Ship Monk

DECEMBER 5, 2022

Could there be hidden costs you’re not accounting for in your pricing strategy? One of the most common mistakes direct-to-consumer (DTC) ecommerce brands make is failing to understand and track their true costs, a.k.a. landed costs. What is Landed Cost? Landed Cost vs. Cost of Goods Sold.

Negotiating Skills 52

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Trinity Logistics

JANUARY 16, 2020

Customer specific pricing (CSP) is one approach that third-party logistics (3PL) brokers use in the Less-than-truckload (LTL) industry to pursue, secure, and operate LTL business. CSP refers to the negotiating and publishing of customer specific pricing programs with LTL carriers for a specific LTL shipper. Carrier bid analysis.

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Forto

AUGUST 17, 2021

Within this article, we take a closer look at pricing beyond the standard IATA freight rates and shed some light on the various legal frameworks of this air freight. Once the decision has been made to transport the cargo by air, the next step is to negotiate and sign the appropriate shipping contract. Spot Market. Allocation.

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Ship Monk

JULY 20, 2023

Even once you’ve decided on a shipping carrier and shipping service, the cost to send packages can vary greatly as a result of many factors. Here you’ll learn about the different factors that affect shipping costs including base rate, surcharges, weight, shipping zones, and shipping speed.

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Negotiating Skills Purchasing Skills eCommerce Cost Reduction 52

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

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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. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU. kg China – N.

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ShipLilly

MARCH 1, 2023

Price wars, cheap contracts, & new ships There is widespread interest in the next steps for the container trade following a series of significant changes. For example, the past few months have seen new shipping alliances, increasing price competition, the risk of over-capacity, and drastic changes in trade volumes.

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Logistics Viewpoints

MARCH 24, 2022

Retailers also took steps to contain costs and preserve margins as they reoriented toward e-commerce like never before, including putting solutions in place to more effectively navigate carrier capacity caps and improve the visibility, accessibility, and mobility of inventory. More to give the organization.

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GlobalTranz

JULY 14, 2016

Many businesses have a tendency to hastily go through small package contract negotiation processes. Unfortunately, many of these entities to end to have a large small package or parcel spend, but a small package outside negotiator can help save significant revenue. Why You Need a Small Package Outside Negotiator.

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Dedola Global Logistics

DECEMBER 16, 2019

Archives When it comes to choosing the right international freight forwarder for your shipping needs, cost plays a factor in your decision. An experienced forwarder or third-party logistics company (3PL) can help you improve your bottom line by reducing your soft costs in addition to saving you money on hard costs. Our TrakIt!

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ShipLilly

MARCH 22, 2022

Getting the best LTL shipping rates is a matter of careful planning and negotiation. Ideally, all the costs should be budgeted to avoid cash flow problems. This pricing variance implies a loss of control over your budget. Some experts argue that LTL shipping is a jungle of costs and opportunities.

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FreightWaves SONAR

MARCH 5, 2021

That’s why the only way to figure out a real commission plan rests with knowledgeable sales. Managers will need to train carrier sales teams to understand the importance of using the correct carrier at the right time, and they must be able to negotiate effectively in order to maintain recurring revenue.

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Freightos

JANUARY 15, 2024

The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began.

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Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 116

Dedola Global Logistics

MARCH 7, 2023

While this option may appear convenient and cost-effective, there are several reasons why it may not be the best choice for your business. Additionally, automatic rate quotes may not consider any specific requirements for your cargo, resulting in an incomplete price.

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CLX Logistics

JUNE 27, 2023

Understanding how a provider can alleviate and eliminate rail transportation issues is vital for ensuring efficient rail freight operations, cost-saving opportunities, and relieving your business from avoidable stressors, hiccups, and pitfalls.

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Dedola Global Logistics

MARCH 7, 2023

While this option may appear convenient and cost-effective, there are several reasons why it may not be the best choice for your business. Additionally, automatic rate quotes may not consider any specific requirements for your cargo, resulting in an incomplete price.

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GlobalTranz

JANUARY 27, 2015

This is a two part series talking about the implications of the shift towards dimensional weight pricing. Today’s post will cover more on what is dimensional weight pricing and some tips to know to get prepared for a possible sweeping shift to DIM pricing in less-than-truckload (LTL) shipping.

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Logistics Viewpoints

MAY 25, 2023

But I’d like AI more to a magic trick, so allow me to direct your attention to the technology behind the curtain to highlight both its risks and its rewards and to share the essential leadership skills AI cannot provide. Any human with a browser can produce this result, since it requires no sophisticated coding skills or knowledge.

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GoShip Blog

DECEMBER 29, 2022

Shipping is a cost neither business owners nor their customers enjoy having to shoulder. Shipping costs often leave the affected parties no choice but to learn how to deal with it. Fortunately, there are effective strategies you can employ to reduce your e-commerce store’s shipping costs. Here are six you should try: .

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Trinity Logistics

AUGUST 31, 2022

A TMS is an excellent investment and according to Logistics Management Magazine, has been shown to reduce transportation costs by up to 30 percent. Freight Accruals Cost Allocation Carrier Scorecard Least Cost Carriers Power Lanes. Freight accruals can give you insight to your transportation costs in your logistics analytics.

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Trinity Logistics

JULY 12, 2023

LTL SHIPPING RATES ARE NON-NEGOTIABLE Some believe that there’s no room for negotiation when it comes to rates for this mode. In reality, you can negotiate your LTL shipping rates but you’ll need a solid relationship with your carrier to see any benefit. No problem.

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Negotiating Skills Tracking and Tracing Temperature 3PL 92

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.

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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.

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FreightWaves SONAR

MARCH 26, 2024

Take, for example, the market of Twin Falls, Idaho in comparison to Lakeland, Florida. Users of SONAR are then able to use the most up-to-date market data to react with pricing and capacity strategies faster to strengthen negotiations, compliance and relationships. This can be seen in a list or map view form.

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FLS Transport

JULY 7, 2022

This week’s report covers port slowdowns due to failed contract negotiations, cargo pile up at west coast ports, excess inventory that’s out of season, crude oil exports, and digital license plate pilot program. PORT SLOWDOWNS | Contract negotiations fail as dock workers fight against port automation improvements. Find out why.

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FreightWaves SONAR

APRIL 25, 2023

When operating minibids or short-term RFPs, or when pricing individual loads, it is important to understand the directional movement of freight trends in order to be proactive in your pricing strategy. Careful planning, negotiation and execution are key to securing capacity and optimizing supply chain operations.

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GoShip Blog

OCTOBER 13, 2020

Negotiable rates. Unlike LTL freight shipping , full truckload pricing is more flexible. In the realm of LTL, once a carrier has given you a rate, it is non-negotiable. On the other hand, full truckload freight rates are more dependent on the market conditions at the moment, and therefore can be negotiated.

Negotiating Skills 98

Negotiating Skills Price Reduction Cost Reduction Freight 98

Logistics Viewpoints

JANUARY 11, 2021

The big spend categories that are the focus for negotiations are contingent/professional labor and IT Hardware/Software & Cloud/Data Center services. NTT DATA is looking to work with fewer, more strategic partners. The SAP Ariba solution gathers historical data that aids in the negotiations.

SAP 104

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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.

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Logistics Bureau

FEBRUARY 15, 2021

You consider, for example, the number of seats you want in the vehicle and whether you want a 4-wheel drive, a sedan, or an SUV. Once you have done that, you move into getting prices on the vehicles. Purchasing: Once you know what you want, you go out and find what you want for the right price. But it’s not only the price.

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Logistics Viewpoints

NOVEMBER 18, 2022

How Walmart automated supplier negotiations. Rail strike could cost economy billions. The company has realized it cannot conduct focused negotiations with all of its 100,000-plus suppliers. As a result, around 20 percent of its suppliers have signed agreements with cookie-cutter terms that are often not negotiated.

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Dedola Global Logistics

DECEMBER 16, 2019

How To Reduce Soft Costs in Shipping. When it comes to choosing the right international freight forwarder for your shipping needs, cost plays a factor in your decision. What is the difference between hard costs and soft costs? What is the difference between hard costs and soft costs? How can TrakIt!

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Transporeon

JANUARY 25, 2018

In the case of an Amway multivitamin, for example, the company controls the process “from seed to supplement,” transporting raw materials to manufacturing sites in the U.S., Faster bid process with full control over negotiation Managing the bid process with Ticontract also saved a valuable amount of time. “We

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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. It is also likely that the price of fuel will inform operational decisions. There is every possibility that the options available to the ocean carriers will be minimal.

Negotiating Skills 52

Negotiating Skills Cost Reduction Price Reduction Capacity 52

Trinity Logistics

JULY 12, 2023

LTL SHIPPING RATES ARE NON-NEGOTIABLE Some believe that there’s no room for negotiation when it comes to rates for this mode. In reality, you can negotiate your LTL shipping rates but you’ll need a solid relationship with your carrier to see any benefit. No problem.

Negotiating Skills 67

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ShipLilly

MAY 12, 2022

In this case, the BoL is not negotiable. The transportation and delivery are pre-negotiated without any room for amendments. The holder of the bill can claim possession; hence, it is negotiable. Negotiable bill of lading. This is a negotiable BoL that is made out to someone. It then becomes a receipt upon delivery.

Document 98

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Kanban Logistics

JUNE 25, 2020

As a fulfillment provider, we receive many questions about eCommerce fulfillment costs. In this article, we’ll take a closer look at fulfillment costs and show you how partnering with a third-party logistics (3PL) provider can result in significant cost savings compared to handling fulfillment on your own. Reduce parcel costs.

Negotiating Skills 52

Negotiating Skills Purchasing Skills eCommerce Cost Reduction 52