We all hope it will never happen, but if not carefully planned and systematically obeyed a company’s logistics can be affected by an emergency situation. Such events such as employee strikes, weather, and terrorist attacks can disrupt and stop freight and delay customer shipments.
While searching for ways to lower their costs, most will not look at a large percentage of their expenses. This is a surprise since this particular piece is up to 40% of a company’s annual freight budget, depending on the firm’s industry and size. Know what this often overlooked savings opportunity could be?
Of course you do. Everyone wants to yield more profit from their businesses, but it seems to be getting more difficult for supply chain and logistics. It takes work, but it is absolutely doable to do so, even in today’s economic environment. Taking lessons from other companies’ supply chain transformations will ensure success.
Big data is kind of a big deal right now, but there are so many different definitions and opinions on what exactly “big data” is and what it really means in context. Did you know there were 7 different types of big data to know and identify in the business world? It’s true, so now […]
It is no surprise that all companies are trying to find ways to cut costs while simultaneously improve their operational efficiency. It’s not an easy task to undertake, but this is especially true of those in the pharmaceutical industry. Those who are in pharma supply chains are in a rush to improve efficiency as soon […]
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 […]