3PL Links

SEPTEMBER 26, 2016

Before you get into a cost-cutting frame of mind, however, you need to understand where to focus because making the right cuts in the right areas will ultimately lead to the greatest returns. What follows is a rundown of the 10 best ways to reduce supply chain costs — and to increase your profits. Make Better Use of Space.

Cost Reduction 63

Cost Reduction Inventory Reduction Expense Reduction Supply Chain Software 63

GlobalTranz

AUGUST 10, 2016

Editor's Note: This is a guest blog from our friend Kelli Harris, a consultant and recent college graduate in Logistics Management. Today, Kelly shares the top 14 Logistics and Supply Chain Management training programs and courses available in 2016. University Courses. This is a short, part-time course that can be taken online.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Design Software Course Supply Chain Software 62

GlobalTranz

AUGUST 10, 2015

We are coming down the homestretch with our "Most Popular Blog Posts of 2015.So We've already hit 3 of our 5 main categories by featuring the most popular blogs for the logistics blog posts, manufacturing blog posts, and supply chain blog posts. 5 Most Popular Freight Blog Posts of 2015.So 29 and Jan.

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Blog Freight Price Reduction Cost Reduction 86

FreightWaves SONAR

MARCH 4, 2021

With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. Cost reduction strategies in supply chain management remain focused on getting loads from point A to point B as fast and as affordable as possible.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

Ottawa Logistics

OCTOBER 12, 2016

It is no secret that many companies are utilizing such strategies as they seek to find new and better ways to “go more green.” Eco-friendly packaging is usually less packaging, and less expensive to create, touts articles like Good Things Come From Green Packages. The 3 R’s (reduce, reuse, recycle) = good karma. It’s a Win-Win.

Material Savings 94

Material Savings Waste Reduction Expense Reduction Packaging 94

3PL Links

JANUARY 31, 2023

As a result of only investing in an expensive marketing strategy, you immediately miss the point. You should make every effort to keep storage expenses as low as possible because it costs money to store goods. Track stock Of course, the first thing to consider is whether or not the stock is being monitored.

Inventory Reduction 62

Inventory Reduction Inventory Tips Expense Reduction 62

GoShip Blog

MAY 11, 2021

Although it is hard to predict customer behavior and demand right now, analyzing your previous sales and operation strategy may help define mistakes and adapt your strategy to prevent those issues in the coming season. Expand relationships with suppliers & carriers.

Inventory Reduction 89

Inventory Reduction Expense Reduction Price Reduction Inventory 89

FreightWaves SONAR

FEBRUARY 25, 2021

A certain level of fees and freight rating expenses are standard in shipping and transportation. Of course, it all depends on the ability to stay strategic. . This focus is needed to ensure that a load earns a rate that is higher than expenses incurred with managing the process of how they price freight.

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

FreightWaves SONAR

JUNE 7, 2023

Even after the long series of contract rate cuts that began in July 2022, transportation managers and supply chain leaders still have a cost-reduction role to play in 2023. The best part is that most shippers are in a position to cut spend without sacrificing the high service levels they’ve finally been able to restore.

Inventory Reduction 52

Inventory Reduction Cost Reduction Optimal Sourcing Price Reduction 52

SYSPRO Smarter ERP

NOVEMBER 17, 2021

With a solid business strategy, and a strong foundation of knowledge, you can determine the best course of action for your manufacturing business and take advantage of an ERP system to streamline business processes and maximize profitability. You no longer need to invest in expensive hardware, network infrastructure and IT expertise.

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ERP Modeling Software Tips Procurement Solutions 105

Ship Monk

JUNE 24, 2021

Regardless of how you slice it, a solid order fulfillment strategy is the backbone of your business. #2. Of course, mileage varies depending on your fulfillment partner, but the basic idea is that more manpower results in more opportunities for growth. My Fulfillment Strategy Is Too Complicated for a 3PL. You read that right!

Outsourcing 65

Outsourcing Expense Reduction Inventory Reduction Resource Reduction 65

3PL Links

APRIL 23, 2024

inventory management helps the company not lose sales, prevents/reduces waste, and reduces expenses. Artificial intelligence is being used by enterprises in the modern day to establish more efficient delivery strategies. This monitoring can now be done in a new way thanks to artificial intelligence.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 48

3PL Links

SEPTEMBER 29, 2023

Adopt a dynamic layout The best course of action is for businesses to fully understand the structure that is available in their DC and to measure the size of the warehouse based on the inputs and outputs of items in order to arrange the products with the highest turnover in locations that are simple to access.

Tips 48

Tips Distribution Optimal Sourcing Inventory Reduction 48

Ship Monk

FEBRUARY 9, 2024

Of course, the more data you need and the more sophisticated your methods are, the more expensive demand forecasting becomes. For example, if you’re introducing a new product and there are no similar products to draw historical data from, qualitative research is a must to reduce risk.

eCommerce 84

eCommerce Operations Inventory Reduction Modeling Software 84

FreightWaves SONAR

FEBRUARY 4, 2021

Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Finding quality loads for moves on trips that would have otherwise remained empty is the best way to reduce deadheading. Of course, carriers want their transportation networks to be as profitable as possible.

Waste Reduction 98

Waste Reduction Data Expense Reduction Cost Reduction 98

Freightos

MARCH 23, 2023

There were plenty of freight insights to take in over three days of sessions, meetings and conversations with carriers, forwarders and BCOs, but far too many to include all of them in a blog post that anyone might make it to the end of. So, here are some of the highlights. What just happened???

Price Reduction 62

Price Reduction Inventory Reduction Industry Cost Reduction 62

GlobalTranz

JANUARY 5, 2017

Today's blog is a continuation of yesterday's where we discussed cost management and KPIs with warehousing contracts using a real-world scenario. Some incentives are reducing UNIT PRICING. Reducing absolute quantities required. Should gain share be eliminated and moved to a different incentive? This is less expensive.

Cost Reduction 66

Cost Reduction Price Reduction Warehousing Waste Reduction 66

3PL Links

OCTOBER 19, 2022

Define your returns management strategy: Analyze how effective returns management could help you lower expenses, enhance customer service, and even boost revenue. As said so eloquently by the CEO of a major online art retailer: “Our strategy is to process returns promptly, while striving to keep them to a minimum.”

Reverse logistics 62

Reverse logistics Procurement Solutions 3PL Vendor Strategies 62

FreightWaves SONAR

FEBRUARY 16, 2021

Of course, that all depends on seeing the activities that are occurring, benchmarking current carrier operations and continuously improving. Freight intelligence tools help management develop a more unified freight strategy. Knowing how fleets operate day in and day out will help provide a clear picture of efficiencies.

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

EazyStock

JANUARY 27, 2021

In addition to shorter lead times, lower shipping costs, no tariffs and a typically lower MOQ, domestically-source products usually are higher quality – plus, sourcing domestically can work as an attractive marketing strategy. However, these tend to be less efficient and products are usually more expensive. Looking Ahead to 2021.

Supply Chain Software 96

Supply Chain Software Supply Chain Planning Software Inventory Reduction Supply Chains 96

Ship Monk

NOVEMBER 12, 2020

If you’ve been wondering which strategy is more deserving of your time and money, this is the article for you. Well, customer acquisition is expensive — specifically, 5 tim e s pricier than customer retention (which we’ll get into in a moment!). Truth be told… they’re both great strategies! What Is Customer Acquisition?

Expense Reduction 52

Expense Reduction Procurement Analytics Strategy Article 52

FreightWaves SONAR

MARCH 4, 2021

Ocean freight managers will be able to easily calculate expenses vs profits to secure the best loads. . Multimodal freight lines can keep closer tabs on fees and expenses within all channels. . Domestic transportation networks can better collaborate load capacity to reduce wasted miles and space. Download the White Paper.

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Supply Chain Planning Software Freight Optimization Software Resource Reduction 130

GoShip Blog

DECEMBER 22, 2022

Of course, this price increase will result in costlier logistics services, which could lead to a spike in operational expenses. Automation and AI for Flexible Logistics Strategies. Additionally, you can automate the process, eliminating the need for excessive paperwork and human input.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Trends Supply Chain Software Price Reduction 52

GoShip Blog

SEPTEMBER 1, 2020

The closer it gets to the peak season, the more expensive freight rates will get and capacity will start to shrink. Though it is hard to predict customer behavior and demand right now, analyzing your previous sales and operation strategy may help define mistakes that were made and fix them this time.

Expense Reduction 59

Expense Reduction Inventory Reduction Price Reduction Tips 59

FreightWaves SONAR

DECEMBER 30, 2020

And pre-emptive strategies that help isolate and address real-time problems will inevitably rely on real-time freight data and easy-to-access systems. As the issues build, mitigating efforts become more strenuous, resulting in lost revenue and time, as well as more significant expenses. Of course, that’s another challenge.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

Ship Monk

NOVEMBER 11, 2021

Content comes in all shapes and sizes — blog posts (like this one!), Don’t get us wrong — paid ads can be tricky, time-consuming, and, obviously, expensive. However, if you have the budget and the strategy for it, investing in paid ads can get the word out for your business like no other. Create Kick-Ass Content.

Tips 85

Tips eCommerce Inventory Reduction Expense Reduction 85

Logistics Bureau

JULY 10, 2023

You will still need a hand on the tiller to define logistics strategy, manage the relationship with the 3PL provider , and monitor performance. While it may be expensive to remedy the problem, at least you know it is money well spent, unlike that which is wasted as long as the scenario exists.

3PL 53

3PL Logistics Network Optimization Software Negotiating Skills Inventory Reduction 53

GlobalTranz

MARCH 12, 2015

Editor’s Note: The top portion of this blog post is a guest blog from one of our friends from social media that we’ve been lucky to engage with on both Twitter and Google+ regularly. We will examine this issue in this quick blog post. Source: 21Handshake Blog. Do they still have those bean bag chairs?

Manufacturing Procurement 122

Manufacturing Procurement Sourcing Strategies Expense Reduction Modeling Software 122

Logistics Bureau

NOVEMBER 4, 2020

I have no crystal ball, of course, but instead I will tap into my consulting experience, add a dash of research, and fire it all up with some imagination to try get a picture of how the supply chain environment may look in eight years’ time. Welcome to the Robotic Future. The robotic revolution is upon us! The End of Offshore Production.

Supply Chain Software 62

Supply Chain Software Supply Chains Operations Manufacturing Procurement 62

Trans Global Auto Logistics

FEBRUARY 25, 2021

Today in the Trans Global Auto Logistics Blog, we are looking at Brexit, shipping to Europe and the UK, impacts on the shipping industry, and how all of this affects you. Reduced availability and breadth of shipping services (mainly in the near future). How is shipping different going forward in a post-Brexit world?

Expense Reduction 96

Expense Reduction Inventory Reduction Cost Reduction Resource Reduction 96

3PL Links

JULY 7, 2023

Brief History of Supply Chain and Data Analysis Supply Chain Management (SCM) was initially prompted by the need to reduce expenses while providing customers with high-quality services. Numerous operational and managerial errors led to client complaints and needless expenses.

Supply Chain Software 48

Supply Chain Software Supply Chains Data Logistics Network Optimization Software 48

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. However, if you’re shipping 4-5-6 pallets every 2 days then you might want to consider (if you have the space, of course) saving it up and shipping in bulk. Well, we’re here to answer your questions.

How To 43

How To Freight Price Reduction Expense Reduction 43

GoShip Blog

SEPTEMBER 1, 2020

The closer it gets to the peak season, the more expensive freight rates will get, and the capacity will start to shrink. Though it is hard to predict customer behavior and demand right now, analyzing your previous sales and operation strategy may help define mistakes and fix them this time.

How To 40

How To Expense Reduction Inventory Reduction Price Reduction 40

Ship Monk

SEPTEMBER 29, 2022

Specifics can vary by industry, of course, but for the most part this takeaway is a good summation. This will reduce the risk of running out of inventory, or getting backed up on orders that your customers expect to get on time now more than any other season of the year. Common Challenges & Solutions During Peak Season.

eCommerce 52

eCommerce Purchasing Skills Inventory Reduction Cost Reduction 52

GlobalTranz

MAY 21, 2015

Many manufacturers & retailers have found that they can use state of the art supply chain management to reduce inventory & warehousing costs while speeding up delivery to the end customer. Managers should ensure that a firm’s transportation strategy supports its competitive strategy.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Cost Reduction Supply Chains 100

Talking Logistics

OCTOBER 30, 2018

The strategy involves leveraging a competitive bidding process or reverse auction for the most expensive type of freight movement – spot market/expedited freight. Thankfully, we don’t have to rely on hypotheticals to prove the concept because there is actual hard data revealing just how well these tools and strategies perform.

Optimization Software 60

Optimization Software Supply Chain Software Material Savings Logistics Network Optimization Software 60

Ship Monk

AUGUST 13, 2021

Reduce VAT fraud, which is estimated to have cost the EU €160 billion in 2017. Lucky for us, we’ve talked about DDU in a previous blog post — be sure to check that out after you’re done here! And, even if they are expecting an additional payment, they might change their minds once they see how expensive it can truly get.

eCommerce 95

eCommerce Supply Chain Design Software After-sales Supply Chain Design 95