E.O.W (End of the Week) Notable Tip: Product Innovation for lower freight costs

Happy Friday!

I hope you’ve had a great week.

Freight and shipping costs can eat away at profits but they don’t have to. By having strong auditing, procurement and vendor management processes you can yield better profits. One way to reduce freight costs is by working with suppliers on product innovations that reduce the weight of the product without affecting quality. By designing more sustainable products that in turn reduce waste is an effective way in reducing freight costs.

That’s the E.O.W for today. Hope you’ve enjoyed it.

As always, “Success is continuous improvement.”

 

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