GoShip Blog

JULY 15, 2022

For example, warehouse management systems (WMS) monitor and control your warehouse operations from a single platform. Outsourcing your order fulfillment to these companies frees you up to invest your time and energy into other aspects of your business, such as marketing or sales.

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Logistics Bureau

APRIL 5, 2021

As you’re going through the RFP/RFT process, you need to ensure absolute clarity, so the bidding 3PLs understand the specific outcomes you seek from your logistics outsourcing. Right from the start, make sure that you state very clearly: The elements of your operation that are to be outsourced. How you plan to measure the contract.

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3PL How To Negotiating Skills Supply Chain Design 63

Ship Monk

FEBRUARY 18, 2021

Apparel, for example, has too many subdivisions to be a true niche — there’s athleisure, swimwear, cocktail dresses, and so on and so forth, to infinity and beyond. Going back to the apparel example, let’s say a prospective buyer is looking for a shirt. How to Choose Your eCommerce Niche. What Are Niches Not? Compliments?

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eCommerce How To Cost Reduction Course 68

FourKites

DECEMBER 11, 2020

If you are running a smaller organization or one that outsources the majority of these services, this cost will likely not apply as much to you as to a full-scale enterprise that manages everything in-house. Examples of inventory carrying costs. How to calculate inventory carrying cost. How to reduce carrying cost?

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Inventory Reduction Cost Reduction Expense Reduction Resource Reduction 52

Trinity Logistics

JUNE 23, 2023

 One example is helping you with your routing decisions by matching your freight with the best carriers, lanes, rates, and transit service. It Onshoring refers to the overall practice of moving manufacturing operations from foreign soil back to the United States or outsourcing to domestic contract manufacturers rather than overseas.

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Blue Grace Logistics

MARCH 11, 2021

This can be an added cost for companies who choose to outsource in this way and also for companies who lose business to couriers. Shippers will need to follow the example of thoroughly integrated giants like Amazon to survive. The post The Hidden Cost Of COVID And How To Manage appeared first on The Logistics Blog.

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WorkWave

SEPTEMBER 2, 2021

This guide looks at all the critical aspects of how to start a delivery service business. There are various helpful tips out there you can use on how to buy a delivery route. For example, do you plan or purchase the equipment outright? A good example would be Bplans which has several high-quality templates you can use.

Logistics Network Optimization Software 52

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GlobalTranz

JULY 28, 2021

Outsourcing —the root of managed transportation—is also involved. As reported by Supply Chain Dive, “First is monitored outsourcing, which is the traditional form in which production or service is contracted out to suppliers with infrequent performance evaluations.

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Trinity Logistics

JUNE 23, 2023

 One example is helping you with your routing decisions by matching your freight with the best carriers, lanes, rates, and transit service. It Onshoring refers to the overall practice of moving manufacturing operations from foreign soil back to the United States or outsourcing to domestic contract manufacturers rather than overseas.

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Logistics Bureau

SEPTEMBER 20, 2022

If you follow our blog, you’ll know that we often post articles about logistics outsourcing. We’ve outlined the pros and cons, discussed the steps in the outsourcing process, looked at mistakes contributing to outsourcing failure, and offered guidance to avoid those errors. Decide in Haste, Repent at Leisure.

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Ship Monk

FEBRUARY 24, 2024

For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client. In the previous example, you have the physical weight that extra travel inventory creates in your luggage that you have to lug around. The advantages of outsourcing to a third-party logistics partner don’t end there.

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Logistics Bureau

JULY 10, 2023

If not, this post should help, because we’re highlighting several logistics challenges that 3PL outsourcing can often help businesses to overcome. However, if you find that the need to manage logistics is distracting your employees from the tasks they were originally hired for, outsourcing to a 3PL could improve your situation.

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Trinity Logistics

FEBRUARY 14, 2022

For example, raw agricultural materials have increased 117 percent since 2000 , rubber has seen an increase of 359 percent, and steel is up 167 percent. How to Better Manage Operating Costs in the Chemical Industry. Outsourcing your transportation is one solution to that problem. Rising Raw Material Costs.

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MTS Logistics

OCTOBER 21, 2020

Many companies are still unaware of how to go about exploiting AI. Tools like Kissmetrics, for example, enable businesses to analyze marketing data to support decision-making by management. Outsource IT to reduce outages, downtime, and more. Use Artificial Intelligence (AI) for routine tasks.

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Ship Monk

JULY 28, 2022

This article will show you the difference between these types of inventory and how to calculate Work in Process inventory. If your eCommerce business makes and sells hats, for example, you purchase raw materials such as fabric, thread, leather, ribbon, etc. How to Calculate Inventory Assets. How to Calculate WIP Inventory.

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Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

Ship Monk

AUGUST 3, 2022

Not all of those examples are exactly illustrious, but they do (for the most part) prove that two heads really are better than one. A logistics service provider takes over all those processes (an action otherwise known as “outsourcing”) to hopefully make your life a whole lot easier. How to Choose a Logistics Service Provider.

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Logistics Network Optimization Software eCommerce Inventory Reduction Resource Reduction 52

Ship Monk

JANUARY 11, 2024

How to Prevent Damage to Your Brand The first and best way to keep returns from damaging your brand is to prevent as many as you can. Let’s take apparel, for example. For example, don’t process refunds until the product is returned and inspected; and don’t offer refunds for items without the original tag and packaging.

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Blue Grace Logistics

MARCH 26, 2020

As reported by Steve Baker of Forbes , the outsourcing of managed transportation services to other entities has different terminology depending on location. For example, managed transportation or transportation management might be the ideal terms to use in the US. Ways 3PLs Excel in Managed Service and Value.

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Ship Monk

AUGUST 2, 2023

A product category like apparel, for example, has too many subcategories to be considered a niche. Whether you’re an e-tailer that sells a variety of brands, or a startup brand trying to make a name for itself, your niche will help you figure out how to present yourself to the world (and what parts of the world you can safely ignore).

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eCommerce Material Savings Cost Reduction Inventory Reduction 52

Logistics Bureau

MAY 30, 2022

In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. For example: Alignment of strategy and cost leads to happy shareholders. How accurate and effective is your demand planning? Why does the C-suite want the three pillars aligned?

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Ship Monk

MARCH 14, 2024

How to Get Started Opening your ecommerce business to an international market is no small undertaking. Then, compare the cost of handling fulfillment from the US, to outsourcing everything to a global fulfillment partner. What does that strategy entail? That’s what you’re about to find out.

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Blue Grace Logistics

FEBRUARY 28, 2019

For example, the sales department needs logistics data to analyze orders that have been shipped, customer service needs information to update shipment status, and the accounts section requires the data to cross-check transporter invoices.

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Ship Monk

DECEMBER 5, 2022

Stick with us and you’ll learn how to calculate landed cost — and how this number affects your profitability. How to Calculate Landed Cost. Another solution is to outsource your fulfillment and shipping operations to a 3PL like ShipMonk. landed costs. What is Landed Cost? Assumed Cost (manufacturing + shipping): $50.

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Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

Locus

JUNE 23, 2023

Read Also: How to Improve Net Promoter Score for Your Courier Company What are the processes involved in Order fulfillment? D2C order fulfillment strategy is the best example for this in-house order fulfillment where the company receives the order from the customer and directly ships that order to that customer.

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3PL Insights

SEPTEMBER 20, 2021

Outsourcing the order processing to a 3PL like Evans Distribution Systems, streamlines the order management process, yet requires integration between your e-commerce platform and the 3PL’s warehouse management system. Here are the basics of how it works. Step 1: Choosing How to Integrate.

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Forto

SEPTEMBER 27, 2018

Knowing how the biggest ports compare and what it means for shippers can help reduce ocean freight spend, improve supply chain efficiencies, and enhance carrier selection. Also, awareness breeds better understanding of ocean freight rates and how to keep costs under control. How to Get the Most from China’s Biggest and Busiest Ports.

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3PL Links

DECEMBER 2, 2022

Outsourcing: Delegating the duties of incoming logistics to a professional outside the firm is known as outsourcing. Examples of Inbound Logistics Strategies. How to achieve adequate inbound logistics? This technique entails purchasing the primary raw material source in order to have more control over supply.

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Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Ship Monk

FEBRUARY 8, 2023

Whether you manage your own fulfillment warehouse or outsource ecommerce order fulfillment and logistics to a 3PL , there is always room for improvement. But how do you identify what is going well and what needs improving? This, of course, means that streamlining those warehousing and fulfillment operations can drive profitability.

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Optimal Sourcing Operations Optimization Software Inventory Reduction 59

Conger

JANUARY 27, 2023

Ready to learn how to prevent downtime and save money in your operation? For example, you can automate many material handling tasks if you have trouble finding forklift operators. For example, you can try experimenting with schedules. If you outsource equipment maintenance providers like UFS , they can help you with this.

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Manufacturing Procurement Modeling Software Buyer Training Optimal Sourcing 52

Logistics Bureau

MAY 8, 2023

It will typically be a choice between hiring logistics professionals, investing in relevant training and education for existing staff, or outsourcing your freight management activity. That’s not to say outsourcing will be suitable for every company.

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Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

Ship Monk

MARCH 12, 2024

Maybe shoppers are looking to place an ecommerce order for a cheese lover—bundled online options like a set including wine, cheese knives, and cutting board saves your buyer from having to browse around the website through a large quantity of SKUs for ideas on how to complete a gift with their own selections.

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Material Handling and Logistics

DECEMBER 14, 2018

Learn how to organize your data operations in alignment with supply chain strategy. But before they can fulfill their role as the team that delivers, supply chain organizations must figure out how to use data more effectively. More data is coming in than ever before. to anticipate conditions that signal an emerging demand spike.

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Logistics Business Magazine

AUGUST 11, 2023

That way, processes can be better defined and understood, employees at all levels trained and other necessary capabilities – maintenance, for example – built up at a manageable pace. Operational input – will the proposals actually meet the requirements of, for example, seasonal peaks.

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Automation Modeling Software Vendor Strategies Buyer Training 57

Ship Monk

JUNE 8, 2022

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. Most of these methods rely on past sales data, future forecasting, or a combination of the two to help inventory managers predict how much inventory they’ll need. How to Calculate Setup Costs. How to Calculate Holding Costs.

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GlobalTranz

JUNE 24, 2016

Gainsharing comes with its share of benefits too, and more logistics services providers are starting to use a newer pricing model, Vested Outsourcing, in place of rigid gainsharing models. However, this additional growth could be gained from other sources, which is why some are turning to Vested Outsourcing.

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GlobalTranz

FEBRUARY 25, 2021

For example, the reverse logistics process includes the management and the sale of surplus as well as returned equipment and machines from the hardware leasing business. How to Optimize Your Return Logistics Through Integration. For example, ISO standards mandate the proper disposal of electronics to prevent data theft.

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Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

Now, That's Logistics

FEBRUARY 23, 2021

Shouldering the responsibility of duty and tax management, versus outsourcing the task to a competent third party, may sound undesirable, but Zelano said there are also some positives that will come from having a CBSA client portal. Benefits of a Direct Portal.

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Logistics Network Optimization Software Supply Chain Software Compliance Seminar 88