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Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.
In fact, it’s often the “final frontier” for companies that are trying to cut additional costs out of their transportation spend. Your goal should be to reduce the cost of shipping, but there is no “magic number” for a percentage of shipments that should be vendor-controlled vs. customer controlled.
Additionally, software vendors continuously invest in tuning the performance of their algorithms and models. For example, running a batch process that now takes 8 hours instead of 12 does not translate into supply chain agility. Running a flawed process faster only gets you so far.
Download ebook. There are other considerations to which we might be tempted to give top billing, but safety is the only one that makes the cut. Order picking and distribution of any kind is a time-sensitive business, but when workers feel rushed, corners get cut —?and Ask Your Vendors for Insight.
Learn more about reverse logistics and core considerations by downloading the ebook: Mastering Reverse Logistics Guide. For instance, at the height of the pandemic food spoilage was a big issue, but now, with an eye on full forward and reverse logistics, that waste can be rerouted to avoid spoilage and reduce total transport costs.
Today, with omnichannel pressures and a drastically different retail environment, stores are working hard to eliminate excess inventory and penalize vendors for early (and late) deliveries. Download eBook. Focus instead on optimizing internal behaviors and rebuilding strategies to fit today’s new landscape.
Read: Logistics Company Transforms Customer Service & Reduces Costs by 50 Percent with Move to the Cloud. Although TMS is a mature market, where the top six vendors claim more than 50% of the market,” says De Muynck, “we still see an opportunity for newer, smaller vendors to grow in the market.”. Been There, Done That.
As a supply chain leader, your input into IT procurement will be crucial , and you must know enough about your company’s technology needs to discuss them with vendors. For example, during supply chain improvement projects, it’s not uncommon for things to crop up, requiring plans to be changed. Understand IT as a Buyer.
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