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You landed the Walmart account! Now what? Retailers and consumer packaged goods (CPG) suppliers have a co-dependent relationship; the retailer needs products to sell to customers, the suppliers need to be able to reach those customers and want the reach that the likes of Walmart and Amazon provide.
Small to mid-size businesses can often find themselves in a tough spot when it comes to the freight market. Low volume often means less purchasing power, meaning these businesses are often left to the discretion (and rates) of the carriers and brokers they negotiate with. This does not have to be the case.
While all facets of the modern business are important, arguably the most important to any retail, manufacturing, or goods based service is their supply chain. The supply chain serves as the backbone of these companies and has a significant impact on the company’s business strategy which directly affects its operation and operational costs.
Do we need to integrate TMS with our ERP system? Given the complicated logistics frameworks that businesses operate in, this is becoming a point of debate. Learn how to save money, increase efficiency, and grow your business by integrating your Enterprise Resource Planning (ERP) tool with a Transportation Management System (TMS).
Wouldn’t the supply chain and the organization as a whole benefit if the CFO is a part of the supply chain decision making? The CFO is also responsible for identifying opportunities to reduce operating costs without sacrificing the quality of the products and services offered by the company, so the supply chain should be no different.
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