Millennials are the next generation to shape the future of procurement, travel management and business. Defined as people born between 1982 and 2000, millennials represent more than one quarter of the nation’s population, making them the largest generation in US history. By 2020, over half of the workforce will be made up of millennials, and their different mindset, habits and preferences can have an impact on your company’s bottom line.
It’s not a secret that there is an abundance of new workforce regulations, and an ever-increasing demand to drive more efficiencies. Procurement and Human Resources professionals know, all too well, this is rewarding but it’s also demanding. Below are the top 5 signs you should consider streamlining your program.
Every logistics manager knows the importance of their carrier relationships. A lot is riding on your carrier—protection of your goods, budget, on-time delivery, and your customers’ satisfaction level. When it comes to negotiating a parcel contract, many logistics professionals take pride in being able to negotiate the best shipping
Because they do it every day, carriers know their way around a contract. After all, it is under their terms, and the success of their company is dependent terms and rates; however, don’t discount the idea of having a third-party consultant help with your small parcel contracts. The information they have access to can make a significant difference in your rates. on how well they can negotiate. Shippers, on the other hand, don’t have nearly the same amount of experience with contracts. But skill level comparisons are not really the issue; it’s about who has access to the most accurate and relevant information that will give them the upper hand. In 99.99% of negotiations, it is the carrier.
Managing the mobile employee has become exponentially more complex recently due to shifting demographics, increased globalization and tighter competition for talent across all industries. Our research indicates a recent phenomenon: companies pursuing greater agility and flexibility to accommodate rapidly-changing business goals and seize opportunities.
Parcel shipping is getting expensive. In reality, it already was costly and now it is even more so. The recent rate increase announcements from UPS and FedEx means that it will cost more money to ship in 2018. Reducing parcel shipping costs, without sacrificing service, has become a concern for many businesses. Profit margins continue to narrow for ecommerce companies meaning they will need to make sure that their parcel shipping strategy not only fulfills customer demands but also saves money.
It is hard to read any technology industry news these days without seeing an announcement of a security breach. This was most recently evidenced with the Equifax cyber attack that is estimated to have affected 143 million Americans.
Prime Advantage, an OMNIA Partner, has invited industry experts to share insights on achieving manufacturing and business success. In this post, journalist Brandon Stanley shares insights on what it takes to be an exceptional leader.
Companies are always looking for leaders which are highly effective in inspiring their employees to give their best. Of course, not all of us were born leaders, but any of us can learn how to become one. To be a great leader, you need to inspire and motivate your team. How? By leading by example.
“Rather than thinking you’re right, ask yourself, how do you know you’re right?” These are the sentiments of Ray Dalio, founder of Bridgewater Associates, the largest hedge fund in the world, during his recent TED Talk on enhancing decision making. Dalio believes that one of the greatest tragedies of mankind is that people arrogantly and naively hold onto opinions that are incorrect, and act on those views without any verification process.