Third-party logistics providers (3PLs) who specialize in industrial freight can provide targeted solutions that reduce operating costs and improve service levels.
Today's new economic environment is increasingly more
volatile, complex and structurally different than in years past,
and in few places is this more apparent than in the movement
of goods and services.
Above average percentage increases in transportation costs could indicate your transportation expenses are cutting into your bottom line. Working with a 3PL, you're able to address the cause for the increase and implement some changes to avoid profit erosion moving forward.
Asset tracking is one of the leading RFID applications. This is because the process improvement delivers some of the clearest benefits and fastest ROI.
When organizations turn to the web to offer their suppliers and/or joint venture partners direct access to services and business processes to reduce costs and speed up processing, a virtual organization emerges.
As enterprises look to minimize complexity, improve inbound supply chain efficiency and reduce costs, there is a growing need for intelligent solutions that provide the visibility, optimization and integration required to ensure that every part, component and package is shipped using the most effective service level.
Analyst Insight: Recently, Big Pharma went through a significant period of mergers and acquisitions to gain a global market presence and product offering expansion. Now it appears the tides may be shifting. A segment of Big Pharma is shedding non-core business units and focusing on core profitability. But the acquisition strategy is not dead. These diverging paths are both focused on increasing flexibility and profitability to adapt to market uncertainty. Supply chain planning and adaptability have moved forward as integration of business units has increased in all regions of the globe. - Brian Hudock, partner, Tompkins International