Articles
3PL Line: Third-Party Logistics Perspectives
Freight Payment: Getting Back to Basics
At the beginning of the new millennium, many freight payment companies added the latest “whiz bang” gadgetry to their information systems or freight payment products. Now, those companies’ disappointed customers want their providers to get back to basics. Although information tools remain important, freight payment basics are now the priority. Today, shippers seek a freight […]
Read MorePremium Freight Makes JIT Fit
Just-in-time (JIT) manufacturing is a tremendous advantage—when everything works perfectly. But what happens when the supply chain falls out of sync—when an overseas supplier has equipment problems, environmental factors delay deliveries, or defective parts are discovered on the assembly line? How do suppliers avoid chaos and keep JIT production rolling? One solution is premium freight—last-minute […]
Read MoreMinimize Total Landed Cost: Strategize, Model, Act
Total landed cost is the sum of all costs associated with making and delivering products to the point where they produce revenue—usually your customer’s door. So, if you employ tactics to reduce costs in all discrete functions from manufacturing through delivery, you’ll have a lower total landed cost, right? Theoretically, yes. But in the real […]
Read MoreSelecting a Logistics Supplier? Think Supple
We all know why companies outsource logistics functions—outsourcing should allow them to save money and focus on their primary goals. “Should,” however, is the operative word. To turn “should” into “does,” companies need to partner with a supple supplier. What is a supple supplier? One that has no set ideas on best practices when providing […]
Read More3PLs 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 […]
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