GLENDALE HEIGHTS, Ill.--(BUSINESS WIRE)--Oct 20, 2023--
Jim Becker, a seasoned entrepreneur and the CEO of Becker Logistics, brings his wealth of experience to the forefront in his insightful article, '5 Tips and Tricks to Grow Your Logistics Business.' With a proven track record in the logistics industry, Becker has long been recognized as a visionary leader who understands the intricacies of navigating this ever-evolving sector.
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Jim Becker, CEO of Becker Logistics, shares his expertise and unveils five strategies that can empower logistics companies to thrive in today's competitive marketplace. (Photo: Business Wire)
A steady rise in inflation is beginning to dominate the market and making recession inevitable. Companies that cannot operate with a system to work remotely find themselves at the crossroads of survival and sustainability.
Today, the stakes are high as the goal is not just to survive but step up the game and include crucial features for sustaining long-term growth. The same should be the case with logistics firms, since the changing scenarios and supply chain disruptions cause a threat to their existence where expenses exceed the revenues.
There are a plethora of factors involved in effective logistics management, but strategic management is the key to success, particularly in supply chain management. Despite the inclusion of critical strategies, room for improvement is always there, so one should always try to walk within the scope of improvising the process. Regardless of whether the business witnesses unprecedented growth, the firm should facilitate streamlined logistics planning techniques to improve output.
Equip yourself with strategic plans to battle future uncertainties, whether you have a startup firm or an established logistics company. Here are some proven ways to grow your logistics business as we discuss some crucial tips to manage it more effectively.
Transparency with shipping prices and conditions
Customer loyalty is mainly dependent on trust. The dedication of your customers begins with their confidence in your business. Therefore, transparency in crucial areas like price and shipping earns the loyalty of your customers.
One has to ensure that the customers must be kept in the loop for any form of update. Excellent customer service is the primary tenet of effective transport logistics management. For logistics firms, the customers are your most valuable asset. Apart from being a significant source of revenue generation, they can turn their peers, colleagues, and family members into loyal customers using the digital sphere and word-of-mouth reviews.
Moreover, the industry heavily advocates for the adoption of total transparency throughout the entire purchasing process. When your customers know the status of their delivery at every step, it eases their worries and makes them appreciative of company services. Transparency and accountability can provide a company with ample opportunities to shine through.
In order to achieve a seamless delivery process, make sure to specify your different delivery options, expected dates for delivery, associated costs, and return conditions. In other words, give the customer all the information they need to set realistic expectations and avoid unwelcome surprises. Making those details easy to see and jargon-free will also help with this aim.
Focus on employee training
Every employee in your business is responsible for the constant growth of the company, eventually ensuring long term success for it. There should be consistent and perfect synchronization between all the employees, starting from the people at the warehouse to the employees handling deliveries. Hence, you have to ensure that there are regular workshops and training sessions provided to all employees that will keep them updated about the latest trends and skills in the industry.
This will guarantee enhanced efficiency at the company, and satisfaction among customers. The behavior of your employees will also have a direct impact on the overall logistics. It is critical for the employees to have clear communication among themselves, via good human resource management, and their customers to make the overall process smooth. It directly affects your service process.
Proper Planning
Ensuring good planning requires contingency plans. From preparing for all outcomes to battling uncertainties, the final results must be handled carefully and with proper strategic implementation. The goal should consider the time taken for goods to move from each point, transportation required, and cost. A schedule should be put in place for all logistics segments. Since things tend to take a wrong turn more often than we think, unnecessary panic and emergency board meetings can be avoided by having a contingency plan.
What is logistics management? For the unversed, the basic concept of management revolves around learning how to get and stay organized on an enormous scale with many people and products involved.
Organizing a logistics division is daunting, and the initial steps involve creating a proper plan. You need to look at how you procure your goods, where you can store them, and how you will deliver them to the appropriate location.
Next, you’ll have to observe and analyze the time required for each activity/process. These cycles will include different aspects like what type(s) of transportation you’ll need to transport your goods, and how much it will all cost. Another great way to begin is to create a flow chart so you can see at a glance precisely what is going where, when, and what the costs are.
Smart Staffing
Staffing at a logistics company is a process that should be treated with importance. The manager and team handling clients should possess excellent interpersonal skills. Whenever things go off-plan, clients tend to panic and create a ruckus if they are not given proper updates. Therefore, the logistics team should be able to calm the clients down as the contingency plan continues to salvage the situation.
Also, warehouse managers must be tough and fast to ensure operations are moving quickly. Good warehouse employees avoid cases of perishable goods going bad, goods getting lost, or even time-sensitive items losing value.
Measure and improvise
Logistics network optimization is incomplete without integrating measurement, analysis, and feedback. You need to measure the output when deploying new strategies in the system. This is important as it determines the success or failure of the design.
Measurement tools and software should be integrated that quickly determines and classifies the information as per the requirement. Your future planning is heavily dependent on the measured data. Analyze the metrics related to different operations. This includes cycle time metrics, cost metrics, and service metrics.
Helpful feedback helps in improvising. The ideas and suggestions of the employees should be recorded periodically. This ensures that you generate a pool of ideas and, at the same time, it reveals any flaws in the system.
Final words
Logistics management is a significant aspect of the business that requires ample time and care to fulfill customer needs and stand in the market. It calls for associating with a trusted logistics management firm. Transportation is a vast area of business that demands time and attention to grow your bottom line and satisfy customers. Both sizes of order fulfillment must work simultaneously for optimal results.
About Jim Becker: Jim Becker is an accomplished entrepreneur and business expert with a proven track record of creating and growing Becker Logistics. With decades of experience, he is passionate about sharing his knowledge and helping others achieve their entrepreneurial dreams.
About Becker Logistics: Becker Logistics is a transportation management company that matches over 600 current customers with its top-quality asset-based carriers in the United States, Canada, and Mexico. Becker Logistics has over 70,000 contracts with asset-based carriers, and a dependable network of quality truck and rail carriers. Our operations include, but are not limited to, truckload or less-than-truckload (LTL), flatbeds, dry vans or drop trailers, temperature controlled, expedited, hazardous materials, warehousing, supply chain management and third-party logistics (3PL). Becker Logistics offers a dependable and reliable route for solving urgent shipping issues and supports its customers through a trusted network of high-quality carriers.
View source version on businesswire.com:https://www.businesswire.com/news/home/20231020470961/en/
CONTACT: Marketing
Phone: (630) 529-0700 | ext 3885
Email:Marketing@BeckerLogistics.com
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: THOUGHT LEADERSHIP ENTREPRENEUR TRUCKING PROFESSIONAL SERVICES CONSUMER LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT BUSINESS
SOURCE: Becker Logistics
Copyright Business Wire 2023.
PUB: 10/20/2023 12:04 PM/DISC: 10/20/2023 12:03 PM
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