Eliminating Waste from Your Supply Chain

What is waste in your supply chain and how can waste be identified? Identifying waste in your supply chain can take a great deal of knowledge and experience to properly identify it. Millennium Logistics Management can look at single aspects of your supply chain (or the entire supplier network) and help identify the “waste” by analyzing your existing processes.

Eliminating waste from a logistics operations starts with assessing your current process in its entirety to determine where the problems exist.  Efforts to merely implement individual efficiency only improve limited practices whereas developing a concise strategy that applies to the supply chain as a whole entails a necessary mindset that regards distribution comprehensively.

Millennium Logistics Management analyzes existing processes (from initiation of an order through fulfillment) and evaluates modal selection, carrier utilization, and existing cost structures. By doing so, they can formulate a customized solution for your unique needs. Professional perspective enables Millennium Logistics to scrutinize various areas of waste, such as the following:

• Outrageous use of transportation assets. For example, sending freight trucks that aren’t filled to capacity.

• A frivolous inventory that takes up warehouse space and in turn increases handling costs.

• Re-processing of products, such as when a distribution center work scans an item twice.

• Overproduction (submitting more purchase orders for goods that weren’t as popular as they were believed to be).

Once these areas are assessed and resolved, supply chain expenses will decrease and thus eliminate waste. A strong logistics process will provide savings and improve communications within your organization, between your organization and your vendors and most importantly between you and your customers. Let Millennium Logistics Management demonstrate how they have saved clients hundreds of thousands of dollars annually by implementing the points above.