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The Most Important and Most Misunderstood Concept in Business - Opportunity Cost

10xLogistics

You hear a lot in business how strategy is as much about what you will not do as what you will do yet companies can't seem to turn anything off. The concept of NPV (Net Present Value) tries to get at this. Time, of course, is your most valuable resource and that is completely fungible. Now, let's apply this to business.

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“Selling Baoli creates strong customer relationships”

Logistics Business Magazine

the forklift truck manufacturer which is part of the KION Group, is currently present in 52 countries and pursues the ambitious goal of being successfully represented in 86 markets in the EMEA economic area in the coming years. MV: Definitely. MV: Of course! It definitely is. Baoli EMEA S.p.A. , MV: Very important!

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Reverse Logistics Solutions by 3PL Links

3PL Links

Define your returns management strategy: Analyze how effective returns management could help you lower expenses, enhance customer service, and even boost revenue. Continuously reassess and improve the process: Although this phase is present in every process but is frequently skipped, leaders are nonetheless responsible for it.

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Ecommerce Inventory Management: Challenges & Solutions

Logistics Bureau

Standardise and Digitise The key to managing complexity, of course, is to be organised. The ecommerce logistics practitioner must instead integrate reverse logistics into his or her company’s inventory management strategies and processes. Try to establish consistency in the identification of your company’s products. Why is this?

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9 Steps to Follow When Preparing for Supply Chain Project Management

Logistics Bureau

Of course, there is one more essential requisite for any supply chain project to commence—a budget. Of course, that means identifying every element of the solution that will fall within the project’s scope, but, just as importantly, detailing all known features that will not be in scope. Step 6: List Project Deliverables.

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Why Logistics' Leaders Need to Recast "Cost Control"

10xLogistics

The best presentation I have seen in a long time was given last year at the CSCMP Annual Conference and it was given by Amazon. This is the definition of a true customer centric supply chain. If you own the final mile of the delivery then you definitely have more impact. His answer was clear: " We don't trade off.

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The Growing Skills Gap & How Vocational Training Can Help to Shrink It

GlobalTranz

Unlike traditional, in-classroom education settings, vocational programs blend on-the-job learning opportunities with course credits and education. In other words, the cost of obtaining the skills necessary to complete a vocational program are by definition used for practical purposes in the field.