FreightWaves SONAR

NOVEMBER 9, 2020

This week, learn how freight market participants, especially trucking carriers , rely on both the Ultra-Low Sulfur Diesel Rack (ULSDR) data index and the FUELS index to measure diesel fuel price volatility and to understand its impact on their operations and the freight market at large. What are the ULSDR data and FUELS indices?

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 52

Chronicled

FEBRUARY 8, 2021

Group Purchasing Organizations (GPOs) offer enormous benefits to the healthcare industry by providing efficiency and cost reduction to healthcare providers. However, the group purchasing market in the United States is extremely competitive. 100) and the discounted contract price (ex. $60), 40 : $100?—?$60),

Purchasing Skills 52

Purchasing Skills Price Reduction Negotiating Skills Manufacturing Procurement 52

Logistics Business Magazine

SEPTEMBER 13, 2022

Neil Adcock, Managing Director at Bis Henderson Consulting , reveals how to unlock the value hidden in returns data. The challenge of handling returns is only likely to grow, as are the costs. Estimates vary, but a typical finding is that returns are costing retailers 21% of order value. Getting hold of the data.

Data 55

Data Cost Reduction Purchasing Skills Sourcing Strategies 55

Locus

MARCH 27, 2024

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.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

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

Logistics Business Magazine

DECEMBER 8, 2022

Additionally, the always present issues of shortage of skilled labour, supply chain disruptions and cost pressure also prove difficult. His statements are based not only on numerous conversations with economic experts and scientists, but also on data from Setlog customers who use the SCM tool OSCA. foreign workers.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Purchasing Skills 62

Ship Monk

FEBRUARY 16, 2023

Offering the preferred, faster 2-Day shipping option could eat away at your profit if you support the cost entirely. Over 50% of online shoppers stated they’d abandoned baskets at some point due to delivery costs. So the question becomes: is it possible to offer 2-Day shipping at an affordable price?

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

Logistics Viewpoints

FEBRUARY 5, 2024

Russell Zuppo, a vice president for consulting services at Uber Freight, reports that in their customer base, Walmart suppliers are currently paying 0.16% of the cost of goods sold in fines to Walmart. The fines, Uber Freight reports, vary by the costs of the products being sold to Walmart. It is clearly not an easy problem to solve.

Supply Chain Design Software 146

Supply Chain Design Software Supply Chain Planning Software Procurement Analytics Purchasing Skills 146

Conger

FEBRUARY 8, 2024

Refurbishing equipment is a mix of cost savings, equipment availability (whether new or used), and the ability to refurbish equipment, considering component availability. Cost Savings Cost savings is an obvious benefit of refurbishing equipment. Refurbishing can save as much as half of the cost of a new machine.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52

Conger

FEBRUARY 8, 2024

Refurbishing equipment is a mix of cost savings, equipment availability (whether new or used), and the ability to refurbish equipment, considering component availability. Cost Savings Cost savings is an obvious benefit of refurbishing equipment. Refurbishing can save as much as half of the cost of a new machine.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52

Conger

FEBRUARY 8, 2024

Refurbishing equipment is a mix of cost savings, equipment availability (whether new or used), and the ability to refurbish equipment, considering component availability. Cost Savings Cost savings is an obvious benefit of refurbishing equipment. Refurbishing can save as much as half of the cost of a new machine.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52

Logistics Business Magazine

NOVEMBER 24, 2023

Things are changing in supply chain management: while cost-cutting has been at the top of the agenda for many executives for years, in future they will be increasingly concerned with the shortage of skilled workers, sustainability and resilience. Skilled labour shortage forces action 2. ERP silos are being dismantled 7.

Supply Chain Planning Software 57

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Optimization Software 57

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. This leads to lower inventory carrying costs and thus better case flow. Other external data, like industry data or economic data, is used for other types of forecasts.

Supply Chain Planning Software 113

Supply Chain Planning Software Scenario Planning Optimal Sourcing Supply Chain Software 113

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Negotiating Skills 82

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

FreightWaves SONAR

JUNE 5, 2023

Lack of data, lack of conviction and lack of organizational agility all conspire to keep companies from recognizing medium-term opportunities and challenges and responding decisively. It’s hard to find good data that provides a view into the next few months of consumer behavior and economic activity.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Data Freight 52

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. It may sound tempting to force your customers into purchasing in larger quantities, but is it the best way to grow your business? If a customer can’t or won’t order the minimum quantity, they’ll either have to shop elsewhere or negotiate with the supplier.

Purchasing Skills 87

Purchasing Skills eCommerce Ordering Negotiating Skills 87

Parade

JANUARY 20, 2022

That’s not to say that it doesn’t take time to get to the point where you can use a purchased software in operations; it takes time to implement, integrate, test, and train staff to work with new programs. With software, that overrun can be costly, , according to McKinsey. In-house builds have no such luxury.

Procurement Solutions 78

Procurement Solutions Supply Chain Software Purchasing Skills Purchasing 78

The Logistics of Logistics

MAY 12, 2021

Costco example: they sell different brands and market their brand Kirkland, which now accounts for approximately 25% of their revenue. For retailers, this is an avenue where they can build more intimacy with their customers and capture more data and loyalty. Competitive pricing and good quality. So, what is Costco?

Supply Chain Software 368

Supply Chain Software Logistics Network Optimization Software Procurement Solutions eCommerce 368

FreightWaves SONAR

JANUARY 5, 2021

Operational costs continue to increase for carriers year to year. Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Freight data reduces dwell time and load time. Operating Ratio.

Cost Reduction 106

Cost Reduction Waste Reduction Expense Reduction Price Reduction 106

FreightWaves SONAR

MARCH 3, 2021

Once started, this circular process created a flywheel where projects were in flight at every stage, and injecting resources at any stage would have a positive impact on speed, cost, complexity, and efficiency. Let me share an example. Doesn’t matter the cost because a good experience would keep her loyalty.

Supply Chain Software 90

Supply Chain Software Supply Chains Data Optimization Software 90

Logistics Viewpoints

SEPTEMBER 20, 2022

Our lives became more interesting with the onset pandemic, followed by labor shortages, the Russian invasion of Ukraine, rising oil prices, and the oncoming recession. In this blog, I’ll try to shed more light on it with examples from our work with our customers. Think of the Lego as the ultimate example of a composable toy.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Scenario Planning Optimization Software 116

Logistics Viewpoints

MAY 23, 2022

These disruptions have driven up prices and led to shortages of goods. The devices will improve visibility by transmitting data on a real-time basis from each container. Machine learning and artificial intelligence, have a voracious appetite for data,” Mr. Dowse went on to say. It has so many data points.”.

Supply Chain Planning Software 129

Supply Chain Planning Software Optimal Sourcing Supply Chains Procurement Solutions 129

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. The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Getting Started in Supply Chain.

Supply Chain Planning Software 115

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

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Despite record layoffs in many industries, Canadian manufacturers face a skills shortage in key positions in operations and across the supply chain. All of the above pressures culminate in rising operational costs – from ?labor, Talent gaps: ? One of the key drivers is the aging workforce leaving for retirement. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

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

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. Customer relationship management systems collect and centralize all the important data about a business’ customers (and potential customers). With most ecommerce businesses, however, the sales pipeline isn’t nearly as long or as hands-on.

Optimization Software 95

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 95

ShipLilly

OCTOBER 26, 2021

It then becomes a sellers’ market where transport costs continue to rise as ship operators leverage their superior position. It brought a standstill to some operations and many staff members in the shipping industry were affected as purchasing patterns changed. Reality of escalating transportation costs.

Cost Reduction 98

Cost Reduction Purchasing Skills Inventory Reduction Transportation 98

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. For example, go to the Walmart, turn right, and it is the third house on the left. How will total landed costs be impacted by adding a new supplier?

Supply Chain Design Software 153

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 153

Logistics Business Magazine

AUGUST 12, 2021

They are evaluating purchasing needs and ethical choices. Omnichannel, where a consumer, for example, might buy online, collect in store and pick up another item there, then return something by mail. Supply chains must therefore be flexible enough to manage this while maintaining prices, or profitability will fall.

Supply Chains 68

Supply Chains Purchasing Skills Sourcing Strategies Price Reduction 68

Logistics at MPEPS at UPV

MARCH 16, 2021

China’s logistics cost is much lower than in developed countries when compared under the same conditions of logistics operations. Meanwhile, logistics costs are not the lower the better, low price competition leading to a decline in service levels is not the direction of development of the logistics industry.

Cost Reduction 40

Cost Reduction Waste Reduction Resource Reduction Price Reduction 40

AIMMS

NOVEMBER 2, 2020

This can result in different teams using different data formats, diverging results from data analysis, and hence poorly aligned decision making. These are many issues that arise when teams don’t have a centralized S&OP workflow and common access to data. Let’s take the example of a large fiber manufacturer.

Supply Chain Planning Software 127

Supply Chain Planning Software Purchasing Skills Cost Reduction Optimal Sourcing 127

Ship Monk

JANUARY 19, 2024

An ecommerce store is a branded website where products from a single seller can be purchased over the internet. Building an online storefront can be as simple as adding an open-source shopping cart plugin, such as WooCommerce, to your WordPress website, or as complex as a custom-coded ecommerce platform like BestBuy.com.

eCommerce 90

eCommerce Logistics Network Optimization Software Optimization Software Purchasing Skills 90

Freightos

JANUARY 12, 2017

In general numbers, air freight is usually 5X the price of trucking and 16X the price of ocean freight, according to the World Bank. Cost – Simply put, air freight comes with a hefty price tag. Air freight is priced based on both size and weight, which can scale price very quickly. Airport transfers.

Purchasing Skills 48

Purchasing Skills Price Reduction Cost Reduction Trends 48

Ship Monk

OCTOBER 12, 2023

Your list should include demand forecasting, sales goals, marketing plans, pricing strategies for each SKU, setting KPIs, confirming supplier lead times, ordering products from suppliers or manufacturers, and notifying your fulfillment center or 3PL of promotions, anticipated sales volume and incoming shipments for receiving.

Supply Chain Planning Software 64

Supply Chain Planning Software Inventory Reduction Price Reduction Purchasing Skills 64

FreightWaves SONAR

MARCH 7, 2024

But let’s not overcomplicate things: having the right data beats having a lot of data. (It In this fast-paced, competitive world, it is critical to leverage data to make informed decisions quickly. If freight pricing and management were a casino card game, rates would be table stakes. Whoa…what a title, right?

Capacity 52

Capacity Purchasing Skills Data Supply Chain Software 52

Blue Grace Logistics

AUGUST 14, 2018

Many shippers think that knowing freight cost as a percentage of goods is enough for decision making. This leaves them in the dark about how much money shipments are actually costing them, and whether or not those shipments are actually worth the cost of doing business. What is the cost of doing business with a vendor?

Purchasing Skills 48

Purchasing Skills Compliance Optimal Sourcing Supply Chain Planning Software 48

TransAudit

DECEMBER 13, 2023

Supply chains at a consumer goods company, for example, make up about 80% of the company’s greenhouse gas (GHG) emissions. This process also increases resilience, key in today’s uncertain global economy, and provides cost reductions. Develop circular economy knowledge and skills through training programs and pilot projects.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chains 88

Conger

FEBRUARY 5, 2024

And then there’s consideration of cost and manufacturer. So, here are some forklift purchasing factors to check out as you go to buy a forklift, especially buying a forklift for the first time: 1. Research, Forklift Type Selection When you purchase a forklift, you must know what you want and your operation’s requirements.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Purchasing Skills Negotiating Skills 52