How to Save Costs and Time by Controlling Inbound
If you are the logistics manager responsible for keeping a production line running, your stocking and replenishment strategy will be heavily influenced by the dependability, timeliness, and quality of the information you receive from suppliers.?
Buyers often schedule receipt just prior to the need for the material they ordered. If the order is late or incomplete, taking corrective action is significantly more difficult when the time to react is short.
There is a better solution to increasing lead time dependability without resorting to artificial inventory reduction programs. The buying organization assumes the right of routing at the suppliers’ dock instead of passively awaiting receipt of those shipments.?
When you take control of your inbound, it’s a whole new ballgame. You can optimize the overall shipment plan, assign core carriers, control the carrier relationship from planning through proof-of-delivery, and monitor compliance-to-plan. Clients hire us as a partner to do all of this for them.?
And look for differentiators when you’re hiring an inbound management partner. For example, some of Wavepoint’s are to: ?
Next time, we’ll wrap the series with some opportunities VMI offers. If you missed a post, download the e-book, “Rethinking Inventory Strategies,” here >>?https://bit.ly/3Ivme7Y