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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.
A plan is necessary, possibly based on one of the following strategies. Hidden Opportunities for Supply Chain Cost Reductions Of course hidden costs, if you can find them, mean hidden opportunities. Reverse Logistics Strategy 1: Don’t do it! Note that this may require extra training for people who will do the sorting.
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.
Government regulations like the Sarbanes-Oxley Act of 2002 (SOX) put additional strain on companies to maintain stringent data and financial controls, and often include provisions on how data is maintained by outside vendors and service providers. Type 1 vs. Type 2: What’s the Difference?
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.
A plan is necessary, possibly based on one of the following strategies. Reverse Logistics Strategy 1: Don’t do it! IT vendor Dell, for example, handles requests for returns via its support organisation. Reverse Logistics Strategy 2: Make it Painless. Reverse Logistics Strategy 3: Make it Profitable.
In particular, fleet managers must start with an inventory of their devices, identifying the cellular technologies in use, the cellular module vendor name and part number, their physical location and a priority rating. Training for drivers and operational staff on the new systems is a sometimes-overlooked step.
Moving thousands of people and products effectively from A to B on a daily basis is an incredibly complex exercise, both financially and environmentally. One solution is to increase the options for delivery when a customer is not at home, simultaneously reducing traffic and improving customer service. Data-driven approach.
Depending on the stage of your career, industry-specific training programs, job rotation, and contract work may let you put that extra line on your CV that tilts a recruiter’s decision in your favour. Inventory (inventory specialist, vendor-managed inventory/replenishment specialist).
Peter Lukszys, University of Wisconsin-Madison (UW-Madison): In terms of different logistics applications, we see a lot of interest in humanitarian aid logistics and the impact of logistics strategies on climate change. But the economic downturn forced companies to pinch pennies and reduce costs. It is also an exercise in trade-offs.
These responsibilities extend across functions and when properly exercised, comprise supply, demand, distribution, production, purchasing and capacity planning. Where necessary, this includes vendors and supply chain partners such as 3PL logistics providers. Things to Consider Before Upgrading Your Inventory Planning.
Many large product/equipment vendors make more money through warranties and repair, especially when these happen onsite, so there could be some resistance there. This was when they realized a need to delegate "must-have and less skill" tasks to the operators by providing them basic training. Instance Consolidation Strategy.
Getting this right to maximize your transportation strategy is a balancing act—regardless of the mode or modes of shipping. The good news for businesses seeking innovations is that technological change has a long history of reducing production costs and bringing improved products to the marketplace. Inside and outside.
Furthermore, such methodology can be applied to vendor relationships. If a vendor fails to deliver product as specified, the vendor may be advised of how future violations will affect contractual obligations. However, you must exercise caution to make sure you do not damage your vendor-shipper relationship.
The purpose of a port is for the direct intermodal exchange of people or freight,” he said, adding that ports should have the infrastructure to allow vehicles and trains to come alongside ships. It is an academic exercise to speculate …but there are some big dollars at stake here.”. We have 30% turnover in our business.
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