4WL Consulting

JULY 24, 2023

An interesting fact to start us offdid you know that transportation costs account for about 50% of total logistics costs ? It’s a significant chunk of change, making the task to reduce freight costs an absolute priority for any logistics and supply chain management firm.

Cost Reduction Strategies 130

Cost Reduction Strategies Logistics Network Optimization Software Supply Chain Planning Software Freight 130

The Logistics & Supply Chain Management Society

NOVEMBER 25, 2023

Reshoring to the US and Europe Accelerating, Now Also Serving CO2 Emission Reduction Objectives by Luc Kremers , Vice President – Asia Pacific, BCI Global Reshoring is accelerating as American and European companies want to de-risk their supply chains from geopolitical developments and supply chain disruptions.

Cost Reduction Strategies 274

Cost Reduction Strategies Waste Reduction Europe Pharmaceutical 274

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that that are each proven to reduce a company’s costs.?

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Logistics Viewpoints

AUGUST 25, 2021

A TMS offers optimization capabilities across multiple modes to improve service levels and reduce freight spend. Below are some transportation strategies for success for suppliers of TMS, TES, and MTS. Coronavirus has changed the outlook for direct-to-consumer commerce, and a TMS is now a critical component of this strategy.

Price Reduction 284

Price Reduction Cost Reduction Strategies Expense Reduction Price Mitigation Strategies 284

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains. This article was originally written and published for DHL in January 2020 and focused on the trade wars and how to leverage opportunities for tariff reductions. Product strategies. without being subject to tariffs.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Logistics Viewpoints

JULY 12, 2022

The rise in fuel costs, especially diesel, is significantly impacting the bottom line of many B2B companies such as distributors and wholesalers. Instead, transportation and logistics organizations need to make fuel cost mitigation a company-wide effort. How customers are served is big driver of fuel costs.

Cost Reduction Strategies 271

Cost Reduction Strategies Material Savings Resource Reduction Price Reduction 271

Logistics Viewpoints

MAY 27, 2024

The company is operationalizing this target by reducing emissions as much as possible, increasing use of carbon-free electricity, and removing the emissions that remain. Supporting hypergrowth while reducing supply chain logistics emissions is not an easy feat. This of course generates carbon from transportation activities.

Supply Chain Design Software 229

Supply Chain Design Software Cost Reduction Strategies Inventory Reduction Supply Chain Design 229

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

Responding to the 2023 IMO GHG Strategy by Wolfgang Lehmacher, Mikael Lind and Robert Ward Illustration: Sandra Haraldson, RISE 7 July 2023 marked a historic day for the shipping sector when the International Maritime Organization (IMO) adopted its 2023 IMO Strategy on Reduction of GHG Emissions from Ships (2023 Strategy).

Material Savings 147

Material Savings Resource Reduction Cost Reduction Strategies Sourcing Strategies 147

Logistics Viewpoints

FEBRUARY 20, 2024

That strategy can lead to thousands of scenarios, and still no number of scenarios will answer all questions. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. While this sourcing strategy is the most cost-effective one, the business might not want to operate like that.

Sourcing Strategies 240

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 240

Logistics Viewpoints

JUNE 7, 2023

First, what are some things companies can do to reduce delivery costs and how does technology play a role? Third, how can both retailers and logistics providers better cooperate to provide enhanced service and reduced costs? Reducing Cost per Delivery Reducing cost per delivery is a critical KPI for companies.

Cost Reduction Strategies 199

Cost Reduction Strategies Purchasing Skills Logistics Network Optimization Software Predictive Analytics Software 199

Synovos

MARCH 5, 2024

Overhauled MRO Strategy Propels UK Food Manufacturer to Save Millions, Boost Productivity For most companies, the COVID-19 pandemic presented a significant challenge in managing operations. Stock reduction is also part of the amassed savings. Some navigated that challenge successfully. Adding to that pressure was unplanned downtime.

Material Savings 98

Material Savings Inventory Reduction Cost Reduction Strategies Waste Reduction 98

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. In order to stay ahead of inflationary trends, procurement teams need to be proactive and continuously adjust their strategies.

Sourcing Strategies 264

Sourcing Strategies Price Reduction Purchasing Skills Manufacturing Procurement 264

The Logistics & Supply Chain Management Society

APRIL 15, 2021

This unlocks enormous value as you eliminate time lags, lower costs, and slash inventory buffers across the network. This strategy enables companies to achieve four critical objectives: Unlock value trapped in the supply network that is due to poor data quality and communication. The Downfall of Enterprise-Centric Technology.

Inventory Reduction 259

Inventory Reduction Cost Reduction Strategies Expense Reduction Supply Chain Planning Software 259

SCMDOJO

MARCH 8, 2024

In this blog, we’ll explore some key inventory optimization strategies that can benefit businesses of all sizes and industries. Top 5 Inventory Optimization Strategies Explained Managing inventory efficiently is vital for any business.

Inventory Reduction 84

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 84

Supply Chain Shaman

JUNE 14, 2024

This morning, I want to tell you the story of a supply chain leader’s journey from focusing on cost to understanding value. The traditional supply chain leader focuses on reducing costs. The focus on a marketing-driven strategies and IT standardization. A focus on costs by supply chain in a self-serving agenda.

Cost Reduction Strategies 195

Cost Reduction Strategies Waste Reduction Inventory Reduction Supply and Demand 195

Locus

JUNE 30, 2023

Those working in shipping and last-mile delivery are all too familiar with the ubiquitous dilemma: cost optimization. Yet, the difficulty lies not in curtailing costs but in understanding and mitigating the long-term repercussions of such actions. This dramatically reduces the margin of manual error, improving overall efficiency.

Cost Reduction Strategies 52

Cost Reduction Strategies Resource Reduction Expense Reduction Price Reduction 52

Procurement Academy

JULY 19, 2024

Let’s take a look at how you can develop and implement your procurement strategy roadmap from start to finish and address key challenges you may face along the way, as well as save costs and mitigate risk. While this is a welcome shift in global procurement strategy, it’s forcing companies to adapt their procurement strategy roadmaps.

Cost Reduction Strategies 52

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 52

EazyStock

AUGUST 21, 2020

However, holding too much can have a number of negative implications, such as high carrying costs , over-investment in stock and poor cash flow. So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Resource Reduction 52

GlobalTranz

OCTOBER 2, 2017

Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points. Planning Is Essential To Have an Effective Last Mile Logistics Strategy.

Inventory Reduction 363

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

Precoro

AUGUST 31, 2023

To prepare for possible disruptions and to stay cost-efficient in general, companies should be conscious about their spending at all times, and should avoid paying for the things that don’t contribute to business profitability. Cost savings help a business to stay competitive in the market, boost cash flow, and improve the bottomline.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

GlobalTranz

JANUARY 16, 2019

But, with a well-planned strategy, you too can reduce expenses in your workplace. Still, some losses are a predictable expense and you can’t entirely eliminate them. Reduce Labor Costs Most of your operating budget will go towards labor. Either you reduce pay or find a way to increase work efficiency.

Cost Reduction Strategies 226

Cost Reduction Strategies Expense Reduction Waste Reduction Vendor Strategies 226

John Galt

MARCH 1, 2024

Strategic supply chain planning is crucial for handling complexity and increasing costs. Explore ways to reassess supply chain strategies.

Cost Reduction Strategies 88

Cost Reduction Strategies Supply Chain Strategy Supply Chain Planning Strategy 88

GlobalTranz

MARCH 1, 2021

To reap the rewards of a data-driven e-commerce returns strategy, logistics leaders should follow these steps: Keep all stakeholders working together and sharing the right information with related communications via API-integrated systems. Continuously measure performance with returns key performance indicators.

Real-time Visibility 285

Real-time Visibility Cost Reduction Strategies Resource Reduction Price Mitigation Strategies 285

SCM Research

MARCH 15, 2024

Global Supply Chains Amplify Economic Costs of Future Extreme Heat Risk , just published in Nature , reveals a worrying escalation in global heatwaves, posing significant health and economic risks through increased mortality, reduced labor productivity, and widespread economic disruptions in supply chains.

Cost Reduction Strategies 204

Cost Reduction Strategies Supply Chain Strategy Global Supply Chain 204

ToolsGroup

DECEMBER 2, 2021

This leads to excessive costs, waste and obsolescence. Download our ebook: Demand Forecast Is Why You Need to Adopt a Service-Driven Supply Chain Strategy. Whether you’re in manufacturing, retail, or another industry, here are four strategies that supply chains just like yours have used to win at demand forecasting.

Inventory Reduction 156

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 156

OptiProERP

SEPTEMBER 22, 2022

Saving on operational costs is one of the biggest goals for manufacturing companies. Most manufacturers look to streamline systems, reduce production costs, and increase profitability without sacrificing product quality. Understanding the Manufacturing Cost. Direct labor cost – front-line worker wages.

Cost Reduction Strategies 52

Cost Reduction Strategies Waste Reduction Expense Reduction Vendor Strategies 52

GlobalTranz

FEBRUARY 24, 2021

Among these, an integrated return management strategy can make or break successful operations. Failure to consider how the disruption affects all parts of the supply chain will lead to delays and added costs. Use Real-Time Data to Inform Your Returns Management Strategy. Disruptions constitute a significant factor.

Resource Reduction 276

Resource Reduction Cost Reduction Strategies Inventory Reduction Supply Chain Planning Software 276

Unleashed

OCTOBER 23, 2023

Efficiency in manufacturing comes from having the right preparation and the most cost-effective processes in your arsenal. Production planning is where you map out how your business will operate – the resources, strategies, equipment, and labour required to hit your production goals.

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98

Logility

MAY 17, 2023

The urgent need for supply chain resiliency is increasing interest in onshoring, reshoring, and nearshoring strategies. Yet, their search is more than a matter of finding low-cost alternatives. However, such changes are not immune to tradeoffs that may increase your costs in other business areas.

Vendor Strategies 170

Vendor Strategies Cost Reduction Strategies Price Reduction Inventory Reduction 170

Logistics Viewpoints

JULY 24, 2024

Some respondents also see value in RPA in reducing risk, increasing capacity without increasing headcount, streamlining processes, providing competitive advantage, and improving customer service. Many technologies are implemented as a source of cost cutting.

Supply Chain Software 242

Supply Chain Software Manufacturing Procurement Supply Chain Planning Software Inventory Reduction 242