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

FreightWaves SONAR

MARCH 5, 2021

That’s why the only way to figure out a real commission plan rests with knowledgeable sales. Managers will need to train carrier sales teams to understand the importance of using the correct carrier at the right time, and they must be able to negotiate effectively in order to maintain recurring revenue.

Negotiating Skills 98

Negotiating Skills Modeling Software Sourcing Strategies Logistics Network Optimization Software 98

Blue Grace Logistics

SEPTEMBER 28, 2021

What This Blog Is About: Shipper’s top concerns for their supply chain. The opportunity cost of choosing the wrong mode of transportation. All things considered, 78% of shippers were concerned with reducing shipping costs in general. Analyzing Transportation Mode Opportunity Cost.

Negotiating Skills 110

Negotiating Skills Cost Reduction Supply Chain Planning Software Capacity 110

FreightWaves SONAR

APRIL 25, 2023

When operating minibids or short-term RFPs, or when pricing individual loads, it is important to understand the directional movement of freight trends in order to be proactive in your pricing strategy. Careful planning, negotiation and execution are key to securing capacity and optimizing supply chain operations.

Negotiating Skills 52

Negotiating Skills Price Reduction Supply Chain Planning Software Outbound 52

FreightWaves SONAR

MARCH 26, 2024

Take, for example, the market of Twin Falls, Idaho in comparison to Lakeland, Florida. Users of SONAR are then able to use the most up-to-date market data to react with pricing and capacity strategies faster to strengthen negotiations, compliance and relationships. This can be seen in a list or map view form.

Supply Chain Planning Software 52

Supply Chain Planning Software Negotiating Skills Data Scenario Planning 52

GoShip Blog

OCTOBER 13, 2020

Regardless of the shipping method, you are using right now, truckload shipping can be a great way to optimize your transportation strategy. Regardless of the shipping method, you are using right now, truckload shipping can be a great way to optimize your transportation strategy. Negotiable rates. Faster transit times.

Negotiating Skills 98

Negotiating Skills Price Reduction Cost Reduction Freight 98

GoShip Blog

JULY 18, 2022

Freight costs have a substantial effect on profitability and overall business growth. Learn how to optimize these costs to keep your supply chain running smoothly without paying exorbitant amounts for shipping. How freight costs impact your business. Ways you can optimize your freight costs. Reduce shipping frequency.

Optimization Software 52

Optimization Software Cost Reduction Negotiating Skills Purchasing Skills 52

Freightos

MARCH 27, 2024

Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. But this effective adjustment is only possible due to the state of overcapacity in the market that prevailed just before the diversions and will likely return once they end.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Modeling Software Optimization Software Negotiating Skills 90

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. 1 As the ability to strategize bidding continues to improve and keep shippers competitive, that number will continue to grow.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

Logistics Bureau

MAY 8, 2023

I’m talking about enterprises that leave their interactions with freight carriers to one or two people with little or no logistics knowledge or experience because freight and logistics are not core competencies. The answer is that the approach could cost your company vast sums of money in unnecessary logistics costs.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. The blending of both new and existing resources supports transparency and offers financial and strategic advantages to shippers and the solutions provided through the logistics transportation service. . Learn More.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Optimal Sourcing Optimization Software Modeling Software 123

GoShip Blog

FEBRUARY 14, 2023

Less-than-truckload (LTL) shipping offers a cost-effective approach to transporting packages along your supply chain. Examples include missing freight, delivery delays, damaged products, hidden charges, ambiguous documentation, poor contract terms, and limited carrier networks.

Negotiating Skills 52

Negotiating Skills Material Savings Cost Reduction Price Reduction 52

GlobalTranz

OCTOBER 13, 2015

Or are you a Logistics Manager curious about what it costs to become a freight broker either because you want to know that whom you are working with has done all the right things (you know, since they'll be managing your freight) or because you yourself may want to be a freight broker? The Cost to Be a Freight Broker. Licensing Costs.

Negotiating Skills 109

Negotiating Skills Cost Reduction Price Reduction Freight 109

3PL Links

DECEMBER 2, 2022

Given that it is a subject that every businessperson should be knowledgeable about, it is a crucial logistics function in the supply chain. Strategies for efficient inbound logistics that you can use in your business. Cost savings through supplier negotiations. Inbound Logistics Strategies.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

Supply Chain Planning Software 115

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

Freightos

OCTOBER 31, 2023

Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. More Resources Home Bridging Two Realms: The Digital-Analog Dance in Logistics Ian Arroyo Unbox your Freight knowledge. So we can’t just herald the digital era without embracing the historical analog functions.

Digital 71

Digital Logistics Network Optimization Software Negotiating Skills Price Reduction 71

Locus

DECEMBER 7, 2021

A prime example is how governments in the Middle East have begun to rethink food security targets after the disruptions to their food supply chains. Presently, their major focus lies on local production, warehousing and strategic sourcing. Oil price fluctuations. How do businesses enable strategic sourcing?

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

SYSPRO Smarter ERP

JANUARY 12, 2022

With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges. They have a contract with a supplier who delivers on time, and who charges acceptable prices.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

FreightWaves SONAR

APRIL 23, 2021

When companies lack visibility into emissions, preventable challenges arise that cost shippers revenue and affect the environment. Understanding emissions data allows optimal planning and strategies for shipment execution, which in turn provides solutions to wasted cargo space and provides the most efficient transportation mode for the job.

Waste Reduction 52

Waste Reduction Cost Reduction Negotiating Skills Sourcing Strategies 52

FreightWaves SONAR

FEBRUARY 17, 2021

Mobile devices have proven optimal for implementing innovative strategies, connecting freight loads with other equipment and assets , and more. For example, any redundant process needs current data, which provides shippers with several benefits. This insight allows them to enter negotiations with a clearer understanding of the market.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Negotiating Skills Negotiate Pricing 98

Logistics Bureau

JULY 10, 2023

Nevertheless, because other business functions must be up and running first, you may have postponed the strategy for accessing those services until later on. You will still need a hand on the tiller to define logistics strategy, manage the relationship with the 3PL provider , and monitor performance.

3PL 53

3PL Logistics Network Optimization Software Negotiating Skills Inventory Reduction 53

Parade

MARCH 18, 2021

In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. As a freight brokerage, you live and die by your pricing. Pinpoint Market Rates.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

Parade

MARCH 18, 2021

In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. As a freight brokerage, you live and die by your pricing. Pinpoint Market Rates.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

Parade

MARCH 18, 2021

In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. As a freight brokerage, you live and die by your pricing. Pinpoint Market Rates.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

FreightWaves SONAR

MARCH 15, 2021

It can also show how a user’s targeted benchmark rate compares to the industry, the overall market, peers and at a pricing level. Additional implications include RFP strategy, knowing when to onboard new carriers, new lanes, hire more drivers or plan next distribution center sites. .

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Ship Monk

AUGUST 28, 2023

Let’s take a look at the different types of ecommerce business models out there, with some examples of each. In most cases, your business model will spring naturally from your product(s), the type of customer you’re targeting, and your pricing strategy. When you know these three things, you’ll have your business model.

Modeling Software 52

Modeling Software eCommerce Modeling Manufacturing Procurement 52

Logistics Bureau

JULY 25, 2022

As part of our ongoing commitment to keep our blog readers updated on what’s happening in the supply chain and logistics world, we’re launching a regular industry news roundup, which we’ll release periodically. Rapidly rising fuel prices will bring about even more widespread supply chain disruption.

Supply Chain Design Software 104

Supply Chain Design Software Supply Chain Design Supply Chains Scenario Planning 104

CLX Logistics

APRIL 26, 2023

A 3PL manages specific areas of the supply chain for a chemical shipper, for example, the chemical freight company that handles transportation. They have established industry connections and resources that can reduce costs and enhance efficiency. 4PLs, on the other hand, optimize your supply chain and provide long-term strategies.

4PL 52

4PL Optimal Sourcing 3PL Supply Chain Design Software 52

GlobalTranz

JANUARY 4, 2017

In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider. This two-part blog series will take you thru the RFP questions along with the answers you'd expect to see from the 3PL. Are new cost Savings methods being investigated?

Negotiating Skills 77

Negotiating Skills Cost Reduction Scenario Planning Inventory Reduction 77

Ship Monk

JANUARY 20, 2023

Welcome back to the ultimate guide for enhancing your ecommerce knowledge! Businesses set MOQs when their costs are so high or their margins are so low on a particular product that they would lose money or see nominal profits producing or selling one unit at a time. It’s all about maintaining profitability. Product Level MOQ 2.)

eCommerce 52

eCommerce Inventory Reduction Material Savings Manufacturing Procurement 52

FreightWaves SONAR

MARCH 22, 2021

And as reported by Supply Chain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.” The challenges and setbacks caused by lagging data.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

Logistics Bureau

NOVEMBER 4, 2019

This speculative post explores the difference between B2B and B2C freight pricing. Should they offer tiered freight-price options like those enjoyed by consumers, and what stops them from doing so? Tiered Freight Pricing in B2C Markets. Pricing calculations can be based on: Distance traveled. Trucking lanes used.

Purchasing Skills 48

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 48

Logistics Bureau

SEPTEMBER 20, 2022

If you follow our blog, you’ll know that we often post articles about logistics outsourcing. For example, it either makes sense to outsource logistics activity to a 3PL, or it makes more sense to keep it in-house. When Cost is Not an Appropriate Reason to Insource or Outsource.

Outsourcing 98

Outsourcing Cost Reduction Resource Reduction Expense Reduction 98

FreightWaves SONAR

APRIL 29, 2021

That has also increased the pressure on retailers to keep other freight and logistics costs low with more capital and expense being dedicated to the development of new omnichannel strategies. . Using SONAR data in contract negotiations with carriers and 3PLs. . Inflation in the prices of goods. Inflation in freight costs.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

GoShip Blog

DECEMBER 3, 2023

This blog post will discuss vendor compliance and why it is crucial for retailers. The establishment of these programs also allows retailers to keep track of order delivery times and accuracy while also controlling costs. In the dynamic supply chains of the retail industry, any disruptions lead to frustrated customers and lost costs.

Vendor Strategies 52

Vendor Strategies Compliance Cost Reduction Inventory Reduction 52

247 Customs Broker

MARCH 26, 2018

Our rates are going up and the carriers are completely unwilling to negotiate with us—where did we go wrong?”. Because they are transactionally focused when they should be taking a strategic approach. In this market, your carriers know that they don’t have to “negotiate” with you. Don’t like our rates?

Optimal Sourcing 28

Optimal Sourcing Sourcing Strategies Negotiating Skills Negotiate Pricing 28

EazyStock

MAY 28, 2019

Today, Amex Auto Spares’ local procurement staff spend considerably more time negotiating best pricing with suppliers rather than trying to figure out what to buy! For example, using Excel to manually calculate buffer stock levels and re-order quantities. How do tasks change when you implement automation solutions?

Automation 49

Automation Negotiating Skills Modeling Software Procurement Solutions 49