Category: cost reduction strategies

Logistics is a crucial part of business for every manufacturer. With fuel and machinery market price increases, consumer demand for fast delivery times, and many other budgetary pressures, logistics can contribute to a large percentage of business costs. Taking action to minimize expense is a primary focus for business operations. Management and logistics play a big role in the supply chain, and with the right strategies in place, companies can successfully improve efficiencies resulting in lower operating costs. Here are the key strategies for reducing logistics costs. 1. Maintain visibility of your supply chain Overseeing visibility and control of your supply chain can reduce unexpected costs and improve planning through better management. Disruptions in the logistics [...]