Freightos

JULY 31, 2024

AI Popup #3) AI Popup #3 Charles Marrale July 31, 2024 Dive deeper into freight data that matters Learn More For anyone who has played around with ChatGPT or Midjourney, it’s now clear that AI has the potential to be an incredible tool for enhancing efficiency and productivity. Again, this takes careful and meticulous training.

Logistics Network Optimization Software 166

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Modeling Software 166

Talking Logistics

OCTOBER 29, 2013

What is this going to cost? You could answer them with a purchase order (P.O.) Besides providing fast, thorough answers to customers, today’s ERP, cloud-based SaaS, or 3PL-operated systems enable companies to manage the order lifecycle, control information and cargo flows, and reduce the total cost of goods. Where is my order?

Pricing Training 164

Pricing Training Purchasing Skills Purchasing Training Supply Chain Planning Software 164

GlobalTranz

DECEMBER 18, 2014

All metal fabricators realize that they have to do some analyses before the company purchases equipmen t or hires new people, but now there seems to be a new intensity about the process. By adopting a logistics efficiency management approach, logistics related costs as a percentage of sales drops to 4% to 7% depending on industry sector.

Manufacturing Procurement 236

Manufacturing Procurement Manufacturing Purchasing Skills Sourcing Strategies 236

Supply Chain Shaman

NOVEMBER 29, 2021

With availability assumed, the traditional focus of supply chain practices was on negotiating the lowest price. Shippers pushed cost and waste backward in the supply chain. The news reports symptoms, not root causes. Changing Analytic Capabilities. Logistics is available. Ocean Port Snarl. Vaccine Effectiveness.

Supply Chain Planning Software 195

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 195

Supply Chain Game Changer

SEPTEMBER 28, 2022

Being a CEO is tough enough, let alone how difficult it is if you don’t have all of the skills and knowledge needed. Historically Supply Chain was considered to include Procurement, Warehousing, Freight and Logistics. These were viewed as back office, non-strategic functions that were necessary but not critical.

Negotiating Skills 118

Negotiating Skills Negotiate Pricing Supply Chain Planning Software Supply Chain Strategy 118

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Benchmarking 78

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 78

Talking Logistics

JUNE 27, 2014

As Negotiating Deadline Looms For West Coast Ports, Economic Trouble on Horizon ( NRF ). April 2014 North American Freight Numbers. Several reports have been published in recent years underscoring the growing importance of supply chain risk management. It lasted 10 days and cost the U.S. economy billions of dollars.

Logistics Network Optimization Software 188

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Negotiating Skills 188

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. The more KPIs, the more difficult the negotiation process.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

GlobalTranz

AUGUST 7, 2018

The list of Incoterms is created and managed by the International Chamber of Commerce , and managing supply chain SLAs relies heavily on this decades-old list to ensure consistency and clear communications in contractual details for moving freight. The complexity is extreme. Such information may be defined within individual SLAs.

Manufacturing Procurement 164

Manufacturing Procurement Purchasing Skills Supply Chain Software Negotiating Skills 164

AIMMS

OCTOBER 17, 2023

According to a Proxima report “Investing in a Sustainable Supply Chain,” there has been a significant change in the priorities of investors. Reduce Product Returns: Focus on quality control and accurate demand forecasting to minimize returns which add to carbon emissions and costs.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Modeling Waste Reduction 156

GlobalTranz

APRIL 17, 2018

These giants have deep pockets, capable of offering low-cost, if not free, parcel shipping. Unfortunately, the volume of small packages shipped , as well as the variety of carriers used, can make keeping costs in check sound like a dream, inaccessible. Negotiate Shipping Rates Like a Pro. Purchase Insurance.

Material Savings 151

Material Savings Shipping Cost Reduction Strategies Negotiating Skills 151

3rdwave

NOVEMBER 29, 2018

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. In a constantly shifting and competitive global trading environment, it is increasingly important to control all costs across the entire supply chain.

Optimal Sourcing 88

Optimal Sourcing Global Transportation Negotiating Skills Supply Chain Optimization 88

Supply Chain Game Changer

NOVEMBER 19, 2018

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. While every function must help your company grow and prosper when the heat is on uninformed Executives can view Supply Chain as merely a Cost Centre. Pressures for Cost Reduction in Supply Chain.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

GlobalTranz

AUGUST 9, 2016

The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. All transportation is not waste and transportation can be used as a strategic differentiator. Focus on how transportation could be your strategic differentiator in the industry.

Waste Reduction 120

Waste Reduction Agile and Lean Supply Chain Lean Cost Reduction Strategies 120

GlobalTranz

APRIL 5, 2016

Although 3PL Logistics Companies or 3PLs were around before the recession, companies realized the short-term savings of outsourcing logistics, transportation, and freight management to 3PLs quickly, and the age of the rise of the logistics provider was born. The needs of yesteryear-clients were quite simple: get costs under control quickly.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Negotiating Skills 3PL Purchasing Skills 120

GlobalTranz

APRIL 7, 2017

Most transportation costs in a company arise from inbound logistics cost. If other words, the costs associated with transportation of items from vendors make up the biggest portion of will transportation costs, reports Amy Roach Partridge of Inbound Logistics. Real-Time Data Promotes Use of Lowest-Cost Carriers. .

Vendor Strategies 139

Vendor Strategies Cost Reduction Strategies Inventory Reduction Resource Reduction 139

Supply Chain Game Changer

FEBRUARY 26, 2020

A report showing the impact of the zone after six months found that between March (just before the zone was introduced) and September 2019 there was a significant reduction in older and more polluting vehicles which did not comply with the regulations. Figures showed on an average day 13,500 fewer vehicles, a drop of 38%. Conclusion.

Negotiating Skills 71

Negotiating Skills Purchasing Skills Cost Reduction Strategies Supply Chain Planning Software 71

The Logistics of Logistics

APRIL 6, 2013

These agreements can take three (3) to six (6) months to negotiate, depending on their complexity. It states that certain KPIs in this QBR are to be negotiated/reviewed monthly. Sometimes, the Logistics provider has their own SLA/KPI that they want to use with any customer, but negotiation is still in order.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Negotiating Skills KPI Purchasing Skills 100

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Getting Started in Supply Chain.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 98

GlobalTranz

MAY 6, 2015

There should be metrics involved to monitor these objectives to ensure success across the supply chain. These metrics should be reviewed frequently to ensure supply chain success. Any and all members of the lean supply chain should use these tools to solve problems and reduce costs to increase value to the customer.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Lean 120

GlobalTranz

MAY 22, 2018

Parcel spend management is growing in importance, and shipper workforces are becoming more diverse, reports Marilyn Gettinger of Parcel MEDIA , which may strain existing work relationships and require use of people analytics to boost morale. The Guide to Reduce Parcel Shipping Costs thru Effective Transportation Management Practices.

Cost Reduction Strategies 122

Cost Reduction Strategies Expense Reduction Negotiating Skills Purchasing Skills 122

Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 68

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 68

Unleashed

MARCH 23, 2021

Chances are, especially in this strange new economy, life is going to get fairly complicated as you need to adjust the supply of materials to meet changing demand , as well as account for all the other little details that come along with purchasing and utilising materials. Sourcing and purchasing. What is materials management?

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

Unleashed

DECEMBER 6, 2021

With inventory management and other software features built for the wholesale environment, you’ll be able to work towards success in a number of ways: improved profit margins by holding a lean inventory, optimising inefficiencies to cut labour costs, better strategic decision making through data… the list goes on.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 98

QAD

AUGUST 16, 2022

Continued fallout, including transport congestion, limited air freight and rail freight transportation in the Asia-Europe lanes, because of the Russia/Ukraine conflict. Supplier visibility provides analytics and insights to inform your strategy. Global supply chains are suffering from what a recent research article from J.P.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Software Manufacturing Procurement Supply Chain Design Software 98

Material Handling & Logistics

AUGUST 5, 2018

Both inbound and outbound freight require carefully choreographed steps for a successful dance. According to analyst firm Aberdeen Group, a business can spend more than 40% of its annual freight budget oTen Steps to Managing Inbound Freight: A Coordinated Dance between Shippers and Suppliersn inbound operations.

Negotiating Skills 79

Negotiating Skills Freight Vendor Strategies Purchasing Skills 79

The Logistics of Logistics

MARCH 4, 2013

In studying truck fuel consumption and fuel costs in detail, I found the following facts to be true: Truck drivers face challenges, and those that best manage truck fuel consumption enjoy a competitive advantage over the rest. Maintenance is also easier and cheaper, and labor costs for tire replacement is cut in half.

Cost Reduction Strategies 100

Cost Reduction Strategies Price Reduction Negotiating Skills Pricing Training 100

ShipBob

NOVEMBER 15, 2021

By taking the time to plan your supply chain , think through the details of logistical processes, evaluate resources, and budget your costs, you make more of the “unknown” quantities in your logistics known — and with fewer unknowns, you can both optimize your business operations and strengthen them against future crises.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Supply Chain Design Software 98

Talking Logistics

DECEMBER 8, 2017

freight trains in federal crosshairs after crashes: GAO (Reuters). As reported by the Wall Street Journal : United Parcel Service Inc. The company said on Wednesday “that soaring online purchases have caused delays in its distribution network,” according to Reuters. Growing length of U.S. Just ask UPS and Walmart.

Logistics Network Optimization Software 0

Logistics Network Optimization Software Purchasing Training Supply Chain Software SAP 0

ThroughPut

MAY 5, 2020

What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. Supply chain costs analysis.

Cost Reduction Strategies 64

Cost Reduction Strategies Manufacturing Procurement Inventory Reduction Negotiating Skills 64

3rdwave

AUGUST 7, 2019

These challenges are: Information Accessibility – visibility, reporting & analysis, communication. Transportation Cost Management. The same is true for carrier performance, invoice details, and basic reports. The same is true for the information required to execute reports or analysis around transportation.

Global Transportation 75

Global Transportation Transportation Management Purchasing Skills Negotiating Skills 75

GlobalTranz

AUGUST 18, 2016

Value-Added Services and TMS Capabilities Are Critical Points in Contract Negotiation. As a result, carriers and suppliers are focusing on how value-added services, such as auditing, small package processing and delivery, and freight optimization, can reduce overall costs and shipping duration. The workforce is aging.

Supply Chain Planning Software 120

Supply Chain Planning Software Inventory Management Software Optimization Software Analytics Software 120

3rdwave

AUGUST 8, 2019

Managing global freight is ladened with challenges. Execution control provides the infrastructure that enables the transportation operator to manage, influence, and control all aspects of the global transportation activity from Purchase-to-Receipt or Sale-to-Delivery. Freight Invoice Auditing. Warehouse Receiving/Shipping POD.

Cost Reduction Strategies 74

Cost Reduction Strategies Inventory Reduction Negotiating Skills Global 74

Talking Logistics

SEPTEMBER 13, 2016

If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on. Freight Cost Management eliminates post-audits and disputes.

Real-time Visibility 100

Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software Inventory Reduction 100

Zipline Logistics

JANUARY 6, 2020

It was a good year for shippers as freight rates plummeted for the majority of 2019, substantially backing off the historic highs the industry witnessed in 2018. An overall economic sluggishness hit freight particularly hard in 2019 leading to what many have labeled as a “ freight recession.”.

Freight 14

Freight Negotiating Skills Negotiate Pricing Purchasing Skills 14

Supply Chain Game Changer

MAY 2, 2019

Growing e-commerce fulfillment demands and costs have collided to bring about an uptick in average 3PL fulfillment prices within the outsourced fulfillment industry, as was evidenced by FulfillmentCompanies.net’s annual poll of 500+ warehouses across the US. 3PL Fulfillment Prices & The Cost to do Business are Rising.

Negotiating Skills 51

Negotiating Skills Purchasing Skills 3PL Warehousing 51

3rdwave

JULY 20, 2020

Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supply chains. independent performance metrics and analytics for management decision support.

3PL 54

3PL Freight Procurement Analytics Negotiating Skills 54