Channel Title: Supply Chain Secrets Channel Description: ⚡ How To Boost YOUR Supply Chain Performance and Supply Chain Career! ⚡ This channel is all about helping you improve your Supply Chain Performance. Better customer service and lower costs. We cover end to end Supply Chain with tips, insights, lessons, interviews and more. Thanks for dropping by. I'm Rob O'Byrne and I've been into all things Supply Chain and Logistics since I was 15 ! This is my 'day job' consulting business: https://www.logisticsbureau.com Do subscribe and comment, and if you need videos on specific topics, just tell us. Oh, and if you're more a reader than a watcher, check my blogs. Logistics Bureau is the main one. There is loads and loads of useful stuff there too. https://www.logisticsbureau.com/blog/ Check out the links below. There are lots of my sites that have blogs 😊 Come and connect on LinkedIn LinkedIn: https://www.linkedin.com/in/robobyrne/ <video> How to Boost Your Warehouse Performance - Some Quick Tips Description: ✔️ Need Some Warehousing Help?✔️ Just reach out at. https://logisticsbureau.org/contactus MORE Useful Videos. Reducing Inventory: https://youtu.be/jxH1oEGP-iE Product Slotting: https://youtu.be/6DVFa3_WNaI TIMESTAMPS (in case you want to skip) 👇 0:00 Intro 1:05 Facts Approach/Principle 3:20 Standard Operating Procedure 4:20 Inventory & Product Placement Optimisation 7:23 Outro 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #warehousing #warehouseoptimization #warehousemanagement Transcript. Rob: Today, we’re talking about warehouse performance. Why? Well, it seems like everyone I speak to is focused on improving their warehouse efficiency. That’s our topic for this week, and we’ve got John Monk with us to share some valuable tips. [Music fades in and out] Rob: Welcome back, John! Warehousing specialist here at Logistics Bureau. John: Thanks, Rob. There’s so much to consider when it comes to optimizing warehouse performance, and we’ll cover some essential tips today. Rob: Fantastic. I know a lot of people are wondering, "How can I improve my warehouse operations?" So, where should they start? John: Well, we’ve covered some key topics in previous videos. I’ll ensure there are links in the video description below for recent content on slotting and capacity—those will be great resources. But let’s dive into what we call the "FACTS" approach, or FACTS principles. Rob: Let’s hear it! What does FACTS stand for? John: FACTS is an acronym we use to guide warehouse optimization: - **F** is for *Flow*—ensuring products move efficiently through the warehouse, minimizing touches and costs. - **A** is for *Access*—making sure pick faces are easily accessible. - **C** is for *Capacity*—having the right type of racking and storage solutions that suit your products. - **T** is for *Traceability*—keeping inventory well-tracked throughout the warehouse. - And last but most importantly, **S** is for *Safety*—ensuring safe warehouse practices. Rob: Great framework! So, how do you recommend people start applying this model? John: For an existing warehouse, a good first step is an audit or benchmarking using the FACTS warehouse model. This allows you to assess the current state, such as touches per item, storage efficiency, and key performance indicators (KPIs). Once you have those benchmarks, you can set realistic targets for improvement, which helps align your team around common goals. For example, setting a pick rate target can make a significant difference. Rob: And incentivizing employees can be helpful, right? John: Absolutely. Incentives don’t always have to be monetary. You can offer things like team barbecues or recognition. Also, reviewing and standardizing operating procedures is crucial. If everyone works consistently, it’s much easier to implement continuous improvement. Standardized processes, which align with lean methodology, make it possible to identify and refine areas for improvement over time. Rob: Speaking of improvements, I remember a case where simply setting an average target for pick rates led to an impressive increase in productivity. John: Exactly! We had a client whose operators varied widely in productivity. By setting a target of the average pick rate, those below the average rose to meet it, effectively raising the bar for everyone. Over six months, they nearly doubled their productivity, which illustrates how setting and communicating clear targets can drive improvement. Rob: That reminds me of another case. A client thought 15 lines per hour was reasonable, especially for their tricky products. But after benchmarking, we found the industry average was closer to 50 lines per hour. Over a two-year improvement program, they actually hit that target! John: It’s amazing what can happen when people see that something is achievable. Benchmarking provides that sense of possibility, much like breaking the four-minute mile—once you know it’s possible, you strive for it. Rob: Thanks for these insights, John. We’ll include links to related videos and contact info in the description below. Thanks for watching, everyone, and see you next time! </video> <video> Easy Logistics Cost Reduction - But Few People Do This Description: 𝗙𝗼𝗿 𝗥𝗲𝗱𝘂𝗰𝗶𝗻𝗴 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗖𝗼𝘀𝘁𝘀, here's that self help order profitability audit. https://logisticsbureau.org/CTSscoreappyt See if you have a problem right now! These videos are brought to you by Logistics Bureau - Management Consultants, who reduce costs and improve service for organisations Worldwide. ✔️ 𝗡𝗲𝗲𝗱 𝗦𝗼𝗺𝗲 𝗛𝗲𝗹𝗽?✔️ If you need any assistance on any of the topics on this channel, just visit us at: https://www.logisticsbureau.com/ or Connect with me or follow me on LinkedIn and send me a message there: https://www.linkedin.com/in/robobyrne/ TIMESTAMPS (in case you want to skip) 👇 0:00 Intro 0:40 Logistics Costs Diagram 2:08 Costs of Servicing Your Customers 3:36 Large Proportion of Customer Order 5:25 Wanna Learn if You’ve Got A Problem? 6:23 Things to Note 7:03 Outro 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #logisticscosts #supplychaincosts #orderprofitability Understanding customer order profitability is crucial for any business looking to optimize performance and drive growth. It’s not just about increasing sales; it's about knowing which customers are actually contributing to your bottom line. Often, the focus is on top-line growth, but without a clear view of profitability, this can lead to financial strain and operational inefficiencies. In many cases, companies assume that their biggest customers are their most profitable. But when you dig deeper, you might find that some of these large accounts are actually costing you more than they bring in. This could be due to factors like frequent order changes, complex delivery requirements, or excessive customer service demands. For example, I’ve seen companies that, after analysing their customer base, realized that by charging more for customers who frequently change their orders, they could improve profitability by millions. This not only recovers costs but also encourages more consistent ordering behaviours, benefiting both parties in the long run. A real eye-opener for many businesses is discovering how much money they’re losing on seemingly small inefficiencies. Take a consumer goods distributor I worked with in Australia. They found that 30% of their products were losing margin even before leaving the warehouse, simply due to poor process management. Once they identified and addressed these issues, they significantly improved their profitability. Similarly, another company in Thailand identified inefficiencies in how they served smaller customers and small orders. By restructuring their approach and optimizing their fleet, they managed to save $10 million annually​. So, how do you get started? First, you need to map out all the activities involved in fulfilling customer orders. This could be anything from order processing to delivery and even handling returns. Once you have this map, allocate costs to each activity. This helps you see where the money is going and which customers are profitable or not. Next, analyse the results and take action. If you find that some customers are costing you more than they’re worth, it might be time to adjust your service levels, renegotiate terms, or even stop serving them altogether. In short, knowing your customer order profitability helps you make smarter business decisions and focus your resources where they’ll have the most impact. </video> <video> Women in Supply Chain - Imposter Syndrome - with Alma Arzate Description: Some more great Supply Chain insights this week from Alma Arzate. Do make sure you subscribe as we have more discussions with Alma coming up. "Women in Supply Chain". You can follow/connect with Alma here: https://www.linkedin.com/in/almaarzate/These videos are 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: https://www.logisticsbureau.com/ or ✔️ Need Some Help?✔️ Just connect with me or follow me on LinkedIn and send me a message there: https://www.linkedin.com/in/robobyrne/ TIMESTAMPS (in case you want to skip) 👇 0:00 Intro 1:00 Imposter Syndrome 2:13 Way to Overcome Imposter Syndrome 7:35 Tips for Women in Supply Chain 10:05 Women in Leadership Position Tips 12:15 Outro 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #womeninlogistics #womeninbusiness #womeninsupplychain In this week's video, Alma, a seasoned supply chain director with 25 years of experience across Mexico, the US, and Canada, discusses the challenges women face in supply chain roles, focusing on imposter syndrome. Alma shares her personal journey, highlighting that the lack of female role models early in her career contributed to her struggles with imposter syndrome. She recalls being one of only four female managers in a group of 104, making her often the only woman in the room. Alma emphasises the importance of self-confidence in overcoming imposter syndrome. She suggests that self-confidence grows with success, creating a self-fulfilling prophecy: if you believe you can succeed, you're likely to do so. She encourages women to find their voice, a skill she herself developed in her mid-30s. Initially, Alma struggled to articulate her thoughts in meetings dominated by strong personalities. She attributes her growth to overcoming cultural biases and suppression. Alma advises women to be assertive and to seek opportunities for professional development. She acknowledges the role of her male mentors and sponsors who provided her with challenging opportunities and supported her career advancement. Alma also notes the importance of being a role model for other women entering the supply chain field. The discussion touches on the evolving landscape of supply chain management, noting an increase in female leaders and the positive impact of diverse leadership teams. Alma and the host agree that a balanced representation of genders in supply chain roles is beneficial for the industry. Alma's main tip for women in supply chain leadership is to use their voice. She believes that frequent speaking, even in low-risk environments, can boost confidence and effectiveness. She encourages women to start their journey to find their voice, emphasising that authentic and consistent communication is key to connecting with any audience. </video> <video> How to Reduce Warehouse Costs with Warehouse Product Slotting Description: Improving warehouse productivity and reducing warehouse costs is a constant struggle. Today we discuss how product slotting can improve staff productivity. ✔️ Need Some Help?✔️ Just reach out at. https://logisticsbureau.org/contactus MORE Slotting Videos. https://youtu.be/6DVFa3_WNaI https://youtu.be/yWkBks17QnM TIMESTAMPS (in case you want to skip) 👇 0:00 Intro 0:50 What is Product Slotting? 2:14 What productivity increase have you seen? 4:39 Issues in Putting Fast-Moving Products Together 5:35 When to Use Specialist Software 7:24 Pick Slots Rule of Thumb 9:30 Signs You Need to Slot Your Warehouse 11:00 Outro 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #logistics #supplychain </video> <video> Warehouse Capacity - How to Increase It and Avoid Moving Description: Warehouse capacity, or the lack of it, is a very common warehouse problem. Let me share a few simple tips that might increase your warehouse capacity, to extend the life of your warehouse. All of these have worked well with dozens of our clients at Logistics Bureau. ✔️ Need Some Help?✔️ If you need some additional consulting support to 'fix' your warehouse capacity and warehouse space issues, just book a call with me directly here and we can discuss your situation: https://www.logisticsbureau.com/scs-book-a-call/ or Just connect with me or follow me on LinkedIn and send me a message there: https://www.linkedin.com/in/robobyrne/ TIMESTAMPS (in case you want to skip) 👇 0:00 Intro 2:33 Review Excess and Obsolete Stock 4:25 Slotting 6:30 Aisle Width 7:43 High Density Storage 8:41 Mezzanine Floors 9:00 Things to Remember 9:55 Outro 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions This week, we're tackling a common issue: warehouse capacity. Many businesses are finding themselves running out of space, and it's been a growing trend, especially in the last few years. At Logistics Bureau, we've seen this challenge persist since COVID, with companies trying to retrofit or redesign their warehouses to fit more inventory. But before you rush into building a new facility, let me share some practical tips to help you optimize your existing space. First off, when is a warehouse considered full? The general rule of thumb is around 85% capacity. This allows for the necessary operating space to move products in and out efficiently. If you go beyond this, it’s like trying to find a parking spot in a full shopping mall—inefficient and time-consuming. A significant reason for space issues often comes down to inventory management. Whether it’s inappropriate purchasing policies, poor forecasting, or excessive stock due to promotions, these factors contribute to clogged-up warehouses. For example, while purchasing in bulk might lower the unit cost, it often results in too much stock, taking up valuable space. Similarly, merging businesses or rapid growth can lead to overstocked warehouses as they struggle to rationalize their networks. One of the key things to look at is your stock cover—how much of it is working stock versus excess or obsolete stock. It's common to see businesses sitting on millions of dollars worth of excess stock simply because they don't want to write it off. Regularly review your aging stock and ensure that slow-moving or obsolete items aren't taking up valuable space. Now, let's talk about solutions. Slotting is one of the most effective ways to optimize your warehouse. By rearranging where items are stored, particularly placing fast-moving products closer to the dispatch area, you can reduce travel time, improve productivity, and free up space. This simple adjustment can lead to labor cost reductions of up to 20%. For those with standard warehouse layouts, consider adjusting aisle widths. Switching from standard counterbalance forklifts to articulated trucks that operate in narrower aisles can significantly increase your storage capacity. I’ve seen clients recover up to 30% more space by making this switch. High-density storage solutions, like vertical lift machines or rotating carousels, can also be game-changers, especially for industries dealing with small parts. These systems bring products to the picker, maximizing space and reducing the need for additional warehouses. Lastly, don’t overlook the potential of mezzanine floors. Adding a mezzanine can double or triple your picking capacity without the need to expand your warehouse footprint. In summary, before considering a move to a larger facility, explore these strategies to maximize your current space. From optimizing inventory management to adjusting storage layouts, these tips can help you delay or even avoid the need for a new warehouse. If you’ve faced similar challenges and have additional tips, drop a comment below. Thanks for watching, and see you next time! #warehousecapacity #warehousedesign #warehousespace </video> <video> Supply Chain & Logistics Coaching Coming Soon Online - Pick Your Topics Description: Yes, we have some monthly online Supply Chain and Logistics coaching sessions coming very soon. ⭐ How to Boost Warehouse Capacity without moving! ⭐ https://logisticsbureau.org/coachingyt 20 min Online Coaching Event - 14th August 2024 ✔️ Need Some Help?✔️ Just connect with me or follow me on LinkedIn and send me a message there: https://www.linkedin.com/in/robobyrne/ TIMESTAMPS (in case you want to skip) 👇 0:00 Intro 1:13 Online Coaching Sessions 2:30 Topic Suggestions 4:00 Where to Get Invitation 5:00 Outro 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #logistics #supplychain #logisticstraining </video> <video> Top Tips For A Successful Supply Chain Career with Alma Arzate Description: Some great Supply Chain career tips this week from Alma Arzate. Do make sure you subscribe as we have more discussions with Alma coming up. "Managing your Team" and "Women in Supply Chain". You can follow/connect with Alma here: https://www.linkedin.com/in/almaarzate/ Here are those key traits that Alma talks about. Resiliency: The ability to recover quickly from difficulties. Initiative: Taking the lead and being proactive in one's actions. Drive for Results: Being goal-oriented and determined to achieve success. High Sense of Urgency: Recognizing the importance of timely actions and responses. Perseverance in the Face of Challenges: Continuing to work hard even when faced with difficulties. Problem-Solving: The ability to find solutions to issues as they arise. Collaboration: Working well with others and building strong, mutually beneficial relationships. Continuous Improvement: Always looking for ways to improve processes, systems, and personal skills. Innovation: Coming up with creative ways to overcome obstacles and achieve goals. Willingness to Learn: Being open to gaining new skills and knowledge. Adaptability: Being able to adjust to new conditions and roles. Helping Others: Supporting and assisting colleagues without expecting anything in return. These videos are 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: https://www.logisticsbureau.com/ or ✔️ Need Some Help?✔️ Just connect with me or follow me on LinkedIn and send me a message there: https://www.linkedin.com/in/robobyrne/ TIMESTAMPS (in case you want to skip) 👇 0:00 Intro 1:00 Tips for Those Interested in Supply Chain 2:12 Defining Supply Chain Management 3:10 Tips for Those Interested in Supply Chain 7:07 Key Traits to Develop 10:32 Qualities for Hiring 13:00 One Key Tip 16:50 Advice For You 18:06 Outro 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #logistics #supplychain #logisticscareer In this episode, we welcome Alma Arzate, an accomplished supply chain professional with over 25 years of experience across multiple industries, including automotive, electronics, medical devices, consumer packaged goods, and pharmaceuticals. Alma shares her extensive knowledge and insights on advancing a career in supply chain management. Key discussion points include: - Alma's career journey from Mexico to Canada, highlighting her roles in various companies and industries. - The importance of defining supply chain management and understanding its critical impact on daily life. - Current challenges in the supply chain sector, particularly the shortage of skilled professionals, and Alma's focus on finding and retaining talent. - Career flexibility in supply chain management, illustrated by Alma's experience of holding 18 different roles in five industries. - The significance of certifications such as CPIM and CSCP from the Association of Supply Chain Management (ASCM) in advancing one's career. - Essential traits for success in supply chain management, including resiliency, initiative, drive for results, high sense of urgency, perseverance, problem-solving, and collaboration. - The importance of continuous improvement, innovation, and building strong relationships within and outside one's organization. - Practical advice for those entering or progressing in the supply chain field, emphasizing the value of asking for stretch goals and additional responsibilities to demonstrate drive and passion. Alma encourages aspiring supply chain professionals to embrace opportunities, develop transferable skills, and continuously seek improvement and innovation. She shares personal experiences of taking on challenging projects and highlights the benefits of having a proactive attitude and a willingness to learn. For those considering a career in supply chain, Alma's advice is clear: go for it. The journey can be rewarding and fulfilling, offering numerous opportunities to solve challenges and make a significant impact. Tune in to gain valuable tips and inspiration from Alma Arzate, and don't forget to check out her LinkedIn profile for more insights and resources on supply chain management. </video> <video> How to STOP Order Profitability Leaks - Logistics Costs Description: *Order Profitability* Here are those Additional Resources on the topic of Logistics Costs. Logistics Costs *Coaching Online* - 16 Oct 2024: https://logisticsbureau.org/coachingli ➕ *Self Audit Tool* : https://logisticsbureau.org/CTSscoreappyt ➕ *Logistics Costs Playlist* : https://logisticsbureau.org/Play-List ✔️ *Need Some Help* ?✔️ Just connect with me or follow me on LinkedIn and send me a message there: https://www.linkedin.com/in/robobyrne/ TIMESTAMPS (in case you want to skip) 👇 0:00 Intro 0:20 Reasons for Profitability Leak 1:52 Why People Don’t Fix It? 5:05 What Makes it Hard? 6:02 Helpful Resources 6:54 Outro 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions VIDEO SUMMARY This video dives into how logistics operations can really impact your business's profitability. It talks about how not having a good handle on customer and product profitability can lead to big cost leaks in your logistics and supply chain. Over 30 years of consulting, I've seen that 10-30% of customer orders are often loss-makers, and businesses usually don't realize this because their reporting systems don't show it. So, why don't businesses fix this? It's a pretty easy way to stop profit leaks, but there are a few reasons why it doesn't happen. One big reason is that it needs to be driven by senior management, like the CEO or MD, because these issues affect so many parts of the business. There can be a lot of cross-functional challenges and reluctance to change. Loss-making orders can mess with inventory holding, sourcing, lead times, and customer service policies. Managing distribution networks can also be a nightmare. To fix these issues, you need coordinated efforts and leadership from the top. The video wraps up by asking viewers why they think businesses don't address these low-margin or loss-making orders. Is it because it's too hard, or because it requires cross-functional collaboration? There are also some resources mentioned, like a self-audit tool and an upcoming online coaching session. ⚡ *MORE Free Logistics Costs Resources* ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global Logistics CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ *Online Logistics Learning Program* (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #logisticscosts #supplychaincosts #orderprofitability </video> <video> AI and Machine Learning in Supply Chain with Karen Betancourt Description: We hear a lot about AI and machine learning and how it can be applied within Supply Chain Management. But how widespread is the use of AI. This week I'm joined by Karen Betancourt Check out Karen's links here: LinkedIn: https://www.linkedin.com/in/karendbetancourt/ Youtube Channel: https://www.youtube.com/@BCsWithKarenBetancourt 👇 Scroll down for Top Video Links 👇 These videos are 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: https://www.logisticsbureau.com/ 🏆 Some of Our MOST Popular Videos 🏆 KPIs - Mini Case Study: https://youtu.be/URQSC533-bs Road Freight - The Rates Trap: https://youtu.be/-QM4DrrKME4 Strategy in 10 Minutes: https://youtu.be/mPnjh5jaq3A S&OP Basics: https://youtu.be/fei1_8mvmVo Improving Inventory in 4 Steps: https://youtu.be/jxH1oEGP-iE 8 Logistics Outsourcing Mistakes: https://youtu.be/5Cc60_-MquU These videos are brought to you by Logistics Bureau - Management Consultants, who reduce costs and improve service for organisations Worldwide. ✔️ Need Some Help?✔️ Just connect with me or follow me on LinkedIn and send me a message there: https://www.linkedin.com/in/robobyrne/ TIMESTAMPS (in case you want to skip) 👇 0:00 Intro 0:35 Interest in AI and Machine Learning 1:32 AI in GPS Systems 3:39 Good Things About AI & Effectivity 5:35 Opportunity with AI 6:30 Big Callout Companies for AI Development 7:19 Outro 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #logistics #supplychain #machinelearning **Video Summary:** In this video, we explore the fascinating and evolving world of artificial intelligence (AI) and machine learning (ML) in supply chains and beyond. Special guest Karen Beton Cours, CEO of ARD Medical Logistics, shares insights from her extensive experience at companies like Amazon, Walmart, and Cardinal Health. Karen sheds light on the current state of AI, distinguishing between the hype and its practical applications. While AI offers incredible potential, she emphasizes that much of what’s called AI today is essentially machine learning—a tool that depends heavily on high-quality data. She highlights the common pitfalls, such as relying on AI trained on incomplete or inaccurate data, which can lead to misleading yet authoritative-sounding results. **Key Challenges of AI in Supply Chains:** 1. **Data Dependency**: AI needs reliable and comprehensive data, which many supply chains struggle to provide. 2. **Human Oversight**: Blind trust in AI can lead to errors. It’s essential to combine AI’s insights with subject matter expertise and critical thinking. 3. **Current Limitations**: While general intelligence is a future goal, AI is currently more of a sophisticated regurgitation tool than a fully autonomous decision-maker. **Positive Applications of AI:** Karen highlights several areas where AI is making a significant impact: - **Customer Service**: Chatbots simplify processes like tracking shipments or managing complex regulations, reducing the need for in-house experts. - **Demand Insights**: AI can identify correlations and trends in data that might otherwise go unnoticed, offering actionable insights. - **Automation in Coding**: Many startups are now generating 50-70% of their code through AI, addressing skill shortages and improving efficiency. - **Pricing Strategies**: AI helps optimize bids and pricing by analyzing historical customer data. **Companies Leading the Way in AI:** Karen mentions big names like Amazon, Walmart, and Microsoft as innovators in AI development. Smaller 3PLs are also adopting agentic AI to address specific challenges, such as managing dangerous goods compliance. This episode provides a balanced view of AI’s opportunities and limitations, offering valuable perspectives for anyone navigating the intersection of technology and supply chain management. Tune in for practical tips and insights into the future of AI! </video> <video> Cost to Supply v Cost to Serve and Why You Need to Understand It Description: I'm always talking about Cost to Serve here. But let's flip it for a moment to talk about Cost to Supply. Working with your Suppliers to understand the cost of serving your organisation, allow you to collaborate with Suppliers to review how their costs might be reduced. With the benefits being shared. This could include alternative distribution channels, order sizes or order frequency for example. ⭐ Cost to Serve or Supply Help is Right here: ⭐ https://logisticsbureau.org/CTS If you need any assistance on any of the topics on this channel, just visit us at: https://www.logisticsbureau.com/ These videos are brought to you by Logistics Bureau - Management Consultants, who reduce costs and improve service for organisations Worldwide. ✔️ Need Some Help?✔️ Just connect with me or follow me on LinkedIn and send me a message there: https://www.linkedin.com/in/robobyrne/ TIMESTAMPS (in case you want to skip) 👇 0:00 Intro 0:14 Cost to Supply 1:48 Cost to Serve 3:50 Couple of Traps to Look Out For 4:25 Outro 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #costtosupply #costtoserve Cost to Serve and Cost to Supply in Supply Chain Management In supply chain management, "Cost to Serve" (CTS) refers to the total expenses incurred in delivering a product or service to a customer. This encompasses production, transportation, warehousing, customer service, and administrative costs. By analyzing CTS, businesses can identify the profitability of different customer segments and make informed decisions about pricing, service levels, and distribution strategies. The goal is to optimize operations, reduce costs, and enhance customer satisfaction. Now, let's flip the perspective and consider "Cost to Supply." This metric focuses on the costs incurred by suppliers in delivering products to a business, specifically their warehousing and transportation expenses. Understanding Cost to Supply is crucial for companies seeking to optimize their supply chain relationships. By working closely with suppliers to understand their costs of serving the organization, businesses can identify opportunities for cost reduction and share the benefits. For instance, collaboration with suppliers might involve exploring alternative distribution channels, adjusting order sizes, or altering order frequency. These changes can lead to more efficient logistics, reduced costs, and ultimately, shared savings. This collaborative approach not only helps in lowering costs but also strengthens partnerships, leading to a more resilient and responsive supply chain. The key difference between Cost to Serve and Cost to Supply lies in their focus: while CTS considers the company's end-to-end costs to serve customers, Cost to Supply zeroes in on the supplier's costs in serving the business. By understanding and managing both metrics, companies can make strategic decisions that enhance efficiency and profitability, ensuring that they and their suppliers benefit from cost-saving initiatives. </video> <video> How to Reduce Your Road Freight Costs Description: REGISTER HERE: https://logisticsbureau.org/freightytt ✔️ Need Some Help?✔️ Just connect with me or follow me on LinkedIn and send me a message there: https://www.linkedin.com/in/robobyrne/ 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #logistics #supplychain </video> <video> Another Supply Chain Secrets Milestone - Thank You & a Gift Description: Thank you for your support! We just reached another Supply Chain Secrets milestone. So as usual, we are making a gift on your behalf. Do please tell us in the comments what Supply Chain and Logistics topics you would like to see next. Or someone you would like to see interviewed? You can keep track of our giving program on the Logistics Bureau website (my core business) right here: https://www.logisticsbureau.com/thanks-a-million/ This time around, having reached 80,000 subscribers, we have provided fresh water to 80,000 people in remote areas of Cambodia. Thank You for your ongoing support of this channel. These videos are 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: https://www.logisticsbureau.com/ or ✔️ Need Some Help?✔️ Just connect with me or follow me on LinkedIn and send me a message there: https://www.linkedin.com/in/robobyrne/ 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #logistics #supplychain </video> <video> Managing your Supply Chain Team - Interview with Alma Arzate Description: Managing Your Supply Chain Team. Some more great Supply Chain insights this week from Alma Arzate. You can follow/connect with Alma here: https://www.linkedin.com/in/almaarzate/ These videos are brought to you by Logistics Bureau - Management Consultants, who reduce costs and improve service for organisations Worldwide. These videos are 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: https://www.logisticsbureau.com/ or ✔️ Need Some Help?✔️ Just connect with me or follow me on LinkedIn and send me a message there: https://www.linkedin.com/in/robobyrne/ TIMESTAMPS (in case you want to skip) 👇 0:00 Intro 1:01 Supporting & Motivating People Tips 2:19 Situational Leadership Model 5:50 Addressing Hiring Challenges 9:44 Your Voice as Leader 11:07 Outro 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #logisticsteam #supplychainteam In this week's discussion, Rob O'Byrne is joined by Alma Arzate to share valuable insights on managing supply chain teams. Alma, with over 25 years of experience in various industries such as electronics, automotive, pharmaceuticals, and medical devices, emphasizes the importance of managing and developing people. Alma highlights the significance of understanding and supporting team members according to their performance readiness levels. She advocates for the situational leadership model, which allows leaders to adapt their behaviours and provide direction based on the unique needs of each individual and situation. This approach ensures that high-potential individuals receive the necessary support and guidance, especially when transitioning to new roles. Alma also stresses the importance of creating an environment of openness, transparency, and continuous improvement. She encourages her team to share their perspectives and rewards them for bringing forward and implementing creative ideas. By fostering a culture of constructive and candid feedback, Alma ensures that her team members feel valued and heard. Addressing the challenges of managing diverse teams, Alma shares her experience in handling situations where team members may not be performing well. She believes in giving individuals the opportunity to flourish by potentially moving them to roles that better suit their skills. However, she also acknowledges the need to make tough decisions when necessary to maintain team performance and harmony. Alma's leadership style is characterized by her commitment to supporting other women and ensuring their voices are heard and amplified. She actively redirects attention to colleagues who may be spoken over or interrupted during meetings, promoting a more inclusive and respectful work environment. In conclusion, Alma Arzate's insights on managing supply chain teams provide valuable guidance for leaders looking to enhance team effectiveness and foster a positive and productive work culture. </video> <video> How to Reduce Freight Costs - Key Tips Many People Miss Description: I hope these tips will help you to better understand your freight costs and rates so that you can start to reduce transport costs. ✔️ Need Some Help with Freight Costs?✔️ Try this link: https://logisticsbureau.org/Freightconsultation-yt 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ Logistics Bureau Free Events: https://www.logisticsbureau.com/events/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #freightcost #transportcost Understandiing Freight Costs: Key Strategies for Reduction Freight costs are a significant concern for many businesses, and today's video addresses this critical topic. Recently, I hosted a webinar on saving logistics costs, and many questions centred around freight costs. Though there's already a lot of content on our channel about this, I wanted to revisit and emphasise seven key areas that can help you reduce your freight costs effectively. Firstly, it's important to dispel a common myth: the inexperienced approach to reducing freight costs often involves simply asking your freight carrier for a discount. This rarely works because the freight industry operates on very thin margins, especially when dealing with commodity freight. Freight companies typically don't have much flexibility to lower rates significantly without jeopardising their sustainability. Therefore, it's crucial to adopt smarter strategies to manage your transport costs. 1. Volume Leveraging One effective way to reduce freight costs is through volume leveraging. Many companies have different branches or divisions that independently negotiate freight contracts, often with the same carriers but at different rates. This lack of coordination leads to inefficiencies and missed opportunities for volume discounts. By consolidating your freight needs and negotiating as a single entity, you can leverage your total volume to secure better rates from carriers. The more volume you can offer a carrier, the better rates you can negotiate, improving your overall freight cost efficiency. 2. Matching Transport Resources to the Task Ensure that the transport resources you use match your specific needs. This includes considering the size and type of vehicles, whether they have necessary equipment like tail lifts or crane attachments, and other specific requirements. When renegotiating freight contracts, consider these factors to ensure the resources provided are appropriate and cost-effective for your operations. 3. Understanding the Rate Structure Another critical aspect is the rate structure. Rates can vary significantly depending on whether they are based on weight, volume, or other factors. It’s important to ensure that the rate structure aligns with the types of shipments you typically handle. For instance, if your shipments are generally single pallets, you need a favourable rate for single pallet shipments, not just for larger volumes. Understanding and negotiating the right rate structure can lead to substantial savings. 4. Service Agreements Carefully review your service agreements with freight carriers. Understand the specific services provided, performance metrics, and any additional costs such as fuel surcharges. Ensure that you are getting good value for the services rendered and that all terms are clear and beneficial for your business. 5. Service Type Make sure you are purchasing the correct level of service for your needs. For example, if your customers are satisfied with next-day delivery, there is no need to pay extra for same-day service. Conversely, if your customers require next-day delivery, ensure that your service agreement meets this requirement to avoid customer dissatisfaction. 6. Dedicated Resources For some businesses, having dedicated transport resources can be beneficial. This is especially true for industries with specific needs, such as the steel industry, where specialised vehicles may be required. If you opt for dedicated resources, ensure that you are fully utilising these assets to justify the cost. 7. Capacity Utilisation Finally, ensure that your freight capacity is well-utilised. Avoid paying for empty space by matching the size of your shipments with the appropriate vehicle capacity. Efficient capacity utilisation can significantly reduce your overall transport costs. </video> <video> Warehouse Capacity FIX - What Works Description: Running out of warehouse capacity? This week John Monck shares some thoughts on how overcome this common issue. ✔️ Need Some Help?✔️ Just reach out at. https://logisticsbureau.org/contactus MORE Useful Videos. Reducing Inventory: https://youtu.be/jxH1oEGP-iE Product Slotting: https://youtu.be/6DVFa3_WNaI TIMESTAMPS (in case you want to skip) 👇 0:00 Intro 1:13 Full Warehouse Capacity 3:50 Inventory 8:25 Storage System 12:06 Aisle Widths 13:30 Outro 🟨 Don't forget 🟨 to SUBSCRIBE. AND 🙋 Do Please comment with your thoughts, suggestions and any questions ⚡ MORE Free Resources ⚡ My Supply Chain BLOG. https://www.logisticsbureau.com/blog/ 💥 Global CONSULTING Support - from Logistics Bureau 💥 https://www.logisticsbureau.com/ Logistics Bureau is my 'day job'..... ⚡ Online supply Chain Learning Program (very cheap) ⚡ Online Educational Program: https://www.supplychainsecrets.com/ ⚡ LET's CONNECT ⚡ LinkedIn (me): https://www.linkedin.com/in/robobyrne/ and (my business) https://www.linkedin.com/company/logistics-bureau Facebook: https://www.facebook.com/LogisticsBureau/ Twitter: https://twitter.com/LogisticsBureau Insta: https://www.instagram.com/supplychainsecrets/ #logistics #warehouseefficiency #warehousemanagement </video>

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⚡ How To Boost YOUR Supply Chain Performance and Supply Chain Career! ⚡

This channel is all about helping you improve your Supply Chain Performance. Better customer service and lower costs.
We cover end to end Supply Chain with tips, insights, lessons, interviews and more.

Thanks for dropping by. I'm Rob O'Byrne and I've been into all things Supply Chain and Logistics since I was 15 !
This is my 'day job' consulting business: https://www.logisticsbureau.com

Do subscribe and comment, and if you need videos on specific topics, just tell us. Oh, and if you're more a reader than a watcher, check my blogs. Logistics Bureau is the main one. There is loads and loads of useful stuff there too. https://www.logisticsbureau.com/blog/

Check out the links below. There are lots of my sites that have blogs

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