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Top 6 Logistics Challenges and How to Overcome Them

3PL Links

Image source: Pexels | Logistics Challenges and How to Overcome Them Let’s break down the most common logistics problems and how you can resolve them to improve your operations. Read Also: How to Optimize Your Stock With Ideal Storage Structures 1. But the good news is, there are proven solutions that can help overcome them.

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Controlling Supply Chain Cost for Sustainable Growth

Blue Grace Logistics

What you will learn in this blog: Leveraging Data Analytics For Invaluable Insights Implementing Lean Principles for Waste Reduction Effective Management Of Supply Chain Costs As companies navigate market fluctuations and challenges, effectively managing supply chain expenses becomes pivotal for success.

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How To Reduce Soft Costs in Shipping

Dedola Global Logistics

For instance, things like fuel prices, hourly wages for employees, and materials are some hard costs. Soft costs are usually time-consuming tasks such as planning, tracking shipments, gathering documents, handling disputes, and handling communication with your freight forwarder and over-seas suppliers.

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How to Get Your Indirect Spend Under Control

Material Handling and Logistics

Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. So how can you better control your indirect spend? Purchasing from many different suppliers instead of saving through consolidation. Employees who fail to comply with supplier agreements.

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How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Reliance on too few primary suppliers for critical components and materials has compounded the problem even further with unexpected ripple effects on downstream manufacturing as evidenced by the still ongoing global computer chip shortages. Manufacturers know that good supplier relationships are critical. Managing Inventory.

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9 Barriers to Optimal Inventory and How to Break them Down

Logistics Bureau

Suffice it to say that, generally, it’s wise to hold service as the non-negotiable element of inventory optimisation, thereby seeking to keep the right amount of stock to meet required service levels while minimising the inventory costs as much as possible. How to Improve Forecast Accuracy for Optimal Inventory.

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How manufacturers and distributors can re-imagine procurement in the supply chain

SYSPRO Smarter ERP

They have a contract with a supplier who delivers on time, and who charges acceptable prices. Purchasing is not integrated with how materials are consumed in production, neither does it have insight into how lots and batches are stored and used, so there is minimal information about inventory and possible obsolescence.