Benchmarking Success Blog
Logistics and Supply Chain news, articles, tips and insights
Supply Chain Benchmarking with Trent Morris
Supply Chain Benchmarking is vital for improving performance and effectiveness, with companies using different practices to achieve their goals. Cost benchmarking helps companies assess whether their logistics expenses are competitive compared to industry standards…
Energy and Labour Costs: 2 Top Warehousing Challenges in 2023
Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs…
Saving Logistics Costs – Inventory
This topic is especially relevant now, as many are looking to cut costs. Effective inventory management can significantly reduce logistics expenses. One of the fundamental steps in managing inventory is conducting a proper ABC analysis…
What’s Hot in Logistics?
Understanding the latest trends in the logistics industry gives you and your company a strong advantage. Do you know what’s happening in logistics right now? Inventory management has become paramount. During the COVID-19 pandemic, companies stockpiled goods, leading to an overabundance of inventory. Now, businesses are striving to reduce these levels…
Freight Rates & Reducing Your Logistics Costs
It’s a mistake to think it’s all about the freight “rate.” Efforts to reduce freight costs often miss important considerations. One significant mistake is when freight rates do not align with your actual shipping profile and volume…
Supply Chain Secrets – Subscriber Thank You + Giveaway
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Current Logistics Outsourcing Challenges
Outsourcing logistics has become trickier. One major problem is the shortage of equipment. In the past, acquiring trucks and other essential equipment was relatively quick…
Cost to Serve Analysis—And the Costs of Neglecting It
Have you conducted a cost-to-serve (CTS) analysis for your enterprise? Many companies have never drilled down into the costs involved in selling…
How to Pick a Logistics Outsourcing Partner?
Choosing the right logistics outsourcing partner is crucial for success. Surprisingly, many companies get this wrong by not taking enough time to carefully evaluate their options. Logistics outsourcing has become more complicated due to industry challenges like driver shortages and limited warehouse space…