Mike Wilson, CEO, Consolidated Chassis Management (CCM)
1. Control inventory carrying costs. To stay competitive and run a successful inbound operation, be mindful of your inventory carrying costs. Avoid storing items for long periods of time and properly manage warehouse space to ensure you balance having enough to handle your inventory, while avoiding having too much empty or underutilized space.
2. Gain visibility into your operations. Tips 1 and 2 go hand in hand—when it comes to controlling your costs, you need visibility into your operation, and as much visibility as you can get. Visibility is key to knowing where the redundancies, congestion, and waste are. If you don't already have the level of visibility you require, begin to research and identify software providers that can meet your needs.
3. Maintain vendor relationships. Strong partnerships are critical to your fluidity. It's important to recognize each of them contributes and plays an important function in your inbound transportation strategy. A good vendor relationship requires the following: Be courteous, pay on time, and establish clear expectations.
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