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 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

3PL Links

APRIL 13, 2023

Lean Logistics analyzes and removes non-value-added operations in order to enhance the flow of commodities and save expenses. The goals of lean logistics include waste elimination and quality enhancement. Lean manufacturing refers to eliminating waste in the production process, such as by speeding up deliveries and throughput.

Waste Reduction 62

Waste Reduction Inventory Reduction Expense Reduction Resource Reduction 62

ShipLilly

FEBRUARY 12, 2021

Take for example the increased emphasis on the purchase of household goods via e-Commerce platforms. Examples of the sought-after perks include guaranteed space, sure-deal equipment, more space on the ship, and finally the ultimate prize of expedited processing. The statistics are startling. Contract Extensions.

Analysis 105

Analysis Manufacturing Procurement Purchasing Skills Price Reduction 105

MTS Logistics

APRIL 15, 2022

Although we had seen many bad examples of the piling up strategy, due to lack of direction, these two ports are also now congested. It is not always so easy to predict which port is going to be congested next, but diversifying the cargo origin and keeping cargo close to several ports is an expensive but safe choice.

Analysis 86

Analysis Cargo Expense Reduction Supply Chains 86

FreightWaves SONAR

JULY 24, 2023

The costs of logistics as a ratio of total expenses are too significant to ignore. For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. While these expenses are known to exist and should be anticipated, the challenge is in their unpredictable nature.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

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

Logistics Viewpoints

DECEMBER 12, 2023

Companies annually spend about $325 billion on warehousing — and 85% of that cost goes to operating expenses that include labor, space and equipment. The typical benefits of a WES include an 80% reduction in administrative costs, a 12% increase in units-per-hour, and a 15% improvement in throughput. billion in 2022 to $3.12 The result?

Supply Chain Planning Software 168

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 168

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

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

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

EazyStock

APRIL 18, 2023

While they did show signs of reducing, a recent surge has seen levels remain high. When demand fluctuates, and costs rise, it can be tempting to throw out long-term strategies to react to these changes. More expensive borrowing. Supply chain infrastructure investment reduces. In 2022, inflation rates peaked at 9.1%

Supply Chain Planning Software 52

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

Logistics Viewpoints

AUGUST 14, 2023

Nevertheless, the argument that trade compliance is complementary to a company’s overall tax strategy certainly makes sense to many companies. The large fines above are examples of this class of penalties. For example, the U.S. In many companies, the legal department also rolls up to finance.

Compliance 105

Compliance Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies 105

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The supply chain design solution, for example, continues to grow in depth and usability. The use cases just keep expanding.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 121

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

Logistics Business Magazine

MAY 17, 2023

There is currently a trend on the market, both nationally and internationally, for brownfield solutions – i.e., the integration of new technology into existing buildings – to become increasingly attractive and a viable addition to the greenfield strategy. The result is another positive cost and time factor. •

Cost Reduction 50

Cost Reduction Efficiency Material Savings Waste Reduction 50

MTS Logistics

JULY 21, 2023

According to a 2020 analysis by the Insurance Information Institute, these disruptions cost firms an average of $1.45 Statistics and Examples 1. This includes costs associated with lost sales, increased operational expenses, and reputational damage. million per event. million per incident. Cargo Theft: In the U.S.,

Cost Reduction 67

Cost Reduction Document Expense Reduction Supply Chains 67

GlobalTranz

JULY 28, 2021

An optimized supply chain is one that is as efficient as possible; it is more likely to reduce costs, increase customer satisfaction rates, and add value for stakeholders. Using an offshore vendor to manufacture a component for a larger automotive assembly is a typical example. Defining Transportation Optimization.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

GoShip Blog

JANUARY 26, 2021

Thus, businesses should develop a flexible shipping strategy that will provide enough visibility to enhance the ultimate leg of the supply chain – last-mile delivery. While this is the last step, it is often the most challenging and expensive part. Data analysis to improve performance management.

Inventory Reduction 72

Inventory Reduction Supply Chain Planning Software Expense Reduction Supply Chain Software 72

FW Logsitcs

FEBRUARY 5, 2024

The emergence of these specialized warehouses allows customized storage and distribution strategies tailored to product characteristics like shelf life, sensitivity, and turnover velocity. However, for products requiring climate-controlled conditions, this operational expense is a necessity.

Supply Chain Design Software 52

Supply Chain Design Software Optimization Software Optimal Sourcing Supply Chain Software 52

Bringg

MARCH 24, 2021

To meet the new demand, companies will have to adjust their operations for greater efficiency, flexibility, and cost reduction. A good example of such a strategic decision could be choosing a warehouse’s location. That being said, it’s also as important to consider competitors’ strategies to respond to demand. .

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

Logistics Bureau

JANUARY 21, 2020

For example, the seemingly unstoppable Amazon surprised pundits by reporting lower year-on-year profits in the third quarter of 2019. . More specifically, though, it has laboured under the expense of transitioning from two-day to one-day shipping as standard for members of its subscription offering, Amazon Prime.

Inventory Reduction 62

Inventory Reduction Cost Reduction Expense Reduction eCommerce 62

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 53

Supply Chain Planning Software Supply Chain Software Modeling Software Optimization Software 53

FreightWaves SONAR

FEBRUARY 16, 2021

By using strong management and analysis processes, supply chains can maximize value and stay competitive. Streamline data capture and analysis. Freight intelligence tools help management develop a more unified freight strategy. Data for the sake of data is meaningless without proper, automated analysis and data capture.

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

GlobalTranz

SEPTEMBER 8, 2015

Each data entry is an opportunity for data capture and analysis. For example, the carrier may need to know how to handle delicate items, manage private and rented fleets, budget expenses, conduct international trade, ensure compliance to regulations, maintain safety, and make sure all KPIs align across the manufacturer-to-delivery route.

Cost Reduction 93

Cost Reduction Expense Reduction Supply Chain Planning Software Optimization Software 93

Logistics Business Magazine

JANUARY 15, 2024

Examples include various reversing assistance systems, such as the AI-based Reverse Assist Camera, that alert industrial truck drivers to people in the vicinity behind them. This can be followed by further analysis within the company,” explains Rochelmeyer. Another focus will be on the Linde connect fleet management system.

Modeling Software 55

Modeling Software Optimization Software Material Savings Expense Reduction 55

EazyStock

OCTOBER 20, 2020

It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company. ABC analysis, will help with this. Know your star products!

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Carter Logistics

DECEMBER 20, 2018

Here are three examples of how sub-par supply chain management can harm your business: Mismanaged Implementation – Changing a supply chain management system takes financial investment, time, and human resources. Industry-leading logistics providers focus on continual analysis.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Software Supply Chains Cost Reduction 60

UL EHS- Sustainability

OCTOBER 31, 2019

A training needs analysis (TNA) will identify where employee training can make a meaningful contribution towards improving performance. The analysis can also reveal other variables that cause employees not to perform at the optimum levels– organizational culture, personal problems, job satisfaction or financial compensation.

Buyer Training 40

Buyer Training Optimal Sourcing Expense Reduction Cost Reduction 40

Logistics Bureau

NOVEMBER 23, 2020

Obsolescence expense. An example from a company that turned to Kieran for help in cutting its costs and streamlining its warehousing operations will aid in illustrating this maxim. Let’s look at an example. Reduce the Inventory, Make Significant Savings. Human forecasting is hard, expensive, and often unreliable.

Inventory Reduction 62

Inventory Reduction Inventory Expense Reduction Supply Chain Planning Software 62

EazyStock

JANUARY 6, 2023

As we step into the unknown of 2023, here are some key trends and issues affecting supply chain management to help you prepare your strategies. As costs increase with inflation at its highest in over 40 years, now is the time to review your current situation to understand where you can improve efficiency or reduce costs.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

EazyStock

JANUARY 6, 2023

As we step into the unknown of 2023, here are some key trends and issues affecting supply chain management to help you prepare your strategies. As costs increase with inflation at its highest in over 40 years, now is the time to review your current situation to understand where you can improve efficiency or reduce costs.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Ship Monk

MARCH 28, 2023

For example, your shipping cost could be $5 for orders within 50 miles of your warehouse or fulfillment center , $10 within 100 miles, and so on. Rules based on any number of factors could form your 2-day shipping standards and practices, thus allowing you to create a personalized shipping strategy that works for your ecommerce business.

Cost Reduction 52

Cost Reduction Inventory Reduction eCommerce Expense Reduction 52