Talking Logistics

JULY 5, 2018

Develop a comprehensive truckload strategy so you’re prepared to handle just about anything. Building the right truckload strategy for your business. The key to a great truckload strategy is aligning capacity communities with attribute segments of your freight portfolio. Eliminate unnecessary empty miles and deadhead expenses.

Price Reduction 60

Price Reduction Expense Reduction Waste Reduction Cost Reduction 60

Trinity Logistics

SEPTEMBER 16, 2021

With costs rising recently, it’s easy to see why the challenge for many companies has been to reduce their transportation costs. Before we jump into how to reduce your transportation costs, it’s essential to understand what factors are causing them to rise. STEPS TO REDUCE TRANSPORTATION COSTS. CUT YOUR MANUAL PROCESSES.

Cost Reduction 76

Cost Reduction Expense Reduction Price Reduction Vendor Strategies 76

Conger

DECEMBER 13, 2022

If you're looking for ways to reduce lead times, you’re in the right place. Because in this post, you’ll find 11 effective strategies for doing just that. Identify and Eliminate Bottlenecks. The closer the supplier is to your warehouse or manufacturing plant or location , the easier it is to reduce lead times.

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Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

FreightWaves SONAR

APRIL 1, 2021

That gave rise to a new time pricing strategy, dimension (DIM) pricing. . Density plays a role in the form of dimensional pricing. DIM pricing considers cubic volume in addition to physical height, width and depth of packages as a factor for price calculations. Capture pricing data for LTL freight.

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Negotiating Skills Price Reduction Trends How To 98

Ship Monk

FEBRUARY 16, 2023

So the question becomes: is it possible to offer 2-Day shipping at an affordable price? The answer: it is, and ShipMonk is here to show you how. In this guide discover the most important things you need to reduce 2-day shipping costs and make offering 2-Day shipping a feasible option for your ecommerce brand.

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Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

3PL Links

SEPTEMBER 8, 2023

Unlocking Customer Satisfaction: Is Your Fulfilment Strategy Aligned with Expectations? Labor, inventory accuracy, and split shipping are a few examples. Unlocking Customer Satisfaction: Is Your Fulfilment Strategy Aligned with Expectations? As a result, the local supply/demand matching issue (i.e.,

Inventory Reduction 48

Inventory Reduction Sourcing Strategies Cost Reduction Expense Reduction 48

Logistics Bureau

MAY 30, 2022

In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. For example: Alignment of strategy and cost leads to happy shareholders.

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Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 112

Dedola Global Logistics

DECEMBER 16, 2019

An experienced forwarder or third-party logistics company (3PL) can help you improve your bottom line by reducing your soft costs in addition to saving you money on hard costs. For instance, things like fuel prices, hourly wages for employees, and materials are some hard costs. How can importers and exporters reduce soft costs?

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Cost Reduction Negotiating Skills Material Savings Resource Reduction 98

WorkWave

AUGUST 25, 2022

Keep reading to learn more about how to get HVAC leads. Targets will help you create a more direct and effective strategy and ensure that you’re not wasting time or resources on unrelated efforts. If your marketing goal isn’t quantifiable, how will you know when you reach it? Define Marketing Goals for Your HVAC Business.

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Resource Reduction Waste Reduction Cost Reduction Sourcing Strategies 52

WorkWave

SEPTEMBER 9, 2021

By researching your market, choosing an appropriate pricing metric, and assessing additional cost factors, you can make sure your clients are getting a fair quote, and you’re making a good profit. Here is how to estimate delivery jobs, step-by-step. This will give you a better sense of the national average price and regular fees.

Purchasing Skills 52

Purchasing Skills Price Reduction How To Procurement Analytics 52

Conger

MARCH 30, 2023

Because in this post, you’ll learn everything you need to know, including: What all the forklift fuel types are Common specifications, pros/cons, applications, and prices of each How to choose the right forklift fuel type for your needs Answers to common forklift fuel questions And lots more… Let’s dive in!

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Purchasing Skills Price Reduction How To Manufacturing Procurement 52

GlobalTranz

DECEMBER 5, 2018

For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.

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Price Reduction Resource Reduction Cost Reduction Inventory Reduction 67

WorkWave

MARCH 21, 2023

From developing your business plan to marketing strategies and pricing your services, there is much to consider when beginning this journey. Join us as we take a deep dive into how to start a pet-sitting business. With the right online strategy, you can build your reputation as a professional pet sitter that owners can trust.

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How To Price Reduction Expense Reduction Waste Reduction 52

Logistics at MPEPS at UPV

MARCH 31, 2019

IKEA kept cost reduction at the center of any decision making. It made efforts to improve its internal supply chain processes like packaging, warehousing, and transportation which contributed to its cost cutting objective. This helps the company reducing transport costs. Almost every store has a warehouse on the premises.

Price Reduction 40

Price Reduction Cost Reduction Material Savings Negotiate Pricing 40

Ship Monk

APRIL 28, 2023

In addition to satisfying conscientious consumer demand, eco-friendly efforts can benefit your ecommerce business by reducing waste within your company and improving operational efficiencies. Translation: these ecommerce businesses have operating standards that minimize or reduce negative impact on the planet.

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eCommerce Waste Reduction How To Material Savings 66

Blue Grace Logistics

MARCH 17, 2022

High priced diesel fuel impacts the total cost of transportation through fuel surcharges. How to help manage overall transportation costs. How high diesel prices may change future freight procurement strategies. How high diesel prices may change future freight procurement strategies.

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Cost Reduction Price Reduction Expense Reduction Waste Reduction 62

FourKites

DECEMBER 11, 2020

We’ll list some examples of inventory risks below, but generally speaking, inventory risk cost can be assessed as the probability of any event occurring which can damage or cause you to lose your investment in that inventory, coupled with the total value of potential lost goods. Examples of inventory carrying costs. Opportunity Costs.

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Inventory Reduction Cost Reduction Expense Reduction Resource Reduction 52

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

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Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

CLX Logistics

JULY 13, 2020

What you really need to understand and be able to communicate to management is where you should be and how to get there. Unless you are in a pure commodity market, price is important. Now, let’s look at how to get there. As an example, consider the growing number of digital freight marketplaces like UberFreight and LoadSmart.

Cost Reduction 40

Cost Reduction Vendor Strategies Price Reduction Strategy 40

Dedola Global Logistics

DECEMBER 16, 2019

How To Reduce Soft Costs in Shipping. An experienced forwarder or third-party logistics company (3PL) can help you improve your bottom line by reducing your soft costs in addition to saving you money on hard costs. . For instance, things like fuel prices, hourly wages for employees, and materials are some hard costs.

Cost Reduction 52

Cost Reduction Negotiating Skills Material Savings Resource Reduction 52

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. We’ll begin with a look at pricing strategy.

Negotiating Skills 89

Negotiating Skills Purchasing Skills Cost Reduction Analysis 89

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.

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Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

Freightos

AUGUST 14, 2023

In one example, an employee of Varda, a SpaceX-like company, began to publicly attempt to replicate the study and had over 10,000 people tuning in to watch a live stream of rocks in a furnace. We’ve been here before with Blockchain and Tradelens, which launched in 2018 and was done by the end of Q1 2023 – a good example of hype waves.

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WorkWave

JULY 31, 2019

By pairing a solid organic social content strategy with a full-funnel social advertising strategy, you will gain much greater value and be able to tie efforts to actual ROI. Learn how to get set up on Business Manager here. Once you are set up you can jump into your strategy and execution. Set Up Tracking. Set Your Goals.

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Waste Reduction Price Reduction Strategy How To 58

Ship Monk

FEBRUARY 24, 2024

How much are you spending on manufacturing, shipping, marketing, customer support, logistics services, and order fulfillment services? 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.

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eCommerce Inventory Reduction Tips Waste Reduction 88

Logistics Viewpoints

DECEMBER 7, 2021

Carrier capacity management strategies ease the crunch. Proactive shippers have used multi-carrier parcel shipping technologies and strategies to navigate rising carrier costs for years. Multi-carrier shipping strategies also need rules in place related to delivery time requirements, special conditions (hazmat, refrigeration, etc.),

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Price Reduction Cost Reduction Inventory Reduction Capacity 114

GoShip Blog

JANUARY 11, 2023

Learning how to work through labor shortages keeps your business competitive and your customers satisfied. . For example, international port delays due to insufficient dockworkers will have a trickle-down effect on the order fulfillment processes of many businesses before the products even reach their destination countries.

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Supply Chain Planning Software Ordering Supply Chain Software Resource Reduction 52

FourKites

DECEMBER 23, 2020

When creating a strategy for improving the productivity of your supply chain, you should analyze your costs within the following four areas: Staff time. Real-time supply chain visibility can significantly reduce wasted time across your operations. 4 Supply Chain Efficiency Measures to Improve Productivity. 2: Right-size Your Inventory.

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Supply Chain Planning Software Supply Chain Software Inventory Reduction Waste Reduction 52

Ship Monk

AUGUST 30, 2023

Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates. Some visitors are just browsing or comparing prices and not ready to make a purchase, no matter how tempting your products are. Do Saturdays count?

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well.

Inventory Reduction 65

Inventory Reduction Cost Reduction Waste Reduction Vendor Strategies 65

Logistics Business Magazine

AUGUST 31, 2023

This article by SHIPSTA addresses six of the most common challenges that can surface in peak shipping season, while providing solutions on how to best address them. Take a closer look at SHIPSTA to see how its platform and services can help you both during and outside the peak shipping seasons.

Optimal Sourcing 54

Optimal Sourcing Negotiating Skills Sourcing Strategies How To 54

Ship Monk

DECEMBER 5, 2022

Could there be hidden costs you’re not accounting for in your pricing strategy? Stick with us and you’ll learn how to calculate landed cost — and how this number affects your profitability. That’s why understanding landed cost is key to a successful pricing strategy and making better business decisions.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

Logistics Bureau

NOVEMBER 8, 2021

Supply chain management objectives can encompass several success factors, including cost reduction, supply chain speed, efficiency, and service improvement. So, for example, if your business competes strongly on price, you might go heavy on the cost-reduction side of supply chain management, setting objectives centered on savings.

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Supply Chain Software Supply Chains Scenario Planning Cost Reduction 81

Trinity Logistics

SEPTEMBER 7, 2023

While these tips may not be possible for everyone or every shipment, hopefully, you’ll find one you can start implementing to reduce your freight costs. HOW LTL SHIPPING RATES ARE CALCULATED Compared to truckload rates, LTL shipping rates can be very confusing. Reduce any empty space between cases or products on the pallet.

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Negotiating Skills Tips Cost Reduction Price Reduction 108

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.

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

Freightera

MAY 31, 2022

And by process of elimination, you’ll be able to check out if this service type suits you or if you need something else. For example, carriers may not know their pricing too far ahead of time because they cannot possibly predict their availability, so prices might fluctuate heavily. 1) Save up your cargo.

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How To Freight Price Reduction Expense Reduction 43

GoShip Blog

JUNE 6, 2022

Learn how to do it within your budget. These shifts form a complete cycle of pricing policies in the supply chain and logistics during the year. Understanding the freight shipping rates cycle will help you recognize the early signs of market shifts and modify your logistics strategy dynamically. Freight shipping rates cycle.

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Price Reduction How To Freight Supply Chain Planning Software 52