Articles
Finance
Bringing Insight and Savings to a Retailer’s Freight Spend
AFS helped an agricultural supply retailer achieve freight savings through spend optimization and a more flexible carrier mix, as well as gain benefits from an automated shipping process.
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Transportation Spend Management in 2022
Shippers using data intelligence can often insulate themselves from transportation management challenges and at the same time, reduce logistics costs. Here’s how:
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Fortune 500 Company Takes Control of Inbound Program
Tucker Company Worldwide provided a petroleum refiner oversight and control of its shipments—reducing freight costs, increasing flexibility, and ensuring safety compliance.
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S&OP: Bringing the Outside In
Sales and Operations Planning (S&OP) is an integrated business management process through which the leadership team continually achieves focus, alignment and synchronization among all functions. This ensures that supply meets demand while the organization meets general business objectives, including profitability, productivity, competitive customer lead times, and others.
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Choose a 3PL with a Culture and Vision that Match Your Own
Transportation has often been considered a commodity. Equipment, fuel, software, and wages are all very similar from a cost perspective. A 3PL’s culture can be a competitive advantage. Q: Why does culture matter? A: Today, cost is just one of many factors to consider when selecting a 3PL. A low-cost provider may produce short-term savings […]
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Pulling Levers and Finding Value in Transportation
Value is not always easy to measure. It’s the same when discussing transportation costs. Lowest cost is not always the best, as poor quality can cost you much more. Corporate supply chain managers need to understand which levers to pull so they can get the best value for every transportation dollar spent.
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Reducing Inbound Freight Costs and Improving Accounting
Q: How can our company account for inbound freight costs on our month-end accrual reports? We prefer to route our own freight and use our own third-party carriers for these collect orders. A: Unfortunately, you are experiencing an industry-wide issue. Pre-rating based on purchase order information can pose a real risk. Your purchase order may […]
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Supply Chain 4.0 Needs Order-to-Cash 4.0
Industry 4.0 has been given a renewed sense of urgency following the pandemic. Industry 4.0 refers to the massive changes we see across every industry as a result of new technologies, such as smart sensors, predictive analytics, and artificial intelligence (AI). By extension, we see a technological shake-up with supply chain 4.0 and cash management 4.0.
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Solving Distributor Liquidity Shortages
The pandemic is inflicting financial hardship on the supply chain—from manufacturers down to the end consumer—with particular pain for distributors, who are the critical intermediary agents responsible for delivering goods from producers to retailers and other businesses that sell to consumers.
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Lessons Learned: Risk Mitigation Strategies for the Future
Companies can help avoid at least some of the pitfalls of supply chain risk—including COVID-19—by developing risk mitigation strategies such as supply chain mapping.
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