Don’t be intimated by the global marketplace. The principles of cost reduction, efficiency, and quality never get old or out of style. Use these tips to build a successful logistics campaign and improve customer satisfaction.
The popularity of supply chain management has added layers of service to traditional warehousing and distribution by creating terms such as third-party logistics (3PL) and fourth-party logistics (4PL). These terms, used loosely, have many clients asking, “How can these services benefit my product/business?” After consulting thebusinessdictionary.com, the definitions of these terms do not provide a full understanding:
Even the most proficient supply chain maestros can fall victim to unforeseen global pitfalls. Advances in technology has opened markets to provide a cost-effective climate for sourcing your products, and the consequence is an increased volatility in pricing. Many political, environmental and unanticipated events will create complexities in a global pipeline and result in a loss of productivity and revenue. Learn from these scenarios in risk management to overcome the greatest challenges for your brand and bottom line.