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7 Ways Retailers Can Reduce Delivery Costs

Locus

But here’s the kicker for retailers: amidst all this chaos, they’ve got to keep their delivery costs lean without compromising on giving customers a smooth and enjoyable experience. This situation demands not just managing costs but also turning the returns process into a positive touchpoint with customers.

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Digital Compressed Air Monitoring Cuts Costs

Logistics Business Magazine

SICK has unveiled a pioneering compressed air monitoring system that accurately predicts where significant energy cost-savings can be made by fixing air leaks and removing wastage across entire logistics facilities. They can make their production processes more sustainable, for example by reducing their CO2 consumption.

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5 Inventory Reduction Strategies to Drive Cost Savings

EazyStock

However, holding too much can have a number of negative implications, such as high carrying costs , over-investment in stock and poor cash flow. So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction?

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Capitalizing on ERP trends in 2024

SYSPRO Smarter ERP

ERP trends 2024 – achieving business success through the use of innovative technologies Now that Artificial Intelligence and Machine Learning are firmly established, we expect to see a massive take-up of these technologies by manufacturers in 2024. The other emerging area around AI in ERP focuses on trend analysis and forecasting.

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Navigating the Future: CLX Logistics’ Data-Driven Supply Chain Wisdom

CLX Logistics

The podcast, titled “Navigating the Future: Data-Driven Supply Chain,” served as a platform for CLX Logistics to underscore the pivotal role of data in shaping the future of supply chain operations. The podcast also champions collaboration as a cornerstone for success in supply chain endeavors.

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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

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Transportation Cost and Capacity Trends

Now, That's Logistics

“Challenges of securing ocean capacity amid current logjams and prospects of hugely inflated ocean freight costs in 2022 are forcing logistics buyers to consider radical options,” Drewry’s Philip Damas told Logistics Management. And that means higher rates across the board. Strategic Maneuvering.