This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Image source: iStocks | The Ultimate Guide to Fleet Management: Strategies to Control and Optimize Your Processes Investing in a fleet management system results in an improvement in internal processes, which directly reflects the quality of the service provided to the end customer. How does a fleet management system work?
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.
If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain costreduction, I wouldn’t be surprised at all.
In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies. This enables 3PLs to optimize inventory levels, reducing the risk of overstocking or understocking, even in uncertain economic times.
Good order picking processes can save labour costs, increase productivity and customer satisfaction and ultimately more revenue and a competitive advantage. It’s obvious, but probably worthwhile stating that, if it takes too long the costs increase and profitability fall, if we get it wrong the client does not get what we want him to pay for.
At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supply chain and business strategy along with eight other important levers for supply chain performance improvement. The Failing Kmart Business Strategy. The first Kmart store opened way back in 1962.
The eBL, a digital version of the traditional bill of lading, is reshaping the way businesses manage and streamline their shipping documentation. This article explores the key aspects of an eBL, its benefits, challenges, and its potential impact on the future of international trade. What is a Bill of Lading (BOL)?
This article by Morai Logistics covers 5 steps companies should be taking in order to make their reverse logistics process more successful. With the right approach, they can be turned from a cost to a benefit—an opportunity to improve. Figure out the why Behind Returns. Returns shouldn’t be a mindless process.
Today’s article comes from Descartes and looks at how EDI can streamline supply chain operations. EDI eliminates the need for manual data entry by automating the exchange of business documents. How does EDI reduce paperwork and associated costs in supply chain operations? To read the full article, click HERE.
Digitize Invoicing to Eliminate Errors and Guard Cash Flow. In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. In the logistics business, the pain points -- and the potential points of failure -- are numerous and come with very high costs.
Given the current global consumer climate which has seen customers having higher expectations than ever before, supply chains are coming under immense pressure to deliver exceptional services within a reduced timeframe and at a lower cost. Sustainability. Tech Integration. Partnerships.
The volatility the market witnesses today has led supply chain stakeholders like shippers, carriers, and manufacturers to obsessively look at driving efficiencies into their workflow, while cuttingcosts. CostReduction. Process Improvement. This will give shippers insights into data for various supply chain processes.
And are you struggling with cost and forecasting challenges? This article might help you cultivate that understanding, as it offers a brief overview of the factors influencing high container freight costs—and the challenges of volume forecasting. Reduced shipment visibility. Background to the Current Situation.
Original Article: 10 Reasons the Retail Industry Should Invest in a Last-Mile Delivery Solution. The need for practical and applicable last-mile delivery in retail involves saving money and reducing the expenses associated with this vital yet often overlooked leg of the shipping journey.
Additionally, tools like zero-knowledge proofs (ZKPs) enable companies to verify information without disclosing sensitive details, and smart contracts automate key processes without intermediaries, reducingcosts and delays Regulations such as the U.S. ERP & SCM Systems (2000s2015): Centralized ERP suites (e.g., Whats Next?
Still, in this article, I will help you evaluate the need for supply chain and logistics KPIs in your organisation, and identify which types of measurement might be most appropriate. For this reason, KPIs are essential for any business improvement strategy. Which ones to use?… … How many to use?
Increased protectionism is leading to increases in landed costs for imported products. Better systems at customs agencies can lead to increases in cycle times for companies that are not on top of the complex documentation requirements associated with trade.
LTL ( Less than truckload ) S hipping is one of the best flexible and cost-effective ways to start your freight delivery in logistics. This article will provide a detailed reference to LTL shipping, including the definition of LTL, shipping prices, delivery method, and how to manage your LTL shipment to the fullest. How does it work?
In this article, we define five advantages that will transform the future of freight forwarding. Expertise of Freight Forwarders Freight forwarders are well-versed in the knowledge of how to handle the customs regulations and documentation for your international shipments.
If you were a small investor like yours truly, you bought the far less glamourous mutual fund which had lower transaction costs. Seizing on the opportunity brought about by the deregulation, Charles Schwab Company launched a discount brokerage offering that drastically reduced the cost of trading stocks.
A famous 2010 HBR article, “Roaring Out of Recession,” studied how 4,700 public companies fared during the recessions of 1980, 1990, and 2000. HBR also cites technology’s ability to cutcosts and to make “companies more agile and therefore better able to handle […] uncertainty and rapid change.” Reduced working capital.
Inventory Availability and Cost: Striking a Balance It’s rarely a good idea to think too lean in ecommerce inventory management. The challenge, then, is to strike a balance between sufficient inventory levels to ensure availability and costs that won’t threaten the future of your enterprise. Book a free consultation.
As youll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, weve discovered that many companies lack a defined and documented supply chain strategy. A company without a supply chain strategy is at a competitive disadvantage.
Let us check out some strategies you can deploy to decrease the driver churn rate for your trucking business. Strategies to reduce driver churn rates in the trucking industry. Consistent payout rates: Wages are a major factor in driver turnover, with the average cost of hiring a new truck driver being around $8,000.
It’s also important to document any constraints that will impact your plans to meet those objectives. A clear understanding of objectives and constraints will provide you with the starting point for your design review, so it’s important to get them documented and to make sure all stakeholders are aware of them.
In this article, we explore how these AGVs are changing the warehouse industry by minimizing human error, reducing labor costs, and setting new standards for productivity and safety. By taking over repetitive tasks from humans, AGVs cut down on workplace injuries caused by overexertion or human error. Let’s dive in!
So thats the route were taking in this article (no pun intended), we’ll be exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes. Automated route planning software is improving in effectiveness and costs are coming down.
Labeling mishaps cost time, money and resources. To combat the problem of missing labels and other documentation, haulers have resorted to duplicating the necessary paperwork and storing it inside the freight itself. To prevent this, haulage firms and couriers need the ability to reprint labels and documentation immediately.
In this article, we explore how these AGVs are changing the warehouse industry by minimizing human error, reducing labor costs, and setting new standards for productivity and safety. By taking over repetitive tasks from humans, AGVs cut down on workplace injuries caused by overexertion or human error. Let’s dive in!
To help you keep on top of your warehouse management and ensure your storage facilities don’t generate undue supply chain costs, take note of the following eight common warehousing mistakes. Reducing inventory levels as far as possible makes your supply chain leaner and leaves you with less money tied up in stock.
Eliminate Confusion With Digital Document Management. Another way to navigate the current market is by implementing technology like digital document management. This can consolidate the amount of manual documentation while instantly uploading the files. Use Analytics to Track the Health of Your Business.
Similarly, the occasional articles such as Brigadier (retd) Mick Kehoe’s series at Logistics In War , remind us that there are pertinent personal stories from the past that remain eternally relevant to the soldier, sailor or airman. This article will describe the impact of strategic resourcing and logistics problems on operations.
Lean thinking focuses on the elimination of all waste (where waste is defined as any non-value added process) and bringing value to the customer , beyond the customer’s expectations. Transportation strategy should not drive how and when product is delivered. Transportation strategy and tactics must support Lean inventory strategies.
Guesswork about container location or estimated time of arrival costs the shipping industry as much as $20 billion annually , according to Boston Consulting Group. The IT department has come out of the basement and onto the main floor,” Rudy Muller, senior manager of IT at MVII terminal, said in an article on IoT in maritime. [
That’s why software developed a decade ago doesn’t cut it anymore. In this article, we share practical guidelines for choosing freight forwarding software. Features to look for may include: Less-than-load (LTL) consolidation to minimize costs for smaller shipments, as well as full-load coordination. Times have changed.
Digitize Invoicing to Eliminate Errors and Guard Cash Flow. In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. In the logistics business, the pain points -- and the potential points of failure -- are numerous and come with very high costs.
Digitize Invoicing to Eliminate Errors and Guard Cash Flow. In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. In the logistics business, the pain points -- and the potential points of failure -- are numerous and come with very high costs.
With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges. The first stage of reimagining procurement is to look at sourcing strategies.
With gasoline prices reaching record highs , transportation managers must make smarter decisions that minimize road miles and associated costs. The industry’s well-documented labor shortages are not ending anytime soon. Digital Control Towers. The study predicts that a $10 billon company can realize over $31.2 Dynamic Price Discovery.
And on the subject of sustainability, SCDigest.com covered Walmart’s 2015 Sustainability report : Walmart, the world’s largest corporation, is fresh out with its 2015 sustainability report, the eighth such document it has produced. Low prices benefit customers, but low true costs benefit everyone.” Beyond Technology.
Creating and maintaining detailed documentation on Tier I, Tier II and Tier III levels of ISO/EN with appropriate controls for review, approvals and distribution. This happens when the repair rate and the associated costs increase significantly. Reduce materials and ingredients costs. Reduce product waste and downtime.
What’s in the article: What actionable steps will earn you the title of a shipper of choice ? This proactive approach helps carriers align their operations, reducing wait times and improving overall efficiency. For smaller shipments, LTL offers cost-effective solutions while maintaining service quality.
To help you keep on top of your warehouse management and ensure your storage facilities don’t generate undue supply chain costs, take note of the following nine common warehousing mistakes. Reducing inventory levels as far as possible makes your supply chain leaner and leaves you with less money tied up in stock. . #2:
Shredding your important documents instead of simply disposing of them is one of the most significant eco-friendly measures you can take. It reduces your carbon footprint, protects you from identity theft, and increases the reuse of paper. Their waste can be reduced by being a little innovative and creative. Video by RecycleNow.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content