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Reducing freight costs is essential for businesses looking to optimize their supply chain and save money. Here are some tips to help you minimize your freight expenses. Visit https://lnkd.in/g5NGT7X to know more about our services. #benchmark #costreduction #savings #business

Are you familiar with the term "commoditized product"? It refers to goods or services widely available in the market, standardized, and without significant differentiation among competitors. This phenomenon can be observed in various industries where standardization and low differentiation are common. #finance #linkedin

Can it be done? Is cost the only thing that gives a business value? Why don’t businesses look at this more deeply? I’ll offer some comments specifically from a cardboard packaging perspective, but can it be done? Yes absolutely. And remember that costs are many and varied and quantifiable in different ways. Firstly, I will explain why businesses don’t do this as much as they should in my opinion. First reason is time; people don’t have the time to put into going through the possible changes. The next thing would be solid capital. What I mean by that is that businesses want to see solid pounds and pence in savings, rather than an invisible cost savings that could be behind the scenes. So, how do I combat these? The last one I have no control over, because we are all entitled to make choices, but the first two I can change. Time to the prospective client isn’t an issue, as it won’t take their time up. Add me to the supply chain and I will then put a plan together to evaluate how our packaging could drive cost efficiencies. As the old saying goes, if I had a pound for every review cost take out I did, I probably would be on a yacht someone sunning myself! Drop me a line and let’s talk, so we can see the bigger picture together. #supplychain #costtakeout #letstalk

Your supply chain is an integral part of keeping your business running smoothly and to get the best return on investment. Check out our article on the importance of supply chain logistics here: https://lnkd.in/guZ8Nv4A #supplychain #logistics #manufacturing #investments

One of the biggest hurdles to small business growth and profitability is a lack of effective management of trade logistics. This series will share insight on key logistics considerations, effective strategies, and important resources to assist. https://lnkd.in/grFTYw33

As a general guideline, a good profit margin for manufacturing companies typically falls within the range of 10% to 20%. However, studies have shown that as much as 20% of the money spent within the manufacturing sector is wasted. How much of a difference would it make to reduce our collective wastes and inefficiencies? Competing in a global economy requires novels ideas and solutions in order to stay competitive. See how we can help you gain an edge with our application: 1. Reduce your downtime 2. Retain critical experience 3. Grow your team's competencies 4. Respond efficiently to every issue 5. Acquire and retain your downtime instances and solutions Ask us how we can help you achieve your goals this year.

Check out this amazing blog post that reveals the shifting power dynamics in companies - from the CEO to the purchasing manager. With the decline in activity, efficiency takes the lead. Explore the impact on companies in purchasing and the disappointment of Milei. Read more at https://ift.tt/KxZQTn3.

Is stagnant cash flow hindering your manufacturing growth? You're not alone! But what if we told you it's possible to TRIPLE your cash flow? ProVal Consulting helped a manufacturer achieve remarkable results by implementing proven Lean & Six Sigma strategies. Curious how? Here's a glimpse into their cash flow transformation: - Streamlined Operations: We implemented Lean practices to eliminate waste and bottlenecks, targeting a 5% cost reduction and boosting their profit margins. - Supplier Savings: Our cash flow consultants negotiated with suppliers, securing a 2% increase in gross profit margin. - Optimized Working Capital: We improved collections, reduced inventory, and negotiated better payment terms with suppliers. Ready to unlock the cash flow potential hiding in YOUR business? Read the full case study and discover the secrets to manufacturing success! ➡️ [https://lnkd.in/eUNbUPWa ] #Manufacturing #CashFlowManagement #LeanManufacturing #SixSigma #ProVal

In the News: 2024 Manufacturing Outlook: How to Create Value & Increase Profit 🌟 Discover the latest in the world of FDI and Business! Check out this insightful piece. 💡🌍 Learn how creative people strategies, technology and cash can help manufacturers create value and increase profit in 2024. 🔗 [Learn more: https://lnkd.in/ezg_jK8d] 🗨️ Join the Discussion! Your opinions are invaluable. #Comment below to share your views, ask questions, or start a conversation. We're excited to engage with each comment and hear what you think! Join as a Partner and Professional: FDI Alliance: www.fdialliance.com Valqus Accounting and Business: www.valqus.com #FDI #Invest #Trade #TradeandInvest #InvestmentPromotion #Markets #Business #Accounting

Maverick Spending It is amazing how much money is spent where there might not be a lot of control or accountability. Here is a hint. Look at page 2 in this summary and you will see that if you have too many suppliers that are supplying similar products to different areas then maybe this is an excellent place to start to look for efficiencies.