The modern supply chain continues to seek more cost savings and greater transparency and efficiency in all processes. While large, centralized systems have been created to manage the flow of goods and data, a single problem remains.
The benefits of outsourcing logistics processes to a third-party logistics provider (3PL) are well documented. As the world’s economy has become increasingly complex, it has become impossible for a single entity to control all of the warehousing, transportation and administrative tasks that come with shipping and managing inventory.
Reusable packaging may be the one most effective way you can manage your costs better. It seems that no matter what industry you are in there is more and more buzz about the advantages of using reusable packaging and rightfully so.Reusable packaging goes far beyond just reducing packaging costs.
Gainsharing has been a topic of both criticism and acclaim throughout the business world, and the same is true for gainsharing in logistics. Initially, gainsharing seems like an amazing means of growing your business, but it can prove to be exceedingly difficult to manage and even more difficult to profit from.
Download the 8 Big Factors to Consider for Efficient LTL Shipping e-Book!
If you are a shipper who regularly ships via the over-the-road mode of Less Than Truckload, also known as LTL, you understand there are a lot of moving parts to have efficient LTL Shipping.
Editor’s Note: This is a guest blog from out good friend Adams Nagar. Adams Nager is an economic research analyst at the Information Technology and Innovation Foundation. Areas of interest include international competitiveness, macroeconomic theory, STEM education policy, and high-skilled immigration issues. Prior to ITIF, Adams was a student at Washington University in St.
While LTL shipping may have been the gold standard for shippers in the past, more shippers are starting to turn to a combination of parcel and less-than-truckload (LTL) shipping to cut costs and drive profits. However, the age-old rule of packages of less than 150 pounds being designated as small package or parcels is evolving.
Less-than-truckload (LTL) shipping is one of the most efficient ways to move shipments when you cannot justify the cost of a full truckload. Unfortunately, shippers may be losing money on LTL shipping if they do not know how to maximize efficiency and cost-effectiveness in each shipment. According to Joe Lynch, shippers face many challenges and problems in LTL shipping.
LTL carriers are under an increasing amount of pressure. Shippers and customers want lower rates. The government is increasing the regulations for truck drivers, and the volatile economy is making it difficult to assess what tomorrow’s rates may be.
Maintaining the best possible fleet for your shipping needs requires vigilance and the tracking of specific measures across their performance. If you do not know how well your carrier performs, explains Merrill Douglas of Inbound Logistics, you cannot determine if you are actually seeing a positive return on investment.