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6 Easy Ways to Cut Supply Chain Costs - That You Can Do Yourself

How to cut Supply Chain Costs? It's a common question.
Here are 6 ways to reduce Supply Chain costs without impacting customer service.
Maybe you have others to share in the comments?
👇 TIMESTAMPS (in case you want to skip) 👇
00:00 Intro
00:30 6 Easy Ways to Cut Supply Chain Costs - That You Can Do Yourself
01:08 Inventory
02:18 Outbound Transport
04:20 Warehousing
06:05 Outsource Logistics
07:19 Distribution Network
08:43 Service Offer
10:30 Outro
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Пікірлер: 54

  • @supplychainsecrets
    @supplychainsecrets2 жыл бұрын

    This video is brought to you by Logistics Bureau - Management Consultants, who reduce costs and improve service for organisations Worldwide. If you need any assistance on any of the topics on this channel, just visit us at: www.logisticsbureau.com/

  • @josemarciaga285
    @josemarciaga2853 жыл бұрын

    I'm studying Logistics and Supply Chain. This Channel is giving me tremedous feedbacks about how to look at the same things with different eyes. Keep going! It's incredible what you do here Sir.

  • @supplychainsecrets

    @supplychainsecrets

    3 жыл бұрын

    Glad you like it Jose.

  • @supplychainsecrets
    @supplychainsecrets3 жыл бұрын

    👇 TIMESTAMPS (in case you want to skip) 👇 00:00 Intro 00:30 6 Easy Ways to Cut Supply Chain Costs - That You Can Do Yourself 01:08 Inventory 02:18 Outbound Transport 04:20 Warehousing 06:05 Outsource Logistics 07:19 Distribution Network 08:43 Service Offer 10:30 Outro

  • @ucanphetole2347
    @ucanphetole23472 жыл бұрын

    I'm studying logistics and supply chain management this is giving a clear vision of what I'm doing. 😊😊

  • @supplychainsecrets

    @supplychainsecrets

    2 жыл бұрын

    Glad it's helpful for you!

  • @TheRicckz
    @TheRicckz3 жыл бұрын

    Thank you mate, really great insight for my families small business!

  • @supplychainsecrets

    @supplychainsecrets

    3 жыл бұрын

    Glad it was helpful!

  • @MomuSarcasm
    @MomuSarcasm3 жыл бұрын

    It's such a wonderful and informative video!!! I am a new audience to your channel and I am really curious about the main drivers and metrics in supply chain this year 2021, would you mind making a video about that? Or if you already have one, could you type the name of the video so I could find and then watch it, thanks so much for the knowledge that you share with us. Have a good day.

  • @supplychainsecrets

    @supplychainsecrets

    3 жыл бұрын

    There is a whole playlist on KPIs. kzread.info/head/PLAI2rbd3NwK7DeHvXIESAUaXquZFl3Lk7 And if you use the search feature on the channel that works well too.

  • @alexkim123
    @alexkim1233 ай бұрын

    @supplychainsecrets, Love this video: at timestamp 3:55, could you give an example or even better, a case study about processes & changes that could optimize Transport Carrier for Operational Profiles? (you advised to, "ask for a slightly different task, and get a better cost"). Many thanks in advance!

  • @supplychainsecrets

    @supplychainsecrets

    3 ай бұрын

    Simple example. A company sorts all their freight and shrink wraps all the parcels onto pallets, based on which State they are going to. The transport carrier picks them, breaks down all the pallets, and puts the parcels through a sorter! STOP palletizing the parcels. The company saved 12 staff and the transport company 5 staff. It's about looking at each step in the process and questioning why you do things in a certain way.

  • @kngparra
    @kngparra3 жыл бұрын

    Excellent video, meaningful information!

  • @supplychainsecrets

    @supplychainsecrets

    3 жыл бұрын

    Thank you! Glad it was helpful!

  • @dsen2822
    @dsen28223 жыл бұрын

    Very informative , thanks a lot .

  • @supplychainsecrets

    @supplychainsecrets

    3 жыл бұрын

    Glad it was helpful.

  • @symm605
    @symm6052 жыл бұрын

    Thank you very much, learnt a lot. And I think even in KZread world, it's also fantastic. Every waterfall comes from a water drop. :)

  • @supplychainsecrets

    @supplychainsecrets

    2 жыл бұрын

    Thanks. Always nice to get feedback. So glad you enjoy the channel.

  • @symm605

    @symm605

    2 жыл бұрын

    @@supplychainsecrets Thank you sir!!!

  • @franciscomaximocovas9891
    @franciscomaximocovas98913 жыл бұрын

    Your channel is very underrated! Nice content 🙌

  • @supplychainsecrets

    @supplychainsecrets

    3 жыл бұрын

    I guess it's a bit of a Niche topic! 🙂

  • @dinhquangquynhk17ct14
    @dinhquangquynhk17ct142 жыл бұрын

    great sharings, Sir!!!

  • @supplychainsecrets

    @supplychainsecrets

    2 жыл бұрын

    Many thanks

  • @thumbangubaclaude9378
    @thumbangubaclaude93783 жыл бұрын

    Great contents 🔥👏🏾

  • @supplychainsecrets

    @supplychainsecrets

    3 жыл бұрын

    Glad you like them!

  • @ConradJenk
    @ConradJenk4 ай бұрын

    You’re spot on! But I would add supplier and customer collaboration, which helps demand forecasting, inventory management, quality of product/service etc.. simple collaboration could free up plenty of working capital

  • @supplychainsecrets

    @supplychainsecrets

    4 ай бұрын

    Yes. I agree. But sadly not always easy to establish.

  • @ConradJenk

    @ConradJenk

    4 ай бұрын

    Agreed. One of the many pleasures of working in a complex global supply chain lol

  • @supplychainsecrets

    @supplychainsecrets

    4 ай бұрын

    @@ConradJenk Absolutely. An exciting industry!

  • @moseshakene4776
    @moseshakene4776 Жыл бұрын

    Thank You very Much

  • @supplychainsecrets

    @supplychainsecrets

    Жыл бұрын

    Glad it helped

  • @willmonetrenoir1420
    @willmonetrenoir14202 жыл бұрын

    This is great information. Thank you for sharing. This could be within your warehousing bucket, but I believe that labor planning and scheduling optimization and productivity initiatives could also help to improve CTS. What do you think about staffing and productivity improvements to help increase CPH/UPH or just to have the right amount of labor in the facility?

  • @willmonetrenoir1420

    @willmonetrenoir1420

    2 жыл бұрын

    In addition to this, having the right forecasting system and reducing turnover could also help with CTS. An improper forecast could drive up labor cost (or impact the facilities ability to operate efficiently) and turnover could impact productivity. There are so Amy unlocks on CTS within Supply Chain. Your content has helped me to get my thoughts together on this big rock.

  • @supplychainsecrets

    @supplychainsecrets

    2 жыл бұрын

    Yes, there are many areas that have an impact on CTS, so labour planning would be one of those.

  • @supplychainsecrets
    @supplychainsecrets3 жыл бұрын

    What other Supply Chain cost saving tips would you add?

  • @vaibhavsinghal2925

    @vaibhavsinghal2925

    2 жыл бұрын

    Transactional costs and possibly the cost of storing data - which is evergrowing.

  • @supplychainsecrets

    @supplychainsecrets

    2 жыл бұрын

    @@vaibhavsinghal2925 Really? Not something people generally think about..

  • @vaibhavsinghal2925

    @vaibhavsinghal2925

    2 жыл бұрын

    @@supplychainsecrets Probably because they stay hidden and dont contribute to significant costs. But with growing need for information, expensive ERP tools, increasing integration across functions (along and across the supply chain) , I guess they would soon start getting factored in.

  • @Upgradefactory1

    @Upgradefactory1

    2 жыл бұрын

    @@vaibhavsinghal2925 Any way you can suggest to control it

  • @markgoldsmith8010
    @markgoldsmith80102 жыл бұрын

    What information would you give to battle inflation? All the information you are giving is perfecting internal operations. How do we deal external changes in the market and vendor demands?

  • @supplychainsecrets

    @supplychainsecrets

    2 жыл бұрын

    I'm not sure anyone has a strategy for battling inflation Mark. I guess it comes down to good supplier management, negotiating well, having long term contracts in place as a hedge, and always having alternative sources of supply.

  • @handoko6425
    @handoko64252 жыл бұрын

    How to minimize inventory level deside just in time ? May be do you have any suggestion ?

  • @supplychainsecrets

    @supplychainsecrets

    2 жыл бұрын

    That is far too big a question to answer here. Maybe I'll do a video on it.

  • @pheliswambizo5063
    @pheliswambizo50632 жыл бұрын

    What are the characteristics of the Supply Chain Strategy

  • @supplychainsecrets

    @supplychainsecrets

    2 жыл бұрын

    You'll find some videos on the channel about it. Just use the playlists or search function. But I would say Simple, Clear, Focussed, Easily Understood by All, and Directly Related to Organisational Goals.

  • @suadalalawi4663
    @suadalalawi46632 жыл бұрын

    Hello how can get in touch with u i need your help , m having procurment manager interview next week and i really need some tips and advice on how to pass it

  • @supplychainsecrets

    @supplychainsecrets

    2 жыл бұрын

    I'm really sorry but I don't give 1 on 1 coaching ☹ Simple reason. I already work 90 hours a week running three businesses. So I try to help others in the industry with this channel.

  • @adnanal-sakkaf1205
    @adnanal-sakkaf12053 жыл бұрын

    IT is another element to maintain costs in the supply chain. Is it?

  • @supplychainsecrets

    @supplychainsecrets

    3 жыл бұрын

    IT can help. But it is not a cost saver in itself. It can for example help with better planning and improve efficiency.

  • @adnanal-sakkaf1205

    @adnanal-sakkaf1205

    3 жыл бұрын

    @@supplychainsecrets Understood. Thank you very much.

  • @mageshchandran8107
    @mageshchandran81072 жыл бұрын

    Missed on packaging, manpower, infrastructure.

  • @supplychainsecrets

    @supplychainsecrets

    2 жыл бұрын

    Yes indeed. There are dozens of areas to focus on. I just picked my top 6.

  • @kasalapandurangachary8120
    @kasalapandurangachary81202 жыл бұрын

    How to negotiate the price with single supplier? He is like demanded his products.

  • @supplychainsecrets

    @supplychainsecrets

    2 жыл бұрын

    Very hard. Always better to have back up suppliers.