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

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

MAY 14, 2018

Shippers must recognize the importance of parcel in today’s age, as explained by Harold Friedman of Inbound Logistics , and enhance parcel cost control with these steps. Knocking accessorial charges out of the equation lowers total transportation costs. The Guide to Proactive Inbound, Outbound, and Reverse Enterprise Parcel Management.

Cost Reduction 48

Cost Reduction Material Savings Negotiating Skills Transportation 48

GlobalTranz

AUGUST 25, 2015

Freight costs are eminently controllable, however, efficiently managing this major budget item requires expertise. In the complex world of modern transportation, companies lacking the experience to professionally handle the intricacies of transportation management are sure to find controlling shipping costs an extreme challenge.

Negotiating Skills 109

Negotiating Skills Cost Reduction Optimal Sourcing Resource Reduction 109

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

Blue Grace Logistics

OCTOBER 14, 2020

With this same principle applied there cannot be one standard transportation budget methodology applied while planning for 2021 The ability to respond to these challenges will determine the future strategies required in 2021 to ensure recovery and possible profitable performance. Finalizing Your 2021 Freight Budget Webinar October 21.

Resource Reduction 62

Resource Reduction Negotiating Skills Cost Reduction Supply Chain Planning Software 62

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

GlobalTranz

MAY 8, 2015

One that is integrated with TMS offers more value for customers and better leverage when negotiating contracts with additional features providing the latest data. The fundamentals of a Freight Rating System match a user’s shipping and freight characteristics and a carrier’s service and price options. Determine the software’s objective.

Supply Chain Planning Software 90

Supply Chain Planning Software Optimization Software Negotiating Skills Logistics Network Optimization Software 90

Parade

FEBRUARY 8, 2021

This is due to the fact that in-network carriers are less of a wild card: they have a proven track record of success, and their pricing is often within an acceptable range. million carriers, and it comes equipped with many extra features like market mapping, pricing suggestions for complex routes, payment protection, and DAT RateView.

Negotiating Skills 78

Negotiating Skills Price Reduction Expense Reduction Cost Reduction 78

Parade

FEBRUARY 8, 2021

This is due to the fact that in-network carriers are less of a wild card: they have a proven track record of success, and their pricing is often within an acceptable range. million carriers, and it comes equipped with many extra features like market mapping, pricing suggestions for complex routes, payment protection, and DAT RateView.

Negotiating Skills 78

Negotiating Skills Price Reduction Expense Reduction Cost Reduction 78

Parade

FEBRUARY 8, 2021

This is due to the fact that in-network carriers are less of a wild card: they have a proven track record of success, and their pricing is often within an acceptable range. million carriers, and it comes equipped with many extra features like market mapping, pricing suggestions for complex routes, payment protection, and DAT RateView.

Negotiating Skills 78

Negotiating Skills Price Reduction Expense Reduction Cost Reduction 78

GlobalTranz

FEBRUARY 12, 2018

One of the main responsibilities of this manager is to minimize the cost and maximize the effects of the company’s supply chain. Impressive Communication Skills. They have to possess the skill of articulating complex concepts in a way an outsider or a worker on a lower level can understand. Writing Skills. Tech Skills.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Negotiating Skills Supply Chains 70

GlobalTranz

DECEMBER 11, 2017

Go-to solution for responding to the crunches been higher freight rates, and while carriers have traditionally been in control of this, shippers can no longer pass the costs along to consumers directly. Another strategy that is working the past to keep carriers from putting forth outrageous rate hikes is appeasement. Think about.

Price Reduction 64

Price Reduction Cost Reduction Resource Reduction Capacity 64

GlobalTranz

APRIL 27, 2017

Inbound freight management is receiving a lot of attention as businesses continue to look for ways to manage shipping costs. If you’re looking to save costs on shipping, take a look at inbound shipping. Thorough tracking of all logistics activities provides more informed shipping history when negotiating new contracts.

Inbound 57

Inbound Negotiating Skills Cost Reduction Vendor Strategies 57

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

JANUARY 30, 2018

Editor’s Note: This article comes from Steve Wright who works for Whirlwind Steel and shares his knowledge on manufacturing plant site selection. Local geography includes the topology and drainage as well as soil conditions, all of which impact the cost of construction in one way or another. Business Costs.

Manufacturing Procurement 60

Manufacturing Procurement Negotiating Skills Material Savings Buyer Training 60

GlobalTranz

APRIL 17, 2018

These giants have deep pockets, capable of offering low-cost, if not free, parcel shipping. Rather than giving up, shippers need to consider what Amazon and the big box giants have done right and apply these concepts as part of a robust parcel shipping strategy. Negotiate Shipping Rates Like a Pro.

Cost Reduction 60

Cost Reduction Material Savings Expense Reduction Negotiating Skills 60

GlobalTranz

NOVEMBER 21, 2016

Cutting costs and maximizing value are hallmarks of an efficient transportation management system (TMS) solution. In fact, using a TMS solution decreases freight costs for more than 60 percent of companies surveyed, reports ARC Insights. However, the nature of a TMS is built to keep bargaining chips in the hands of each partner.

Negotiating Skills 79

Negotiating Skills Optimization Software Cost Reduction Price Reduction 79

GlobalTranz

MAY 26, 2017

Consumer actions are shaping how shippers and carriers interact, ranging from contract negotiation to exploring new technologies. With the rise of Amazon, consumers have also been able to access an endless product array at historic, record-low shipping costs. Better cost than your competitors. What Do Customers Really Want?

Cost Reduction 66

Cost Reduction Expense Reduction Material Savings Logistics Network Optimization Software 66

GlobalTranz

APRIL 5, 2016

However, the economy is on the mend, and the need for immediate cost savings and lean solutions is starting to take the backburner to how 3PL Logistics Companies could benefit shippers through long-term relationships. The needs of yesteryear-clients were quite simple: get costs under control quickly. They get lost or misplaced.

Negotiating Skills 55

Negotiating Skills Logistics Network Optimization Software 3PL Purchasing Skills 55

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 87

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 87

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

GlobalTranz

NOVEMBER 29, 2017

However, consolidating freight may require negotiations with carriers that shippers have not previously considered, so third-party logistics providers ( 3PLs ) tend to be the go-between for consolidating LTL shipments to FT. Although LTL shipping may appear more cost-effective, it is only as good as the volume used.

Capacity 69

Capacity Negotiating Skills Transportation Cost Reduction 69

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. Begin Negotiations With the Outsourcing Provider. Stay Involved.

Outsourcing 52

Outsourcing Resource Reduction Negotiating Skills Cost Reduction 52

Blue Grace Logistics

APRIL 24, 2023

When she started the Plano, Texas-­based company in 2017, she set out to support clients through a consultative approach to logistics — “to listen to what they have going on and then develop a strategy for them.” Earlier this year, RXO announced a program to provide rewards and cost savings to its carriers.

Supply Chain Software 62

Supply Chain Software Collaboration Supply Chains Inventory Reduction 62

GlobalTranz

JULY 22, 2015

Based on the research of inboundlogistics.com, freight costs can make up 10% of an organization’s expenditure. As a consequence of rising freight costs, an increasing number of organizations has been more proactive in controlling freight cost and have outsourced the freight auditing process to freight audit specialists.

Freight 94

Freight Negotiating Skills Resource Reduction Cost Reduction 94

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

Blue Grace Logistics

SEPTEMBER 20, 2018

with one or two trucks, so they wanted to adjust the playing field in this market space and be price competitive.” . With the ELD-mandate changing business dynamics many carriers have made it their goal to minimize cost in order to reduce rates to stay competitive, but that’s only one piece of the puzzle. .

Capacity 48

Capacity Negotiating Skills Optimal Sourcing Vendor Strategies 48

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

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. It is the ultimate in business.

Price Reduction 51

Price Reduction Negotiating Skills Cost Reduction Expense Reduction 51

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

DECEMBER 22, 2017

A transportation management system (TMS) can help with carrier selection, and it considers the cost of freight shipping when searching for available carriers. Although this may seem counterproductive, co-loading reduces work and costs for carriers, alleviating the pressures deriving from a capacity crunch.,

Capacity 70

Capacity Logistics Network Optimization Software Cost Reduction Vendor Strategies 70

GlobalTranz

SEPTEMBER 5, 2017

Parcel dimensional weight and pricing have become standard in the shipping industry. But, many shippers continue to fret over how dimensional pricing ( DIM Pricing ) will impact their bottom lines. However, DIM pricing is not a fad or something to fear if you know what it means and how to calculate it.

Packaging 61

Packaging Negotiating Skills Price Reduction Expense Reduction 61

GlobalTranz

DECEMBER 5, 2014

As we said in our freight claims series, knowledge is power in avoiding errors that may drive up your transportation costs unnecessarily. With this knowledge no carrier would dare challenge since correctly applying the information from the NMFTA is the best practice when choosing freight classification.

Freight 97

Freight Negotiating Skills Expense Reduction Cost Reduction 97

GlobalTranz

OCTOBER 27, 2017

RT Custer, the owner and co-founder of Vortic Watch Company , describes the challenge of managing his supply chain this way: “To keep my cost of goods at a manageable level, I need to order hundreds of parts. Here are a few short- and long-term solutions you might consider: Negotiate terms with your suppliers.

Supply Chain Planning Software 72

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

GlobalTranz

JULY 20, 2015

Thus, reverse logistics management has developed into a discipline that produces cost reductions, adds efficiencies and improves the consumer experience. Percentage of cost recovered : Is the firm maximizing the profitability of product that did not sell well or has been returned by consumers? Increased velocity.

Reverse logistics 105

Reverse logistics Supply Chain Planning Software Optimization Software Modeling Software 105

GlobalTranz

JUNE 17, 2016

In a sense, shippers have plenty of power at the start when placing orders for pick up, but carriers have the final say in what freight shipping costs. When shippers misrepresent freight, it risks much more than just the cost charged by the company. What’s the Problem When Shippers Misrepresent Freight?

Negotiating Skills 54

Negotiating Skills Freight Cost Reduction Price Reduction 54