5 Logistics Management Tips for Small and Medium-sized Business

When done right, supply chain and logistics management can be a harmonious symphony of vendors, trucks and warehouses. All parts work together to ensure the product is delivered undamaged, on time and to the customer’s satisfaction.

Logistics

On the other hand, an incoherent, poorly planned and ineffective supply chain can potentially deal a fatal blow to the average small and medium-sized business (SMB). Products lost in transit, sent to the wrong location and unexplained charges on customer receipts can all cause angst that’s strong enough to push customers to the competition.

The following logistics management tips are an essential read for SMB owners.…

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Streamlining Supply Chain Management: Perfecting Your Purchase to Pay Processes

Supply chain management is the lifeblood of any business: without a proper, streamlined supply chain, your company risks being left without the proper tools it needs to get things done. If you already have a great supply chain, then you are ahead of the game. If your supply chain isn’t as efficient as you’d like it to be, it’s time to fix it quickly.

Supply Chain Management - SCM

There are many points where problems can arise along the supply chain, but one of the most common areas that managers can look at to create more efficiency is the purchase to pay process (P2P). Streamlining your invoicing procedures will not only ensure that your company always has what it needs, but it will allow you to collect your money — or pay your bills — quickly.…

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Supply Chain Management: Benefits to Outsourcing and What to Look For

Outsourcing… to many small business owners and startups, the term outsourcing essentially means expense. While it is true that outsourcing various tasks will result in some type of expense, in many instances, the return on investment makes the initial costs worthwhile.

Supply Chain Management

Though there are some responsibilities that can easily be handled in house, there are others that are best left to companies and professionals who have the experience and means to get the job done in a more effective manner – such as supply chain management.

No matter how great your product is, if you’re not able to effectively assemble, package, and distribute these products to your customers in an effective manner, the reputation of your company can easily be tarnished.…

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