What Is The Easiest Way To Cut Warehousing Logistics Cost To Minimum?
Very few companies seem to have enough warehousing space. Almost 80% of the companies I have interacted with as part of my projects (and that number runs in thousands, when you count the suppliers, customers and other supply chain partners of clients and customers) have sometime or other complained about running out of warehousing space.
What is the Most Effective Strategy to Massively Slash Shipping Freight Costs?
Freight costs reduction is almost always the last frontier in the cost reduction landscape. At the board level, most companies do not pay much attention to their external freight costs. These costs never get the attention they deserve because they are scattered all over the place, and generally out of sight. What if I told
Any One of These Five Confusions in Your Company Could Wipe Out the Entire Profit for the Year
There is no doubt that confusion results in loss of action. Because clarity is the basis of all actions. Clarity gives you confidence and confidence results in action. Imagine a scenario where you need to make a decision and, to make a decision you need information, some of which is missing. Generally speaking, you will
My last post “Supply Chain Confusion could kill your business“ generated several great comments from highly qualified professionals around the world, and in this post I want to explore the reasons for the confusion. Obviously, the confusion is debilitating, and unprofitable. I am sure readers will have their own experiences with the confusion in supply
Use Monte Carlo Simulations to Quickly Model Costs and Influence Stakeholders
By Doug Hudgeon The Cost Reduction Tip Taking your business down to its lowest possible operating cost typically involves changing (usually simplifying) processes. When preparing a business case for changing your current processes, it is usually easy to nail down system costs but people costs are almost always problematic. Even if you believe you can
Supply Chain Relationships- Partnerships or Partnershaft?
By Stuart Emmett Note: Stuart Emmett co-operated with our very own Vivek Sood to co-write the book GREEN SUPPLY CHAINS – AN ACTION MANIFESTO. This book was one of the first books in the world on the topic of Green Supply Chains, and as such is used in Universities around the world for executive training and