Moving goods from one location to another is never free. You will need packing materials, movers (workers), drivers, vehicles (trucks) and possibly storage facilities. The greater the load and the longer the distance, the higher the cost.
But weight and distance are not the only two factors that affect transportation costs. There are several other factors that have a significant impact on the cost of transportation. The following are some of the important factors: Continue reading
Businesses today are a part of a highly complex supply chain involving multiple suppliers and vendors located at different places across the world.
SubmitWhen a disruption or bottleneck occurs in any part of the chain, it is often impossible to identify the culprit without a complete supply chain analysis. Without identifying the source and cause of the problem, it is not easy to achieve targeted sales and growth.
Supply chain analysis is the process of evaluating every stage of a supply chain starting from the time the business acquires raw materials or supplies from its suppliers to the delivery of final products to the customers. The purpose of the analysis is to determine which part of the supply chain can be improved or shortened to deliver the product more quickly and efficiently to the customers. The philosophy behind supply chain analysis is that the more flexible a business can be, the faster its growth rate will be.
Supply chain analysis helps businesses identify the suppliers and/or processes that can be bypassed, reduce inventories, schedule events and programs, and improve forecasts. This increases efficiency, reduces costs and minimizes risks. It helps businesses optimize their processes to remove redundancies in the supply chain while helping create new value-added processes. Continue reading
When moving goods from one location to another, it is very important to be aware of the legislation regarding the transport of dangerous goods. Dangerous goods are anything that can harm people, property, the environment and other living organisms. They may be in solid, liquid or a gas state. In Canada, dangerous goods are known as HazMat, short for hazardous.
Classes of dangerous goods: Dangerous goods are divided into nine classes on the basis of their chemical characteristics. There are also subcategories under each class. Continue reading
Logistics is the chain of processes and events involved in moving a finished product from the manufacturer to the customer. So what is reverse logistics? Reverse logistics is backward logistics. It involves the movement of goods from the customer back to the manufacturer. This usually happens when the product is defective or when the product has been recalled because of some glitch. Continue reading