Posts by Ari Widlansky
Companies involved in the production, movement or sale of physical goods all must deal with organizing their increasingly complex and global supply chain. Although it is not a fun part of the operation, it is a necessary evil to get the products to market around the world. Understanding so, companies seek to lower the costs, reduce the time and improve the quality of shipping. By doing so, they can improve margins, reduce hassles and improve net profits. Specifically, there are a few ways to secure lower costs in supply chain management that are often overlooked.
One of the most common costs are order entry errors.
Workers that manually place the wrong orders can cost their firms thousands or even millions of dollars. These simple errors frequently occur and have a huge impact on the financial performance of the firm. They cause massive delays and increased costs. Read more