Articles
3PL
3PLs Deliver on the Global Promise
Businesses need many qualities to succeed in today’s global market, but uniformity, consistency, and flexibility are the most critical. Strong organizations leverage these qualities to capitalize on the economic benefits of worldwide sourcing and distribution, while satisfying their customers’ needs—whether the customer is around the block or across the ocean. Best-of-breed 3PLs share the same […]
Read MoreThe Five Inventories: Invisible to Customers, Crucial to the Bottom Line
Investment sage Warren Buffett once described business as a vehicle in which the rear-view mirror is always clearer than the windshield. He was right, and mismanaged logistics is the reason for the mud on the windshield. Failure to see and manage global supply networks in response to demand makes for muddy business indeed. In the […]
Read MorePremium Freight: Costly Expense or Strategic Initiative?
Today’s lean manufacturing environment, shaped by just-in-time stocking and razor-thin margins, has made the use of premium freight a daily reality for manufacturers. Though once used only on occasion to protect plants, shipping goods via premium freight is now a regular occurrence. While this shipping method can be expensive, manufacturers that incorporate premium freight as […]
Read More8 Steps to Protecting Against Parcel Fraud
Parcel fraud is currently one of the most disregarded crimes in American business. But with an estimated $400 billion in losses per year due to employee theft, parcel fraud should not be overlooked. The most obvious type of parcel fraud occurs in the workplace, with crimes ranging from the seemingly harmless—shipping personal packages on a […]
Read More5 Best Practices to Boost Import Efficiency
In today’s heightened security environment, where cargo entering the United States faces ever-increasing scrutiny, importers must tackle many challenges to keep goods flowing through international trade. The complexity of moving commerce in a safe, quick, efficient, and compliant manner is frequently overlooked. The processes behind importing often cause confusion and frustration for all parties involved, […]
Read MoreIt’s Capacity Crunch Time. Can Multi-Shipper Collaboration Help?
Everyone knows a hot commodity when they see it—demand is high, supply is low, and price is no longer an object. So what is currently the hottest commodity in the motor freight industry? Capacity. Forgive me for stating the obvious, but capacity is tight. Trailer and driver shortages, the uncertainty surrounding the new Hours of […]
Read MoreMission Possible: Expand Business Without Adding DCs
Suppose you are in charge of supply chain management for a retailer with 1,150 store outlets, eight distribution centers, and a network of 600 vendors. You are tasked with building the optimal supply chain to support three times the current business volume seven years from today. The DCs are already jammed with inbound shipments and […]
Read MoreService Parts & Logistics: Should You In-source or Outsource?
When the silicon wafer fabrication machine breaks down and computer chip manufacturers face costly losses, how long will it take until those machines are running again? In today’s lean business environment it may seem that only those companies with boundless resources can maximize the up-time of their critical business equipment. Thanks to innovations in the […]
Read MoreOptimize Your Transportation Program for Greater Efficiency
Transportation is usually the largest cost in a company’s logistics budget. In fact, two-thirds of the spend is often for the movement of raw materials and finished products. Managing these costs has become increasingly complex because of radical changes within the transportation industry. Some variables that have a major impact on the cost of transportation […]
Read MoreOutsourced Manufacturing Changes the Face of 3PLs
The debate over outsourcing American manufacturing jobs to overseas workers continues to stir controversy in politics and business. Economists argue that offshoring is the only way to save American industry; the money saved frees capital for research and development and creates top paying jobs. The political entities, in the interest of both the already and […]
Read MoreThe Logistics of Doing Business in China
Earlier this year, one of the United States’ most famous apparel manufacturers closed its last U.S. manufacturing facility. Like many companies, it now relies on plants in countries across the world for manufacturing. At least one is likely to be in China. China already accounts for a vast amount of the world’s production, including 75 […]
Read MoreKnowing What and When to Outsource
Anyone who has visited Kansas City to savor down-home cooking and fried chicken will recognize the tag line, “We Choke Our Own Chickens” as belonging to Stroud’s restaurant. Marketers say that you have to be on the edge to cut through all the clutter, and I think you will agree that Stroud’s slogan has done […]
Read MorePenetrating the U.S. Market With No Warehousing Investment
Warehousing just got a major facelift in the global supply chain world. Companies are starting to globally expand their product markets without the added weight of materials management, warehousing and distribution costs—and without adding staff in new markets. An excellent example of this new logistics trend is a Middle East manufacturer of ready-to-assemble consumer PVC […]
Read MorePlease Don’t Squeeze the 3PL
When is it practical to develop a cost-plus relationship? Many companies that outsource spend up to 60 percent of their logistics management time defining, selecting and negotiating the 3PL agreement yet do not fully realize the total benefits available from the outsourced relationship. The cost-plus agreement must allow the outsourcer to maximize the ROI from […]
Read MorePulling the Profit Lever of Spare Parts Logistics
Like many supply chain professionals, you probably rarely, if ever, consider the world of spare parts logistics. After all, why should you? How could you know that strategic logistics planning of your spare parts inventories will increase revenues, reduce costs, improve profitability, and have a direct impact on both the top and bottom line, while […]
Read MoreBecoming Truly Global: 3PLs Face New Challenges
The challenge of heading a global 3PL must be influenced by both an understanding of North American logistics and by a personal desire to help define the role of logistics. The future of freight forwarding depends on the partnerships and collaboration that can only be delivered by third-party logistics providers who have the capability to […]
Read MoreRetailers Take Outsourcing to the Next Level
As the economy creeps forward, retailers must focus on taking control of their supply chain functions. This sounds like a no-brainer to those of us who work day in and day out on tightening the supply chain. But the fact is, many retail organizations are simply not set up to get a good view of […]
Read MoreSix Ways to Grow in a Down Economy
In the 1990s, it looked like we could do no wrong. The economy was growing. The stock market was rising. Venture capital was plentiful. Young people became instant millionaires in the dot.com world. Then came the new millennium and somehow that all changed. The economy started to shrink and layoffs became commonplace. The stock market […]
Read MoreWhat’s Next in Outsourcing’s Evolution?
Regardless of the complexities of Darwinian theory, it is easy to find similarities between the evolution of man and outsourcing supply chain functions. After all, there was a time in my career when “postponement strategies” seemed as foreign a phrase as “australopithecines” (an extinct humanlike primate). What was once fancy speak now seems no more […]
Read MoreOrchestrating Successful Product Launches
Successful product launches are like a well-orchestrated symphony. Each instrument must work in harmony to produce the melody, and every musician plays a critical role. As the conductor of a product launch, you want flawless orchestration, but getting products to the retail market presents many challenges. In today’s economic environment, companies cannot afford any missteps, […]
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