LOGISTICS

How to STOP Order Profitability Leaks – Logistics Costs

How to STOP Order Profitability Leaks – Logistics Costs

The main reason businesses often overlook these issues is that fixing them feels too complicated. Addressing loss-making products and customers requires a cross-functional approach, which means it’s not just about improving one area of the business. It’s a holistic problem that spans procurement, inventory management, customer service, and forecasting. Take low-margin products, for example. Companies often resist eliminating unprofitable products because they’re concerned about disrupting their product range or losing sales…

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Easy Logistics Cost Reduction – But Few People Do This

Easy Logistics Cost Reduction – But Few People Do This

Small orders are a hidden cost center. Most businesses have a mix of small, medium, and large orders, but the small ones are the real culprits when it comes to logistics inefficiency. They tend to cost more to process and deliver than larger orders, making them a prime area for cost reduction. By reviewing your order patterns, you can identify where smaller orders are unnecessarily inflating your logistics costs…

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Order Profitability – Online Audit

Order Profitability – Online Audit

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%…

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What’s Hot in Logistics?

What’s Hot in Logistics?

During the pandemic, businesses stockpiled inventory to manage supply chain disruptions. Now, the focus is on reducing excess inventory and improving management practices. Companies are adopting advanced tools for better demand forecasting and inventory deployment. Many are still struggling with accurate demand planning, leading to inefficiencies like back orders and suboptimal inventory distribution across warehouses…

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Freight Rates & Reducing Your Logistics Costs

Freight Rates & Reducing Your Logistics Costs

Focusing solely on the freight “rate” can be misleading. When people try to lower freight costs, they often overlook crucial factors. Truly understanding freight rates involves looking at rate structures and consignment profiles, which your freight carrier already considers. By analyzing these elements, you can identify opportunities for significant savings…

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