your shopping cart that says, “Add $17.96 to your cart to get free shipping!”

Purchasing Skills 86

Purchasing Skills eCommerce Ordering Negotiating Skills 86

EazyStock

FEBRUARY 17, 2021

They have well-executed inventory replenishment processes that ensure items are reordered in the right quantities and at the right time to meet actual customer demand. Managing variable supplier lead times. Profitable businesses are well-versed at managing this inventory balancing act. Ensuring accurate demand forecasting.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

Logistics Bureau

MAY 8, 2023

By neglecting or underestimating the need for meaningful analysis, they typically fail to attain anything like the value they might receive with effective carrier management. BOOK NOW If you’d like some help to improve your freight management, please book a free consultation call here.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62