Logistics Bureau

APRIL 4, 2022

So how can you be sure you’re getting the best freight rates possible? The answer is to benchmark your freight, of course. Freight Benchmarking: How to Do it Right. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool.

Negotiating Skills 82

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 82

WorkWave

APRIL 30, 2023

If you’re wondering how to become a handyman, the following steps will give you a better idea of how you can launch your career in the field service industry. In addition, some states require you to complete handyman courses to further your education. Do some research on how to become a handyman in your state.

How To 52

How To Purchasing Skills Procurement Solutions Tools 52

Ship Monk

JUNE 5, 2023

Anyone who owns an ecommerce brand has unwittingly been through a crash course in ecommerce logistics. Ecommerce returns are usually initiated by the customer for one reason or another, but the process of refunding the purchase price and recovering the goods is the responsibility of the ecommerce brand or retailer.

Reverse logistics 52

Reverse logistics eCommerce Logistics Network Optimization Software Supply Chain Planning Software 52

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.

Procurement Analytics 99

Procurement Analytics Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 99

Logistics Business Magazine

MARCH 17, 2022

In this piece, supply chain expert Laurent Colombant, Continuous Monitoring Solution Lead EMEA, at SAS , outlines how supply chain analytics will drive transformation as organisations strike the balance between continuity and survival on one hand, and risk management and fighting fraud on the other. Manual detection is futile.

Supply Chain Software 59

Supply Chain Software Supply Chains Procurement Analytics Procurement Solutions 59

Ship Monk

DECEMBER 15, 2023

billion, according to Adobe Analytics , up 7.5% Will consumers be reluctant to use credit cards for holiday purchases? For the first time, mobile purchases have overtaken desktop purchases. Shopify reports that sales were up 24% compared to last year, with 61 million consumers shopping globally this year.

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

GoShip Blog

FEBRUARY 5, 2024

The Cost of Goods Sold (COGS) defines the correlation between inventory and your business’s cash flow. When you procure inventory for your business, the capital used is your business’s cash outflow. The outflow encompasses all direct costs in producing goods, including materials and labor. How to calculate the cost of goods?

Inventory 52

Inventory Tips Procurement Analytics Purchasing Skills 52

Ship Monk

FEBRUARY 3, 2024

These people are genuinely interested in your product — so much so, that they have purchased your products. How to Track Performance The best way to track performance is to identify the KPIs (key performance indicators) that are important to you, and track them over time. Of course, what you say is just as important as how you say it.

eCommerce 84

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 84

GlobalTranz

MARCH 23, 2016

How to Breakthrough Lean Culture Plateaus. Leader standard work in order to create accountability within the team structure; Problem-solving thinking; how to align your organization so that the right problems are solved at the right level. Practices and learns how to apply Lean tools. Ask yourself, "Has the Lean team plateaued?

Manufacturing Procurement 54

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 54

Conger

JULY 20, 2020

Chapter 4: How to Pass Your Forklift Certification Test With Flying Colors. How to Decide If the ‘Operator’s Life’ Is Right for You. Chapter 6: How to Get a Job as a Forklift Driver. Part I: How to Get a Forklift License. Of course not. How to construct, transport, stack, and unstack loads.

How To 63

How To Buyer Training Training Course 63

Logistics Bureau

OCTOBER 20, 2021

These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.” ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

Logistics Bureau

MAY 30, 2022

In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. How accurate and effective is your demand planning?

Inventory Reduction 112

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 112

WorkWave

DECEMBER 22, 2020

Of course, owning your own business would result in greater profits for you as well as greater control of your schedule. Purchase tools. According to HomeAdvisor , a basic chimney cleaning by a chimney sweep will cost between $128 and $375, depending on the amount of cleaning required. Vacuum Systems. Protective equipment.

Procurement Solutions 52

Procurement Solutions How To Purchasing Skills Buyer Training 52

World Food Programme Logistics

FEBRUARY 10, 2020

Photo: WFP/ Martin Karimi Report by Peyvand Khorsandi, Sophie Smeulders and Tiziana Grassetti Today is World Pulses Day when the likes of beans, chickpeas, cowpeas, split peas and peas take a bow. one of the 51 countries from which the World Food Programme (WFP) procured 324,168 metric tons of pulses, worth US$ 187 million, last year.

Procurement Analytics 52

Procurement Analytics Food and Agriculture Optimal Sourcing Purchasing Skills 52

Ship Monk

AUGUST 30, 2023

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates. (You

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

Blue Grace Logistics

JULY 21, 2020

Understanding the nuances of your supply chain and how to improve upon it is the best way to achieve maximum savings, optimize efficiency, and manage customer expectations. The data and analytics gathered during the measure phase is instrumental to a proper understanding of your operations. Putting it into Action.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Cost Reduction Supply Chain Software 62

Logistics in War

JUNE 3, 2023

Sally Williamson is a serving Australian Army logistics officer and Art of War Scholar currently attending the United States Command and General Staff Officer Course. iv] US Defense Procurement and Acquisition, Defense Contingency Contracting Handbook Version 5 (Washington, DC: Government Publishing Office, 2017),94. [v] Latham, Jr.,

Military 76

Military Logistics Network Optimization Software Operations Logistics 76

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. Are Your Profit Margins Declining?

Negotiating Skills 89

Negotiating Skills Purchasing Skills Cost Reduction Analysis 89

Ship Monk

APRIL 4, 2023

Keep reading for the 411 on lost packages: why they happen, what they mean for your ecommerce business, and how to stave them off. Meanwhile, if a shipping label is incorrect (in terms of sender or receiver information), blurred, or even peeled slightly, an order can easily veer off course. Of course (see what we did there?)

Packaging 81

Packaging Tips eCommerce Inventory Reduction 81

The Lean Thinker

AUGUST 8, 2019

Just so you know my perspective: In the course of my work, I typically purchase between 10 and 20 thousand dollars worth of airfare a year. I know what to expect, can quickly distinguish “abnormal” from “normal” and know how to maneuver to get out in front of issues I see developing. Further, I know the system.

Procurement Analytics 186

Procurement Analytics Course How To Events 186

Ship Monk

SEPTEMBER 6, 2022

One of the most irksome tasks of owning an eCommerce business is keeping track of inventory—not just the number of units, but their costs. Of course there are eCommerce fulfillment software and inventory management systems that can do this for you, but every business owner should know the basics of inventory accounting methods.

Purchasing Skills 52

Purchasing Skills eCommerce Inventory Procurement Solutions 52

3PL Links

SEPTEMBER 5, 2016

Improving your warehouse and distribution process isn’t necessarily as easy as it might sound since any course of action needs to take into account variables such as your products, staffing levels, scheduling and third-party vendors. Mind Your Metrics. Get Employees Involved. Review and revise.

Tips 59

Tips Distribution Vendor Strategies Procurement Analytics 59

Logistics Bureau

APRIL 11, 2019

If you’re preparing to launch a new career in supply chain or logistics , it will help a lot to know how and where to look for a first job, which appointments can get you off the best start, and what qualifications will be most helpful in getting you into the profession. Source: Deloitte Report – The Future of Work.

Supply Chains 67

Supply Chains Security Purchasing Skills Scenario Planning 67

Ship Monk

DECEMBER 4, 2023

And that’s the average, so if your online store sells clothing, shoes or accessories (the most commonly returned online purchases ) expect your return rate to be much higher than that. Even if you don’t agree, you might glean a few tips on how to improve your own process. of total sales. Just hear us out!

Outsourcing 64

Outsourcing Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 64

GlobalTranz

APRIL 6, 2021

But the rapid shift from retail to online purchasing for staples and the surge for protective equipment, as well as unanticipated products like bread makers and home-schooling items, left many retailers flatfooted. For example, hand sanitizer sales spiked 313% during one week in February 2020, according to reports from Nielsen.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Software Supply Chains Manufacturing Procurement 75

GlobalTranz

JUNE 30, 2017

In other words, manufacturers need analytics from point-of-sale systems, transportation metrics and more. Essentially, this creates a stronger level of customer service, and it can turn into additional purchases. For example, a customer is a shoe store may purchase shoes, but if offered a new brand of socks, he or she refuses.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics After-sales Price Reduction 82

Logistics Bureau

NOVEMBER 6, 2023

Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. That can be a much faster method of reducing lighting costs than changing the type of lighting used and will require less investment to put into effect.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

Ship Monk

OCTOBER 10, 2023

That means consumers need to really do the research when making online purchase decisions, otherwise the risk for returns is strong. Of course there’s the part where orders come in and get picked, packed, and shipped. ShipMonk is a clear leader in this area, thanks to our fully-integrated 3PL post-purchase suite MonkProtect.

Procurement Solutions 64

Procurement Solutions Logistics Network Optimization Software Optimization Software eCommerce 64

Logistics Bureau

AUGUST 7, 2023

Standardise and Digitise The key to managing complexity, of course, is to be organised. Any shortfalls in the system will typically result in overselling, leading to stock-outs , and overstocking , which ties up working capital unnecessarily and can result in wasteful obsolescence issues.

Inventory Reduction 89

Inventory Reduction eCommerce Inventory Procurement Solutions 89

GlobalTranz

MAY 4, 2016

Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. Freight Management KPIs are undoubtedly the most important metrics to track and understand. Identifying ways to improve the system can be complicated.

Sourcing Strategies 60

Sourcing Strategies Freight Procurement Analytics Cost Reduction 60

United World Transporation

JUNE 25, 2020

According to industry experts, fuel purchases can account for approximately 25% of a trucking company’s operating expenses. So, any opportunities to increase fuel efficiency and save money are valued in the industry, and fuel purchase routing is a commonly used strategy by many long-haul truck drivers. What is fuel purchase routing?

Procurement Solutions 98

Procurement Solutions Purchasing Skills Procurement Analytics Purchasing 98

GlobalTranz

JUNE 21, 2018

To further complicate the process of freight scheduling, shippers must decide which LTL carrier to use, whether to purchase cargo insurance, consider the implications of shipping a package via parcel or small package considering advancing dimensional pricing models, and what exact type of full truckload would be necessary when consolidated.

How To 48

How To Modeling Software Logistics Network Optimization Software Purchasing Skills 48

247 Customs Broker

JANUARY 29, 2018

Last fall, Bloomberg reported that Amazon was working on a new delivery offering geared towards making more products available for free two-day delivery while helping to relieve overcrowded warehouses, with this initiative driving the global e-commerce power into services typically handled for Amazon by UPS and FedEx.

Material Savings 28

Material Savings Procurement Analytics Inventory Reduction Materials Handling 28

Trinity Logistics

OCTOBER 16, 2020

That does not mean one should not continue to improve logistics , but only that one should entertain greener ideas on how to do so. . Many companies report savings after adopting greener courses of action. Similarly, the cell phone industry sees many phones damaged within the first few weeks of purchase.

Material Savings 62

Material Savings Waste Reduction Cost Reduction Logistics Network Optimization Software 62

GlobalTranz

FEBRUARY 25, 2021

Customers expect to return products in the same way they purchased them, so it is not always as simple as just returning to a store. Shippers are faced with a variety of challenges: finding the right carriers for the specialized reverse logistics movements, managing costs and inventory, and delivering the desired customer experience.

Reverse logistics 84

Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

Logistics Viewpoints

MARCH 1, 2021

It was predictable. But in 2016, Philip Morris International decided to change the course of its history by leading a transformation in the tobacco industry to create a smoke-free future based on products, which while not risk-free—are a better choice for adult smokers than continuing to smoke. PMI was not an easy prospect.

Supply Chain Design Software 107

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 107

GlobalTranz

MAY 5, 2016

Ineffective logistics procedures can cost businesses through high trading and longer supply chains. Big data analytics, drone delivery and algorithm-based forecasting has helped improve accuracy, and as a result, the industry has thrived. Thanks to STEM education, accuracy of the supply chain flow has improved. With over 1.1

Logistics Network Optimization Software 61

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Industry 61