Supply Chain: Lowering Your Total Cost of Business
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Minimizing Supply Chain Risks
The outlook for the economy looks rosy, fueled by increasing vaccine rollouts and the reopening of communities and businesses. Even the much publicized labor shortage may be a sign of recovery from the pandemic, as many workers leave…
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Strategies to Reduce Freight Costs
Vaccines and warmer weather continue to steadily reopen the world economy. There are increasing crowds in brick-and-mortar stores, restaurants, and other public places of business, and consumer confidence appears to…
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Reducing Logistics Costs in the Post Covid Economy
Consumers may not be aware of it, but most companies engaged in shipping products are likely struggling with rising logistics costs. On the one hand, the COVID economy has led to…
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Best Practices for Managing Supply Chain Costs
While many industries have suffered because of the pandemic, the demand for faster, more efficient, and more intricate supply chains has only increased in the COVID-19 economy. Consumers increasingly purchase goods online and expect delivery to their doorsteps, and developers can’t…
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Building a Cradle-to-Cradle Supply Chain
The cradle-to-cradle supply chain is a relatively new idea that builds upon the circular business model. When executed correctly, this strategy makes an entire network more sustainable while improving resource…
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Implementing Continuous Improvement in the Supply Chain
Throughout the Industrial Age businesses have looked for continuous improvement in the supply chain. Managers sought ways to streamline operations and eliminate waste by establishing working protocols, leveraging new technology,…
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How 5S in the Warehouse Can Increase Throughput and Reduce Waste
Early in Hiroyuki Hirano’s classic sourcebook on 5S methodology in warehouse operations and factories, 5 Pillars of the Visual Workplace, he introduces readers to the “red-tag” strategy for visualizing waste.…
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3 Cold Chain Logistics Challenges—And How to Solve Them
Cold chain management has transformed to meet the growing global demand for fresh food and pharmaceuticals. This transformation has not always been easy, though: businesses running cold chain logistics operations…
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Reverse Logistics and Sustainability: Reducing Waste in the Supply Chain
Reverse logistics, or aftermarket logistics, describes an integral part of supply chain operations where materials and products must return to their point of origin for proper disposal or value recapturing.…
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Breaking Down Warehouse Operating Costs
Warehouse operating costs constitute an unavoidable component of supply chain expenses that impact a company’s bottom line. Since these costs differ from company to company, there is no universal formula…