In this post I'm going to break down some of Murphy's practices regarding asset allocation strategy (lease vs. own), sustainability efforts and location strategy that have been critical to Murphy's long standing run as a third party logistics firm (3PL).
Online retailers have enough to worry about simply merchandising and marketing their product. So, throwing warehouse operations into the mix can be overwhelming. Often times, optimizing warehouse operation practices takes a back seat to other divisions. Here are six ways to put warehouse operations to work for you.
Leasing is an important activity for many organizations - whether a public or private company, or a not-for-profit organization. It is a means of gaining access to assets, obtaining financing, and reducing an organization’s exposure to the risks of full ownership of the underlying asset.
As space availability continues to tighten up in second and third tier markets, rental rates will increase and I expect you will see logistics companies with a large owned footprint dominate bids for logistics contracts until there is a downward shift in the market.
Consumers and businesses alike are making decisions with a heavier focus on how long it will take for the product to get from A to B. In fact, companies are beginning to rely on 3D printing to stay competitive in certain markets. This seems like a "no-brainer" when you compare a typical supply chain model to the simplistic way 3D parts are produced.
It's no surprise that data driven decisions are continually being incorporated into decision making and management of processes throughout the supply chain. Big data will allow companies (shippers) to optimize the supply chain, increase visibility across organizations, and drive efficiency throughout the supply chain. Large logistics providers understand this and have more capacity to …
Continue reading "Five Obstacles 3PLs Need to Overcome Before Effectively Utilizing “Big Data.”"
Product based companies looking to gain a competitive advantage are beginning to transform the "traditional" supply chain process. Some companies are further ahead than others, and we could talk about Amazon at length, but I'm talking about a shift in the traditional model, industry average and the status quo.
We often underestimate how important supply chain is to our daily lives. While it's not a surprise to supply chain managers, most consumers don't consider folks like Chris Ward, who are out there sourcing things like 80,000 cases of jalapenos for Church's Chicken so you can get peppers on the side with your combo meal.
Hyperlocal online retail businesses are popping up in dense urban areas all over the world. I've been calling it the "mom and pop" reaction to big online retail firms. In this post, I'm going to breakdown what a hyperlocal eCommerce business is and what we can expect to see in the next couple years.
Employees and executives managing real estate transactions are not just filing leases anymore and they provide more value than ever. Companies in a low margin industry, like 3PL, can live and die by their real estate decisions and practices.
You must be logged in to post a comment.