Filed in September 2013
Sunday, September 01, 2013
The Masters of Logistics have developed strategic partnerships with carriers that enable them to keep costs low while providing
innovative service to their customers—and our data show that this value-added perspective is leading to performance that is
significantly better than their competitors.
In this new era of collaboration, some third-party logistics providers (3PLs) are working with enlightened shippers on a new approach rooted in recognition that better logistics management can have a direct impact on the bottom line for both parties. Here’s one example of how it’s being done.
Our technology correspondent shares how two logistics organizations are getting the most from their warehouse management systems (WMS) while gaining shipping efficiencies and streamlining their supply chains along the way.
Threatened by “emerging nation” neighbors that can provide cheaper labor and more cost-effective transportation, China is now pushing back with even more development to keep pace.
The lift truck is evolving into a platform for data collection, enabling managers to optimize the equipment, the operator, and the facility.
Market research confirms that the freight forwarding industry is stabilizing, with the market leaders staying on top through mergers, acquisitions, and sticking to core competences.
That crisp, fall breeze signals that it’s time to dig into the findings of Logistics Management
) Annual Study of Logistics and Transportation Trends (Masters of Logistics), the clearest breakdown available of transportation spending across modes and the by far the most comprehensive summary of how logistics professionals are managing their operations in current economic conditions.
It’s been 15 years since I sold a successful third-party logistics business to a group of investors. And I would like to say that the strategy and market approach of the third party logistics provider (3PL) industry has changed greatly in those years, but I can’t.
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This is no magic bullet that makes it possible for organizations to suddenly excel at end-to-end inventory management: to hold the right amount at the right place at the right time; to maximize enterprise-wide responsiveness to shifting demand; and to ensure crystal clear views of in-transit, in-process, and finished-goods inventories.