There are many things that supply chain managers need to be thinking about, especially when you are starting out or interested in growing your business. Here are some of the things I get asked about most often.
Safety: Leaders vs Laggers
In my view, you need a combination of both leading indicators and lagging indicators, not one or the other. Lagging indicators measure events that have already happened and leading indicators give you the opportunity to realize risks and prevent accidents before they happen. Both of these indicators need to be examined together in order to fully develop your supply chain strategy.
If you need more information or help to set your strategy, contact us. Use our experience to your benefit.
Sustainability and Profit go hand in hand By working together, retailers and suppliers can streamline delivery points and frequency, which is a win-win. Fewer supply routes, less kilometers traveled, and less fuel used adds up to less money spent on logistics.
Digitization of our supply chains make this easier and digitization keeps your business relevant and more profitable. Moving toward sustainability has benefits for business as well as society and the environment at large.
If you need more information or help to set your strategy, contact Triple EFF. Use our experience to your benefit.
Safety in your Workplace DNA
Ideally safety should be taught early on in the process: at home, reinforced in school, and practiced in the workplace. Safety should always be top of mind, and there are many tools to analyse your safety protocols and make sure they are the best they can be.
It is not always easy to implement, but that is no excuse; you owe it to your employees, your clients, and your business to make safety a priority.
If you need more information or help to set your strategy, contact Frank. Use our experience to your benefit.
If logistics is getting your product into your customers’ hands, reverse logistics is, of course, the reverse: the process of customers returning products to the manufacturer or distributor.
Many businesses don’t want to focus on returns, but the reality is that, depending on the industry, retail products are being returned at a rate of between 4 and 6%. These returns can be taking away 3-5% of your annual revenue.
Estimated costs from a poorly managed reverse logistics process can average around 7 – 10% of the total cost of goods. Smart companies are paying attention and are trying to get their processes in line with what good looks like for their business.
If you need more information or help to set your strategy, Contact Us. Use our experience to your benefit.
