When managing something as complex as a supply chain, there will always come a time when you hit a few bumps in the road. To avoid derailing the entire process, you will need to know how to avoid these issues before they come up, or confront them when they inevitably come knocking at your door.
You first have to understand that, no matter how well prepared you are, some types of issues will always arise. What matters most is how you handle the problem and get your operations back on track.
When you have been in the transportation business as long we have, you will have seen just about every supply chain issue that can rear its ugly head. That’s why we have asked our men and women in the business to come up with a list of the most common supply chain problems and give us their first hand experiences on how to best confront them.
Loss of Product
Whether by theft, damage, or employer error, the loss of product is a problem that drives up the costs of businesses when moving products.
To avoid this issue and minimize the impact of the costs, it is necessary for you to maintain an efficient supply chain management system that tracks product from warehouse to warehouse and everywhere in between. RFID tracking systems can help you to keep track of product and minimize the handling time, which will reduce damage and claims.
From prices of fuel to general inflation of products and services, the costs of your supply chain are bound to increase over time. While there is no way to avoid the inevitable increase in your costs, you can mitigate the impact it has on your business.
One of the best ways to decrease the costs of shipping in the supply chain is consolidating your LTL shipments into full truckload multi-stop shipments, or using a 3PL company, like King, that can consolidate your shipments for you. This will decrease the amount of trucks that you have to send out on a daily basis.
Keeping Up With E-commerce
The complexity of the supply chain has increased with the simplicity of ordering products over the internet. Now, the supply chain is responsible for servicing customers in complex, often global networks.
To keep up with the demand brought by e-commerce, it is necessary to formulate an organized network of supply chains via warehouses, transporters and other entities. Proper management systems can be installed into your facilities to keep track of shipments and keep up with the demand of the internet economy.
Count on King
At King Solutions, we know how to handle the common issues that come with running a multifaceted network of supply chains. Not only because we’ve been doing this for more than 25 years, but also because we work closely with each of our customers to create the best supply chain for their individual business.