ShipLilly

FEBRUARY 12, 2021

Take for example the increased emphasis on the purchase of household goods via e-Commerce platforms. Such price differentials are particularly prominent regarding premium or preferential services. Even with the higher quotes and prices, there is no guarantee of premium space. The statistics are startling.

Analysis 105

Analysis Manufacturing Procurement Purchasing Skills Price Reduction 105

Logistics Bureau

APRIL 3, 2023

If you’re a decision-maker with accountability for your organisation’s entire supply chain, and you’re just starting to think about outsourcing, perhaps to reduce costs or improve service, this post should prove well worth the few minutes it will take you to read it. What Can You Outsource, and What Should You Outsource?

Outsourcing 87

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 87

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.

Expense Reduction 59

Expense Reduction Cost Reduction Price Reduction Strategy 59

WorkWave

MARCH 26, 2024

Let’s delve into this topic to understand its significance and explore strategies for optimizing delivery routes to enhance customer satisfaction. By minimizing fuel consumption, reducing vehicle wear and tear, and optimizing driver schedules, businesses can cut down on operational costs associated with logistics.

Optimization Software 105

Optimization Software Optimization Logistics Network Optimization Software Cost Reduction 105

Freightos

DECEMBER 20, 2022

However, the sheer scope of price increases – and ensuing decrease – changed that dynamic. More than 80% of goods – by volume – are moved by ocean freight globally, so shipping costs directly impact the price level of imported goods. Let’s start by taking a look at global ocean freight prices.

Purchasing Skills 62

Purchasing Skills Analysis Cost Reduction Freight 62

GlobalTranz

AUGUST 17, 2015

A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle. The company also realized a 10% increase in stock price since the summer of 2014, in a highly competitive and regulated market.

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction 98

Logistics Viewpoints

APRIL 4, 2024

In this blog, I will discuss the use of AI/ML demand planning for fresh products to help maximize sales and reduce waste. Another example of data normalization is accounting for lost sales due to stockouts or waste of perishable products due to overstocking of inventory.

Scenario Planning 137

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 137

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.

Expense Reduction 48

Expense Reduction Cost Reduction Price Reduction Strategy 48

Stord

JANUARY 7, 2019

The Wall Street Journal’s recent analysis of retailers’ logistical challenges highlights the appeal and success of alternative solutions to traditional warehousing in retail and beyond. Demand for these warehouses, driven by the explosion of e-commerce sales, has increased prices and decreased vacant storage space.

Inventory Reduction 78

Inventory Reduction Price Reduction Supply Chain Planning Software Supply Chain Software 78

Ship Monk

FEBRUARY 24, 2024

You never want to cut corners on these, or any, crucial areas of your ecommerce brand. For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client. But with almost every case of overpreparing there is a price to pay.

eCommerce 88

eCommerce Inventory Reduction Tips Waste Reduction 88

MTS Logistics

MAY 13, 2024

By switching to the route around South Africa, container prices jumped by almost 300% and stayed at that level for a period of time. One major example is semiconductors. According to Bloomberg, any war in that region will have a $10 trillion effect on the world economy, cutting the world’s GDP by 10%.

Manufacturing Procurement 89

Manufacturing Procurement Price Reduction Military Analysis 89

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. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn.

Negotiate Pricing 82

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 82

GlobalTranz

APRIL 20, 2021

Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. This strategy requires greater investment and inventory carrying costs but enables continued production.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

Logistics Bureau

AUGUST 2, 2021

Competitiveness of Pricing. The price you pay your vendors for their products is a significant factor in your company’s ability to compete in its market. However, your company probably procures a wide range of indirect supplies, and this is where pricing can impact your competitive advantage. Supplier Defect Rate.

Procurement Analytics 117

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 117

3PL Links

MARCH 29, 2023

It is designed to assist logistics organizations in improving their productivity, delivery accuracy and speed, cost reduction, time and space optimization, error reduction, and the frequency of workplace accidents. Additionally, it promises to increase output and lessen the discomfort brought on by driver weariness.

Trends 107

Trends Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 107

Blue Grace Logistics

AUGUST 3, 2021

Companies have the right to receive the best service and the best price from their suppliers, and the relationship between shippers and suppliers is a key component to a successful partnership. The importance of setting the tone of the relationship and being an example of what you expect. 5 Tips To Improve Supplier Management.

Maintainability 117

Maintainability Price Reduction Purchasing Skills Resource Reduction 117

FreightWaves SONAR

MARCH 26, 2024

Take, for example, the market of Twin Falls, Idaho in comparison to Lakeland, Florida. Additionally, SONAR freight data offers bulk lane analysis in a variety of ways for users to understand drastic changes in rates, volumes, rejection data and more on a week-over-week or month-over-month basis.

Supply Chain Planning Software 52

Supply Chain Planning Software Negotiating Skills Data Scenario Planning 52

Logistics Viewpoints

JANUARY 26, 2021

Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts. A Positive Example. In this role, he leads his organization to drive thought leadership and go-to-market strategy for supply chain execution and logistics solutions.

Supply Chain Software 161

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

Logistics Business Magazine

AUGUST 12, 2021

Omnichannel, where a consumer, for example, might buy online, collect in store and pick up another item there, then return something by mail. Supply chains must therefore be flexible enough to manage this while maintaining prices, or profitability will fall. Container spot prices are a record $14000 now (Far East to Europe).

Supply Chains 68

Supply Chains Purchasing Skills Sourcing Strategies Price Reduction 68

3PL Links

DECEMBER 28, 2023

The system eliminates middlemen and streamlines the freight booking process by automatically matching truck drivers with available loads through the use of algorithms. The primary logistics trends for 2024 are shown below, along with examples of how some of the industry’s top businesses are already incorporating them into their plans.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Sourcing Strategies Trends 48

Automotive Logistics

FEBRUARY 8, 2019

Transformation strategy. To do that CHEP launched its ‘Be a Transformer’ strategy in June 2018 and Gilder says the company has made significant progress. “As We knew we had to change the culture first before we could implement any kind of strategy,” says Gilder. “We The strategy has already had tangible results.

Cost Reduction 28

Cost Reduction Waste Reduction Expense Reduction Inventory Reduction 28

Conger

JANUARY 17, 2023

5S Warehouse Examples 5S Warehouse Training: How to Get Your Team Ready How to 5S a Warehouse Warehouse 5S Checklist Warehouse 5S FAQs Warehouse 5S Quiz What Is 5S? Warehouse 5S is a lean management strategy that helps warehouses accomplish a basic objective: making problems visible. This reduces the time needed to search for things.

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 52

Blue Grace Logistics

JULY 27, 2021

We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. Approaching a demand analysis with historical data and seasonal variations is no longer competent. The drivers for growth are not simple factors like the price or quality of a product. billion by 2022.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

Logistics Bureau

JANUARY 7, 2020

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 122

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 122

Logistics Bureau

JANUARY 9, 2019

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

Locus

DECEMBER 7, 2021

A prime example is how governments in the Middle East have begun to rethink food security targets after the disruptions to their food supply chains. With the pandemic and political instability, businesses in the Middle East have begun to reconsider supply chain strategy to improve their resilience. Oil price fluctuations.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Ship Monk

FEBRUARY 9, 2024

Established companies will have years and years of quantitative data to work with, enabling them to identify trends and better understand the effects that marketing campaigns, pricing, seasonality, and other factors have on their merchandise. Qualitative data is more subjective.

eCommerce 84

eCommerce Inventory Reduction Operations Modeling Software 84

Talking Logistics

SEPTEMBER 4, 2018

For Management: a balancing strategy, etc…. It is about keeping all (well most) of the stakeholders of the supply chain content and taking into consideration the supply chain strategy of the organization. Example A: Fashion Retailer – Business Strategy is short life cycle products. Reduced Inventory Obsolescence Cost.

Inventory Reduction 70

Inventory Reduction Inventory Logistics Network Optimization Software Cost Reduction 70

MTS Logistics

MARCH 3, 2023

Shipping executives and industry leaders alike already know the importance of reducing emissions in the shipping industry and the need for green initiatives, as they look to protect the environment and meet customer demand for cleaner shipping. Companies can also employ LNG fuel and biofuels to reduce their carbon footprint.

Trends 78

Trends Supply Chain Design Software Price Reduction Supply Chain Software 78

GlobalTranz

JANUARY 16, 2017

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Essentially, the cloud is working to reduce overall risk and reduce costs along the way, but it is also becoming key to increasing accountability and visibility throughout an organization.

Supply Chain Design Software 59

Supply Chain Design Software Supply Chain Software Supply Chain Design Analysis 59

SYSPRO Smarter ERP

DECEMBER 19, 2022

Inventory optimization is the process of maintaining the right amount of inventory required to meet demand, in the right locations, at the same time reducing inventory-related costs, and avoiding common inventory issues such as stockouts, overstocking, and backorders. Inventory optimization. Challenges of IO and AI.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

Logistics Business Magazine

DECEMBER 16, 2021

His analysis is based on conversations and data from Setlog customers who use the SCM tool OSCA, e.g. more than 100 brands in the fashion industry alone. Companies are increasingly considering how to implement circular economy strategies so that fewer products need to be destroyed. ERP silos are eliminated.

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Software Modeling Software Optimization Software 54

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online. Minimum Order Quantity vs. Pricing Strategy. to your cart to get free shipping!”

Purchasing Skills 86

Purchasing Skills eCommerce Ordering Negotiating Skills 86

FreightWaves SONAR

NOVEMBER 9, 2020

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.

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 52

EazyStock

APRIL 18, 2023

While they did show signs of reducing, a recent surge has seen levels remain high. High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. Supply chain infrastructure investment reduces. in 2023 and 4.3%

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

MTS Logistics

JULY 24, 2023

Air Quality and Visibility: Wildfires produce smoke and ash, which can reduce visibility and affect air quality. Companies may also need to reassess their risk management strategies and invest in additional safety measures to protect their assets and supply chains 7.

Supply Chain Planning Software 67

Supply Chain Planning Software Supply Chains Inventory Reduction Material Savings 67