Tag Archives: supply chain
How our Supply Chain Solutions Reduce Expenses and Increase Efficiencies
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3PL Links Case Study: Manufacturing (Outdoor Equipment)
Much like many companies in the modern economy, they are eager to capitalize on emerging trends in today’s consumer marketplace. For this client, that means having the ability to mobilize resources and engage their supply chain to continually exceed their customers’ demands. This need drove an engagement with 3PL Links.
3PL Links Case Study: Retail (Apparel)
5 Reasons You Should Consider Warehouse Services from 3PL Links
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
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
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?
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
What Type of Supply Chain Disruptions are a Threat to Your Business?
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
6 Tips on Enhancing Supply Chain Security
Here are six practices that you should consider if you’re resolute about enhancing your supply chain security.
1. Applying a structured approach
The first step in averting any risk is usually to stay safe: do not expose yourself to the problem. Start by forming a diverse team tasked primarily with managing supply chain risks at the organization. Then you can have all departments within the organization assessing and outlining their specific concerns which are then planned for by this management team. Every department has its own special needs and giving them the opportunity to express their concerns is the best way of identifying and tackling all risks within the entire organization. Continue reading