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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

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Maximize Ecommerce Supplier Relationships

Ship Monk

The last time they raised prices? So much attention is paid to negotiating the price of the goods and coordinating the delivery that very little thought goes into the quality of the relationship and how improving it might help you both. If I don’t like the price or the quality, I just go elsewhere!

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The Power of Price Bundling: 7 Tips for Home Service Businesses

WorkWave

One effective strategy that’s been gaining traction is price bundling. Also known as packaged pricing, this strategy involves bundling various services together and charging one price. Bundled services are usually cheaper than if customers were to purchase each service individually. Why Does Bundle Pricing Really Work?

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

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’.

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Industry Outlook: Manufacturing Trends

Trinity Logistics

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

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Industry Outlook: Manufacturing Trends

Trinity Logistics

For example, manufacturing output has been expected to increase by 2.4 As technology changes this industry, employees need different skills for their roles. Manufacturing companies should be focusing on bridging the skills gap by offering training to grow employees’ skills while increasing compensation for employee retention.

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Building a Circular Supply Chain

TransAudit

Supply chains at a consumer goods company, for example, make up about 80% of the company’s greenhouse gas (GHG) emissions. This process also increases resilience, key in today’s uncertain global economy, and provides cost reductions. Teams must fully understand the concept and goals, and be equipped with the tools to enact change.