When you’re in business, one of the biggest factors that you need to think about is the logistics of the business. The right transportation solutions for your business can save a significant amount of time and money for your bottom line. Many people tend to concentrate more on marketing and sales while leaving logistics to chance. However, doing this can severely affect your sales, especially if your goods are not reaching your customers at the right time.
Let’s take a look at some of the integral logistics tips which will help you sort out all the logistics of your business and show you higher profit margins and return on investment.
One of the best ways of improving speed and reliability of your shipments is to pre-plan for success. This means doing your research and looking into logistics companies who can be relied upon to deliver your shipments in time even when circumstances such as natural disasters and weather lead to delays. If your shipments do not arrive on time, you’re likelier to lose customers and even cause damage to your business and reputation. Once a business gets a reputation for not having the product consumers want, then it’s downhill all the way.
Create Awareness of Incoming Shipments
For your business to succeed, your supply chain management should be effective in all ways. This means that everyone who is concerned with the shipments should be aware of the shipments coming in as well as what the shipments contain. This way, if there’s a product missing from your shelves and a customer asks for it, your sales person can inform them of when the product is coming in and book a future sell. This increases customer satisfaction and boosts sales.
In many cases, the shipment you need next week is still being air-lifted by your supplier. These costs are then passed on to you, thereby increasing your logistics costs. You can reduce these costs by a major fraction if you liaise with your supplier on alternative shipping options. If you don’t need a shipment immediately, why not opt for LTL (Less than Truckload) shipping? Other ways by which you can save logistics costs is to have one account number that all suppliers use for shipping. In this way, the more you receive, the more bulk discounts you enjoy.
One of the ways by which you can ensure proper implementation of your logistics and business strategy is to staff smartly. This means that you need to have proper control of what’s coming into the business and plan for it appropriately by having adequate staff to meet all logistics requirements such as for inputting of data, inventory handling, storage and outbound logistics implementation.
Use Proper Technology
There are plenty of logistics software in the market today which help you keep track of your shipments, arrival times, storage needs and inventory items at any given time. All you need to do is shop around and find one that not only fulfills your needs but also fits into your budget. In today’s world, logistics are made easy with the right sort of tech, so why not opt for the easy route? You can then avoid all the stress and hassle of keeping track of what’s coming in and going on and let the software do it all for you!
About the author: Lindsay Hunt is an experienced business consultant. She specializes in helping businesses save money and time.