Many companies have used supply chain technology to improve their operations. By implementing logistics and supply chain optimizations, businesses are able to cut their costs by up to 40% while simultaneously improve their performance. The upfront cost is not cheap, but the long run ROI can be extraordinary.
It seems everyone is discussing “advanced analytics”, but if there is such thing as advanced analytics, then there has to be a non-advanced analytics, too. Not only is no one talking about non-advanced analytics, but no one seems to know what exactly “analytics” itself means.
Most aren’t aware of the advancements made every day in the wireless world. Most also aren’t aware that “wireless” does not necessarily have to be about internet and cell phones. In fact, some of the most impressive wireless advances are in the warehouses these other technologies are stored and shipped from – warehouses! Because of […]
In a survey of 250 senior supply chain and distribution managers, it was found that each average mis-pick costs a company $22, and that more than half of the companies have a mis-pick rate of less than 97%. This adds up to an average of just under $390,000 per year. Additionally, 19% of those surveyed […]
Companies may have once been compared to being similar to people, but in reality, all companies must have it in their marketing plan to become more likeable and humanized to gain the trust of their customers. By becoming a more personable brand, you are able to be in a relationship with your customers. This company-customer […]
Most attention to product is paid at the beginning of its lifecycle, or at the volume-shipping part of its lifecycle. Now, however, companies are beginning to understand that reverse logistics, or the returns or unsold products, is just as important to acknowledge because of various reasons, but most importantly, because of profitability of products and customer […]
Diesel fuel is on the rise once again and has been seen to increase nearly ten cents in one day. This makes it difficult to predict spending from week to week and save accordingly. By implementing these nine simple suggestions, you can save money on fuel, free up cash flow for your business, and also […]
Warehouse Management Systems (WMS) have developed far beyond tracking stock in and out and physically keying data records. WMS now has cutting-edge rules, real-time continuous integration into associated business applications, and straightforward interfaces for computerized equipment and mobile technology.
It has been shown that more than 60% of the total direct labor associated with warehousing is found in order fulfillment. Because of this, the best ways to save money in your warehouse are found within the picking area. When the pick area is optimized fully, there can be considerable savings in time, money, and […]
Pharmaceutical theft has decreased dramatically over the past few years. In 2009, the average for each burglary was $4 million and since has dropped to $120 thousand. This is a 30x reduction in only four years’ time and the number of incidents has also been cut in half.