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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

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Energy and Labour Costs: 2 Top Warehousing Challenges in 2023

Logistics Bureau

Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.

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Top courses to upskill manufacturers

SYSPRO Smarter ERP

The last few years have proven that manufacturers need to be agile to respond to market demands at all levels of the operation without increasing costs and waste or sacrificing efficiency. Digital transformation has quickly become an essential part of any successful business strategy which has also resulted in a skills gap.

Course 105
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Flexibility in the Face of Uncertainty

Freightos

However, alternative routings that combine ocean freight and air freight reveal a tremendous opportunity to decrease cost and transit times, benefiting the entirety of the value chain. Of course, the economic viability of these types of shipments is limited to specific commodities. In other words, ocean cargo costs would cost about $0.21/kilogram

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8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Of course, it is helpful to have some statistics on hand to validate the statement above. Companies with global supply chains—a category which includes a fast-growing number of corporations, medium-sized companies, and even small businesses—can be standing on a cost base of which 90% is attributable to supply chain expenditure. .

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7 Reasons Why the Supply Chain Matters to Business Success

Logistics Bureau

Of course, it is helpful to have some statistics on hand to validate the statement above. Again then, it’s not difficult to see how the financial health of a business depends on that of the supply chain, or how probable it is that supply chain costs feature strongly in the demise of many companies that become insolvent.

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Ways to Handle Excess Inventory in Retail

ShipLilly

Saving on costs whilst improving business efficiency Although the principles of “just-in-time” management are highly recommended for pressurized supply chains, it is increasingly difficult to fully implement them. Moreover, those businesses must then consider dealing with the storage costs when dealing with this inventory.