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.

Negotiating Skills 114

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 114

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.

Supply Chain Planning Software 131

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 131

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.

Negotiating Skills 75

Negotiating Skills Price Reduction Cost Reduction Capacity 75

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?

Negotiating Skills 82

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 82

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

EazyStock

FEBRUARY 17, 2021

Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control. Inventory Replenishment Strategies to Boost Profitability. However, businesses are also acutely aware that holding inventory costs money. Both can be very costly.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

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.

Negotiating Skills 49

Negotiating Skills Packaging Resource Reduction Price Reduction 49

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.

Negotiating Skills 75

Negotiating Skills Tips Price Reduction Cost Reduction 75

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.

Negotiating Skills 98

Negotiating Skills Modeling Software Sourcing Strategies Logistics Network Optimization Software 98

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.

Negotiating Skills 52

Negotiating Skills Price Reduction Supply Chain Planning Software Outbound 52

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.

Supply Chain Planning Software 52

Supply Chain Planning Software Negotiating Skills Data Scenario Planning 52

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.

Negotiating Skills 107

Negotiating Skills Price Reduction Cost Reduction Freight 107

Conger

APRIL 1, 2024

By carefully planning and scheduling maintenance before issues arise, businesses can avoid interruptions and reduce costs associated with emergency repairs and downtime. Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Let’s dive in!

Material Savings 83

Material Savings Expense Reduction Resource Reduction Cost Reduction 83

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.

Negotiating Skills 49

Negotiating Skills Price Reduction Cost Reduction Waste Reduction 49

GoShip Blog

OCTOBER 13, 2020

Regardless of the shipping method, you are using right now, truckload shipping can be a great way to optimize your transportation strategy. Regardless of the shipping method, you are using right now, truckload shipping can be a great way to optimize your transportation strategy. Negotiable rates. Faster transit times.

Negotiating Skills 98

Negotiating Skills Price Reduction Cost Reduction Freight 98

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.

Negotiating Skills 93

Negotiating Skills Collaboration Material Savings Freight 93

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. 2020 carrier strategy. It is also likely that the price of fuel will inform operational decisions. The role of fuel. in January and 0.3% in February. in March and 5.6%

Negotiating Skills 52

Negotiating Skills Cost Reduction Price Reduction Capacity 52

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.

Negotiating Skills 110

Negotiating Skills Cost Reduction Supply Chain Planning Software Capacity 110

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. 1 As the ability to strategize bidding continues to improve and keep shippers competitive, that number will continue to grow.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

Logistics Viewpoints

DECEMBER 7, 2021

They face higher costs. In some cases, those same caps bring even higher costs. They have less negotiation power with carriers and partners. Carrier capacity management strategies ease the crunch. A growing number of shippers now embrace the gig economy to get orders to customers, for example.

Price Reduction 114

Price Reduction Cost Reduction Inventory Reduction Capacity 114

GlobalTranz

APRIL 10, 2017

Shippers often forget about the possible savings through an effective inbound logistics strategy. Unfortunately, this disconnect could be costing tens of thousands of dollars and eating away at your bottom line. Reducing Costs in Shipping with a Focus on Inbound Logistics Strategy.

Cost Reduction 71

Cost Reduction Vendor Strategies Inventory Reduction Inbound 71

GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. The blending of both new and existing resources supports transparency and offers financial and strategic advantages to shippers and the solutions provided through the logistics transportation service. . Learn More.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Optimal Sourcing Optimization Software Modeling Software 123

3PL Links

DECEMBER 2, 2022

Given that it is a subject that every businessperson should be knowledgeable about, it is a crucial logistics function in the supply chain. Strategies for efficient inbound logistics that you can use in your business. Cost savings through supplier negotiations. Inbound Logistics Strategies.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

Talking Logistics

JULY 5, 2018

For most individuals, surprises can be wonderful—but, as a shipper, you try to avoid them at all costs. Develop a comprehensive truckload strategy so you’re prepared to handle just about anything. Building the right truckload strategy for your business. We have been studying truck freight attributes and strategies since 2006.

Price Reduction 60

Price Reduction Expense Reduction Waste Reduction Cost Reduction 60

Blue Grace Logistics

MAY 7, 2019

The CFO is also responsible for identifying opportunities to reduce operating costs without sacrificing the quality of the products and services offered by the company. But is it a good strategy to wait for things to go wrong to ask the CFO to step in? But is it a good strategy to wait for things to go wrong to ask the CFO to step in?

Negotiating Skills 48

Negotiating Skills Purchasing Skills Supply Chain Planning Software Supply Chain Software 48

GlobalTranz

JUNE 11, 2018

Small and mid-sized shippers may not have the skills necessary to negotiate transportation contracts, including those involving full truckload shipping. Beda of Inbound Logistics , this problem grows when applied to international shipping, and shippers may not even be considering total shipping costs. Fuel costs.

Negotiating Skills 74

Negotiating Skills Buyer Training White Paper 3PL 74

Logistics Viewpoints

FEBRUARY 17, 2023

Expanding the smart package initiative will help UPS strengthen its network efficiency as it seeks to reduce costs in a cooling demand environment. hope to slash shipping costs and save millions of dollars when they sit down later this month to negotiate long-term contracts with ocean carriers following last year’s surge in rates.

Supply Chain Planning Software 121

Supply Chain Planning Software Logistics Network Optimization Software Cost Reduction Waste Reduction 121

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. The company also realized a 10% increase in stock price since the summer of 2014, in a highly competitive and regulated market.

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction 98

GlobalTranz

OCTOBER 13, 2015

Or are you a Logistics Manager curious about what it costs to become a freight broker either because you want to know that whom you are working with has done all the right things (you know, since they'll be managing your freight) or because you yourself may want to be a freight broker? The Cost to Be a Freight Broker. Licensing Costs.

Negotiating Skills 109

Negotiating Skills Cost Reduction Price Reduction Freight 109

Logistics at MPEPS at UPV

MARCH 31, 2019

IKEA focused on offering a wide range of good quality, stylish, well-designed, and functional furniture at a low cost so that more people could afford it. IKEA kept cost reduction at the center of any decision making. As a result, IKEA managed its costs better than its competitors and could offer products at 30% lower costs.

Price Reduction 40

Price Reduction Cost Reduction Material Savings Negotiate Pricing 40

CLX Logistics

APRIL 26, 2019

The year 2018 was challenging for shippers in all industries, including chemical, due to capacity constraints in the marketplace that inflated costs. The convergence of high costs, limited capacity, emphasis on timely delivery and demand for greater supply chain visibility, made it a problematic year for shippers and carriers alike.

Optimal Sourcing 51

Optimal Sourcing Negotiating Skills Procurement Cost Reduction 51

Logistics Business Magazine

MARCH 1, 2024

With over 100 years of history and experience, they recently introduced a comprehensive set of actions to support an overall strategic target of becoming carbon neutral by 2030. We are committed to supporting our customers negotiate the transition from traditional fuel types to more sustainable options.

Waste Reduction 62

Waste Reduction Cost Reduction Negotiating Skills Material Savings 62

Locus

DECEMBER 7, 2021

A prime example is how governments in the Middle East have begun to rethink food security targets after the disruptions to their food supply chains. Presently, their major focus lies on local production, warehousing and strategic sourcing. Oil price fluctuations. How do businesses enable strategic sourcing?

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Logistics Business Magazine

AUGUST 31, 2023

Pressure to Save Costs Transportation accounts for a significant amount of total operational costs, consequently becoming a huge target for potential cost savings. However, constantly changing freight market rates can make it difficult for procurement teams to secure the best deals and maintain predictable costs.

Optimal Sourcing 57

Optimal Sourcing Negotiating Skills Sourcing Strategies How To 57

WorkWave

FEBRUARY 13, 2024

These services can be cost-effective and scalable, but they may lack personalization for customers. Crafting Your Job Description Your job description should clearly outline the specific skills and experience required for the role. Begin by identifying your must-have skills and qualifications.

Negotiating Skills 52

Negotiating Skills Buyer Training How To Document 52

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