Blue Grace Logistics

MARCH 17, 2022

High priced diesel fuel impacts the total cost of transportation through fuel surcharges. How to help manage overall transportation costs. How high diesel prices may change future freight procurement strategies. How high diesel prices may change future freight procurement strategies.

Cost Reduction 62

Cost Reduction Price Reduction Expense Reduction Waste Reduction 62

CLX Logistics

JULY 13, 2020

What you really need to understand and be able to communicate to management is where you should be and how to get there. So, first thing, hire a benchmarking service to provide you with the data you need. Be diligent about selecting a benchmarking service that knows and understands your freight, and has a large pool of current data.

Cost Reduction 40

Cost Reduction Vendor Strategies Price Reduction Strategy 40

Dedola Global Logistics

DECEMBER 16, 2019

How To Reduce Soft Costs in Shipping. An experienced forwarder or third-party logistics company (3PL) can help you improve your bottom line by reducing your soft costs in addition to saving you money on hard costs. . For instance, things like fuel prices, hourly wages for employees, and materials are some hard costs.

Cost Reduction 52

Cost Reduction Negotiating Skills Material Savings Resource Reduction 52

FourKites

DECEMBER 11, 2020

We’ll list some examples of inventory risks below, but generally speaking, inventory risk cost can be assessed as the probability of any event occurring which can damage or cause you to lose your investment in that inventory, coupled with the total value of potential lost goods. Examples of inventory carrying costs. Opportunity Costs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Resource Reduction 52

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

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 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

Logistics Business Magazine

AUGUST 31, 2023

This article by SHIPSTA addresses six of the most common challenges that can surface in peak shipping season, while providing solutions on how to best address them. Running tenders, launching RFQs, analysing the outcomes and going through a truly data-driven decision process, can now become a matter of minutes instead of weeks.

Optimal Sourcing 53

Optimal Sourcing Negotiating Skills Sourcing Strategies How To 53

GlobalTranz

APRIL 20, 2021

Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. This strategy requires greater investment and inventory carrying costs but enables continued production.

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

Freightos

AUGUST 14, 2023

In one example, an employee of Varda, a SpaceX-like company, began to publicly attempt to replicate the study and had over 10,000 people tuning in to watch a live stream of rocks in a furnace. We’ve been here before with Blockchain and Tradelens, which launched in 2018 and was done by the end of Q1 2023 – a good example of hype waves.

Price Reduction 99

Price Reduction Logistics Network Optimization Software Material Savings Supply Chain Software 99

Logistics Viewpoints

DECEMBER 7, 2021

Carrier capacity management strategies ease the crunch. Proactive shippers have used multi-carrier parcel shipping technologies and strategies to navigate rising carrier costs for years. Multi-carrier shipping strategies also need rules in place related to delivery time requirements, special conditions (hazmat, refrigeration, etc.),

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Price Reduction Cost Reduction Inventory Reduction Capacity 114

Ship Monk

FEBRUARY 24, 2024

How much are you spending on manufacturing, shipping, marketing, customer support, logistics services, and order fulfillment services? You never want to cut corners on these, or any, crucial areas of your ecommerce brand. For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client.

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eCommerce Inventory Reduction Tips Waste Reduction 88

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well.

Inventory Reduction 65

Inventory Reduction Cost Reduction Waste Reduction Vendor Strategies 65

Logistics Bureau

NOVEMBER 8, 2021

If yours is not one of those businesses, and you’re confident in your KPI suite and the relevance of the data it provides, congratulations! Supply chain management objectives can encompass several success factors, including cost reduction, supply chain speed, efficiency, and service improvement. Conflicting KPIs: A Brief Example.

Supply Chain Software 81

Supply Chain Software Supply Chains Scenario Planning Cost Reduction 81

Logistics Viewpoints

APRIL 27, 2023

When you begin researching Warehouse Management System ( WMS ) software, you’re probably running into some difficulties in the budgeting process because pricing is not always readily available. Calculate software costs – Consider the price of the software solution. SaaS or cloud will also influence this pricing.

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Supply Chain Planning Software Modeling Software Logistics Network Optimization Software Supply Chain Software 121

SYSPRO Smarter ERP

DECEMBER 19, 2022

They have become applicable because the large amount of data they require is now created and stored by businesses, thanks to advances in computer technology. It uses historical data and applies statistical techniques to allocate resources in the most effective way to satisfy competing requirements. Inventory optimization.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

Conger

JANUARY 17, 2023

Because in this ultimate guide, you'll learn everything you need to know about the 5S warehouse system, including: What warehouse 5S is The 8 key benefits of 5S-ing your warehouse How to easily implement a warehouse 5S protocol And lots more! Some common sorting strategies include: General cleaning of an area. Let's dive in!

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 52

SYSPRO Smarter ERP

DECEMBER 19, 2022

They have become applicable because the large amount of data they require is now created and stored by businesses, thanks to advances in computer technology. It uses historical data and applies statistical techniques to allocate resources in the most effective way to satisfy competing requirements. Inventory optimization.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

3PL Links

DECEMBER 28, 2023

The system eliminates middlemen and streamlines the freight booking process by automatically matching truck drivers with available loads through the use of algorithms. The primary logistics trends for 2024 are shown below, along with examples of how some of the industry’s top businesses are already incorporating them into their plans.

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Supply Chain Planning Software Supply Chain Software Sourcing Strategies Trends 48

Turvo

JULY 20, 2021

According to Supply Chain 24/7 , “Exception management means knowing how to respond when to respond, and the best way to respond, to eliminate the risk of disruption, and handle adverse events. Collaborative Shipping Exception Management Depends on Real-Time Data, End-to-End Transparency, and Context.

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Collaboration Handling Supply Chain Planning Software Inventory Reduction 97

GlobalTranz

NOVEMBER 19, 2015

Today we continue our long series and look at teaching shippers how to remain strategic when it comes to logistics and their transportation management program. 6 Benefits of Applying Useable Data in Logistics For Continuous Improvement. The Use of Data to Create a Successful Transportation Management Program.

Data 77

Data Sourcing Strategies Optimal Sourcing Transportation 77

Automotive Logistics

FEBRUARY 8, 2019

This move to battery-electric driven vehicles will require new supply chain solutions and innovation, says Gilder, but the sector is still nervous about how to deal with the unknown, including battery logistics, and there are new players entering the market. Transformation strategy. The strategy has already had tangible results.

Cost Reduction 28

Cost Reduction Waste Reduction Expense Reduction Inventory Reduction 28

GoShip Blog

JULY 19, 2022

For example, you can remotely supervise the shipment flow to detect bottlenecks and implement this information for future improvements. By connecting road mapping software to the TMS, you’ll receive real-time shipping data complemented with analytics. In addition, the TMS will store all the data so that you can access it anytime.

Optimization Software 52

Optimization Software Supply Chain Planning Software Logistics Network Optimization Software Optimization 52

Blue Grace Logistics

JULY 27, 2021

Improving predictability in outcomes is valuable, but ensuring your supply chain is nimble enough to act on the data is even more so. We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. Concept of Predictive Analytics.

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Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

Logistics Business Magazine

DECEMBER 16, 2021

His analysis is based on conversations and data from Setlog customers who use the SCM tool OSCA, e.g. more than 100 brands in the fashion industry alone. Companies are increasingly considering how to implement circular economy strategies so that fewer products need to be destroyed. New legislation is driving the pace.

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Supply Chain Planning Software Supply Chain Software Modeling Software Optimization Software 53

SYSPRO Smarter ERP

NOVEMBER 30, 2021

An enterprise resource planning (ERP) system can automate and provide a systematic approach to creating a forecast from historical data. It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Stay Agile, Get Ahead.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

Parade

APRIL 22, 2019

For example, earlier this year, Redwood Logistics bought Strive Logistics, and combined, they now have over $1 Billion in freight under management. Because digital brokerages collect data that allows them to predict what loads and opportunities truck drivers will accept. big disruption in the freight brokerage industry is coming.

Security 68

Security Vendor Strategies Freight Industry 68

Ship Monk

DECEMBER 30, 2020

Slightly inflate the prices of your products so that they cover part of the shipping, while still technically keeping shipping free. For example, your shipping rate could be $5 for orders within 50 miles of your warehouse, $10 for 100 miles, and so on and so forth. No guesswork needed! Shoot us a line. We’d love to hear from you!

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How To Cost Reduction Purchasing Skills eCommerce 64

Bringg

MARCH 24, 2021

Packages are getting delayed, shipping carriers have raised prices, and businesses – whether suppliers, wholesalers, or retailers – all feel the burden on their end of the supply chain process. To meet the new demand, companies will have to adjust their operations for greater efficiency, flexibility, and cost reduction.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

Trinity Logistics

JANUARY 19, 2024

Businesses constantly seek innovative solutions for their supply chains to streamline operations, reduce costs, and enhance customer experience. I’m going to answer that question for you as well as offer some practical insights into how you should be implementing Generative AI in your supply chain. But can it do just that?

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Supply Chain Software Logistics Network Optimization Software Modeling Software Supply Chains 116

Ship Monk

AUGUST 22, 2022

Whether you do or you don’t, this blog can help finetune your understanding of what SKUs can be utilized for, how to use them to grow your business , and best practices for this crucial part of inventory management. SKUs provide sellers and the 3PL fulfillment centers that they work with invaluable data about sales and inventory management.

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

EazyStock

APRIL 18, 2023

Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. In 2022, inflation rates peaked at 9.1%

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

EazyStock

FEBRUARY 1, 2021

trillion by 2023 , indicating a need for more robust online sales strategies. For businesses to succeed in eCommerce they must ensure they have an effective eCommerce supply chain strategy. Here are ways you can optimize your inventory management practices for eCommerce competitiveness: How to Manage eCommerce Inventory.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

Blue Grace Logistics

NOVEMBER 28, 2023

Growers, shippers, and retailers with advanced supply chain strategies are earning consumer loyalty, thanks in part to the supply chain professionals who plan, execute, and adapt to the challenges posed by fresh produce. A perfect example of how the transitional seasons demand the produce supply chain is built to be nimble and adaptable.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Supply Chains Waste Reduction 62

ShipLilly

OCTOBER 14, 2021

26, according to shipping data compiled by Bloomberg. For example, when a port is shut down, flights are often cancelled as well. This is the time to develop and finesse a strategy for managing the hurricane season. Developing a strategy for the hurricane season. The most severe hurricanes can cause a costly standstill.

Vendor Strategies 84

Vendor Strategies Resource Reduction Price Reduction Cost Reduction 84

Trinity Logistics

MAY 9, 2022

So, let’s dive into each of these markets so you can better determine your business’s strategy. HOW TO TRACK RATES IN THE SPOT MARKET? HOW CONTRACT AGREEMENTS ARE SET WHO IS THE SPOT MARKET BEST FOR? TECHNOLOGY NEEDED FOR RFPS NEED HELP WITH YOUR STRATEGY FOR COMPETITIVE SHIPPING FREIGHT RATES? WHAT IS THE SPOT MARKET?

Freight 84

Freight Price Reduction Supply Chain Planning Software Logistics Network Optimization Software 84

Logistics Bureau

AUGUST 7, 2023

Simply put, there is no more effective way to ensure accurate ecommerce inventory control than to invest in IM software that can integrate with all your sales channels to provide real-time visibility, centralise inventory data, and automate stock updates. BOOK NOW Need help with demand forecasting accuracy? Book a free consultation.

Inventory Reduction 89

Inventory Reduction eCommerce Inventory Procurement Solutions 89

EazyStock

MAY 24, 2022

This post, however, will focus on the financial aspect of inventory: inventory value – taking an accountant’s view of how to manage stock effectively. Inventory value shows how much unsold inventory is worth at the end of a company’s accounting period. Inventory value will change over time – usually reducing.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Purchasing Skills 52