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    Health Check your Supply Chain for Inefficiencies

    May 10, 2019 12:18:17 PM / by Len Coenders

    Send your Supply Chain in for a “Health Check”

    Even in 2019 many companies still underestimate the importance of their global supply chain and above all, how their logistics and supply chain performance can beneficially impact their marketing, ultimately leading to healthier financial results.

    Depending on your industry sector, commonly known transportation and logistics costs (as a percentage of sales) may range up to 14% or even higher for companies with an inefficient or outdated logistics set-up. Driven by customer demand, organizational changes and issues, focus on sales, customer retention, globalization and other time-consuming challenges, companies are being steered from innovation in supply chain. By implementing a proper logistics efficiency management program, logistics costs can drop to between 4% and 7% depending on industry…and that’s a lot of cash.

    Decentralized procurement of various logistics services limit leverage opportunity, cost reduction and efficiency enrichment. Bundling buyer power in a structured manner and leaving operations with common effective routines add value to your product while enlightening market exposure, ultimately resulting in net profit growth.

    It would be valuable to ask yourself: are all elements of your supply chain measured properly? Are trustworthy KPI’s available and analyzed with appropriate business intelligence tools that allow a solid grip on the supply chain, and your logistics providers? Are you looking for growth into other markets and continents, or looking to partner through acquisition then seek guidance and consult from a GEODIS SCO supply chain optimization consultant?

    What are your supply chain, sourcing, visibility, and transparency challenges? Let GEODIS | Supply Chain Optimization experts advise you, using state of the art tools and applications for network studies, benchmarks and the implementation of new technology. If so desired, GEODIS SCO can step in and take over your operational responsibilities through strategic outsourcing and control tower concepts, implementing what was advised while making it work for you and your business!

     

     Click here to Health Check your Supply Chain

    Topics: logistics, supply chain, supply chain planning

    Len Coenders

    Written by Len Coenders

    Len holds a VP Business Development position at GEODIS. Having joined the Supply Chain Optimization line of business from the start of 2019 he brings along a vast experience in 4PL/LLP, consulting and Control Tower services. It is with great enthusiasm that he embraces opportunities supporting shippers to enhance and improve their supply chain based on his 15+ years of experience in the 4PL arena.

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