An optimal supply chain is one that gives you a great competitive advantage over your rivals and makes the supply chain process run smoothly.
However, in order to improve the efficiency of supply chain management, companies need to provide (and improve) predictability, reduce the supply chain costs by ethical means, minimise working capital, conduct due diligence and risk analysis, and handle the data properly.
An inventive and efficient supply chain helps the business to deliver shipments quickly and on time, shorten processing time, and improve inventory management - all of which delivers better results for the business. Does this ring a bell? You might have heard of less-than-truckload (LTL) shipping, it is best known for its ability to make the shipping process faster and also reduce costs.
Read on to discover 5 ways to optimise supply chain management with LTL shipping.
If you are unable to host your own transportation services, you might have to consider outsourcing services to an LTL delivery truck rental vendor.
By outsourcing services to an LTL shipping company, you will have genuine experts handling transportation issues for you. As a result, the increased efficiency of one section of your LTL transportation will drive your business towards productive growth.
In addition, investment in outsourcing services will also help you to achieve better results. A competitive LTL outsourcing company will have more advanced and specialised technology that can improve your supply chain management.
You can rely on LTL shipping to secure a balance between minimising costs and maximising service, which means effective supply chain management. This is because most LTL shipping companies harness mobile-based technology that comes with a host of benefits:
Mobile-based technology can add value to your enterprise, which in turn gives you the edge over your competitors.
Improving supply chain efficiency is not a simple task, on the contrary, it is rather a complex procedure that requires regular adjustments. That's why you need a practical plan which will help you to reach your long-term goals. The plan will outline:
Keep in mind that the specific components in your plan should be aligned with your overall goals.
Competitive pricing and the growing expansion of retail product lines has pressured supply chains to cut costs, and transport inventory at a much quicker pace, so the network you established a decade ago might nowadays be a luxury. Carrier's obligations have become increasingly demanding, as they need to deliver more shipments to different postal codes in 2-3 days.
In order to avoid unnecessary and costly shipments within your networks, you need to evaluate costs and transit times based on daily rates. LTL shipping is the best option as, compared to full truckload shipping, it does not require much loading time.
Investing in website development for your organisation can increase the responsiveness of the supply chain. Imagine receiving orders, updating your potential customers, and engaging shippers all being done online with an automated system. You can also incorporate the LTL shipping option on your website, where it allows customers to book deliveries virtually and select shipment options. All of these choices will be featured on your company website; so you and your employees don't need to be physically present to execute these services.
Now, you have a deeper understanding of how LTL shipping could optimise your supply chain management. Because it can save transportation time and cut delivery costs, it is often the shipper's favourite option.
Spots Logistics is a LTL platform to connect shippers to LTL lorry transport companies. Remove the hassle of sourcing and going through multiple vendors for your LTL needs and manage all your shipments on a single platform.