Logistics Management: An Integral Part of Any Business

Posted on December 18, 2014 by Marco Grossi

Logistics management is the part of the supply chain management that plans, controls and implements the storage and movement of goods and services (and all their related information) from a point of origin to the final destination or point of consumption. If done correctly your company will benefit from efficiency, cost saving and will be known for great customer service.

As the demands of your market change and grow, your company needs to be able to change with it and still maintain your high standards of quality, price and on time delivery. Making the decision to work with a logistics management company is a great first step to ensuring you are set up for future success.

A logistics company such as 3PL Links is an excellent example of a logistics management company that will put your needs first. It is not a transportation company that is simply trying to sell you their shipping services. It is a company that understands the need to learn the specifics of your situation and to come up with the best solution possible that is customized for your company. Continue Reading

5 Reasons You Should Consider Warehouse Services from 3PL Links

Posted on December 9, 2014 by Marco Grossi

When your business is transporting goods from one place to another, it is crucial you have a secure warehouse to place these goods. The warehouse should be guarded around the clock to ensure your goods are not vandalized, damaged or stolen; and if you have special storage needs, such as climate control, the warehouse should be equipped to offer the service.

If goods get damaged or a theft occurs, it is not just a monetary loss to your company, it is also is loss of credibility in front of your customers due to delayed deliveries. These are issues that can cost your company dearly, both in terms of money and reputation. You should choose your warehousing partner with care. Without the right warehouse services, your business can suffer in many different ways.

Below are 5 reasons why you should choose professional warehouse services offered by 3PL Links.

Expertise and Experience

3PL Links employs highly trained professionals who ensure all your logistics supply chain requirements are handled seamlessly. The company brings a wealth of knowledge and expertise and hence, is equipped to provide warehousing solutions to suit your needs and budget. This storage method minimizes risks and also ensures expedient and fast service. You never have to contend with inexperienced and untrained employees which increases the risk of loss and damage. Continue Reading

When you should Consider Consulting with a Third Party Logistics Provider

Posted on October 21, 2014 by Marco Grossi

Any company that sells products must have a reliable delivery system in place to ensure that all items are delivered to customers on time and in perfect condition. For this to be possible, the delivery system must include warehousing, picking, packing, and shipping operations, which are gathered under the generic name of logistics.

Unfortunately, managing logistics is a major challenge for many businesses. Without streamlining logistics operations, a company can easily run into cost overruns, which will negatively impact its overall activity. How can you reduce the risk of cost overruns and outright failure? By simply consulting with a third party logistics provider, or 3PL. Continue Reading

3PL Supply Chain Management Metrics to Look at

Posted on September 25, 2014 by Matt Grossi

Supply chain management metrics are designed to give your company the analytical tools to assess the performance of each piece of the supply chain. The matrices should be straightforward to use, but aligned to specific business requirements. Three important matrices critical to effective supply chain management and bottom lines are: carrying cost of inventory, inventory to sales ratio, and inventory turnover.

Carrying Cost of Inventory

The carrying cost of inventory is one of the supply chain management metrics that measures the costs of keeping inventory, whether over the short- or long-term. Carrying cost of inventory can help you to determine expected profits on current inventory, and if more product, or less, is required to ensure income levels or to cover expenses. It can also impact more strategic decision-making like sourcing. Continue Reading

Should you Consider Supply Chain Segmentation?

Posted on August 25, 2014 by Marco Grossi

Business success is contingent on maintaining a competitive edge. Maximizing supply chain activities allows businesses to operate at highly proficient and effective levels. Supply chain management integrates all facets of business operation and production, including product development, procurement, construction, and logistics. Businesses are discovering that they are unable to maximize customer value using a single supply chain strategy. The same supply chain stratagem will satisfy some customers but the desires of other consumers may go unfulfilled, and for others, the costs may be too great. As a business owner, should you consider supply chain segmentation? The answer is yes.

Supply chain segmentation means grouping services or faculties together to meet an explicit set of requirements. Segmentation allows businesses to meet their customer needs at the lowest cost. It provides an organizational framework that consistently delivers value and business control the complete life progression of a product. Supply chain segmentation generally follows these steps:

Step One – Group Products and Delivery Channels

The first step for segmentation involves grouping products and delivery methods and creating a matrix, where all combinations are represented. Each combination is considered an individual supply chain. The distinct supply chains are rated using business revenue factors of gross profitability and sales. Continue Reading

LTL Industry Best Practices for Cross-Border Shipping

Posted on August 18, 2014 by Matt Grossi

Cross-border shipping is an integral part of the global economy and an especially important component of the commercial relationship between the United States and Canada. The United States Census Bureau reported that in May of 2014 the U.S. imported over $30 billion in goods from Canada. If your business is looking to engage in any kind of cross-border shipping, it is important that you ship your goods in an efficient way that also complies with all the pertinent regulations for this type of commerce.

Include the Proper Documents

The first step in making sure that you can properly engage in cross-border shipping is getting your documents in order. Important things that you need to have include:

Your bill of lading that is filled out with all the necessary information
Evidence of the purchase of the goods, such as an invoice or purchase order
A license to import/export: this is usually only required for products that are regulated, like firearms, tobacco, etc.

Checklist for Efficient Global Supply Chain Management

Posted on August 11, 2014 by Marco Grossi

Efficient supply chain management on a global scale is a handful for even the most logistics-savvy companies. When you are entangled in the global market there are a lot of blind corners and gray areas. There is going to be a lot of days that you wish that the straight line you drew between two points on the whiteboard was a reality. With that being said, global supply chain management is a difficult yet not impossible task. Here is a checklist of tasks that every business needs to follow to maintain the efficiency of their global supply chain.

Global Supply Chain Management Checklist

[ ] Always Start With Risk Management: Operational Risk Management is more than just a buzzword. It has to be the starting point of every logistics operation. While it may not be possible to disaster-proof every movement, you cannot know what contingencies you will need to prepare for if you do not take the time to consider the events that will have the most disruptive effects upon your operations. You need to consider how you will do business if your critical systems are rendered inoperable, what steps to take to respond to these catastrophes, and how to resume operations as quickly as possible. Continue Reading

5 Common Mistakes in Supply Chain Management

Posted on August 4, 2014 by Matt Grossi

Studies show that the supply chain accounts for over half of the total cost of production. Successful management of the supply chain therefore requires the ability of a company to recover quickly from disruptions. The supply chain is even more complex than it was two decades ago so it is critical that you remain vigilant, steer clear of common mistakes and appreciate the benefits of proactive management.

That said, here are 5 common mistakes in modern-day supply chain management;

1. Prioritizing functions by spend

Quantifying by spend is probably the most common mistake in supply chain management. Simply put, you look at your suppliers and prioritize functions based on who supplies most of your goods and services. So, even if you have 20 suppliers, you’ll want to prioritize say five suppliers whom you’ve always spent 80 percent of your budget on. This strategy worked well until fifteen years ago when outsourcing was proliferated. Today, supply chains come in layers where you source from several suppliers.

You can no longer rely on a single source for your parts otherwise these parts would become a single point of failure in the supply chain. Continue Reading

What Type of Supply Chain Disruptions are a Threat to Your Business?

Posted on July 28, 2014 by Scott Pattinson

Many businesses share common management concerns including potential supply chain disruptions. These common supply chain threats include extreme weather like hurricanes or tornadoes, or natural disasters like earthquakes and floods. Other kinds of disruptions like supplier breaks, labor issues and pricing risks, are perhaps less dramatic, but hold the same potential for damage. For every business, the type and ultimate impact of supply chain disruptions will vary. There are several threats to a business”s supply chain, especially if they rely on transportation.

Supplier Breaks

Any manager waiting for a truckload of raw materials originating in a hurricane zone along the Gulf knows that unforeseen disruptions are costly and can potentially put their business at risk. Supplier breaks can arise for a variety of reasons.

Climate change and environmental damage continue to cause supplier breaks because they can lead to swings in the cost of commodities and other materials prices, which can affect your bottom line. For example, changes in climate led to a reduction in grain crops in Eastern Europe, leaving many food manufacturers forced to increase prices to cover the drop in supply and subsequent increase in price. Unanticipated events like explosions in warehouses, business failures, or new regulations can end in supplier breaks too. Continue Reading

How to Choose Supply Chain technology

Posted on July 21, 2014 by Scott Pattinson

Choosing supply chain technology is the most important decision a logistics manager makes in his or her career. Why? Simply because the right software solution can propel a company forward, regardless of how bad the economy is, while the wrong one may bury the business for good. Unfortunately, selecting the best supply chain management (SCM) system can be difficult.

Selecting a SCM System

Never has so much technology been developed to help organizations improve supply chain performance. Yet, the performance of most supply chains has never been worse. Due to poor coordination and planning, dysfunctional industry practices, and high costs resulting from adversarial relations among partners, most supply chain organizations generate low profit margins, surviving, not thriving. To help you choose the right SCM system for your company, the rest of this post delineates the steps you should follow in the selection process. Continue Reading