If you’re new to the idea of just-in-time logistics services, the basic concept is to align manufacturing, fulfillment, and shipping timelines with customer demand to reduce waste. In most cases, it can help you target your business goals more quickly. Businesses that implement it can see as much as a 9 percent increase in profit…
Supply chain management is a rapidly changing market, and today’s 3PLs need to adapt to keep up. 57 percent of companies believe that supply chain management gives them a competitive edge, and they’re right. Reducing supply chain costs by 5 percent has the potential to double profits. These value-added services make order fulfillment easier for…
Kitting is a great value-added service as it combines existing product into new configurations that allows for customers to select their exact specifications needed. And you don’t need to have any additional hands to make it happen when you work with a third-party logistics provider. But that’s just one reason why you should add it…
Accurate and reliable inventory management is a major key to success in your business’ supply chain. If you don’t have enough product on hand, it can take an unreasonably long time to get it into the hands of your customers. And if you’ve got a huge amount of safety stock, you’re likely overspending on warehousing…
If your warehouse isn’t using a cutting-edge warehouse management system, your business is missing out on a lot of insight, productivity and functionality. Whether you’re a small operation working with a 3PL partner or a big retail player with a warehouse of its own, you should be looking into what a WMS can do for…
All industries have been experiencing fluctuating circumstances since lockdowns began, which has created a lot of obstacles to overcome. But while many industries seem to be experiencing a calming of the waves, the automotive industry continues to rattle. Why? And what can you do about it in the coming year? Short Product Lifecycles While this…
Supply chains have seen a lot of change in the last few years. Will that trend continue? Every moment you have of advance notice can help your business prepare. So, without further ado, here are just a few things we’re expecting for the logistics industry next year: Stock Shortages Turn to Oversupply The economy is…
In a modern warehouse, optimization is key. You don’t want to be running out of product when a client wants it or paying for empty space unnecessarily. But there are quite a few factors that can upset the delicate balance of such a complex space. If you don’t watch out, they might become a logistical…
The final mile of distribution as your products arrive at your customers’ doors is pivotal. If they wanted to travel to purchase a product, they likely would have locally. So, it’s key to make the interaction a good one for the customer. But there’s a lot that can stand in the way. Here are some…
For a business, efficiency is the key to success. Keeping a cap on weaknesses while taking advantage of opportunities and strengths in your workforce are the best ways to build a business that grows. Handing off your supply chain management to the experts is a great way to do just that. Here’s how: Decrease Shipping…
