Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

GlobalTranz

MAY 26, 2017

With the rise of Amazon, consumers have also been able to access an endless product array at historic, record-low shipping costs. In response, more shippers have ditched their practices of working with carriers directly for third-party logistics provider (3PL) partnerships. Free shipping. Immediate shipping.

Cost Reduction Strategies 166

Cost Reduction Strategies Expense Reduction Logistics Network Optimization Software Negotiating Skills 166

Logility

SEPTEMBER 16, 2022

Why do we build logistics models? But I ask it because modeling often takes a detour into the land of debilitating detail. And by debilitating, I mean an enormous analytical time sink — think months. I am often asking clients whether they wish to: A) Model the precise general ledger costs for logistics?

Modeling 130

Modeling Modeling Software Optimization Modeling Logistics Network Optimization Software 130

Zipline Logistics

JUNE 30, 2020

These are a la carte, or per service, and outside of standard shipping and receiving. Account-Specific Pricing — Customer-specific pricing, or account-specific pricing , refers to an agreement between a vendor moving product and a carrier or 3PL that establishes custom prices. Consignor — The originator of shipped products.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Strategy 52

6 River Systems

DECEMBER 11, 2018

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. At the very least, they should see a message indicating that the products are out of stock before they make the purchase. This is just good customer service.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

6 River Systems

DECEMBER 13, 2019

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. After implementing Chuck by 6 River Systems , one leading 3PL doubled its pick rates and improved order accuracy to 99.9%. Is your floor space cluttered and aisle ways clogged?

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Unlike domestic suppliers, they will respond to quality benchmarks by throwing labor-end-state inspection and rework-at the problem.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

ShipBob

FEBRUARY 17, 2023

Your brand’s average order value (AOV) isn’t a vanity metric. Better yet, simple changes in your business model can have a substantial impact on your AOV. Noel Churchill, Owner and CEO of Rainbow OPTX But, how do you offer faster shipping — often at an increased cost to you — and still manage to increase the average order value?

Price Reduction 105

Price Reduction Cost Reduction Strategies Inventory Reduction Expense Reduction 105

Logistics Bureau

AUGUST 10, 2017

If so, you’ll need to consider whether you will pass the costs of high-speed delivery on to the customer as shipping charges or absorb them in the retail price of your products. With that in mind then, will you work with 3PL companies to get your products delivered? But what if fleet ownership isn’t practical?

Supply Chain Planning Software 44

Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction Price Reduction 44

FLEXE

FEBRUARY 27, 2018

Combined with the customer expectation of purchases arriving on their doorstep, literally tomorrow , there’s an inarguable case for the importance of partnerships in retail. In our 2018 Retail and Logistics Trends report, we assert that partnerships and acquisitions will continue to be a key strategy for gaining market share.

Retail 28

Retail Expense Reduction Price Reduction Cost Reduction Strategies 28

6 River Systems

DECEMBER 5, 2019

For example, one 3PL doubled its pick rates and improved picking accuracy to 99.9% The more orders that are picked, the more orders can be shipped, and that means more orders can be invoiced, hence picking directly increases the revenue for the distribution center. ’ reports OSHA.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Resource Reduction 52

Logistics Bureau

OCTOBER 31, 2016

It’s not unusual for example, for companies to measure their supply chain performance only on the basis of financial metrics like supply chain cost per order. All inbound shipments should be checked against delivery documentation and purchase orders. Inventory Management in the Warehouse. No suppliers—no supply chain.

Supply Chain Design Software 40

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Supply Chain Strategy 40

GlobalTranz

DECEMBER 30, 2014

Transportation Metrics That Matter Most to Track and Improve Performance : How do you measure logistics efficiency and transportation metrics performance indicators when you are already doing the best job possible? To add insult to injury, they also rarely have reporting mechanisms to properly monitor those expenses.

Expense Reduction 232

Expense Reduction Logistics Network Optimization Software Supply Chain Planning Software Modeling Software 232

GlobalTranz

MAY 23, 2016

So, your organization has decided to explore the benefits and perks of less than truckload freight shipping. However, the set-up costs and initial implementation of LTL relationships can seem daunting. Let’s take a look at how the TMS impacts the costs of shipping over the long term in four critical areas.

Freight 136

Freight Shipping Cost Reduction Strategies Inventory Reduction 136