ToolsGroup

OCTOBER 10, 2023

This week we’re going to talk about how Dynamic Fulfillment achieves true fulfillment optimization through a cost-based approach that incorporates three key components for optimizing your total cost-to-serve. What Is the Cost-Based Approach? The Three Components of Successful Cost-Based Optimization Let’s drill down.

Purchasing Skills 156

Purchasing Skills Network Optimization Supply Chain Optimization Price Mitigation Strategies 156

Logistics Viewpoints

JUNE 12, 2024

Autonomous supply chains can also help businesses by enabling new business models, such as direct-to-consumer, subscription-based, and circular, and creating new sources of revenue and competitive advantage. Autonomous Shipping Autonomous shipping is the use of self-driving vessels to transport goods and passengers across waterways.

Supply Chain Planning Software 268

Supply Chain Planning Software Supply Chain Software Shipping Supply Chain Optimization 268

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Sourcing Strategies Optimal Sourcing Purchasing Skills 130

Precoro

MAY 20, 2024

That’s when small business owners seek assistance with purchase order financing. In this article, we'll discuss how purchase order financing works and which companies can benefit from it. Continue to find out more, or jump right to the section you are most interested in: What is purchase order financing?

Purchasing Skills 91

Purchasing Skills Procurement Solutions Manufacturing Procurement Negotiate Pricing 91

Freightos

DECEMBER 20, 2022

From lockdown-induced purchasing highs, soaring logistics costs and supply chain snarls to waning demand, soaring inflation, and fears of recession – there has never been a dull moment. . The role logistics costs have played in increased or decreasing inflation is now more relevant than ever. . Sources: U.S.

Purchasing Skills 156

Purchasing Skills Analysis Cost Reduction Strategies Freight 156

Logistics Viewpoints

NOVEMBER 18, 2024

These facilities produce and ship 150,000 order lines per day. Like many companies, the French multinational produces a significant amount of its products in low-cost nations. By 2014, the company had purchased the Coupa solution, developed an internal modeling team, and created data extraction and cleansing routines.

Supply Chain Design Software 204

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Planning Software 204

Logistics Viewpoints

FEBRUARY 5, 2024

Walmart fines suppliers whose goods arrive late or who have not shipped everything that they committed to ship. Russell Zuppo, a vice president for consulting services at Uber Freight, reports that in their customer base, Walmart suppliers are currently paying 0.16% of the cost of goods sold in fines to Walmart.

Shipping 277

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 277

Unleashed

JANUARY 4, 2024

Product sourcing, done the right way, can set your business up with the foundations needed for achieving maximum sales. This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

ShipBob

DECEMBER 28, 2022

Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

The Logistics & Supply Chain Management Society

MARCH 21, 2023

Why Multi-Carrier Parcel Shipping Strategies Are Winning in 2022 by Lindsay Schuemann , Marketing Manager at Enveyo Two years. We’ve had many ups and downs since March of 2020, but one up that has continued its upward trend, is e-commerce purchase volume. They’re shipping companies. When should I start negotiating?

Cost Reduction Strategies 130

Cost Reduction Strategies Price Reduction Sourcing Strategies Price Mitigation Strategies 130

Freightos

SEPTEMBER 8, 2020

Shipping containers are like scotch. . Just take a look at pricing fluctuations for Suntory’s Yamazaki 12 Year Old. But decisions about how many barrels to produce or how many ships to sail have to be made in advance. And if not, why have prices been skyrocketing when demand is not? Is ocean freight pricing broken?

Purchasing Skills 218

Purchasing Skills Price Reduction Freight Supply Chain Software 218

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Just take a look at pricing fluctuations for Suntory’s Yamazaki 12 Year Old. But decisions about how many barrels to produce or how many ships to sail have to be made in advance. Their “overperformance” quickly prompted accusations of profiteering or price manipulation, and even a couple government inquiries. Enter COVID-19.

Purchasing Skills 217

Purchasing Skills Price Reduction Freight Supply Chain Software 217

Logistics Viewpoints

OCTOBER 24, 2024

SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. When a procurement contract is negotiated, the buyer has planned to achieve a certain level of savings.

SAP 242

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 242

Clear Spider

OCTOBER 21, 2024

From raw materials to shipping and storage, businesses across the U.S. Spoiler: Effective inventory management strategies are key to navigating price hikes without passing excessive costs onto consumers. As prices continued to rise, purchasing power plummeted. You’re not alone.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. What is a Total Cost of Ownership Model? But price is ALWAYS included.

Optimal Sourcing 103

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 103

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 217

Negotiating Skills Purchasing Skills Network Optimization Software Logistics Network Optimization Software 217

RFgen

MARCH 20, 2023

Integrating purchasing and inventory control is critical for forward planning and forecasting in today’s economic climate. Automated technologies and mobile inventory management systems can help align teams around a single source of truth when making inventory decisions. Essential to this process is purchasing.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Purchasing Skills Manufacturing Procurement 52

Logistics Viewpoints

NOVEMBER 19, 2024

Given the many aspects of retail operations outside a business’ control—from supply chain disruptions and labor shortages to inflation and interest rates impacting both operational costs and customer behavior—the fulfillment challenge this peak holiday season is acute.

Resource Reduction 191

Resource Reduction Price Reduction Cost Reduction Strategies Vendor Strategies 191

Unleashed

OCTOBER 12, 2022

But what does ERP cost for an SME? On average SMEs should expect the monthly, per-user cost of cloud-based ERP to be US$114. Keep reading to learn more about how the costs of ERP break down, what ERP could do for you, and whether there are more cost-effective alternatives. HR, including onboarding and payroll.

Purchasing Skills 98

Purchasing Skills Negotiating Skills Inventory Management Software Pricing Training 98

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

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

ToolsGroup

APRIL 1, 2022

How the War in Ukraine is Impacting the Supply Chain and Raw Material Prices. Increased Prices Resulting from Shortages and Supply Chain Issues. Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Source: Consultancy.UK. Image source: Fortune.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Unleashed

AUGUST 28, 2023

The cost of sales is an inventory accounting metric that measures the accumulated costs in getting finished goods to market. It represents your true cost of creating and selling a product. What is cost of sales? Cost of sales is the accrued total of all the costs of supplying a product.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Cost Reduction Strategies Examples 52

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 298

Manufacturing Procurement GEP Purchasing Skills Logistics 298

Unleashed

SEPTEMBER 2, 2024

Purchase order (PO) systems are software tools that help you manage the end-to-end purchase order process. They streamline procurement workflows by automating key tasks such as purchase order creation, approval, distribution, and tracking. What is a purchase order system? How do purchase order systems work?

Procurement Solutions 52

Procurement Solutions Inventory Management Software Procurement Analytics Supply Chain Planning Software 52

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 208

Supply Chain Network Software Logistics Network Optimization Software Demand Planning Software Supply Chain Software 208

Freightos

AUGUST 10, 2024

Like many, I envisioned substantial cost savings and productivity boosts for the logistics industry, which is often hampered by non-standardized formats and requires high adaptability. In logistics, the cost of an error or exception is always where problems start to balloon. Again, this takes careful and meticulous training.

Logistics Network Optimization Software 229

Logistics Network Optimization Software Modeling Software Supply Chain Planning Software Negotiating Skills 229

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 229

Modeling Software Optimization Software Supply Chain Network Software Logistics Network Optimization Software 229

Logistics Viewpoints

JUNE 28, 2024

Walmart announced that it will pilot agriculture technology with crop supply intelligence company Agritaskto get real-time information on crops and improve sourcing decisions around produce. The company is selling Coyote for $775 million less than the purchase price. And now on to this week’s logistics news. billion in 2015.

Logistics Network Optimization Software 216

Logistics Network Optimization Software Waste Reduction Logistics Price Reduction 216

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 218

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 218

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 How To 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 247

Reverse Logistics Purchasing Skills Price Reduction Logistics Network Optimization Software 247

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

SYSPRO Smarter ERP

NOVEMBER 18, 2024

For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. There are several business processes that an ERP must have to support automotive distribution.

Automotive 52

Automotive Optimal Sourcing Purchasing Skills Manufacturing Procurement 52

AFFLINK

AUGUST 28, 2019

The more you can cut your supply chain costs, the more you can cut your overhead; the more you can cut your overhead, the higher the return on your investments. Start with these five important tips to reduce the cost of your hotel hospitality supplies. Keep up with pricing changes and negotiate! But today, there could be.

Negotiating Skills 80

Negotiating Skills Cost Reduction Strategies Purchasing Skills Vendor Strategies 80

ModusLink Corporation

NOVEMBER 23, 2022

Top View Cargo containers ship logistics transportation Container Ship Vessel Cargo Carrier. Managing cloud-based e-commerce platforms and global shipping logistics is a vital part of the process of overcoming cross-border challenges for online retailers. The Importance of E-Commerce Shipping and Logistics in EU Transportation.

Purchasing Skills 78

Purchasing Skills Shipping Logistics Network Optimization Software Supply Chain Planning Software 78

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. Procurement is the process of sourcing suppliers , negotiating sales terms, and purchasing the goods a company needs to run its daily operations.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52