Ship Monk

FEBRUARY 16, 2023

Requiring customers to spend a certain amount before qualifying for 2-Day shipping increases their basket sizes, which in turn allows you to make enough money from the purchases to absorb delivery costs and protect your profit margin. We’ll save you the headaches while finding the best way to meet buyer expectations for speed at every turn.

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

Ship Monk

JUNE 30, 2023

We’re going to show you how to identify KPIs for your business by breaking the process down into three parts. Let’s start with some definitions. Start with the goal you’re trying to reach and work backwards to determine the actions you need to take, and how to measure their success.

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

Camelot 3PL Software

JANUARY 14, 2021

Whether fire, flood, or hurricane, natural disasters can plunge communities, businesses, and supply chains into chaos. The IFRC report showed a definite increase in the number of natural disasters since the 1960s, with a sharp 35% increase since the 1990s. The magnitude 9.0

Inventory 52

Inventory Supply Chain Planning Software How To Procurement Analytics 52

GlobalTranz

JANUARY 21, 2015

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions.

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

Logistics Bureau

JANUARY 15, 2018

Sometimes I just like to live on the edge, which is definitely a qualifying status for anyone bold enough to make predictions about the future of supply chain operations and management—but I just can’t help myself. I have no crystal ball and if I did, I wouldn’t know how to get a picture on it.

Supply Chain Software 55

Supply Chain Software Supply Chain Design Software Supply Chain Design Supply Chains 55

Ship Monk

JANUARY 11, 2024

That’s a lot of merchandise flowing backwards up the supply chain. Today we’re going to talk about what you can do, before and after the purchase, to mitigate the damage returns can have on your brand. Bracketing : This is the practice of purchasing two or three different sizes of a product and returning the ones that don’t fit.

Procurement Solutions 90

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 90

3PL Links

DECEMBER 2, 2022

The tasks associated with the delivery of raw materials are handled by inbound logistics or supply logistics to guarantee their availability throughout the production process. Given that it is a subject that every businessperson should be knowledgeable about, it is a crucial logistics function in the supply chain.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Ship Monk

JULY 7, 2022

It may sound tempting to force your customers into purchasing in larger quantities, but is it the best way to grow your business? Minimum Order Quantity Definition. Wholesalers and retailers exist for this very reason, so that buyers can purchase finished goods in various quantities. Minimum Order Quantity vs. Pricing Strategy.

Purchasing Skills 86

Purchasing Skills eCommerce Ordering Negotiating Skills 86

Conger

JULY 20, 2020

Chapter 4: How to Pass Your Forklift Certification Test With Flying Colors. How to Decide If the ‘Operator’s Life’ Is Right for You. Chapter 6: How to Get a Job as a Forklift Driver. Part I: How to Get a Forklift License. How to construct, transport, stack, and unstack loads. Certification by your employer.

How To 63

How To Buyer Training Training Course 63

Logistics Bureau

AUGUST 7, 2023

3 Steps to Improved Reverse Logistics Three of the most critical tasks in managing returned inventory are determining which products should, or should not, be accepted as returns, calculating the cost of returns, and establishing a definitive course of action based on the condition of each item and the policies that apply to it.

Inventory Reduction 89

Inventory Reduction eCommerce Inventory Procurement Solutions 89

Logistics Business Magazine

APRIL 23, 2021

The global pandemic has placed a spotlight on the fragility of modern supply chains and manufacturing processes. Tenuous links in the supply chain were quickly fractured with global shutdowns and the grounding of all travel. Suddenly, overnight the how and where of manufacturing and distribution changed.

Supply Chain Software 63

Supply Chain Software Manufacturing Procurement Automation Supply Chain Design Software 63

Logistics Bureau

MAY 24, 2021

Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”. Turnover Days and How to Calculate Them.

Inventory Reduction 118

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 118

Logistics Bureau

NOVEMBER 15, 2021

For example, you can calculate the cost to receive each line item on your purchase orders. However, it’s not a definitive measure. Warehouse labour costs as % of total supply chain costs. A reduction in the cost per line indicates that your receiving process is becoming more efficient. For Putaway.

Inventory Reduction 62

Inventory Reduction Cost Reduction Expense Reduction How To 62

Ship Monk

DECEMBER 5, 2022

Stick with us and you’ll learn how to calculate landed cost — and how this number affects your profitability. Landed cost is the total cost of producing or purchasing a product and delivering it to a customer. How to Calculate Landed Cost. You might also look into producing or purchasing the goods domestically.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

GlobalTranz

FEBRUARY 25, 2021

Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics.”. In the case of reverse logistics, the resource goes at least one step back in the supply chain. When a manufacturer’s product normally moves through the supply chain network, it is to reach the distributor or customer.

Reverse logistics 84

Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

Trinity Logistics

OCTOBER 16, 2020

On the front of expanding industries and supply chains, fossil fuels’ predominant role correlates to greenhouse gas (GHG) emissions. That does not mean one should not continue to improve logistics , but only that one should entertain greener ideas on how to do so. . 2 Centralizing supply networks.

Material Savings 62

Material Savings Waste Reduction Cost Reduction Logistics Network Optimization Software 62

EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? Firstly, let’s get a few definitions: What is inventory control? What is stock optimization? Understand your demand.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

10xLogistics

AUGUST 14, 2016

The topic was a general update on their supply chain however a statement was made that has stuck with me. The speaker was asked how they decide what service to provide given the costs. This is the definition of a true customer centric supply chain. These are the point of purchase and the first point of use.

Cost Reduction 48

Cost Reduction Purchasing Skills Supply Chain Planning Software Logistics Network Optimization Software 48

Ship Monk

DECEMBER 1, 2022

2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. Because if a customer needs an item urgently or by a deadline, is eager for an anticipated product, or is just impatient, slow shipping speed is a purchase deterrent.

eCommerce 52

eCommerce Purchasing Skills Eliminating Excel in Purchasing Price Reduction 52

3PL Links

SEPTEMBER 5, 2016

What this means is that your first order of business is to figure out the things that impact your warehouse and distribution process in the first place so that you can then determine how to go about making the process more efficient, productive and profitable. The first tip is definitely a game changer. Automation. Review and revise.

Tips 59

Tips Distribution Vendor Strategies Procurement Analytics 59

Ship Monk

APRIL 26, 2023

2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. Because if a customer needs an item urgently or by a deadline, is eager for an anticipated product, or is just impatient, slow shipping speed is a purchase deterrent.

eCommerce 73

eCommerce Purchasing Skills Eliminating Excel in Purchasing Price Reduction 73

Ship Monk

JANUARY 20, 2023

Because there are many different types of businesses in a supply chain, one company’s merchandise inventory may be another company’s raw materials. A manufacturer purchases steel from a supplier and turns it into tiny gears to make watches. To the supplier, the steel is merchandise inventory (a.k.a. finished goods).

eCommerce 52

eCommerce Inventory Reduction Material Savings Manufacturing Procurement 52

Ship Monk

OCTOBER 10, 2023

That means consumers need to really do the research when making online purchase decisions, otherwise the risk for returns is strong. Omnichannel fulfillment services are definitely not one size fits all, as every ecommerce brand is unique and has its own special needs.

Procurement Solutions 64

Procurement Solutions Logistics Network Optimization Software Optimization Software eCommerce 64

Ship Monk

JANUARY 27, 2023

At a glance, this is when customers receive their ecommerce orders within two days of purchase, assuming they click BUY before a specific cutoff time on a specific day. Safety stock is extra inventory you keep on hand to fill orders during an unexpected surge in demand or a supply chain delay. What is a Reorder Point?

eCommerce 52

eCommerce Inventory Reduction Purchasing Skills Material Savings 52

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.

Procurement Analytics 99

Procurement Analytics Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 99

Bringg

DECEMBER 27, 2017

But this evolution in the supply chain, and for last mile fulfillment in particular, doesn’t end with retail. From restaurant chains to supermarkets to pharmacies to service providers, the world of logistics is experiencing unprecedented change. Real-time Visibility.

Optimal Sourcing 48

Optimal Sourcing Sourcing Strategies Logistics Network Optimization Software Supply Chain Software 48

EazyStock

MAY 24, 2019

Safety Stock Levels & the associated effects of variability in the supply chain. By definition, the “one size fits all” rule will deliver the right amount of inventory for some items, too much inventory for other items and too little inventory to meet service levels for other items. The real goal of safety stock?

Inventory 53

Inventory Manufacturing Procurement White Paper Replenishment 53

EazyStock

MAY 24, 2019

Safety Stock Levels & the associated effects of variability in the supply chain. By definition, the “one size fits all” rule will deliver the right amount of inventory for some items, too much inventory for other items and too little inventory to meet service levels for other items. The real goal of safety stock?

Inventory 51

Inventory Manufacturing Procurement White Paper Replenishment 51

Dedola Global Logistics

APRIL 3, 2017

As an international freight forwarder , we’ve compiled a quick reference of 11 essential global logistics terms and definitions. Here are the essential global logistics terms you need to know to understand the freight forwarding process and manage an efficient supply chain. Check it out below.

Global logistics 69

Global logistics Logistics Network Optimization Software Freight forwarding Purchasing Skills 69

Ship Monk

JANUARY 30, 2023

Make sure your fulfillment center also knows exactly how to handle returns, refunds, and reshipments. You can simplify this entire process and enjoy other benefits regarding the post-purchase experience with MonkProtect , which simplifies the recovery process for ecommerce merchants by keeping all the documentation in one place.

eCommerce 52

eCommerce Supply Chain Planning Software Inventory Reduction Supply Chain Software 52

Ship Monk

MAY 23, 2023

In this case, once a customer makes a purchase from an ecommerce brand, a major shipping carrier like Fedex, UPS, USPS, DHL, and so on, is called in to be the middleman that transports an order from the warehouse storage space to the buyer. For full details on these areas, definitely check out our in-depth 3PL article as well!

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Cost Reduction 52

Ship Monk

SEPTEMBER 6, 2023

By understanding those factors, and how to increase AOV, you can get your business to a profitable enough place to offer free shipping without taking a hard financial hit. If you sell clothes for example, offering free shipping for every item purchased doesn’t work for your bottom line. are more likely to purchase again.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Price Reduction 52

247 Customs Broker

MARCH 12, 2018

Historically, the working definition of lights out is a facility without people. And automation figures in those companies’ equipment purchases time and again. That’s a major factor changing the traditional definition of lights out. The question is: How can we make a functional area as lights out as possible?”

Supply Chain Software 28

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Automation 28

Transporeon

APRIL 4, 2018

These days, consumers are thinking carefully about environmental and sustainability issues when making their purchasing decisions. More and more companies are therefore aligning their entire supply chain with sustainability criteria – right through to transport logistics. Making the delivery of goods sustainable…but how?

Optimal Sourcing 54

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 54

Locus

DECEMBER 15, 2022

If you’re getting continuous WISMO (Where Is My Order) calls in this manner, it is definitely bad news. How to respond to delivery exceptions? It is how a brand responds to it that determines, if delivery exceptions are countered successfully. Because it is now after office hours, no one answers your call.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Procurement Analytics 52

GlobalTranz

JUNE 12, 2018

The Problem: Shippers Lack an Understanding of Existing Freight Allocation (Freight Planning) Activities To understand the problems behind poor freight allocation, it is important to consider its literal and perceived definitions. Unfortunately, shippers see this problem as a reason to build shipping costs directly into price points.

Supply Chain Planning Software 60

Supply Chain Planning Software Freight Cost Reduction Price Reduction 60

Transporeon

APRIL 3, 2018

These days, consumers are thinking carefully about environmental and sustainability issues when making their purchasing decisions. More and more companies are therefore aligning their entire supply chain with sustainability criteria – right through to transport logistics. Making the delivery of goods sustainable…but how?

Optimal Sourcing 48

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 48