The Logistics of Logistics

JULY 12, 2023

He is skilled in building and leading high-performing teams that thrive on inclusion, collaboration, and engagement. Corey is also proficient in product development and management, successful contract negotiations, continuous improvements, emerging technologies, and cultivating key relationships and partnerships.

Negotiating Skills 215

Negotiating Skills Purchasing Skills Network Optimization Software Logistics Network Optimization Software 215

RFgen

APRIL 12, 2024

Managing inventory costs is a constant struggle. Between rising costs for materials and endemic labor shortfalls in the warehouse, many supply chain professionals may feel trapped in an endless cycle of shrinking profit margins. Managing inventory costs is important because high inventory costs can erode the bottom line.

Inventory Reduction 76

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 76

Supply Chain Brain

NOVEMBER 30, 2021

The pandemic’s impact on the global supply chain means holiday shoppers are getting higher than average “out-of-stock” notifications for items they want to purchase, while also experiencing price hikes and shipping delays. What to do?

Cost Reduction Strategies 105

Cost Reduction Strategies Purchasing Skills Price Reduction Shipping 105

Logistics Viewpoints

OCTOBER 18, 2023

Or have these concerns been replaced with cost-price inflation and compressed profit margins? Source: J.P. But cross-border trade is an important part of the global economy and much of this trade is in physical goods that must be stored, shipped, transported, and eventually consumed. But what about now?

Manufacturing Procurement 265

Manufacturing Procurement GEP Purchasing Skills Logistics 265

Freightos

JANUARY 12, 2017

International Air Freight Shipping: Definition. While 90% of everything is shipped by ocean, air connects the world faster, cutting China-US freight shipping time from 20-30 days by ocean to only 3 days by air cargo. Why Ship Cargo by Air? Why Not to Ship Cargo by Air? Definitely not the greenest way to ship.

Purchasing Skills 120

Purchasing Skills Pricing Training Price Reduction Freight 120

Logistics Viewpoints

JUNE 8, 2023

Technology for All In a retail era dominated by e-commerce giants, customer expectations have shifted towards instant product delivery at no cost. Previously, only large companies such as Amazon and FedEx possessed the network and scale required for cost-effective same-day and next-day shipping.

Modeling Software 203

Modeling Software Optimization Software Supply Chain Network Software Logistics Network Optimization Software 203

Logistics Viewpoints

OCTOBER 20, 2021

In our conversation, Ken spoke about some of the findings from a recent survey Logistyx conducted on cross-border holiday spending, as well as some larger trends around the state of parcel shipping. Fourth, what are some industry-specific trends for parcel shipping? The State of Parcel Shipping. How easy is the returns process?

Supply Chain Network Software 191

Supply Chain Network Software Logistics Network Optimization Software Demand Planning Software Supply Chain Software 191

Supply Chain Game Changer

SEPTEMBER 13, 2022

Have you found that the consistent supply and reasonable prices in the Electrical Supply Chain that you were used to before COVID-19 hit have not returned as soon as you hoped, or as soon as some experts predicted? Adding to the misery, rising fuel costs drove prices up. Copper prices have risen 8.97% from one year ago.

Negotiate Pricing 85

Negotiate Pricing Purchasing Skills Negotiating Skills Price Reduction 85

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Logistics Viewpoints

FEBRUARY 7, 2024

For example, most people expect free next-day delivery for online purchases as a result of Amazon Prime. And more consumers are looking at sustainability as a key motivator for purchasing. Too often, warehouses use boxes to ship items that require a lot of additional packaging.

Waste Reduction 263

Waste Reduction Supply Chain Design Software Optimal Sourcing Supply Chain Optimization 263

SYSPRO Smarter ERP

OCTOBER 9, 2023

Cost efficiency, quality management and traceability are major issues for companies in this region. Managing costs With the demand for fabricated metal products growing so much, production runs are increasing as are the costs. The significant cost items are labor, materials and machinery.

Manufacturing Procurement 111

Manufacturing Procurement Cost Reduction Strategies Purchasing Skills Quality 111

EMERGE App

FEBRUARY 18, 2020

How do I calculate wholesale prices?’ Sellers get confused about whether to set the price according to the competitor’s price. Sellers get confused about whether to set the price according to the competitor’s price. Should it be higher than the competitor’s price or lower?

Purchasing Skills 98

Purchasing Skills Price Reduction Expense Reduction Cost Reduction Strategies 98

Logistics Viewpoints

DECEMBER 6, 2022

The continued growth in e-commerce retail sales has been largely driven by factors such as convenience, product selection and lower prices. However, the inability for consumers to initially see, feel or experience products they purchase online can create gaps between product expectations and what arrives at the doorstep. In the U.S,

Reverse Logistics 221

Reverse Logistics Purchasing Skills Price Reduction Logistics Network Optimization Software 221

Ware2Go

FEBRUARY 2, 2022

Learn how fast shipping promises drive top of funnel purchase decisions and how merchants of all sizes can make fulfillment a competitive advantage. When Amazon Prime launched in 2005, 2-day shipping was a novelty and what Jeff Bezos himself said felt like “an indulgent luxury”. Fast Shipping in 2022. A Look Back.

Shipping 98

Shipping Purchasing Skills Negotiating Skills Warehousing 98

Logistics Viewpoints

DECEMBER 12, 2022

They source plastic pellets and then use injection, blow molding, rotational molding, and thermoforming to produce their finished products. At Dow, Mr. Baker had Purchasing experience in raw materials, and logistics for their plastics supply chain. They generated revenues of over $750 million in their last fiscal year.

Supply Chain Planning Software 201

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 201

Ware2Go

OCTOBER 21, 2021

Customer expectations for shipping are higher than ever. Why Shipping Costs Matter. In today’s anything, anytime connected world, shipping costs and delivery speed have become make-or-break factors for small-and-medium sized businesses (SMBs) across the business-to-business (B2B) and business-to-consumer (B2C) spectrum.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Inventory Reduction Resource Reduction 52

EMERGE App

MARCH 29, 2020

One of the main subparts of the of the retailing business is the transportation of the purchased goods from your supplier to your stores. This is the where the concept of the landed cost comes into play. What Exactly is Landed cost? Why Should I Care About Landed Costs? Importance of Landed Cost. Quick Links.

Purchasing Skills 98

Purchasing Skills Cost Reduction Strategies Price Reduction Expense Reduction 98

ShipBob

APRIL 18, 2024

This concept plays a crucial role in global shipping and customs, significantly impacting ecommerce businesses and consumers who purchase products internationally. For businesses involved in cross-border ecommerce, understanding the de minimis threshold is vital for calculating the total cost of shipping goods internationally.

Price Reduction 98

Price Reduction Cost Reduction Strategies Inventory Reduction Purchasing Skills 98

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

Unleashed

APRIL 21, 2024

Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer. Inventory sourcing: The locations of ordered items are identified in the warehouse or distribution centre – or reordered from the supplier if no stock is available. Shipping: The order is handed over to a delivery service.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

ModusLink Corporation

SEPTEMBER 28, 2021

It is no secret that transport costs have been rising across all different modalities. Carriers must enforce measures such as peak surcharges, and records are being broken in terms of transport costs throughput. Inflation amongst transport costs is not expected to become less prevalent anytime soon (Bloomberg, 2021).

Cost Reduction Strategies 78

Cost Reduction Strategies Purchasing Skills Price Reduction Resource Reduction 78

Proxima

JUNE 5, 2023

As the supply chain crisis ends, it’s time to pivot to cost. It was a frenetic period from March 2020 when the Covid-19 pandemic hit, followed by a series of events from the Suez Canal blockage to Russia’s war on Ukraine, that scrambled supply chains and ratcheted up costs. So why are prices are still going up?

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Purchasing Skills Procurement Solutions 52

Unleashed

DECEMBER 15, 2019

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. International Sourcing.

Manufacturing Procurement 83

Manufacturing Procurement Sourcing Strategies Purchasing Skills Optimal Sourcing 83

Locus

JUNE 3, 2022

Source: Statista.com. Transportation was redirected to be used in providing first aid, leading to supply chain bottlenecks, shortages and price hikes. The latter was so severe that cargo ships had to run at half their usual capacity. Planning : Processes are designed to reduce emissions and meet demand with ethical sourcing.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Unleashed

SEPTEMBER 15, 2019

Purchase requisitions and purchase orders (often referred to as POs) are both part of a business’s overall procurement and purchasing processes, which establish buying policies and outline purchasing steps. The difference between purchase requisitions and purchase orders. Purchase Requisitions.

Purchasing Skills 40

Purchasing Skills Procurement Solutions Negotiate Pricing Negotiating Skills 40

QAD

JANUARY 19, 2023

Used to cut costs and maximize efficiency, supply chain trends cater to every business. E-commerce brands must oversee design, manufacturing, sourcing, warehouse inventory, shipping and delivery. Sourcing – Collaboration starts by selecting suppliers to produce items or services.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 95

EMERGE App

JULY 11, 2018

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! Customers demanded cheaper prices, more choices and faster fulfilment. And it’s not just an immense and low-cost labour force that has given Chinese manufacturers a competitive advantage.

Purchasing Skills 64

Purchasing Skills Manufacturing Procurement Negotiate Pricing Negotiating Skills 64

Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. 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.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Price Reduction Inventory Reduction 98

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. Inventory, POS, shipping, web shops, and accounting software must be able to keep up to avoid lost revenue.

Purchasing Skills 52

Purchasing Skills Procurement Solutions Warehousing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. Inventory, POS, shipping, web shops, and accounting software must be able to keep up to avoid lost revenue.

Purchasing Skills 52

Purchasing Skills Procurement Solutions Warehousing Supply Chain Planning Software 52

ShipBob

MAY 22, 2023

Shipping labels may seem like a tiny piece of the ecommerce puzzle, but they are critical to both inbound and outbound logistics and are vital to your online store’s success and customer satisfaction. What is a shipping label? Why are shipping labels important? What do you want to learn?

Shipping 98

Shipping Logistics Network Optimization Software Analytics Software How To 98

Unleashed

SEPTEMBER 16, 2019

Purchase orders are the documents sent from the buyer to the supplier requesting goods or services that when accepted by the vendor forms a legal contract between the two parties. Typically, purchase orders will provide detail of the items the buyer agrees to purchase and the agreed price per unit. Budget review.

Procurement Solutions 45

Procurement Solutions Purchasing Skills Vendor Strategies Expense Reduction 45

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case inventory strategies. . In a November survey , 87% of merchants shared that they already were affected by increased freight costs. Advantages.

Just-in-Time 98

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 98

Unleashed

AUGUST 31, 2020

To calculate total manufacturing cost you add together three different cost categories: the costs of direct materials, direct labour and manufacturing overheads. Expressed as a formula, that’s: Total manufacturing cost = Direct materials + Direct labour + Manufacturing overheads. What are total manufacturing costs?

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills Cost Reduction Strategies Manufacturing 98

American Global Logistics

MARCH 5, 2024

Persistent Red Sea Risks Continue to Disrupt Critical Trade Route The ongoing conflict in Yemen has created several shipping risks in the Red Sea. In particular, there is a risk of Houthi rebels laying mines in the shipping lanes. That's a hard-to-prevent risk that could damage or sink ships.

Supply Chain Planning Software 52

Supply Chain Planning Software Purchasing Skills Negotiating Skills Supply Chain Strategy 52

Veridian Solutions

JANUARY 15, 2020

It is time your organization has decided to purchase order management software and reap its benefits. Supply chain leaders need to understand the following points to ensure they purchase the right software on the first try. Justify the Need to Purchase Order Management Software. Are routes efficiently designed?

Procurement Solutions 49

Procurement Solutions Purchasing Skills Supply Chain Design Software Supply Chain Planning Software 49

Synovos

JANUARY 24, 2024

MSDUK is doing great work to empower ethnic minority-owned businesses to overcome barriers they face and to give them the networks, training, and skills they need to be successful,” said Costi Campi, Senior Vice President, Global Procurement for RS Integrated Supply. “At RS Integrated Supply we are committed to supporting diverse suppliers.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Solutions Purchasing Skills Optimal Sourcing 105