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
Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises. Let’s look at five proven strategies that can help you create a more resilient supply chain.
The more your products get damaged in shipping, the more money your company loses and the effects of that loss can spread throughout your organization, causing both direct and indirect expenses and affecting sales. But if you can reduce cargo and shipping damage , you can cut shipping costs. Make Labels Clear.
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 cost reduction, I wouldn’t be surprised at all.
In this article I will outline, firstly, the reasons why organisations outsource logistics activities, and secondly, what the key drivers are for outsourcing success. Amazingly, many companies have suffered after outsourcing decisions were made at an operational level, without due regard to the boards supply chain strategy.
The tips in this article will help you know how to identify the customers, products, and processes that might be inflating your cost to serve (CTS) unnecessarily. Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve.
In this article, I will redress the balance by exploring outsourcing from a more holistic perspective, focusing on ways to consider outsourcing partnerships for improvement throughout the supply chain. Outsourcing for Reduced Supply Chain Cost Few business leaders would argue that reducing costs in the supply chain is an improvement.
Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.
Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
The Royal Australian Air Force, now armed with the fifth-generation fighter and other impressive air capabilities guided by a wholesale transformation strategy – Plan Jericho, has recently debated the need for a joint strike capability. Logistics and strategy are inseparable, each meaningless without the other. By David Beaumont.
This article explores two such ways modern digital tools can elevate the performance of 3PLs on the way to creating stickier customers. When billing rates and effective dates change, a system alert notifies both parties in advance, eliminating misunderstandings through improved, proactive communications. But can technology do more?
You can achieve the benefits by simply rearranging products – within existing storage media – to reduce travel distance for pickers in your warehouse. Essentially, it’s about organising products so that frequently picked items are easily accessible, reducing the travel time for pickers. Reduce product damage.
In this short article, I’ll redress the balance a little by highlighting a few practical guidelines which, if adhered to, will increase the chances of a successful logistics outsourcing alliance. An extensive process mapping exercise, prior to supplier selection, should help to prevent this issue. Lets’ Raise a Half-full Glass.
In more than 25 years of private practice and consulting with businesses of all sizes, I’ve learned that one of the most beneficial exercises is asking the right questions. Do I have a disability buy-sell, or overhead expense coverage? Minimizing Business Mistakes is All About Asking the Right Questions. 2: Is there an emergency plan?
These articles might suggest to some that any attempts to devote time to addressing logistics readiness are likely to fail. The act of staying in a state of heightened readiness is not only expensive, but it can result in ‘evanescence and self-destruction.’ I described the interplay between logistics and readiness.
Since I first published this article back in 2009, warehouse design principles haven’t altered that much, but as we received many comments, including requests for more information, I figured it might be a good idea to expand on the original piece. Your distribution strategy too, will have a bearing on network optimisation.
Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards. The companies most likely to emerge strongly from the Coronavirus crisis are those that had diversified their operations and implemented multi-sourcing strategies. 2) Diversify Your Operations. 4) Create Redundancy.
Overused and misunderstood in blog posts and informative articles, “big data” describes the use of data to improve your operation, which includes shipping, warehousing, and supply chain processes. However, you must exercise caution to make sure you do not damage your vendor-shipper relationship. Generating Accurate Forecasts.
Your sales price minus your production cost is your overall profit or margin; at least, before allowing for further expenses. So far, so good… but what about those further expenses? The real value of knowing your Cost to Serve a given customer is to identify opportunities to increase or recover profit, rather than cut losses.
An unprepared military offers political leaders few options, corrupts strategy, is inefficient and ineffective, and poses a national risk. 4] Routine exercises and training can achieve high standards of preparedness, at least for a time. . – Chief of Army LTGEN Peter Leahy, 2004 [1].
What’s covered in this article: Identified Problems in Driver Safety. They must exercise caution while driving in poor weather conditions. According to the National Highway Transportation Safety Administration (NHTSA), Automatic Emergency Braking (AEB) can eliminate more than 2500 truck crashes every year.
In this article, we will explore 11 proven sales strategies that can help you increase your flower shop sales and cultivate lasting relationships with your clients. However, it’s vital to exercise caution and avoid over-ordering, as this can lead to waste reduction challenges and increased expenses.
Horizontal integration has become the go-to value chain strategy over the last two or three decades, to the point where companies that insisted upon remaining vertical became the outliers in a global field of distributed organisations. For Starbucks, vertical integration is a risk mitigation strategy. Ferrero: They Must be Nuts.
In this article, outsourcing will refer specifically to transport and warehousing functions. This loss of focus can result in under performance and revenue reduction. Such divestment strategies by manufacturers have become a blessing for third party logistics providers who have won large amounts of new business for this reason alone.
Strange as it may seem, many business leaders don’t have the answers to these questions , because they’ve never conducted an exercise to understand the costs involved with supplying their customers. Development of profitable strategies for customer or product segmentation. Reduce freight costs.
These articles might suggest to some that any attempts to devote time to addressing logistics readiness are likely to fail. The act of staying in a state of heightened readiness is not only expensive, but it can result in ‘evanescence and self-destruction.’ I described the interplay between logistics and readiness.
Behind every major warfighting exercise, such as the recent Exercise Talisman Sabre or the successive multinational exercises underway in Europe , the logistics system is tested. It enables detailed logistics planning to occur, supports the tailoring of forces including the requisite logistics capabilities.
If you’re a supply chain technology company or a logistics service provider and would like to sponsor our LL4T1DCure team, which includes sponsoring one of your employees or clients to participate in the ride with travel expenses included, please contact me for details. Here are some excerpts from the article: XPO Logistics Inc.
Supply Chain Strategy. You might expect that an article section on supply chain strategy would contain some pretty complicated concepts and ideas. If so, prepare to be surprised, because it doesn’t get any more basic than this: Your company must have a documented and commonly understood supply chain strategy.
Supply Chain Strategy You might expect that an article section on supply chain strategy would contain some pretty complicated concepts and ideas. If so, prepare to be surprised, because it doesn’t get any more basic than this: Your company must have a documented and commonly understood supply chain strategy.
At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now. What Are Your Freight Benchmarking Options?
to the complex exercise of pricing. If you can’t execute on it,” says Webb, “it’s nothing more than a really expensive set of paper reports.” to pricing as continuously evolving, as businesses strive to meet customer demands and keep pace with the pricing strategies of competitors. Comment on this article.
This covers security policies, threat awareness, security training, exercises. Approaches to reduce the risks of threats and vulnerabilities can be strategic, tactical or both. A popular strategy is a layered defence. This helps prevent expenses of time and money that previous duplication of controls had caused.
By the end of this article, you’ll learn: Why forklift operator safety training is important. And the results indicate that better training reduces operators’ errors. According to OSHA as well as many other experts, when errors are reduced, accidents are reduced as well. Lucky for you, this article is here to help!
Even more nefarious practices exist in the tea trade, such as cutting real tea with other organic, or sometimes inorganic products to increase yield from a plantation’s crop. Like several of the companies already mentioned in this article, Ford has teamed up with IBM to develop a blockchain for end-to-end supply-chain transparency.
Its a strategy worth considering before looking at external benchmarking, because it might allow you to reduce the scope of an external benchmarking exercise, and narrow the gaps between your company and its peers. Your supply chain strategy should support and align with that of your business generally.
While this is nothing to cheer about, industrial output combined with the other items noted in this article will continue to increase the demand for trucks during the normal lull. Moving freight in, out, and around California will be expensive in 2021. Per the FMCSA calculations, this represented a very deep cut of 4.4%
In this article, we look at why you might want to collaborate in your logistics, where opportunities lie, what makes collaboration work, and conversely, what makes it fail. Vertical and horizontal collaboration can also be mixed, as in business agreements between multiple shippers and carriers to reduce overall movement of empty trucks.
In this article, we look at why you might want to collaborate in your logistics, where opportunities lie, what makes collaboration work, and conversely, what makes it fail. Vertical and horizontal collaboration can also be mixed, as in business agreements between multiple shippers and carriers to reduce overall movement of empty trucks.
Getting this right to maximize your transportation strategy is a balancing act—regardless of the mode or modes of shipping. How economies of scale affect that balancing act is the subject of this article. The sources of economies of scale to be discussed later in this article are more systematic. Inside and outside.
If you follow our blog, you’ll know that we often post articles about logistics outsourcing. In this article, we will revisit the logistics outsourcing topic by looking at the various reasons companies fall back on to justify a decision to outsource logistics or keep it in-house. In many cases, it doesn’t.
Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy In 2014, a survey by Tompkins Consortium delivered a shocking revelation.
For premium makes, the use of enclosed trailers to move vehicles by road can be 10 times more expensive than rail, exacerbating logistics costs. That would make it more expensive to ship vehicles and the question was where that cost would be absorbed because shipment costs were not something the customer cared about.
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