Logistics Viewpoints

JULY 26, 2022

Supply chains have experienced significant disruptions in the first half of 2022, from a global pandemic to wars, rising fuel costs, and a potential recession. Passing costs onto consumers is often not viable and, in some cases, has already occurred due to supply chain shortages. However, not all technologies are the same.

Supply Chain Design Software 142

Supply Chain Design Software Optimal Sourcing Supply Chain Software Supply Chain Design 142

TransAudit

AUGUST 29, 2023

Notable Acquisitions Acquisition of Roadway (2003): This acquisition was strategic for Yellow, but integrating two massive LTL carriers came with challenges. Aggressive Competition and Price Undercutting With rivals employing aggressive pricing strategies, YRC found it challenging to maintain its price points in a saturated market.

Negotiating Skills 88

Negotiating Skills Purchasing Skills Price Reduction Freight 88

Blue Grace Logistics

SEPTEMBER 28, 2021

The opportunity cost of choosing the wrong mode of transportation. All things considered, 78% of shippers were concerned with reducing shipping costs in general. Using proprietary technology and analytics, businesses can understand the opportunity cost of every transportation decision placed in front of them.

Negotiating Skills 109

Negotiating Skills Cost Reduction Supply Chain Planning Software Capacity 109

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. 1 As the ability to strategize bidding continues to improve and keep shippers competitive, that number will continue to grow.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

GlobalTranz

AUGUST 9, 2017

Unfortunately, finding savings in parcel shipping costs can be difficult at best, especially considering the major carriers’ constant changes to parcel service guides. Carriers have detailed published rates, counter rates and negotiated rates with various shippers, smaller carriers and even destination types. Negotiations.

Negotiating Skills 49

Negotiating Skills Price Reduction Cost Reduction Waste Reduction 49

ShipLilly

MARCH 5, 2020

The second issue relates to how much they will be able to increase their rates during the yearly service contract negotiations that are coming up in the spring. 2020 carrier strategy. As the event approached, many other carriers announced some adjustments to their scheduled journeys. The role of fuel. in January and 0.3%

Negotiating Skills 52

Negotiating Skills Cost Reduction Price Reduction Capacity 52

GlobalTranz

SEPTEMBER 9, 2015

In today's ever more complex supply chain riddled with thousands upon thousands of processes, shipping freight has moved beyond tactical prowess for those who execute well and has evolved to now include strategic, innovative, and collaborative efforts to maintain not only a competitive edge but reduce overall transportation cost footprint.

Negotiating Skills 93

Negotiating Skills Collaboration Material Savings Freight 93

Logistics Bureau

NOVEMBER 16, 2020

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. That event was the global COVID-19 pandemic, which erupted during the first half of 2020. Networking.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

Logistics Viewpoints

FEBRUARY 17, 2023

Expanding the smart package initiative will help UPS strengthen its network efficiency as it seeks to reduce costs in a cooling demand environment. hope to slash shipping costs and save millions of dollars when they sit down later this month to negotiate long-term contracts with ocean carriers following last year’s surge in rates.

Supply Chain Planning Software 121

Supply Chain Planning Software Logistics Network Optimization Software Cost Reduction Waste Reduction 121

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. Efficient replenishment strategies: Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. Efficient replenishment strategies: Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Log-hub

NOVEMBER 22, 2023

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. Efficient replenishment strategies : Implementing distinct replenishment and restocking strategies for various categories to avoid stockouts and overstock scenarios.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

ShipLilly

APRIL 7, 2021

This includes events that are caused or worsened by the weather conditions. One of the options that can be used is to ask the insurer to cover part of or all the replacement costs. Ultimately, this is about protecting the supply chain from events that are unexpected and largely outside of your control. The Demand for Shipping.

Cost Reduction 59

Cost Reduction Expense Reduction Inventory Reduction Resource Reduction 59

GlobalTranz

SEPTEMBER 23, 2021

Such congestion naturally leads to bottlenecks in planning drayage and eventual increases in the total cost of shipping, not to mention an added strain on trucking as the bottlenecks grow.? . Increasing fuel costs also play into the available capacity woes.? ? on-highway diesel fuel prices are up $0.898 from the end of August 2020.

Optimal Sourcing 123

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Supply Chain Software 123

Parade

JANUARY 18, 2022

Freight brokerages and asset carriers will have to have some tricks up their sleeves to cover the loads they have coming in, and they’ll need a solid strategy and the tools to carry it out to grow in 2022. Based on most expert opinions, relief is in sight for logistics companies battling with high costs.

Tips 78

Tips Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 78

Locus

DECEMBER 7, 2021

Presently, their major focus lies on local production, warehousing and strategic sourcing. With the pandemic and political instability, businesses in the Middle East have begun to reconsider supply chain strategy to improve their resilience. Oil price fluctuations. How do businesses enable strategic sourcing?

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Stord

MARCH 5, 2019

In another session, an Anheuser-Busch representative explained how the company uses data insights to improve pricing and supply chain forecasting. Trade chaos and economic trends are forcing retailers to adapt Recent events in global trade also headlined many of the sessions.

Conference 78

Conference Waste Reduction Optimal Sourcing Resource Reduction 78

Radius Logistics

FEBRUARY 15, 2024

Economically, businesses are contending with market fluctuations, inflation, and disruptions caused by global events. Our team possesses in-depth knowledge, experience, and expertise in optimizing and managing supply chains. They also enable us to negotiate favourable rates and secure capacity even during peak demand.

Supply Chain Software 26

Supply Chain Software Supply Chains Negotiating Skills Cost Reduction 26

Parade

MARCH 18, 2021

In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. As a freight brokerage, you live and die by your pricing. Pinpoint Market Rates.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

Parade

MARCH 18, 2021

In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. As a freight brokerage, you live and die by your pricing. Pinpoint Market Rates.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

Parade

MARCH 18, 2021

In this post, we explore truckload pricing tools as an important part of every digital freight brokerage’s operations. Truckload pricing software is key to a broker’s ability to buy freight and sell capacity profitably in the daily spot environment. As a freight brokerage, you live and die by your pricing. Pinpoint Market Rates.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

FreightWaves SONAR

MARCH 15, 2021

It can also show how a user’s targeted benchmark rate compares to the industry, the overall market, peers and at a pricing level. Additional implications include RFP strategy, knowing when to onboard new carriers, new lanes, hire more drivers or plan next distribution center sites. .

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Freightos

MARCH 23, 2023

But with inventories still high, volumes low and carriers – in the bumpy “period of instability” ahead of alliance shake ups – with cash reserves to support a push for market share, carrier decisions (based on shifting strategies ) to keep more capacity active this time around has a logic too. What just happened???

Price Reduction 62

Price Reduction Inventory Reduction Industry Cost Reduction 62

247 Customs Broker

MARCH 26, 2018

I was having lunch with a friend of mine who had recently conducted a transportation sourcing event. Our rates are going up and the carriers are completely unwilling to negotiate with us—where did we go wrong?”. There are plenty of companies using a flawed process in conducting their transportation sourcing events. Want proof?

Optimal Sourcing 28

Optimal Sourcing Sourcing Strategies Negotiating Skills Negotiate Pricing 28

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.

Waste Reduction 118

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

CLX Logistics

SEPTEMBER 9, 2022

With setup, guidance, and support from supply chain management experts, these tools can help improve processes, reduce costs, and save time. Here’s our list of the four essential supply chain management tools you need to provide the best service at the best price. Shipping Management. Telematics-Based Tracking.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimization Software 52

GlobalTranz

APRIL 17, 2018

These giants have deep pockets, capable of offering low-cost, if not free, parcel shipping. Rather than giving up, shippers need to consider what Amazon and the big box giants have done right and apply these concepts as part of a robust parcel shipping strategy. Negotiate Shipping Rates Like a Pro.

Cost Reduction 60

Cost Reduction Material Savings Expense Reduction Negotiating Skills 60

Freightos

APRIL 27, 2023

But the pandemic was a wakeup call, with COVID having a dramatic effect on supply chains and suddenly prices and transit times became a flagship focus for board rooms. In fact, 70% of BCOs use market data for internal justifications, outperforming the use of market intelligence platforms for negotiations. And they are.

Data 62

Data Freight Optimal Sourcing Supply Chain Software 62

GlobalTranz

AUGUST 26, 2016

An internal solution will come with a cost, and you need to ensure resources are available for this reason. How does the proposed solution evolve in the event of an unforeseen collapse or expansion of operations? These critical steps must include the following: Create a 3PL Selection Strategy or Plan. Stay Involved.

Outsourcing 52

Outsourcing Resource Reduction Negotiating Skills Cost Reduction 52

The Logistics Academy

FEBRUARY 13, 2017

The club also organizes a roundtable event each semester that brings students and companies together to explore opportunities for internships and jobs. We find that a skill set in another discipline gives students a competitive advantage because it can enhance how they practice logistics and supply chain management.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 40

GlobalTranz

MARCH 3, 2016

They negotiate good shipping rates and fast deliveries from transportation companies, and connect them with the businesses that need to transport goods or cargo, so carriers can maximize their loads. Refresh or Develop Some General Skills. Essentially, freight brokers keep the economy running. What does a freight broker do?

Negotiating Skills 51

Negotiating Skills How To Buyer Training Freight 51

GlobalTranz

JULY 26, 2018

Adopt a strategy of having product in warehouses across the country or world. You’ll want to make sure you have carefully planned agreements in place with contingency plans in the event of a fulfillment center stopping service. To get the most work for the lowest cost, employees often have long days with few breaks.

eCommerce 48

eCommerce Cost Reduction Inventory Reduction Price Reduction 48

Conger

MARCH 28, 2024

MaaS can lead to cost-minimization of transport services like public transportation, rental, and sharing offerings. Data Analytics This involves the collection of data reports from various fleet performance metrics, such as vehicle utilization, fuel consumption, and maintenance costs.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

Transporeon

APRIL 2, 2019

Many shippers expect prices to remain stable (44%) but no-one thinks that rates will decline (Transporeon/Xeneta survey, 2016). Carriers controlling a larger market share are able to dictate pricing and improve planning. With fewer alliances to choose from, it may become harder to drive competition and balance cost with service.

Price Reduction 48

Price Reduction Cost Reduction Negotiate Pricing Freight 48

GlobalTranz

SEPTEMBER 24, 2018

Customers want their orders faster and at lower prices, and shippers that are unable to fulfill these demands, will see customers abandon their company in favor of Amazon or Walmart. The need to integrate existing systems and offer the best pricing in the industry has never been greater. LEARN MORE. Get E-Commerce solutions.

3PL 84

3PL Logistics Network Optimization Software Supply Chain Software Transportation 84

WorkWave

APRIL 3, 2020

Current events have caused companies today to look for everything from environmentally-friendly cleaning solutions to sterilization techniques that prevent the spread of illnesses. The Rich Cleaner podcast provides proven strategies to boost your cleaning business and increase your bottom line. Time To Read: 4 minutes. Rich Cleaner.

Resource Reduction 58

Resource Reduction Negotiating Skills Buyer Training Purchasing Skills 58

CLX Logistics

APRIL 27, 2016

For suppliers and mid- to large-sized companies, supply chain visibility serves as the foundation for strategic decisions and tactical improvements across the entire transportation network. Much like any other strategic initiative or company-wide process change, leadership must start with the end in mind.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 40