Locus

MAY 2, 2023

When they first began their journey, the greatest challenge was gaining the trust of consumers, who were used to visiting their local grocery store and largely preferred to check their groceries first-hand before purchasing them. To date, it has also been able to reduce its delivery costs by 66%.

Cost Reduction 52

Cost Reduction Price Reduction Purchasing Skills Logistics Network Optimization Software 52

FreightWaves SONAR

JANUARY 5, 2021

Operational costs continue to increase for carriers year to year. Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. The formula is operating costs/operating revenue. Operating Ratio.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.

Optimization Software 97

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 97

Ship Monk

SEPTEMBER 14, 2022

By value , we mean how much that inventory cost to make or purchase, plus how much it’s costing you to store it. For an eCommerce business, inventory is your most valuable asset (at least in terms of bookkeeping) and also one of your largest costs. Ending Inventory + COGS – Purchases = Beginning Inventory.

Inventory Reduction 80

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 80

EazyStock

APRIL 18, 2023

In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. in 2023 and 4.3%

Supply Chain Planning Software 52

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

Shipchain

JANUARY 8, 2020

But the question remains– who is eating the cost of that damaged product ? According to Retail Drive, 21% of oversized online purchases arrive damaged each year, with 15% never arriving at all. . So who eats the cost- whether it be a one-off damaged product or an entire pallet worth millions?

Purchasing Skills 62

Purchasing Skills Production Supply Chain Software Supply Chains 62

FreightWaves SONAR

MARCH 4, 2021

Truckload freight and transportation costs make up a large part of most logistical spending for shipping companies across the country. With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. All of these challenges potentially create waste in your supply chain.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

FreightWaves SONAR

NOVEMBER 9, 2020

This week, learn how freight market participants, especially trucking carriers , rely on both the Ultra-Low Sulfur Diesel Rack (ULSDR) data index and the FUELS index to measure diesel fuel price volatility and to understand its impact on their operations and the freight market at large. The local price is an average of those various prices.

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 52

Ship Monk

DECEMBER 15, 2023

Will consumers be reluctant to use credit cards for holiday purchases? What We Learned So Far With the numbers in, we gathered findings from multiple sources to suss out the shiniest nuggets of wisdom. For the first time, mobile purchases have overtaken desktop purchases. Which items were frequently purchased together?

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

EazyStock

FEBRUARY 17, 2021

Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control. However, businesses are also acutely aware that holding inventory costs money. Excessive carrying costs can erode profit margins, while tying up cash in stock can lead to cashflow issues.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

Locus

AUGUST 7, 2023

If we consider the average cost of a new car in the United States was approximately $40,000 in 2021, this increase is equivalent to almost 4 billion new cars. Whether a budding startup or a well-established enterprise, adapting to technological shifts has become non-negotiable. billion in 2021, and is expected to reach $288.87

Negotiating Skills 52

Negotiating Skills Cost Reduction Digital Expense Reduction 52

FreightWaves SONAR

DECEMBER 1, 2020

Typically, these include meeting EDI and electronic document standards; use routing guides, which even small companies should have; labeling inbound cartons and pallets with product SKUs and purchase order numbers; and purchase order terms and conditions.” . Hassle or cost to serve. Request a SONAR demo today.

Purchasing Skills 100

Purchasing Skills Freight Procurement Analytics Optimal Sourcing 100

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

Locus

DECEMBER 6, 2022

So there’s less friction, fewer failed delivery attempts and big cost savings for your business. Our advanced scheduling optimization software has dynamically priced, customer delivery slots for both online and in-store purchases. Try a demo with us! Schedule Demo. Source: [link].

Optimal Sourcing 52

Optimal Sourcing Picking Optimization Software Sourcing Strategies 52

Locus

JULY 24, 2023

If done right, load matching means better resource optimization, cost reduction, streamlined operations, and ultimately, happy customers and businesses. For instance, 41% of global shoppers expect same-day delivery for their purchases. Some of the factors that load matching depends on include: 1.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Optimization Software Optimization 52

FreightWaves SONAR

FEBRUARY 11, 2021

The benefits of benchmarking trucking fleets also include better contract and trucking spot r ate pricing, which means lower driver turnover for trucking fleets. This information will help to reduce costs and allow companies to make better program decisions that benefit the company. Request a FreightWaves SONAR demo to get started.

Procurement Analytics 98

Procurement Analytics Trucking Optimization Software Operations 98

Blue Grace Logistics

DECEMBER 15, 2022

The Logistics Blog®. Rising online purchases over the past few years have increased the need for LTL. Transportation rates have been rising over the last couple of years due to factors like the driver shortage, lack of equipment, a capacity crunch, and rising fuel costs. Whitepaper. Case Study. BlueGrace Logistics. Surcharges.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Survey 62

Locus

NOVEMBER 30, 2023

Large organizations, often bogged down by complex roadmaps, may benefit from purchasing solutions to maintain innovation pace. Maintenance and tech debt Building legacy systems offers stability but introduces maintenance costs and tech debt, particularly during growth phases. Schedule a demo with our experts!

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software How To Procurement Solutions 52

FreightWaves SONAR

FEBRUARY 1, 2021

Average contract rates show trends developing in long-term pricing agreements to prepare freight market participants for annual bids or any increases in shipping freight rates. Unlike the spot freight market, contracted agreements have a longer cycle and are typically negotiated on an annual basis. Request a SONAR Demo.

Negotiating Skills 75

Negotiating Skills Purchasing Skills Freight Procurement Analytics 75

Blue Grace Logistics

APRIL 13, 2022

The benefits of these systems are managing transportation costs and navigating capacity crunches. They negotiate on a shipment by shipment basis, so a TMS is less about freight spend and more about getting the perfect price each time and squeezing more productivity out of shipments. EDI setup is a part of this issue. BlueShip 4.0

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 62

Locus

OCTOBER 21, 2022

To provide consumer experiences for your online shoppers after they make their purchases, click here. And then plan some more : Leverage data and insights to forecast festive season consumer behavior and plan your distribution networks, sourcing locations, and additional fleet requirements well in advance of the season. Schedule Demo.

Supply Chain Planning Software 52

Supply Chain Planning Software Meeting Optimal Sourcing How To 52

Blue Grace Logistics

MARCH 2, 2021

The benefits of these systems are managing transportation costs and navigating capacity crunches. They negotiate on a shipment by shipment basis, so a TMS is less about freight spend and more about getting the perfect price each time and squeezing more productivity out of shipments. Want A Free BlueShip TMS Demo?

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 62

FreightWaves SONAR

FEBRUARY 15, 2021

This week, learn how executives who manage a trucking business are monitoring carrier operations-based indices to improve profit margins and reduce operational trucking costs. Formula : Operating ratio = total operating costs / operating revenue * 100. Operating Ratio (OPRAT).

Trucking 98

Trucking Expense Reduction Operations Purchasing Skills 98

Ship Monk

AUGUST 11, 2022

In fact, orchestrating effective last-mile deliveries requires some serious logistics skills. and 68% of Canadian shoppers said that free shipping was the driving force behind their purchasing decisions, and almost half said they would prioritize one online store over the other if they offered free, next-day delivery.

Negotiating Skills 52

Negotiating Skills Purchasing Skills eCommerce Inventory Reduction 52

FreightWaves SONAR

AUGUST 25, 2021

While it may be premature to say Christmas is canceled, any company having to purchase capacity on the ocean is facing unprecedented pressure. The free white paper, Ocean shippers trapped in house of pain , highlights data impacting the maritime market, from the FreightWaves’ SONAR platform, as well as information from many other sources.

Maritime 52

Maritime White Paper Demo Purchasing Skills 52

EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. Cost-effective order quantities.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

FreightWaves SONAR

NOVEMBER 23, 2020

The Operating Ratio (OPRAT) index provides total operating costs divided by operating revenue, which is derived from the Truckload Carriers Association (TCA) members and is reported on a monthly basis. The formula is operating costs/operating revenue. Debt and interest payments are not included in these costs.

Operations 98

Operations Negotiating Skills Purchasing Skills Freight 98

FreightWaves SONAR

AUGUST 13, 2021

I often hear people that speak of supply (capacity) or demand (freight volume) refer to either one as if that explains pricing alone, when in practice, you must understand how each dynamic moves separately. Industrial – PMI (Purchase Managers Index). Retail sales [white] and the Purchasing Managers Index [green] remain very strong.

Manufacturing Procurement 98

Manufacturing Procurement Trucking Purchasing Skills Ordering 98

Locus

OCTOBER 7, 2022

It also showed that 80% of consumers are willing to pay higher prices for same-day deliveries. However, should a business invest their capital in building and maintaining their solution from scratch, or simply purchase an off-the-shelf solution? Holistically consider the costs. It goes on and on.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Procurement Solutions Eliminating Excel in Purchasing Supply Chain Software 52

Locus

SEPTEMBER 20, 2023

If available technology aligns with a business’s needs and processes, they’ll purchase it. Schedule a Demo The post InFocus Webinar: Oasis of Opportunity: Tapping into the 3PL Potential of KSA appeared first on Locus Blog. Preparing a month in advance ensures consistent service.

Webinar 52

Webinar 3PL Logistics Network Optimization Software Vendor Strategies 52

FreightWaves SONAR

MARCH 23, 2021

The challenges of tracking intermodal shipping costs and value. That includes managing energy consumption costs and environmental impact, both critical components within an ESG-conscious strategy. While today’s customers are clamoring for their latest purchases today, they are environmentally conscious. Request a SONAR Demo.

Supply Chain Planning Software 59

Supply Chain Planning Software Cost Reduction Purchasing Skills Optimization Software 59

Locus

APRIL 3, 2023

An effective logistics solution is critical for optimizing supply chain efficiency, reducing costs, improving customer satisfaction, and supporting sustainability goals. Logistics management is an essential part of supply chain management and is crucial in achieving operational efficiency, reducing costs, and boosting customer satisfaction.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 52

Locus

MAY 15, 2023

According to a study, 55% of consumers prefer to buy directly from brands, and a further 40% of shoppers say they will purchase from a D2C brand in the next five years. However, as the data suggests, more and more customers want to buy from brands directly and want them to solve any challenges that arise post-purchase.

Cost Reduction 52

Cost Reduction Procurement Solutions Strategy Supply Chain Planning Software 52

Locus

SEPTEMBER 19, 2023

However, the higher initial cost of these vehicles and a lack of charging infrastructure make the transition to EVs challenging. Although the upfront cost of an EV exceeds that of a diesel vehicle, over a span of 5-10 years, taking into account rising fuel costs and maintenance, EVs prove more economical.

Optimization Software 52

Optimization Software Cost Reduction Inventory Reduction Logistics Network Optimization Software 52

FreightWaves SONAR

JANUARY 4, 2021

With this SONAR index, freight parties who are interested in the cost to procure space on an ocean container on the spot market. It is expressed as an average price per 40-foot container (in US$). There is also a global price that is an average across all seven lanes. Drewry Global Container Port Throughput Index.

Freight 59

Freight Purchasing Skills Maritime Demo 59

Shipchain

SEPTEMBER 26, 2019

And ultimately, each additional step in the supply chain adds to the final cost, and diamonds already don’t come cheap. Additionally, the rate of fraud and theft in the jewelry business is exceptionally high, with Prableen Bajpai at Nasdaq reporting that “the cost of fraud to insurers tops $2.5 billion a year.” .

Industry 52

Industry Manufacturing Procurement Purchasing Skills Tracking and Tracing 52

Locus

MAY 25, 2022

Source: statista.com. But today, nothing can be more heartbreaking to a customer than a business breaking its delivery promise on their prized purchases. It gives them an experience of the product before purchasing. 64% of US consumers find fast shipping as the second most important criteria when they do online purchases.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52