SIPMM Professional Publications

FEBRUARY 16, 2020

Procurement fraud relates to purchasing goods, services or commissioning construction projects from third parties. The post Fraud Prevention Strategies for Construction Procurement appeared first on SIPMM INSTITUTE. It can cost a construction business millions of dollars and damage its reputation.

Cost Reduction 113

Cost Reduction Construction Procurement Strategy 113

Logistics Viewpoints

APRIL 6, 2023

The shift from traditional purchasing to a collaborative supply chain network is not just a change in nomenclature; it represents a fundamental transformation in the way organizations manage their supply chains. The costs associated with purchasing these items hit the “operational expenses” components of the company’s financial statements.

Optimal Sourcing 121

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 121

Supply Chain Brain

SEPTEMBER 29, 2020

Countless businesses and their customers have already been impacted, but with no end to the global tariff situation in sight, it’s imperative that companies continue to refine their strategy to not only ensure business continuity but also to gain the most advantageous position possible for the future.

Inventory Reduction 98

Inventory Reduction Cost Reduction Strategy White Paper 98

SIPMM Professional Publications

JANUARY 3, 2021

The post Key Strategies for Negotiating Corporate Travel Deals appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Effective negotiation is simply a technique, a process by which compromise or agreement is […].

Material Savings 88

Material Savings Buyer Training Purchasing Skills Strategy 88

SIPMM Professional Publications

OCTOBER 10, 2018

It is a procurement strategy in which companies try to find the most cost-efficient place globally for manufacturing goods. According to purchasing and procurement professionals, companies should be able to source both inside and outside their national borders. They […].

Sourcing Strategies 113

Sourcing Strategies Manufacturing Procurement Cost Reduction Purchasing Skills 113

CH Robinson Logistics

JULY 13, 2022

The short answer is “yes,” as long as you have a segmented freight portfolio strategy for both the contract market and the spot market. Every business has a responsibility to develop strategies that take advantage of the best market price and service. As you build your strategy, confirm the spot market capacity for specific areas.

Price Reduction 90

Price Reduction Cost Reduction Strategy Purchasing Skills 90

GoShip Blog

FEBRUARY 7, 2023

Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. Why a Solid Marketing Strategy is Important A marketing strategy refers to a business’s action plan for achieving its short and long-term goals and developing a sustainable competitive advantage.

Waste Reduction 52

Waste Reduction Price Reduction Resource Reduction Expense Reduction 52

Logistics Business Magazine

OCTOBER 26, 2022

Driven by strong organic growth and a strategy of acquisitions to better meet market needs, the RAJA Group has become a key player in the field of business supplies and equipment. The post RAJA shares growth strategy with suppliers appeared first on Logistics Business® Magazine.

Material Savings 67

Material Savings Strategy Manufacturing Procurement Eliminating Excel in Purchasing 67

MercuryGate

NOVEMBER 17, 2022

Due to holiday purchases, we can still expect peak-season shopping with a return hike this holiday season. In response, shippers should anticipate high returns and have a solid reverse logistics strategy. Not only does a good plan for returns help meet demand, but it also improves your customers’ experience.

Reverse logistics 52

Reverse logistics Strategy Handling Logistics 52

Overdrive Online

FEBRUARY 8, 2023

In Part 2 of this parts-purchase series, find more unique approaches as owners have adapted to new realities. Need a DEF quality sensor and you can't find it? How's a DEF tank somebody decided to "delete" sound for a quick and inexpensive solution?

Sourcing Strategies 96

Sourcing Strategies Purchasing Skills Sourcing Strategy 96

Logistics at MPEPS at UPV

MAY 30, 2023

This can be interpreted as Dell in their never ending pursuit of innovation, they’ve developed a system that allows their suppliers to avoid unnecessary downtime by having to wait for any reply from their purchasing department. link] An Overview of Dell’s Supply Chain Strategy

Inventory Reduction 52

Inventory Reduction Material Savings Supply Chain Software Supply Chains 52

ShipLilly

JUNE 28, 2021

Thankfully some strategies can be used to mitigate the cost. Companies have made it easier for customers to return products to maintain a competitive edge over other companies but as a result, nearly half of the products that are purchased are sent back to their suppliers, and returns have increased dramatically.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

GlobalTranz

MAY 22, 2020

Customers have several channels to make a purchase, such as online or mobile, bought in a store, a combination of the two, known as buy-online, pick-up in-store (BOPIS), or any other channel to purchase offered by the retailer. Today’s consumers are more connected than ever before.

Tips 72

Tips Strategy Purchasing Picking 72

Logistics Business Magazine

MAY 3, 2023

PineBridge Benson Elliot, a UK-based pan-European real estate fund manager, and their JV Partner, Evo Industrial, have acquired two further sites, under their strategy, with Evo Industrial to deliver last mile logistics in and around London and key regional markets in the UK. The two sites are a 4-acre site in Woodford, East London and a 2.2-acre

Material Savings 52

Material Savings Strategy Logistics Network Optimization Software Logistics 52

Logistics Viewpoints

MAY 10, 2022

Survey your users to avoid unseen pitfalls and make sure you’re actually purchasing a solution that provides a good user experience. Kyle has an MBA with a focus in Operations and Strategy from the Katz Graduate School of Business at the University of Pittsburgh and a B.S. Leverage this expertise and learn from employees.

Vendor Strategies 109

Vendor Strategies Waste Reduction Cost Reduction Optimization Software 109

GlobalTranz

FEBRUARY 25, 2021

How often do you think about your retail reverse logistics strategy? Instead of being relegated to the margins, executives must rethink their strategy and consider how a data-driven reverse supply chain can add more value and improve profit margins. The Benefits of a Data-Driven Retail Reverse Logistics Strategy.

Expense Reduction 101

Expense Reduction Inventory Reduction Reverse logistics Strategy 101

WorkWave

NOVEMBER 6, 2023

In this blog post, we will delve into the intricacies of order management, the role of an Order Management System (OMS), what happens after checkout and how to master your order management strategy with the help of cutting-edge order management systems and order management software. What Is Order Management? Schedule your free demo today.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Ordering 52

EazyStock

FEBRUARY 17, 2021

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. Smart inventory purchasing. Both can be very costly.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

GlobalTranz

JULY 31, 2020

[link] An omnichannel retail strategy is the new norm in today’s supply chains. The days of managing channels on an individual basis are over, and consumers are using multiple devices and e-commerce platforms for nearly all purchases. In fact, 78% of U.S.

Modeling Software 87

Modeling Software Video Modeling Strategy 87

The Logistics of Logistics

JULY 29, 2022

Aaron is the President of Loop , a post-purchase platform that enables brands to transform returns into exchanges. With 10+ years in modern Commerce, Aaron’s focus tends to be on all things go to market, fundraising, strategy, and helping founders navigate emotionally through the early stages of company building. About Aaron Schwartz.

Logistics Network Optimization Software 321

Logistics Network Optimization Software eCommerce Purchasing Skills Procurement Analytics 321

GlobalTranz

OCTOBER 2, 2017

Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points. Planning Is Essential To Have an Effective Last Mile Logistics Strategy.

Inventory Reduction 145

Inventory Reduction Cost Reduction Strategy Logistics Network Optimization Software 145

Supply Chain Brain

JANUARY 31, 2024

With more consumers than ever making purchases online, last-mile delivery has become an increasingly complex link in the supply chain. Now, as consumer expectations, technology, and supply chain risk continue to change, many companies are finding that their last-mile strategies must also evolve.

Supply Chain Software 105

Supply Chain Software Supply Chains Purchasing Strategy 105

Blue Grace Logistics

AUGUST 10, 2021

Over the last decade, ever since social media and the IoT became common-place mediums, there has been a change in marketing tools and strategies. A more streamlined communication is provided by omnichannel strategies. Omnichannels blur the line between online and in-person purchases.

Expense Reduction 62

Expense Reduction Cost Reduction Strategy Optimization Software 62

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Many business systems also include functionality to support certain inventory management and purchasing processes.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Waste Reduction 52

Supply Chain Brain

DECEMBER 7, 2020

Lou Conforti sees no reason why a shopping mall can’t contain both traditional brick-and-mortar stores and last-mile fulfillment operations for online purchases.

Strategy 120

Strategy Purchasing Operations 120

GoShip Blog

JUNE 21, 2022

Here are some of the best digital marketing strategies for your small business: Use social media. Promoting your business on social media is one of the most cost-efficient advertising strategies. If your business has a website, SEO should be a part of your digital marketing strategies. Currently, the world has over 4.6

Resource Reduction 59

Resource Reduction Waste Reduction Cost Reduction Price Reduction 59

3PL Links

SEPTEMBER 8, 2023

Unlocking Customer Satisfaction: Is Your Fulfilment Strategy Aligned with Expectations? Visiting a nearby store to look at the merchandise but not making a purchase? Another factor centered on the customer experience is the ambition to even ship ground service from stores to deliver more purchases within two work days.

Inventory Reduction 48

Inventory Reduction Sourcing Strategies Cost Reduction Expense Reduction 48

WorkWave

NOVEMBER 7, 2022

To help you out, we’ve put together a list of seven strategies that will help you double your business with reviews, referrals and marketing. 7 Strategies for Growth. In today’s digital world, potential customers are far more likely to research your business online before making a purchase. Let’s dive right in!

Strategy 95

Strategy Procurement Solutions Examples Tips 95

The Logistics of Logistics

JANUARY 13, 2023

Amplio helps you meet your production goals by removing procurement roadblocks – the software assesses your BOMs’ sourcing risk, locates inventory for you, and recommends optimal purchasing strategy so that you get the components you need at the best price. Key Takeaways: The Amplio Story. Access diverse sources of supply.

Manufacturing Procurement 273

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 273

Locus

MAY 15, 2023

According to a study, 55% of consumers prefer to buy directly from brands, and a further 40% of shoppers say they will purchase from a D2C brand in the next five years. However, as the data suggests, more and more customers want to buy from brands directly and want them to solve any challenges that arise post-purchase.

Cost Reduction 52

Cost Reduction Procurement Solutions Strategy Supply Chain Planning Software 52

Locus

JUNE 23, 2023

So, knowing more about order fulfillment, its importance, process, and strategies is critical. Read Also: 5 Ways to Ace Last-mile Reverse Logistics What are the Order fulfillment strategies, and which is right for your business? So there is no fixed rule for selecting the order fulfillment strategy. Let’s fill in!

Inventory Reduction 52

Inventory Reduction Cost Reduction Resource Reduction Vendor Strategies 52

Logistics Business Magazine

SEPTEMBER 9, 2021

These acquisitions form part of Heppner’s international growth strategy, designed to strengthen the Group’s distribution capacity in Western Germany and increase its competitiveness in the French and German transport markets.

Eliminating Excel in Purchasing 63

Eliminating Excel in Purchasing Procurement Solutions Distribution Purchasing 63

GlobalTranz

OCTOBER 11, 2018

The importance of an omnichannel supply chain strategy cannot be overstated. Up to 62 percent want to purchase online and have the option of returning it in-store, and 47 percent want promotions and coupons available through their smartphone. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service?

Inventory Reduction 74

Inventory Reduction Price Reduction Cost Reduction Supply Chains 74

GlobalTranz

OCTOBER 5, 2018

An omnichannel retail strategy is the new norm in today’s supply chains. The days of managing channels on an individual basis are over, and consumers are using multiple devices and e-commerce platforms for nearly all purchases. Follow examples of major brands that have implemented best-in-class omnichannel retail strategies.

Modeling Software 78

Modeling Software Sourcing Strategies Cost Reduction Supply Chain Planning Software 78

Supply Chain Brain

MAY 26, 2021

The changes in consumer purchasing habits look like they will outlast the pandemic, so i f you haven’t made that pivot, it's not too late to get into the eCommerce fulfillment game. As we begin to emerge from under the COVID-19 cloud, there is time to take a deep breath and make your last-mile delivery better.

eCommerce 119

eCommerce Strategy Purchasing 119

WorkWave

AUGUST 25, 2022

Targets will help you create a more direct and effective strategy and ensure that you’re not wasting time or resources on unrelated efforts. With analytics tools such as Google Analytics, you can better define which marketing strategies produce conversions (signups or sales) and revenue for your HVAC business. Easy Website Navigation.

Resource Reduction 52

Resource Reduction Waste Reduction Cost Reduction Sourcing Strategies 52

EazyStock

DECEMBER 13, 2020

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. This software links directly with your ERP and creates a daily list of purchasing recommendations based off the inventory data.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98