GoShip Blog

FEBRUARY 5, 2024

How to calculate the cost of goods? A key component in grasping how inventory affects cash flow is through calculating the Cost of Goods Sold (COGS). Businesses that keep tabs on their OPEX are more flexible in the course of their business evolution. There are many computations of COGS, including determining your net profits.

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Inventory Tips Procurement Analytics Purchasing Skills 52

Logistics Viewpoints

AUGUST 11, 2022

Of course, the kind of RTTVP you use depends on the outcomes you desire. Shipment vs. Product-Level Tracking : An RTTVP will provide visibility into load-level tracking; if you are tracking product SKUs, you’ll require a control tower solution. Not All Platforms Are the Same. Narrow Your List with a Smart RFP.

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Supply Chain Planning Software Logistics Network Optimization Software Optimal Sourcing Manufacturing Procurement 141

GlobalTranz

MAY 4, 2018

Common obstacles encountered when it comes to effective inventory management include having poor visibility into fast-moving versus slow-moving product, extensive travel times between bin locations, and lost revenue due to poor labor productivity. Track everything, including labor productivity. Download white paper.

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Inventory Reduction Supply Chain Design Software Tips Inventory 65

Logistics Bureau

JUNE 5, 2023

But do you know how to operate your fleet for the maximum economy? How to Reduce Truck-Related Costs Trucks and vans are not cheap to run, so if you can save even a little on the cost of operating each vehicle in your fleet, those savings can mount up to a lot—and the more extensive your truck fleet, the more you can save.

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Cost Reduction Purchasing Skills Price Reduction Waste Reduction 73

GoShip Blog

NOVEMBER 22, 2022

On the other hand, handling refers to all the costs accrued from buying packaging materials and hiring labor to pick, package, and load the products on a delivery truck. Simply put, it involves all the commercial contact that was made with the product from when it was received to when it is transferred to the care of a freight carrier.

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Handling How To Cost Reduction Price Reduction 52

Logistics Bureau

NOVEMBER 8, 2021

But if you and your team are perplexed over performance measurement and management, the following tips might help you get KPI selection right. An example of this might be the implementation of a warehouse productivity KPI that encourages the workforce to pick more orders per hour. How to Benchmark Your Supply Chain With KPIs.

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Supply Chain Software Supply Chains Scenario Planning Cost Reduction 81

Ship Monk

MAY 20, 2021

Of course, we couldn’t let our entrepreneurial free spirits miss out on those numbers. Tip: Don’t forget to look into your niche as well as its overarching market! Those are all fill-in-the-blanks, of course. ??. #6. Your marketing strategy is all about your brand, who it’s for, and how you’re going to get it out there.

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How To Price Reduction Course Analysis 64

Conger

JULY 20, 2020

Chapter 4: How to Pass Your Forklift Certification Test With Flying Colors. How to Decide If the ‘Operator’s Life’ Is Right for You. Chapter 6: How to Get a Job as a Forklift Driver. Part I: How to Get a Forklift License. Of course not. How to construct, transport, stack, and unstack loads.

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GoShip Blog

JULY 7, 2022

This means figuring out how to deliver the product to your customer as quickly as possible without compromising the integrity of the product or providing an inferior shipping experience to your customer. Here are four tips you can follow to get ready for this major change. Determine Customer Demand.

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Optimal Sourcing Optimization Software eCommerce Tips 52

Ship Monk

JUNE 16, 2021

Grab your favorite pair of sneakers and allow us to run you through six suggested courses of action. With that in mind, it makes sense to stir up some serious sales action by refreshing your inventory selection, whether that be by adding new products or breathing new life into old ones. Ready, set, go! #1. The fresher, the better.

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eCommerce Inventory Reduction How To After-sales 58

Conger

JULY 28, 2022

Get 15 tips for improving warehouse safety. How to Measure Warehouse Safety. How Safe Are Warehouses? 15 Warehouse Safety Tips. How to Measure Warehouse Safety. Otherwise, how will you know if things got better, worse, or stayed the same? 15 Warehouse Safety Tips. Let’s dive in! Table of Contents.

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3PL Links

SEPTEMBER 5, 2016

Improving your warehouse and distribution process isn’t necessarily as easy as it might sound since any course of action needs to take into account variables such as your products, staffing levels, scheduling and third-party vendors. What follows are 5 tips for improving your warehouse and distribution process. Automation.

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Tips Distribution Vendor Strategies Procurement Analytics 59

Ship Monk

FEBRUARY 16, 2023

While advertising, website user interface, social media, and many other factors may tip the scales when it comes to winning customers, shipping is actually one of the most crucial components that influences customer acquisition. Today’s shoppers not only want the best products; they want them as fast as possible.

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Conger

OCTOBER 22, 2021

This article is all about aerial lift safety tips for operators, managers, and pedestrians. 15 aerial work platforms safety tips. 15 Aerial Lift Safety Tips. Aerial lifts can tip over if operated on uneven or unstable terrain. 15 Aerial Lift Safety Tips. When and how to perform inspections. Know the Rules.

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Tips Operations Buyer Training Training 52

GoShip Blog

SEPTEMBER 1, 2020

Despite the pandemic times and economic uncertainty, companies are getting ready to increase their sales and production, entering the new season with profit. Here are a few useful tips on how to get armed for the busy season as a small business: How to prepare your small business for the peak season? Competitive rates.

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How To Expense Reduction Inventory Reduction Price Reduction 40

Trans Global Auto Logistics

FEBRUARY 10, 2022

However, before you start buying vintage cars , it’s critical that you understand how to go about investing in classic cars correctly. Of course, even if you end up not making a major profit on the sale of a classic car, you can still enjoy the thrill of owning your own timeless old-school beauty. Demand for Investing in Classic Cars.

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WorkWave

AUGUST 31, 2021

Of course, customers prefer low shipping costs, but the charges have to be covered. AS predicts consumer behavior by analyzing previous data, allowing Amazon to stock warehouses with specific products geographically closer to consumers that are likely to purchase those products. High Shipping Costs. This may be done by: .

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GlobalTranz

AUGUST 31, 2018

Online and mobile innovations are at the heart of increased traceability and visibility, and products must be delivered at break-neck speeds. Of course, it always helps to have a few tricks up the sleeve, so warehouse managers should follow these steps: Increase forecast accuracy using real-time asset and inventory monitoring and analytics.

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Ship Monk

DECEMBER 30, 2020

Ready to pair your fabulous products with fabulous shipping? Read on to learn the what and how of sprucing up your shipping options. Slightly inflate the prices of your products so that they cover part of the shipping, while still technically keeping shipping free. Shoot us a line. We’d love to hear from you!

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GlobalTranz

SEPTEMBER 18, 2018

Food shippers must already contend with a variety of elements, including storage temperatures, packaging, freshness and quality, timeliness and, of course, proper transit. Four Food Logistics Tips to Keep Perishables and Foods Safe During Transit It’s vital that food shippers make certain transportation methods are safe, secure and reliable.

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Logistics Bureau

MAY 8, 2023

Is your company one of the many that take a minimalist approach to freight management? Yes… I did say minimalist, not lean. When I say minimalist, I’m talking about the many companies which, while reliant on freight to keep supplies coming in and products going out, don’t see freight management as a core competency.

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Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

WorkWave

SEPTEMBER 2, 2021

This guide looks at all the critical aspects of how to start a delivery service business. Tips for Starting a Home Delivery Business. Below are some of the tips to consider when starting a delivery business: Establish Your Niche. It provides the best freedom to work and experiment with your product lines.

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Ottawa Logistics

MARCH 24, 2022

This blog follows founder Richard Lazazzera as he builds and ecommerce brand from nothing — providing indispensable insight in how to begin a brand in this day and age. It’s also especially good because he is very transparent with how things are going for his business. customer retention tips. how to lower costs.

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eCommerce Blog Tips Packaging 62

MTS Logistics

MAY 6, 2020

How much money does your e-commerce business spend on shipping? When running an online store, you’ll have to pay for supplies and services to ship products to customers. Don’t discard any bubble wrap, packing peanuts or packing paper that you receive from inventory shipments or product returns. Request Local Pickup.

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Negotiating Skills Purchasing Skills Cost Reduction Procurement Solutions 54

Ship Monk

DECEMBER 4, 2023

Even if you don’t agree, you might glean a few tips on how to improve your own process. Customer drops off the product at carrier or return location. Product is shipped to the return processing location. Product is inspected and handled according to the merchant’s specifications based on its condition.

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Conger

JULY 6, 2023

10 OSHA Forklift Refresher Training Examples How to Choose a Quality Forklift Refresher Training Program Where to Find Forklift Refresher Training Courses Forklift Refresher Training Formats: Online, In-Person, and Hybrid Common OSHA Forklift Refresher Training Requirements Questions What Are OSHA's Forklift Refresher Training Requirements?

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Forto

JULY 25, 2018

Before we go into details on how to ship hazardous materials, one needs to understand that different types of cargo require different measures for transportation. While these products may require less care, they also yield a lower profit margin. Below are the 5 tips to guide you on dangerous goods shipping.

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Tips Packing Material Savings Document 49

Blue Grace Logistics

FEBRUARY 19, 2019

Of course, the cost is a factor in this regard. Pricing is the perpetual thorn in the side, of course, and it’s easy for one side or the other to take advantage when the conditions are right. For them, profit comes when they are more productive, so getting their drivers in, out, and on the road to the next delivery is key.

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Tips Resource Reduction Cost Reduction Expense Reduction 48

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. Does your company use incandescent, halogen, or HID lighting in its warehouses?

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Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

GlobalTranz

MARCH 3, 2016

How to start a freight brokerage. Getting the top freight broker training books is also important, so you can always refer to them when you’re unsure how to go ahead. You’ll also pick up practical knowledge about the work of a freight broker, and learn how to work with shippers, and how to handle shipping rates negotiations.

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Negotiating Skills How To Buyer Training Freight 51

GoShip Blog

SEPTEMBER 1, 2020

Despite the pandemic times and economic uncertainty, companies are getting ready to increase their sales and production. Here are a few useful tips on how to get prepared for the busy peak season as a small business: How do you prepare your small business for the peak season?

Expense Reduction 59

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Conger

MAY 28, 2021

How to develop your own in-house forklift training program. How to Start Developing Your Own Forklift Safety Training Program. How to calculate forklift capacities. How to load, transport, and unload materials safely. How to perform forklift inspections before operating. How to handle different driving surfaces.

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Logistics Bureau

AUGUST 27, 2018

Let us begin with a quick summation of what gamification is and how it works. Of course, gamification can only be used in processes requiring human input, since it drives performance by way of motivation. Statistic: 87% of employees believe that gamification makes them more productive. Don’t Make it a Race Game.

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Logistics Bureau

AUGUST 7, 2023

If so, you probably sell products through your online store (and perhaps other websites), social media platforms, and even physical sales outlets. Managing inventory in such a landscape can be challenging due to the complexity of tracking inventory levels across several channels and maintaining accurately synchronised records.

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Inventory Reduction eCommerce Inventory Procurement Solutions 89

Freightera

JANUARY 24, 2023

Packaging tips and recommendations for palletized freight Before safely securing your cargo to the pallet or skid, make sure that you’ve met the safety requirements first: Fill your boxes with padding such as crumpled paper bits or styrofoam Do not overfill them, as this may cause structural weaknesses.

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Logistics Bureau

JANUARY 21, 2018

Here are my top 10 tips to boost your Supply Chain performance towards Best in Class. They will generally be around cost, service and productivity. So, it’s vital that those people you do have are well educated in how to identify Supply Chain issues and quickly come up with solutions to resolve them. Yes of course there are.

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Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 48

GlobalTranz

DECEMBER 2, 2014

Editor’s Note: This is our second post in a two part series about how to get your logistics and transportation practices in order in time for holiday shipping or peak season crunches. The first post covered how you can get the DC or warehouse ready for the holidays or peak seasons. . This is an easy tip, but it goes a long way.

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Cost Reduction Price Reduction Vendor Strategies Resource Reduction 86