Logistics Viewpoints

MARCH 3, 2022

Logistics strategy as an enabler of new business models. They promoted logistics to the level of core process and enabler of new business models and now view a thought-through logistics strategy as an opportunity to stand out by offering a better service level to their customers, such as same-day delivery. Automation as key for growth.

Expense Reduction 184

Expense Reduction Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 184

Locus

JUNE 16, 2023

Read also: How to Calculate the Cost of Transport 2. Just one hour of idling per day over a year equals 64,000 miles of engine wear , resulting in additional annual maintenance expenses of up to $9,472 per truck. Read also: A Study of Unit Economics in Last Mile Delivery Is it essential to reduce last-mile delivery costs for vehicles?

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

ShipLilly

JUNE 28, 2021

Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations. Figuring out how to handle these returns has been a challenge facing suppliers all over. Use of Data and Information. Return and Repair Policy Framework.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

3PL Links

FEBRUARY 11, 2024

Image source: Rawpixel.com | How to Make Reverse Packaging Logistics More Efficient? Each tactic—from active consumer involvement to sustainable design—is laid out clearly and demonstrates how we may improve the efficiency of packaging recycling.

Sourcing Strategies 48

Sourcing Strategies Waste Reduction Resource Reduction Expense Reduction 48

Log-hub

OCTOBER 2, 2023

Data is present in almost every discussion about innovation and digitalization. Nevertheless, a lot of our customers face uncertainty, insecurity or helplessness when discussing data. They store a significant amount of data in their company, but they haven’t effectively coordinated or utilized it.

Data 52

Data How To Resource Reduction Expense Reduction 52

Log-hub

MARCH 1, 2023

The mistakes that can pull your supply chain far away from the progress are bad cost management strategy, lack of optimized business processes, neglecting data and KPI’s, poor customer service and no future planning. But how to get rid of them? One of them is a bad cost management strategy.

Cost Reduction 52

Cost Reduction Sourcing Strategies Expense Reduction Supply Chain Design Software 52

Trinity Logistics

SEPTEMBER 16, 2021

With costs rising recently, it’s easy to see why the challenge for many companies has been to reduce their transportation costs. Before we jump into how to reduce your transportation costs, it’s essential to understand what factors are causing them to rise. STEPS TO REDUCE TRANSPORTATION COSTS. CUT YOUR MANUAL PROCESSES.

Cost Reduction 74

Cost Reduction Expense Reduction Price Reduction Vendor Strategies 74

Ship Monk

APRIL 16, 2024

They can use the validated credit card to make far more expensive purchases, or they can resell the card credentials for a profit on the dark web. To be clear, the blame lies with the hackers and criminals, but if a data breach or you approve an unauthorized transaction, the customer is going to blame your business.

eCommerce 81

eCommerce Modeling Software How To Procurement Solutions 81

Conger

MARCH 28, 2024

These commercial vehicles are called fleets and are often one of the most expensive assets for a business. Technologies like artificial intelligence continue to enhance these capabilities to become more attractive and allow new visualizations and data collection standards.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

Conger

DECEMBER 13, 2022

If you're looking for ways to reduce lead times, you’re in the right place. Because in this post, you’ll find 11 effective strategies for doing just that. Identify and Eliminate Bottlenecks. The closer the supplier is to your warehouse or manufacturing plant or location , the easier it is to reduce lead times.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

Compactor Management Company

JULY 19, 2023

Are you thinking about or currently implementing the 3R principle of waste management: reduce, reuse, recycle , there’s news for you. The new, simple, yet effective waste management mantra is the 5R principle: “refuse, reduce, reuse, repurpose, and recycle”. How to Refuse? The 3R of recycling has evolved over the past decade.

Waste Reduction 40

Waste Reduction Material Savings Resource Reduction Expense Reduction 40

Log-hub

NOVEMBER 6, 2023

Maintaining optimal stock is not just about inventory management; it’s a strategic imperative that impacts customer satisfaction, streamlines order fulfillment processes, reduces lead times, and improves order cycle times, thus enhancing overall efficiency of the entire supply chain.

Optimization Software 52

Optimization Software Inventory Reduction Optimization Cost Reduction 52

3PL Links

FEBRUARY 14, 2024

Image source: Flickr | Logistics Planning 2024: How To Carry out Logistical Planning for This Year Have you ever given the recent evolution of logistics any thought? Read also: How to Make Reverse Packaging Logistics More Efficient? How to carry out logistical planning for 2024? Why is logistical planning necessary?

Supply Chain Planning Software 48

Supply Chain Planning Software Scenario Planning Optimal Sourcing Sourcing Strategies 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. The answer: it is, and ShipMonk is here to show you how. Check out these six tips for reducing 2-Day shipping costs now!

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

WorkWave

FEBRUARY 16, 2024

It’s crucial to understand why profit margins matter and how to calculate them right down to the last cent, so we’ve created this pest control business profit margin calculation guide. Calculating it accurately can help you make informed decisions about pricing, cost-cutting measures and growth strategies.

Expense Reduction 52

Expense Reduction Price Reduction Cost Reduction Vendor Strategies 52

Log-hub

DECEMBER 8, 2023

As per the ATRI data, the overall marginal expenses for trucking marked a significant of 21% increase in the year 2023. To jump straight to the point, some basic strategies for handling rising transportation costs, which we’ll cover in this Playbook, are related to optimal network design and route optimization.

Cost Reduction 52

Cost Reduction Optimal Sourcing Handling Supply Chain Design Software 52

FourKites

DECEMBER 23, 2020

One additional area of focus is risk management, which, if left unchecked, can cause unexpected expenses to skyrocket within the other three budget areas. When creating a strategy for improving the productivity of your supply chain, you should analyze your costs within the following four areas: Staff time. Transportation spend.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Waste Reduction 52

Ship Monk

OCTOBER 3, 2023

If you want to reduce your shipping costs, we recommend you focus on the following areas. Gathering this data is crucial to making strategic decisions and negotiating with shipping carriers. A 3PL with multiple locations can dramatically reduce shipping costs while enabling you to manage inventory from a single source.

Cost Reduction 64

Cost Reduction Material Savings Negotiating Skills Inventory Reduction 64

Ship Monk

DECEMBER 27, 2023

So what can you do to avoid the expense of mispicks? Anything you can do to reduce picking errors not only goes straight to your bottom line, it also protects your brand’s reputation. If you want to reduce the costs associated with mispicks, start by preventing them from happening. Eliminate paper. What is a Mispick?

eCommerce 64

eCommerce Inventory Reduction Waste Reduction Cost Reduction 64

FreightWaves SONAR

JANUARY 25, 2021

It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

FreightWaves SONAR

FEBRUARY 5, 2021

As reported by Supply Chain Game Changer , “certainly there are many factors that can cause a company to apply intense pressure on the supply chain and other functions, to reduce their costs. Financial losses or declining profitability certainly make cost-cutting a priority.

Expense Reduction 106

Expense Reduction Cost Reduction Price Reduction Waste Reduction 106

WorkWave

DECEMBER 8, 2023

This function plays a crucial role in the supply chain management process and is an integral part of a company’s overall logistics and operations strategy. For more information on how RouteManager can empower your team to tighten your inbound logistics, schedule your free demo today.

Inbound 52

Inbound Optimal Sourcing Logistics Network Optimization Software Inventory Reduction 52

The Logistics of Logistics

FEBRUARY 12, 2021

Freight damage is not only expensive and upsetting to customers, but it is also ridiculously hard to figure out where, when, and how it occurred. Ilya’s company, Paxafe creates sensors that enable companies to determine when, where, and how shipments were damaged. Additionally, freight damage and loss are very expensive.

Expense Reduction 195

Expense Reduction Freight Supply Chain Software Modeling Software 195

The Logistics of Logistics

AUGUST 24, 2022

Sreenivas Vemulapalli and Joe Lynch discuss how to streamline your logistics operations. Our expertise in technology modernization helps clients resolve critical operational challenges such as effective management of peak loads and seamless anytime, anywhere access to distributed freight data. About Sreenivas (Sreeni) Vemulapalli.

Logistics Network Optimization Software 281

Logistics Network Optimization Software Supply Chain Software Supply Chain Design Software Optimization Software 281

Logistics Viewpoints

NOVEMBER 22, 2022

Trucking companies need to manage many layers of safety and compliance, and while insurance is just one of them, it’s also among the most important and expensive. So, in an era of escalating costs, carriers need to always be on the lookout for ways to cut costs while maintaining proper and sufficient coverage.

Cost Reduction 125

Cost Reduction Expense Reduction Tips Trucking 125

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

3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. This ratio increased to 54% in 2022.

Supply Chain Planning Software 48

Supply Chain Planning Software Optimal Sourcing Analysis Supply Chain Software 48

FourKites

DECEMBER 11, 2020

This is your major human resource cost category, and includes salaries paid out to employees, benefit and severance packages, wages for hourly or contract workers, as well as any administrative tools, software or expenses associated with managing your inventory. How to calculate inventory carrying cost. How to reduce carrying cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Resource Reduction 52

3PL Links

JULY 7, 2023

The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supply chain management and data analysis.

Supply Chain Software 48

Supply Chain Software Supply Chains Data Logistics Network Optimization Software 48

Blue Grace Logistics

MARCH 17, 2022

Fuel costs are the second highest expense to a trucking company and are on the rise. How to help manage overall transportation costs. How to help manage overall transportation costs. How high diesel prices may change future freight procurement strategies. Reduce Deadhead (DHD) Miles. BlueGrace can help.

Cost Reduction 62

Cost Reduction Price Reduction Expense Reduction Waste Reduction 62

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

GoShip Blog

JANUARY 12, 2020

There are many strategies that can help reduce returns and improve your customers’ satisfaction. The more expensive items are, the higher the probability is of the return. The more expensive items are, the higher the probability is of the return. How to handle e-commerce returns? Prevent them.

Reverse logistics 52

Reverse logistics Handling Expense Reduction Cost Reduction 52

FreightWaves SONAR

DECEMBER 30, 2020

Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. Throughout the supply chain, data-driven transportation management’s success is only as good as the data quality and integrity in use.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

Logistics Viewpoints

JANUARY 17, 2023

However, many issues limited the potential of supply chain and procurement practices to source effectively: Lack of visibility to key data such as supplier risk and performance, forward pricing, market index impacts, demand fluctuations, available supply, and supply constraints in the market. How to Move Forward. Upcoming Recession?

Supply Chain Software 116

Supply Chain Software Optimization Software Optimal Sourcing Logistics Network Optimization Software 116

Ship Monk

AUGUST 30, 2023

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. In fact, studies show that the more expensive your product or purchase type (such as a subscription), the more visits they will make before purchasing.

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52