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…
A supply chain coach is designed to help companies maximize their supply chain performance. This involves providing guidance on unfamiliar processes, optimizing existing ones, and training junior management to prepare them for leadership roles. Coaching is particularly valuable for small to medium enterprises that can’t afford a full-time supply chain manager or director. These businesses can access expertise without the high costs of hiring permanent staff…
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…
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…
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…
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