Like any industry, logistics has a multitude of terms that are commonly used but are foreign to executives unfamiliar with the day-to-day operations. To have a successful supply chain, the CFO must have a basic understanding of the terminology involved in the coordination and management of goods from all facets of the company, its suppliers, distributors, partners, and customers.

What does it mean to be a supplier for a supermarket like Whole Foods, and how has this changed now that they are part of the Amazon juggernaut? Any organization that is able to do so is held to the highest standards possible and must produce great products that live up to the ever-changing expectations of their consumer base. What many do not realize is that becoming a supplier is, in many ways, the easy part. Once that goal is achieved, the real work starts.

Do we need to integrate TMS with our ERP system? Given the complicated logistics frameworks that businesses operate in, this is becoming a point of debate. Learn how to save money, increase efficiency, and grow your business by integrating your Enterprise Resource Planning (ERP) tool with a Transportation Management System (TMS).

Utilization of third-party logistics providers has the potential to help businesses grow, even in the face of many of the challenges associated with the expansion of logistics operations. The technology offered by 3PLs, their vast experience in developing and tailoring processes that work for companies in every situation, and the logistics they bring to the table have the potential to help companies leap over the logistics hurdles that come with overall growth.

You landed the Walmart account! Now what? Retailers and consumer packaged goods (CPG) suppliers have a co-dependent relationship; the retailer needs products to sell to customers, the suppliers need to be able to reach those customers and want the reach that the likes of Walmart and Amazon provide.