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Curtis documents and shares challenges, progress, and goals in a collaborative and community driven way. Curtis’ career has taken him through LTL operations – both driver and dock, Weights and Research, pricing, yield management, strategy, sales, and technology. He is a huge believer of working in public.
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.
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.
We wanted to bring you some quick strategies and tips that can help your holiday shipping woes or at any time of the year where you experience an increase in shipping volumes. Holiday shipping prices for 2014 are pretty similar to what they were last year, only a bit higher. Truckload Holiday Shipping.
For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.
Oil prices tanked, cancellations increased and Maersk drilling and supply chain services would run up nearly $2 billion dollars in annual losses. So three months after an executive meeting on June 23rd , an updated strategy was released, tracking a radical shift into a slimmer Maersk, focused on providing end-to-end logistics services.
Traditional options for managing and documenting the process also remain stagnant. All supplier shipments must be accompanied by appropriate documentation. Documentation may include, but is not limited to, packing slip, bill of lading, NAFTA certificates, commercial invoices, CMR (EU and Asia) and hazardous materials information.
Documentation and Compliance: Here’s where things get interesting – and sometimes complicated. Pricing Structure: Remember those simple shipping options you see when shopping online? They are the ones who wont mind waiting a few days to receive their purchases, as long as the price is right.
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. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and.
We wanted to bring you some quick strategies and tips that can help your holiday shipping woes or at any time of the year where you experience an increase in shipping volumes. Holiday shipping prices for 2014 are pretty similar to what they were last year, only a bit higher. Truckload Holiday Shipping.
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.
Standardise and Digitise The key to managing complexity, of course, is to be organised. We’ll be pleased to assist you in implementing methods to sense customer demand more accurately, enhancing your ability to optimise inventory levels, reduce stock-outs, reduce carrying costs—and ultimately increase profitability.
With the latter, carriers are able to eliminate costly manual work, reduce reliance on labor, and streamline their operations. When it comes to the exchange of information, it is of course problematic.”. Blame the high volume of required documents—invoices, bills of lading, letters of credit, and inspection certificates, etc.—with
Outsourcing production to countries with lower wage levels has also enabled companies to reduce costs. And with these factors as your tailwind we think that the following 8 strategies will take your business to the next level. Eight simple steps so that you too can profit from export success: 1. Finding The Best Costs.
Of course, we couldn’t let our entrepreneurial free spirits miss out on those numbers. Essentially, a business plan is a formal document that outlines the goals and objectives of a company. Those are all fill-in-the-blanks, of course. ??. #6. Marketing Strategy. Unfortunately for the latter, they’re missing out!
Top brass can better align labor goals to corporate strategies, giving the organization a clear sense of purpose and direction. A modern LMS empowers labor to learn faster, innovate and do more, because the game is clear-cut. If a task runs off course, corrections can be made immediately. It’s Not Brain Surgery.
Of course, that depends on securing shipping data insights well in advance of disruptions’ arrival. Failure to secure dynamic pricing mechanisms leads to unneeded mini-bids. Contracts must include dynamic pricing mechanisms to avoid unnecessary freight mini-bids. Trucking contracts are not a fast-paced document.
The situation was—and continues to be—exacerbated by a reduction in turnaround speed in ports and terminals due to the need for compliance with social distancing and movement restrictions. Reduced shipment visibility. Seek options to improve freight consolidation and reduce shipment frequency. Sky-high shipping fees.
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. In general numbers, air freight is usually 5X the price of trucking and 16X the price of ocean freight, according to the World Bank. Documents and Samples.
Warehouse 5S is a lean management strategy that helps warehouses accomplish a basic objective: making problems visible. The 5S model is named for five Japanese terms that capture its core philosophy — waste reduction and improved efficiency. Some common sorting strategies include: General cleaning of an area.
Even if your shipping strategy is perfect, and you are using a good shipping provider, sometimes freight damage is difficult to avoid. Of course, this might not happen to you, but when at a certain point you find out about your freight shipment being damaged, it is better to be fully prepared. What is a freight claim?
Of course, those working in last-mile delivery already know that its impossible to talk about delivery days without also touching on an intrinsically linked topic: customer satisfaction. Communicating data handling practices transparently can boost customer sentiment significantly, especially when paired with clear opt-in/opt-out options.
We’re setting out on a journey to understand how to transform your dream into reality, navigating legal documents, and NEMT software, hiring competent drivers, and crafting an effective marketing strategy. It includes buying vehicles (ADA compliant, of course), office space utility bills and insurance costs. Plan wisely.
This value and volume in the industry inspired the creation of the Centersource Digital Platform in Sweden with a view to eliminate manual processes from the industry and digitalise the entire gamut of manual processes. 40% trying to calculate CIF prices for the product. 65% drafting documents. Price Calculator.
Whatever your specific policy, as an ecommerce merchant, it’s important to clearly explain your 2-Day specifications and cut offs during check out and in your documentation so customers aren’t caught off guard with delivery expectations. Why 2-Day Shipping Matters In the first two quarters of 2022, the U.S. conducted $252.14
Rapidly rising fuel prices will bring about even more widespread supply chain disruption. When the price of oil skyrockets, so does the cost of producing everything, leaving no industry unaffected. The anti-COVID measures increased demand for ecommerce, but they also triggered a seismic shift in supply chain strategy.
We’re setting out on a journey to understand how to transform your dream into reality, navigating legal documents, and NEMT software, hiring competent drivers, and crafting an effective marketing strategy. It includes buying vehicles (ADA compliant, of course), office space utility bills and insurance costs. Plan wisely.
Challenges such as increasing fuel prices, pressure on volumes and the low-profit margins of the sector are rampant. Identify the Authority Concerned The transportation management plan is a document that bears a legal face. This document should not be prepared by just anyone. Download White Paper.
For more than two decades, Lampenwelt from the Sauerland region of Germany has been one of the largest and most successful platforms for the sale of lamps of all price ranges. Darkness is an exaggeration, of course. There is now only one central system for communication and document exchange for everyone involved,” says Keyser.
The use of an international standard improves understanding among all parties involved in transport and eliminates misunderstandings. The Aspion G-Log 2 data logger is the only device in its price class to document the course of a shock or vibration per axis in millisecond increments.
This includes accounting for variances in freight classification and cost due to increasing use of dimensional (DIM) pricing models. A defined set of rules should serve as the “checkpoint” in this part of the document, ranging from marking and labeling to back-order processing. Well, apply the idea to your inbound vendor routing guide.
Will carriers be true to their word and end the slash-and-burn rate-cutting wrought by their pursuit for market share? It is this last point that should be the start of the healing process, and the starting point in the negotiation process, because in an ever more complex supply chain, a good contract goes far beyond mere price.
With current events in mind, managing future supply chain disruptions will be an integral component of corporate strategy. How then to build a strategy? Like any other strategy, the process seems logical: review, assess, and mitigate. licenses, documentation, permits, etc.), Lastly, consider materials. Risk Assessment.
Business information, including: Business name Address Website Phone number Customer information, including: Name Address Phone number And, of course, the estimate! Depending on the scope of the work, this might include blueprints, technical drawings and any client-provided documentation. What should an estimate include?
Reduced dispersion of technologies to track data in trailers and trucks. WHITE PAPER] The Current Factors Driving the Less Than Truckload Pricing Market. Better connection with available drivers, shippers and carriers will help reduce deadhead, essentially doubling the value gained per trip. Poor data quality.
Well, the digital supply chain is the ideal way to tap that value by digitizing documents. Few areas of the supply chain are more susceptible than sourcing strategies. In turn, the prices of such items increase across the country and possibly the globe. They also eliminate the hassle of keeping paper-based records.
Of course topics like due diligence, deal structure and valuation matter, but are there other variables you should be factoring into the equation outside of the money? Are you interested in learning more about private equity, mergers and acquisitions, and other strategies for expanding your business and maximizing its value?
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.
This shortage has significantly reduced shipping capacity, resulting in delays and increased shipping costs. Mitigating these complications can involve making penalty payments, providing extra documentation, or changing the shipping routes. This figure is forecast to hit 160,000 by 2030. Provide rolling forecasts.
Small businesses may start out with one type of fulfillment strategy then change when the company outgrows it. Since a 5PL can bring massive business to a shipping carrier, they can potentially leverage lower prices. Don’t worry; you can change later on. We used the analogy earlier that compares your eCommerce brand to your baby.
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.
Simplifies data entry and the elimination of many manual steps: Logistics automation features such as integration to your commodities via your ERP system and access to your address book, as well as automatic storage and entry of fuel surcharges and accessorials, will have you never again worrying about keying in the wrong information.
They’re licensed to be an ocean freight forwarder, and they’ve bought some aircraft and an airport; and of course they are a huge warehousing player. Self-service support and document management. Kuehne+Nagel was one of the first big freight forwarders to have price quotes and self-service directly on their homepage.
This makes accuracy non-negotiable when preparing an electrical quote or drafting an estimation for residential projects where square-foot pricing may apply. Deciphering Technical Documents To nail down your material and labor forecast, getting cozy with blueprints and schematics is non-negotiable.
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