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9 Barriers to Optimal Inventory and How to Break them Down

Logistics Bureau

For example, you can optimise for cost, profit, or service, but not for all of them. For example, inaccurate forecasts typically lead to: Overstocking — a problem that ties up working capital and can lead to inventory obsolescence. How to Improve Forecast Accuracy for Optimal Inventory. 3: Supplier Lead Time.

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How To Reduce Soft Costs in Shipping

Dedola Global Logistics

For instance, things like fuel prices, hourly wages for employees, and materials are some hard costs. Soft costs are usually time-consuming tasks such as planning, tracking shipments, gathering documents, handling disputes, and handling communication with your freight forwarder and over-seas suppliers.

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How to Get Your Indirect Spend Under Control

Material Handling and Logistics

Many facilities try to trim their indirect spend by negotiating lower prices on a few of their most expensive items. So how can you better control your indirect spend? But I often see companies that have more cutting tools, for example, than they need. Employees who fail to comply with supplier agreements.

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How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Reliance on too few primary suppliers for critical components and materials has compounded the problem even further with unexpected ripple effects on downstream manufacturing as evidenced by the still ongoing global computer chip shortages. Manufacturers know that good supplier relationships are critical. Managing Inventory.

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How to Win During Peak Shipping Season

Logistics Business Magazine

This article by SHIPSTA addresses six of the most common challenges that can surface in peak shipping season, while providing solutions on how to best address them. Take a closer look at SHIPSTA to see how its platform and services can help you both during and outside the peak shipping seasons.

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The Freight Forwarder’s Era: The Top Advantages of Working with a Freight Forwarder

MTS Logistics

Expertise of Freight Forwarders Freight forwarders are well-versed in the knowledge of how to handle the customs regulations and documentation for your international shipments. How is this an advantage you may be thinking, since the customer can go and work with the carrier directly, right?

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10 Freight Management Mistakes and How to Avoid Them

Logistics Bureau

However, we also know how to help businesses get the most from the resources they have and make the right decisions for improvement. So naturally, we’re here to help your enterprise too. You must evaluate the option in detail to know if it presents more pros than cons or vice versa.