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.

Supply Chain Planning Software 245

Supply Chain Planning Software Inventory Reduction Cost Reduction Strategies Material Savings 245

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 Expense Reduction Resource Reduction Price Reduction 52

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.

Cost Reduction Strategies 294

Cost Reduction Strategies Price Reduction Expense Reduction Transportation 294

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 Manufacturing Procurement Price Reduction Purchasing Skills 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.

Supply Chain Planning Software 259

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

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 Inventory Reduction Waste Reduction Vendor Strategies 52

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.

Supply Chain Strategy 170

Supply Chain Strategy Supply Chain Design Software Supply Chain Optimization Supply Chain Planning Software 170

AIMMS

JULY 19, 2023

Product segmentation strategies trigger leaders to rethink their supply chain optimization plans, by focusing on cost-efficiency, service, and sustainability. 

Supply Chain Optimization 156

Supply Chain Optimization Supply Chain Strategy Supply Chain Planning Supply Chain 156

Freight Plus

MAY 25, 2023

Whether you work in manufacturing, distribution, or retail, understanding dwell time is crucial for optimizing your supply chain efficiency and reducing costs. We also outline the ways it can impact your transportation costs and ten strategies […] The post 10 Strategies for Reducing Dwell Time appeared first on FreightPlus.

Cost Reduction Strategies 52

Cost Reduction Strategies Supply Chain Strategy Price Mitigation Strategies Supply Chain Optimization 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

RFgen

MAY 10, 2023

The ability to control costs is critical for effective inventory management. Greater efficiency helps reduce costs and improve profit margins, giving you the edge over competitors. But how do you reduce inventory costs and maximize profit margins? Cutting Costs: Strategies for Reducing Inventory Costs 1.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Vendor Strategies 52

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 Inventory Reduction Expense Reduction Waste Reduction 226

SCMDOJO

AUGUST 4, 2023

If so, then it’s time to consider the numerous benefits of reducing inventory. In this article, we’ll explore seven compelling reasons why you should reduce inventory and how it can be a game-changer for your business. In some cases, inventory levels can see an increase to save costs, increase profit, and more.

Inventory Reduction 90

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 90

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 Logistics 363

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.

Supply Chain Strategy 156

Supply Chain Strategy Supply Chain Planning Software Forecasting Modeling 156

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 Supply Chain Optimization 285

Unleashed

DECEMBER 28, 2021

One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. In this article we outline the 15 best methods you can use to reduce inventory: Why do businesses reduce inventory? Some higher costs. Less waste.

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategies Waste Reduction Expense Reduction 86

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.

Supply Chain Planning Software 276

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

ivalua

JANUARY 29, 2021

The most striking view of this change of importance that the survey delivers is around the significant increase in focus on cost reduction due to the pandemic. It is no surprise that cost reduction was the leading area before the pandemic, but it was in a group of 3 other priorities, such as risk management that we will cover later.

Cost Reduction Strategies 195

Cost Reduction Strategies Material Savings Vendor Strategies Supply Chain Software 195

The Logistics & Supply Chain Management Society

MARCH 21, 2023

Why Multi-Carrier Parcel Shipping Strategies Are Winning in 2022 by Lindsay Schuemann , Marketing Manager at Enveyo Two years. Your carrier strategy is the area that needs focus in 2022. Multi-Carrier Parcel Shipping Strategy: Where To Start? Why Is A Multi-Carrier Parcel Shipping Strategy Better? Increased sales.

Cost Reduction Strategies 130

Cost Reduction Strategies Price Reduction Sourcing Strategies Supply Chain Strategy 130

GlobalTranz

APRIL 24, 2020

Many retailers have implemented buy online, pick up in store (BOPIS) strategies without realizing it. The post As Retailers Eye Last-Mile Strategies, They Launch BOPIS to Neutralize Costs appeared first on Transportation Management Company | Cerasis.

Cost Reduction Strategies 182

Cost Reduction Strategies Supply Chain Strategy Retail Supply Chain 182

Clear Spider

JULY 11, 2023

Ultimately, getting a head start is an important consumer strategy that businesses should be aware of. To help, we’ve gathered a list of key trends to be aware of and the most effective inventory management strategies that will optimize your supply chain for back-to-school success. What’s Trending?

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy Inventory Reduction 97

Unleashed

AUGUST 6, 2023

Competitive pricing enables businesses to take advantage of their market by basing product prices on the competition instead of the cost to produce finished goods. It’s a handy sales strategy to keep in your business toolbox – and can be essential to success in highly competitive markets. Coffee chains.

Price Reduction 52

Price Reduction Cost Reduction Strategies Inventory Reduction Expense Reduction 52

ToolsGroup

SEPTEMBER 13, 2023

A high performance inventory strategy focuses on optimizing inventory levels and minimizing costs while ensuring product availability and safeguarding the customer experience. When we’re talking about “optimizing” inventory, we don’t mean making blanket cuts to inventory across the board.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Optimization Inventory Reduction Supply Chain Planning 156

Logility

MAY 3, 2021

While sales and operations planning (S&OP) is critical to the creation of an overall business strategy to maintain a competitive edge, sales and operations execution (S&OE), along with a process to support it, should also be a top priority for your organization. This keeps operational costs optimized. S&OP Defined.

Inventory Reduction 246

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 246

Logistics Viewpoints

SEPTEMBER 13, 2022

In the past few decades, an increasing number of organizations have adopted environmental, social and governance ( ESG ) initiatives to help heal the planet as well as to make cost and efficiency improvements in their supply chain and procurement operations. What obstacles are companies facing in making the most of this opportunity?

Cost Reduction Strategies 212

Cost Reduction Strategies Supply Chain Planning Software Supply Chain Software Supply Chain Planning 212

Intelligent Audit

DECEMBER 12, 2022

The Inflation Reduction Act, signed in August, is designed to ease rising cost pressures for businesses and consumers. Its main intention is to curb inflation by reducing the federal deficit, lowering prescription drug prices, and investing in domestic energy production while promoting clean energy. gateways for Asian imports.

Cost Reduction Strategies 52

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

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. Smart logistics strategies can reduce wastage and improve operational costs. Subscribe Here!

Supply Chain Strategy 104

Supply Chain Strategy Inventory Reduction Supply Chain Optimization Supply Chain Planning Software 104

Locus

JUNE 16, 2023

Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing. The biggest challenge that logistics providers face is rising last-mile carrier delivery costs. These include: 1.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Inventory Reduction Price Reduction 98