Maximizing Logistics and SCM Costs Before 2019
While many companies are determining what tips and tricks would benefit them for 2019, your company can implement improved practices to eliminate wasted resources and redundant costs now, maximizing the time left before the new year comes around.
There is no need to wait for January, according to BR Williams Trucking. BR Williams specializes in identifying the immediate and long-term needs within supply chain management and provides several immediate tips on how to effectively manage and reduce costs. These techniques can also provide a competitive advantage when implemented correctly.
-First, consider consolidating shipments. This technique maximizes shipping costs and provides an opportunity to partner with importers.
-It might come as a surprise, but if you can eliminate Carrier’s Insurance, BR Williams encourages that you do when the circumstance presents itself.
-Use unpredictable tariffs as an opportunity to implement key strategies. Rather than dreading tariffs, create a strategic approach your company can leverage specifically for those instances.
–Automation is key for compliance processes. Not only does automation provide an error-free solution, but it minimizes the chance of excessive costs to get back on track in the case of processing mishaps.
As you consider areas of improvement for 2019, consider the core of all business initiatives first: logistics and financials. At the root of all successful companies is a well-oiled machine that take into account all areas of operations while carefully evaluating cost efficiencies.
To view the full list of tips and to read how BR Williams can help manage your supply chain costs, visit: BRWilliams.com
Source: BR WIlliams Trucking