IoT World Today

OCTOBER 15, 2020

As organizations continue to adapt to the roller-coaster ride of 2020, some leaders’ pre-pandemic IT strategies brought business resilience even as COVID-19 struck. Indeed, some organizations spent several years laying the foundations for data-driven strategy and remote operations even prior to COVID-19.

Waste Reduction 122

Waste Reduction Cost Reduction Strategy Supply Chain Design Software 122

Logistics Viewpoints

MAY 10, 2022

with one of the highest costs of living. Companies must also offer a healthy workplace which listens to their workforce and offers modern tools that keep workers happy in addition to being productive. Does it require manual data entry? Many of the best automation solutions do not eliminate headcount.

Vendor Strategies 110

Vendor Strategies Waste Reduction Cost Reduction Optimization Software 110

3PL Links

MAY 19, 2024

Image source: PxHere | Mastering Demand and Inventory Planning: Essential Strategies for Success Have you ever thought about how businesses effectively satisfy customer demand and maintain supplied inventory? Collecting and examining previous sales data while taking patterns and seasonality into account is the first stage.

Inventory Reduction 48

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 48

Ship Monk

SEPTEMBER 14, 2023

If you’re not employing a multichannel sales strategy, you’re clearly missing out. But what, exactly is a multichannel sales strategy, and is it worth the investment? Unexpectedly large shipping costs are the #1 reason for cart abandonment. What is a Multichannel Sales Strategy? What is a Multichannel Sales Strategy?

Inventory Reduction 64

Inventory Reduction Price Reduction Cost Reduction eCommerce 64

FreightWaves SONAR

JANUARY 28, 2021

Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis.

Waste Reduction 105

Waste Reduction Resource Reduction Price Reduction Cost Reduction 105

WorkWave

JANUARY 8, 2024

Choosing the right pricing strategy is essential for businesses aiming to thrive in competitive landscapes and secure a prominent position within local markets. In this blog, we’re going to cover why every service business owner needs to prioritize pricing strategies and discuss three of the most common and strategic pricing models.

Price Reduction 52

Price Reduction Material Savings Cost Reduction Resource Reduction 52

WorkWave

JANUARY 8, 2024

Choosing the right pricing strategy is essential for businesses aiming to thrive in competitive landscapes and secure a prominent position within local markets. In this blog, we’re going to cover why every service business owner needs to prioritize pricing strategies and discuss three of the most common and strategic pricing models.

Price Reduction 52

Price Reduction Material Savings Cost Reduction Resource Reduction 52

ShipLilly

JUNE 28, 2021

The rate of return for products, otherwise known as reverse logistics, can be mitigated when suppliers work to improve the speed, cost, and efficiency of shipping goods. Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

The Logistics of Logistics

MAY 12, 2023

Their focus is on translating data into actionable insights that improve operations, increase efficiency, and reduce costs. Uptake leverages industrial data science to offer over 45 patents, almost 200 data science models, and has received recognition from several industry leaders such as Gartner, Verdantix, CNBC, and Forbes.

Optimization Software 327

Optimization Software Logistics Network Optimization Software Modeling Software Cost Reduction 327

The Logistics of Logistics

FEBRUARY 11, 2022

Cost of Warehouse Management System Software. Original article: Cost of Warehouse Management System Software. You are Making Significant Logistics Strategy Changes : When you realize that your current WMS cannot support new processes effectively or at all. Wide Range of Options and Costs. Basic WMS Cost Categories.

Modeling Software 221

Modeling Software Logistics Network Optimization Software Cost Reduction Vendor Strategies 221

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

FreightWaves SONAR

FEBRUARY 11, 2021

However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. And these additional five shipping strategies can help enterprise shippers maximize recovery and boost profits. Freight transport cost per shipment.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Supply Chain Planning Software Optimization Software 98

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 121

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 121

Log-hub

MARCH 1, 2023

The mistakes that can pull your supply chain far away from the progress are bad cost management strategy, lack of optimized business processes, neglecting data and KPI’s, poor customer service and no future planning. One of them is a bad cost management strategy. But how to get rid of them?

Cost Reduction 52

Cost Reduction Sourcing Strategies Expense Reduction Supply Chain Design Software 52

The Logistics of Logistics

JULY 20, 2022

Jon is the Director of Pricing Strategy & Analytics at Loadsmart , a freight technology company that is removing the barriers between shippers and carriers so freight can move in the most efficient, transparent and automated way. When a shipper working with Loadsmart pays above the target price, Loadsmart gets a reduced margin.

Price Reduction 287

Price Reduction Purchasing Skills Cost Reduction Logistics Network Optimization Software 287

CLX Logistics

NOVEMBER 13, 2023

The podcast, titled “Navigating the Future: Data-Driven Supply Chain,” served as a platform for CLX Logistics to underscore the pivotal role of data in shaping the future of supply chain operations. The podcast also champions collaboration as a cornerstone for success in supply chain endeavors.

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Supply Chain Software Resource Reduction Cost Reduction Optimal Sourcing 65

Log-hub

MARCH 6, 2024

Our dedication to reducing emissions and operational costs through optimizing electric truck routes not only underscores our commitment to green solutions but also aims to empower supply chain managers with strategic insights for navigating the complexities of electric truck operations. Image source: INSIDEEVs.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Cost Reduction Resource Reduction 40

Log-hub

MARCH 6, 2024

Our dedication to reducing emissions and operational costs through optimizing electric truck routes not only underscores our commitment to green solutions but also aims to empower supply chain managers with strategic insights for navigating the complexities of electric truck operations. Image source: INSIDEEVs.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Cost Reduction Resource Reduction 40

The Logistics of Logistics

JANUARY 28, 2022

Beyond Cost Per Load with Felipe Capella. Felipe Capella and Joe Lynch discuss beyond cost per load. Felipe believes that while cost per load will continue to be important, savvy shippers will look for 3PLs who use technology and people to bring additional value to the shipping function. Key Takeaways: Beyond Cost Per Load.

Cost Reduction 260

Cost Reduction Optimization Software Price Reduction Logistics Network Optimization Software 260

GoShip Blog

JULY 15, 2022

Although order fulfillment strategies may differ across businesses, a typical fulfillment strategy involves the following processes: Receiving inventory Inventory storage Order processing Picking and packaging Delivery Processing returns. You can also find and retain new customers by using customer relationship management (CRM) tools.

Inventory Reduction 52

Inventory Reduction Cost Reduction Modeling Software Ordering 52

Logistics Bureau

SEPTEMBER 4, 2023

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

Negotiating Skills 89

Negotiating Skills Purchasing Skills Cost Reduction Analysis 89

Blue Grace Logistics

OCTOBER 18, 2023

Enhancing Supply Chain Sustainability Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - October 18, 2023 October is Sustainability Month, a time to reflect on our impact on the planet and seek ways to reduce our carbon footprint. Why is it crucial?

Resource Reduction 62

Resource Reduction Cost Reduction Supply Chain Planning Software Supply Chain Software 62

10xLogistics

MAY 15, 2024

Collaborative Planning, Forecasting, and Replenishment (CPFR) is a strategy that has revolutionized this space, offering a systematic approach to reducing supply chain inefficiencies. A lack of trust can prevent the open exchange of this data, reducing the effectiveness of collaboration.

Supply Chain Planning Software 77

Supply Chain Planning Software Replenishment Inventory Reduction Scenario Planning 77

Blue Grace Logistics

APRIL 1, 2024

In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies. These tools are helping businesses advance operations, enhance efficiency and drive growth, irrespective of the volatile economic market conditions. The answer lies in data.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Optimization Software Supply Chain Planning Software 111

CH Robinson Logistics

JUNE 10, 2021

In today’s market, knowing where to evaluate and adjust your LTL capacity strategies can feel overwhelming. But making faster, meaningful improvements to your LTL supply chain strategies and operations can be a seamless process that makes a positive impact on your business. Create a pick schedule that carriers value.

Cost Reduction 71

Cost Reduction Price Reduction Strategy Supply Chain Planning Software 71

EazyStock

DECEMBER 13, 2020

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. Maybe you need to diversify your supplier network to cover any supplier closures or increased logistical/delivery costs.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Conger

APRIL 1, 2024

By carefully planning and scheduling maintenance before issues arise, businesses can avoid interruptions and reduce costs associated with emergency repairs and downtime. Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Let’s dive in!

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Material Savings Expense Reduction Resource Reduction Cost Reduction 82

Log-hub

MAY 22, 2024

In today’s complex and interconnected global economy, managing supply chains has evolved into a sophisticated discipline that requires advanced tools and strategies. Type of Multi-Tier Supply Chain Analytics DESCRIPTIVE ANALYTICS : Involves analyzing historical data to understand past performance and identify trends.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

Log-hub

MAY 22, 2024

In today’s complex and interconnected global economy, managing supply chains has evolved into a sophisticated discipline that requires advanced tools and strategies. Type of Multi-Tier Supply Chain Analytics DESCRIPTIVE ANALYTICS : Involves analyzing historical data to understand past performance and identify trends.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

Shipping and Freight Resource

JUNE 29, 2020

But if you can reduce cargo and shipping damage , you can cut shipping costs. With the right packaging, strategy, and tools, you can cut shipping costs by as much as 60%. Start with shock testing to gather data about your normal shipping routes. Choose Packaging and Pallets Carefully.

Material Savings 116

Material Savings Cost Reduction Expense Reduction Resource Reduction 116

GlobalTranz

NOVEMBER 16, 2016

The amount of information and improvement possible through big data can be overwhelming. Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. How to Get Started with Your Big Data Strategy. . This is where the explanation of big data begins. .

Resource Reduction 91

Resource Reduction Cost Reduction Supply Chain Planning Software Supply Chain Software 91

The Logistics of Logistics

AUGUST 11, 2023

As CTO, Shawn leads Denim’s technology strategy, product development, data operations, and development of a technical framework to support the company’s rapid growth. Shawn is an angel investor in fintech and developer tools. A remote-first company, Denim has been named a Best Place To Work by Built In. The Greenscreens.ai

Logistics Network Optimization Software 334

Logistics Network Optimization Software Negotiating Skills Price Reduction Cost Reduction 334

The Logistics of Logistics

APRIL 13, 2021

Beyond Cost Per Load with Felipe Capella. Felipe Capella and Joe Lynch discuss beyond cost per load. Felipe believes that while cost per load will continue to be important, savvy shippers will look for 3PLs who use technology and people to bring additional value to the shipping function. Key Takeaways: Beyond Cost Per Load.

Cost Reduction 195

Cost Reduction Optimization Software Price Reduction Logistics Network Optimization Software 195

Blue Grace Logistics

AUGUST 10, 2021

Over the last decade, ever since social media and the IoT became common-place mediums, there has been a change in marketing tools and strategies. A more streamlined communication is provided by omnichannel strategies. In-store visits were drastically reduced during the pandemic.

Expense Reduction 62

Expense Reduction Cost Reduction Strategy Optimization Software 62

FourKites

DECEMBER 11, 2020

For example, many of our customers use tools like FourKites Notification Rules, encrypted links and watcher settings to simultaneously alert key stakeholders both within their organization and their customer base when critical events occur in the lifetime of a load in transit. Examples of customer-driven supply chain strategy.

Vendor Strategies 52

Vendor Strategies Cost Reduction Supply Chain Design Software Supply Chain Software 52

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. So, what are your competitors getting from modern data and analytics solutions that you’re missing out on?

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40