ToolsGroup

JUNE 2, 2023

This is especially prevalent in organizations that have experienced growth through mergers and acquisitions and now need to reconcile multiple ERP, WMS, shipping, and transportation systems. Excess Inventory Overstocking inventory can tie up valuable working capital, increase storage costs, and lead to product obsolescence.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

Logistics Viewpoints

DECEMBER 7, 2021

Just two days before Thanksgiving, FreightWaves reported an “all-time-high 93 ships” were waiting there. Consumer expectations for cheap and fast shipping continue to climb, and consumers increasingly want to order across borders , only compounding the problems. They face higher costs. and distribution points across a network.

Capacity 221

Capacity Price Reduction Cost Reduction Strategies Inventory Reduction 221

Supply Chain Shaman

NOVEMBER 15, 2021

Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. Much of the inventory on the ships at sea will miss the essential seasonal windows.

Supply Chain Design Software 285

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 285

GlobalTranz

MAY 24, 2016

Using less-than-truckload for medium-sized shipments is one of the great innovations in shipping. It produces results at a fraction of the cost of full truckload (FT) or small package shipping. Reduced Training Costs. Training new hires is the highest cost associated with new employees. Contract Negotiation.

Purchasing Training 137

Purchasing Training Negotiating Skills Supply Chain Design Software Forecasting Software 137

Logistics Viewpoints

JULY 27, 2021

The pandemic taught consumers that the most convenient and safest way to “get that thing” is to order it online and have it delivered, increasing not only the demand for qualified drivers but also the cost to hire. As driver pay increases, so does the incidence of drivers jumping ship, switching companies for the next best payday.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Predictive Analytics Software 246

Unleashed

MARCH 9, 2021

Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. While many businesses are interested in procuring the best quality goods and services at the cheapest price, cost is not the only procurement factor. Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

ToolsGroup

MARCH 18, 2019

It supported collaborative goal-setting, negotiation and decision-making by giving all players in the extended supply chain a transparent, shared view of data that they could trust. Despite this more demanding metric, customer-service levels increased from 85 to 93 percent in just six months with significantly fewer costly rush orders.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 228

Talking Logistics

OCTOBER 29, 2013

What is this going to cost? 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. performance metrics to influence vendor behavior and impact sourcing choices.

Pricing Training 164

Pricing Training Purchasing Skills Purchasing Training Supply Chain Planning Software 164

GlobalTranz

MARCH 18, 2015

You will want to gain insight into what differentiates one 3PL from another, what core capabilities they offer and what skills do they have in developing strategies and thought leadership. This can be especially critical for shipping LTL , which requires capabilities to optimize the shipping process for multiple clients along the same chain.

Negotiating Skills 120

Negotiating Skills 3PL Logistics Network Optimization Software Resource Reduction 120

Supply Chain Game Changer

FEBRUARY 19, 2020

Shipping Zones article originally published by, and permission to publish here provide by Jake Rheude at redstagfulfillment.com. Carriers such as FedEx, UPS, and USPS use shipping zones to determine the shipping cost of a package. ECommerce businesses need to pay attention to shipping zones. Subscribe Here!

Negotiating Skills 96

Negotiating Skills Price Reduction Shipping Cost Reduction Strategies 96

Precoro

NOVEMBER 13, 2023

Financial efficiency, cost savings, and profitability undoubtedly fall under the main priorities of upper management, regardless of a company’s industry. However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. Why Is Purchase Price Variance Important?

Purchasing Skills 84

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 84

GlobalTranz

OCTOBER 21, 2015

The more KPIs, the more difficult the negotiation process. All KPIS have metrics to measure. Cost Reduction is another major goal. As the two partners implement Continuous Improvement or Kaizen cost reduction will follow. 3PL/SLA Skills/Knowledge. All KPIS have a target percentage to meet.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

4WL Consulting

JULY 8, 2015

The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.”

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Optimal Sourcing 100

Supply Chain Shaman

NOVEMBER 15, 2021

Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. Much of the inventory on the ships at sea will miss the essential seasonal windows.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. Much of the inventory on the ships at sea will miss the essential seasonal windows.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

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

FEBRUARY 18, 2015

Financial data and visibility into the costs associated with shipping are critical to improving corporate financial performance. Total cost management is just one part of supply chain visibility, but a very important part based on the financial impact that shipping has on the organization.

Supply Chain Visibility 100

Supply Chain Visibility Negotiating Skills Optimal Sourcing Supply Chain Optimization 100

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. Purchase Price Variance – Purchase price variance helps to ensure that purchase prices are not trending upward.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

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

MIT Supply Chain

APRIL 3, 2014

When I started customers cared about price and service,” said Wiehoff. While reliable service and low prices are still important, these metrics have become prerequisites for commercial success. Now the differentiators are more strategic: benchmarking, innovation, and network modeling, for example. Skills shuffle.

Negotiating Skills 105

Negotiating Skills Logistics Network Optimization Software Price Reduction Expense Reduction 105

Unleashed

MARCH 28, 2021

This knowledge helps to eliminate supply chain delays and if issues do arise, ensures troubleshooting is a relatively painless process because valuable relationships have been established. When done properly SRM can achieve greater efficiencies, reduce wholesale costs, and optimise supply chain performance. Reduces costs.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Optimal Sourcing 111

Supply Chain Game Changer

NOVEMBER 3, 2022

Thoughts on Future Challenges and the Strategic Direction of Supply Chain! Modern bookkeeping systems are a perfect tool for monitoring the financial information of your company that might help you improve supply chain cost control. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Procurement Management.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

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. This avoids duplication of efforts and ensures a smooth flow of goods and services.

Optimal Sourcing 90

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 90

SCMDOJO

DECEMBER 11, 2023

By providing comprehensive insights into procurement activities, these reports empower decision-makers to make informed and strategic choices. Access to data on supplier performance, market trends, and cost analyses enables leaders to optimize procurement strategies for improved efficiency and effectiveness.

Procurement Analytics 19

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 19

Talking Logistics

JULY 19, 2013

As I’ve commented in previous postings, if you are a 3PL or transportation company and you’re not involved in cross-border shipping with Mexico, then you are missing out on a growing business opportunity (see Reuters article from December 2012). And with that, have a happy weekend!

Logistics Network Optimization Software 152

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 152

GlobalTranz

JULY 25, 2016

It serves to keep a balance between reasonable prices and profit margins. It keeps companies from hiking their prices on consumers, and it encourages businesses to produce better products and meet customers’ expectations. While competition is good, it is often forgotten when thinking about shipping. What Is Carrier Selection?

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Expense Reduction 120

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

Talking Logistics

DECEMBER 21, 2018

5 Things to Know Before Negotiating Ocean Shipping Contracts This Year. Secrets of Shipping Leaders: How They Get Better Truckload Service and Pricing. Uncovering Cost Savings in Material Handling and Fleet Management. Optimizing Your Freight Spend Without Negotiation.

Video 118

Video Logistics Network Optimization Software Negotiating Skills Supply Chain Planning Software 118

RFgen

MARCH 20, 2023

Sound purchasing management allows companies to buy goods in an efficient manner, limiting costs and increasing profits. A strategic approach to purchasing involves product research, supplier vetting, and monitoring of the product’s delivery, condition, and quantity. Successful negotiations begin with information.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Purchasing Skills Manufacturing Procurement 52

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. Tenure of charges – Is the pricing fixed for the entire tenure? (If

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

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

Supply Chain Collaborator

JUNE 22, 2017

If strategic supply chain transformation simply cannot occur without solid reporting in the TMS, why do so many shippers still fail to take advantage of reporting in their TMS? Tendering Metrics. The post Stopping Shipping Shenanigans – The Value of Good Reporting in Your TMS appeared first on UltraShipTMS. Benchmarking.

Negotiating Skills 78

Negotiating Skills Report Shipping Supply Chain Software 78

Supply Chain Game Changer

JULY 21, 2021

Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. Amazon is an example of a service that guarantees very quick lead times for customers with its 2 day shipping for Prime members.

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

GlobalTranz

APRIL 13, 2015

Transportation incurs massive cost to the company thereby making the company strive hard towards achieving maximum returns on investment. Often, the deployment of transportation management software systems or TMS systems is a great aid in reducing overall hard and soft transportation costs. Role of Technology in TMS Systems.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Optimization Software Analytics Software 120

TMC

SEPTEMBER 27, 2018

While shippers face the difficult market conditions of tight capacity and increased consumer demands, they are also being challenged to find transportation cost savings and improve customer satisfaction. These are questions we posed to MIT graduate students for a research project that focused on service and pricing in the truckload market.

Optimal Sourcing 62

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 62

Logistics Viewpoints

OCTOBER 7, 2022

The goal is to reduce or avoid one billion metric tons (a gigaton) of greenhouse gasses from the global value chain by 2030. Logistics and real-estate specialists say many large retailers are demanding extra room to store excess inventories, driving up costs for smaller companies and in some cases driving them out of spaces.

Logistics Network Optimization Software 210

Logistics Network Optimization Software Real Estate New York Logistics 210

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. Pull systems permit visual control of material flow in the supply chain.You can also use Ship-to-Use (STU) systems. The New Role of the 3PL.

Agile and Lean Supply Chain 120

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