article thumbnail

How to Overcome Supply Chain Crises

Logistics Business Magazine

Supply chain crises are becoming more frequent in today’s fast-paced business landscape, posing challenges for global firms that demand proactive and strategic solutions. Key Takeaways ● Supply chain crises arise from a combination of factors, such as increased demand, labour shortages, and logistical challenges. .

article thumbnail

Tips for Managing Small Business in Supply Chain and Logistics | Expert Insights

IFS Blogs

Learn how to expand your logistics business with these seven tips for managing small business supply chain and logistics.

Tips 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Chain Optimization: 5 Tips to Optimize Your Supply Chain

3PL Links

Supply Chain Optimization Tips | Image Source: Flickr A company’s supply chain is made up of players at various levels and diverse logistical components, each of which plays a crucial role. Plan your supply chain in real time In general, past data must be considered while planning the supply chain.

article thumbnail

7 Tips For Building Supply Chain Resiliency

GlobalTranz

Shortages of products from toilet paper to microchips during the coronavirus pandemic highlighted the value of supply chain resiliency, and the opportunities for companies that aren’t as prepared as they would like. By contrast, supply chains that are too lean may not have enough flexibility and redundancy to survive unscathed.

article thumbnail

Five Best Practices for Balancing Costs, Risks, and Sustainability

In the face of volatile macroeconomic conditions and other complex challenges, supply chain and procurement pros must strike a tough balance between seemingly contradictory demands: boosting performance and sustaining and extending business operations, all while meeting customers’ needs.

article thumbnail

The Ultimate Guide to Warehouse Barcoding: Definition & Best Practices

Cyzerg

With the increasing complexity of supply chain management, warehouse barcoding has become an essential tool for streamlining inventory management. In this guide, we will explore the fundamentals of warehouse barcoding, including the benefits, types of barcodes, and how to implement a barcode system into your existing operations.

article thumbnail

9 of the Most Useful Tips on How to Negotiate Freight Rates

GlobalTranz

Editor’s Note: This is a guest article from Laura Jelen with negotiations.com who discusses some useful tips on how companies can negotiate freight rates a bit better. Shipping costs are a significant part of the supply chain expense.

article thumbnail

Start Considering Risk in Your Supply Chain Design with these 4 Steps

If you’re not considering risk in supply chain design, you’re gambling with your company’s future. According to PwC, more than 60% of companies said that their performance indicators had dropped by 3% or more because of supply chain disruptions. How to identify and answer your supply chain “What if?”

article thumbnail

SAP S/4HANA: 4 Tips to Get You Started on the Right Path

With SAP S/4HANA at the core of your digital transformation, you can empower your supply chain with intelligent process automation, unprecedented visibility, actionable insights and real-time collaboration. Discover why, when and how to make your move. Plus – 4 tips to get you started on the right path.