Nitin Gadkari, the union minister for road transport, highways and shipping said on Monday that “`Make in India’ will meet success only when the logistics cost of building new infrastructure goes down”
Choose a Third-Party Logistics Provider (3PL)
As a company or an individual planning to restrict their transportation costs, and don’t have the in-house expertise, use a 3PL. Expertise doesn’t only mean that you get low-cost transportation, but also the planning associated to logistics. Use of 3PL or related companies like Trukky for SMEs can help you can save you money by determining which mode of transportation and which carrier is best for each particular shipment. Such companies help you plan your dispatches; streamline your transportation needs as per the planning. These companies provide the best available mode as they work directly in the field, compared to individuals who are supposed to focus on their core processes.
Plan Freight Conditions with Your Transporters
Manufacturing companies those miss out to work conjointly with the modes of transportation to analyze freight conditions can spend up to 20% more on transportation services than those that do, sit down and plan with your transporter how to work out together, their services with your freight necessities. Planning on where about of your deliveries, their time of transportation, their routes, and the modes of transportation can help companies to reduce on logistic costs.
Consolidate your consignments
Companies can reduce transportation costs by almost 5-6% by a mere practice of merging consignments, especially if the company produces and dispatches Part Load shipments. A simple step to go for a full truckload rather than fragmented loads over distributed dates can reduce the logistic costs. Trukky is one such company that provides online transportation that works in freight consolidation. Trukky combines similar small shipments from one and more company for the same destination and makes sure that companies have a low-cost express door to door Service.
Track Logistic performance
Companies need to set convenient high-value targets, such as inward bound and outward consignments cost, clientele satisfaction constraints like timely delivery, on-time pickup, per consignment cost, invoice, POD delivery and transportation availability on required routes. Having measure of such constraints give companies a clear picture of their logistics costs and the areas of improvements for lower costs.
Simple and minute changes in the logistic planning can increase the efficiency of your company’s logistics system. Low-cost
logistics and increased efficiency is a symptom of and profitable growth for the company. Choose your logistics/ transportation service partner properly and make sure that you spend some time in discussing your logistic needs and requirements with them so that adept planning can be done to shave you some money.