Has your global supply chain ever failed you? Have you ever been caught up trying to get the right product to the right place at the right time? Whether you’re developing new products, expanding into new markets or looking to heighten your current supply chain processes, there’s a common denominator that unites all of the above: purchase order (PO) management.
Each year, importers place millions of purchase orders with overseas suppliers. With little to no visibility, collaboration, or transparency in place, importers spend countless hours each week manually managing their purchase orders.
Now that 2019 is underway and our clients are actively planning for the rest of the year, industry experts predict that demand for industrial technology and manufacturing will continue to grow.
How long has it been since you considered your supply chain and how to improve its efficiency? One month ago? Two months ago? A year ago? In a previous blog post , 88.3 percent of importers feel that their freight providers are not technologically advanced.
88.3 percent of importers feel that their freight providers are not technologically advanced. This means that nearly 9 in 10 importers believe they are falling behind due to lack of innovative information from their supply chain partners.
If you have been in logistics for any period of time, you know that late shipments can be a very common occurrence. In fact, 10 percent of small business owners reported that more than 75 percent of their shipments arrived late.
At Ascent Global Logistics, we are constantly looking for ways to help our customers become leading importers. With that being said, we understand that many importers still use traditional Excel files to manage and track all of their purchase orders.
Shipping freight that requires time definite arrival during the holidays can be challenging. However, with an optimum combination of knowledge and technology, managing last minute holiday shipments can be less stressful.
How can a strong logistics partner help drive cost savings and overall supply chain improvements? Through an optimal combination of people and technology. While people and technology alone can produce improvements, a strategy that combines the two allows companies to manage complex logistics networks with skill, insight and expertise.