Retail Logistics: Why Timing is Everything
Timing is everything in the retail logistics and transportation industry. Many retail stores struggle to break even in down months and make the entirety of their annual profits in short, frenetic periods each year. Having the right products on the shelves when they are most valuable can mean life or death for any retailer, whether it’s the summer boom in lawn equipment and air conditioners at a hardware shop or having the newest titles on the shelves at a gaming outlet. Ordering too far ahead of schedule can mean as much of a loss as ordering too late—even in periods of low sales, wasted shelves equal lost profits.`
Logistics and transportation must be carefully handled at all stages for a store to achieve maximum profits. On the store’s end, this means careful pre-planning, beginning at least a few months in advance of hectic sales seasons. Important steps in retail planning include:
- Researching products
- Gauging potential sales
- Developing sales and advertising strategies
- Contacting suppliers
- Completing negotiations
- Arranging shipping
- Receiving products and advertising materials
- Shelving products and preparing displays
Several of these steps can be quite difficult without retail logistics and transportation support, but missing important products, over- or under-estimating interest in products or failing to complete negotiations and receive necessary items in a timely manner can all be devastating. Forgetting to order point-of-purchase displays for a major product until the week before the product goes on sale, for example, might make the difference between clear shelves and a full stockroom.
Holidays are of particular concern for any retailer, because as the most vital season for financial success they are also the most likely place for problems to crop up in your logistics and transportation. Perfect preparations store-side can fall apart completely if the chaos of the season overwhelms suppliers, transporters or other parts of your logistics chain. Major logistics and transportation firms fail to deliver express packages on time roughly 10% of the time and lose between 0.5% and 1% of packages every year. Those numbers become even worse during intense seasons.
Having specialists manage your logistics and transportation chain can greatly reduce the odds of delayed order completions and missing shipments. STC Logistics maintains a better than 99% on-time delivery rate to customers in locations across the nation. We offer shipping by air, sea, rail and road and can handle complex large-scale distribution and small daily shipments with equal ease. By working with over 700 logistics and transportation affiliates in and around transportation hubs across the United States, STC Logistics can manage time-sensitive shipments with high precision and reliability. To learn more about our logistics services, click the button below or contact us today for your rate quote!
Retail Procurement: Preparing for the Holiday Season
As the holiday season approaches, gifts and displays have been pouring into retail distribution centers. To be well organized for each upcoming holiday season, retailers must implement smart planning throughout the entire year, usually beginning in August. This will allow retail procurement to find the correct balance for Black Friday and Cyber Monday shopping sprees, as well as the remainder of the holiday season.
The simple steps to the procurement lifecycle that most individuals generally agree upon are as follows.
1. Information gathering
2. Supplier contact
3. Background review
The most important aspect of smart planning in retail procurement is to order the correct quantities of products thus ensuring renewal demands are met. This includes contingency planning for natural disasters and consumer spending habits that can cause logistical disruptions. The goal of smart planning is to capture the greatest number of sales without being overburdened with excess stock.
In recent years, retail procurement has learned to balance merchandise by improving the overall supply chain. This accounts for improvements in the amount of products to purchase/manufacture, where to place them and how to get them to the stores. Two major contributors to these improvements are technology and flexible agreements with shipping lines.
For brick-and-mortar stores, the key to a perfect holiday season is for retail procurement to predict the number of each product the company requires at each retailer. Although there is an arbitrary calculation, the correct answer varies greatly per location. The greatest challenges for retail procurement to calculate the correct quantities include:
- Short timeframe
- No selling activity to indicate buyer behavior
Point-of-Purchase (POP) Displays
In addition to smart planning by retail procurement for products, companies must also create a strategy for POP displays which help drive costs from the supply chain. As a mechanism for advertising, POP displays create value in the retail stores with low labor cost. Therefore, these displays must arrive at the stores concurrent with the products to ensure a timely advertising campaign during the holidays. Therefore, it is critical that upstream logistics is involved in POP display design timelines as assembly and shipping is a major aspect of the process; not just design.
Consumer package goods companies want the POP display to differentiate from the competition through vivid colors and sharp graphics. In many instances, design creates the POP displays to be so complicated to assemble that it adds considerable labor costs, as well as time. In an effort to ship on-time, in some cases, logistics must use expensive transportation methods like air shipping.
Nevertheless, by including logistics and retail procurement in the design and production timeline, POP displays could be scheduled more efficiently to accommodate more cost efficient delivery avenues. By allowing 3PL’s to assist in mapping out the most advantageous transit schedules, improvements will allow for the most intricate displays to still have adequate assembly times.
Shipping POP Displays
Like any other product, there are certain precautions that must be taken when shipping POP displays which should be built into a contingency plan. During transit, shock and vibration can jostle and even damage the display, dirt and dust can collect, corrosion can occur (depending on the material) and exposure to a variety of temperatures can affect the overall appearance or functionality. Therefore, correct testing, proper protection and evaluation of the shipping routes will assist in ensuring safe transportation of the POP displays to their required destinations.
STC Logistics specializes in shipping retail procurement items like POP displays. We pride ourselves on the principal that when we ship your product, it is delivered on-time, 99% of the time. We are a trusted logistics provider for the retail industry and have a successful track record for reliable and flexible logistics solutions. Contact us for all of your holiday shipping needs here or click on the button below!
Shipping Medical Equipment with a Reliable Logistics Provider
For those who are in the medical industry, the partnership created with logistics professionals can impact the way that life and death decisions are made. This could involve moving new medical equipment, pharmaceuticals, biological samples heading off for lab analysis or life-saving artificial organs. While saving lives is always the top priority, there are many risks involved in the transport process that can affect the reliability of those goods.
While there is a lot at stake in regards to the life saving capabilities of doctors by transporting artificial organs or medicines efficiently, there is no greater risk during the supply chain process than when medical equipment is being moved. In fact, just one piece of medical equipment can cost millions of dollars. Fortunately, the best and most reliable logistics companies know how to deal with such matters accordingly.
With the integrity of expensive pieces of medical equipment being at stake, a company’s ability to transport such equipment safely begins with better organizational practices. Technology plays a huge role in this through the deployment of cloud-based enterprise solutions that make the organization of medical equipment inventory simple while creating a lightning-fast internal communication stream to forward concepts such as:
- Stocking locations
- Special packaging and handling instructions
- Temperature control instructions (when applicable)
- Real-time tracking information
- Delivery confirmation electronically of all medical equipment
Being able to provide detailed reports about how a shipment is being organized from beginning to end will not just lend credence to the abilities of the logistics company, but will also help them to save time and money for their customers.
Creating an Air of Complete Transparency
It is important that the customer is able to see the nature in which their medical equipment is being shipped just as much as it is for different parts of the supply chain to be on the same page. Fortunately, the same cloud-based systems used internally can be made accessible to customers as well. From any internet capable device, the customer could look up information about their shipment including but not limited to, tracking status, the scheduled delivery time and who signed for delivery. With the right digital solutions, logistics outfits make it easy for their clientele to feel completely comfortable with how their situation is being handled.
Responding With Adaptability
Just as there are certain precautions that must be taken when handling hazardous chemicals or other temperature sensitive goods, the same meticulousness must be applied to the handling of medical equipment. There are some pieces of medical equipment such as x-ray machines or MRI devices that are extremely sensitive to problems such as:
- Vibrations or jostling during transit
- Dirt and dust
- Corrosion or oxidation
Since even the smallest transit issues can lead to medical equipment needing to be recalibrated or becoming unusable, logistics companies respond by offering packaging assessments. Suggestions for the use of foam packaging, including bumpers and floating bases, both of which can effectively cushion equipment properly, adequate crating, and weight distribution. This, combined with accurate dimensions and weights, valuations and pictures will allow even the most sensitive pieces of equipment to be handled properly.
A Complete Solution:
The most reliable logistics companies know how to handle all aspects of medical equipment shipping. This means that their customers can count on complete service solutions. Thanks to concepts like proper packaging, real-time tracking, and white glove service, these delicate yet expensive shipments will always be handled with grace. STC Logistics is a trusted provider of logistics solutions for the medical industry. Call us at 1-800-547-4324 or click here to learn more.
The Impact of Mobile Technologies on Logistics Solutions
There are many things to consider when hiring a third party logistics company today. While the basics involve utilizing air, land, or sea transportation to move goods from one point to another, there are many intricacies that are added to the process in order to increase efficiency—both for the customer and the logistics company itself. With shifting trends and the notion of new logistics technologies being ever present, there are many concepts that are improving the way freight gets moved.
Overall, the most revolutionary changes that are happening in logistics technologies today are widely due to advances in mobile logistics technologies. In the past, there were only primitive ruggedized devices that were specifically put into use for supply chain environments. Now, the lines between consumer and commercial grade equipment are becoming blurred because of new logistics technologies. This provides customers, as well as professionals, with crucial solutions to improve processes in every step of the supply chain.
Technology and Logistics in the Warehouse
The utilization of mobile logistics technologies in the warehouse has completely changed the way that companies think about setting up, as well as sorting and segregating inventory. With a single smart phone, warehouse employees are now able to:
- View inventory counts remotely
- Scan inventory both short and long range
- Use voice activated commands to conduct operations hands free
- Send information through the cloud for instant results
- Track and trace transportation itineraries and transit times
Another warehouse trend that cloud-based logistics technologies have set is the use of complete mobile solutions. Because logistics technologies have spider-webbed into so many devices, warehouse teams can now use smart phones and tablets in combination with mobile printers. These scanning devices enable the warehouse workers to reduce the need to move back and forth to different stations in the warehouse. This eliminates issues with sorting, segregating, picking and packing, setting up RFID solutions, scanning barcodes and printing.
For the Customer
Mobile logistics technologies have made the customer end of logistics more productive than ever before. With app development at an all time high, the customer now has more information at their fingertips than ever before. These logistics technologies allow the customer to forgo contacting 3PLs directly in regards to queries such as:
- Inventory quantities
- Price quotes
- Real-time transit status updates
- Delivery times
- Confirmation of POD
Tracking has always been a huge issue for customers until recently because there was little information available without making hard inquiries by phone. But now, trucks, trains, ships, and planes can be outfitted with GPS trackers that the customer can dial into from their smart phone to see exactly where their freight is. This allows them to not only satisfy their curiosity, but plan accordingly based on suggested arrival times.
For the Driver
Utilizing the same type of logistics technologies, truck drivers can now perform many functions with far greater efficiency. Smart phones allow drivers to accurately capture customer signatures upon delivery, track their hours, and even examine statistics about their driving performance. GPS systems can also provide real time data about traffic situations so that they know about areas that should be avoided to achieve shorter transit times.
The Wave of the Future
The smart phone based logistics technologies available today are completely changing the way that everyone thinks about logistics. It is even paving the way for other advances in the future such as 3D printing and greater use of green solutions. For now, 3PLs and customers alike can enjoy the way that mobile logistics technologies has helped to improve the process overall.
STC Logistics utilizes the latest in technology for all logistics solutions. Contact us today to get a quote for your next shipment!
Photo credit: manufacturingdigital.com
The Importance of Reliable Pharmaceutical Logistics Practices
While logistics is a most crucial matter to companies in any industry, getting pharmaceutical logistics solutions right can be a matter of life and death, depending on the situation. Hospitals, primary care physicians, urgent care facilities, pharmacies, and a number of other establishments need to have medicines readily available in order to care for their patients; sometimes for life threatening situations. Fortunately, the top pharmaceutical logistics companies have specific services tailored to the unique demands of this industry.
Shipping Checks and Balances:
Whether pharmaceutical logistics solutions involve goods that are being shipped by air, land or sea, the most reliable companies will take measures to ensure that cargo arrives promptly and in one piece by performing the following procedures:
- Creating temperature controlled environments
- Utilizing the correct padding, boxing and stacking methods to prevent jostling or breakage
- Taking extra security measures to ensure the correct parties are handling and receiving the goods from when the cargo is picked up until it is delivered
- Offering several transport methods to offer rush delivery if necessary
By offering such a broad range of shipping services, the most elite pharmaceutical logistics companies can help customers with even the most specific needs. This allows their patients to receive the medicine they will ultimately need for recovery. Even under strained circumstances, there are always pharmaceutical logistics choices that top providers can decide on to ease stress of those who need the product the most.
Companies that offer all of the most reliable and trusted pharmaceutical logistics solutions are also experts at knowing how to manage even the most complicated of orders. These notions go far beyond getting the timing, packing and shipping methods correct. Customers in the pharmaceutical industry have specific demands that need to be met in a timely manner, and pharmaceutical logistics companies can respond successfully by offering the following:
- Specialized freight management solutions to prioritize each shipment based on customer needs
- Tracking with technology that allows up to the minute real-time reporting so that customers always know where their shipment is
- Vast and far reaching distribution services to ship any freight just about anywhere in a specific time frame
- White glove services that compliment courier, fulfillment, delivery and customer service solutions so that both the merchandise and customer are treated with respect
Pharmaceutical logistics companies are aware that there are not just lives, but a tremendous amount of money at stake with each shipment. One false move can cause a shipment of medicine to break, expire or end up lost and can result in a loss of tens or hundreds of thousands or even millions of dollars. This is why the nature of the pharmaceutical logistics solutions that specialized companies offer is so vast.
The Importance of Building Trust with Your Logistics Provider:
When handling incredibly sensitive materials, there is nothing more important than facilitating an air of truth between customer and pharmaceutical logistics providers. While the act of trust may begin with promises, it always ends in the deeds of both parties involved in each transaction. This is why top pharmaceutical logistics companies go above and beyond the call of duty to ensure long and lasting relationships. Successful logistics companies dealing with the pharmaceutical industry pride themselves on building a series of connections with lifelong customers who trust many of the lives of their patients to the overall performance of the logistics company itself.
STC Logistics strives to continue to be a trusted partner for pharmaceutical logistics solutions, including air shipping and ground shipping. Contact us today to learn about all of the logistics solutions that we can provide for your pharmaceutical shipping needs.
The Impact of White Glove Service for Logistics Solutions
There are many different types of freight being shipped every day across land, air, and sea channels. Some items tend to be far more fragile than others,thus require specialized attention in order to prevent an imminent disaster. The most ideal logistics solutions needed for cargo of the most delicate nature will come from carriers who embrace the concepts behind white glove service and understand its overall importance. As a result of such diligence, any business can feel secure knowing that their logistics affiliates are willing to take the time to carefully secure, handle and transport their cargo based on the unique physical attributes each shipment possesses, as well as the price tag of the items themselves and the time-sensitivity they require.
Countering Potential Shipping Issues:
Just as different types of freight require different levels of hands on attention, each unique shipping method offers its own challenges regarding the way that freight must be handled. Fortunately, the use of white glove service presents a measurable counter for any potential threat that may or may not occur during all steps of the shipping process. Direct line-haul service can be used to minimize transfers, while special attention can be given to pick up and delivery methods. Transit times are reduced and your freight is tracked consistently to ensure on-time deliveries of your most time-sensitive cargo.
When moving shipments by truck, some of the preventable dangers that can be experienced on the road include:
- Jostling of freight that could easily cause it to crack, break, or otherwise be damaged – remedied by packaging and securing the freight with the proper equipment
- The ever present threat of getting into an accident while on road – accidents occur, but timeliness in recovering from them is determinant in completing the job.
- Problems that could develop based on the temperature of the cab depending on the type of freight that is being shipped – temperature controlled equipment and temp tabs can regulate and monitor these issues
- Theft or vandalism that could easily happen while a truck is parked at any location – inventory tracking technology, secure cross-docking facilities, locked trucks and video monitored loading docks are some precautions taken to minimize theft
Problems that could be encountered by sea are somewhat similar and include:
- Waves from bad weather conditions that could easily cause the freight to be bounced around – contracting the correct size equipment and securing cargo is important in preventing slippage
- Long travel times that could cause time sensitive freight to expire – by knowing anticipated transit times and the nature of the product, your logistics company can lead you to choose the best service based on your type of freight.
- Temperature issues, especially if freight is being kept below deck – remedied just as any temperature sensitive situation
The issues for freight moving by air are less serious, even though this is considered to be the safest means of transport:
- Jostling that could take place during take-off and landing – packaging practices are crucial
- Turbulence in the air – D-containers may be implemented to prevent moving inside the cargo space
Any business will find that logistics companies who pride themselves in offering white glove service can effectively combat each and every one of these issues. In doing so, such companies will assess if all items are neatly packed and secured with proper materials, all boxes are sealed correctly, delicate items are wrapped in the proper way, everything is loaded in the neatest order possible, and the correct type of shipping method used for particular types of freight. Packaging assessments should be made and solutions offered to your shippers so they can reinforce products prior to shipping. Without this level of service, there are too many potential disasters that could befall the freight in question which ultimately means lost time, lost money and unhappy customers.
By employing proper white glove service, logistics companies like STC Logistics are ensuring that those they work with will never have to fret in regards to even the most expensive or delicate types of freight. Because the top logistics outfits take their time to develop a unique solution, born in practices of white glove service and then custom tailor it for each and every item, it makes their service standards worth looking into. Because freight must ultimately be shipped in one manner or another, choosing the safest and most secure methods simply makes sense, which of course is precisely the aim of white glove service overall. Any company bold enough to embrace white glove service standards will be rewarded with personalized service, fewer pieces of damaged freight, faster shipping times, and happier customers overall.
To learn more about how you can safety ship the most delicate and high importance items from a trusted logistics provider, please click here.
New 3PL Technology Services Establish Flexibility and Reliability
The biggest challenge with any 3PL provider is the ability to report up-to-date feedback on the status of a clients’ cargo. This challenge requires a strong element of control when dealing with time sensitive processes. It is crucial that a successful logistics plan is in place for any manufacturing or distribution establishment. According to a survey by Ernst and Young, more than 5% of all sales go to transportation. It is obvious that most organizations and businesses desire to have their customers served in the most efficient manner. This is where the latest technology practices come in to establish flexibility and reliability in logistics.
3PL Technology Removes Complexity
In order to instill the right confidence in a transportation transaction, 3PL providers integrate new technology for capturing and analyzing data points along the supply chain. These data points include updates on preparation and planning, cargo dimensions, customer-specific instructions, packaging/handling, restrictions and destinations. All this information needs to be coordinated in order to track, trace and control the movement of cargo within a specified time frame. Without using new technology, this can be challenging to manage, especially since each cargo requirement is unique.
3PL Technology Integrates with Customer Processes
The value of the new technology that 3PL’s provide is very useful to the customer when they can relate it to their priorities. Many customers desire having the option to check up on cargo status as well as being able to specify times and dates for collection, storage and delivery. Most cargo deliveries are quite sensitive to the degree of where specific ambient conditions are specified and bound within a specific delivery time. Advanced 3PL companies present an integrated way of interacting with a system. Many allow their customers to interact with their orders in a real-time fashion which offers control over the period, the condition and the handling requirements for their cargo. This integrated approach presents the 3PL company as a reliable service that is respondent to a customer’s specific needs on demand. In turn this allows the 3PL to understand the dynamic needs of each client to ensure quality, service satisfaction and efficiency.
Value Added Features
It is reassuring when customers know the status of the cargo. In terms of location, expected time of arrival, status and condition, it is crucial for business to run smoothly. This information gives clients a confidence of service reliability since the 3PL company is committing to the customer service process. From the 3PL perspective, things might look a little hectic in meeting this requirement, but the best companies have adopted the following accurate practices:
- Monitoring the cargo through time-stamped status updates which reflect the condition and location of the cargo. Tracking information is relayed directly to the customer portal where it is reflected as real-time information.
- Tracing the whereabouts of cargo in the event that the delivery instructions change or there are unavoidable circumstances that would prevent timely delivery of the cargo. This is typically monitored internally and serves as a tool to pin-point cargo.
- Implementing a logistics plan allows for management and structure of the cargo. This ensures that odd-sized or delicate goods get specialized attention, that handling precaution has been made and that the cargo is moving by means of adequate transportation services.
Determining and Managing Transportation Methods
Premier 3PL companies use many methods of transportation; whether by sea, rail, road or air, their clients’ products, priorities and constraints are central to accomplishing a common goal. These methods allow 3PL’s the flexibility to respond quickly to time or budget critical orders. In order to serve all customers with integrated equal maintenance, accessibility to new technology practices is essential in allowing customers to plan effectively. The use of advanced technology allows all transportation schedules and parameters to be joined into one common operating system.
STC Logistics utilizes and offers to their clients, the most up-to-date technology programs and practices. Learn more about our shipping process by clicking here.
Retail Display Environments: The Role Logistics Play
Achieving success in retail display environments depends on various factors. Every retailer must have an exceptional logistics system in order to offer the best quality service to their customers. Logistics play a major role in sourcing and inventory management, among other key activities in the overall supply chain. A retailer should provide customers with products they desire at the correct quantities, the correct time, and the correct place. In order for a retailer to successfully carry out these activities they require a logistics provider who demonstrates sufficient experience and one that is staffed with experts who can solve any complex transportation issues as they arise. Along with offering the best competitive prices, maintaining standards of service are important when implementing the correct mode of transportation and are a key focus of a knowledgeable logistics team. Here are some of the reasons why logistics are important to every retail display environment.
Logistics allows the retailer to concentrate on other core activities
For a retail business to produce successful results, the company must be able to spend a substantial amount of time focusing on the management of their company. Too much time spent on dealing with their logistics efforts denies their staff the ample time they need to concentrate on other key activities; such as marketing, administration, customer care or inventory management. It is important that a retailer chooses a reliable logistics provider that is experienced and cohesive. This way, it is possible for management to give attention to other activities that are core to the retail environment.
Logistics increase retail efficiency
The most critical requirement of every retailer is having the ability to offer products at the right place and at the right time. With a good logistics provider, an eye-catching flow of goods will be displayed in and out of the store. Having a reliable relationship with your chosen 3PL will allow for last minute changes and a working relationship that allows you to be confident in your transportation decisions. This means that your company rarely suffers from unexpected damages or delays that can cause negative impact on both the business and the customers. However, it is important that you implement good store management techniques to avoid losses associated with poor stock management. Make sure that the various stock levels are communicated to your supply at the right times. If last minute rush orders are necessary, have a logistics team behind you to accommodate those requests. This will not only strengthen your total supply chain, but may go a long way in helping to avoid losing potential customers.
Transport expenses are passed to a third party
There are many overhead expenses that are included in the transportation of products. In addition to clearing and forwarding in the case of imported products being moved, you may have extra expenses that you haven’t budgeted for. This could become very expensive for a retail business. Teaming up with a dependable logistics provider who offers insight and risk assessment will allow you to minimize these expenses as well as other transport risks. Pre-planning is key in maintaining your budgets.
Goods in transit are stored goods
When goods are being transported from one location to the other, there are considered to be stored goods. A good logistics provider will allow your company to avoid extra storage costs until the goods arrive safely at the retailer of choice. Make certain to negotiate storage fees upfront and get to know you 3PL’s policies on timeframes.
Using a trustworthy logistics provider is influential on the amount of success resonated in retail display environments. Your 3PL should be aware that the primary role of the retailer is to offer products to customers on-time and undamaged and at reasonable prices. A reliable logistics provider like STC Logistics can help customers have more time to focus on proper retail management of their company by managing the behind-the-scenes transportation effort that goes into a successful retail campaign. In turn this will help increase the amount of retail efficiency within the company. STC Logistics can also assist in pre-planning your shipping schedules and accommodating budgets, while maintaining the highest level of service. They will work to cover extra storage expenses that typically aren’t covered by other logistics providers and give you a clear picture, upfront, of what costs may be incurred through different modes of transportation. Learn more about our adding STC to your team at: https://shipstc.com/domestic-transportation.html
4 Ways to Strengthen Your Supply Chain
Companies strive to minimize transport costs and maximize the ability to meet the needs of their clients to achieve success in their business. The most crucial step in this process is to execute an effective supply chain management system. This involves managing products to be transported, ensuring the correct method of transportation is used and establishing the most cost-effective route between the origin and the destination. These factors determine your capacity to derive value from using a supply chain management system.
In any good system, you ought to be able to measure performance and execution; otherwise you will not be able to assess whether value has increased or decreased in your company. Benchmarks are set to determine the acceptable limits of performance pertaining to different business environments. Try to follow these four guidelines to ensure your supply chain is operating smoothly:
Don’t Delay Your Delivery
Any company that implements supply chain management typically guarantees reliable delivery of raw materials and finished goods through use of a bid, which outlines job parameters and expectations upfront. This involves a close working relationship with suppliers, customers, shippers and warehouses. If any of these parties fail to perform their role on time, it is likely that the entire process will be delayed, resulting in direct consequences on all the parties involved. Establish your deadlines early on and monitor production schedules to ensure a reduction in delays.
Keep Strong Relationships
Another fundamental component in having an effective supply chain is to have lasting relations with suppliers and customers. This means you should have stable prices available. The inability to guarantee stable prices for a final product is typically associated with an increased cost of doing business, increased material costs and the transportation necessity. This can make it impossible to maintain product prices. You should detail the factors that cause such internal and external price fluctuations. Include these factors before a final price is set and take them into account when developing ideas and negotiating deals.
Break Down Your Information
In an effort to guarantee a seamless supply of raw materials and finished goods, companies enter into agreements with stakeholders to deliver different types of cargo on specified dates or at certain inventory levels. This eliminates the need to recurrently place orders for such goods, which also removes incidents of stock-outs and subsequent lost sales. However, there are times when the suppliers may deliver goods at the wrong time or place, or deliver entirely the wrong goods. This is a failure of coordination in the supply chain and can have devastating effects. Pre-planning schedules and offering verification checks can help to diminish stock-outs or production of poor quality goods due to use of improper inputs.
Streamline Your Technology
Any manufacturing company that desires to have an efficient supply chain must monitor various production costs to guarantee that they remain within manageable limits. This can involve integrating systems, with your chosen 3PL. Doing so can provide for optimal inventory levels, ensure orders are processed quickly and accurately, tracking is internally transparent, and back office accounting is streamlined. A reliable logistics service provider can help to minimize delays and damages, which are other key outlays in supply chain. Switching transport responsibilities between providers often involves a change in processes, therefore integrating with a technology driven partner can save time and money year over year. By streamlining your supply chain management through the help of a dependable shipping partner and cohesive technology, you can stay one step ahead of the competition.
Every company should strive to take these tips into consideration to demonstrate a reliable supply chain that integrates various stakeholders and resources to guarantee the quality, price and reliability of the entire system. If a firm overlooks negative signs that show inefficiencies in such systems, there is high likelihood that these systems may fail in the long run. Automation paired with having a fully-fledged supply chain department can help manage the supply chain effectively, and in turn, success should shine through in your business.
Top Four Reasons to Partner with a 3PL
A third party logistics provider (3PL) offers outsourced or third party logistics services for part of or all necessary supply chain management operations. 3PL’s typically specialize in warehousing and transportation needs that can be customized to a customer’s requirements. As a business decision maker, there are many benefits to partnering with a 3PL.
Did you know that over 82% of Fortune 500 companies partner with at least one 3PL? Here are the top four reasons why:
- Peace of Mind: Knowing that you have a professional partner on your side to manage the transportation of your goods will allow you to focus on other operations. Look for a 3PL with years of experience, professional service and the resources to get your items from point A to point B on time and undamaged.
- Risk Reduction: If you choose transportation carriers on your own, it can be easy to overlook important factors such as operating authorities, insurance information and safety ratings. Utilizing a 3PL ensures that you won’t put your freight in the hands of an incompetent carrier. STC standards of excellence and rating systems are imposed to safeguard against ineffectiveness.
- Time is Money: Do you really have the time to route, track and manage day-to-day issues that arise from your freight? Many little issues can arise in logistics and 3PL providers have dealt with it all. Electronic transfers of data can minimize inaccuracies and provide real-time updates throughout the duration of your shipment.
- Speaking of Money… 3PL providers have an eye for logistics. They can arrange your freight, consolidate LTL shipments and recommend unique solutions that you may not have thought of before. Having the ability to find a different, yet better way to ship your products is a valuable asset that a 3PL can offer. Look for a provider that can provide assistance for your unique freight shipments.
STC Logistics has industry expertise and a reputation for quality. We provide expert consultation and have relationships with a vast network of nationwide secure cross-docking facilities. If you are considering hiring a 3PL company, you should analyze some key areas of your shipment needs to determine what your logistics partner should provide. Download the free resource, “Hiring a Third Party Logistics Company,” by clicking here.