Intelligent Audit

DECEMBER 7, 2021

Ahead of the looming peak season and holiday shipping crunch, the majority of the focus within the industry is seemingly on sales and the forward movement of shipments and products. However, one must also consider the opposite side of the coin as retail reverse logistics are likely to come into play more than ever.

Reverse Logistics 52

Reverse Logistics Cost Reduction Strategies Purchasing Skills Logistics Network Optimization Software 52

ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 84% of buyers read the return policy before making an online purchase.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Intelligent Audit

FEBRUARY 23, 2022

Most, if not all, companies have yet to unlock the mysteries around reverse logistics. Reverse logistics is everything that happens after a sale, according to the Reverse Logistics Association (RLA), including the following: Returns Repair/refurbishment Repackaging Resell Reuse Recycling. the year prior. .

Reverse Logistics 52

Reverse Logistics Logistics Network Optimization Software Logistics Optimization Software 52

Intelligent Audit

AUGUST 18, 2021

Reverse logistics planning has always been an essential aspect of supply chain operations and inventory management, but its impact may surpass anything seen in the modern transportation industry. The Challenge of Reverse Logistics Planning and the Holiday Shopping Season.

Reverse Logistics 52

Reverse Logistics Supply Chain Planning Software Supply Chain Planning Logistics Network Optimization Software 52

GlobalTranz

JUNE 18, 2015

Needs for efficient reverse logistics systems continue to increase as e-commerce claims greater market share, and as so many traditionally functioning businesses grow and inevitably incur increasing volume of returns. This presents opportunities for developing new revenue streams, an exciting challenge to logistics professionals.

Reverse Logistics 120

Reverse Logistics Optimization Software Demand Planning Software Supply Chain Network Software 120

GlobalTranz

FEBRUARY 13, 2017

According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. There was a time when buying a computer was considered a once-in-a-decade purchase, if not once-in-a-lifetime. Autonomous Trucks Will Drive Logistics Forward. Autonomous trucks do not require drivers.

Resource Reduction 205

Resource Reduction Inventory Reduction Trends Logistics Network Optimization Software 205

Unleashed

FEBRUARY 21, 2024

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. Returns management vs. reverse logistics Returns management refers to managing the entire returns process.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

GlobalTranz

OCTOBER 2, 2017

One of the first problems with creating a last mile logistics strategy is cost. According to Mitchell’s NY , last mile logistics is seen as the least efficient leg of shipping, and it accounts for up to 20 percent of the total shipping cost of a product. Be Consumer-Centric. Measure Performance.

Inventory Reduction 363

Inventory Reduction Cost Reduction Strategies Logistics Network Optimization Software Supply Chain Strategy 363

Logistics Viewpoints

JANUARY 4, 2022

Each year in the United States, the return of goods purchased for the holidays usually peaks on one day in early January; the volume is so significant the day has been designated National Returns Day. This year, due to an increased number of e-commerce purchases, retailers and shippers will experience National Returns Week.

Logistics Network Optimization Software 219

Logistics Network Optimization Software Supply Chain Design Software Forecasting Software Predictive Analytics Software 219

GlobalTranz

OCTOBER 2, 2018

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. This is due to the higher rate of returns associated with e-commerce purchases. Going back to reverse logistics, consumers expect a hassle-free, cost-free returns process.

Logistics Network Optimization Software 198

Logistics Network Optimization Software Material Savings Vendor Strategies Cost Reduction Strategies 198

Logistics Bureau

AUGUST 7, 2023

In this article, we’ll look at some of those challenges and explore potential solutions to help you and your IM team meet the burgeoning demand for fast and accurate order fulfilment. Inventory Availability and Cost: Striking a Balance It’s rarely a good idea to think too lean in ecommerce inventory management.

Inventory Management Software 75

Inventory Management Software Inventory Reduction Inventory Management Inventory 75

GlobalTranz

JANUARY 21, 2019

We will delve into what will set third-party logistics providers apart in the coming year, and what to expect as e-commerce continues to merge with brick-and-mortar retail. We will turn over each stone and consider how innovative technology will shape the future of shipping and logistics.

Trends 152

Trends Shipping Purchasing Skills Supply Chain Software 152

GlobalTranz

DECEMBER 29, 2014

However, I encourage you to browse the entire logistics category so you may see the most recent posts as well, because typically, the earlier the post was published, the more views (but that is not always the case). What is Reverse Logistics and How Is It Different than Traditional Logistics? Read the full Post.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

Intelligent Audit

NOVEMBER 12, 2020

The world is in store for an unprecedented peak shipping season. Today, businesses are still adjusting to record levels of e-commerce demand and a longer peak shipping season, typically the time associated with holiday shopping, while facing ongoing issues across the supply chain.” Analytics Must Offer Actionable Insights.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Procurement Analytics Analytics Software Analytics 52

ModusLink Corporation

NOVEMBER 23, 2022

In September 2022, Reuters reported that “FedEx (FDX.N), United Parcel Service (UPS.N) With such drastically different challenges year over year, shippers and BCOs must bolster their business health by focusing on end-to-end e-commerce solutions. There is no better time to do this than during peak season. NRF, 2022).

Distribution 78

Distribution Supply Chain Planning Software Warehousing Logistics Network Optimization Software 78

Unleashed

AUGUST 20, 2023

For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier. There are many definitions for lead time in supply chain management.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

ModusLink Corporation

MARCH 30, 2023

According to data shared by Vue.AI , “more than 60% of online shoppers say that they look at a retailer’s return policy before making a purchase. Unlike the forward view, reverse logistics follow the opposite process. Reverse Logistics and Returns Management Are an Opportunity for Profit.

Sourcing Strategies 78

Sourcing Strategies Reverse Logistics Inventory Reduction Cost Reduction Strategies 78

Cathy Roberson

MARCH 21, 2022

Technology provider Google launched Last Mile Fleet Solution on March 17 to provide last-mile fleet operators with real-time routing and tracking capabilities. A Pitney Bowes study forecasts ecommerce shipments to double by 2026 and that 90% of US consumers expect free two-to-three-day shipping.

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Optimization Software Inventory Management Software 52

Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. This phase isn’t just a logistical necessity—it swallows up between 40-55% of total shipping costs.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Price Reduction Inventory Reduction 98

Intelligent Audit

AUGUST 5, 2022

As August returns, shippers’ concerns over the big show—the holiday peak shipping season—begin to come to life. Carriers begin to implement changes to their surcharge schedules, and shippers look for ways to get the most customers at the lowest cost without sacrificing product or service quality. But data is a tricky subject.

Reverse Logistics 52

Reverse Logistics Logistics Network Optimization Software Procurement Solutions Demand Planning Software 52

Logistics Bureau

APRIL 3, 2023

For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America. Through collaboration with your procurement partner, you can reduce inventory levels and then potentially downsize your warehouse capacity needs.

Optimal Sourcing 74

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 74

Enterra Insights

DECEMBER 26, 2019

.”[1] In simpler times, shoppers would return items to the stores in which they were purchased — often exchanging them for other items (a win-win for both the consumer and the retailer). E-commerce has forever changed the reverse logistics formula. These standards have been adopted en masse by retailers. Some 61% of U.S.

Reverse Logistics 100

Reverse Logistics Purchasing Skills Manufacturing Procurement Waste Reduction 100

Intelligent Audit

JANUARY 19, 2023

Also, 79 percent of consumers surveyed expressed the desire for free return shipping, and the majority (92 percent) stated they would purchase again if the return process of a company were easy. With this demand in mind, shippers are searching for new strategies to refine their reverse logistics operations to streamline returns.

Reverse Logistics 52

Reverse Logistics Logistics Network Optimization Software Optimization Software Analytics Software 52

Ware2Go

APRIL 11, 2023

This likely does not account for the impact of reverse logistics. The return rate on ecommerce orders can be up to 35% higher than in-store purchases, and the method of return varies — from scheduled carrier pickups, to in-store returns, to dropoff centers. In 2022 alone, eCommerce returns generated 9.5

Examples 52

Examples Sustainability Purchasing Skills Retail 52

Intelligent Audit

JANUARY 9, 2023

As FreightWaves reports, “UPS has informed its managers not to schedule any paid time off during July and August in case parcels are required to be moved.”. To help shippers save on costs in an increasingly expensive reverse logistics marketplace, FedEx has announced plans to launch a consolidated returns service.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Negotiating Skills Transportation Purchasing Skills 52

ShipBob

SEPTEMBER 20, 2021

The process involves complex steps, from procurement, to shipping products to end users, often resulting in a lack of visibility and high operational costs. End-to-end (E2E) supply chain refers to all supply chain processes, from logistics procurement to the post-sale customer experience. . Let’s dive in.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 52

Ware2Go

APRIL 20, 2022

This likely does not account for the impact of reverse logistics. The return rate on ecommerce orders can be up to 35% higher than in-store purchases, and the method of return varies — from scheduled carrier pickups, to in-store returns, to dropoff centers. Sustainable e Commerce Matters to Consumers.

Sustainability 59

Sustainability Purchasing Skills Hawaii Procurement Analytics 59

Enterra Insights

DECEMBER 28, 2020

Matt Leonard ( @Matt_Lnrd ) reports, “The rate of returns through the e-commerce channel falls anywhere between 15% to 30%, according to a report [from CBRE and Optoro]. Anna Hensel ( @ahhensel ), an editor at ModernRetail, reports, “Some retailers are allowing customers to make in-person returns at other stores.

Reverse Logistics 100

Reverse Logistics Policies Purchasing Skills Procurement Analytics 100

Elementum

DECEMBER 20, 2017

The National Retail Federation reports that this year more than 174 million Americans shopped from Thanksgiving through Cyber Monday (a mere five day window), exceeding their projection of 164 million. Last year UPS alone predicted that it would ship 5 million packages back to retailers in the first week of January.

Material Savings 76

Material Savings Supply Chain Design Software Supply Chain Design Supply Chain Strategy 76

GlobalTranz

AUGUST 18, 2015

With an ever-increasing pool of third-party logistics (3PL) providers to outsource shipping needs to, understanding how to select the best 3PL is the difference between reaching your existing customers and gaining a new market share. Less than two decades ago, the concept of 3rd Party Logistics Companies were relatively unknown.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Analytics Software Company Predictive Analytics Software 120

20Cube Logistics

JANUARY 16, 2022

It’s odd to imagine that only three years ago most people made purchases in store. As e-commerce sales soar, there is more responsibility for logistics and supply chains. E-commerce has seen an increase in consumers demanding two main factors: lower costs and faster shipping times. Cost reduction. seamless returns.

Modeling 54

Modeling Demand Planning Software Supply and Demand Logistics Network Optimization Software 54

Locus

DECEMBER 22, 2021

Find out the most important logistics trends that could impact supply chains in 2022. With last-mile delivery costs contributing to more than 50% of total shipping costs, the rising expectations in home delivery increases the risk of encountering inefficiencies. Billion in 2018 and is projected to reach USD 10.78

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Modeling 52

GlobalTranz

FEBRUARY 16, 2016

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. In this first part, I will focus on 6 places that you can apply to your organization to reduce costs and increase profit. Focus on Labor Costs.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Vendor Strategies Material Savings 120

Inmar

JUNE 28, 2019

Even if you’re not throwing a warehouse party on National Logistics Day, there’s a lot to consider about how reverse logistics impact the bottom line in the evolving e-commerce economy. New purchase practices. However, it’s not simply that shoppers are making more purchases that’s driving increased returns volume.

Procurement Analytics 55

Procurement Analytics Purchasing Skills Procurement Solutions Survey 55

Inmar

JUNE 28, 2019

There’s a lot to consider about how reverse logistics impact the bottom line in the evolving e-commerce economy. Although the logistics burden of higher rates of e-commerce returns is not the happiest picture, the truth is that returns are neither a necessary evil nor indication of customer dissatisfaction. Increasing returns.

Procurement Analytics 53

Procurement Analytics Purchasing Skills Procurement Solutions Survey 53

GlobalTranz

MARCH 25, 2016

As explained by Bob Trebilcock , sustainability in logistics initiatives are ranked as “very important” for up to 40.6 percent, report having implemented sustainable solutions within the last two years. How Important Is Sustainability in Logistics? What Is Needed For Sustainability in Logistics?

Sustainability 120

Sustainability Logistics Network Optimization Software Material Savings Logistics 120

Shipchain

OCTOBER 10, 2019

The problems existing within supply chain visibility go back to issues with tracking shipments after shipping to consumers. Additionally, CH Robinson reports that interruptions within the supply chain and inabilities to manage data continue to present challenges in achieving supply chain visibility.

Supply Chain Visibility 48

Supply Chain Visibility Real-time Visibility Supply Chain Software Supply Chain Optimization 48