Logistics Viewpoints

APRIL 6, 2023

When products don’t arrive at the right place, the right time and the right quality, both in-bound supply chain planners and procurement buyers face unplanned plant shutdowns or upset customers. The common goal for all categories of product is that they must be available at the right time, right quantity and right prices.

Optimal Sourcing 205

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 205

Precoro

AUGUST 31, 2023

However, achieving significant cost savings is not always easy — it requires a comprehensive approach that involves more than just cutting expenses. In this blog post, we'll go over everything you can do to reduce company expenses.  Keep Companies can cut costs in various ways.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

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. Containers of fitness equipment shipped from Asia were delayed by major port and inland logistics disruptions.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Freightos

APRIL 25, 2024

More Resources Home The Impact of Fast Fashion Giants On Air Cargo Eytan Buchman April 25, 2024 Navigating New Horizons: The Impact of Fast Fashion on Air Cargo Rates & Dynamics The intersection of fast fashion, globalized retail e-commerce, and air cargo logistics is coming to a head with Temu and Shein’s entrance to the US market.

Cargo 219

Cargo Cost Reduction Strategies Price Reduction Material Savings 219

The Logistics of Logistics

OCTOBER 30, 2023

Over his 30+ year career in the supply chain, Richard has worked with manufacturers around the world in operations, supply chain, and lean strategy roles to develop systems that can manage complex supply chains on a global scale. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins. acquired by SAP).

Optimal Sourcing 240

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 240

Unleashed

SEPTEMBER 28, 2023

We’ll cover the definition then break down some effective dead stock analysis, dead stock liquidation, and dead stock accounting strategies. This has the potential to create storage and logistic problems that result in increased carrying costs. This guide explains all you need to know about dead stock. Let’s dive in.

Material Savings 52

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 52

ModusLink Corporation

APRIL 22, 2024

Introduction: In today’s interconnected world, businesses are seeking agile and cost-effective strategies to meet the demands of an ever-evolving market. Dynamic inventory optimization to minimize lead times and reduce costs. Skilled workforce trained in the latest assembly techniques and quality standards.

Electronics 78

Electronics 3PL Optimal Sourcing Waste Reduction 78

Unleashed

MARCH 22, 2023

That said, there are a few life cycle extension strategies that, when implemented, can help bring new life and demand to an old product. Free Guide: Supply Chain Management Explained: Methods in Modern Business Product life cycle extension strategies allow businesses to squeeze the most revenue out of a single product.

Price Reduction 52

Price Reduction Expense Reduction Cost Reduction Strategies Inventory Reduction 52

6 River Systems

OCTOBER 12, 2020

According to the 30th Annual State of Logistics Report by the Council of Supply Chain Management Professionals (CSCMP), companies spent $1.64 trillion on logistics and transportation services in the United States in 2018, an increase of 11.4% Overall, logistics spending in 2018 reached 8% of U.S.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Material Savings Inventory Reduction 98

Unleashed

OCTOBER 4, 2021

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. These examples show there isn’t a benchmark inventory management strategy that trumps all others. This allows Amazon to concentrate on other aspects of the transaction, like shipping, returns and processing.

Inventory Reduction 97

Inventory Reduction Vendor Strategies Inventory Management Software Waste Reduction 97

RFgen

MAY 10, 2023

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? Let’s explore some proven strategies to help you turn ballooning overhead costs into greater profit and ROI. Often, you will find room for improvement.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Vendor Strategies 52

Logistics Viewpoints

DECEMBER 2, 2021

Many major challenges of 2021—capacity constraints, ecommerce growth and driver shortage—are rolling over into 2022 and, in addition, the environment and machine learning are becoming more important for logistics and supply chain professionals. Online buying will fuel home delivery growth, challenges and new strategies.

Predictive Analytics Software 315

Predictive Analytics Software Predictive Analytics Waste Reduction Cost Reduction Strategies 315

Unleashed

OCTOBER 4, 2023

Shipping and logistics: Selecting the appropriate shipping method, arranging transport, and coordinating with couriers for delivery. Reduced operating costs: Effective order fulfilment can minimise costs associated with processes like inventory management, packing, and shipping.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

RFgen

FEBRUARY 15, 2023

Strategy is a critical aspect of supply chain management. Its execution directly impacts cost, quality, and the delivery of goods and services. By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

SCMDOJO

APRIL 29, 2024

By streamlining processes, reducing costs, and improving customer satisfaction, companies can achieve higher profitability and sustainability. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices.

Supply Chain Planning Software 85

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 85

Precoro

MARCH 30, 2022

A procurement team, if perceived as a partner rather than an executor by internal stakeholders when defining and executing the company's business strategy, proves to deliver. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte. What is a procurement strategy ?

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

The Logistics & Supply Chain Management Society

JULY 16, 2023

In such adverse situations, humanitarian logistics and food supply chains play a crucial role in aiding. Whether it is responding to natural disasters or addressing the impact of conflicts and pandemics, a well-functioning logistics system can significantly impact people’s lives. million, which is over two times the figure in 2020.

Supply Chain Planning Software 130

Supply Chain Planning Software Food Supply Chain Software Agile and Lean Supply Chain 130

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. A Focus on Inventory Control Begets Warehouse Cost Reductions. Try a sample cycle count.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 250

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 250

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Purchase price variance can be tracked for each separate purchase or for the total procurement spend over specific time periods – for instance, monthly, quarterly, or yearly.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

ShipBob

MARCH 23, 2022

Good distribution management improves supply chain efficiency by streamlining the entire retail logistics operations. As a result, you need an optimized retail distribution strategy for better efficiency and cost savings. There are several types of retail distribution strategies. What is retail distribution?

Inventory Reduction 52

Inventory Reduction Price Reduction Vendor Strategies Cost Reduction Strategies 52

The Logistics of Logistics

AUGUST 24, 2022

Sreenivas Vemulapalli and Joe Lynch discuss how to streamline your logistics operations. Emtec Digital is a global technology services company providing digital software engineering and transformation services to some of the leading transportation and logistics companies across the world. About Sreenivas (Sreeni) Vemulapalli.

Logistics Network Optimization Software 185

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Software Analytics Software 185

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

Management of Ocean Transit Time Reliability and Visibility by LSCMS Shippers’ Council How would Logistics managers explain to their COO and Production group that inbound material will arrive on 23Dec but with 50% probability? but when demand slowed, the pressure to reduce inventory becomes a lot higher.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

ThroughPut

FEBRUARY 1, 2023

companies with global operations, one of the most effective global value chain strategies and supply chain strategies is to mitigate risk by shipping smarter. Everything from custom duties to cargo inspections can create bottleneck operations within the global supply chain strategies. In the current political climate, U.S.

Material Savings 52

Material Savings Price Reduction Expense Reduction Sourcing Strategies 52

Zipline Logistics

JANUARY 17, 2023

It’s no secret that many consumers now consider the sustainability of a product before purchasing, much like they consider price or quality. Advanced technological suites and logistics planning methodology, combined with other initiatives, can help brands find optimal routing for their deliveries. million cars from U.S.

Resource Reduction 78

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 78

Intelligent Audit

DECEMBER 13, 2022

With old solutions quickly becoming obsolete, big-time transportation industry players like FedEx, USPS, and Amazon are eyeing new strategies to stay competitive in a difficult time for global logistics. Performance scores varied across USPS services covering Oct. 1 through Nov. Up 1% Marketing Mail 94.1% Periodicals 86.3%

Price Reduction 52

Price Reduction Waste Reduction Cost Reduction Strategies Inventory Reduction 52

The Logistics & Supply Chain Management Society

MAY 15, 2023

Leveraging Your Bargaining Power in Logistics Service Provider Negotiations by LSCMS Shippers’ Council The logistics industry is a complex and constantly evolving ecosystem that plays a vital role in the global economy. As the dust settles after the pandemic, many shippers find themselves under pressure to reduce costs yet again.

Negotiating Skills 130

Negotiating Skills Buyer Training Logistics Network Optimization Software Logistics 130

ThroughPut

MAY 3, 2024

As we step into 2024, the world of logistics isn’t what it used to be. Everything is connected – what happens in one part of the supply chain can shake things up in logistics, and the other way around. That is why logistics management software (LMS) is so much more today than what it used to be. We’ve all been witness to this!

Procurement Solutions 52

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

SCMDOJO

AUGUST 16, 2023

Introduction The global business landscape has witnessed an increasingly fierce competition, pushing companies to seek effective strategies to maintain and enhance their competitiveness. Among these strategies, the role of supply chain capability stands out as a key factor in driving success.

Inventory Reduction 77

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 77

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

These technologies help to increase efficiency and ensure that customer expectations of quality and service are met. Find an additional certification body (that does the investigating for you) for quality and sourcing that are connected with your supplier’s goods. Price parity in some verticals may be coming soon.

Food 130

Food Vendor Strategies Price Reduction Waste Reduction 130

6 River Systems

NOVEMBER 25, 2020

There are several elements in an effective logistics strategy, with the ultimate goal of identifying the most cost-effective service levels and developing plans and processes that enable the company to operate as close to those optimal service levels as possible.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Waste Reduction Resource Reduction 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

In this article, we explore the pros and cons of the alliance model in the shipping industry, compare the solo strategy versus alliance strategy, and provide tips on how shippers can prepare for market swings. When the 2M Alliance is disbanded, it will lead to changes in shipping routes, service frequency, and pricing.

Risk Management 130

Risk Management Negotiating Skills Vendor Strategies Resource Reduction 130

ShipBob

APRIL 8, 2020

Pricing products is one of the trickiest aspects of running an ecommerce business — especially during a pandemic when consumer spending is down across many categories. Set your prices too low and you won’t profit. Yet, product pricing isn’t an exact science and the right price at the right time is subject to change.

Price Reduction 98

Price Reduction Purchasing Skills Material Savings Cost Reduction Strategies 98

Supply Chain Game Changer

JULY 28, 2020

It sounds beneficial on the surface but is it a realistic long term strategy? Every source of materials and components, every manufacturing facility, every warehouse and distribution channel, and every logistics mechanism is duplicated. It reduces risk and preserves a greater chance of ongoing continuity of supply.

Material Savings 100

Material Savings Expense Reduction Resource Reduction Inventory Reduction 100

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. E-auctions can also be utilized to get the greatest price on practically any market offering throughout all sectors, regardless of sector (Jose, 2020).

Vendor Strategies 140

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 140

Locus

JUNE 16, 2023

The biggest challenge that logistics providers face is rising last-mile carrier delivery costs. Retailers and logistics providers should not shift the burden of costs on the consumers as it makes them unhappy and leads to churn. What do you mean by last mile delivery costs in logistics?

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Price Reduction Inventory Reduction 98

Unleashed

MAY 9, 2024

However, it can also assist with increasing workplace productivity and overall product quality. In this guide we’ll cover the main manufacturing efficiency opportunities, why it’s important to measure efficiency, and strategies to improve operational efficiency in manufacturing. What is manufacturing efficiency?

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Resource Reduction Inventory Reduction 52