Category Archives: Cost Savings Tip

Import Customs Duties and a Snuggie

As logistics professionals, our focus is to optimize the flow of materials based on product quality, transit time and overall cost. We optimize these areas with the support of our purchasing department, our manufacturing facilities and other functional areas. When … Continue reading

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Know Your Rates!

Many of the logistics contracts that we sign today are very complex, contain multiple services and a multitude of lanes. We know that we have achieved a certain percent of cost-down over the last contract, but, many times, the details … Continue reading

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Tales from the Trenches: Cost Savings that are the “Low Hanging Fruit”

Most of us are faced with the pressure of finding cost savings on a continual basis. Typically, the first thing we identify when we start a new position or join a new company is the proverbial “low hanging fruit”. It’s … Continue reading

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DAP: Delivered at Place…but what Place?

Improper use of incoterms in your contracts can cost you money! Our company had a transaction where we (our U.S. entity) purchased material from Japan on a “DAP Miami, Florida” basis. The incoterm “DAP” means “delivered at place”. As we … Continue reading

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Innovation in Logistics, Final

Hopefully, you have gotten some good ideas from your creativity sessions. Let’s take a look at those ideas and see whether they are really innovative and will help you to improve your business. We’ll also cover an important, but often … Continue reading

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Innovation in Logistics, Part 3: Getting Creative

In this post, we’ll introduce you to an approach intended to improve the creativity of your team. Before we explore the various “creativity” methodologies, it is important to know what you want to get creative about! You need to have … Continue reading

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FedEx and UPS: Choose the Right Service for the Best Cost

FedEx and UPS offer great, reliable services. They have become synonymous with on-time, guaranteed transportation service. They offer services such as “Standard Overnight”, “Priority Overnight” and “First Overnight”. But what do these service levels mean as far as delivery time … Continue reading

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3D Printers: Leverage for Lower Logistics Costs?

They started making small plastic toys, simple dolls and chess pieces. The 3D printer has now advanced to the point of making complex medical prosthetics and even solid automotive components. In fact, the Swedish specialty car manufacturer, Koenigsegg, is using … Continue reading

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Tools of the Trade: Outsourced Freight Audit and Pay Services

In 2014, my company spent over $20 million in logistics services (transportation, customs services, etc.). Those charges were billed to us on over 50,000 invoices! How do we audit all of those invoices?!?! Those costs and invoices represent services ranging … Continue reading

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Tales from the Trenches: Heavy Load from India to USA by Air…Really?!?!

We work with suppliers from all over the world. Many times, the cost of the parts themselves are less expensive than those made in the U.S.A. Many companies, however, don’t understand that it is really the “total landed cost” that … Continue reading

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