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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. One study shows that one in three companies in the United States has jobs that are taking nine to 12 months to fill. Sea Change—A Supply Chain Career is now seen as ‘Cool’.

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8 Essential Steps to Selecting a TMS Solution and How to Get Started?

GlobalTranz

Cutting costs and maximizing value are hallmarks of an efficient transportation management system (TMS) solution. In fact, using a TMS solution decreases freight costs for more than 60 percent of companies surveyed, reports ARC Insights. More recent studies have found similar results. Ask About How Optimization Is Achieved.

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How to Create a Truckload Strategy That Works in Any Market

Talking Logistics

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. We have been studying truck freight attributes and strategies since 2006.

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Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

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.

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How to Reduce 2-Day Shipping Costs

Ship Monk

Offering the preferred, faster 2-Day shipping option could eat away at your profit if you support the cost entirely. Over 50% of online shoppers stated they’d abandoned baskets at some point due to delivery costs. So the question becomes: is it possible to offer 2-Day shipping at an affordable price?

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Supply Chain & Logistics Education: Ask the Professors

The Logistics Academy

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.