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10 Best Ways To Reduce Supply Chain Costs

3PL Links

Streamline Ordering Process. You need to make your ordering process as efficient as possible. Use a single software package for completing requisitions or else you might encounter situations where employees using different applications end up ordering too much of specific products or inventory supplies.

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The 5 Steps Towards Digital Supply Chain Management

GlobalTranz

At the moment, many systems are hybrid, meaning that supply chains normally use a mix of paper-based and IT-enabled processes. In the course of operation, the business is exposed at multiple points across its stages of supply chain. It will enable adjustment of the system as conditions change making it flexible and adaptable.

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Prevent Returns from Hurting Your Brand

Ship Monk

Of course, the opposite is also true — when handled poorly, returns can hurt your brand. Disruption costs: Returns that aren’t handled properly can quickly pile up, interfere with order processing, cause inventory discrepancies, and take up costly warehouse space. It’s the dictionary definition of a PITA.

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What is a 3PL? How Third-Party Logistics Providers Benefit eCommerce Brands

Ship Monk

This includes: Matters of inventory management with advanced 3PL software Delivery speed with warehouse locations that bring products closer to customers Fulfillment: Order processing, picking, and packing Optimal shipping costs and options thanks to established relationships with major shipping carriers.

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Insourcing or Outsourcing Logistics: Don’t Choose the Wrong Reasons

Logistics Bureau

To be sure, you need to have a definitive picture of your current logistics costs, against which you can benchmark the projected costs of working with prospective 3PL partners. That’s provided, of course, that management of the 3PL/client relationship and of the logistics operation overall, is effective. In many cases, it doesn’t.