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

Logility

APRIL 20, 2022

And they’ve had little to no time to recover from raw material and labor shortages, supplier and factory failures, transportation delays, and rising costs while encountering unpredictable demand. Developing Diverse, Resilient Sourcing Strateg ies.

Sourcing Strategies 130

Sourcing Strategies Material Savings Vendor Strategies Inventory Reduction 130

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

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 171

Vendor Strategies Cost Reduction Strategies Price Reduction Inventory Reduction 171

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

ivalua

AUGUST 11, 2021

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. Responsible sourcing requires a shift in thinking and priorities. There is a growing trend among consumers for responsible sourcing or ethical sourcing.

Sourcing Strategies 130

Sourcing Strategies Purchasing Skills Sourcing Expense Reduction 130

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

Resilinc

APRIL 17, 2024

Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Streamlining processes, optimizing costs, and ensuring timely delivery are the top priority. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. What is single sourcing and sole sourcing?

Sourcing Strategies 98

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiate Pricing 98

ivalua

JANUARY 13, 2023

As discussed in earlier blogs, supplier diversity has evolved from “token gestures” or a “cost of doing business” with the US Government, to an expectation of investors, customers, and employees. These behaviors are commercially advantageous, increasing competition to directly improve quality, drive down costs, and improve project ROI.

Sourcing Strategies 246

Sourcing Strategies Cost Reduction Strategies Expense Reduction Optimal Sourcing 246

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

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 Survey 195

ivalua

NOVEMBER 26, 2020

Supply Chain Strategies: What the Pandemic Has Taught Us So Far? While this strategy appears to be a viable solution, as there will be some shortening of supply chains moving forward, it is not realistic to expect that a vast global supply chain network will not continue to exist. Supply Chain Resilience vs Low-Cost Supply Chain.

Sourcing Strategies 264

Sourcing Strategies Material Savings Cost Reduction Strategies Inventory Reduction 264

Enterra Insights

JUNE 3, 2022

When a person hears the term “strategy,” they often think about military operations. ” A strategy is a plan of action that helps get you to where you want to go. .” ” A strategy is a plan of action that helps get you to where you want to go. Developing an Effective Logistics Strategy.

Sourcing Strategies 130

Sourcing Strategies Resource Reduction Cost Reduction Strategies Supply Chain Strategy 130

Procurement Academy

OCTOBER 19, 2023

Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. This involves aligning procurement strategies with the overall business objectives such as innovation, sustainability, and resilience.

Optimal Sourcing 52

Optimal Sourcing Vendor Strategies Price Reduction Resource Reduction 52

ProcurePort

JUNE 29, 2022

• Robust and flexible procurement strategy can help you reduce operational and logistical experiences and equally serve as a competitive advantage. Today, supply chain and transportation costs amount to 60% to 70% of total sales, depending on the company and industry. •

Sourcing Strategies 52

Sourcing Strategies Cost Reduction Strategies Supply Chain Strategy Sourcing 52

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. Better sourcing processes, how to implement omnichannel fulfilment, and creative solutions for labour shortages. Your carrier strategy is the area that needs focus in 2022. Increased sales.

Cost Reduction Strategies 130

Cost Reduction Strategies Price Reduction Sourcing Strategies Price Mitigation Strategies 130

ShipBob

DECEMBER 28, 2022

Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

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 211

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 211

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!

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

Furthermore, with the increased focus on sustainability and reducing carbon emissions, organisations have to carefully select and evaluate their suppliers to meet these goals. Hence, businesses must undertake the strategic sourcing process to mitigate risks in an uncertain environment and improve retail competition.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Sourcing Strategies Optimal Sourcing Purchasing Skills 130

Logistics Viewpoints

JUNE 6, 2022

Transportation is, of course, a major source of green house emissions. A transportation management system (TMS) allows a shipper or carrier to plan the most cost-effective set of shipments that meets service level goals. A TMS can be a great way to save money while lowering costs. That is more than any other sector.

Cost Reduction Strategies 223

Cost Reduction Strategies Price Reduction Supply Chain Planning Software Transportation 223

ToolsGroup

OCTOBER 10, 2022

For manufacturers, the overall health of the supply chain is one reason inventory control is so critical; it has a direct impact on profits through an income statement item called cost of goods sold (COGS). Rising Costs of a Tight Labor Market. 4 Common Inventory Pitfalls Manufacturers Must Avoid.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

Supply Chain Matters

JULY 15, 2022

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. Supply chain strategy, process, talent and enabling technologies each play important roles. Sourcing was both a cost as well as landed cost decision factor. Timing was a further crucial factor.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. This approach results in inefficiencies, higher costs, and missed opportunities. These costs fall within the “Cost of Goods Sold” components of the company’s financial statement.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

ShipBob

JANUARY 15, 2024

In this guide, we’ll explore the main causes of inventory glut, innovative strategies to tackle it, and how working with a 3PL can help reduce inventory risk. To properly manage it, businesses need to be proactive in implementing the right strategies and technologies. What is inventory glut? What causes inventory glut?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Logistics Viewpoints

NOVEMBER 8, 2022

This is starting to mount cost pressures just at the time when additional investments are needed to build resilience. So, how can organizations tackle the inflationary environment by finding significant cost savings opportunities while improving resiliency? The key to this lies with sourcing. Digitalizing sourcing (i.e.,

Optimal Sourcing 204

Optimal Sourcing Material Savings Sourcing Strategies Sourcing 204

Talking Logistics

OCTOBER 27, 2016

The USA says it intends to reduce emissions by 26-28 percent below its 2005 level by 2025 , trying hard for the upper limit. Outside of the Paris Agreement, the European Union (EU) has a goal of reducing greenhouse gas emissions from transport by around 60 percent below 1990 levels by 2050.

Cost Reduction Strategies 100

Cost Reduction Strategies Material Savings Modeling Software Sourcing Strategies 100

BlueYonder

DECEMBER 11, 2023

The case of this tech retailer, The Source , shows why. Manual Analysis No Longer Cuts It The Source produces more than $400 million in annual revenue across more than 300 retail locations and online. The Source sells low-frequency purchases such as TVs, fast-moving convenience items such as chargers and everything in between.

Inventory Reduction 74

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Retail 74

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 92

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 92

Unleashed

JANUARY 25, 2023

Billowing international lead times and rising costs have pushed businesses to hold record amounts of stock, shrinking gross profit margins. In these tricky times, smart cash flow management strategies are essential to bring down costs (or push profits) in controllable areas, offsetting international instability.

Material Savings 98

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 98

ivalua

FEBRUARY 11, 2021

What are Green Supply Chain Strategies? Everlane does this by showing the cost breakdown of the goods that it offers through its website and so you can see the costs of materials, labour and transport for it best selling court sneakers. How can large companies address sustainable Supply Chain strategies?

Material Savings 189

Material Savings Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 189

ToolsGroup

MARCH 2, 2022

Failure to communicate can result in missed deadlines, untimely deliveries, increased transportation costs , shortages, and irate customers. Your demand planning and forecasting strategy are in tip top shape. Single-source suppliers. Sole-source suppliers. Use these 8 strategies to combat supply shortages.

Sourcing Strategies 156

Sourcing Strategies Vendor Strategies Cost Reduction Strategies Material Savings 156

Resilinc

JANUARY 19, 2022

spokesperson noted that this was not Toyota’s goal – and likely not sustainable – the change in ranking is widely seen as a vindication of Toyota’s supply chain strategies. As reported in a recent Resilinc blog , supply chains for EV batteries and electric motors are also challenged by ethical sourcing concerns.

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Price Reduction Cost Reduction Strategies 62