ShipLilly

APRIL 7, 2021

One of the options that can be used is to ask the insurer to cover part of or all the replacement costs. The costs of compensating for lost cargo can be much higher than those that are incurred by saying no to excess cargo. That means that shippers must negotiate specific arrangements with their insurers. Assessing Risk.

Cost Reduction 59

Cost Reduction Expense Reduction Inventory Reduction Resource Reduction 59

Logistics Viewpoints

MARCH 2, 2023

HBR also cites technology’s ability to cut costs and to make “companies more agile and therefore better able to handle […] uncertainty and rapid change.” Once that’s in place, CFOs will notice: Improved margin by lowering your cost of goods sold. Reduced working capital.

Waste Reduction 118

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 118

Shipping and Freight Resource

SEPTEMBER 13, 2020

If you are shipping wine for example, it may require a permit for import into a specific market but may not be required in another market. Discuss it down to the smallest nitty gritty and smallest cost, make sure you cover it all and that it is all in writing with the agreement of both parties. Documentation. Commercial Invoice.

Tips 74

Tips Negotiating Skills Buyer Training Vendor Strategies 74

Logistics Bureau

JULY 25, 2022

Supply challenges arising from the war will hit many industries, with electronics being a prime example, since Russia and Ukraine are both sources of materials such as palladium and neon , vital for the manufacture of semiconductors. Rapidly rising fuel prices will bring about even more widespread supply chain disruption.

Supply Chain Design Software 104

Supply Chain Design Software Supply Chain Design Supply Chains Scenario Planning 104

GlobalTranz

JANUARY 4, 2017

In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider. And our client engages with 3PL by open book cost plus contracts and gain share and pain share incentive. Use Value Engineering : Reduce the Cost and retain the function of anything.

Negotiating Skills 77

Negotiating Skills Cost Reduction Scenario Planning Inventory Reduction 77

GlobalTranz

AUGUST 9, 2016

The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation strategy should not drive how and when product is delivered. Transportation strategy and tactics must support Lean inventory strategies.

Waste Reduction 53

Waste Reduction Cost Reduction Inventory Reduction Price Reduction 53

GlobalTranz

APRIL 7, 2017

Most transportation costs in a company arise from inbound logistics cost. If other words, the costs associated with transportation of items from vendors make up the biggest portion of will transportation costs, reports Amy Roach Partridge of Inbound Logistics. Real-Time Data Promotes Use of Lowest-Cost Carriers. .

Vendor Strategies 55

Vendor Strategies Inbound Cost Reduction Inventory Reduction 55

GlobalTranz

APRIL 5, 2016

However, the economy is on the mend, and the need for immediate cost savings and lean solutions is starting to take the backburner to how 3PL Logistics Companies could benefit shippers through long-term relationships. The needs of yesteryear-clients were quite simple: get costs under control quickly. They get lost or misplaced.

Negotiating Skills 55

Negotiating Skills Logistics Network Optimization Software 3PL Purchasing Skills 55

GoShip Blog

DECEMBER 3, 2023

The establishment of these programs also allows retailers to keep track of order delivery times and accuracy while also controlling costs. Having a developed vendor compliance program also leads to improved financial performance because of lower overhead costs and increased unit volume sales. What is vendor compliance?

Vendor Strategies 52

Vendor Strategies Compliance Cost Reduction Inventory Reduction 52

Shipping and Freight Resource

MAY 24, 2020

In 1990, the CMI adopted the Rules for Electronic Bills of Lading in order to establish a mechanism for replacing the traditional negotiable paper bill of lading with an electronic equivalent. The transformation that has taken place in the airline industry is an example of what’s possible if we work together.

Modeling Software 93

Modeling Software Cost Reduction Negotiating Skills Resource Reduction 93

GlobalTranz

AUGUST 18, 2016

Value-Added Services and TMS Capabilities Are Critical Points in Contract Negotiation. Value-added services have also taken on a technology-like role as more companies want to use a comprehensive transportation management system (TMS) to thorough document and optimize their processes.

Supply Chain Planning Software 60

Supply Chain Planning Software Optimization Software Supply Chain Software Logistics Network Optimization Software 60

Freightos

JANUARY 8, 2019

Self-service support and document management. Kuehne+Nagel was one of the first big freight forwarders to have price quotes and self-service directly on their homepage. Not to mention price quotes and other paperwork, customs forms, certificates of origin. This undermines the whole point of a fixed price tender.

Freight 60

Freight Negotiating Skills Digital Tracking and Tracing 60

Ship Monk

NOVEMBER 22, 2022

For example, with a clothing item perhaps it didn’t fit, or the customer didn’t like the color, quality, or fabric. If the shipping carrier is at fault, the ecommerce merchant can file a claim with the carrier to recover their costs. For example, should reshipments get expedited shipping? Four top tips to remember include: 1.

eCommerce 52

eCommerce Ordering Material Savings Supply Chain Planning Software 52

Conger

DECEMBER 13, 2022

Because in this post, you’ll find 11 effective strategies for doing just that. Reliable suppliers with quality supply practices achieve better operational performance in quality, flexibility, reliability, cost, and design. Reduce costs. If you're looking for ways to reduce lead times, you’re in the right place. Let's dive in!

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

GlobalTranz

MARCH 23, 2017

For example, an act of terrorism may not necessarily qualify shipments for an exclusion. For example, today’s expensive products may cost more than the Carmack Amendment allows within its limits of liability. Yet, the burden to prove these actions can be difficult. 3PLs Handle Bills of Lading.

3PL 49

3PL Freight Negotiating Skills Purchasing Skills 49

Material Handling and Logistics

OCTOBER 26, 2018

The cost-effective concept allows a single mobile base to tend to one or many carts that can have a variety of onboard items, including packages, materials, or even robot arms. For example, the NIST demonstration shows an assembly operation. They captured talent, knowledge and skills from their existing workforce before they retired.

Supply Chain Design Software 89

Supply Chain Design Software Supply Chain Software Inventory Reduction Supply Chain Planning Software 89

GlobalTranz

AUGUST 25, 2016

Following up our announcement that we have negotiated lower cargo insurance costs and now offer a zero deductible for that cargo insurance, we thought we’d take a deeper look at freight insurance (also known as cargo insurance). Specifically, what is cargo insurance, and should shippers even request it.

Cargo 49

Cargo Negotiating Skills Buyer Training Cost Reduction 49

GlobalTranz

APRIL 8, 2016

Today we feature a guest blog from Fronetics Strategic Advisors , a digital marketing agency, who specializes in the logistics and supply chain industries. You don’t have a strategy. And that number rises to 86% when the company designates someone to lead the strategy. Here are the top 10 reasons no one is reading your content.

Logistics Network Optimization Software 51

Logistics Network Optimization Software Expense Reduction Supply Chain Design Software Supply Chain Planning Software 51