The Lean Thinker

JULY 2, 2024

Of course, a high stock price enriches those people who already own shares, and makes options and stock grants more valuable, but they didn’t get into that either. Those groups came back from their experience with an visceral understanding that the status-quo wasn’t going to cut it in the face of the then newly emerging Airbus.

Supply Chain Design Software 397

Supply Chain Design Software Price Reduction Supply Chain Planning Software Optimization Software 397

Logistics Bureau

OCTOBER 4, 2024

Horizontal integration has become the go-to value chain strategy over the last two or three decades, to the point where companies that insisted upon remaining vertical became the outliers in a global field of distributed organisations. This is a good example of how vertical integration does not always have to be achieved by asset ownership.

Supply Chain Planning Software 101

Supply Chain Planning Software Supply Chain Software Supply Chains Material Savings 101

Logistics Bureau

NOVEMBER 12, 2024

For example, your company’s objective might be to achieve maximum operational productivity, to improve customer service, or perhaps to minimise capital expenditure. For example, is an SKU typically ordered by the pallet, carton, split carton, or individual unit? Order and picking profiles should be examined too.

Modeling Software 86

Modeling Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 86

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 99

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 99

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 115

Cost Reduction Purchasing Skills Waste Reduction Material Savings 115

Logistics Bureau

NOVEMBER 28, 2024

Now before you write off my statements as something you already knew, here’s a fact you might not be so familiar with: For your last mile services to compete successfully, you need to ensure that your entire supply chain (or at least the parts you can reasonably control) is set up to support a winning last-mile strategy.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 98

Logistics Bureau

JUNE 5, 2023

There are ways and means to reduce excess expenditure in fleet operation , and you can separate them roughly into three categories. Consider Downsizing Your Fleet Reducing fleet size might be the most drastic option for cost reduction, but it’s also the one likely to deliver the most significant savings.

Cost Reduction 80

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 80

Logistics Bureau

MAY 31, 2021

Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve. Naturally, overall cost-to-serve will be higher for online than in-store sales due to the added expense involved in picking, packing, and delivering customers’ purchases.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

Logistics Bureau

NOVEMBER 11, 2024

That’s probably one of the first differences you’d notice between a warehouse of today and that of 25-plus years ago – and of course it’s down to technology. It’s the combination of various automated systems such as robotics, sensors and software to streamline warehouse operations, reduce labor costs and improve accuracy.

Supply Chain Software 113

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 113

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. Sins of Omission.

Expense Reduction 59

Expense Reduction Cost Reduction Price Reduction Strategy 59

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. Sins of Omission.

Expense Reduction 48

Expense Reduction Cost Reduction Price Reduction Strategy 48

Ship Monk

FEBRUARY 16, 2023

Meanwhile, if you pass the total buck (literally and figuratively) on to your customers and have them float the expense, you could also lose business because they aren’t happy paying more. Check out these six tips for reducing 2-Day shipping costs now! The answer: it is, and ShipMonk is here to show you how.

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

Logistics Bureau

NOVEMBER 30, 2024

Supply Chain Strategy You might expect that an article section on supply chain strategy would contain some pretty complicated concepts and ideas. If so, prepare to be surprised, because it doesn’t get any more basic than this: Your company must have a documented and commonly understood supply chain strategy. “What?”

Supply Chain Design Software 62

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

Logistics Bureau

OCTOBER 9, 2023

Transportation costs: Freight rates, fuel and labour costs, and other transportation expenses. Competitor intelligence: Distribution strategies and network designs of your competitors. Inventory turnover: Inventory turns for each SKU. Transportation options: Costs and lead times for each available transportation mode.

Supply Chain Design Software 101

Supply Chain Design Software Supply Chain Design Distribution Networks 101

Logistics Bureau

NOVEMBER 23, 2024

Conversely, of course, this also means there are a number of ways in which companies can get it wrong. Reducing inventory levels as far as possible makes your supply chain leaner and leaves you with less money tied up in stock. This doesn’t mean you have to invest in an expensive and over-complicated warehouse management system though.

Warehousing 90

Warehousing Inventory Reduction Cost Reduction Waste Reduction 90

ShipLilly

APRIL 7, 2021

For example, by the third week of February 2021, only 943 had been unloaded from ONE Apus. Then there is the option of booking expensive air freight that can make up for the time that has been lost. Insurance should be a matter of course and businesses should ensure that they are always up to date. Keeping Cargo Safe.

Cost Reduction 59

Cost Reduction Expense Reduction Inventory Reduction Resource Reduction 59

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

Trinity Logistics

SEPTEMBER 7, 2023

While these tips may not be possible for everyone or every shipment, hopefully, you’ll find one you can start implementing to reduce your freight costs. Freight that is dense and difficult to break is in a lower class, making it the least expensive. Reduce any empty space between cases or products on the pallet.

Negotiating Skills 102

Negotiating Skills Tips Cost Reduction Price Reduction 102

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. 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. What’s wrong with this picture?

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 130

Logistics Bureau

SEPTEMBER 20, 2022

For example, it either makes sense to outsource logistics activity to a 3PL, or it makes more sense to keep it in-house. By then, remediation could be highly disruptive—not to mention expensive. However, as that’s a bit of a mouthful, we’ll try to articulate it a little more clearly. In many cases, it doesn’t.

Outsourcing 109

Outsourcing Cost Reduction Resource Reduction Expense Reduction 109

Logistics Bureau

NOVEMBER 24, 2024

For example, while not unique to any one country, issues such as heat and high humidity must be allowed for in many aspects supply chain operation in a hot country (like Thailand, for example) warehouse design included. While it is possible to install air conditioning, the necessary systems are complex and very expensive to run.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Temperature 62

Now, That's Logistics

FEBRUARY 15, 2022

Indeed, industry analysts advise logistics managers to expect a steady escalation of rates and expenses,” Patrick Burnson writes. Damas goes on to say that ocean freight rates will not normalize until the systemic market disruptions in container shipping, caused by the pandemic, are significantly reduced. The good news?

Cost Reduction 78

Cost Reduction Capacity Trends Expense Reduction 78

Logistics Bureau

JANUARY 9, 2019

Of course, it is helpful to have some statistics on hand to validate the statement above. 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. Mini Case Study: Walmart.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

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

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 105

eCommerce Operations Inventory Reduction Modeling Software 105

Logistics Viewpoints

APRIL 27, 2023

For example, monthly subscription fees, any software support charges, and data migration fees. Analyze potential gains – WMS spending makes sense when you consider that an implementation can save your organization between 15% and 25% in inventory, provide almost 100% inventory accuracy, and reduce labor costs between 20% and 30%.

Supply Chain Planning Software 133

Supply Chain Planning Software Modeling Software Logistics Network Optimization Software Supply Chain Software 133

Stord

NOVEMBER 30, 2022

With Stord Parcel , brands can optimize the delivery service level for each package based on customer expectations, historical delivery performance, distance from the origin address to the destination, and, of course, cost. Services or features referenced are provided for example only and specific results are not guaranteed.

Optimization Software 60

Optimization Software Optimization Modeling Optimization Negotiating Skills 60

Logistics Business Magazine

OCTOBER 9, 2023

That in turn can assist with the next topic, that of efficient order picking, which of course has its own pathing and routeing issues. AI will be able to improve the choice and operation of picking strategies – and the optimum may differ according to the type of goods, or even the time of day.

Warehousing 57

Warehousing Sourcing Strategies Supply Chain Planning Software Resource Reduction 57

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 Viewpoints

FEBRUARY 16, 2022

Of course, Amazon is investing heavily in its infrastructure and working toward market share gains, likely in detriment to earnings. Nike’s 2020 earnings are another example of costly e-commerce operations’ impact on the bottom line. Instead, let’s address the other big expense – warehousing and fulfillment costs.

Operations 150

Operations Cost Reduction Vendor Strategies Price Reduction 150

Logistics Viewpoints

JUNE 10, 2021

Leveraging different models of thinking, representing key metrics using data aggregation, exposing real anomalies, and recommending a course of action based on operating models will make businesses smarter. To fully understand our strategy, it is important to understand the differentiation between autonomous and automated.

Supply Chain Planning Software 106

Supply Chain Planning Software Modeling Software Optimization Software Logistics Network Optimization Software 106

Logistics Viewpoints

FEBRUARY 25, 2022

I thought I understood all the major supply chain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and Supply Chain Strategy beyond Covid-19. Now of course, companies must map out the potential impacts of the Russia Ukraine war. shale or Iran, for example.

Price Reduction 134

Price Reduction Supply Chain Planning Software Expense Reduction Logistics Network Optimization Software 134

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 63

Inventory Reduction Cost Reduction Expense Reduction eCommerce 63

UL EHS- Sustainability

OCTOBER 31, 2019

But the most successful learning and development teams also understand how to measure the success of each training course and react accordingly. The best training strategy in the world can’t fix operational issues. Evaluate existing and new training options that eliminate the knowledge or skill gaps 5.

Buyer Training 40

Buyer Training Optimal Sourcing Expense Reduction Cost Reduction 40

Logistics Bureau

MAY 8, 2023

If your company has yet to go through such a process, you’re at risk of missing a golden opportunity to reduce logistics costs and improve service with outsourced freight management. That’s not to say outsourcing will be suitable for every company.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

Logistics Business Magazine

FEBRUARY 7, 2023

From a feasibility point of view however, cold storage is substantially more complicated and more expensive than dry storage because of the regulations around refrigerated freight. It is also advisable to get an independent audit by a consultant or insurer as this will help ensure any fire strategy for your cold storage facility is robust.

Material Savings 56

Material Savings Waste Reduction Expense Reduction Cost Reduction 56

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