Supply chain logistics, it’s the backbone of so many companies. After all, most establishments need products and supplies to do business. Often, many firms are a part of the supply chain, making it a complicated process with many potential points of failure. Managing it can be tedious and stressful, but it doesn’t have to be.
What is Supply Chain Logistics?
Supply chain logistics consists of warehouse maintenance, transportation, and inventory networks for an organization. A myriad of decisions are involved in the logistics process.
Logistics managers must balance cost and time efficiency. They manage and control assets and inventory, ensuring that supplies are available when needed.
Top Supply Chain Logistics Challenges
Supply chain logistics involves purchasing, planning, tracking, and risk management. Customer service, supplier & partner management, and talent management are also part of supply chain logistics.
With this many moving parts, it definitely comes with a variety of challenges. For instance, fuel cost woes have had a large impact on overall costs. Freight surcharges related to fuel costs add stress to finding affordable rates.
Improving customer service and business process while keeping a handle on every part of government regulations, driver shortages, and more.
Supply chain logistics can be a daunting task. Luckily, there are companies that can help, so you don’t have to manage all of these things yourself while trying to run the other core parts of the business.
Hiring A Third-Party Logistics Company
Third-party logistics providers can take some of the burden off of you by taking care of your warehousing, fulfillment, and distribution needs. Handing over the tasks you struggle with frees up your time.
When your supply chain logistics are managed efficiently, you’ll save time and money. As a result, your business will operate better, and your customers will be happier. You’ll have the potential to make more profit while you focus on your core competencies.
Outsourced Logistics and Efficiency
Managing a company comes with a lot of work. Outsourcing logistics may feel like giving away control, but hiring an expert is never a bad idea. You’re in charge of customer service, production, marketing, personnel, and more. An expert will focus on cost and efficiency.
A servicer can analyze your freight and find the most cost-friendly methods. They can improve your bottom line by balancing the speed of delivery and cost. Your servicer will know the best transport methods to use without doing hours of research.
When you need an urgent container that needs expediting, you’ll have someone to source and coordinate a drayman, a transload facility, and an over-the-road carrier. All of this can be arranged without you giving it another thought.
Improving Your In-House Supply Chain Logistics Situation
FMI’s My Freight Manager® System offers features to reduce your stress and improve your supply chain management. It’s perfect for shippers with an annual freight spend of $1 million to $10 million. Our powerful platform will give you visibility and control of your shipments. You’ll also enjoy transparent customer reporting through the easy-to-use interface. Implementation and deployment can be done quickly. It can even be completed within 24 hours.
My Freight Manager also has features like billing and invoicing, order management, 3PL, carrier and vendor management, multi-modal shipment support, and rating. It’s a cloud-based TMS with online and in-person training, so you can get your team up and running even if they’re currently remote. Leveraging our carrier relationships, benchmarking data, and technical insight to save money and scale your business.