Locus

OCTOBER 5, 2021

Today, businesses are at the cusp of new changes in the supply chain that includes evolving customer expectations, omnichannel purchasing, and the shipping of unpredictable volumes. With the supply chains of all businesses going through a transformational shift, it is important for them to make tough decisions concerning logistics models.

Modeling 52

Modeling Modeling Software Optimization Modeling Logistics Network Optimization Software 52

Intelligent Audit

SEPTEMBER 30, 2021

The GRI shipping term refers to the usual increase in fees that are applied to container shipping rates. To help your company keep total costs in check, this blog will dig into the fundamentals behind GRI shipping increases, what a GRI surcharge is and a few other things to know. What GRI Stands for in Shipping.

Shipping 52

Shipping Expense Reduction Cost Reduction Strategies Resource Reduction 52

GlobalTranz

APRIL 10, 2017

Shippers often forget about the possible savings through an effective inbound logistics strategy. In addition, managing vendors and inbound logistics can feel like a lot of work for little gain, yet the possible savings by implementing an inbound logistics program can add up through these key ways.

Cost Reduction Strategies 179

Cost Reduction Strategies Vendor Strategies Inventory Reduction Negotiating Skills 179

Intelligent Audit

MAY 6, 2021

That risk of something adverse occurring — a disruption — continues to drive investments of time and resources into more informed decision-making and leveraging logistics analytics. Track the Right Performance Metrics. The next key to transportation network optimization rests with performance metrics. Industry 4.0

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

Intelligent Audit

DECEMBER 10, 2020

That’s why shippers need to track shipping data and the supply chain KPI values that affect both throughput and financial stability. The so-called perfect order metric is the ideal supply chain KPI. But it’s always subject to logistics analytics interpretation. But the metric shows how well a warehouse operates.

Supply Chain Software 52

Supply Chain Software KPI Supply Chain Optimization Supply Chain Strategy 52

Intelligent Audit

SEPTEMBER 9, 2021

With the growing focus on and demand for two-day and even same-day shipping, consumers want fast and reliable shipping services, which always come at a price. As shippers and logistics managers know all too well, speed-to-market services impact overall costs. Analysis of shipments to identify the cost and expense average zone.

Freight 52

Freight Expense Reduction Supply Chain Planning Software Cost Reduction Strategies 52

Talking Logistics

JUNE 30, 2015

It is easy to understand why strategy is often set aside to meet immediate needs of getting product shipped out the door. Large and mid-size shippers typically have procurement personnel but may lack coordination across shipping locations. If so it may be impossible to conduct an apples-to-apples comparison.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Logistics Viewpoints

JULY 19, 2023

However, sustainability in logistics goes well beyond these initiatives. APQC conducts research on supply chain and logistics to help organizations assess the performance of their own processes and functions compared to their peers. By comparison, 85 percent of orders are accomplished in one delivery for those at the 75th percentile.

Sustainability 193

Sustainability Optimal Sourcing Logistics Material Savings 193

Talking Logistics

FEBRUARY 18, 2015

Financial data and visibility into the costs associated with shipping are critical to improving corporate financial performance. Total cost management is just one part of supply chain visibility, but a very important part based on the financial impact that shipping has on the organization. There’s also process improvement.

Supply Chain Visibility 100

Supply Chain Visibility Negotiating Skills Optimal Sourcing Supply Chain Optimization 100

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. parts per million, in comparison to the 1960 levels of 316.91 The latter was so severe that cargo ships had to run at half their usual capacity. Fighting climate change with green logistics. parts per million. Source: Statista.com. Download Now!

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Logistics Bureau

SEPTEMBER 3, 2017

And by comparison and with apparently so much to gain, why do some logistics service providers and their clients fail to team up effectively? Making collaboration work at the logistics sharp end is possible, but there are conditions. What Can Companies Gain from Collaborating in Logistics? Shared logistical expertise.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

Logistics Bureau

SEPTEMBER 3, 2017

And by comparison and with apparently so much to gain, why do some logistics service providers and their clients fail to team up effectively? Making collaboration work at the logistics sharp end is possible , but there are conditions. What Can Companies Gain from Collaborating in Logistics? Shared logistical expertise.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

Silvon Software

MAY 7, 2018

Webster’s Dictionary defines efficiency as, “effective operation as measured by a comparison of production with cost (as in energy, time, and money).” In simple terms, this means that distributors should strive to achieve the best possible result for every dollar spent relative to purchasing, repackaging, picking, packing and shipping.

Procurement Analytics 65

Procurement Analytics Analytics Optimal Sourcing Sourcing Strategies 65

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Logistics network inefficiencies can also leave costly trails. All of this at the best price.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Shaman

JULY 8, 2013

In the Supply Chain Metrics that Matter table, we can clearly see that “operating margin” and “inventory turns” matter to public financial performance. Each faces four years of deterioration on this important supply chain metric. Another example is the work that we are doing on collaborative shipping.

Supply and Demand 210

Supply and Demand Demand Planning Software Modeling Supply Chain Planning Software 210

Supply Chain Game Changer

NOVEMBER 19, 2018

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. The Supply Chain arranges for the appropriate logistics, and negotiates terms and conditions with Suppliers, audits Suppliers, and deals with quality strategies and issues.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Supply Chain Shaman

JULY 29, 2013

Which supply chain metrics correlate to market capitalization by Morningstar sector? Note that the ratios are better than absolute numbers because it helps in the comparison of large and small companies and performance across currencies.) Performance-based logistics in aerospace and defense changed the A&D industry forever.

Supply Chain Planning Software 285

Supply Chain Planning Software Supply Chain Design Software Modeling Analytics Software 285

Intelligent Audit

NOVEMBER 3, 2021

Large shipping companies that average at least $1 billion in annual revenue can report processing costs that come in 70 percent lower than smaller shippers in the market. It’s no surprise that cost allocation has become such a huge part of your shipping operations. Prepaid Freight. Digital Credit and Cost Underwriting.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Freight Vendor Strategies Expense Reduction 52

GlobalTranz

JULY 14, 2017

How do shippers know if their carrier selection process for less-than-truckload (LTL) shipping is working? Knowing the proper metrics and data points to track promotes cost-effective shipping practices and can improve vendor, carrier and consumer relationships, reports Merrill Douglas of Inbound Logistics.

Data 151

Data Negotiating Skills Vendor Strategies Resource Reduction 151

ShipBob

SEPTEMBER 17, 2021

Calculating shipping costs is easy, right? If you’re a new ecommerce brand, you might think that your shipping costs always depends on the actual weight of the shipment. However, the actual weight is only one part of the equation as far as understanding what your shipping rate will be. What is billable weight?

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Material Savings Price Reduction 52

GlobalTranz

NOVEMBER 19, 2015

Today we continue our long series and look at teaching shippers how to remain strategic when it comes to logistics and their transportation management program. Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency. 6 Benefits of Applying Useable Data in Logistics For Continuous Improvement.

Transportation Management 120

Transportation Management Transportation Sourcing Strategies Data 120

Intelligent Audit

MAY 19, 2022

Ongoing pandemic effects, data utilization, and changing logistics patterns drive an industry that’s quickly adapting and anticipating shipper needs. The state of freight payment is healthy and growing with an emphasis on global trends, better data utilization, and micro-logistics. Aggregate Data Across All Connections.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimal Sourcing Freight Expense Reduction 52

Intelligent Audit

NOVEMBER 5, 2021

In recent years, shipping GRIs among carriers tend to be around 3% to 5% each year. This average shipping rate increase index is a reflection of how carriers look to balance demand with capacity, but it’s not always the same. Fifteen actionable steps that mitigate higher shipping rates’ impact.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52

GlobalTranz

MARCH 24, 2015

Although it is certainly important for carriers and shippers to review industry averages in comparison with their own costs and profits, many may use these averages – or benchmarks – without proper conjunctive analysis and without fully understanding their costs and profits. Maintenance repair was the next most expensive line item expense.

Benchmarking 120

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

Zipline Logistics

SEPTEMBER 29, 2020

Tender rejections, a metric used to determine how much contracted freight is rejected and sent to the spot market, have been hovering around 25% for the past few months. Retail peak season is here on the heels of a busy summer for the logistics sector. Work with a True Logistics Partner to Navigate Peak Season.

Freight 52

Freight Manufacturing Procurement Logistics Network Optimization Software Los Angeles 52

Logistics Bureau

SEPTEMBER 12, 2017

In today’s fast-moving logistics environment, the pressure is often on to achieve lower costs, faster delivery, and operational flexibility. Logistics outsourcing is frequently “sold” on the dollars and hours it saves a business compared to its in-house operations. The relationship is fragile. Trust is however table stakes.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics 3PL Cost Reduction Strategies 40

Intelligent Audit

MAY 9, 2022

Transportation providers and logistical companies alike can benefit from the services provided by freight audit companies. When looking at responses from individuals in transportation and logistics, that percentage increases to 45%. Standardize Shipping Cost Audits for Apples-to-Apples Comparisons.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Material Savings 52

Intelligent Audit

MAY 2, 2022

Actionable analytics and insights are meaningful findings resulting from data collection, interpretation, and logistics intelligence. As highlighted by Transport Topics in a January 2022 article discussing freight shipping analytics, “ Data shows total truckload rates year-over-year are holding around 12% higher.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Analytics Software Predictive Analytics 52

GlobalTranz

NOVEMBER 17, 2016

Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Raw material suppliers and logistics. Transportation modes used in procurement and shipping. This is actually where the concept of third-party Logistics providers involved. Increasing order efficiency.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

ShipBob

AUGUST 3, 2020

Founded in 2006, this firm is slightly newer in comparison to others. A thorough understanding of metrics that prove out business models. Order fulfillment refers to the picking, packing, and shipping of customer orders. Most founders don’t get into business to take on logistics. Greycroft Partners.

Trends 105

Trends Purchasing Skills Manufacturing Procurement Modeling Software 105

ShipBob

FEBRUARY 18, 2022

At minimum, inventory and orders data must be synced across all platforms in real time to ensure accurate and fast fulfillment and shipping. They come back home and do some product comparison on Amazon, check out customer reviews, and compare prices. They opt to have the item ship-to-store then pick it up using curbside pick-up. .

Inventory Management Software 52

Inventory Management Software Inventory Reduction Forecasting Software Demand Planning Software 52

Supply Chain Game Changer

SEPTEMBER 6, 2022

And then they shipped those goods in accordance with customer orders received into those facilities. On the surface it sounded like a typical manufacturing, logistics, or distribution operation. And a cursory look at benchmark comparisons to competitors showed the company lagging behind in virtually every metric.

Optimal Sourcing 80

Optimal Sourcing Supply Chain Optimization Global Supply Chain Planning 80

ShipBob

FEBRUARY 23, 2022

At minimum, inventory and orders data must be synced across all platforms in real time to ensure accurate and fast fulfillment and shipping. They come back home and do some product comparison on Amazon, check out customer reviews, and compare prices. They opt to have the item ship-to-store then pick it up using curbside pick-up. .

Omnichannel 98

Omnichannel Inventory Management Software Inventory Reduction Forecasting Software 98

GlobalTranz

OCTOBER 8, 2018

E-commerce has presented wholesale distributors and original equipment manufacturers (OEMs) with a crown opportunity for growth, but it comes at the cost of transitioning from single-channel shipping. Some of these, reports Channel Advisor , include: Multichannel fulfillment has an increased cost in comparison to traditional shipping.

Shipping 120

Shipping Cost Reduction Strategies Manufacturing Procurement Optimal Sourcing 120

6 River Systems

FEBRUARY 25, 2019

From raw materials sourcing to warehouse operations , logistics technology , order fulfillment and beyond, there are dozens of points throughout the supply chain, all of which contribute to overall supply chain efficiency. Sankar Gopinath is a digital marketer with Syndicate RFID with more than 6 years of experience in B2B marketing.

Optimal Sourcing 55

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Optimization Software 55

Supply Chain Game Changer

NOVEMBER 7, 2018

They themselves were confused over the number of aged invoices, the amounts, the metrics, the issues preventing payment, the critical parts being held hostage by suppliers in exchange for payment, the problems preventing payment, processes, and responsibilities. It became obvious that just asking them to pay the bills was not going to work.

Pricing Training 42

Pricing Training Procurement Analytics Purchasing Training Negotiate Pricing 42