GlobalTranz

JANUARY 4, 2017

And our client engages with 3PL by open book cost plus contracts and gain share and pain share incentive. What are the major KPI’s to be followed under the below attributes: Cost or Cost Savings. Use Value Engineering : Reduce the Cost and retain the function of anything. Are new cost Savings methods being investigated?

Negotiating Skills 77

Negotiating Skills Cost Reduction Scenario Planning Inventory Reduction 77

GlobalTranz

APRIL 17, 2018

These giants have deep pockets, capable of offering low-cost, if not free, parcel shipping. Unfortunately, the volume of small packages shipped , as well as the variety of carriers used, can make keeping costs in check sound like a dream, inaccessible. Negotiate Shipping Rates Like a Pro. Partner with a 3PL.

Cost Reduction 60

Cost Reduction Material Savings Expense Reduction Negotiating Skills 60

GlobalTranz

AUGUST 21, 2015

You need to have someone to pick up your merchandise and get it to your customers without any additional hassle, difficulties, or negotiations of current prices. For example, the carrier may pay these costs at the time of border-crossing, and you can reimburse the carrier. Larger Network For Negotiations.

Negotiating Skills 94

Negotiating Skills Purchasing Skills Material Savings Manufacturing Procurement 94

Blue Grace Logistics

FEBRUARY 6, 2019

What would be more cost effective – booking spot rates or negotiating contract rates? Knowledge of the existing trends can also provide insight into what one may expect from the trucking industry in the coming year. Will there be a capacity crunch, demand – supply imbalance? and 2 percent respectively.

Negotiating Skills 48

Negotiating Skills Industry Trucking Trends 48

GlobalTranz

JANUARY 5, 2017

Today's blog is a continuation of yesterday's where we discussed cost management and KPIs with warehousing contracts using a real-world scenario. Now we dive a bit deeper with incentives, gain sharing, should-cost models, and governance in warehousing contracts. Some incentives are reducing UNIT PRICING. KPIs Question 1.

Cost Reduction 66

Cost Reduction Price Reduction Warehousing Waste Reduction 66

Transporeon

DECEMBER 14, 2016

In the past, each individual plant was responsible for their own logistics, be it negotiating rates with transportation companies, dock scheduling or other activities. We’re utilizing load tender management, both the no-touch process and the offer process, we’re utilizing reporting and we’re utilizing the pricing tables.

Scenario Planning 48

Scenario Planning Negotiating Skills Logistics Network Optimization Software Price Reduction 48

GlobalTranz

AUGUST 26, 2016

An internal solution will come with a cost, and you need to ensure resources are available for this reason. If the potential losses from an in-house solution are more than the potential costs of outsourcing, move forward with beginning the outsourcing process. The 3PL should meet with the executive team.

Outsourcing 52

Outsourcing Resource Reduction Negotiating Skills Cost Reduction 52

GlobalTranz

FEBRUARY 3, 2016

To add insult to injury, as manufacturers, right now must do all they can to have efficient logistics processes in order to reduce overall costs. Thousands of articles have been written on the driver shortage , increasing fuel prices, and growing concerns over government regulations. Where and Why Is the Logistics Industry Growing?

Cost Reduction 54

Cost Reduction Price Reduction Waste Reduction Material Savings 54

GlobalTranz

JULY 25, 2016

It serves to keep a balance between reasonable prices and profit margins. It keeps companies from hiking their prices on consumers, and it encourages businesses to produce better products and meet customers’ expectations. They want it today, and they want shipping costs to be ZERO. Competition. What Is Carrier Selection?

Price Reduction 51

Price Reduction Negotiating Skills Cost Reduction Expense Reduction 51

Conger

MARCH 28, 2024

MaaS can lead to cost-minimization of transport services like public transportation, rental, and sharing offerings. Data Analytics This involves the collection of data reports from various fleet performance metrics, such as vehicle utilization, fuel consumption, and maintenance costs.

Optimization Software 73

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

GlobalTranz

OCTOBER 27, 2017

Every business, including manufacturing operations, rely on cash flow to meet important needs like fueling growth and keeping the manufacturing process rolling forward. Here are a few short- and long-term solutions you might consider: Negotiate terms with your suppliers. Supply Chain Finances Can Be a Root Cause of Your Problems.

Supply Chain Planning Software 72

Supply Chain Planning Software Supply Chain Software Supply Chains Material Savings 72

GlobalTranz

JULY 20, 2015

With the purpose of optimizing supply chain efficiency and asset recovery rates, applying a reverse logistics system has increasingly become a tool that positively impacts profitability as well as assisting an organization in meeting sustainability goals. Increased velocity. Increased service market share.

Reverse logistics 105

Reverse logistics Supply Chain Planning Software Optimization Software Modeling Software 105

GlobalTranz

APRIL 13, 2015

Transportation incurs massive cost to the company thereby making the company strive hard towards achieving maximum returns on investment. Often, the deployment of transportation management software systems or TMS systems is a great aid in reducing overall hard and soft transportation costs. Role of Technology in TMS Systems.

Supply Chain Design Software 91

Supply Chain Design Software Supply Chain Planning Software Optimization Software Material Savings 91

GlobalTranz

MAY 22, 2018

This might not seem like much, but it was enough to spur FedEx dramatically reinvest in their companies to offer more services and keep costs competitive. If not, chances are good that the carrier made a mistake, and that mistake could be costing your company thousands. But, what if you are tipping carriers and not even noticing it?

Cost Reduction 49

Cost Reduction Expense Reduction Negotiating Skills Purchasing Skills 49

GlobalTranz

JULY 14, 2017

Knowing the proper metrics and data points to track promotes cost-effective shipping practices and can improve vendor, carrier and consumer relationships, reports Merrill Douglas of Inbound Logistics. Cost Per LTL Shipment. First, shippers should track the average cost per LTL shipment. On-Time Performance. On-Time Performance.

Data 60

Data Vendor Strategies Negotiating Skills Resource Reduction 60

GlobalTranz

MARCH 9, 2016

Logistics companies help manufacturers and shippers improve customer service and satisfaction, global expertise in trade, reduce risk, enable rapid expansion and start-up, and reduce current and future costs. Organizations who utilize 3PLs typically experienced a 9 percent cost reduction. 3PLs can be fickle.

Emergency logistics 53

Emergency logistics Trends Logistics Network Optimization Software Negotiating Skills 53

GlobalTranz

AUGUST 18, 2016

Value-Added Services and TMS Capabilities Are Critical Points in Contract Negotiation. As a result, carriers and suppliers are focusing on how value-added services, such as auditing, small package processing and delivery, and freight optimization, can reduce overall costs and shipping duration.

Supply Chain Planning Software 60

Supply Chain Planning Software Optimization Software Supply Chain Software Logistics Network Optimization Software 60

GlobalTranz

JULY 28, 2015

However, the overall cost of shipping through LTL modes will increase between three and four percent in the next few years. LTL Cost Increase From the Driver Perspective. LTL Management Cost Increase From the Consumer Perspective. He expects the LTL sector to decrease somewhat as other modes of transport remain low.

Purchasing Skills 97

Purchasing Skills Manufacturing Procurement Negotiating Skills Cost Reduction 97

GlobalTranz

APRIL 7, 2016

After all, each time a product is delivered by a trasnport drone or autonomous vehicle, it saves space and time, which helps to further consolidate freight and reduce overall costs. Basically, computers make fewer errors than humans in nearly every aspect.

Transportation 63

Transportation Material Savings Video Negotiating Skills 63

GlobalTranz

MARCH 18, 2015

You will want to gain insight into what differentiates one 3PL from another, what core capabilities they offer and what skills do they have in developing strategies and thought leadership. From this vantage, a strategic 3PL partnership will form a collaboration with your company to fine tune a strategy to meet your needs.

Negotiating Skills 91

Negotiating Skills 3PL Resource Reduction Cost Reduction 91

GlobalTranz

MAY 21, 2018

It’s Time To Take A Closer Look At Your Parcel Shipping Costs eCommerce is driving the demand for smaller, more frequent last-mile deliveries. Shippers large and small need to look more closely at parcel transportation costs as a step in preserving margins. 5 Parcel Shipping Trends to Optimize Shipping & Reduce Costs.

Cost Reduction 48

Cost Reduction Procurement Analytics Negotiating Skills Purchasing Skills 48

GlobalTranz

JUNE 10, 2016

According to Jeff Berman of Logistics Management, 71 percent of shippers believe the greatest focus for small package shipping is cutting costs. Yet, shippers can reduce costs in small package shipping by following these best practices. Yet, shippers can reduce costs in small package shipping by following these best practices.

Price Reduction 51

Price Reduction Packaging Cost Reduction Negotiating Skills 51

Logistics Bureau

APRIL 25, 2022

What are the essential skills you need to possess or develop if you want to become one of tomorrow’s supply chain leaders? In any case, an excellent place to start is by knowing what the most vital supply chain leaders’ skills are and, of course, why you need them. Information Technology and Automation Knowledge.

Negotiating Skills 105

Negotiating Skills Buyer Training Supply Chain Planning Software Supply Chain Design Software 105

GlobalTranz

FEBRUARY 13, 2015

When you are looking to choose a carrier when it is time to ship your freight, it might seem obvious to go with the carrier that provides you with the lowest “sticker price.” After all, the fees paid to carriers, which are most of your transportation costs, can comprise up to more than 5% of your cost of total sales.

Negotiating Skills 98

Negotiating Skills Cost Reduction Price Reduction Resource Reduction 98

Freightos

MARCH 27, 2024

I was fortunate to be able to attend again this year, and, though I couldn’t sit in on all the sessions or meetings I would’ve liked, here are my key takeaways: Geopolitical challenges, Red Sea especially Geopolitics were, of course, on people’s minds.

Logistics Network Optimization Software 89

Logistics Network Optimization Software Modeling Software Optimization Software Negotiating Skills 89

GlobalTranz

MAY 26, 2015

Yet, many politicians, economic analysts, and skilled workers continue a call to arms to save the stereotypes of an archaic manufacturing industry. The manufacturing industry still relies on the skills of manufacturing workers, but these skill sets have changed to meet demands of the new era. Where Are the Workers?

Manufacturing Procurement 111

Manufacturing Procurement Negotiating Skills Industry Purchasing Skills 111