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. You will reduce overhead costs.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Vendor Strategies Material Savings 120

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

This also reduces mistakes and errors that can lead to lost revenue and delays. With regard to IoT, DB Schenker is equipping classic logistics infrastructure like freight containers, trucks, or department stores with sensor technology to systematically record all data points of a logistics shipment. Supply Chain 4.0 About the Author.

Supply Chain Disruption 246

Supply Chain Disruption Optimal Sourcing Supply Chain Software Agile and Lean Supply Chain 246

BR Williams Supply Chain Management

MAY 27, 2022

Improving efficiency can mean getting products into the hands of consumers faster, cutting shipping costs, and reducing labor costs – or a combination of all three. Transloading) strategy from a cross-docking service may be the perfect solution for your needs. Reduced costs and time savings.

Inventory Reduction 98

Inventory Reduction Cost Reduction Strategies Expense Reduction Modeling 98

The Logistics of Logistics

OCTOBER 26, 2020

3PL Basics: An Introduction to 3rd Party Logistics with Roberto Cadena. Robert is the Co-Founder and CEO of a company that provides operational, sales, marketing, and technology support to over 100 3PLs, so he has a very thorough understanding of the business. Vendor Managed Inventory. Inventory Management. Warehousing 3.)

Logistics Network Optimization Software 244

Logistics Network Optimization Software 3PL Agile and Lean Supply Chain Colombia 244

GlobalTranz

AUGUST 11, 2021

As market volatility, delivery expectations and customer experience levels impact supply chain strategy, shippers are looking for new ways to drive operational and competitive advantage from external expertise. Indicator 1: It’s Difficult to Track Your Inventory From Suppliers Through Final Mile.

Logistics Network Optimization Software 294

Logistics Network Optimization Software Transportation Supply Chain Software Supply Chain Planning Software 294

BlueYonder

MAY 30, 2024

To stay competitive, automotive companies must adopt this approach, continuously delivering cutting-edge features and functionalities. This results in longer lead times, reduced fulfillment levels, and declines in quality standards and customer satisfaction.

Conference 90

Conference Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction Strategies 90

GlobalTranz

FEBRUARY 18, 2022

In this post, we’ll do a deep dive into less-than-truckload (LTL) industry trends to watch for 2022, and highlight actions that shippers should consider to guide their strategy throughout the year. Labor shortages will have a lasting effect, effectively reducing capacity for carriers and terminals. LTL Industry Macro Trends.

Trends 227

Trends Resource Reduction Cost Reduction Strategies Inventory Reduction 227

Turvo

FEBRUARY 24, 2022

Third-party logistics, or 3PLs, help outsource business operations such as supply chain and logistics. The global demand for 3PL (third-party logistics) services is increasing due to the rapid rise of e-commerce. The worldwide 3PL industry, estimated at roughly $1 trillion in 2020, is predicted to reach $1.75

3PL 87

3PL Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 87

Supply Chain Game Changer

OCTOBER 13, 2022

Either they can’t get products at all or there is a massive delay in when they can get them, resulting in upset customers, frustrated business owners, and overworked freight companies. To plan for Q4 inventory, you had to have your orders in place several months ago and now, it’s too late. Shorter Lead Times. Average Cheaper Costs.

3PL 87

3PL China Inventory Reduction Supply Chain Planning 87

GlobalTranz

APRIL 25, 2017

The concept of actionable intelligence is about using technology and software to ensure company goals reflect industry strategy and demands. Furthermore, system integration brings disjointed systems together, allowing for better communication, added expenses and reduction of backlogs. Why Work With a 3PL?

Cost Reduction Strategies 156

Cost Reduction Strategies Resource Reduction Vendor Strategies Expense Reduction 156

Supply Chain Game Changer

DECEMBER 17, 2020

What’s the Difference Between Freight Management and Logistics Management? Freight Management services article and permission to publish here provided by Saheer Gurjot. According to Steele’s Transportation Group , freight management services help companies more efficiently move freight from one point to an end destination.

Logistics Network Optimization Software 78

Logistics Network Optimization Software Freight Expense Reduction Cost Reduction Strategies 78

BR Williams Supply Chain Management

DECEMBER 17, 2021

These business changes create stress and demand logistics responsibilities like inventory management, shipping, returns, exchanges, and freight carrier coordination. Should you handle your e-commerce product fulfillment yourself or partner with a third-party logistics (3PL) warehousing and distribution provider ? Hidden Costs.

3PL 105

3PL Negotiating Skills Purchasing Training Warehousing 105

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. 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 is expressed as a financial ratio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

The Logistics of Logistics

NOVEMBER 15, 2021

3PL Basics: An Introduction to 3rd Party Logistics with Roberto Cadena. Robert is the Co-Founder and CEO of a company that provides operational, sales, marketing, and technology support to over 100 3PLs, so he has a very thorough understanding of the business. Vendor Managed Inventory. Inventory Management. Warehousing 3.)

Logistics Network Optimization Software 130

Logistics Network Optimization Software 3PL Agile and Lean Supply Chain Supply Chain Planning Software 130

GlobalTranz

JANUARY 8, 2015

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

Inventory Reduction 120

Inventory Reduction Agile and Lean Supply Chain Lean Waste Reduction 120

ModusLink Corporation

FEBRUARY 8, 2023

With the economic benefits of free trade zones now more evident than ever, it’s essential to ask: “is your 3PL taking full advantage of the cost savings that free trade zones can provide?” Reduce or eliminate certain duties and Value Added Taxes (VAT). The answer, unfortunately, is only sometimes yes.

Negotiating Skills 78

Negotiating Skills Material Savings 3PL Cost Reduction Strategies 78

Kanban Logistics

SEPTEMBER 20, 2023

In addition to standard warehousing operations, your third-party logistics (3PL) provider may be able to handle additional value-added services. With these services, your 3PL partner can perform – within the warehouse – many services that go beyond basic pick, pack and ship. The driver misses a retailer appointment. retailers).

Warehousing 52

Warehousing 3PL Logistics Network Optimization Software Manufacturing Procurement 52

Parade

MARCH 3, 2021

Digitize Invoicing to Eliminate Errors and Guard Cash Flow. In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. For freight brokers and third-party logistics providers, efficiency is king.

Supply Chain Software 148

Supply Chain Software Resource Reduction Waste Reduction Cost Reduction Strategies 148

Logistics Bureau

JULY 10, 2023

As your enterprise grows or market conditions change, it may become evident that your organisation can benefit from partnering with a third-party logistics (3PL) provider. You will still need a hand on the tiller to define logistics strategy, manage the relationship with the 3PL provider , and monitor performance.

3PL 44

3PL Logistics Network Optimization Software Negotiating Skills Inventory Reduction 44

Logility

NOVEMBER 9, 2022

Powerful scenario analysis identifies optimal locations for future plants, warehouses or 3PL locations and quickly presents impacts to cost and service in an interactive environment. Determine the optimal scenario that minimizes total production, freight, inventory costs and meets service requirements.

Network Optimization Software 130

Network Optimization Software Network Optimization Modeling Optimization Modeling 130

GlobalTranz

SEPTEMBER 16, 2016

In this blog, they discuss everything you need to know about a 3PL business. What is 3PL? There are several definitions of 3PL. Third party logistics (3PL) is a company that provides an all-encompassing service to its customers of outsourced logistics services for a part or all of their supply chain management functions.

3PL 120

3PL Third Party Logistics Logistics Network Optimization Software Warehousing 120

GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? The added strain on resources is on track to force high freight volumes to continue well into the next year. Download the White Paper: Over the Road Freight Management Trends. Carrier Vetting for OTR Freight.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

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. Advantage 3PL. Controlling Information levels the Playing Field.

3PL 54

3PL Freight Procurement Analytics Negotiating Skills 54

Zipline Logistics

APRIL 20, 2020

An effective supply chain strategy that controls costs is crucial because margins for ingredient manufacturers are typically thin. Pragmatic analysis can uncover opportunities to make improvements that can help control inventory and manage costs. How Food Ingredient Shippers Can Make Logistics Improvements . Increase Communication.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Supply Chain Planning Software Supply Chain Design Software 52

The Logistics of Logistics

MAY 27, 2019

01:54] What will the 3PL industry look like in 2025? A non-traditional 3PL is Amazon, who is both a customer and a competitor to some of the other domestic 3PLs. Consolidation will be one of the ways the upper half of the 3PL industry will better compete. Smaller warehouses with micro inventory are getting more popular.

3PL 124

3PL Supply Chain Planning Software Logistics Network Optimization Software Demand Planning Software 124

GlobalTranz

FEBRUARY 2, 2015

Editor’s Note: Cerasis is a 3PL focused on transportation management. So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight.

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

GlobalTranz

FEBRUARY 23, 2022

Still, the e-commerce boom pushes more freight into trucks as shippers re-think inventory levels to meet omnichannel demands. With warehouses running at capacity, many companies rely on containers for storage, reducing the number of units available for new loads. Consider a Managed Transportation Services Strategy.

Trends 182

Trends Price Reduction Waste Reduction Inventory Reduction 182

BR Williams Supply Chain Management

SEPTEMBER 14, 2022

Business owners and managers are facing difficult decisions concerning where to cut spending while trying to maintain the same quality and service levels that their customers expect – or better. Benefits of 3PL Transportation Services. Financial times are challenging for most businesses in today’s economic landscape.

Resource Reduction 52

Resource Reduction 3PL Logistics Network Optimization Software Resources 52

ThroughPut

JANUARY 18, 2024

Third-party logistics (3PL) are fulfilling gaps between elevated demand and limited supply while remaining accessible, affordable, and compliant. For outbound supply chain operations, this trend focuses on lean outbound logistics by eliminating bottlenecks and assisting in futuristic supply chain planning for demand and capacity.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Vendor Strategies Inventory Reduction Resource Reduction 52

GlobalTranz

OCTOBER 23, 2015

We continue our series on understanding the 3PL KPIs (Key performance indicators) from 3PL consultant, Chuck Intrieri of The Lean Supply Chain as it relates to the engagement with a 3PL. 7 Strategic Performance Business Practices to Provide the Ability to Manage 3PL KPIs. There must be some of the 3PL KPIs for I.T.

KPI 120

KPI 3PL Supply Chain Planning Software Resource Reduction 120

20Cube Logistics

JANUARY 6, 2022

However, many SMBs and SMEs assume that working with a freight forwarder in Australia is reserved for large, international corporations. SMBs and SMEs can and should leverage the power of 3PL and freight-forwarding to reduce shipping costs, streamline their customer service and scale their operations. What is 3PL?

Freight 52

Freight Australia Logistics Network Optimization Software 3PL 52

BR Williams Supply Chain Management

DECEMBER 21, 2021

However, you can learn from the mistakes of your predecessors and benefit from our expertise, and to stay competitive, technology should be the top thing you look for when selecting a 3PL partner. Increase Transparency with Online Inventory. We consistently receive over 99% inventory accuracy.

Optimization Software 98

Optimization Software Supply Chain Planning Software Supply Chain Software Analytics Software 98

GlobalTranz

APRIL 3, 2015

Yet in outsourced logistics simply refers to hiring a third-party logistics service, 3PL, to handle the logistics services. From securing inventory to transporting goods from Point A to Point B, 3PL are taking over as in-house logistics teams fall flat. Meanwhile the experts of a 3PL will handle the distribution.

Logistics Network Optimization Software 120

Logistics Network Optimization Software 3PL Logistics Third Party Logistics 120

GlobalTranz

MAY 4, 2017

Outsourcing Technology to 3PLs Enables Competition in the Global Market. Another factor in the 3PL Revolution is gaining a competitive advantage in the global market. 3PLs have the benefit of having operated globally for years, and many are experts in international trade laws, compliance, and regulations. The Big Picture.

Supply Chain Design Software 140

Supply Chain Design Software Inventory Management Software Optimization Software Demand Planning Software 140

BR Williams Supply Chain Management

FEBRUARY 15, 2024

One effective strategy gaining prominence is outsourcing supply chain management to third-party logistics (3PL) companies , allowing businesses to delegate tasks and enhance overall efficiency. The result is a seamless, cost-effective movement of goods across the entire supply chain.

Resource Reduction 40

Resource Reduction Cost Reduction Strategies Inventory Reduction Supply Chain Optimization 40

BlueYonder

OCTOBER 1, 2022

Strategic relationships, improved collaboration with logistics providers, and the possibility of bringing 3PL/4PL in-house to reduce transportation and warehouse costs and gain more control over logistics operations are all strategies to enable supply chain resiliency. This has a substantial impact on their EBITDA margins.

Automotive 52

Automotive Cost Reduction Strategies Inventory Reduction Material Savings 52

BlueYonder

OCTOBER 5, 2023

During a recent “Logistics New Tomorrow” Blue Yonder Live, I spoke with Roy Bridgland, Senior Industry Strategy Director, and Brad Revell, VP of Logistics Service Providers (LSPs) Industry for Europe, Middle East and Africa (EMEA). As a result, our dedicated team supports our LSP customers with their digital transformation strategy.

Logistics Network Optimization Software 112

Logistics Network Optimization Software Logistics Supply Chain Software Inventory Reduction 112