What are the challenges of logistics costs, and how can we control them?

Question

Accepted Answer

Logistics costs pose challenges, but strategic management can optimize efficiency and reduce expenses.

Implement route optimization software to reduce fuel costs and improve delivery times.
Negotiate better rates with carriers based on volume and long-term contracts.
Utilize technology like RFID for inventory management to minimize holding costs.
Adopt just-in-time inventory practices to reduce storage costs and waste.
Regularly review and analyze logistics data to identify inefficiencies and areas for cost reduction.