This video is 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: www.logisticsbureau.com/
Thanks for the great video! I'm beginning my first internship as a supply chain intern tomorrow, and this video has given me some knowledge to be armed with my first day. I will surely refer back to this along with your other videos during my internship.
💯 agreed I worked for a company and it was difficult to convince the plant manager to increase inventory , I presented the idea as stock order and based on information on the production schedule. It became a total hit , we reduced costs eliminated down time , and improved customer satisfaction. Every location has different needs , the services need to be tailored made and designed according to the customer.
Woah! Looks like I found a golden nuggets of information. I was told that in business, Financial Operations thinking comes first and before Operational thinking. Absolutely critical missing part of the costing and calculating profit! Please share more such videos, especially if any frameworks/models exist for Calculating costs for 3PL, Rail, Air freight, Multi-modal or Project Cargo, other services. Thank you 🙏
Excellent... explanation. Will like to see a live spread sheet with example if you can next time... I personally like to here all yours knowledge sharing videos... It gives different perspective and add value in terms of alternative thinking to handle a problem with simple solution...
Thanks for sharing the knowledge . What method would you recommend on allocating the last mile delivery cost to individual product sku level ? I was told by transportation team it’s the count of stops driving the cost and the products inside the totes are irrelevant. But the finance department needs to report AOP at product level .
I do it at a SKU level, and base it on the cube occupied in the truck. You also need to take account of stopping times, order sizes, driving distance and many other factors. I have a video on it here: ruclips.net/video/QtrMBRTy0eM/видео.html
very interesting video; benefit is based on gross margin. How do you deal with high capital investment costs (CAPEX); do you use depreciation cost or do you use TCO-cost to measure benefits?
Excellent... i have one very direct question, is procurement ( buying material & services ) consider part of logistics? Also, what is the global benchmark for logistics cost from product cost ?
Hi. Don't get too concerned about definitions. A view Procurement as a key part of Supply Chain Management. But many government organisations (and others with a very large spend) for example, see it as separate. Kogistcs tends to be viwed as a subset of Supply Chain, dealing with the outbound, warehousing and transport, part.
As regards a Benchmark, that is too hard to say, as it's dependant on the industry, product value and business. But a very rough figure might be 5-10% of Sales.
Robo I want you and Trent to help me choose my career program, procurement and logistics which one is good because I have procurement background already.
I am an undergraduate, interested in supply chain industry, is it possible for me to enter supply chain industry,, especially in ports, with a masters in industrial engineering. Please guide me through this sir, if not what should I do, pursue a supply chain management degree without work experience?
This video is 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: www.logisticsbureau.com/
Thanks for the great video! I'm beginning my first internship as a supply chain intern tomorrow, and this video has given me some knowledge to be armed with my first day. I will surely refer back to this along with your other videos during my internship.
Best of luck!
💯 agreed I worked for a company and it was difficult to convince the plant manager to increase inventory , I presented the idea as stock order and based on information on the production schedule. It became a total hit , we reduced costs eliminated down time , and improved customer satisfaction. Every location has different needs , the services need to be tailored made and designed according to the customer.
Thanks for sharing. Well done.
Woah! Looks like I found a golden nuggets of information.
I was told that in business, Financial Operations thinking comes first and before Operational thinking.
Absolutely critical missing part of the costing and calculating profit!
Please share more such videos, especially if any frameworks/models exist for Calculating costs for 3PL, Rail, Air freight, Multi-modal or Project Cargo, other services.
Thank you 🙏
Lots of videos on the channel about this topic. Just search for "cost to serve". Once you understand the principles you can apply it to anything.
Awesome 😎
Will do!
God bless
Really eye opening. Thank you so much for sharing your knowledge.
Glad it was helpful!
That's a super informative video. Thanks for making it simple and easy to understand.
Glad it helped. I have a detailed video coming this week showing how to do he actual analysis.
@@supplychainsecrets This video is top quality. Hope you can talk more in depth about cost of serve
@@rolandoriley There is a more detailed example here: ruclips.net/video/UN_-UxovGwo/видео.html
Excellent... explanation. Will like to see a live spread sheet with example if you can next time... I personally like to here all yours knowledge sharing videos... It gives different perspective and add value in terms of alternative thinking to handle a problem with simple solution...
Check out this video, it a very detailed step by step version. ruclips.net/video/UN_-UxovGwo/видео.html
Thanks for explaning in simple video
Glad to hear it made sense!
Thanks for sharing the knowledge . What method would you recommend on allocating the last mile delivery cost to individual product sku level ? I was told by transportation team it’s the count of stops driving the cost and the products inside the totes are irrelevant. But the finance department needs to report AOP at product level .
I do it at a SKU level, and base it on the cube occupied in the truck. You also need to take account of stopping times, order sizes, driving distance and many other factors. I have a video on it here: ruclips.net/video/QtrMBRTy0eM/видео.html
Do you have an audio book or a book?
I do. I have 5 books actually. If you reach out tome on linkedin I can probably organise a free sample for you. Just mention SCS Book offer.
@@supplychainsecrets thank you
Thank you and wish me more video
Most welcome!
very interesting video; benefit is based on gross margin. How do you deal with high capital investment costs (CAPEX); do you use depreciation cost or do you use TCO-cost to measure benefits?
Depends on the equipment / facility in question really. There is no single way of doing this. I often use depreciation cost.
What are the factors that affect customer service in LSC ?
Have you watched this video? This will help. ruclips.net/video/witWunLCEdI/видео.html
Excellent... i have one very direct question, is procurement ( buying material & services ) consider part of logistics? Also, what is the global benchmark for logistics cost from product cost ?
Hi. Don't get too concerned about definitions. A view Procurement as a key part of Supply Chain Management. But many government organisations (and others with a very large spend) for example, see it as separate. Kogistcs tends to be viwed as a subset of Supply Chain, dealing with the outbound, warehousing and transport, part.
As regards a Benchmark, that is too hard to say, as it's dependant on the industry, product value and business. But a very rough figure might be 5-10% of Sales.
Robo I want you and Trent to help me choose my career program, procurement and logistics which one is good because I have procurement background already.
This is the most common question I get. This playlist should be useful. ruclips.net/p/PLAI2rbd3NwK5tgIQeNNkNAe47GDOqyqpb
Do you think logistics is good practice to become an actuary
Statistical analysis is certainly important in analysing logistics performance, so why not?
I am an undergraduate, interested in supply chain industry, is it possible for me to enter supply chain industry,, especially in ports, with a masters in industrial engineering. Please guide me through this sir, if not what should I do, pursue a supply chain management degree without work experience?
You asked the same question on another video. Answer is the same 🙂