Logistics Bureau

JUNE 5, 2023

If your company operates a distribution fleet, you’ll know that the costs of running trucks for customer deliveries are continually increasing. In this post, we’re sharing our top tips for cost reduction in each of these three areas, so let’s get to it, beginning with truck expenditure. It’s a fair question.

Cost Reduction 73

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 73

GlobalTranz

JANUARY 19, 2015

than simple cost comparisons. Many companies are already doing it, and according to a recent BCG study, 54 percent of companies with over billion in revenues are now considering it. A reshoring project is not a simple task of comparing costs in the U.S. In this way, costs can be kept competitive with overseas factories.

Manufacturing Procurement 101

Manufacturing Procurement Purchasing Skills Buyer Training Supply Chain Planning Software 101

Logistics Bureau

MAY 30, 2022

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. Aligning strategy, service, and financial factors in your supply chain operation is essential to support your company’s overall business strategy , mission, and objectives. The Importance of Alignment.

Inventory Reduction 112

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 112

Logistics Business Magazine

NOVEMBER 24, 2023

Things are changing in supply chain management: while cost-cutting has been at the top of the agenda for many executives for years, in future they will be increasingly concerned with the shortage of skilled workers, sustainability and resilience. Skilled labour shortage forces action 2. Cyber security becomes a top priority 9.

Supply Chain Planning Software 56

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Optimization Software 56

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. 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’.

Supply Chain Planning Software 115

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

Logistics Bureau

NOVEMBER 14, 2018

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. How Much Does It “Cost to Serve” Your Customer? It costs you a certain amount to make a product. Sales organisation costs.

Purchasing Skills 88

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 88

Locus

MAY 25, 2022

Take last-mile deliveries for example. Here are seven key strategies that they have used to make it happen. Source: statista.com. But today, nothing can be more heartbreaking to a customer than a business breaking its delivery promise on their prized purchases. It gives them an experience of the product before purchasing.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

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

Logistics Viewpoints

JANUARY 26, 2021

This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation.

Supply Chain Software 161

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

Trinity Logistics

NOVEMBER 13, 2023

million skilled workers by 2030. To combat the shortage, manufacturers are looking for ways to recruit and retain skilled talent, by raising wages and reskilling current talent to meet company needs. According to a study by the Manufacturing Institute, less than 30 percent of manufacturing workers are women. Industry 4.0

Manufacturing Procurement 92

Manufacturing Procurement Supply Chain Software Trends Supply Chain Planning Software 92

Conger

MARCH 22, 2024

In this article, we explore how these AGVs are changing the warehouse industry by minimizing human error, reducing labor costs, and setting new standards for productivity and safety. Reducing Labor Costs and Environmental Impact Labor costs: Labor is not getting any cheaper. Let’s dive in!

Materials Handling 79

Materials Handling Material Savings Supply Chain Software Cost Reduction 79

Logistics Viewpoints

APRIL 19, 2024

But Amazon is on track to purchase by next year as much electricity produced by solar, wind and other carbon-free sources as it uses to power its operations. Biden’s move comes as the administration is studying raising tariffs on a range of Chinese exports to the U.S., percent of U.S. demand for steel.

Logistics Network Optimization Software 128

Logistics Network Optimization Software Logistics Procurement Analytics Purchasing Skills 128

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

Conger

MARCH 22, 2024

In this article, we explore how these AGVs are changing the warehouse industry by minimizing human error, reducing labor costs, and setting new standards for productivity and safety. Reducing Labor Costs and Environmental Impact Labor costs: Labor is not getting any cheaper. Let’s dive in!

Materials Handling 75

Materials Handling Material Savings Supply Chain Software Cost Reduction 75

Logistics Bureau

JANUARY 9, 2019

Again then, it’s not difficult to see how the financial health of a business depends on that of the supply chain, or how probable it is that supply chain costs feature strongly in the demise of many companies that become insolvent. Supply Chain Strategy. Mini Case Study: Walmart.

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

Logistics Bureau

JANUARY 7, 2020

Companies with global supply chains—a category which includes a fast-growing number of corporations, medium-sized companies, and even small businesses—can be standing on a cost base of which 90% is attributable to supply chain expenditure. . Supply Chain Strategy. Mini Case Study: Walmart.

Supply Chain Design Software 122

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

Logistics Viewpoints

MAY 3, 2022

But it’s important to remember that while customers want their purchases fast, sometimes even the next day, many care about the environmental impact of that delivery as well. An IBM study found that 57% of consumers are willing to change their shopping habits to protect the environment.

Supply Chain Design Software 116

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 116

Logistics Bureau

MAY 8, 2023

The answer is that the approach could cost your company vast sums of money in unnecessary logistics costs. The wastage may even be so significant as to exceed the cost of employing a dedicated staff to handle freight management. 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

GoShip Blog

FEBRUARY 2, 2023

These values guide every business decision, from how and where products are sourced to the employees’ working conditions and how goods are delivered to customers. Also, a 2017 study found that over 55% of Americans are loyal to brands with values that resonated with them. What Brand Values Influence Purchase Decisions?

Sourcing Strategies 52

Sourcing Strategies How To Waste Reduction Eliminating Excel in Purchasing 52

Logistics Business Magazine

DECEMBER 16, 2021

In addition to the digitisation of industry and commerce, the effects of the Covid-19 pandemic have also emphasised the importance of supply chain management and sourcing. Companies are increasingly considering how to implement circular economy strategies so that fewer products need to be destroyed.

Supply Chain Planning Software 50

Supply Chain Planning Software Supply Chain Software Modeling Software Optimization Software 50

Ship Monk

DECEMBER 12, 2023

Strategy and precision around the holidays are as important to ecommerce store owners as lights and ornaments are to the pivotal pine tree. Ensure your brand is positioned to make customers happy with all their purchases, even the last-minute ones. Think ecommerce stores that specialize in clothes, toys, and books for example.

Procurement Solutions 64

Procurement Solutions eCommerce Purchasing Skills Cost Reduction 64

Conger

JULY 30, 2021

Top challenges and the steps for adopting an omnichannel distribution strategy. 4 Steps for Adapting to an Omnichannel Distribution Strategy. With the rise of eCommerce, consumers have more purchasing options than ever before. There are 5 ways that customers can order, receive, or return their purchases.

Inventory Reduction 52

Inventory Reduction Distribution Vendor Strategies Waste Reduction 52

Logistics Business Magazine

FEBRUARY 23, 2024

Complexity requires having a data strategy.” Fahy advises logisticians to tackle ‘polycrises’ by multi-sourcing, embracing technology and strong cybersecurity. For example, the Dexory View dashboard enables pick face analysis of volumes. Generative AI may create new strategies in logistics, for example in transport routing.

Logistics Network Optimization Software 50

Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 50

GlobalTranz

OCTOBER 2, 2015

This powerful infographic describes how the maker movement is powering STEM skills , gender equality and student curiosity. Education at all levels in science, technology, engineering, and mathematics—STEM—develops, preserves, and disseminates knowledge and skills that convey personal, economic, and social benefits. What is STEM?

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Manufacturing Procurement Purchasing Skills Resource Reduction Sourcing Strategies 112

Blue Grace Logistics

NOVEMBER 10, 2023

Expedited Freight Questions Answered Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 10, 2023 Whether your organization uses expedited freight shipping every day or occasionally, it pays to understand how to use these services as effectively as possible.

Logistics Network Optimization Software 91

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Logistics Business Magazine

DECEMBER 11, 2022

For example, a big-box retailer that started to build out its pickup services, it delivery services, and so on, so that when the world pivoted, and stores were closed, but people still wanted this retailer’s products, it already had all of that investment there. Consumers are looking for more durable products.

Supply Chain Planning Software 55

Supply Chain Planning Software Supply Chain Software Supply Chains Trends 55

GoShip Blog

MAY 26, 2022

Customers Want to Purchase from Sustainable Companies. A recent study by the Economist Intelligence Unit showed a 71% increase in online searches for sustainable goods over the past five years. Learn About How Your Supplies are Sourced. Rethink Your Current Transportation Strategy.

Waste Reduction 52

Waste Reduction Optimal Sourcing Material Savings Cost Reduction 52

Logistics Bureau

JANUARY 21, 2020

For example, the seemingly unstoppable Amazon surprised pundits by reporting lower year-on-year profits in the third quarter of 2019. . Logistics costs have increased substantially for Amazon as it delivers on its promise to cut Prime shipping times in half, while keeping delivery free for shoppers. Is One-Day Shipping a Step Too Far?

Inventory Reduction 62

Inventory Reduction Cost Reduction Expense Reduction eCommerce 62

Blue Grace Logistics

APRIL 11, 2021

Most transportation and logistics companies had a digitalization strategy before the COVID-19 pandemic, but the implementation was moving at a snail’s pace. Grocers, for example, had to quickly implement new digital processes for customers to order and pickup orders. Aaron Huff | CCJ Senior Editor • April 11, 2021. .

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Digital Logistics Network Optimization Software 62

GoShip Blog

APRIL 28, 2020

But there seems to be a secret key to keep getting loyal customers – even if their purchase didn’t satisfy them. For many companies, returns sound like a thing that should be avoided at all costs. 66% of customers will review your returns policy before completing a purchase. Why does your returns policy matter?

How To 52

How To Cost Reduction Purchasing Skills Purchasing 52

Ship Monk

APRIL 28, 2023

All sorts of organizations have run studies on eco-friendly attitudes in the ecommerce industry, and we have amazingly positive news to share about what buyers are thinking. Of US adults surveyed , 69% say environmental impact is important when making a purchasing decision. We have proof. Tell customers what you are supporting and why.

eCommerce 67

eCommerce Waste Reduction How To Material Savings 67

Material Handling and Logistics

JULY 29, 2018

Retailers such as Walmart have rigorous standards and will only purchase from suppliers who meet these standards. And customers, many of whom are Millennials, want to know the sourcing of the products they buy and will make decisions based on a company’s sustainability record. Reducing energy costs often reduces GHG emission.

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Sourcing Strategies Cost Reduction Price Reduction Efficiency 133

GlobalTranz

JUNE 16, 2015

In fact, the annual ChainLink Research Study found innovation to be the top focus for those involved in the manufacturing community. Furthermore, innovation has replaced previous expectations and practices of reducing prices and focusing on reducing the consumers’ costs. Innovation For IT Departments.

Manufacturing Procurement 101

Manufacturing Procurement Purchasing Skills Price Reduction Supply Chain Design Software 101

Logistics Bureau

MAY 3, 2021

Some have hit on the right strategies and are thriving in the new normal, and others are struggling. In the second quarter of 2020, the retail chain’s year-on-year ecommerce sales doubled, and its unit costs for online fulfillment reduced by some 30%. The Dark Store Trend. Which Retailers Are Into Dark Stores? An Amazon Update.

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 71

Locus

MAY 25, 2023

In a survey conducted in 2022 of US consumers, 55% of them stated that direct delivery to home is the biggest driver of online purchase. With last-mile delivery incurring 53% of total shipping costs, retail businesses should fulfill these rising customer expectations and simultaneously have a rigorous control over costs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Ordering Waste Reduction 52

World Food Programme Logistics

JUNE 4, 2019

In Lebanon , WFP’s supply chain unit works with 450 shops to remove market inefficiencies, improve access to shops, lower prices and improve shopping experiences. are the core of WFP’s retail engagement strategy. That is achieved by encouraging lower food prices, increasing hygiene and security, and proposing better quality products.

Temperature 40

Temperature Purchasing Skills Negotiating Skills Price Reduction 40

Ship Monk

JUNE 16, 2023

Retargeting and Reminders Fact: customers who create loyalty programs with your ecommerce brand are more likely to make purchases in the future. For instance, if you purchase under $100 from an ecommerce brand’s online store in a year you receive a 10% birthday coupon. This is just one example of how a tier system can be structured.

eCommerce 52

eCommerce Purchasing Skills Procurement Solutions Purchasing 52