Logistics Business Magazine

NOVEMBER 13, 2022

One of the key findings of Descartes’ recent study of consumer sentiment of sustainable home delivery practices was that consumers have different delivery expectations when it comes to sustainability. Essentially, the study underscores that a lot of consumers have sustainable delivery personas. So, what are delivery personas?

Purchasing Skills 65

Purchasing Skills Study Cost Reduction Purchasing 65

Logistics Viewpoints

JANUARY 4, 2023

ARC Advisory Group’s Global Warehouse Automation Research study is now complete and available for purchase. The research process includes an analysis of large amounts of information and interviews with executives from numerous warehouse automation providers; and concludes with the publication of ARC’s research study.

Supply Chain Software 154

Supply Chain Software Automation Supply Chain Planning Software Purchasing Skills 154

Ship Monk

APRIL 5, 2024

To engage in SRM, you’ll need SIM and SPM: an SIM (supplier information management) tool centralizes basic contact and purchasing data for all of your suppliers; an SPM (supplier performance management) tool measures how well each supplier is performing against the terms of the contract.

Negotiate Pricing 82

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 82

The Lean Thinker

DECEMBER 9, 2022

When “trams” (coal carts) were in short supply, for example, the “trammers” would horde carts to optimize their team’s performance at the expense of other teams being limited by the number of carts available. The study I am citing here was commissioned to determine why. This all changed shortly after WWII.

Modeling Software 259

Modeling Software Optimization Software Expense Reduction ERP 259

Logistics Business Magazine

AUGUST 11, 2023

Even though many ecommerce merchants use data-backed buying personas, that provide insight into the purchasing decisions of their customers, many are only truly starting to get to grips with the next part associated with buying personas – and that is appreciating that consumers have delivery personas too. What about Millennials and Boomers?

Groups 63

Groups eCommerce Purchasing Skills Procurement Analytics 63

Ship Monk

JULY 28, 2021

Think of the last time you purchased a product or service based on the recommendation of a friend, family member, or your favorite social media influencer. Take us, for example. Social proof can come from all sorts of places, but the below examples have proven to be some of the most effective. Types of Social Proof.

Eliminating Excel in Purchasing 91

Eliminating Excel in Purchasing Case Study Procurement Analytics Purchasing Skills 91

Trinity Logistics

NOVEMBER 11, 2022

For example, manufacturing output has been expected to increase by 2.4 In a study by The Manufacturing Institute, 69 percent of employees under the age of 25 reported that they stayed with their current employer because of training and development opportunities. INCREASED DEMAND AND OUTPUT, DECREASING LABOR. DIVERSIFYING WORKFORCE.

Manufacturing Procurement 106

Manufacturing Procurement Trends Supply Chain Software Industry 106

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

WorkWave

FEBRUARY 9, 2024

Bundled services are usually cheaper than if customers were to purchase each service individually. Here’s why: Bundled pricing simplifies the purchasing process for customers. Studies demonstrate that transparent pricing increases customer trust by 30%, resulting in a 25% rise in repeat business.

Price Reduction 52

Price Reduction Purchasing Skills Tips Procurement Solutions 52

Logistics Business Magazine

NOVEMBER 24, 2023

Studies show that in some areas, around a third of companies that were unable to fill all vacancies did not receive a single application. As studies show, young people place a high value on flat hierarchies and want modern IT systems in their day-to-day work. The EU is pushing for a comprehensive supply chain law.

Supply Chain Planning Software 63

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Optimization Software 63

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 116

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

Logistics Viewpoints

AUGUST 29, 2022

In the case of network-based risk management solutions, a network of users is connected to carefully curated real-time alerts generated by connections to a huge number of online publications, social media feeds, and third-party purchased data. For example, a manufacturer might have a supplier in Hanoi they purchase key components from.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Software 116

Ship Monk

SEPTEMBER 14, 2023

They’re researching before they purchase, and they’re purchasing wherever and whenever they see something they like. According to a study conducted by Harvard Business Review, 73% of retail shoppers use multiple channels to shop. 81% of customers research products online before actually purchasing them in stores.

Inventory Reduction 64

Inventory Reduction Price Reduction Cost Reduction eCommerce 64

Logistics Bureau

SEPTEMBER 4, 2023

Potential Factors in Declining Margins To get to the root of the problem, understanding the costs of production or purchasing will be a necessary starting point, but typically, more information will be needed. Some customers are very good at finding loopholes to reduce their purchasing costs. In short, you can’t.

Negotiating Skills 90

Negotiating Skills Purchasing Skills Cost Reduction Analysis 90

TransAudit

DECEMBER 13, 2023

Supply chains at a consumer goods company, for example, make up about 80% of the company’s greenhouse gas (GHG) emissions. Here are three examples of how companies adopted a circular supply chain approach and saw significant results: RUSH University Medical Center saved more than $244,000 by reusing workplan furniture.

Supply Chain Design Software 87

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chains 87

GoShip Blog

FEBRUARY 2, 2023

Examples of brand values include integrity, honesty, customer-centricity, quality, sustainability, diversity and inclusion, equality, collaboration, accountability, creativity, teamwork, social responsibility, etc. Also, a 2017 study found that over 55% of Americans are loyal to brands with values that resonated with them.

Sourcing Strategies 52

Sourcing Strategies How To Waste Reduction Eliminating Excel in Purchasing 52

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. Let’s take a look at some key takeaways from different studies: 69% of shoppers won’t buy from you again if they have to pay for returns. 66% of customers will review your returns policy before completing a purchase.

How To 52

How To Cost Reduction Purchasing Skills Purchasing 52

GoShip Blog

AUGUST 18, 2022

Businesses selling items like furniture, cars, and electronics have long allowed customers to pay off major purchases in instalments. Buy Now, Pay Later financing allows consumers to make purchases and pay later in interest-free instalments. The concept of instalment payment plans is nothing new. How it works . Risks involved .

Procurement Solutions 52

Procurement Solutions Purchasing Skills Procurement Analytics Purchasing 52

Conger

JULY 30, 2021

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. Ship from store : A buyer purchases a product on a seller’s website. In-store purchase, home delivery : A buyer purchases products from a store.

Inventory Reduction 52

Inventory Reduction Distribution Vendor Strategies Waste Reduction 52

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. One example is Scandinavian furniture giant Ikea.

Supply Chain Design Software 116

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

3PL Links

JUNE 11, 2024

Nowadays, there are no longer any regional restrictions on Internet shopping, which makes it easier for customers nationwide to make purchases from companies based in other states. Study the cost-benefit The best price is typically correlated with the value of the offer, while the lowest can be costly.

Logistics Network Optimization Software 48

Logistics Network Optimization Software Negotiating Skills Tips Purchasing Skills 48

Ship Monk

AUGUST 30, 2023

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. A potential customer might visit your web store multiple times before making a purchase. But the most commonly used benchmark tracks purchases by visits. Anywhere between 0.2%

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

Logistics Viewpoints

MAY 3, 2021

OpenText was the largest vendor in this market the last time ARC did the study. An EDI VAN enables the secure exchanges of electronic business documents, such as purchase orders and invoices, with trading partners—via electronic data interchange format. As such, their offerings warrant attention. That improves warehouse operations.

Supply Chain Software 126

Supply Chain Software Supply Chains Manufacturing Procurement Optimal Sourcing 126

Logistics Bureau

MAY 31, 2021

If yours is one of those businesses shifting from traditional to online retail, you’ve probably faced some of the logistical challenges arising from the need to deliver your customers’ purchases to them. For example: Compared to selling a product in-store, the cost to deliver that same item as a small parcel can be several times higher.

Cost Reduction 117

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

Trinity Logistics

NOVEMBER 13, 2023

According to a study by the Manufacturing Institute, less than 30 percent of manufacturing workers are women. technologies, such as the above examples, can raise productivity by 40 percent. Manufacturing companies can become carbon neutral by purchasing carbon offsets. Industry 4.0 Industry 4.0

Manufacturing Procurement 96

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GlobalTranz

MAY 26, 2021

Reuse of products and materials is not a new phenomenon, waste paper recycling, deposit systems for soft drink bottles, and metal scrap brokers are all examples that have been around for a long time. Moreover, a recent study, says Banker, found that shippers are starting to realize that returns must be free.

Reverse logistics 89

Reverse logistics Material Savings Logistics Network Optimization Software Logistics 89

Ship Monk

DECEMBER 12, 2023

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. Strategy and precision around the holidays are as important to ecommerce store owners as lights and ornaments are to the pivotal pine tree.

Procurement Solutions 64

Procurement Solutions eCommerce Purchasing Skills Cost Reduction 64

Logistics Business Magazine

OCTOBER 23, 2018

Not only because purchasing and maintaining the trucks is cost-effective, but also due to the trucks’ robustness and durability. The DuraMatchTM gearbox, for example, prevents abrupt braking and regulates the direction of travel to protect brakes and tyres. ” The Hyster® Fortens® forklifts with a 4.0-tonne ” Tweet.

Case Study 28

Case Study Study Cost Reduction Purchasing Skills 28

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 66

eCommerce Waste Reduction How To Material Savings 66

Logistics Viewpoints

MAY 10, 2022

In fact, a study by LinkedIn found that 70% of employees would not work at a leading company if it meant they had to tolerate a bad workplace culture. Survey your users to avoid unseen pitfalls and make sure you’re actually purchasing a solution that provides a good user experience. Technology’s role in helping employees thrive.

Vendor Strategies 110

Vendor Strategies Waste Reduction Cost Reduction Optimization Software 110

Ship Monk

SEPTEMBER 29, 2022

If you manage your own fulfillment, you’ll need to study data and inventory formulas from previous seasons and hire more packers while running your promotions to keep up with competitors. We even have a post-purchase suite to help customers if anything goes wrong with a shipment they receive. Manage Your Deadlines. Brand Everything.

eCommerce 52

eCommerce Inventory Reduction Supply Chain Planning Software Supply Chain Software 52

Ship Monk

APRIL 26, 2023

A 2020 ecommerce shipping study determined that 27% of shoppers will choose one ecommerce brand over the other based on speed of delivery options. 2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. Sound simple?

eCommerce 73

eCommerce Purchasing Skills Eliminating Excel in Purchasing Procurement Solutions 73

Material Handling and Logistics

MAY 14, 2018

Five of the six major automakers manufacturing and selling vehicles in North America fell in their annual supplier relations rankings, according to the results of the 18th annual North American Automotive OEM - Supplier Working Relations Index Study conducted by Planning Perspectives, Inc. Ford is fourth (363). Ford (3.05) is fourth.

Purchasing Skills 110

Purchasing Skills Price Reduction Manufacturing Procurement Cost Reduction 110

Trans Global Auto Logistics

DECEMBER 17, 2020

Forbes magazine cites a study by the Center for Exhibition Industry Research (CEIR) that determined over 9,000 trade shows were held in 2019, contributing to over 100 billion dollars in US GDP. For example, buyers can’t handle expensive items, such as cars, in person. Let us be your partner in your next international auto event.

Events 98

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Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. Mr. Sorenson has studied integrated business planning for many years. Dean Sorenson concurs. The improved costing information will then be used to improve the supply chain planning model.

Supply Chain Planning Software 141

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 141

FW Logsitcs

MAY 13, 2024

They expect fast and efficient delivery times, often viewing shipping speed as a key factor in their purchasing decision. Studies show that a significant portion of online shoppers abandon carts due to slow or expensive shipping options. The Need for Speed Today’s customers are accustomed to instant gratification.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Inventory Reduction Cost Reduction 52

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 129

Logistics Network Optimization Software Logistics Procurement Analytics Purchasing Skills 129