GoShip Blog

JANUARY 21, 2020

Specifically, more retailers are now developing and deploying vendor compliance programs for their suppliers to manage the business on pre-determined conditions. While this makes retail companies more secure, it poses an additional challenge for shippers and vendors to meet the terms of the partnership. Process delays.

Vendor Strategies 52

Vendor Strategies Compliance Negotiating Skills Cost Reduction 52

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

Ship Monk

APRIL 5, 2024

The process involves collecting quantitative and qualitative data concerning vendor-provided goods and services, and analyzing this data for opportunities to improve (or reasons to end) the relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn.

Negotiate Pricing 85

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 85

Logistics Bureau

AUGUST 2, 2021

The price you pay your vendors for their products is a significant factor in your company’s ability to compete in its market. Here, we’re talking about all your vendors. Purchase order cycle time is a KPI that measures the elapsed time between raising a requisition request and the transmission of the purchase order to the vendor.

Procurement Analytics 117

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 117

GlobalTranz

AUGUST 17, 2015

A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle. A comprehensive supplier management strategy helps organizations arrange suppliers based on different tiers of importance and reliability. .

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction 98

SYSPRO Smarter ERP

JULY 26, 2022

Each vendor offering similar value propositions, functionality and benefits and technical jargon is the name of the game. If you are about to embark on the journey towards finding a new ERP vendor, here are some considerations and guidelines centered on those three factors. . and the benefits of next generation technologies.

Modeling Software 105

Modeling Software Optimization Software Vendor Strategies ERP 105

GlobalTranz

FEBRUARY 2, 2015

So why do we feature content related to Vendor Managed Inventory? Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model. ” Vendor Managed Inventory Model: A Quick Back Story.

Vendor Strategies 94

Vendor Strategies Inventory Reduction Modeling Software Inventory 94

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? At that point, each SKU will be taken to any convenient storage location in the warehouse.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

Blue Grace Logistics

SEPTEMBER 15, 2022

Managed Logistics Meets Five Challenges for Complex Supply Chain Operations Show Submenu Resources. In searching for a provider, here are five tactical challenges that any MLP must meet. Successful inbound programs start with a good vendor routing guide. Equally important is to monitor and assure vendor compliance.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Supply Chains Meeting 62

TransAudit

DECEMBER 13, 2023

By embracing a circular supply chain, industry leaders can help: Eliminate waste and pollution Circulate products and materials at their highest value Regenerate nature As organizations continue to optimize supply chains , this process can provide significant benefits. A circular supply chain can reduce greenhouse gas emissions.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chains 88

Logistics Business Magazine

DECEMBER 16, 2021

Governments across the globe are urging businesses to do more to reduce greenhouse gas emissions across the supply chain. In response, companies are taking sustainable leadership to new levels, with a particular focus on reducing their Scope 3 emissions to actively assist in supply chain decarbonisation.

Waste Reduction 59

Waste Reduction Vendor Strategies Cost Reduction Resource Reduction 59

Trinity Logistics

SEPTEMBER 16, 2021

With costs rising recently, it’s easy to see why the challenge for many companies has been to reduce their transportation costs. Before we jump into how to reduce your transportation costs, it’s essential to understand what factors are causing them to rise. STEPS TO REDUCE TRANSPORTATION COSTS. CUT YOUR MANUAL PROCESSES.

Cost Reduction 74

Cost Reduction Expense Reduction Price Reduction Vendor Strategies 74

AIMMS

SEPTEMBER 28, 2020

Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. In the report, you will find capabilities across five categories: technologies, competencies, frameworks, operating model strategies, and organizational models. Firefighting is the norm.

Supply Chain Design Software 166

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 166

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

Freightos

NOVEMBER 7, 2023

Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Some anticipate downsizing among forwarders for the same reasons.

Negotiating Skills 116

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 116

Logistics Bureau

AUGUST 7, 2023

In this article, we’ll look at some of those challenges and explore potential solutions to help you and your IM team meet the burgeoning demand for fast and accurate order fulfilment. So what can you do to ensure your inventory management meets the challenge of multichannel sales? Book a free consultation.

Inventory Reduction 89

Inventory Reduction eCommerce Inventory Procurement Solutions 89

Ship Monk

FEBRUARY 27, 2024

ShipMonk CEO Josh McCarter highlights how our 3PL “is deeply focused on driving value to our clients and being a true partner, not just a vendor. That facility joined our extended global network in 2021, and was one part of an ongoing strategy to expand our reach worldwide so our clients have the fastest, most affordable shipping possible.

Vendor Strategies 86

Vendor Strategies eCommerce Cost Reduction 3PL 86

GlobalTranz

NOVEMBER 3, 2015

We first did an overview of the 10 areas of strategy a shipper must know in order to stay competitive. Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. The essence of strategy is choosing what not to do. ” ― Michael E. Our first post focused on distressed shipments.

Inventory Reduction 112

Inventory Reduction Vendor Strategies Cost Reduction Waste Reduction 112

GlobalTranz

APRIL 12, 2017

An inbound vendor routing guide is comparable the beating heart of your operation. Creating an effective inbound vendor routing guide is not without its share of challenges. Assess Your Current Inbound Vendor Routing Guide. For example, provide direction for each vendor that comes from a specific area.

Vendor Strategies 48

Vendor Strategies Inbound Cost Reduction Price Reduction 48

FW Logsitcs

JANUARY 24, 2024

Cross-docking optimizes supply chain efficiency by eliminating the need for warehousing inventory. Supply chains that utilize this process are able to meet customer demands faster by avoiding extra inventory handling steps. This process reduces inventory carrying costs, risk of damage/obsolescence, and warehouse space needs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Vendor Strategies Waste Reduction 52

Logistics Viewpoints

NOVEMBER 15, 2022

This flexible, less comprehensive WMS strategy reduces risk, accelerates digital transformation, improves long-term flexibility, and gives companies immediate access to the technologies they need to compete for the long haul. One might say, an all-in-one WMS eliminates the costs and risks of integrating your WMS with external systems.

Optimization Software 136

Optimization Software Inventory Reduction Production Vendor Strategies 136

Logistics Business Magazine

SEPTEMBER 27, 2023

Zebra Technologies Corporation today released the findings of its 2023 Global Warehousing Study, which confirmed 58% of warehouse decision-makers plan to deploy radio frequency identification (RFID) technology by 2028 which will help increase inventory visibility and reduce out-of-stocks.

Supply Chain Planning Software 59

Supply Chain Planning Software RFID Supply Chain Software Inventory Reduction 59

Stord

OCTOBER 18, 2023

For growing brands, delivery consolidation fulfillment allows them to adopt new B2B partners without taking on excess outbound freight costs for unused truck space while meeting individual retailers’ shipping requirements. Services or features referenced are provided for example only and specific results are not guaranteed.

Efficiency 60

Efficiency Vendor Strategies Cost Reduction Distribution 60

WorkWave

MARCH 27, 2023

It allows you to tailor your products and services to meet local needs. You can also develop marketing strategies that resonate with community members. For example, local employees might understand local culture and customs. This can reduce the time required to introduce employees to the area.

Expense Reduction 52

Expense Reduction Cost Reduction Resource Reduction Vendor Strategies 52

Logistics Bureau

JANUARY 7, 2020

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 122

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 122

Logistics Bureau

JANUARY 9, 2019

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

GlobalTranz

APRIL 7, 2017

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. Vendors are businesses too, and like businesses, they are in it for themselves first. Real-Time Data Promotes Use of Lowest-Cost Carriers. .

Vendor Strategies 55

Vendor Strategies Inbound Cost Reduction Inventory Reduction 55

GlobalTranz

APRIL 25, 2017

Meanwhile, the increasing number of regulations and requirements on shippers has created a paradox between saving money and still meeting all requirements. The concept of actionable intelligence is about using technology and software to ensure company goals reflect industry strategy and demands. Why Work With a 3PL?

Supply Chain Software 62

Supply Chain Software Cost Reduction Resource Reduction Vendor Strategies 62

Logistics Viewpoints

APRIL 24, 2023

The supply chain design solution, for example, continues to grow in depth and usability. In fact, when Coupa acquired LLamasoft – the leading supply chain design software vendor – back in 2020, the product synergies were not at all clear to me. Virtually every enterprise application vendor claims to offer a platform.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 121

SYSPRO Smarter ERP

OCTOBER 20, 2021

It may seem like a fundamental change, but digitization has enabled the elimination of paper archives as well as countless sheets, folders and files. In the factory environment, one example is the digitization of records for a more efficient method of record keeping, thereby improving the batch traceability process.

Digital 133

Digital Factories Supply Chain Planning Software Supply Chain Software 133

Logistics Bureau

JULY 19, 2021

Nevertheless, a recent meeting with a software vendor brought home to me how profoundly digital technology, primarily when provided via cloud-hosted SaaS delivery models, influences the focus of business relationships. The Problem with Vendor/Consultant Partnerships. The Problem with Vendor/Consultant Partnerships.

Supply Chain Planning Software 112

Supply Chain Planning Software Logistics Network Optimization Software Modeling Software Supply Chain Software 112

FreightWaves SONAR

SEPTEMBER 29, 2023

As core sections of economies around the globe shut down, manufacturers and vendors found themselves in a precarious position. For example, as seen in scenario A1, the global unconstrained demand for air cargo will fall by 14% of pre-crisis volumes in the second quarter of 2020 and will not rebound to 2019 levels until around mid-2022.”

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

Now, That's Logistics

SEPTEMBER 14, 2021

5 Good Supply Chain Visibility Strategies. Once you’ve come up with a few ideas, meet with internal departments, Tier I vendors, logistics providers, and other stakeholders to discuss these problem areas. What visibility-related “mountains” are your firm attempting to climb right now? Move into the cloud.

Supply Chain Software 78

Supply Chain Software Supply Chains Logistics Network Optimization Software Inventory Reduction 78

Ship Monk

MARCH 30, 2023

You may have already looked into investing in solar panels for reduced carbon emissions or keep a metal straw in your purse for when you get sodas to-go. 5 Strategies for Sustainable Supply Chain Management We know the why , but what about the how ? For example, what is your packaging situation?

Supply Chain Software 80

Supply Chain Software Supply Chains Sourcing Strategies Material Savings 80

GlobalTranz

JULY 28, 2021

An optimized supply chain is one that is as efficient as possible; it is more likely to reduce costs, increase customer satisfaction rates, and add value for stakeholders. Using an offshore vendor to manufacture a component for a larger automotive assembly is a typical example. Defining Transportation Optimization. Learn More.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

GlobalTranz

JUNE 11, 2015

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System. Reduced supplier nonconformance from 176 to 30.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Examples Case Study 94

GoShip Blog

MARCH 21, 2023

Without them, you would not be able to meet customer demands. How to Create an Effective Inbound Freight Management Strategy To ensure that your inbound freight systems are seamless and efficient, you will have to pour time and energy into implementing the new processes into your business.

Inbound 52

Inbound Optimization Software Material Savings Optimization 52