Poor logistics planning and lack of proper decisions may cause excessive expenditures, missed delivery deadlines and damaged goods. This is the reason optimizing operational efficiency is of utmost importance for reducing logistics and supply chain costs. Reducing logistic costs should be your number one priority when it comes to supply chain management in Goa. Let us show you how it can be achieved:
- Consolidated shipments:
Shipping goods in FCL (full container loads) is definitely preferred to LCL (less than a container load). This is because it is safer and more cost-effective. It is cheaper to consolidate multiple partial shipments into one full shipment. It minimizes your transportation costs drastically.
- Cargo insurance:
In the process of transportation risks, loss, and damage are a part and parcel of the journey. Make sure to get your cargo insured. It should fully cover the value of products in order to prevent any unpleasant occurrences. Cargo insurance is the ideal way for all businesses to reduce financial exposure and mitigate supply chain risks. Policies and coverage may vary, it is best to use the services of an insurance broker to make the right decision.
- Outsourcing:
Several businesses choose to outsource a portion of their supply chain operations, which are mainly transportation and storage. Outsourcing brings with it cost reduction and increased efficiency. Under the right circumstances, an outsourcing process can bring substantial savings. Third party logistics providers specialize in logistics. They have a larger network of warehouses, fulfilment centres, and logistics providers. This helps in providing better service at lesser costs.
- Supply chain visibility:
The process of maintaining visibility of your supply chain can improve planning and expense control via better management of your safety stock. It helps reduce the risk of product deficit. With the use of real-time dashboards that refresh data automatically, supply chain managers and financial executives get the most current and relevant information. They can then find alternate routes of supply or distribution if the need arises. The supply chain performance should be evaluated on a regular basis. This ensures meeting your customers’ requirements ensuring great service as the best logistics service provider in Goa.
- Optimized use of resources:
You must optimize the utilization of your assets, including their status (owned or leased) so that it greatly improves your business efficiency. Rearrangement of the delivery schedules keeps the entire fleet of vehicles active throughout the day. If your high business peaks are seasonal, then you should rent additional space only during that time.
- Timely planning:
Production schedule, shipping routes, and transit time (from pick-up to delivery) needs to be planned accurately. Smart planning should consider international holidays as factors in shipping schedules and delivery times. Last minute decisions cause delays and missed deadlines so plan in advance.
It is surely possible to reduce supply chain costs, and the suggestions above will get you started to be the top logistics solutions in Goa. You can effectively run an efficient supply chain, by determining what changes need to be implemented.