Logistics Viewpoints

APRIL 6, 2023

The shift from traditional purchasing to a collaborative supply chain network is not just a change in nomenclature; it represents a fundamental transformation in the way organizations manage their supply chains. The costs associated with purchasing these items hit the “operational expenses” components of the company’s financial statements.

Optimal Sourcing 121

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 121

ShipLilly

JUNE 28, 2021

Thankfully some strategies can be used to mitigate the cost. Companies have made it easier for customers to return products to maintain a competitive edge over other companies but as a result, nearly half of the products that are purchased are sent back to their suppliers, and returns have increased dramatically.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

FreightWaves SONAR

JULY 10, 2023

Businesses are prioritizing the speed of data propagation within their supply chains. According to Gold, NRF members have made significant investments in data analysis to improve their ability to predict consumer demand to prevent bloated inventory levels that many large retailers experienced around this time in 2022. and Target Corp.

Data 52

Data Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 52

WorkWave

NOVEMBER 6, 2023

In this blog post, we will delve into the intricacies of order management, the role of an Order Management System (OMS), what happens after checkout and how to master your order management strategy with the help of cutting-edge order management systems and order management software. What Is Order Management? Schedule your free demo today.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Ordering 52

Logistics Business Magazine

OCTOBER 26, 2022

Driven by strong organic growth and a strategy of acquisitions to better meet market needs, the RAJA Group has become a key player in the field of business supplies and equipment. The post RAJA shares growth strategy with suppliers appeared first on Logistics Business® Magazine.

Material Savings 61

Material Savings Strategy Manufacturing Procurement Eliminating Excel in Purchasing 61

The Logistics of Logistics

JULY 20, 2022

Jon is the Director of Pricing Strategy & Analytics at Loadsmart , a freight technology company that is removing the barriers between shippers and carriers so freight can move in the most efficient, transparent and automated way. Jon Payne and Joe Lynch discuss truckload pricing dynamics. About Jon Payne. Jon holds a B.S.

Price Reduction 286

Price Reduction Purchasing Skills Cost Reduction Logistics Network Optimization Software 286

EazyStock

JUNE 23, 2022

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Unstructured data isn’t as accessible to search or export and is often text-heavy.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Supply Chain Planning Software 52

GlobalTranz

OCTOBER 2, 2017

Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points. Planning Is Essential To Have an Effective Last Mile Logistics Strategy.

Inventory Reduction 145

Inventory Reduction Cost Reduction Strategy Logistics Network Optimization Software 145

Logistics Viewpoints

MAY 10, 2022

Does it require manual data entry? Survey your users to avoid unseen pitfalls and make sure you’re actually purchasing a solution that provides a good user experience. Kyle has an MBA with a focus in Operations and Strategy from the Katz Graduate School of Business at the University of Pittsburgh and a B.S.

Vendor Strategies 109

Vendor Strategies Waste Reduction Cost Reduction Optimization Software 109

Blue Grace Logistics

AUGUST 10, 2021

Over the last decade, ever since social media and the IoT became common-place mediums, there has been a change in marketing tools and strategies. A more streamlined communication is provided by omnichannel strategies. Omnichannels blur the line between online and in-person purchases.

Expense Reduction 62

Expense Reduction Cost Reduction Strategy Optimization Software 62

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Many business systems also include functionality to support certain inventory management and purchasing processes.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

FreightWaves SONAR

MARCH 3, 2021

The idea went something like this: There is no strategy without intelligence , so gain as much information as possible on the current state of things. The importance of data. But a key insight for us in the ecommerce supply chain domain was the importance of data. With insight in hand, identify the best problems to solve.

Supply Chain Software 90

Supply Chain Software Supply Chains Data Optimization Software 90

EazyStock

DECEMBER 13, 2020

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. This software links directly with your ERP and creates a daily list of purchasing recommendations based off the inventory data.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

The Logistics of Logistics

MARCH 10, 2023

3PLex was then purchased by Maersk. Cambridge Capital leverages BGSA’s unique approach to strategy-led investment banking for the supply chain. Over 300 of the top CEOs in the logistics and supply chain space attended this year’s conference to discuss technology, strategy and deals. The Greenscreens.ai

Conference 323

Conference Supply Chain Software Supply Chain Design Software Negotiating Skills 323

Locus

MAY 15, 2023

According to a study, 55% of consumers prefer to buy directly from brands, and a further 40% of shoppers say they will purchase from a D2C brand in the next five years. However, as the data suggests, more and more customers want to buy from brands directly and want them to solve any challenges that arise post-purchase.

Cost Reduction 52

Cost Reduction Procurement Solutions Strategy Supply Chain Planning Software 52

GlobalTranz

OCTOBER 11, 2018

The importance of an omnichannel supply chain strategy cannot be overstated. Up to 62 percent want to purchase online and have the option of returning it in-store, and 47 percent want promotions and coupons available through their smartphone. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service?

Inventory Reduction 74

Inventory Reduction Price Reduction Cost Reduction Supply Chains 74

GlobalTranz

OCTOBER 5, 2018

An omnichannel retail strategy is the new norm in today’s supply chains. The days of managing channels on an individual basis are over, and consumers are using multiple devices and e-commerce platforms for nearly all purchases. Follow examples of major brands that have implemented best-in-class omnichannel retail strategies.

Modeling Software 78

Modeling Software Sourcing Strategies Cost Reduction Supply Chain Planning Software 78

GoShip Blog

JULY 15, 2022

Although order fulfillment strategies may differ across businesses, a typical fulfillment strategy involves the following processes: Receiving inventory Inventory storage Order processing Picking and packaging Delivery Processing returns. Utilize order fulfillment technology.

Inventory Reduction 52

Inventory Reduction Cost Reduction Modeling Software Ordering 52

Ship Monk

NOVEMBER 16, 2023

What are the differences between the two, and how does your choice of sales strategy affect your fulfillment services? As soon as the brick-and-mortar store adds a website, they’re using a multichannel sales strategy. Both types of ecommerce businesses might also use a multichannel marketing strategy. Let’s repeat that.

Inventory Reduction 64

Inventory Reduction Logistics Network Optimization Software Supply Chain Planning Software eCommerce 64

Locus

MAY 25, 2022

Here are seven key strategies that they have used to make it happen. But today, nothing can be more heartbreaking to a customer than a business breaking its delivery promise on their prized purchases. It gives them an experience of the product before purchasing. Use data insights. The obvious answer is data.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 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. To determine the appropriate returns strategy retailers need to understand what is going on and tapping into returns data may unlock some important insights. Getting hold of the data. Product feedback.

Data 55

Data Cost Reduction Purchasing Skills Sourcing Strategies 55

The Logistics of Logistics

MAY 12, 2021

Private label is becoming an important strategy for retailers. For retailers, this is an avenue where they can build more intimacy with their customers and capture more data and loyalty. Data is essential in the digital world since it allows the company to develop a buyer persona. Ecommerce companies have data, retailers don’t.

Supply Chain Software 368

Supply Chain Software Logistics Network Optimization Software Procurement Solutions eCommerce 368

Conger

MARCH 28, 2024

Technologies like artificial intelligence continue to enhance these capabilities to become more attractive and allow new visualizations and data collection standards. Telematics collect and transmit vehicle speed, mileage, and fuel consumption data, while GPS allows precise location tracking.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

GlobalTranz

APRIL 8, 2015

A growing trend across all industries has been the application of big data , with the use of algorithms and the hiring of data scientists becoming commonplace. As businesses collect and store an ever increasing amount of data, the algorithms required to make sense of this data will become even more valuable.

Data 98

Data Procurement Analytics Price Reduction Supply Chain Software 98

Logistics Viewpoints

FEBRUARY 16, 2023

Do they support the required integrations and your business processes or have sufficiently accurate data for your operation? The lack of a technology strategy The reasons for stakeholders to start looking at a TMS are endless: eliminating manual processes, insufficient use of stored data, need of more flexibility in their system, etc.

Price Reduction 85

Price Reduction Optimization Software Cost Reduction Purchasing Skills 85

The Logistics of Logistics

FEBRUARY 12, 2021

Ilya was formerly a strategy and operations management consultant within the Big 4 with both PwC and KPMG, advising Fortune 1000 clients across healthcare, technology, and private equity verticals. Ilya Preston is the Co-founder and CEO of PAXAFE. Ilya earned a Bachelor of Science in International Business from the University of Indianapolis.

Expense Reduction 195

Expense Reduction Freight Supply Chain Software Modeling Software 195

GlobalTranz

SEPTEMBER 12, 2018

To achieve lasting success, shippers need to understand how e-commerce shipping strategies are quintessential steps in this process. An Effective E-Commerce Shipping Strategy Mitigates Losses From the “Retail Apocalypse.” This is the making of an effective e-commerce shipping strategy. GET YOUR COPY HERE. Download White Paper.

Cost Reduction 73

Cost Reduction Resource Reduction Price Reduction Strategy 73

EazyStock

AUGUST 21, 2020

There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items. Here we’re going to focus on our favorite top five inventory reduction strategies. Are your internal purchasing processes efficient enough to allow you to reduce your order cycles?

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

The Logistics of Logistics

DECEMBER 6, 2021

Lauren is a seasoned maritime attorney and the founder of Squall Strategies , a boutique maritime consulting and legal solutions company and offers a wide range of consulting services to serve a variety of businesses and clients. Beagen is a seasoned maritime attorney and the founder of Squall Strategies, LLC. About Squall Strategies.

Inventory Reduction 195

Inventory Reduction Material Savings Maritime Supply Chain Software 195

Logistics Viewpoints

NOVEMBER 6, 2023

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. Increasingly, companies will take sustainability criteria into account in their purchasing decisions. The data, which is reported on the EcoVadis platform, highlights the supplier’s emissions.

Supply Chain Planning Software 133

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 133

Morai Logistics

JUNE 5, 2019

A recent halt in market growth for retail leader Adidas, reminds organizations about the importance to assess their supply chain excellence strategies. To grow in an ever changing global market, organizations must strive to implement a long term supply chain excellence strategy. The impact of global markets. trillion U.S trillion U.S.

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Supply Chain Software Supply Chains Strategy 60

Logistics Viewpoints

JUNE 8, 2023

While the initial purchase cost of an existing platform may appear higher, the added benefits, scalability, and efficiencies it provides ensure lower costs over the long term and higher lifetime value. Purchasing technology from a vendor can be a complex task, especially when it comes to estimating costs.

Modeling Software 122

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 122

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

Manufacturing Procurement 131

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 131

Ship Monk

APRIL 5, 2024

The process involves collecting quantitative and qualitative data concerning vendor-provided goods and services, and analyzing this data for opportunities to improve (or reasons to end) the relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. If so, good on you!

Negotiate Pricing 83

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 83

3PL Links

APRIL 5, 2024

When implemented properly, this strategy improves customer satisfaction, lowers expenses, and strengthens the company’s position in the market. It goes beyond simply being an operational strategy. This is one of the logistics strategies that needs to be reinforced the most going forward.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Sourcing Strategies 48

3PL Insights

OCTOBER 16, 2017

What are the best SEO strategies for ecommerce companies? Nothing is more frustrating than wanting to make a purchase and learning the item is not available. ” This customer knows exactly what is going on and it reaffirms their decision to purchase this item because other people want it as well. Google, can you see me?

Waste Reduction 58

Waste Reduction Expense Reduction Cost Reduction eCommerce 58

Logistics Viewpoints

DECEMBER 2, 2021

There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance.

Waste Reduction 187

Waste Reduction Cost Reduction Inventory Reduction Resource Reduction 187