Supply chain management is an integral process especially for companies that are into production of goods. The use of relevant supply chain metrics ensures performance efficiency in all aspects of company operations. Supply chain metrics are important for company executives to have a better understanding of how their company operates within a period of time. By regularly monitoring the critical areas in the supply chain, they can be assured of efficient performance. A supply chain is defined as the network of units that obtain raw materials, units that transform these materials to intermediate goods and final products, and business units that bring the products to customers through a distribution...
If you are finding it too difficult to manage your business all by yourself and also to stay on top of all important business decisions then it is time you considered using business Management Software. Business Management Software A business Management Software is a cost effective and flexible way to automate most of the tasks in your business. For example, if you are an operations expert and hate managing sales, then business Management Software can manage the sales team for you and it can do it quite effectively as well. There are several other aspects of your business that a business Management Software can manage. Let us look at some of them in detail. CRMo CRM or customer relationship...
In Using MS Excel, Supply Chain Management...
A supply chain is also called a logistics network. It is referred to as the system of organizations and personalities, people, technology, methodologies, processes, activities, information, and resources that are involved in the transportation of a given product or service from the supplier to the end customer or consumer. Monitoring this activity is a very tiring process. Fortunately, in using MS Excel, supply chain management becomes much easier for any employee in the workforce. The activities of a supply chain involve the transformation of natural resources, raw materials, and additional components into the finished product. This finished product is the very thing that will be delivered to the...
RFID Applications in Supply Chain Management
-- End Ad Box ---> There are as many RFID applications as there are businesses. Some RFID applications have been around for decades, others are just starting to emerge. RFID, itself, is not a new technology; however, it is being used in many new and different ways. The roots of RFID technology can be traced back to World War II when radio waves were used to identify friendly aircrafts, in the 1970s New York Port Authority introduced an RFID device used for toll collection. While RFID applications used earlier are still around today, many more RFID applications have emerged since then. Today, the largest RFID application aids companies and governments in supply chain management. RFID is being used to...
Supply Chain Management NVQ Level 4 -...
This NVQ is for you if you want to gain Chartered Institute of Purchasing and Supply (CIPS) Membership. You will need a high level of autonomy and you will be responsible for managing other people. The NVQ includes management skills and behaviours as well as strategy, change management, improvement, implementation and the traditional purchasing and contract roles. To encompass the supply chain the NVQ also covers materials management and logistics. To be able to collect the evidence of competency, the candidate must be operating at a senior level within the Purchasing discipline. An essential requirement is the knowledge and understanding associated with the chosen elements and students are expected...
The evolution of reverse logistics for manufactured products is developing in direct proportion to the rapid advancements in technology and the subsequent price erosion of products as new and improved products enter the supply chain at a faster pace. With such thin margins and so much competition, mismanagement of the supply chain can be devastating. Those organizations with the infrastructure to capture and compare the composite value of components with real time intelligent analysis and disposition based on changes in refurbishment cost, resale value, spare parts, repair and overall demand will not only become more profitable, but such flexibility and scalability will allow them to outmaneuver and...
Why We Need Supply Chain Management
If the last 10 years have taught us anything, it's that personal connection and communication are here to stay. While many social scientists posited theories that technological devices and the internet would eventually alienate people from one another, the exact opposite has come to pass. Each new technology-from cell phones to social networking-has sought to bring us closer together and communicate with our neighbor, our friend, or our business associate more effectively. Word travels at the speed of a mouse click and if you are not ready for it, your competition will be. This increased communication speed has highlighted the need for supply chain management systems more than ever before. There was...
A company that intends to implement Supply Chain Management does not necessarily increase their competitive edge. Often times, companies fail to identify the key business issues that are closely related to the effective implementation of Supply Chain Management. The key business issue often related to the effective implementation of SCM in the business processes are market positioning. A company decision in market positioning can be consider as one of the most important key business issues to be dealt with. Market positioning relates to the core competencies that they have and how they utilize it to get ahead from other competitors. In order to compete, non core competencies are outsourced in order...
The percentage of output from service economy indicates whether a country is a developed country or a developing one. Developed countries often posses healthy and strong service industry. The backbone of many service operations are Supply Chain Management or SCM. If you frequent Wal-Mart and wonder how they can offer quality products at low price, you'll eventually lead to a term "supply chain management". In simpler terms, supply chain management generally makes a business run smoother by cooperation across different functional departments in an extended enterprise environment that includes the company, it's suppliers and distributors. Wal-Mart has been a pioneer in supply chain management. A...
Applying Green Principles to Supply Chain...
Green Supply Chain Management has been rising in consciousness with the environment within the last couple of decades. Governments have released campaigns to market this issue to individuals. A number of organizations responded to this by applying green principles to their organization, for instance using environmental friendly raw material, decreasing the usage of petroleum power, and recycling papers for packaging. The green principles have been broadened to numerous departments within organizations, such as the supply chain. Green Supply Chain Management (GSCM) has been emerging within the last few years. This concept covers every single stage in manufacturing from the first to the final stage of...
One of the most important factors to a booming business is having a logistics management plan that addresses the needs of the most central people in your organization: your customers. Whether your company is in the production business or is a middle man involved with the sale of supplies or raw products, there is still a prerequisite to cater to the needs of your customers. Customers are always the main basis of any business and as such, you need to make sure any company plan focuses on them, before anything else. That means your order fulfillment process must tackle issues of prompt shipping and delivery as well as the transport logistics aspect of delivering products in usable condition. Even for...
Proper Supply Chain Management Vital to Success...
Operating in a global market and a networked economy requires a supply chain management element many companies aren't prepared or set up for in-house. Shipping services play a vital role in getting a product from its place of origin to its final destination, but are just one link in the detailed chain that is proper logistics management. If you're company has an operation that relies on international shipping including air freight or ocean freight to do business, Zircon Logistics reminds you of the importance of proper supply chain management in discovering solutions on the way from point A to point B. Supply Chain Management is a term that refers to the planning, implementation, and controlling of...
"Go Green" Business Strategy: EBilling
These days, more and more smart business owners are implementing more environmentally conscious strategies into the way they do business. Naturally, there are many reasons to go green (pun intended) and many consumers are more likely to choose a vendor based on the choice to go green. (Can include a statistic with reference as a resource if you like...) The easiest way for a business of any size to go green is to stop wasting tons of paper and start using eBilling services. After all, it is the 21st century anyways! Not only will this green business strategy look good for your company and build customer loyalty, but you will also save money by reducing the cost of paper, postal expenses, and other...
Information technology is the backbone of the e-business. The electronic business received a boost with the emergence of web development technologies and the popularity of Internet. As a result, the electronic business has grown further and matured over the years. The World Wide Web has brought business and the resultant competition at an international level. The online business has opened its portals to the entire world. Consequently, the market has transformed into an open market system. A latest technology based electronic business can include supply chain management as well as e-mail marketing. There are a variety of applications employed for the purpose of promotion of online business. However...
Tips for Reducing Pain In First 18 Months of...
Sourcing clients generally report that the first year and a half of their outsourced services relationships are a painful time. There will always be startup issues to be addressed. But, assuming you have a strong transition plan in place, you can take a number of steps to ensure that you minimize the pain and maximize success during this complex period. Consider these tips for managing your outsourced services startup: Consider rebadging or seconding your top knowledge talent to your service provider. Most companies retain their top subject matter expert talent for fear of losing knowledge or control. This can result in the service provider team struggling through knowledge transfer; then the...
in 1968, the Philippine Institute for Supply Management (PISM) has evolved to become the country's premier professional association of supply management practitioners. It currently has more than 300 member companies, ranging from conglomerates belonging to the Fortune 500 to small and medium-sized enterprises (SMEs) from various industries. Aside from its Metro Manila headquarters, the Institute has three provincial chapters, namely: Cebu, Davao and Negros Occidental. Our MissionTo be the key contributor to our member companies' success and to the country's global competitiveness by championing the upliftment of the supply management profession and the continuous development of its practitioners to...
Excellent products lose its worth if there are faults in the delivery system. In a competitive world like ours, it's very easy for customers to shift their loyalty. The better the provider, the more is its list of clientele. Every minute aspect of business management is related to its overall functioning and plays a significant role in building a sound image of the company. With great efforts and analysis the strategies are developed that can function at any given circumstances. In between production and the product's final destination, various steps are involved that comprises of product flow, sales and distribution, supply chain, reverse logistics, feedback and many more. Keeping every aspect in...
Many colleges and universities have spent millions of dollars on their enterprise resource planning tool from SCT Banner. Their investment in time, money and resources can result in major efficiencies in various organizations that can help stream line operations. Unfortunately when these institutions purchase an ERP Solution such as the one from Sungard, the procurement management plans and processes still rely on manual paper based formats. Time and time again, these colleges who have purchased a robust application to manage student enrollment, HR planning and other areas do not have the ability to easily create and route purchase requisitions electronically. Enterprise resource planning systems...
Using Visio Drawings To Improve Business Processes
If you own a company, a significant portion of your time is spent on figuring out ways to improve your business's bottom line. One way to do that is through process improvement. For each division in your company, you will want someone to go through and analyze each process that occurs, in order to tighten it and get rid of redundancies and extraneous actions. One way to accomplish this rather daunting task is to take advantage of the visual capabilities of Microsoft Visio. Visio drawing is just what you need to help your business save money through process improvement. There are many templates that occur repeatedly in any business. Microsoft Visio provides a wealth of these templates for you to...
Integrate Your Procurement Management Software...
Enterprise resource planning tools are not only used by private industry but also used by colleges and universities to manage their financial, human resource and other business critical systems. SCT Banner is one such application designed to help colleges and universities manage their business functions. One area that it this ERP tool does not pay a lot of attention to is the purchasing process. Of course you can create an online requisition, but the overall process may be too cumbersome for most end users. SCT Banner is very strong in managing the General ledger and other financial functions, but like most ERP systems, it does not create a user friendly purchasing process. This is where integrating...
Measuring Business Processes
Often the wrong people are making these decisions, they aren't bad people but they should rely on those who work with Technology and understand the implications of making the wrong choices. One of the best ways to prevent the wrong people from making I.T. decisions is to make sure all business processes are well documented and measured (weighted). Why you ask? * If all subject matter experts in your business were to document their business processes, you would know exactly what each staff person has to do each and everyday to get the job done. * You then have a foundation to measure the right software applications for your business * These business processes can now be measured and weighted to help...
Implementing New Business Management Software:...
-- End Ad Box ---> As a small business or a business just getting started, you might be using an entry level accounting system where the investment in training and configuration is minimal because the product is fairly easy to use. Often these systems are ideal until your business begins adding more users and your business processes become more complex than what the system can support. When a small business decides to implement a new accounting or business management system, it cannot shut its doors or stop day-to-day responsibilities to install, configure, and test a new system. Also, it cannot expect to start using a new system without investing time to consider potential improvements to existing...
Most organizational operations are made up of a series of processes. Important processes include marketing, sales, order fulfillment, new product design and introduction, financial, information technology, customer support, human services, operations planning and production. The overall organizational business processes provide an excellent opportunity for creating greater efficiencies. In fact, the integration of agile work-flow systems throughout the organization is important so that the organization's business processes are clearly documented understood and optimize. A good process requires more than simply documenting how something is accomplished. A good process takes into account how it...
What is Benchmarking of Business Processes?
Benchmarking is used in deciding what is the most efficient way to handle a particular business process. The benchmarking of a particular process involves participants who participate in the benchmarking study. The participants are large corporations, usually industry leaders. The process of benchmarking is done by various organizations. Their are large organizations that cover most all business processes. Some of the benchmarking associations specialize in particular industries or certain types of processes. The size of the organization does not determine the actual value of the results. The results of the benchmarking study produce a "Best Practices" for a business process. Their is a framework...
Fine-Tuning Your Business Processes Helps to...
There are three key business processes involved in operating an entrepreneurial enterprise-management, strategy and operations. Ideally, all three business processes are tightly integrated. The management process provides a framework for hiring, training, and managing employees. The process not only helps employees become more effective in their positions, but it also helps to improve employee retention levels. The strategy process establishes both short-term and long-term goals. It clearly defines where you want to take your business in terms of earnings, sales, and revenues, and it also clearly defines how you plan to get there. The strategy process becomes your road map. And finally, the...
Signum Saas Electronic Pull-based Supply Chain...
Datacraft Solutions ( delivers a revolutionary digital kanban process of automation solutions to lean manufacturers through a secure Internet gateway, eliminating the need to install and maintain a complex IT infrastructure. The company has experienced significant growth in the past twelve months by eliminating complicated, expensive, time-intensive software implementations as well as extensive training regiments and the need for internal support. The Datacraft Solutions' replenishment supply chain digital kanban lean system allows customers access and fully utilize powerful lean benefits immediately for a low, predictable monthly fee. Services are scalable so manufacturers can design an appropriate...
How Important is Business Process Reengineering?
Business Process Reengineering (BPR) is known as the secret to a successful business. It plays an important role in today's business world but what exactly can BPR do for you? BPR means understanding the processes which are involved in your company. BPR is a management approach aimed at improving your business by means of elevating efficiency and effectiveness of the processes that exist within and across organizations. The key to BPR is for organisations to look at their business processes from a clean slate perspective and determine how they can best construct these processes to improve how they conduct business. BPR can also be known as Business Process Redesign and Business Process Change...
Using ERP to Lean Supply Chain
The primary function of an organization is to be responsive to the demands of the customers and be efficient in production. In order to implement a lean supply chain program, it is important to understand the basic operation processes of the organization. While low cost per unit is always a brilliant idea, but it conflicts the ideas of marketing. Efficiency is Important for Marketing: Efficiency is the keyword for marketing, while serving customers is regarded as the holistic duty of the sales department. The latter in turn leads to a greater revenue generation and commissions. For large scale production which is not directly linked to the customers, there may be some inherent problems. Requirement...
Lean Supply Chain Profiles Ultriva by...
Ultriva’s Lean Execution Suite consists of modules like Customer Kanban, Supplier Kanban, Internal Kanban, SBR, Lean Production and OEE, which allow manufacturing companies to systemize, sustain, and scale lean disciplines across the organization. Ultriva's flagship product, Collaborative Electronic Kanban, eliminates stock-outs while reducing inventory levels up to 75%. Ultriva modules are in use in more than 130 plants worldwide, incorporating more than 5,000 suppliers, transacting over 1.5 billion dollars of inventory at industry leaders such as AGCO, CNH, Emerson, IR-Trane, McKesson, Rexnord, and ThermoFisher. In the current issue of AccountingSoftware411.com, manufacturing...
What is Business Process Reengineering? And...
Business process reengineering is known in short as BRP and is considered a main way in which organisations become more modern and efficient. It is a management approach aimed at making improvements to your business through elevating the efficiency and effectiveness of the processes that exist within and across organisations. If you want business process reengineering to be successful then the key for organisations is to look at their business processes from a clean slate perspective in order to determine how they can best construct these processes to improve how they conduct business. If you ever hear Business Process Redesign, Business Transformation, or Business Process Change Management then all...
What is Business Process Modeling?
Introduction Before we can say what business process modeling is we need to know what a Business Process is! This may seem like stating the obvious, this is one of the most widely misused and misunderstood terms in business and in business modeling! Analysts and managers alike often use the term when what they are really talking about is a Business Function or a Business Procedure. No wonder there is confusion!! Definitions Business Function: "A coherent, discrete activity that a business must perform in order to meet its business objectives and continue in existence." Business Process: "Describes the order in which Business Functions need to be carried out in order to achieve a specified...
Role of Business Process Reengineering in...
ROLE OF BUSINESS PROCESS REENGINEERING IN INFORMATION TECHNOLOGY: BUSINESS PROCESS RE ENGINEERING: Business Process Reengineering as the technique that concentrates on the process to bring about radical change in the organization facilitating dramatic improvement in performance in core business processes which are critical for competitive advantage. The main idea of Business Process Re engineering is reinventing the organization for increasing performance. ROLE OF INFORMATION TECHNOLOGY IN REENGINEERING: Information technology is the technology of sensing, coding, transmitting, translating and transforming. The information technology is an integral part of reengineering a an enabler...
Adopting a Business Process Approach to...
1. Determine Who Are Your Customers and Stakeholders, and What Benefits Your Organisation Offers Them In our previous article we emphasised the customer/stakeholder focus of the business process approach to management. The first step is therefore clearly determining who those customers and stakeholders are. Who buys or uses your product or service offering? Who makes the buying decision? What exactly are they buying in terms of benefits? Who else is affected by your activities and what are their expectations? A small pharmaceutical manufacturer of multivitamins, antibiotics, syrups and OTC medicines for children, located in a large African city, was trying to answer these questions for their own...
BUSINESS PROCESS REENGINERRING (BPR)-AN...
Introduction: Business processes are found in every economic pursuit. Process signifies systematic, sequential, and logical series of activities directed at obtaining a predetermined outcome in an effective manner. Business processes may be viewed as chains. Hammer and Champy define business process reengineering as the fundamental rethinking and radical redesign of business processes to achieve dramatic improvement in critical, contemporary measures of performance such as cost, quality, service and speed. Business Process Reengineering challenges the basic assumptions on which the organizations have been built (hierarchy, specialization, functional; command and control...
Business Process Improvement - Avoiding Scope...
If you want to avoid the dreaded scope creep in business process improvement (BPI) work, take some time and establish the foundation, or blueprint, for the business process you want to improve. Scope creep comes into play in any project when you veer away from the original purpose of the work without an increase in time, resources, or money. You will find that it is no different with BPI. Before starting any project it is always a good idea to have a plan so that you know the overall size of the effort involved. Whether building a deck on your house or simply painting a room, there is some pre-work involved so that you can avoid those time-consuming trips back to the home center to pick up what you...
Business Process Improvement - Continuous...
After you have improved a business process, can you simply relax and move on to the next process? Not if you want to retain the strategic gains you achieved. Continuous improvement (CI) can seem like a theoretical concept unless you have experience working with business processes. But, this is far from the truth. You should make sure that you do not move too hastily to improving the next process until you have created a CI plan for the process you just finished. Otherwise, you will find that the process works fine for a while. Then you will see it starting to slip backwards a little, then a little more, until it becomes outdated and you are back where you started. This step is similar to losing...
Automation of business processes is crucial, and doing it manually prophesies a higher probability of detrimental risks. In the business context, they can be bombs against profitability such as time delays, improper implementations, deployment problems, or buggy application. TIBCO provides a way out with its ActiveMatrix BusinessWorks product which allows modeling of business processes graphically. Such graphical rendition of a business process is called a process definition. BusinessWorks comes with a Designer tool which provides an environment for developing and testing process definitions. The execution of process definitions involves creation of their corresponding process instances which is...
Business Process Improvement - Adapting the 10...
Over the past several months, my articles on business process improvement (BPI) have focused on one step at a time (of a 10 step roadmap) to highlight what action you should take to improve your business processes. In reality, as you do BPI work, you will run into situations where you may have to take a detour, so you should view the 10 steps as adaptable and make changes as necessary. To summarize the 10 steps, they include: 1. Create the Process Inventory: identifying and prioritizing the process list 2. Establish the Foundation: avoiding scope creep 3. Draw the Process Map: flowcharting and documenting 4. Estimate Time and Cost: identifying process and cycle time 5. Verify the Process Map...
The DMAIC Method For Business Process Improvement
DMAIC (Define, Measure, Analyze, Improve, Control) is a Six Sigma method used to improve existing business processes. A companion methodology, DMADV, is used when new processes are being designed or implemented. DMAIC is a method or tool put in place with an objective of continuous improvement in mind, working towards a goal of business process excellence. Background - Both DMAIC and DMADV have a common ancestor in Deming's Plan-Do-Check-Act Cycle, based on Japanese quality improvement methods which Deming studied and helped implement in the years following World War II, and eventually introduced to the United States. DMAIC itself is the creation of Motorola, first introduced in 1981. As a...
How to Make Your Business Process Customer Focused
Everyone knows that the customer is king, and that business processes should deliver what customers want. But how do you do that? The 10 steps to business process improvement can help keep the focus on the customer or client. It starts with developing the scope definition (step 2) where you identify the customer and what they want from your business process. The customer is someone external to your company who pays for your goods or services; the client is your internal customer if you work as an internal consultant within your company. Employees have an easy time identifying the external customer, but have a harder time identifying the client because they have become so accustomed to working to...
Logistics Software Vs 3rd Party Logistics...
Whether you are a small company that transports your products through a shipping provider or a large company that has your own shipping fleet, saving the most money and time on your shipping arrangements typically requires the implementation of transportation logistics. However, while the efficacy of transportation logistics is inarguable, there continues to be a debate about whether it is better for companies to hire 3rd party logistics companies or to purchase logistics management software and handle logistical issues on their own. While purchasing logistics software is far and away more cost effective than hiring out 3rd party logistics companies, some companies question whether logistics...
Product transportation is an inevitable part of the manufacturing business. Whether the goods are shipped locally, nationally or internationally, they have to reach retailers in order to produce business. However, as important as transportation is, companies often overlook the opportunity to reduce shipping costs. While the bulk of a manufacturer's bottom line is predicated on the quality and price of its products, reducing transportation costs can reduce a company's operating costs by thousands of dollars a year. Unfortunately, most companies lack the time and resources to determine optimal shipping procedures. That's why many companies now use transportation logistics software to help reduce...
Inventory Management Guide 101
In business management inventory consists of a list of goods and materials held available in stock. Management of an inventory or Inventory management is all about handling functions related to the tracking and management of material. This includes the monitoring of material moved into and out of stockroom locations and reconciling the inventory balances, setting targets, providing replenishment techniques, reporting actual and projected inventory status. The task of ABC analysis, lot tracking, cycle counting support etc. can even be a part of inventory management. The primary and foremost step in inventory management is acquiring accurate information for inbound operations. The information so...
Do You Need Inventory Management Software?
Where do you start when you know you want to improve efficiencies, and you have heard about barcode and inventory management software, but there are so many choices on the market and the prices range all over the board? Read on for more insight to selecting the right inventory management software for your business environment. Well, we have tested many of these and have some answers for you. Many businesses work with small inventories or just need to manage a tool crib or a supply room. For businesses like this we suggest very simple and inexpensive inventory management software that can run on a standalone PC or on a network. Tool cribs either manage a check-in check-out process or they manage...
If you're like most businesses, you started small. Your time was mostly spent on the front end of your business selling and marketing your product. You spent a lot of your time learning how to perform all of the functions of your business yourself. It was easier then! You weren't selling that much so there was not a lot of information that needed to be collected. In fact, most of the information was stored in your head! Pretty soon you started to grow and all of the activities required more effort. Problem was, you were so busy dealing with your increased sales that you couldn't get to some of the back office functions that needed to be performed. Now you find yourself in a pickle! What to do? You...
Inventory is crucial for smooth functioning of any business. They are the held available stock of the product/service dealt by the business venture. In terms of finance, inventory is an asset. Building an inventory becomes a priority for three principal reasons. They are lead time uncertainty, time constraint and changing economies of scale. Time lag is a definite constraint in all supply chains. To counter this time lag, you should have a reserve that can be used at the time of shortage. Inventory acts as a buffer when uncertain market forces like supply and demand play their cards. In the period of transition, there might be whooping expenditure on logistics. Bulk buying and inventory management...
What’s the value of your inventory on hand?” This is one of the first questions that I ask a prospective client during our initial conversation. And they can almost always give me a straight-forward answer. Then I ask, “How many weeks of supply is that?” Silence. For many small retailers I speak with, thinking of inventory in terms weeks of supply is a new concept. They can easily talk about inventory in terms of quantity, units, cases or casepacks, as well as how much inventory they need to build an effective display. They may have heard of terms like ‘inventory turnover’ or ‘open-to-buy’ without fully understanding what they mean. They understand return on investment, but in...
The difference between a requirements philosophy and a replenishment philosophy of inventory management can be discussed in terms of purpose, criteria of choice, elements involved and their application. A crucial distinction in inventory management is whether demand is independent or dependant. Independent demand is exerted by externally imposed market vacillations which are outside the control of internal operations. Retail and whole sale finished goods inventories; spare parts in manufacturing companies, service industry inventory are usually independent of operations. Dependant demand is related to the demand of another item which is not independently determined by the...
Would you say no to any opportunity to streamline your business? To make it more lean? In the shipping industry as a whole, and the courier industry in particular, the companies that survive are the ones with the most efficient organization and structure. One of the best ways to quickly improve your business processes and operations management is through the installation of modern, up to date, courier delivery software. When you install or upgrade to the latest and greatest in courier delivery software, your company will not only improve and streamline its business processes, it will also gain an important differentiator and marketing tool to advertise to clients and edge out the competition. The...
Toronto, Ontario, Canada. - August 14th 2009 - DART Supply Chain Solutions, Inc. today completed the acquisition of iWheels Dedicated Logistics. Financials terms of the deal are not being disclosed. "Here was a quality asset that was effectively broadsided by the collapse of the auto industry. Can you take the best-in-class, people, processes and underlying infrastructure and apply it to a different industry vertical"? asked Robert Kheir, lead advisor on this transaction. "if you could, you can sell it because everyone was throwing out the baby with the bath water when it came to automotive". "You have to be opportunistic in today's environment - that's what separates the leaders from the...
TL Logistics Software Streamlines the Truckload...
Truckload (TL) shipping generally refers to the transportation of an amount of cargo that is enough to fill an entire semi-trailer. Unlike less than truckload (LTL) shipping, where carriers take partial loads from two or more shippers, combining them into a full load and dividing the load price, companies that perform TL shipping contract an entire load to a single shipper. While LTL shipping can present attractive pricing options for small to midsized companies that regularly ship less than a full truckload of products, the basic advantage TL shipping over LTL shipping is that the freight is never touched en route to its destination. LTL shipments are commonly handled multiple times en route. While...