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[INFOGRAPHIC] Interesting Facts & Financial Breakdown of the Global Logistics Market

GlobalTranz

Editor’s Note: Almost 14 months ago we wrote one of our most popular posts entitled, “ The History of Supply Chain and Logistics Management ” contained a bit of history, definitions, and a great infographic visually going through the history of supply chain and logistics management. What is a Logistics Framework?

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What Drives an Investment in a Warehouse Management System? 5 Considerations for Your Selection

GlobalTranz

Transportation costs make up 60 percent of overall logistics expenses for all shippers and 3PLs. For these companies, the use of a dedicated transportation management system, such as Cerasis™ Rater , can be deployed to lower transportation costs across the entire supply chain. Implementation Costs.

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EDI Integration For Shippers: 6 Myths Busted with the Real Truths

GlobalTranz

Truth: It’s Well Worth the Cost. While there is a cost associated with EDI integration, it is definitely worth it. The cost of EDI integration is immediately justifiable. For this reason alone, EDI integration is well worth its initial implementation cost. Myth: It’s Too Expensive.

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How to Predict if the New Business Idea is Any Good

GlobalTranz

When the customers face the problem, they likely go for making purchases ultimately benefiting the business owner.That being said, you need to know your actual target market and customers prior to taking initiative for a business. Now this type of method can cost you a bit, but the results are definitely worth it.

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Electronic Data Interchange or EDI in Transportation: Breaking Down What it is and How It Works

GlobalTranz

In this series, we will first talk about how EDI in transportation works and what it is, covering the history of EDI in transportation, the definition, how it works technically, and then some common EDI codes used within the transportation industry. For example, Company A may buy goods from Company B. EDI In Transportation.

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Logistics Technologies: 4 Benefits of RFID, AIDC, and IoT Based Technologies to Shippers

GlobalTranz

By definition, competition encourages companies to try to do better than their competitors. Therefore, consumers benefit from lower prices, new technologies and products are developed, and the push toward the global economy grows stronger. Consumers purchase products and customers pay for shipping. Competition. Consumer Demand.

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5 Facts About American Manufacturing & 3 Reasons to Work In Manufacturing

GlobalTranz

And Marlin would never be able to match its Chinese competitors on price. "My My steel was costing me $7 a basket," says Greenblatt. "We It had the wrong customers; it had the wrong products; it had the wrong prices. Chinese factories were selling baskets for $6 each. Marlin's customers were switching to save $200 a store.