Your supply chain might be losing money without you knowing. Profit leaks can be in overlooked areas.
Identifying these leaks is usually straightforward once you know where to look. With the right guidance, fixing these issues is simple.
Let’s hear from Rob O’Byrne on how to uncover and address these leaks effectively.
Identifying Profit Leaks
Your supply chain might be losing money without you knowing. Profit leaks can be in overlooked areas. Identifying these leaks is usually straightforward once you know where to look. With the right guidance, fixing these issues is simple. Many businesses experience negative margins on customer orders, even those with significant turnover.
Why It Matters
Addressing these profit leaks is crucial for maintaining healthy margins and overall financial performance. Unchecked, these leaks can erode your profitability and competitive edge. The key is to act before these issues compound.
Take the Supply Chain Leak Quiz
To find out if your supply chain is affected, take the Supply Chain Leak Quiz. I’m offering a quiz to help you evaluate your supply chain’s efficiency. Although I’m recording from a hotel room in Perth, Western Australia, due to my travels, I want to provide these valuable insights.
What the Quiz Covers
The quiz covers aspects like customer order variations, service levels, market segments, product sizes, and handling requirements. By evaluating these factors, you can pinpoint inefficiencies and potential profit leaks.
Watch the video above for the quiz and to assess your result.
These questions are part of a short survey available online. If you’d like to try it, here’s the link: https://supplychainprofit.scoreapp.com/
Related articles on this topic have appeared throughout our website, check them out:
- Energy and Labour Costs: 2 Top Warehousing Challenges in 2023
- Cost to Serve Analysis—And the Costs of Neglecting It
- How to Operate Your Distribution Truck Fleet at Less Cost
- Cost to Serve – A Smarter Way to Improved Supply Chain Profitability
- Reverse Logistics Management for Supply Chain Cost Reductions
Editor’s Note: The content of this post was originally published on Logistics Bureau’s website dated December 06, 2023, under the title “Is Your Supply Chain Leaking Cash?“.
