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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. Of course, it’s always possible to factor estimates of those costs into your product or service pricing, but then you can find yourself overpricing them. Are Your Profit Margins Declining?

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How to Select the Right KPIs for Supply Chain Benchmarking

Logistics Bureau

So, for example, if your business competes strongly on price, you might go heavy on the cost-reduction side of supply chain management, setting objectives centered on savings. Conflicting KPIs: A Brief Example. Of course, you can have as many other metrics as you like, but the KPIs are the ones that should form a catalyst for action.

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Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

The answer is to benchmark your freight, of course. Better freight rates for your trade lanes: Whether you ship freight by air, land, or sea, your shipments will travel along specific routes or groups of routes, known as trade lanes. So how can you be sure you’re getting the best freight rates possible?

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A Lean Leadership Pocket Card

The Lean Thinker

I remember walking through a facility with a group of managers on the way to the area we were going to see. Here’s an example: Say your plant has a set of rules about how fork trucks are to be operated – speed limits, staying out of marked pedestrian lanes, etc. Sometimes that gap is small. Sometimes it is huge.

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How to Get Your Forklift License: The Ultimate Guide [New in 2020]

Conger

Of course not. This portion of training must consist of “demonstrations performed by the trainer and practical exercises performed by the trainee” [OSHA standard 1910.178(l)(2)(ii) ]. With lots of options and aggressive marketing for online certification courses, you've probably had this question cross your mind.

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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. Walmart may be the most famous example of a company that has succeeded primarily because of a well-developed and aligned supply chain strategy. The success of your business links inextricably to the performance of your supply chain.

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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. Walmart may be the most famous example of a company that has succeeded primarily because of a well-developed and aligned supply chain strategy. The success of your business links inextricably to the performance of your supply chain.