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5 Inventory Reduction Strategies to Drive Cost Savings

EazyStock

So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction? However, simply cutting inventory across your entire product range is not the approach to take. Supplier lead time reduction.

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Truckload Pricing Dynamics with Jon Payne

The Logistics of Logistics

Jon Payne and Joe Lynch discuss truckload pricing dynamics. Jon is the Director of Pricing Strategy & Analytics at Loadsmart , a freight technology company that is removing the barriers between shippers and carriers so freight can move in the most efficient, transparent and automated way.

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The Talroo Story with Thad Price

The Logistics of Logistics

Thad Price and Joe Lynch discuss the Talroo story. About Thad Price. Thad Price is CEO at Austin-based Talroo, the data-driven job and hiring event advertising platform that helps businesses reach the candidates they need to build their essential workforce.

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Intel, Cost Reduction Strategy

Logistics at MPEPS at UPV

That 10% market share that the intel doesn’t owe, is extremely important to the pricing and therefore, the gross margin structure of the business. The reason I chose to write about this company, is because it was very interesting for me to see how a company of this size can focus and apply cost reduction actions in their supply chain and make them work. The company needed to make a lot of supply chain cost reductions after bringing its latest, low-cost chip to market.

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The B2B Sales Leader’s Guide

When economic headwinds pick up, sales leaders are the first to sound the alarm — and chart a new course. Longer sales cycles, larger buying committees, increased price pressure, and smaller teams can quickly combine to reduce your margin for error and increase the urgency to find a solution.

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Transportation Strategies for Continued Success

Logistics Viewpoints

A TMS offers optimization capabilities across multiple modes to improve service levels and reduce freight spend. Below are some transportation strategies for success for suppliers of TMS, TES, and MTS. Improve Pricing Flexibility.

Strategy 180
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Critical Weather Strategies for Your Supply Chain

Blue Grace Logistics

Insulating against disturbances to the supply chain through critical weather strategies has proved effective in cutting down delays and costly overages. With such disruptions come reductions in workforce, tightened capacity, fewer logistics options, increased risks and increased costs.

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Metal and Oil Prices Soaring

LandLink

A surge in energy and metal prices is offering investors a fresh reminder of how the commodities market can fuel inflation and imperil the post-pandemic economic recovery.

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5 Mini Case Studies: Successful Supply Chain Cost Reduction and Management

Logistics Bureau

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all. This operation was proving too costly and too slow, so the company embarked on an initiative to achieve a 10% supply chain cost reduction over a four-year period.

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What is Dynamic Pricing with Dawn Salvucci Favier

The Logistics of Logistics

What is Dynamic Pricing with Dawn Salvucci Favier. Dawn Salvucci-Favier and Joe Lynch answer the question what is dynamic pricing. She has spent the past 20 years leading Global Product Strategy & Management at major Transportation Management System (TMS) providers.

Strategy 244
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Will Greater Data Granularity Lead to Better, Faster Decisions?

Speaker: Dave Food, Strategy Director at Prophetic Technology

With the increasing granularity of data coming from consumption points through extended data ecosystems of the Internet of things and with the integration of networks meaning net real-time change can be dynamically modeled and executed, what is the role of Supply Chain planning? Join Dave Food, Strategy Director of Prophetic Technology, on December 11th and learn how data is changing your supply chain!

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4 Key Strategies of a Solid Reverse Logistics Plan

ShipLilly

Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations. Businesses can still be grown with a low baseline as long as the cost for returns is reduced.

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Examining Factors Affecting Oil Prices

LandLink

Oil prices are subject to various economic and geopolitical shocks and are highly volatile. There are several factors dictating the price of crude depending upon where you are in the world. We’ll examine some of the main issues.

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7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management

Logistics Bureau

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all. This operation was proving too costly and too slow, so the company launched an initiative to achieve a 10% supply chain cost reduction within four years.

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Greg Price and the Shipwell Story

The Logistics of Logistics

Greg Price and the Shipwell Story. Ryan Schreiber and Greg Price discuss Greg’s entrepreneurial journey and the Shipwell story. About Greg Price. Greg Price is the CEO and Co-founder of Shipwell , a cloud based TMS solution based in Austin, TX. Greg Price.

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Next-Gen AI-Based Demand Planning: Turn Your Insights Into Accuracy in 1 Day

15%-40% forecast error reduction, 1 day onboarding & no implementation costs, and insight into the real drivers of your demand – these are the benefits the newest generation of Artificial Intelligence in Demand Planning is creating.

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Dynamic Pricing is Transforming Logistics with Zeke Ziliak

The Logistics of Logistics

Dynamic Pricing is Transforming Logistics with Zeke Ziliak . Zeke Ziliak and Joe Lynch discuss how dynamic pricing is transforming logistics. At PROS, Zeke and his team provide science-based pricing strategies to transportation and logistics companies.

Video 257
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What You Need To Know About Dimensional Pricing

LandLink

The debate over whether density-based pricing will succeed in toppling the traditional National Motor Freight Classification’s (NMFC) based pricing in the LTL industry is an ongoing debate. Carriers are pushing for dimensional pricing to manage the margins on lightweight shipments.

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Sourcing Strategy: Effective vs Efficient with Ron Crabtree

The Logistics of Logistics

Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. Key Takeaways – Sourcing Strategy: Effective vs Efficient. Single sourcing to drive price and increase influence (to a point).

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Skyrocketing diesel prices affecting US-Mexico import rates

ShipLilly

News from “Borderlands” indicates a significant upsurge in diesel prices, which has impacted current import rates between the US and Mexico. This week it was revealed that the price of fuel has gone to an all-time high in the US at $5.55 Indeed, the current prices are 51 cents higher than those recorded in April. This problem will be acutely faced in the US, where market forces determine prices rather than any state subsidization.

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What Resilience Means in 2021

Speaker: Scott Wooley, President of Thermal Packing Solutions at Atlantic Tape and Packaging

If you thought your supply chain was resilient before 2020, you may have been proven very wrong. If your supply chain is still feeling the effects of the pandemic, you may feel that the insights and lessons are yet to be distinguished among the mess--that's what we're here for. Join Scott Wooley, President of Thermal Solutions at Atlantic Tape and Packaging, and redefine what a resilient supply chain is.

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6 Strategies for Reducing Your E-commerce Store’s Shipping Costs

GoShip Blog

Fortunately, there are effective strategies you can employ to reduce your e-commerce store’s shipping costs. These platforms generally negotiate rates with carriers and offer pricing discounts or accessorial fee waivers based on shipping volume.

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DropShipping Pricing Strategy

247 Customs Broker

Dropshipping can be competitive, so figuring out how to price your products can be the difference between winning a buyer or even making a profit.… … The post DropShipping Pricing Strategy appeared first on 24/7 Customs Broker News.

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Inventory Replenishment Strategies that Increase Profits

EazyStock

Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. What is Inventory Replenishment?

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Supply Chain Strategy: Navigating an Uncertain Economy

Morai Logistics

Others must now redouble efforts to reassess risks within their supply base and work jointly with suppliers to develop and implement risk mitigation strategies. Acting in bad faith and not receiving their supplier’s delivery while pursuing a price decrease is not the way to go.

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IKEA lOGISTIC sTRATEGy

Logistics at MPEPS at UPV

IKEA kept cost reduction at the center of any decision making. It made efforts to improve its internal supply chain processes like packaging, warehousing, and transportation which contributed to its cost cutting objective. This helps the company reducing transport costs. A key part of IKEA’s success is credited to its communications and relationship management with materials suppliers and manufacturers to get good prices on what it procures.

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Develop a Strategy to Combat Dimensional Pricing

LandLink

The debate over whether density-based pricing will succeed in toppling the traditional National Motor Freight Classification’s (NMFC) based pricing in the LTL industry is an ongoing debate. Dimensional Pricing There is no secret to dimensional pricing.

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Enterprise shippers’ top 6 logistics strategies to know

FreightWaves SONAR

Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Strong and versatile logistics strategies depend on this data.

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Cutting Emissions Through Better Transportation Planning

Logistics Viewpoints

Running more efficient routes, with more fully loaded trucks, saves money and reduces emissions. The desire to improve service, reduce cost, and reduce emissions, is part of the reason their customer Unilever selected their solution.

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Go to Market Strategy before Supply Chain Strategy

10xLogistics

There are a lot of conversations happening relative to all sorts of strategies for supply chains (and no lack of consultants who want to sell you on the latest and greatest ideas). Then, after that is completely articulated and written down, you can discuss your supply chain strategy.

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Contract Rates vs. Spot Rates: Freight Shipping Pricing Strategies

GoShip Blog

When it comes to planning your shipping budget, it’s easy to get confused over the principles of transportation pricing. What are the freight pricing options? Besides modifying the critical points of logistics planning, it also affects the approach to the pricing of shipping services.

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Pallet Prices Up 400% Amid Shortage

ShipLilly

Lumber price increments have exponential impacts on the cost of manufacturing wood pallets. Manufacturers are passing on these costs by way of increased asking prices. Homebuilding drives up the price of lumber. The first strategy involves using reclaimed lumber.

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With Inflation on the Rise, Retailers Turn to AI to Aid in Pricing Strategy

Supply Chain Brain

The return of inflation is placing retailers in a terrible quandary

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Diesel prices are likely to climb again soon

ShipLilly

There are indicators that the diesel price crisis is ongoing. A columnist for Reuters has noted that US crude oil inventories were failing to fully recover, despite the fuel price inflation. The post Diesel prices are likely to climb again soon appeared first on ShipLilly.

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What shippers need to know about how carriers price freight with historic, peer and market data

FreightWaves SONAR

However, the sheer amount of fees applied in the process to price freight for a load can amount to quite a hefty sum. . But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Freight Market Blog price freight

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How to Combat the Rising Gas Prices & Labor Shortages

WorkWave

Are you feeling the pinch of labor shortages and rising gas prices? Routing software can help reduce fuel consumption, which will help businesses save money. Nobody can afford that, especially with the current gas prices and labor shortages. Time To Read: 2 minutes.

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Zero Sum: How Walmart Transportation is Working to Reduce Emissions Now and in the Future

Logistics Viewpoints

At Logistics Viewpoints, we have written about how companies are looking to reduce carbon emissions, especially when it comes to transportation. Today I’m excited to share more about our zero-emissions transportation strategy and announce a series of collaborations and pilots.