All Supply Chain and Logistics operations leak profits. It’s natural. But are you aware of it? Sadly, normal reporting systems don’t report very well at a customer and product profitability levels. They tend to report aggregate figures. And so these very common losses are ‘hidden’ within the data. It’s very common to have at least 10% of your customers orders as loss makers. And I’ve seen as high as 81%…
Cost to supply is a concept similar to cost to serve, but the focus shifts to your suppliers’ costs. It’s about understanding what your suppliers spend to deliver goods to you. This is just as important as knowing what it costs you to serve your customers. By grasping supplier costs, you can make smarter decisions, like whether it’s better for suppliers to deliver directly to your stores…
Are you aiming to cut costs in your supply chain and logistics operations? Effective inventory management can play a crucial role in lowering logistics expenses. Many businesses overlook these essential inventory management techniques…
Have you conducted a cost-to-serve (CTS) analysis for your enterprise? Many companies have never drilled down into the costs involved in selling specific SKU…
Without focus, things can go wrong. It’s important to find the key areas in your supply chain that need attention. But what exactly should you focus on, and how can this help your business? The first critical step is to conduct a cost to serve analysis. Distribution networks can also become outdated as organizations grow and evolve. It’s important to assess how products flow through your network…
With supply chains always evolving, you can’t afford to take your eye off the ball when it comes to management and efficiency. One minor oversight can quickly lead to bigger issues down the line. By staying proactive and looking for areas to improve, you’ll keep your supply chain on track. The need for new or upgraded warehouses is on the rise. Many companies are facing unprecedented demands for space…
How to identify and fix your profit leaks? Here’s a real-life example…
All Supply Chain leak profits. Some really badly! And most organizations don’t know how bad those profit leaks are…
Here are some tips and things to consider in routing your vehicle fleet…
In this video, Rob shares what he thinks are some of the reasons that businesses are nervous about carrying out Cost to Serve checks on their Supply Chains…