Many transportation businesses grapple with incomplete data on their supply side, which is hobbling growth plans.
A lot of businesses acknowledge they are struggling to shift gear from low-end cost-based projects to high-hanging fruits.
Ethical and unsustainable production and delivery practices negatively impact an enterprise’s image, and accountability starts at the top!
In a changing landscape, 3PL providers must reengineer their delivery chains to be able to scale and meet customer expectations at no extra cost.
The diversity of input materials can be overwhelming for transportation equipment manufacturers, and high-precision market intelligence is key to overcoming the challenge.
The industry seesaws between cost competitiveness and brand experience, and to get to an equilibrium, a granular cost analysis is essential.
Safety mandates for 3PL providers will reduce the risk of accidents and save lives. It is also good for the environment. But new safety guidelines almost always entail additional costs for providers. However, there are some effective ways you can reduce your compliance costs.
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Challenge: The business was increasingly roiled by unplanned logistics spend and there was an imminent need to consolidate procurement and optimize routing. Moreover, the company wanted to savor more compelling business growth at the higher end of the market.
Solution: At the end of a detailed analysis, our experts succeeded in nailing down areas of excess logistics spending and our team helped the client significantly cut back on such inefficiencies using real-time procurement insights. Going further, our client unlocked opportunities to recalibrate sourcing processes and drive efficiency while managing the risks around them.
Result: Our client was able to not only realize procurement efficiencies but also make top line gains by plugging revenue leakages.
Read More to see the spendedge blogsGathering data on your supplier’s capability to deliver high-quality products is just not enough. More open communication will ensure suppliers not only deliver with quality but also ahead of schedule.
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Mismatches between your needs and what your supplier delivers could weaken business performance. By collaborating intensely with suppliers, you can ensure your penchant for KPIs grows on them as well.