It’s harder to manage supply chain costs during periods of high inflation. To protect your profit margins, a robust management strategy is essential.
As your startup scales, your supply chain can fuel your growth—or grind operations to a screeching halt. A less is more approach can help.
Managing your supply chain in-house drains your time and resources. Partnering with an expert logistics partner can help you focus on what you love.
Consumers want more, faster. Change is constant. Supply chains are more complex. Read on for insights on upping your logistics game in our global economy.
Optimizing your supply chain is critical to your success. Outsourcing logistics can save you time, money, and hassle, whatever the size of your operations.
The Molex slogan, “bringing people and technology together, worldwide,” has a special meaning for this manufacturer’s logistics managers. They are in charge of the “bringing” part, managing an incredibly complex global pipeline of raw materials and finished products moving to and from Molex facilities and customers. The company had been using CTSI-Global’s freight bill payment and […]
Freight Payment Outsourcing: Getting Finances in Ship Shape Consider this: Because of administrative overhead, it costs large companies about $11 to pay one freight invoice. For a company with 1,000 carrier invoices a month, that’s $11,000. But if a third-party freight payment/auditing firm processes these invoices, companies pay just 5 percent to 10 percent of […]
Ted Lunsford, Strategic Initiatives Lead, Transportation and Logistics, American Electric Power Responsibilities: Manage and negotiate carrier contracts for the company’s inbound and outbound freight Challenge: Extreme weather events can damage equipment, requiring expedited shipments for repairs and replacements Tools of the trade: Online routing guide and load posting software Improvement strategies: Evaluate freight pay data for clues to more […]
Who can imagine the logistics forces necessary to have 18 million copies of the Indiana Jones and the Crystal Skull DVD in 12,000 unique locations on a specified date? Technicolor can. Almost every week, this leading manufacturer and distributor of DVD’s and CD’s ensures that we will be able to comfortably view our favorite movie on the […]