Knowing your supply costs is essential, just like understanding your service costs. Knowing the expenses influence pricing and efficiency. It will help you make informed decisions that benefi…
Cost Saving
How to STOP Order Profitability Leaks – Logistics Costs
In my 30 years of consulting, I’ve seen how poor visibility into customer and product profitability can lead to major cost leaks in logistics and supply chain operations. The reality is that many businesses are unaware of how much money they’re losing through their supply chain because traditional reporting systems don’t give them the necessary insights. In fact, I’d estimate that 10–30% of customer orders in most businesses are actually loss-making, but many organizations don’t recognize it…
Easy Logistics Cost Reduction – But Few People Do This
Let’s break down the complexity of logistics costs. There are so many factors involved, from procurement and inbound shipping to warehousing, inventory management, outbound transport, and delivery. It can feel like you’re juggling too many things at once, making it difficult to know where to focus…
Is Your Supply Chain Leaking Cash?
Your supply chain could be losing money without you knowing. Profit leaks might be happening in areas that are often overlooked. Pinpointing these leaks can be simple once you know what to look for…
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…
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 Operate Your Distribution Truck Fleet at Less Cost
Trucks and vans are not cheap to run, so if you can save even a little on the cost of operating each vehicle in your fleet, those savings can mount up to a lot—and the more extensive…
Supply Chain Profit Leaks in Real-Life
How to identify and fix your profit leaks? Here’s a real-life example…
Profit Leaks in Your Supply Chain
All Supply Chain leak profits. Some really badly! And most organizations don’t know how bad those profit leaks are…