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 negotiated rates with all the major carriers and maintained them. 10 LTL Procurement Cost Cutting Tips.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. Transportation was redirected to be used in providing first aid, leading to supply chain bottlenecks, shortages and price hikes. Transportation is an energy-intensive activity in logistics. Fighting climate change with green logistics.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 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. This avoids duplication of efforts and ensures a smooth flow of goods and services.

Optimal Sourcing 94

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 94

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Procurement Material Savings 100

SCMDOJO

APRIL 29, 2024

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

Supply Chain Planning Software 97

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 97

GlobalTranz

SEPTEMBER 23, 2021

Talent shortages, especially limited drivers, will exacerbate the capacity crunch and result in shortages across warehousing and transportation simultaneously.? . Pent-up demand of customers and the strong predictions for another above-average peak season has put a unique burden on truckload and parcel transportation.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

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 72

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 72

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 70

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 70

Supply Chain Matters

SEPTEMBER 25, 2024

Increased labor activism continues to impact Canada’s transport sector as grain terminal workers within the country’s major west coast port have walked off the job. It will reportedly impact upwards of 100,000 metric tons of commodities arriving daily from Canadian farms destined as exports to other countries.

Negotiating Skills 52

Negotiating Skills Canada Government Supply Chain Software 52

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. An impressive case study to be sure, but alas, the cost of the technology is still prohibitive for most companies.

Supply Chain Planning Software 246

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

SCMDOJO

MAY 30, 2024

From the warehouse manager to the transportation coordinator, each role in the logistics department contributes to the smooth flow of deliveries. The department can optimize the delivery process, minimize costs, and maximize customer satisfaction by establishing clear roles and responsibilities.

Optimal Sourcing 90

Optimal Sourcing Pricing Training Logistics Network Optimization Software Inventory Reduction 90

Logistics Viewpoints

DECEMBER 7, 2021

Workforce shortages and other challenges abound throughout all transportation sectors, and while this may revitalize investments in localized manufacturing, expanded warehousing to hold more inventory, and other efforts, these changes do not solve today’s issues. They face higher costs. They must navigate carrier parcel volume caps.

Capacity 203

Capacity Price Reduction Cost Reduction Strategies Inventory Reduction 203

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport. By crafting a well-defined strategy, businesses can mitigate transportation costs, mitigate supply chain disruptions, and uphold customer satisfaction. Local Charges – Agreement and Tenure.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

GlobalTranz

JANUARY 4, 2017

When it comes to the logistics industry, whether it's transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions. And our client engages with 3PL by open book cost plus contracts and gain share and pain share incentive. Customer metrics. Who doesn't love a good contract?

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

ModusLink Corporation

OCTOBER 16, 2023

Companies face the challenge of meeting customer demands for faster delivery, maintaining cost efficiency, and adapting to ever-changing market dynamics. They handle everything from warehousing and transportation to order fulfillment and inventory management, all while optimizing routes, transportation modes, and storage solutions.

3PL 78

3PL Supply Chain Planning Software Negotiating Skills Modeling 78

Intelligent Audit

NOVEMBER 3, 2022

On the transportation end of supply chains, shippers adapt to the transportation needs at any given time to ensure this part of the supply chain continues as well as possible. They also do what’s necessary to continue to meet high consumer demands, which means quick, on-time deliveries at the lowest costs.

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52

SCMDOJO

JULY 24, 2023

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. Contract logistics is a strategic partnership, where the 3PL provider handles the logistics operations while the company focuses on its core business.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 98

Logistics Viewpoints

MARCH 29, 2024

million vehicles cross the bridge annually, or about 30,000 per day, according to the Maryland Department of Transportation. House of Representatives vote to pass an act that would increase transparency in ocean shipping capacity and prices, sending the legislation to the U.S. The Arkansas Department of Transportation expects 1.5

Prescriptive Analytics Software 271

Prescriptive Analytics Software Logistics Network Optimization Software Supply Chain Software Logistics 271

The Logistics of Logistics

OCTOBER 8, 2012

This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months. Both public and contract accounts have to negotiate prices and contracts. All have accessorial pricing for pallets, wrapping, labeling and other miscellaneous charges to be negotiated.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

GlobalTranz

JULY 20, 2015

Thus, reverse logistics management has developed into a discipline that produces cost reductions, adds efficiencies and improves the consumer experience. BONUS: Download the Ultimate Guide to Transportation Reverse Logistics White Paper. Importance of Metrics in Reverse Logistics Management. Increased velocity.

Reverse Logistics 120

Reverse Logistics Supply Chain Planning Software Supply Chain Network Software Optimization Software 120

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

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. Leaders receive better performance and price from carriers when that number is reduced to a finite amount.

Optimal Sourcing 62

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 62

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

SCMDOJO

AUGUST 16, 2023

A well-optimized supply chain not only ensures efficient delivery and cost-effectiveness but also provides companies with a competitive advantage in the market. The company has strategically invested in automated distribution centers, streamlining the flow of products from manufacturers to stores.

Inventory Reduction 94

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 94

Arkieva

JANUARY 20, 2017

Are you using lean in your logistics and transportation management? The transportation company’s culture and behavior should change to apply Lean thinking. Transportation takes time. The list of additional waste generated by transportation goes on and on. Right Price. Lean is a new way of doing business.

Optimal Sourcing 60

Optimal Sourcing Waste Reduction Agile and Lean Supply Chain Inventory Reduction 60

SCMDOJO

MAY 30, 2024

From the warehouse manager to the transportation coordinator, each role in the logistics department contributes to the smooth flow of deliveries. The department can optimize the delivery process, minimize costs, and maximize customer satisfaction by establishing clear roles and responsibilities.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Pricing Training Inventory Reduction 52

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

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that that are each proven to reduce a company’s costs.? It also avoids the need to dip into safety stock.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Supply Chain Collaborator

NOVEMBER 16, 2017

“The Value in Orchestrating a Scheduled Transportation Plan”. These three headlines from Transport Topics and Food Shippers of America magazine tell the story of one of the most important challenges facing shippers in North America leading into 2018. The bellwether metric – spot rates – are pegging the meter. asks the author.

Just-in-Time 60

Just-in-Time Negotiating Skills Transportation Purchasing Skills 60

Talking Logistics

JANUARY 28, 2015

Building a strong transportation management foundation is a critical prerequisite for companies to execute their supply chain strategies and achieve their growth and financial objectives. When it comes to transportation management, what are the attributes or components of a solid foundation? Then look at how to deploy the strategy.

Transportation Management 100

Transportation Management Price Reduction Cost Reduction Strategies Transportation 100

SCMDOJO

MARCH 8, 2024

By negotiating lower MOQs with suppliers, businesses can reduce the amount of inventory they need to purchase at once. Frame contracts outline terms such as pricing, delivery schedules, and minimum order quantities, providing both parties with clarity and consistency in transactions.

Inventory Reduction 97

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 97

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

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. Total Supply Chain Cost. Procurement Cost. Product Management KPIs! Get Our EBOOK HERE. Inventory Turnover (Cash).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

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. Leaders receive better performance and price from carriers when that number is reduced to a finite amount.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

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. Leaders receive better performance and price from carriers when that number is reduced to a finite amount.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Negotiate Pricing Price Reduction 48

Unleashed

MARCH 23, 2021

By strictly managing this area of activities, organisations are able to ensure that they always have their required supply of materials delivered to the right place, at the right time, in the right quantity, of the right quality, at a reasonable price. Strategic decisions can also be made in the areas of cost-cutting or value-adding.

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

3rdwave

NOVEMBER 8, 2018

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. Massive shifts in supply chains are underway because of trade turmoil increasing the complexity in global supply chain management and related transportation management.

Supply Chain Design Software 79

Supply Chain Design Software Global Transportation Supply Chain Planning Software Optimization Software 79