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5 Supply Chain Inefficiencies That Are Often Overlooked

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Archives, Global Logistics, Global Trade Daily

5 Supply Chain Inefficiencies That Are Often Overlooked

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The supply chain is tricky to understand, sometimes leading to small problems that become significant issues when overlooked. These seemingly small setbacks and mistakes can create a ripple effect in any company, preventing it from achieving success. 

Here are five issues that a company can quickly address to yield better results and improve customer and worker satisfaction.

1. Not Utilizing Data to the Fullest

Logistics professionals can expect to receive data that helps them analyze how well the supply chain is performing. These analytics influence everything about a company, including how future adjustments may affect consumers’ views of the business. 

Without utilizing analytics, a company can miss out on faster supply chain routes and improvements that could potentially change it for the better. Even a 1% increase in customer satisfaction can decrease the overall cost of sales by around 3%, though the specifics depend on the industry. 

How to Fix It: This fix is an easy one to implement. A company can put the customer first and share its performance data with consumers, allowing them to see every step of the process. At the same time, logistics professionals should make sure they analyze all data available and come up with solutions that improve overall time and customer satisfaction.

2. Lack of Transparency

When communication doesn’t happen as it should, people down the line get confused. They may not know the target time to arrive at a certain location or where individual trucks in a fleet are. Communication is essential to make a business a well-oiled machine.

For example, not many people can handle the early mornings and careful driving truck drivers face every day. Other employees should step into drivers’ shoes and understand it from their level before judging performance. Working with empathy is where communication can come in handy, especially when solving small disputes.

How to Fix It: The best way to rectify this issue is to establish a clear communication channel. Encourage others to share when things aren’t going exactly as expected on their end. That way, the entire supply chain will know what to expect and what might delay their own processes.

With proper communication, everyone has time to prepare for any setbacks and try to make up time in their own way. A fully transparent workplace is an efficient workplace where everyone feels supported and ready to further the company’s mission.

3. Fleet Idling

Fleet idling is a waste of time and resources, which can negatively affect the environment as well as damage a steady supply chain. A chain should meet customer expectations while minimizing cost as much as possible, but idling means that a fleet is not moving — thus adding more time to the chain. Wasted time is wasted money.

Just some of the drawbacks of fleet idling include the following:

  • Unnecessary burning of fuels, leading to a larger fuel budget
  • More greenhouse gases in the atmosphere
  • Longer times from Point A to Point B
  • Decreased customer satisfaction
  • Possible fines, depending on the idling location

How to Fix It: Luckily, idling can be mitigated through the right measures. Logistics professionals can use trackers to understand where an individual truck is and if it’s making time well. In addition to motivating the driver, it can also provide useful data to the company regarding supply chain routes. 

The company can then use this data for future fleets, including how or when to educate drivers on how idling affects the company. This extra education can help drivers defeat those embedded driving habits that might lead to greater idling times. Reducing idling time can also improve the performance of fleet vehicles, which can save even more time and money. 

4. Reactivity, Not Proactivity

Proactivity has a business’s best interests in mind at all times. It thinks of the future and how today’s decisions can affect a supply chain or a company months later. Reactive management is just the opposite — it’s created at the last minute and lacks careful consideration. These decisions reflect a manager’s reaction rather than their actual knowledge, either because the decision was created out of fear or on a time crunch.

When employees experience a setback, it’s natural to react with emotion. People can be greatly influenced by the emotions of people around them, meaning that just one person in the supply chain might influence a manager to react on impulse if something negative happens. However, though impulse decisions may lead to quick fixes, they can be costly for a company if they create more trouble in the long term.

How to Fix It: Proactive management is one of the greatest investments a logistics professional can use when managing their fleet. With proactive management, supply chain surprises will never be a setback. Make use of just-in-case measures that can be implemented in an instant if something goes awry. That way, the company won’t have to worry about paying extra to deal with the fallout of a quick fix that does more damage than good from a decision rooted in reaction.

5. Bad Warehouse Management

The warehouse is where it all begins, so it’s no surprise that some supply chain issues can be linked back to ineffective warehouse management. It’s a critical part of the process, and if things aren’t organized or readily available, a company might see delays in its fleet. 

How to Fix It: A company needs to think critically about the type of hire they bring aboard for this role. A warehouse manager is supposed to keep things moving smoothly and minimize the number of issues the supply chain should run into from the very beginning. 

Having a warehouse manager take on more responsibilities, such as making sure items are actually in stock, as an automated system won’t always indicate whether they’re out of stock, can help keep the warehouse under control. In the end, proper management and clearly laid out processes can help a warehouse manager increase customer satisfaction.

Manage a Supply Fleet Like an Expert

Logistics professionals and fleet managers should always be looking for a way to improve their times and processes. Some easy ways to improve include eliminating room for miscommunication and errors, as well as proper education of team members. These mistakes are some of the easiest to fix but often go overlooked.

When a company adjusts how it runs, it may see improved processes and overall customer satisfaction. All it needs to do is analyze where there’s room for improvement, and implementing changes is easy.

ROI 3PL distribution chargers made4net “largely making compromises between the way a warehouse wants to work and the way the system allows the warehouse to work,” logistics gather business
Archives, Education, Global Logistics, Global Trade Daily, Warehousing

Top 5 Ways to Increase your Warehouse ROI 

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There are a few things top-performing SMB warehouses have in common, and one thing they all have in common. 

That is, they optimize their operations and resources to get more from what they have, focusing on boosting their daily warehouse ROI. 

To get the most from your growing warehouse, you need to improve accuracy, reduce mistakes and waste, save time, and identify ways to get more from your resources. This list outlines the top 5 things you can start doing today to improve ROI from your warehouse. 

Warehouse ROI is based on working efficiently and having the right systems in place to capture and check data — and this starts with having the right systems in place. 

No logistics company operates in a vacuum, and having a cloud-based warehouse management system (WMS) gives you the opportunity to connect with and streamline data sharing between you, your customers and your supply chain partners. 

5 ways to increase your warehouse ROI 

  1. Integrate your WMS/TMS software for seamless data flow 

It’s essential to consider how information flows in and out of your warehouse, and who else you need to communicate with in your supply chain in order to streamline incoming and outgoing stock. This provides greater transparency across the supply chain for everyone involved. 

Having a fully integrated cloud-based WMS and TMS gives you an enormous boost in terms of efficiently sharing data and optimizing workflows around order acceptance and dispatch. For instance, you can optimize your beyond the warehouse by using delivery addresses and routes to pick and pack orders based on delivery routes. 

You can even delight customers and partners by streamlining incoming and outgoing orders through cross-docking. A WMS app equipped for cross-docking gives you oversight of incoming and outgoing orders by simply using barcode scanning to accept stock, sort, and allocate to a new delivery run — all from the palm of your hand, and directly from the dock. 

  1. Keep inventory records up to date 

Using a cloud-based WMS and mobile app to capture, record and track incoming orders, stock movement records and outgoing orders gives you greater accuracy, simplifies reporting, and having the correct data for planning. 

When looking at increasing warehouse return on investment, the more you can save time, optimize processes, and simplify workflows — the more you can achieve in a day, and the greater ability you have to scale up your business.

Keep your records up to date across multiple platforms and users with automated processes to boost ROI. 

– Allocate orders for picking and track orders as they progress 

– Update stock reports in real time 

– Automate rate calculations as stock is accepted, moved, and picked – Provide customer 24/7 access to up to date reports from their own customer dashboard 

  1. Save time and earn more? That’s right. 

Did you know you can reduce admin hours by 40-60 hours a week, while increasing your daily output, with automating invoicing and rates? 

Using a WMS with automated rate calculations also allows you to set complex rate cards for various customers, services, seasons, or other factors — ensuring you capture all billable charges — from sliging rate to ad hoc charges, and levys as well, without the time needed to manually calculate each charge. 

  1. Implement barcode label scanning 

A simple way to increase your ROI is to reduce mistakes and mispicks. Using barcode scanning to identify warehouse locations and confirm the items being picked increases accuracy across your warehouse operations, with ease. 

Simply scan locations and inventory during warehouse put away and order picking for an added layer of certainty at each step. It provides a safety net, where mistakes are rectified in the moment, increasing your daily accuracy and ensuring smoother warehouse operations. 

Want to know more about barcodes in your warehouse? Check out this article on everything you need to know about warehouse barcode scanning. 

  1. Use warehouse locations 

The layout of your warehouse can make a huge impact on productivity, speed of order fulfillment, and how to optimize storage rates. 

It can also help you to optimize other workflows like inventory put away and order picking. Depending on the goods you store and the services your warehouse offers, there are different ways to optimize your space. This mainly comes down to allocating storage locations for accurate identification and optimizing storage by how often or how soon the goods will be needed.

Depending on the goods you store, you might want to store goods by batch; First in, First out (FIFO), or First Expired, First Out (FEFO), by temperature zone, or by using Replenishment to store fast-moving goods in easy-to-access locations. 

To find out more about increasing your return on investment for your warehouse operations, or to learn more about our easy to use, cloud-based WMS, speak to the friendly team at CartonCloud today. 

Start optimizing your operations and increase your warehouse ROI today.

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Archives, Education, Global Logistics, Global Trade Daily

6 Things to Look for in a Materials Supplier

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Finding a materials supplier for your business can be challenging, especially if you run a manufacturing business. Plagued with soaring prices, diminishing raw materials, prolonged inflation, pandemic-induced broken supply chains, shortages, and global political unrest, choosing the right supplier for your business is the key. You want to choose one that provides efficiency, speed, and the highest quality.

Materials suppliers are important to your business’ success. They play a role in every stage of production — from sourcing raw materials to ramping up production to fulfilling your business orders. The relationship between suppliers and businesses is crucial.

Follow this ultimate guide when choosing a materials supplier to ensure you end up with a vendor you can trust.

Know What Your Business Needs

First, it’s important to start with the basics and determine your business needs. Whether it’s wood to build homes or award plaques to gift employees at an event, consult with your teams to know what is needed and take an inventory of what you already have. Starting with a good understanding of what you have and what you need will also help you cut costs in the long-run, preventing you from ordering too much or too little.

Next, talk with your accountant, chief financial officer, or whoever oversees funds, about what is attainable and within budget. Determine if you prefer a wholesaler or third-party logistics provider.

Note: It’s important to think long-term. Ideally, you choose a materials supplier and work with them for an extended period. You’ve heard it before: relationships are important in business. When you have a long-term relationship with a supplier, it becomes easier to fulfill and place orders. And they can help your business achieve more goals, such as expanding globally.

Here’s how to determine whether or not your materials supplier will be in it for the long haul.

What to Look for in a Materials Supplier

It is essential to have dependable and high-quality materials suppliers when running a successful business. These tips will help you find the best supplier to meet your needs, whether you’re a small startup or a large corporation.

  1. Reliability

When selecting a materials supplier, reliability is an important factor to consider. This refers to the supplier’s ability to consistently deliver high-quality materials on time and in the quantities required. A dependable supplier will allow for the smooth and timely completion of all projects. A supplier who delivers broken or faulty supplies or arrives late with the materials you need simply cannot be trusted to keep your business afloat. Reliability is key with materials suppliers.

2. Trust

When choosing a materials supplier, trust is essential. Building trust with a supplier takes time and effort, which is critical to developing a good working relationship. When evaluating potential suppliers, consider their reputation, willingness to provide references, and the transparency of their business practices. You must ask yourself: Can I trust this person or company? Your strategic sourcing significantly impacts your projects’ success, so choosing a supplier you can trust is important.

3. Quality

 

High-quality business starts with your suppliers. After all, poor service or quality is associated with your company — not the suppliers behind the scenes. Ensure top-quality materials to ensure top-quality business and avoid letting your customers down.

4. Financial Security

However, high quality does not always require paying the highest price. It will take some time and strategy to find the balance of quality and price that works best for your business, but it is possible.

Suppliers’ pricing also accounts for timeliness. You want to pay for a supplier that offers speedy results. And on the flip side, you want to ensure your supplier is financially secure. You don’t want your supplier going bankrupt and leaving your company high and dry.

5. Speed

A supplier that provides results in a timely fashion is key. Find suppliers who can quickly respond to customer and business demands, including emergencies. This involves a level of proactiveness and organization as well.

6. Clear communication

You need to find suppliers who will notify you of a problem quickly and give you frequent updates on shipments. Honest and open communication keeps the business running. That available line for regular communication also allows them to understand your future needs and how you can improve the operations.

So now that you know what you should look for in a supplier, let’s talk about how to find one!

How to Find a Supplier

To find the best materials supplier, start with a shortlist of possibilities. After you have determined what you need to buy, create a shortlist. Ask your friends and business partners for recommendations, consult with a trade association, look to your business advisors for advice, or attend exhibitions.

Next, approach those materials suppliers. Be able to communicate your needs and requirements upfront. Then ask them if they can supply it and meet your needs. Compare the responses to determine which material supplier is best for your business.

Next Steps

Now that you have determined which suppliers to work with, it is time to negotiate your terms.

Set clear goals and communicate boundaries. Think through things such as payment schedule, price, delivery schedule, and frequency. The supplier will do the same. Hash out any differences or concerns early on. Use your bargaining power to get the best deal for your business.

Once an agreement is reached, it’s time to draft the service-level agreement. These agreements are part of supplier contracts and typically outline the following:

  • Payment conditions
  • Standards of service
  • Delivery schedule
  • Responsibilities
  • Performance review terms
  • Any confidentiality or non-disclosure agreements
  • Conditions for termination

Some suppliers will have standard service level agreements for all business relationships. Ensure your needs are being addressed.

Knowing how to find the right materials supplier for your business is essential and doing your due diligence upfront will always pay off in the end.

Mike Szczesny is the owner and vice president of EDCO Awards & Specialties, a dedicated supplier of employee recognition products, branded merchandise, athletic awards and award plaques. Szczesny takes pride in EDCO’s ability to help companies go the extra mile in expressing gratitude and appreciation to their employees. He resides in Fort Lauderdale, Florida.

 

7 Cost-Effective Strategies for Reducing Your Fleet's Cost Per Mile
Archives, Global Logistics, Global Trade Daily, Trucking

7 Cost-Effective Strategies for Reducing Your Fleet’s Cost Per Mile

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The costs of operating vehicle fleets can add up quickly. Fleet owners deal with typical expenses like maintenance and fuel, and the price of gasoline and diesel can be volatile, especially with supply chain disruptions and international conflict causing spikes. The unpredictability leads logistics professionals to consider every option available for saving money. 

Fleet owners can use these seven cost-effective strategies to reduce the cost per mile and reap additional benefits. 

  • Switching to Synthetic Oil

Fuel efficiency starts with the engine and the type of oil a fleet owner uses. Standard oil can get the job done but won’t provide the same benefits that vehicles see from synthetic blends. Synthetic oil rose to prominence in America during the 1970s, as the energy crisis forced people to find ways to improve their fuel economy. 

Synthetic oil is advantageous for fleet owners because it’s cleaner for the engine. It has fewer impurities and doesn’t form sludge over time. Synthetic oil is especially beneficial during cold weather because it has a higher viscosity index, making it resilient to temperature changes. On hot and cold days, vehicles with synthetic oil require less effort to circulate fluids throughout the engine, thus reducing wasted energy and improving fuel economy.   

  • Tracking Tire Pressure

Another excellent way fleet owners can improve their cost per mile is to track their vehicles’ tire pressures. The pounds per square inch (PSI) may seem like a trivial data point, but the cost per mile adds up over time. This includes the total costs divided by the number of miles a fleet drives. A truck driver can easily exceed 100,000 miles yearly, so the expenses quickly add up for owners with multiple vehicles. 

The best strategy for fleet owners is to keep the tires inflated. Before leaving the premises, drivers should check the PSI to monitor the level. Tires at the proper PSI boost gas mileage by 0.6% on average, but some drivers can increase it by 3%. Conversely, underinflated tires compromise fuel mileage by about 0.2% for every PSI dropped. Drivers should ensure tires have proper inflation for safety and fuel mileage.   

  • Implementing Telematics

Fleet owners can use advanced technology like telematics to track employees on the road. Drivers who know they have a monitoring device are less likely to employ bad habits. Telematics improves driver safety and can reduce the cost per mile.

Telematics devices use artificial intelligence (AI) to track drivers and report when they are speeding, using their cellphones too much or letting the vehicle sit idly. Route optimization is a critical feature of telematics technology. Drivers using telematics can find more fuel-efficient routes that lower the cost per mile. Telematics also monitors the engine and other parts so fleet owners can see problems before they worsen.

  • Lowering Air Conditioner Use

Another adjustment drivers can make on the road is their air conditioning use. AC uses more fuel than any other auxiliary system in a vehicle. It can increase fuel expenditure by nearly 20% due to the engine’s increased load. Drivers traveling long distances can significantly affect the cost per mile if they use the air conditioner constantly.

Fleet owners can implement a policy for drivers to save fuel on the road. Drivers should turn the air conditioner off and open the windows when driving slowly. However, they should use it when driving on the highway or above 40 mph because the difference in fuel consumption becomes negligible. Drivers should also keep the windows closed to reduce drag and increase fuel economy. 

  • Making Fuel-efficient Upgrades

Telematics, tire pressure and the air conditioner are all practical ways drivers can improve their fuel economy, but they can only go so far. Vehicles gradually see reduced engine performance and efficiency as they age. Fleet owners could opt for new cars or add new parts to the current ones. The long-term benefits of fuel-efficient upgrades will offset the upfront costs of part replacement. This can extend the car’s life and reduce maintenance costs.

Fleet owners can upgrade their vehicles with a high-flow cold-air intake system. This aftermarket swap imports cooler air into the intake system. It’s denser with oxygen, so the air-to-fuel ratio increases and the vehicles burn less fuel. 

Replacing spark plugs is another manageable upgrade for fleet owners. Swapping the current set for iridium plugs improves fuel economy through a better ignition system.

  • Watching Vehicle Weight

Transporting goods is at the center of many fleets. The world wouldn’t be the same without truck drivers, delivery vans and more. However, fleet owners should be wary of their vehicles’ weights because they can significantly impact fuel economy. Automakers have made vehicles lighter over the years, but the pounds can still add up. Vehicles can increase their fuel economy by 1% for every 100 pounds removed from the machine. 

Depending on the vehicles used, there are ways to decrease the weight without compromising the machine’s performance. One strategy some professionals use is swapping the tires. Lightweight wheels made from aluminum are strong and durable. Other options for lowering the weight are downsizing the engine and replacing the hood with an aluminum or carbon-fiber alternative. Over time, the fuel savings will add up. 

  • Incentivizing Drivers 

There are numerous strategies for reducing the cost per mile, but they’re only as effective as the drivers who implement them. Fleet owners could create an incentive program for their employees by tracking their stats every month. For example, they could use a scorecard to monitor habits like speeding, productivity, fuel saved and seatbelt use. Top performers receive a prize at the end of the month, whereas the low rankers present a teaching opportunity. 

Incentives go a long way for employees, no matter what industry they’re working in. About 81% of employees say rewards programs and recognition strengthen their sense of belonging at work. Rewards motivate people to do better, and friendly competition helps fleet owners reduce their cost per mile.

Reducing Fleet Costs in 2023

Managing vehicles can get expensive in a hurry. Fuel, maintenance and other expenses pile up for fleet owners who need to save every penny they can. Management teams can mitigate costs, and drivers can also take the initiative while on the road.

Fleet owners should look for these cost-effective strategies to stretch their dollars, which can also improve the planet’s health and boost employee morale.

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Archives, Education, Global Logistics, Global Trade Daily, Uncategorized

10 Must-Have Tools for Supply Chain Managers in 2023

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Today, people spend thousands of dollars on their businesses. And if they make a simple mistake, their business might get doomed. Moreover, their competitors can take their place. But with supply chain management tools, business owners can avoid such errors. 

As per recent reports, 57% of companies consider they gain a competitive edge from supply chain management.

So, the future of your business is bleak without supply chain management. With it, you can certainly succeed and won’t have any margin for error. 

That’s why in today’s competitive supply chain market, if you are not the best, then you aren’t winning. And to do the best, you need some tools for supply chain managers.

The article covers the 10 must-have tools for supply chain managers in 2023. These tools help them cut down on financial loss and errors.

Must-Have Tools for Supply Chain Managers in 2023

As the world of business changes, so too does the role of the supply chain manager. Newer, more efficient methods are replacing what was once considered best practices. Supply chain managers must constantly innovate and expand their toolkits to stay ahead of the curve. 

But with so many options on the market, it can be difficult to know which tools are worth investing in. This list of 10 must-have supply chain tools for 2023 will help you make the right choices for your business.

  • Communication Tools

During the recent global COVID pandemic, staff shortages and shipment delays have occurred. This created problems for supply chain managers. This is where communication became more critical than ever in supply chain management.

As you know, effective communication is a vital component of business success. In fact, according to Grammarly and Harris Poll research, U.S. businesses lose $1.2 trillion annually because of poor communication. 

That’s why communication tools are essential to reduce supply chain risks. Risks include missed opportunities, poor inventory management, late deliveries, and damaged client relationships.

Proper communication, as a whole, reduces employee stress and increases supply chain productivity. The communication tools include virtual phone numbers, emails, video conferencing, instant messaging, etc., as a medium to keep the business communication going in full flow.

  • Shipment Tracking Software

Companies invest in shipment tracking software to provide real-time updates to their customers. Warehouse scheduling software collects and updates data in real-time so customers can know the exact location of their order.

With a solution like this, you can gain better insights into your supply chain. Some benefits include

  • Delay or late delivery alerts are sent to shippers.
  • When packages get damaged in transit, companies are notified. This will allow them to solve the problem and please their customers.
  • Shipment Status Alerts and Updates are a great way to ensure your shipments arrive on time.

ShipHawk and Orderhive are the best shipment tracking tools for SMEs.

  • Order Processing and Management Tools

Order processing is of utmost importance to any supply chain manager. That’s why companies need order management tools to handle all the orders. 

Order management software is used to place orders for goods and services. With this tool, you can manage your orders, process sales orders, fill orders, process payments, and bill your customers.

Companies can streamline their order process by simplifying and automating it. Users can also access historical data related to the order and track order status in real-time, so there is no chance of any order errors.

  • Lean Inventory Management Tools

A manufacturing-oriented business needs the proper amount of raw materials and inventory. The warehouse should not have materials stored because it causes unnecessary maintenance costs. A shortage of materials is also not ideal. 

That’s why lean inventory management tools are necessary. These lean inventory management software avoid the excess production of goods.

The concept involves businesses providing as many products as there are orders. Calculations are based on customer demand. With Lean inventory tools, businesses can reduce warehouse premise space and inventory expenditures, accelerating order planning.

  • Warehouse Management Tools

A company booster’s supply chain should always include warehouse management tools. The tool will help you manage all warehouse activities and tasks daily. 

The tools are customizable and can be tailored to the needs of your business. Tracking and receiving products, route planning, and cycle counting are all intertwined aspects of logistics they can help you manage.

Further, these warehouse management software help companies manage the bundling and kitting process. It also enables users to manage many warehouse locations.

Amazon has revolutionized warehouse management systems, including how companies manage their warehouses. Logix Platform and SphereWMS are the ideal warehouse management tools for the supply chain management.

  • Demand Forecasting Tools

As we discussed, lean inventory tools are effective for supply chain management. But to achieve lean inventory operations, you must meet clients’ ever-changing needs. And the most effective way to do so is with demand forecasting tools.

Using a demand forecasting tool will help you generate accurate projections for the future based on past trends. You can generate forecasts at your convenience and use the insights gained to improve your strategy quickly. 

With the help of supply chain forecasting tools, companies can anticipate customers’ needs, plan production, manage suppliers’ relationships, and anticipate new needs.

Several factors have contributed to the global trade roller coaster ride, resulting in continuous fluctuations in supply-demand dynamics. This has made demand forecasting critical for businesses worldwide.  

Logility Solutions and SAP integrated Business Planning are the best demand forecasting tools.

  • Supplier Management Tools

You must have Supplier Management software if your business has multiple suppliers in different regions or needs to perform quality procurement. 

These tools help businesses to manage costs and better understand the timeline and impact of a business partnership.

Further, supplier performance analysis shows how each supplier has impacted a business model. 

With this software, you can adjust or change your supplier relationships by estimating the value of your partners, collaborators, and contributors. This software is often used to conduct bids, auctions, and negotiations.

  • Analytics and Reports Tools

After supply chain software gathers information, business analytics and reports tools are necessary to determine the best action. A supply chain analytics and report tool are vital to analyzing consumer demand and estimating suppliers’ performance. 

Using supply chain analysis tools, you can evaluate your inventory, your brand’s viability, and its market competitiveness. They also compress the data and reveal a complete picture of the physical inventory, shipments, and the company’s health.

With demand forecasting, analytics can help you identify errors and gaps in your supply chain to ensure you are not just meeting demand but doing so as efficiently as possible. Using analytics, you can gain insight into the company as a whole or its sectors individually.

Additionally, reports are the final result of analytics. But the different types of analytics can produce different kinds of reports. Yet, all have one purpose: to convey what the data means. Each report will teach you how your supply chain is doing compared to your key performance indicators. 

With reports tools, you can find out the popularity of a product, process orders, and determine if there have been any errors or malfunctions. They will instantly detect even the smallest delays in your supply chain.

In this way, you can organize your supply chain management strategy to meet your goals.

  • Security Features Tools

Typically, supply chain managers concentrate on the supply chain, ignoring security. However, ignoring safety exposes your business to risks. 

Businesses risk losing partners, customers, and reputations due to data theft. Your customers may also be at risk of having personal information, credit cards, and passwords stolen.

For instance, a third party with access to your demand forecasts will likely know who your customers are and what they like. Consequently, other companies have a better chance of selling to your market and lowering your profit margin. Moreover, having financial data stolen can damage supplier relationships.

So business risk management is one of the crucial tasks a supply chain manager should take of. And they can use security features tools to eliminate the risk of identity theft, data theft, or data exposure and safeguard themselves. 

By utilizing machine learning services for supply chain security, you can ensure that your business is safe, intact, and protected from fraudulent behavior.

Companies can include security measures such as avoiding third-party vendors with low-security standards, proactive patch management, prohibiting the creation of backdoors, and breach response procedures.

These smart security features tools take the extra step in shielding your data and provide restricted dashboard reporting. 

Further, it prevents third parties from interfering and restricts access to specific files. You can also utilize biometric devices to track accountability. These security measures act as risk management.

  • Compliance Tools

Consumers, now more than ever, want their products to be well-made, safe, and ethical. Interested consumers want to know how and where the products are manufactured. That’s why suppliers need to ensure that their standards meet the consumer, government, and industry expectations.

Fortunately, today’s tools make it easy to comply with environmental and ethical regulations. For example, some solutions permit users to inspect suppliers to ensure that the minerals obtained are conflict-free.

The purpose of compliance tools is to simplify the process of analyzing your suppliers and prevent you from ordering products that are not compliant. Thus, compliance tools in supply chain management make way for clean and transparent business processes. 

Furthermore, because supply chain management tools offer ease of use at their core, it is easy to access records to prove compliance during audits. 

Conclusion

Optimizing supply chain processes is made possible by supply chain management software. These tools can help users reduce costs and errors and optimize the entire process. 

Indeed, these specialized tools and techniques enable brands to avoid too costly pitfalls. Using all the tools to remain competitive and increase production is better. When these entire supply chain tools are coupled together, they maximize the efficiency of the overall supply chain.

FAQs

What are the tools used in supply chain management?

A supply chain manager must use the latest tools and technologies to remain competitive. The most that are used in supply chain management are

  1. Communication Tools
  2. Shipment Tracking Software
  3.  Order Processing and Management Tool
  4.  Lean Inventory Management Tool
  5.  Warehouse Management Tools
  6.  Demand Forecasting Tool
  7. Supplier Management Tool
  8.  Analytics and Reports Tools
  9. Security Features Tools
  10. Compliance Tool

What are the 7 R’s of supply chain management?

A strong supply chain management process consists of the seven R’s for effective logistics. And according to the Chartered Institute of Logistics and Transport UK (2019), the 7 R’s are:

  • Right product
  • Right place
  • Right price
  • Right customer
  • Right condition
  • Right time
  • Right quantity

What are the 3 pillars of supply chain management?

The three main pillars that support the sustainability of supply chains are

  • Strategy
  • Service
  • Cost. 

What are the 5 P’s of logistics?

5Ps are the biggest cause of logistics and marketing conflicts. And these 5 P’s are:

  • Product
  • Price
  • Place
  • Promotion 
  • Packaging
How to Submit ISF Filing to Customs and Border Protection
Archives, Global Logistics, Global Trade Daily

How to Submit ISF Filing to Customs and Border Protection

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All importers are required to submit ISF filing for cargo bound for U.S. ports. ISF, or Import Security Filing, is a documentation system that ensures all cargo passing through U.S. ports is legal and safe. ISF can sound complicated at first, but it comes down to a single form that gets submitted electronically. This guide will cover all of the details of how ISF works, what data is required, and how to submit ISF filings.

What Is Import Security Filing?

Import Security Filing and Additional Requirements is a rule established by U.S. Customs and Border Protection (CBP). Also known as ISF or 10+2, this rule requires importers and agents shipping cargo to the U.S. over ocean or sea transportation to file information on their cargo with CBP. Complying with ISF allows CBP to ensure that no illegal cargo is passing through U.S. ports.

ISF only applies to cargo shipped via ocean or sea – it does not apply to cargo imported by air. However, ISF does apply to Foreign Cargo Remaining On Board (FROB), Immediate Exportation (IE), and Transport & Exportation (T&E) shipments. The data needed for these types of shipments differ slightly from the requirements for standard inbound cargo.

ISF Importer Responsibilities

The importer for a cargo shipment destined for the U.S. is responsible for completing an ISF filing for the shipment. Importers are generally the owner, purchaser, or agent responsible for the goods being shipped. The requirements are fairly straightforward, but there are two different versions of ISF for different cargo types.

Regardless of the cargo type, importers are required to submit their ISF filing at least 24 hours before the shipment departs for its journey to a U.S. port.

ISF 10+2 vs. ISF 5

U.S. Customs and Border Protection has two versions of ISF: ISF 10+2 and ISF 5. ISF 10+2 is the most common, applying to standard inbound cargo. ISF 5 requires fewer data to be submitted and applies only to transit cargo, including FROB, IE, and T&E shipments. Any importer who is unsure which category their cargo falls under should contact U.S. Customs and Border Protection.

ISF 10+2 applies to all cargo, including goods that are entering the U.S. or being shipped to a Foreign Trade Zone. The ISF 10+2 form requires 10 data elements related to the shipment: Seller, buyer, importer of record number or FTZ applicant ID number, consignee number, manufacturer or supplier, ship to party, country of origin, and Commodity Harmonized Tariff Schedule number. The ocean line must provide two additional data elements: The vessel stow plan and container status messages.

ISF 5 is similar but doesn’t require as much data. This shorter form applies only to transit cargo. ISF 5 requires five data elements related to the shipment: Booking party, foreign port of unlading, place of delivery, ship to party, and Harmonized Tariff Schedule number.

All of this information should be readily available to the importer. However, if the importer is unable to find their Commodity Harmonized Tariff Schedule number, they can refer to the U.S. International Trade Commission database for the schedule and more information. Any other missing information will need to be obtained from the other parties responsible for the goods being shipped. If this person is not the agent completing the ISF filing, the importer will need to contact the cargo’s owner and purchaser.

Consequences of Failing to Comply With ISF

Failing to properly submit ISF filings can result in fines of $5,000 or more, as well as potential penalties on the cargo itself. U.S. Customs and Border Protection may withhold the release of cargo that does not have an ISF filing submitted. Additionally, cargo that arrives at U.S. ports without its ISF filing may be refused an unlading permit and may even be seized by CBP officials.

How to Prepare and Submit ISF Filings

Preparing your ISF filing is a straightforward process that should take importers only a short time to complete. Make sure to get started well before the shipment is scheduled to depart, just in case any data is missing or difficult to track down. Have contact information on hand for everyone connected to the shipment, particularly the owner and purchaser.

1. Gather All Necessary Information as Soon as Possible

The first step to submitting an ISF filing is to gather all of the necessary information for either ISF 10+2 or ISF 5 as soon as possible. Refer to the section above for the complete list of data needed for either ISF format. Most of this should be readily available, but be prepared to contact the shipment’s owner or purchaser. Don’t wait until the last minute to gather ISF data.

2. Choose a Filing Method

Once all of the necessary information is organized, it is time to choose a filing method. Submitting an ISF filing is similar to submitting a tax return; importers can do it themselves or they can hire a third-party agent to submit their form for them.

There are several third-party services available for this purpose, but U.S. Customs and Border Protection also operates a secure online portal where importers can submit ISF filings themselves. Either way, ISF data must be submitted electronically – there is no paper submission option.

3. Submit ISF Filing

Once the importer has selected a filing method, they can go ahead and submit their ISF filing. Remember to double-check all of the data before either submitting or giving the data to an agent or third party to submit. If the data is found to be inaccurate, it could result in fines or penalties from CBP.

4. Tracking ISF Status

Importers can use the CBP portal mentioned above to track the status of their ISF filing. CBP typically does not update the tracking status every step of the way. Importers are simply notified once the ISF data is either accepted or rejected.

Import Security Filing Common Questions

The ISF submission process is usually easy and straightforward with the right information on hand. However, it is common to still have a few questions afterward.

What If ISF Data Changes After Submission?

ISF data can change in the event of last-minute shipping changes or alterations to the goods being shipped, or simply if more accurate data become available. Incidents like this are especially common today due to ongoing supply chain disruptions and delays. Emerging supply chain technologies like IoT can help importers maintain accurate, live status information on their shipments, which may reduce the need for last-minute ISF changes.

If the ISF info does need to be updated, importers have some flexibility to do so. U.S. Customs and Border Protection allows importers or agents to update their ISF data up to 24 hours before the cargo arrives at a U.S. port.

Is There a Fee to Submit an ISF Filing?

Yes, there are fees to submit an ISF filing. Importers have to pay an ISF bond as well as a filing fee. The exact amounts for these fees vary slightly, but the total amount is typically up to $120.

Stay Safe by Submitting Your ISF Filing

Importers protect their cargo, their business, and their customers when they submit ISF filings. U.S. Customs and Border Protection designed the ISF filing system to ensure only legitimate cargo passes through U.S. ports. Submitting the necessary data does not take long and maintains safe and legal shipping standards for importers, port employees, and American customers.

 

How Fleet Managers Can Encourage Fuel-Efficient Driving Habits
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How Fleet Managers Can Encourage Fuel-Efficient Driving Habits

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Fuel is one of the highest costs for fleet managers. Unfortunately, the price of gas and diesel fluctuates often. The past few years have been challenging because of the pandemic, supply chain disruptions and the Russian invasion of Ukraine. 

These factors have caused gas prices to skyrocket and stay high, and fleet owners must find ways to cut costs. Here’s how they can encourage their drivers to save fuel while on the road. 

Enforcing New Policies

The most direct way to encourage fuel-efficient driving habits is to enforce new policies for drivers. Fleet managers could set efficiency metrics for the team and have them aim for specific targets each quarter. Some companies establish a speed limit for their drivers to ensure they get the best mileage possible. 

Training Drivers From the Start

One way to make policies effective is for fleet managers to communicate their expectations from the start. Hiring managers and supervisors can encourage fuel-efficient driving habits by showing new people in training. These workers could be entry-level, first-time employees or seasoned veterans. Either way, fleet managers should ensure they know the expectations and metrics they need to reach.  

Giving Feedback to Drivers

One of the best methods to improve driving habits is to give feedback. Letting employees know how they’re doing and if they’re being fuel-efficient gives them direct knowledge of whether they’re performing well or need improvement. Today’s technology is beneficial because supervisors don’t have to sit with people while they operate. They can use telematics to give feedback from anywhere. 

Telematics serves multiple beneficial purposes for fleet owners, but the best one may be the ability to increase fuel efficiency. These devices recognize drivers’ habits and provide real-time feedback to improve performance. Sometimes drivers may accelerate too quickly on the highway or leave the truck running idle for longer than allowed. Telematics devices can also tell people if there’s a better route with less traffic. 

Altering Driver Schedules

Using telematics is one of the best tools at a fleet manager’s disposal. The ability to see traffic patterns can help companies ease supply chain pains by delivering on time and early. Managers can also keep this in mind for their drivers. Paying attention to trends by the time of day or year can encourage fuel-efficient driving.

Fleet managers should create routes daily based on traffic patterns in the area. The time of day can impact congestion significantly. One highway could have traffic jams frequently in the morning but be mostly clear by midday. Driving at night typically brings less traffic on most routes. 

Another factor to consider is holidays, which could come in the middle of the week if the government doesn’t fix them on a particular day. Also, fleet managers should consider holidays that are exclusive to specific states and counties. These days can affect traffic significantly, so supervisors must be mindful of the traffic patterns. 

Being Mindful of Fuel Capacity

Drivers can go for long stretches in rural areas without seeing a gas station. For example, vehicles on Interstate 70 in Utah can travel for over 100 miles without coming across a service station. Drivers who encounter roads like this should calculate their vehicles’ fuel range to avoid running out of gas. 

For example, say a driver’s car gets 30 MPG and has a 12-gallon fuel tank. They should be able to travel 360 miles on a single tank. Practicing fuel-efficient habits can increase mileage. However, fleet managers should encourage drivers to refuel once the tank reaches 25% remaining. Drivers should multiply the range by .75 and refuel after 270 miles. 

Incentivizing Drivers With Rewards

Employees like to receive recognition for their hard work. Those who regularly put in their best effort and advance the company’s goals deserve praise. One survey found that about 40% of employees did not feel recognized for what they did during the pandemic. COVID-19 has stretched fleet managers thin amid protocols and other challenges. 

One way to boost morale and improve fuel efficiency is by creating an incentive program. Fleet managers can use this tactic by tracking employee data and seeing who has performed the best and saved the most fuel per drive. Drivers who don’t rank highly can reflect on measures they can take to improve. Supervisors can reward the top workers with special privileges like monetary bonuses, gift cards or other prizes. 

Lightening the Load

There are a few ways drivers can benefit their managers by implementing fuel-efficient tactics. However, fleet managers can also take measures to set their drivers up for success. An excellent way to start is by monitoring the amount of weight on each vehicle used. 

Heavy vehicles have difficulty saving fuel. Most automobiles have gotten lighter over the years, but freight can still weigh down a fleet. Every 100 pounds of cargo reduces the miles per gallon by 1%. That can add up quickly on a long-haul truck. Fleet managers can encourage fuel efficiency by lowering cargo weight, removing unnecessary items and replacing drag in vehicles. 

Purchasing Fuel-Efficient Parts

Another way fleet managers can help their drivers save fuel is by changing particular vehicle parts to make them more aerodynamically efficient. Semi-trucks can weigh about 35,000 when empty, so every pound goes a long way. One way to improve aerodynamic efficiency is by installing drive wheel fairings, which reduce the distance between the wheels and the trailer. The reduced airflow lowers the amount of drag and enhances efficiency.

Managers can also install fairings on the rear to lower the amount of turbulence the trailer encounters. Employees can easily take them apart when unloading and reattach them when finished. Some fleets employ cab extenders and attach them to the cabin. They help the airflow and restrict the amount of crosswind that can affect drag and fuel efficiency. 

Getting Maintenance Checks 

Fleet managers can extend the life of their fleet by getting routine maintenance checks. These appointments increase fuel efficiency by ensuring all parts work at their peak level. Some of the  elements fleet owners should examine are:

  • Tires: Tires can have a significant impact on fuel efficiency. Fleet managers and drivers should track the PSI constantly and ensure it’s optimal for each tire. Underinflated tires compromise fuel mileage by about 0.2% for every pound dropped.
  • Air filter: Another maintenance point affecting fuel economy is the air filter. It will have difficulty with airflow once it traps debris and dirt from the road, resulting in lower efficiency. Fleet managers should regularly replace the air filter to improve fuel economy.
  • Engine: Engine tuneups are a necessity for fleets. Supervisors may see they need to replace the spark plugs or oxygen sensors when tuning the motor. Another way to help the engine is to upgrade the oil to a low-viscosity blend.

Creating Fuel-Efficient Drivers

Fuel costs are unpredictable and one of the largest expenses fleet managers have to deal with. They can mitigate costs by encouraging fuel-efficient driving habits. Small changes here and there can add up to significant savings in the long run.

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Here’s What It Takes to Be Agile During Global Supply Chain Disruptions

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Despite the hindrances the pandemic put on it, the global beauty industry is worth an estimated $511 billion. That persistent growth continues despite an environment where global manufacturing has declined, traffic has piled up, and workforces have been slashed. While still thriving, beauty brands are just one of many industries left vulnerable to these disruptions — and this may be why you’re waiting months for an item to restock or why store shelves lay empty.

To be sure, most industry supply chain issues aren’t just pinned to one specific barrier. They’re a combination of factors, from ingredient sourcing and manufacturing to employment shortages and importing issues. Supply chain disruptions have impacted countless brands’ packaging and ingredient needs, resulting in companies having to scale back on new product launches, change their timelines, and alter their order quantities. In some cases, brands are running out of product and being forced to order much larger quantities than usual to ensure they’re fully stocked to meet customer demand.

Thus, supply chain management in every industry requires agility. Companies that plan accordingly and use fresh data to adjust their methods and procedures are the ones that will continue to thrive.

How Industry Supply Chain Challenges Impact Business Operations

The challenges faced by the cosmetics industry in the supply chain mirror those of just about every other industry and have the potential to be endless. Mismanaged supply chain and fulfillment issues impact business operations in a plethora of ways.

First is the obvious result — companies having too much or too little of the products they need. Then, there’s the aforementioned pushing back (or complete forgoing) of product launches due to delayed packaging or ingredient shipments caused by those backed-up supply chains.

Companies such as Meraki Organics Inc. had to list items as “sold out” on its website due to such ingredient shortages and packaging issues — not great timing, considering it was around Black Friday and Cyber Monday. Peak selling seasons are integral for companies, so it’s extra important to plan during those times for any supply chain hiccups. A lack of proper preparation could seriously impact revenue in negative ways.

A way to properly plan ahead is to list out all materials needed to create and package your products. Keep a keen eye on the news to monitor supply chain issues so you can anticipate delays and shortages before they directly impact your company. For example, during peak Covid times, there was a shortage of glass bottles since they were in high demand for vaccine producers. This inadvertently affected many sustainable beauty brands that rely on glass for their products.

Supply Chain Strategies to Stay Ahead of the Curve

The industry supply chain can create many challenges for just about any business on earth. For companies to stand the test of time and thwart any curveballs thrown their way, they must have a comprehensive plan to deal with problematic supply chain issues. Here are three tips for leaders in all industries that rely on steady manufacturing and an efficient supply chain on how to do just that.

  1. Get proactive.

Track product sales and usage to forecast when you need to put in orders to restock. Sales cycles will vary across different companies, so it is important you track your company patterns closely so you can identify instances when you’ll likely require more product than usual.

To do this, choose a time frame that makes sense for your business. It could be over the course of a month, quarter or year. Then, choose what you will measure. Are your clients buying more skincare-related products or makeup? Are they buying moisturizer with sunscreen all year round or only during the sunny months?

As you are keeping tabs on your sales, simultaneously track factors that may be affecting your final conclusions, such as inflation on raw materials, internal changes, new competition in the market, etc. Tracking outside factors will give you a better grasp on what is affecting the purchases of your consumers and help you better forecast for the future.

Sales predictions can be a good indicator for investors when making important business decisions. It is always best to estimate your numbers conservatively — the old “underpromise and overdeliver” mantra. Keep in mind all the factors that can impact your products’ sales, such as industry competitors, economic variables, material issues, and overall market indicators.

  1. Work with a transparent contract manufacturer.

Companies are increasingly realizing the importance of tracing their products in the supply chain. This requires strong relationships with the manufacturing companies you work with. It is crucial that your CM be transparent with you about what is being delayed and for how long, as this is vital for your planning purposes.

Remember the two Ts: traceability and trust. When you have trust, you can trace — and thus you can plan appropriately when unavoidable delays arise.

  1. Have a backup plan.

If a product or collection can’t launch or will be delayed, it’s crucial to have a Plan B (or C) in place. You never know what issues might arise and catch you flat-footed when urgency is key.

Let’s say your CM is low on an essential ingredient. Make sure this partner has other vendors it works with so you have other options at your disposal. That way, if they run out of an ingredient, they can try to source it from elsewhere. Different products obviously require different technical skills from research and development and different machinery for production.

As company leaders, you must prepare for crises such as shortages and industry supply chain issues. Your ability to manage these supply chain issues not only helps your company stay afloat but it also further solidifies your reputation in a market where consumers are looking for reliable brands. Utilize these tips to give your brand breathing room when supply chain challenges inevitably affect your business.

Mark Wuttke is the Chief Growth Officer at Cosmetic Solutions Innovation Labs, a globally recognized contract manufacturer and innovation partner that offers the operational excellence of large-scale contract manufacturers with the proactive leadership and flexibility to help brands grow on their terms.

 

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Archives, Education, Global Logistics, Global Trade Daily

How to Start a Logistics Company and 7 Digital Marketing Strategies for Your Transport and Logistic Business

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Are you starting a logistics company? Is the logistics industry too competitive for small businesses? No, it isn’t. Due to the increasing demand for global delivery, you can find many business opportunities. Different digital marketing strategies will help your transport and logistic business gain exposure. This guide will walk you through starting a transport and logistic business. It will also give you a good understanding of what is required in running a logistics company.

How to Start a Logistics Company

A logistics company is a business that transports goods and services from one place to another. The process of transporting cargo includes many steps, including;

  • Loading and unloading of goods
  • Shipping
  • Inventory management
  • Delivery

A logistics company must handle these tasks efficiently while maintaining customer service standards. So how do you start a logistics company?

Analyze the Target Market

Are you wondering how to start a logistics company or a transport and logistics business? Look at other businesses that are providing similar services in your area. Find out their customers, how much they charge for their services, and their marketing strategies. 

This will help you understand how you can compete with them and what methods have worked for them in the past. You can use this information to create a unique strategy for marketing your business.

Set a Goal

You must set goals before you start your business. A common mistake that many people make is that they do not have any goals set for their business. This can be very damaging to the growth of their company. You need to know what you are trying to achieve and how you will get there. Setting these goals will help you focus on what needs to be done and how much time it will take for you to reach them. 

Prepare a Business Plan

You need to prepare a business plan. This will help you decide on the best action to start your transport and logistic business. The plan should include details about: 

  • How much money are you willing to invest?
  • What equipment and staff do you need?
  • Where will you operate?
  • How much profit do you expect to make?

It should also include information about what customers you want to attract and how much time it will take for them to start using your services.

Get the Necessary Licenses and Permits

You must get the necessary licenses and permits to run a successful business. This is especially true if you plan to operate within specific business areas. Or if you’re providing services requiring special permissions from government agencies. For example, suppose you plan on transporting goods across state lines or international trade. You must ensure that you have all the required paperwork before starting operations.

Obtain Funding

Before starting your transport and logistics company, you need to get funding. You can apply for a loan or ask friends and family members for help. You could consider crowdfunding platforms if you don’t have access to these options. Many websites allow you to raise money from investors, but some require you to pay them back with interest. Once you have the funds, it’s time to think about how you will use them. Your business plan should include how much money you need for each aspect of your business. 

Choose a Business Location

You should select a location that offers easy access to major transportation routes, rail services, and airports. The best locations will also access ports, warehouses, and robust infrastructure. This can be crucial for businesses that ship products worldwide or deliver goods locally.

Securing Insurance Coverage

You’ll also need to get adequate insurance coverage before opening your business. This is especially important when dealing with dangerous materials such as hazardous chemicals or heavy machinery. You may need special liability insurance if customers are permitted on your premises, such as in an office or warehouse setting.

Digital Marketing Strategies for Logistics Companies

To get started with your own logistics company, here are some digital marketing strategies that will help expand your reach:

1. Performance Marketing

What is performance marketing? Performance marketing for logistic companies is a form of paid advertising on search engines such as Google, Bing, or Yahoo! It allows you to bid on keywords that relate to your products and services. When someone searches for these keywords, your ad will appear at the top or bottom of the page for a short period.

You can also purchase sponsored links on websites and blogs with high traffic levels. Suppose you have an article about shipping services on your blog. You could pay to have it featured on other sites with similar topics. This way, you can reach new customers seeking information about shipping services.

2. Create an Attractive Website

An attractive website is essential because it is one of the first things people see online searching for services like yours. Your website should include all the information about your company, including; 

  • What services do you provide
  • How much they cost
  • Contact information
  • Clear pictures or videos
  • Testimonials from previous customers

You should also include pictures of yourself or employees and any awards or recognitions your company has received in the past year or two.

Infographic explaining different digital marketing strategies for logistic business

3. Focus on a Quality Local SEO Strategy

To ensure you get more visibility online, you must focus on a quality local SEO strategy. You will need to create high-quality content that will rank well in search engines like Google and Bing. The more people find your website when they search for similar keywords, the better off you will be as far as getting new customers is concerned.

4. Use Technology to Your Advantage

The Internet has been a game changer for businesses in many industries. It allows people from different parts of the world to communicate, share ideas and find new partners for business ventures. A transport and logistics company can benefit by using social media platforms to connect with potential customers.

5. Create Top-Notch Content

You should always create new content on your website that will help educate your potential customers. You should show them what makes your company unique. You want this content to be exciting and helpful so that people will share it online or through social media platforms. People who like what they see on your site are more likely to purchase from you.

6. Social Media Marketing

Social media is one of the best ways to connect with potential customers and build trust. You can use social media platforms like Facebook or Twitter to share interesting stories about your company or products. You could post images and videos that people will find attractive. This will help increase brand awareness and build trust with potential customers who want to do business with you.

7. Email Marketing

Email marketing is another excellent way to get more leads for your transport and logistic business. You can send newsletters or promotional emails on behalf of your business to people who have signed up. Mostly, they can sign up through your website, social media platforms, or Google AdWords advertisements. These emails should include helpful information about your company.

Conclusion

If you are planning to start a logistics company, you should prepare a digital marketing game plan. Developing a digital marketing strategy is essential to grow your business, sell more products and services, and get more clients. These days, the competition is exceptionally high. Even small businesses can compete with big companies in their respective industry.

 

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Archives, Executive Education, Global Trade Daily, International Trade

LOGISTICS AND TRANSPORTATION PROGRAMS AWAIT AT HOME AND ABROAD

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There are tons of transportation and logistics programs out there. But the question is: Which program will get you from Point A (where you are now) to Point B (where you want to be)? We imagine that where you want to be includes being fully integrated into a global supply system with cutting-edge ideas, and training that helps to bring solutions to the problems of 2020 and beyond.

Here’s our round-up of five transportation and logistics education programs, worldwide. There are plenty more, but these are ones we think are a good place to start.

UNITED STATES

MIT: Masters in Supply Chain Management

The Massachusetts Institute of Technology program takes students from the lab to the real world of transportation and logistics. Students take what they’ve learned from researchers and experts in transportation and logistics, bringing their new knowledge to the global market. The curriculum includes analytical problem solving, communication, and leadership. Courses include: Logistics Systems, Database Analysis/Information Systems/System Technologies, Finance, Economics, Accounting, Leading Global Teams, Technical Communication/Writing, and Analytical Methods. Students in the master’s program undertake a research project (called a capstone or thesis), where they work with industry experts to solve real-world supply chain problems.

This program has two options: a Residential program and a Blended program. The Residential program is a 10-month on-campus program. The Blended program is a five-month program that blends both on-campus and online classes. Accepted applicants have a choice between studying for a Master of Applied Science in Supply Chain Management (MASc-SCM) or a Master of Engineering in Supply Chain Management (MEng-SCM).

Purdue Univerity Karanner School of Management: Master of Science in Global Supply Chain Management

The Master of Science in Global Supply Chain Management (MSGSCM) helps develop skills in supply chain management, business analytics, and operations. It ranks No. 12 for Top North American Graduate Supply Chain Programs in Gartner’s. Best-Masters.com ranked it No. 2 in the world for Masters Programs for Transportation and Logistics in 2018. This program prepares students for leadership roles through formal and informal education opportunities with industry leaders. A traditional, 18-month program, for those with little work experience, and a 10-month accelerated program for people with 6+ years of industry experience are offered. Courses include: Intro to Operations Management, Supply Chain Analytics, Summer Semester Experiential Learning and Logistics Strategic Sourcing.

PERU

Pontificia Universidad Catolica del Peru CENTRUM Business School: International Corporate Master in Operations

The International Corporate Master’s Degree in Supply Chain Management helps people to have a strategic impact on supply chains. The focus is on service and applying tech and global management standards. This program is open to operations and logistics professionals with 3+ years of experience and is open to looking at things from a global point of view. Courses offered include: Supply Chain Management, Statistics, Tools or Managerial Decision Making, Qualitative Research of Food Marketing, Management of Procurement, Warehouse Management, Management of Data in Organizations, and Research Methodology. Admissions are year-round. Applications, which are processed within two weeks of receipt, include an interview that is set up immediately.

ITALY

MIP Politécnico di Milano Graduate School of Business: International Master in Supply Chain and Procurement Management

The Master In Supply Chain Management helps transportation and logistics professionals build a global supply chain career with a competitive advantage. The program, which provides strategies to increase revenues and lower costs, also champions innovation and novel ideas. Though it takes place in Italy, it is taught in English and is a full-time program over the course of 12 months. Tuition is $17,651 U.S. (or 16,500 Euros). The program is created for graduates with fewer than three years of work experience.

Topics of focus are innovation, technology, and sustainability, with additional training in soft skills. It’s accredited by CIPS, the largest professional organization serving supply chain management. It is also listed at No. 4 for the Top 2019 Best Masters in the Eduniversal Ranking. The average class size is 25 students. Applications are accepted on a year-long rolling basis. The degree awarded after graduation is the First Level University Specializing Master, recognized by Italy’s government. Students should check with their respective countries to confirm that the degree is transferrable. Some of the skills desired in applicants are an affinity for leadership, an openness to learn about a range of areas in procurement/supply chain, and business and analytical skills.

FRANCE

Kedge Business School: MSc in Global Supply Chain Management

On average, graduates of the Kedge School of Management have a salary of 42,800 euros ($45,927.40 U.S.). All who graduate work in an international capacity, 95 percent are offered a job before graduation and 80 percent join a large company. This MSc degree prepares students for the new era of supply chain management, boasts Kedge, which specializes in teaching within a multicultural framework, with students from more than 20 countries. To this end, students have the opportunity to learn from a diversity of experiences and ideas and build skills to overcome cultural differences.

The MSc in Global Supply Chain Management also offers different supply chain workshops, such as seminars for consultancy assignments, where students apply lessons learned to specific conditions. Students also work with business leaders from such companies as LVMH, Amazon, and Renault and also participate in a six-month internship to solidify supply chain education in real-world settings. This program aims to teach students to embrace change and integrate new ideas and approaches. The MSc program is for three semesters and costs 19,500 euros ($20,862 U.S.). Applications are accepted on a rolling basis from October to July. Scholarships are awarded to 45 percent of the international students.

These programs in the U.S., Peru, Italy, and France only scratch the surface of all that’s out there for those looking for a way to move to the next level in their logistics, transportation and supply chain careers. All of these programs will give you the tools that you need to move forward in an ever-changing, fast-paced world. And with additional education under your belt, you’ll be able to take your transportation and logistics career to new heights.