GoShip Blog

JULY 18, 2022

Freight costs have a substantial effect on profitability and overall business growth. Learn how to optimize these costs to keep your supply chain running smoothly without paying exorbitant amounts for shipping. How freight costs impact your business. Ways you can optimize your freight costs.

Optimization Software 52

Optimization Software Cost Reduction Negotiating Skills Purchasing Skills 52

TransAudit

NOVEMBER 9, 2022

That can drive up your costs and throw off your project timelines. Fuel Costs. They could choose to drive up prices or withhold fuel altogether. As long as shipping depends on this natural resource, global conflict will have an outsized influence on the cost of getting items from one place to another. Political Decisions.

Supply Chains 86

Supply Chains Negotiating Skills Manufacturing Procurement Scenario Planning 86

Logistics Viewpoints

DECEMBER 7, 2021

Despite the epic supply chain problems, some companies have taken big steps to profitably meet consumer demand leading up to and during the busy holiday season. They face higher costs. In some cases, those same caps bring even higher costs. They have less negotiation power with carriers and partners.

Price Reduction 114

Price Reduction Cost Reduction Inventory Reduction Capacity 114

GoShip Blog

FEBRUARY 14, 2023

Less-than-truckload (LTL) shipping offers a cost-effective approach to transporting packages along your supply chain. Examples include missing freight, delivery delays, damaged products, hidden charges, ambiguous documentation, poor contract terms, and limited carrier networks.

Negotiating Skills 52

Negotiating Skills Material Savings Cost Reduction Price Reduction 52

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online. Minimum Order Quantity vs. Pricing Strategy. to your cart to get free shipping!”

Purchasing Skills 87

Purchasing Skills eCommerce Ordering Negotiating Skills 87

Logistics Viewpoints

JUNE 8, 2021

Today, these legacy retailers and Walgreens in particular stand out from competitors, boasting an increasing array of omnichannel fulfillment options and the ability to deliver orders to customers’ doors faster than ever, even if for a cost. How can we strategically house inventory to better support gig integration?

Supply Chain Planning Software 167

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Negotiating Skills 167

World Food Programme Logistics

APRIL 12, 2019

The main cause for this is the lack of knowledge on the part of national, departmental and municipal authorities and local producers. It also allowed WFP to decide on the most cost-effective payment modality so that it could inform the formulation of its strategic planning for 2018–2022. As a result, food?—?and

Purchasing Skills 40

Purchasing Skills Purchasing Negotiating Skills Buyer Training 40

Talking Logistics

JULY 5, 2018

For most individuals, surprises can be wonderful—but, as a shipper, you try to avoid them at all costs. In this post, I will outline how to select reliable core carriers and find the right third party logistics provider (3PL) for your business. Here are a few examples of factors that can influence your strategy.

Price Reduction 60

Price Reduction Expense Reduction Waste Reduction Cost Reduction 60

Logistics Viewpoints

SEPTEMBER 23, 2021

OnTrac , for example, stopped accepting new peak business on September 1, but capacity issues are just one of the carrier-related challenges shippers must overcome. When shippers can get the carrier capacity they need to get parcels to customers, they still must navigate steadily rising costs. Many unprepared U.S.

Negotiating Skills 102

Negotiating Skills Cost Reduction Logistics Network Optimization Software Capacity 102

Radius Logistics

FEBRUARY 15, 2024

Our team possesses in-depth knowledge, experience, and expertise in optimizing and managing supply chains. With decades of hands-on experience, we’ve seen it all and dealt with every conceivable issue, giving us unparalleled firsthand knowledge of how to approach any obstacle.

Supply Chain Software 26

Supply Chain Software Supply Chains Negotiating Skills Cost Reduction 26

Conger

DECEMBER 13, 2022

Reliable suppliers with quality supply practices achieve better operational performance in quality, flexibility, reliability, cost, and design. Although there can be a temptation to "chase" the best prices to far-flung places, a local/domestic supplier is a great choice to reduce lead times. Reduce costs.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Vendor Strategies Waste Reduction 52

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well.

Inventory Reduction 65

Inventory Reduction Cost Reduction Waste Reduction Vendor Strategies 65

Ship Monk

NOVEMBER 1, 2022

What is the cost of that to your business? All shipping carriers have different pricing models, just like all fulfillment centers have different pricing models. Take COVID for example. Whereas if an eCommerce merchant was rate shopping on their own and had to change carriers, pricing would also change.

Networks 52

Networks Negotiating Skills Inventory Reduction Cost Reduction 52

Talking Logistics

SEPTEMBER 20, 2017

That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supply chain. There may be instances where you will have to work more closely with carriers and book further in advance to ensure you can meet critical deliveries. Peak season for ocean freight shipping is underway.

Scenario Planning 63

Scenario Planning Freight How To Negotiating Skills 63

247 Customs Broker

MARCH 26, 2018

Our rates are going up and the carriers are completely unwilling to negotiate with us—where did we go wrong?”. Because they are transactionally focused when they should be taking a strategic approach. In this market, your carriers know that they don’t have to “negotiate” with you. Don’t like our rates?

Optimal Sourcing 28

Optimal Sourcing Sourcing Strategies Negotiating Skills Negotiate Pricing 28

Conger

FEBRUARY 5, 2024

And then there’s consideration of cost and manufacturer. Price: How much does the forklift brand and model cost? How much is the cost of a new vs used forklift in the model and brand? Ownership: How does the ownership model of the truck look? So, this post is your ultimate guide to buying a forklift.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Purchasing Skills Negotiating Skills 52

GlobalTranz

AUGUST 21, 2015

Rather than going on about how to keep your relationship positive, think about the following 10 reasons you need to maintain a positive relationship with your carrier(s). You need to have someone to pick up your merchandise and get it to your customers without any additional hassle, difficulties, or negotiations of current prices.

Negotiating Skills 94

Negotiating Skills Purchasing Skills Material Savings Manufacturing Procurement 94

Logistics Bureau

NOVEMBER 14, 2018

One of the challenges of ethical procurement is to know how to make it into a practical reality that people can apply in a consistent way. For example, how would you deal with the following situations in procurement? Your Italian company is negotiating the supply of aerospace products to a government in Asia.

Procurement Analytics 75

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 75

WorkWave

AUGUST 8, 2022

Cost of Living. The cost of living in each state is bound to be different. So if your job pays the same in California as it does in Texas, but it costs more to live in California than in Texas, then you’re not going to be able to live as well in California as you could in Texas. Hence, you can negotiate for higher pay.

Negotiating Skills 52

Negotiating Skills Optimization Software Buyer Training Cost Reduction 52

Logistics Bureau

OCTOBER 20, 2021

Perfect order results can help you assess performance and diagnose issues impacting service, costs, and overall supply chain effectiveness. As an example of how illuminating the perfect order KPI can be, let’s look briefly at damage-free delivery as an example. Calculating the Perfect Order. x 0.96 = 0.8661.

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

Ship Monk

JANUARY 20, 2023

Welcome back to the ultimate guide for enhancing your ecommerce knowledge! Businesses set MOQs when their costs are so high or their margins are so low on a particular product that they would lose money or see nominal profits producing or selling one unit at a time. It’s all about maintaining profitability.

eCommerce 52

eCommerce Inventory Reduction Material Savings Manufacturing Procurement 52

The Logistics Academy

FEBRUARY 13, 2017

For example, as online sales reach a record high, B2C service provider Jet.com uses some creative logistics concepts to bring value to customers. Another trend is learning how to deal with the avalanche of data that supply chain managers have at their fingertips. But hard skills must be coupled with soft skills.

Supply Chain Design Software 40

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

Logistics Bureau

MAY 8, 2023

I’m talking about enterprises that leave their interactions with freight carriers to one or two people with little or no logistics knowledge or experience because freight and logistics are not core competencies. The answer is that the approach could cost your company vast sums of money in unnecessary logistics costs.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

Logistics Bureau

OCTOBER 10, 2022

Inventory costs too high? For example, you can optimise for cost, profit, or service, but not for all of them. Alternatively, you can focus on profit and accept tradeoffs in service and costs or concentrate on the cost and accept service and profit tradeoffs. How to Improve Forecast Accuracy for Optimal Inventory.

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

GlobalTranz

OCTOBER 27, 2017

Editor's Note: Today's blog is from Ty Kiisel who shows us how you can be affected by your supply chain finances. . Every business, including manufacturing operations, rely on cash flow to meet important needs like fueling growth and keeping the manufacturing process rolling forward. The lead times for all my components are very long.

Supply Chain Planning Software 72

Supply Chain Planning Software Supply Chain Software Supply Chains Material Savings 72

Logistics Bureau

NOVEMBER 30, 2020

A common conundrum for companies is how to reduce their freight costs, which due to a recovery in demand following the Covid-19 pandemic have skyrocketed. Putting a lid on escalating freight costs has now become more important than ever. Negotiate for off-peak times. Make an in-depth cost analysis.

Cost Reduction 63

Cost Reduction Negotiating Skills Price Reduction Material Savings 63

247 Customs Broker

JUNE 6, 2018

Of course, that would be hard to do if the business in question needs to pile on costs just in order to increase its market share. In other words, investors like to see a business’ sales revenue grow faster than its costs. There is a point when average costs will actually rise as scale increases. Defining economies of scale.

Purchasing Skills 28

Purchasing Skills Negotiating Skills Sourcing Strategies Supply Chain Planning Software 28

247 Customs Broker

FEBRUARY 7, 2019

“We got together a good cross-section of departments in order to get a good view of what the 3PL had to offer and how that aligned with our organizational goals,” says Poel. Value-Justified Cost, Please. During those meetings, Poel brought up the “value-justified cost” of working with a single 3PL. the next morning. “We

Supply Chain Design Software 28

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 28

Logistics Manager

JULY 25, 2019

Their acute knowledge and experiences in developing teams, building customer and supplier relationships and being socially responsible are all key for growing their business as they push into the future as an innovator in the logistics industry. If we look at ASEAN, many of these same principles could be applied. Mr. Dean Thorpe.

Negotiating Skills 53

Negotiating Skills Logistics Network Optimization Software Digital Supply Chain Software 53

Automotive Logistics

OCTOBER 31, 2018

The urgent question is how to attract new people and retain them, and one of the main focuses for the ECG currently is on how to improve working conditions as a means to do so. “It Safety and skills. Drivers also need to be more secure in their daily practice. Equipment-makers Kassbohrer, Lohr and Rolfo are also represented.

Negotiating Skills 31

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Groups 31

Airfreight Logistics

JULY 25, 2019

Their acute knowledge and experiences in developing teams, building customer and supplier relationships and being socially responsible are all key for growing their business as they push into the future as an innovator in the logistics industry. If we look at ASEAN, many of these same principles could be applied. Mr. Dean Thorpe.

Negotiating Skills 47

Negotiating Skills Logistics Network Optimization Software Digital Supply Chain Software 47

Trinity Logistics

APRIL 22, 2022

I had the greatest pleasure in meeting and interviewing these folks and I can tell you that they fit right into our Trinity culture. I bring options and help move freight, by having a truck ready when a customer needs it for the right price.”. HOW LONG HAVE YOU BEEN WORKING IN LOGISTICS? HOW DID YOU GET STARTED IN YOUR CAREER?

Negotiating Skills 23

Negotiating Skills Logistics Network Optimization Software Freight Meeting 23

Logistics Bureau

OCTOBER 11, 2021

If so, your enterprise’s good fortunes are probably tempered by the challenges of meeting unprecedented demand for your wares. The first steps, of course, are to understand the challenges you face, prioritise them for action, and consider the resources and help you need to meet and overcome them. Supply Chain and Logistics Knowledge.

eCommerce 62

eCommerce Supply Chain Planning Software Negotiating Skills Material Savings 62

Parade

MAY 15, 2019

For example, they might be relying on verbal confirmation from a carrier who expressed interest in a specific opportunity. As such, they won’t vet them further, and will simply run through this process: If the above criteria are met, will the carrier haul the load for a price that both parties can agree on?

Negotiating Skills 60

Negotiating Skills Freight How To After-sales 60

SYSPRO Smarter ERP

JANUARY 12, 2022

With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges. They have a contract with a supplier who delivers on time, and who charges acceptable prices.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

Automotive Logistics

JANUARY 18, 2019

Barcode scanning is highly cost-effective and as pervasive within the North American automotive supply chain as elsewhere. With RFID, you receive the automated scanning and a barcode, along with readable instruction, for a very low cost. RFID prices have come down as the technologies have vastly improved.”.

Supply Chain Design Software 28

Supply Chain Design Software Optimization Software Supply Chain Software Logistics Network Optimization Software 28

EazyStock

MARCH 1, 2023

Suppliers use MOQs as they are more cost-effective and increase sales margins. Additionally, buying in bulk usually comes with a lower unit cost, bringing cost savings. MOQs vary depending on product, supplier and industry, but they are common in manufacturing and wholesale businesses.

Ordering 52

Ordering Purchasing Skills Inventory Reduction Procurement Solutions 52