GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. It had been a long night. However, I had little time to be tired. ” I smiled.

Material Savings 189

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 189

GlobalTranz

APRIL 12, 2017

An inbound vendor routing guide is comparable the beating heart of your operation. Unlike the heart, however, your routing guide needs to be continually updated to reflect the most relevant changes in carrier preferences, stipulations for compliance violations and detailed instructions on how to handle different shipping circumstances.

Vendor Strategies 121

Vendor Strategies Cost Reduction Strategies Price Reduction Modeling Software 121

Supply Chain Shaman

APRIL 18, 2023

Yes, we have achieved greater normalcy in transportation. As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. The traditional leader values cost reduction but is blind on how to value time. The ride is uphill, but the visibility is low. What is normalcy?

Supply Chain Planning Software 398

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 398

Unleashed

MARCH 28, 2021

SRM helps to determine how the organisation’s suppliers either contribute to or detract from the business. Part of an overall supply chain management strategy, SRM focusses on optimising efficiencies and creating value for all stakeholders. Reduces costs. Cost reductions. Optimises performance. Risk mitigation.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Logistics Viewpoints

MARCH 25, 2021

How To Overcome Supply Chain Disruption. Global trade regulations and conflicts, as well as tariff threats as a political tool, could cut off sources and markets and push your business plan into the red. It’s vital to identify and protect critical vendors and partners that could be unwitting attack vectors.

Supply Chain Planning Software 309

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 309

Supply Chain Game Changer

MARCH 14, 2022

Managing inventory and transportation isn’t a one-size-fits-all activity. For example, if your business is dependent on getting merchandise from point A to point B as quickly as possible, then you’ll want to ensure that employees are spending their time effectively with activities such as shipping. Supply Chain Logistics.

Course 115

Course Supply Chain Planning Software Agile and Lean Supply Chain Vendor Strategies 115

ThroughPut

MAY 3, 2024

With the help of the best Logistics Management Software, you can effectively manage the multifaceted process involved right from the production cycle to the delivery of raw materials to shipping the finished products to the consumers. Logistics has, however, come a long way. Before the 1950s, logistics was perceived in purely military terms.

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

Unleashed

AUGUST 20, 2023

Here we break down what lead time is, the types of lead times in supply chain management , the factors that affect lead time, and how to shorten lead times to provide a better customer experience. In a survey of 1,000 organisations, 74% of respondents in the US reported delays in shipping and longer lead times during the coronavirus pandemic.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Zipline Logistics

JULY 27, 2021

As produce transportation winds down and the freight market loosens slightly for the first time in several months, CPG shippers have the opportunity to prepare for the quickly approaching peak season. Accurately evaluate and communicate your freight needs with your transportation partners far in advance. Build-in Lead Time.

Vendor Strategies 52

Vendor Strategies Optimal Sourcing Sourcing Strategies Cost Reduction Strategies 52

Intelligent Audit

MARCH 23, 2021

Many factors play into shipping costs within the supply chain network. Executive team managers across the board have to focus on optimizing spending and reducing costs and expenses. Optimizing shipping costs and examining the budget and current spending will help improve operations across the supply chain network. .

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Cost Reduction Strategies 52

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Logistics Logistics involves managing the transportation and delivery of goods.

Optimal Sourcing 78

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 78

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Whilst people spend years learning the art of counting money, and businesses grapple on how to account for their revenues and expenses, counting carbon is a relatively new concept. The current practice on how to measure greenhouse gases, is to organize things into three buckets. Identifying sources of Carbon emissions. Challenges.

Vendor Strategies 246

Vendor Strategies Purchasing Skills Pricing Training Optimal Sourcing 246

Zipline Logistics

DECEMBER 17, 2019

Some the country’s biggest CPG brands are leaving the old strategy of transactional shipping behind in favor of strategic logistics partnerships. How do we know this? They explained how working with a 3PL on a strategic level can unlock previously untapped profit, offer more visibility, and streamline overall operations.

Price Reduction 52

Price Reduction Cost Reduction Strategies Vendor Strategies Supply Chain Strategy 52

Unleashed

JANUARY 14, 2024

This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. We’ll look at modern manufacturing inventory methods, useful strategies, and manufacturing inventory management best practices.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

GlobalTranz

OCTOBER 2, 2018

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. Shippers are faced with a decision between estimating LTL freight rates , as well as the delivery schedules, and risking undercutting costs of shipping.

Logistics Network Optimization Software 198

Logistics Network Optimization Software Material Savings Vendor Strategies Cost Reduction Strategies 198

TransAudit

MAY 31, 2022

Freight audit services are critical and paramount for any business that ships products. If you’re not too keen on partnering with an experienced vendor, you can always keep your freight auditing services in-house. . Let’s take a closer look at a few tips for how to start in-house freight auditing.

Freight 52

Freight Vendor Strategies Analytics Software Resource Reduction 52

GlobalTranz

AUGUST 8, 2018

In recent months, sustainability and ethical business practices have become cornerstones of the ongoing conversation about how to govern people and manage a business effectively. Since shippers can immediately identify product location and cost to ship to a consumer, the overall time to delivery decreases. Decreased shipping costs.

Vendor Strategies 120

Vendor Strategies Cost Reduction Strategies Supply Chain Software Supply Chain Strategy 120

GlobalTranz

DECEMBER 21, 2018

This allows retailers and the supply chain to eliminate the barriers to new technology implementation , offer better customer service, and prepare for the next innovation. Better risk management strategies. Improved inventory management, reducing instances of overstocking and under stocking. How to Embrace Omnichannel 2.0

Omnichannel 184

Omnichannel Vendor Strategies Resource Reduction Inventory Reduction 184

OptiProERP

APRIL 9, 2024

Shipping and Logistics Once products pass quality checks, they are prepared for shipping. Efficient logistics management is crucial to coordinate transportation, track shipments, and manage delivery schedules. After an extensive evaluation, they chose OptiProERP over ten other ERP vendors.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

GlobalTranz

OCTOBER 16, 2015

As a third-party logistics company focused on over the road transportation management, and having an LTL rating engine and web-based TMS for nearly 20 years (web-based even before Google!), We've schedule pick ups with the vendors of our shipper customers. 10 LTL Procurement Cost Cutting Tips. Carefully select RFP questions.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

The Logistics of Logistics

APRIL 6, 2013

“Transportation expense can cost 5%-10% of gross revenue and will be going up if not managed effectively.” Transportation cost drains drive up costs. Many companies are experiencing dramatic increases in transportation expense that have turned into cash and quality drains for their organization. per gallon.

Negotiating Skills 134

Negotiating Skills Purchasing Skills Cost Reduction Strategies Negotiate Pricing 134

Logistics Bureau

MAY 22, 2016

The ability to reduce inventory levels is only one of a number of reasons to target cycle times as a way to reduce your working capital needs. The key cycles to target for working capital reduction include: The customer order cycle time. Areas in Which to Target Cycle Time Reductions. Supplier lead times.

Vendor Strategies 40

Vendor Strategies Material Savings Inventory Reduction Expense Reduction 40

Zipline Logistics

JANUARY 24, 2020

Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. If you have wondered how to improve OTIF and overall supply chain performance, you are not alone. We have a few tips on how to make logistics improvements to increase OTIF performance.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

Supply Chain Game Changer

APRIL 29, 2020

While many may consider this as the holy grail for shipping and consider it unachievable, with careful planning and using the right shipment methods, lowering your freight costs and making sure they are competitive, can become a reality. Such customized packing also protects cargo from movement during transit and eliminates damages.

Negotiating Skills 69

Negotiating Skills Cost Reduction Strategies Optimal Sourcing Freight 69

ShipBob

JANUARY 6, 2023

That’s where transportation management systems, or TMS, comes in. TMS provides businesses with a clear view of how the supply chain is functioning and enabling them to manage it effectively. In this post, we’ll take a closer look at what a transportation management system is, why it’s important, and how you can choose a provider.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 52

Unleashed

NOVEMBER 19, 2023

Businesses that develop a cost-effective supply chain strategy can benefit from greater operational efficiency while staying competitive in their sector. To enjoy this benefit, implement effective supply chain management strategies to smooth out bottlenecks on the shop or factory floor. Too little and customers switch to competitors.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Material Savings Inventory Reduction 52

GlobalTranz

APRIL 18, 2017

Modern, cloud-based analytics systems within transportation management systems ( TMSs ) have redefined how you strive for continuous improvement. Your business strategy will evolve. Your opportunities will grow, but how do a dedicated TMS and analytics make this possible? Automation in Analytics Reduce Human Error.

Continuous Improvement 138

Continuous Improvement Analytics Software Analytics Vendor Strategies 138

Supply Chain Shaman

FEBRUARY 18, 2021

I am currently working on a couple of case studies for this blog on how business leaders used digital twin modeling during the pandemic. While each is different in vendor selected and problem solved, what is common is the depth of modeling and the ability for business leaders to change the model with shifts in business conditions.

Supply Chain Planning Software 297

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 297

RFgen

MARCH 22, 2023

In this article, we will explore the top 10 supply chain management challenges for 2023 and beyond, providing insights and strategies for overcoming these obstacles. Unstable global markets, trade wars, and fluctuating exchange rates can impact the cost of raw materials, transportation, and production.

Waste Reduction 52

Waste Reduction Material Savings Inventory Reduction Supply Chain Planning Software 52

Logistics Bureau

NOVEMBER 9, 2020

Key Cycles to Target for Working Capital Reduction. By shrinking one or more of these cycles, you can impact the cash conversion cycle positively and reduce the need for working capital. How to Reduce Cycle Times. You can reduce handling by: Automating your warehouse processes. These are: Customer orders.

Material Savings 89

Material Savings Vendor Strategies Inventory Reduction Cost Reduction Strategies 89

GlobalTranz

JANUARY 8, 2019

E-Commerce Demand Will Drive Trends in LTL for 2019 E-commerce growth is a double-edged sword in modern freight transportation. Along with the demand for a record-breaking peak LTL shipping season, e-commerce will require more trucks, more shipping lanes, more time on the road and more resources. Let’s get started.

Supply Chain Planning Software 160

Supply Chain Planning Software Demand Planning Software Trends Modeling Software 160

Zipline Logistics

DECEMBER 27, 2022

Cut to new pickup, fuel, and late fees. Vendors are also being charged a fuel surcharge based on daily fuel price changes that are matched against the location and shipment, and a “collect pickup charge” calculated as a percentage of the cost of goods received. How to Preserve and Improve Relationships With Retail Partners.

Vendor Strategies 52

Vendor Strategies Price Reduction Cost Reduction Strategies Expense Reduction 52

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

That is because it is expected that industries will be constantly improving on how to make more products using less energy. Crucially, the system will calculate the carbon emissions spewed out with every transportation move. In one case the fuel and emissions per kilogram shipped was actually halved for a customer!

Optimal Sourcing 246

Optimal Sourcing Optimization Software Real-time Visibility Logistics Network Optimization Software 246

Intelligent Audit

DECEMBER 9, 2021

This time of the year often brings the hassle of general rate increases (GRI) For shippers, this is an average increase of the base shipping rates provided by carriers. This season has the expectancy to have a hectic shipping season as we near the holiday times. How to Prepare for Additional Parcel GRI.

Material Savings 52

Material Savings Prescriptive Analytics Software Transportation Cost Reduction Strategies 52

GlobalTranz

OCTOBER 12, 2017

Even if a trailer is loaded and shipped on time, poor safety checklists and failure to properly secure cargo can result in extreme compliance and safety violations, which may cause injury during unloading or transfer of goods to another vehicle. Paired with shipment tracking , this helps reduce deadhead as well.

Supply Chain Design Software 162

Supply Chain Design Software Vendor Strategies Supply Chain Planning Software Supply Chain Software 162

GlobalTranz

NOVEMBER 12, 2015

We continue our series on strategic shipping by going into detail of the 10 main areas that shippers can turn to in order to have a strategic logistics and transportation management mindset. 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement. Order Processing Capabilities.

Continuous Improvement 120

Continuous Improvement Data Logistics Network Optimization Software Vendor Strategies 120