Supply Chain Game Changer

APRIL 29, 2020

Do You Have Hidden Freight Costs? Freight forwarders and shippers/BCO s are on a constant quest to have a better understanding of their ocean freight costs and ultimately have larger margins. The cheapest quote may not always provide overall cost savings. Here are 15 tips for lowering ocean freight costs.

Negotiating Skills 69

Negotiating Skills Cost Reduction Strategies Optimal Sourcing Freight 69

Logistics Viewpoints

DECEMBER 7, 2021

The unprecedented cargo logjams off the southern California coast wreaking havoc on supply chains show no signs of waning. Even if much of their sought-after inventory remains stuck at sea, merchants still need to move products that are available, and this brings its own set of relentless challenges. They face higher costs.

Capacity 193

Capacity Price Reduction Cost Reduction Strategies Inventory Reduction 193

BR Williams Supply Chain Management

AUGUST 6, 2020

Integrating intermodal shipping into your supply chain can bring significant cost-savings, increased levels of security, improved safety, and make shipments flexible. Often, services begin with a container or cargo moved by truck to a ship, then back to a truck to finish the process. Cost-effective. Reliable and Secure.

Negotiating Skills 98

Negotiating Skills Shipping Cost Reduction Strategies Price Reduction 98

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport. By crafting a well-defined strategy, businesses can mitigate transportation costs, mitigate supply chain disruptions, and uphold customer satisfaction. Tenure of charges – Is the pricing fixed for the entire tenure? (If

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Logistics Viewpoints

SEPTEMBER 22, 2023

Cargo volumes at the Port of Los Angeles rose 3 percent year-over-year to 828,016 TEUs in August, marking the first increase in 13 months, port officials said. Although port volumes increased in August, demand remains lower as shippers continue to face excess inventory levels.

Los Angeles 224

Los Angeles Material Savings Logistics Network Optimization Software Waste Reduction 224

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case inventory strategies. . In a November survey , 87% of merchants shared that they already were affected by increased freight costs. Disadvantages.

Just-in-Time 98

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 98

Supply Chain Matters

MAY 22, 2023

According to the April report commentary , the industry remains hopeful in new signs indicating that retailers and manufacturers are getting closer to working off the overall glut of inventories that resulted in 2022. percent drop in cargo volumes. Labor contract negotiations among the labor union representing U.S. The two U.S.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Cost Reduction Strategies Price Reduction 52

Enterra Insights

JUNE 28, 2023

Just 14 years later, the first air cargo flight took place in 1910. A well-planned logistics system ensures that goods can be delivered safely and reliably, on time and with minimal cost — preventing any major delays or missed deadlines.” Logistics can help reduce costs. ” 3.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Logistics Supply Chain Design Software 130

Freightos

JANUARY 30, 2024

Judah Levine January 30, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 38% to $4,099/FEU. Europe prices (FBX11 Weekly) fell 1% to $5,456/FEU.

Negotiating Skills 270

Negotiating Skills Optimal Sourcing Asia Europe 270

ToolsGroup

DECEMBER 20, 2021

With senior management at major importers attributing earnings and missed sales to these challenges, the bottom line is that the products took longer and cost more than was projected. Higher container costs , resulting in container-by-container decisions on what to ship. Carriers must honor commitments outlined in contracts.

Supply Chain Disruption 194

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 194

MIT Supply Chain

APRIL 23, 2013

If so, how can carriers and shippers improve the mode outside of negotiating more competitive freight rates? In trucking, for example, shippers and core carriers enter into strategic relationships to increase efficiency on a number of fronts. There are a number of reasons for the industry’s fixation on pricing.

Negotiating Skills 45

Negotiating Skills Price Reduction Transportation Expense Reduction 45

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case procurement strategies. In a November survey , 87% of merchants shared that they already were affected by increased freight costs. Disadvantages.

Just-in-Time 52

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 52

Logistics Viewpoints

MAY 31, 2024

The company used the drone to complete autonomous inventory checks of the warehouse’s higher shelves. Ericsson said the project showcases the potential of drones for autonomous barcode scanning and inventory management. If looming labor negotiations at East and Gulf Coast ports break down before the Sept.

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Freightos

JULY 11, 2023

Judah Levine July 11, 2023 Unbox your Freight knowledge. Visit our Resource Center Weekly highlights FBX Overview Ocean rates – Freightos Baltic Index : Asia-US West Coast prices ( FBX01 Weekly ) increased 11% to $1,319/FEU. Federal mediators are now also involved in negotiations. Europe prices at $3.12/kg

Negotiating Skills 156

Negotiating Skills Asia Europe Canada 156

Supply Chain Matters

JANUARY 17, 2023

Part Three of this series shared our fourth 2023 prediction that was focused on different priorities for supply chain talent, skills retention and employee retention strategies. Global wide transportation and logistics costs increased at unprecedented rates during 2021 and 2022. Prediction Background. Prediction Implications.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 52

Freightos

JUNE 21, 2023

Judah Levine June 21, 2023 Unbox your Freight knowledge. Visit our Resource Center Weekly highlights FBX Overview Ocean rates – Freightos Baltic Index : Asia-US West Coast prices ( FBX01 Weekly ) fell 9% to $1,427/FEU. Europe prices dipped 3% over the last month to $3.18/kg kg and are 53% lower than last year.

Negotiating Skills 156

Negotiating Skills Panama Asia Cargo 156

Locus

DECEMBER 7, 2021

Presently, their major focus lies on local production, warehousing and strategic sourcing. Oil price fluctuations. Fluctuations in oil prices and oil supply disruptions are majorly caused by political events, supply pipeline issues or weather problems. How do businesses enable strategic sourcing?

Supply Chain Disruption 52

Supply Chain Disruption Optimal Sourcing Modeling Supply Chain Planning Software 52

Talking Logistics

JUNE 15, 2018

beefs up security of air cargo imports (American Shipper). But then you come across stories like this one published in Bloomberg this week highlighting how Amazon, under an initiative called “hands off the wheel,” has shifted tasks “like forecasting demand, ordering inventory and negotiating prices to algorithms.”

Pricing Training 101

Pricing Training Purchasing Training Negotiating Skills Logistics Network Optimization Software 101

Supply Chain Opz

NOVEMBER 9, 2014

Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. Risk pooling is considered the most important concept in supply chain management as it governs the tradeoffs in inventory management and leads to effective strategies such as push/pull and postponement.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Logistics Viewpoints

SEPTEMBER 1, 2023

And when I think of going back to school, I think of a rite of passage that most kids enjoyed: watching the Price is Right on a sick day. Earlier this week, longtime host of the Price is Right, Bob Barker, passed away at the age of 99. Those negotiations resulted in a tentative agreement that is now undergoing a ratification vote.

Logistics Network Optimization Software 226

Logistics Network Optimization Software Pricing Training Los Angeles Purchasing Training 226

Ware2Go

APRIL 28, 2023

As soon as money is spent on inventory, the clock starts ticking. Every minute that product sits on a truck, cargo ship, or warehouse dock is a minute that it can’t be turned back into revenue. The longer dock-to-stock time is, the more merchants feel the opportunity cost of not having capital on-hand. Fewer stockouts.

Warehousing 52

Warehousing Forecasting Software Optimization Software Supply Chain Software 52

GlobalTranz

MARCH 6, 2017

Mobile phones can offer incredible services in any business from inventory tracking and shipments to the execution of procurement transactions. It is an advanced barcode scanner that is capable of extending bar code scanning to technology savvy inventory manager. This optimization tool for inventories is cloud based.

Logistics Network Optimization Software 151

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 151

Elementum

MAY 1, 2018

Loss of talent/skills. With contingency plans in place, the company announced that it had a healthy inventory supply of finished products and did not foresee a risk to patient supply at that time. Supply chain contingency planning begins with identifying potential risks, but many companies are failing to do even the bare minimum.

Pharmaceutical 94

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 94

Logistics Viewpoints

AUGUST 11, 2023

Although some UPS shippers stayed put during negotiations, many scrambled to move their package volumes to other carriers over concerns of a potential Aug. Imports are falling as businesses carefully manage inventory in anticipation of softer demand. Target has a licensing agreement with Starbucks. Where did this diverted volume go?

Logistics Network Optimization Software 183

Logistics Network Optimization Software Negotiating Skills Purchasing Skills Logistics 183

NC State SCRC

DECEMBER 4, 2017

They act as an intermediary between the shipper and transportation services, liaising with various carriers to negotiate on price and decide on the most economical, reliable and fastest route. Inventory management. These extra services include warehouse storage, cargo insurance, cargo tracking and dangerous goods handling.

Negotiating Skills 45

Negotiating Skills Freight Cargo Logistics Network Optimization Software 45

DAT Solutions

SEPTEMBER 28, 2016

Even if they didn’t have cargo on Hanjin ships, big retailers are starting to shift inventory from West Coast distribution centers to other DCs farther east. Prices slipped in the Northeast, though. area, especially on eastbound lanes. A Hanjin ship passing the Golden Gate Bridge - Photo by Basil D Soufi.

California 70

California Los Angeles Negotiating Skills Freight 70

3rdwave

JULY 20, 2020

Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supply chains. The cost of dependency is huge.

3PL 54

3PL Freight Procurement Analytics Negotiating Skills 54

Zipline Logistics

SEPTEMBER 7, 2021

Though often a result of an unexpected need, there is still a way to control costs and ensure quality performance when arranging expedited freight services. Whether through air cargo shipments or sprinter van moves, expedited freight options will get your product to its end destination much faster than other traditional modes.

Freight 52

Freight Negotiating Skills Manufacturing Procurement Inventory Reduction 52

EMERGE App

NOVEMBER 4, 2018

Other countries outside of yours will have an advantage in producing certain goods because of lower costs, a highly-tuned supply chain or an abundance of raw materials and labour. They offer one-stop convenience at a higher price. Calculate Landed Costs. So crucial to this is landed costs. Order Product Samples.

Purchasing Skills 49

Purchasing Skills Negotiate Pricing Negotiating Skills Manufacturing Procurement 49

Elementum

MAY 1, 2018

Loss of talent/skills. With contingency plans in place, the company announced that it had a healthy inventory supply of finished products and did not foresee a risk to patient supply at that time. Supply chain contingency planning begins with identifying potential risks, but many companies are failing to do even the bare minimum.

Pharmaceutical 60

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 60

EMERGE App

NOVEMBER 4, 2018

Other countries outside of yours will have an advantage in producing certain goods because of lower costs, a highly-tuned supply chain or an abundance of raw materials and labour. They offer one-stop convenience at a higher price. Calculate Landed Costs. So crucial to this is landed costs. Order Product Samples.

Purchasing Skills 40

Purchasing Skills Negotiate Pricing Negotiating Skills Manufacturing Procurement 40

Intelligent Audit

FEBRUARY 3, 2022

Cost control must take priority to combat such volatility. In addition, freight auditing consultants also help identify potential loss leaders to reduce carrier costs. Freight bill auditing service providers help shippers determine the cost of shipping services and what to pay for those services. . Improved operating margins.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

RFgen

MARCH 19, 2015

A recent labor dispute between unions and the West Coast port employers has been resolved, but the economic aftershock of the gridlock could cost the U.S. ports to make up the current backlog of ships and container inventory, the standoff’s impact is expected to be more far-reaching than initially thought.

Los Angeles 52

Los Angeles Supply Chain Planning Long Beach Supply Chain 52

RFgen

MARCH 19, 2015

A recent labor dispute between unions and the West Coast port employers has been resolved, but the economic aftershock of the gridlock could cost the U.S. ports to make up the current backlog of ships and container inventory, the standoff’s impact is expected to be more far-reaching than initially thought.

Los Angeles 52

Los Angeles Supply Chain Planning Long Beach Supply Chain 52

CH Robinson Transportfolio

OCTOBER 29, 2014

Robinson and other Beneficial Cargo Owners (BCOs) participated to ensure that customers’ voices are heard. While this reduces costs due to scale, the terminals have not evolved to manage the operations of these vessels. This will continue to be a challenge as long as the oil price per barrel remains above $70 (USD).

Los Angeles 60

Los Angeles Long Beach Negotiating Skills Cargo 60

CH Robinson Transportfolio

DECEMBER 13, 2016

Being a smart transportation shipper no longer means just negotiating the lowest cost per mile, it means obtaining the best total landed cost. These companies are measuring the performance of their supply chains beyond cost per mile. Let’s not forget, they also saved six figures in cargo claims and reshipments.

Mexico 34

Mexico Expense Reduction Cost Reduction Strategies Inventory Reduction 34

MIT Supply Chain

MAY 8, 2013

As suggested in my recent post What Price Ocean Shipping? How many shipments are delayed, for example, because the contractual penalties for a carrier failing to a load a box onto a vessel or for a shipper not providing the agreed cargo on time are too weak to deter these practices?

Supply Chain Design Software 63

Supply Chain Design Software Analytics Software Price Reduction Industrial 63