Improving operations through logistics
During a recent speech to the Economic Club of Washington, billionaire investor Warren Buffett stated the risk for a renewed recession was very low, The Associated Press reported.
Despite these assurances from Buffett, the economy has slowed down in recent months. The latest job figures from the Department of Labor show that unemployment increased to 8.2% during May. This increases the need for companies to cut costs and improve efficiency.
Working with a third party logistics company can help an organization optimize its supply chain network. Providing the expertise for managing warehouses and transportation, a contract logistics partner can bolster order fulfillment while reducing overhead. The need to cut costs in transporting freight is always important to maintaining a competitive business, and a supply chain partner may identify additional areas to reduce inventory or streamline deliveries.
Effectively transporting goods from factories or warehouses creates a number of difficulties that can remove resources from a business' core operations. Outsourcing these tasks to a third party logistics specialist allows the managers to dedicate more time and personnel to growing the core business. This strategy can help a company provide growth even in tough economic times.
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File Under: General Supply Chain