In this episode we discuss finding and working with mentors and the importance of finding one within your industry and the benefits of peer feedback.
In this episode of Logical logistics Joe Becht and Joe Hurst talk about securing and accounting for all aspects of your logistics network. If you're relying on an outside vendor, you need to ensure that they know and understand your needs while also be flexible when you have large orders, need to relocate equipment, or other changes occur that need quick execution.
Your company is only good as what it provides to its customers. That being said, you need the simplest said, but often difficult method of finding deficiencies in your supply chain and distribution network is look at the hard numbers, from the time you receive an order, to the time it's prepped, to the time it leaves your warehouse.
If your product is being distributed within your own delivery network, this adds another layer of identifying your weaknesses, how long are your delivery drivers taking to delivery their loads, what routes are they taking, how much fuel are they using? Everyone of these examples needs to be addressed by just about every company to some degree.
Every business must evolve to meet new demands by their clients. If they don't, even the most specialized companies will eventually have rivals vying for your customers trying to promote similar services but with "perks" your company may not offer or be equipped to offer clients. Determining future needs is either a welcome addition or a nightmare.
If your company was suddenly met by 2 to heck, 10 large-scale clients, would your company be able to effectively provide the same level of service for each one? Even if your company couldn't handle that additional business, do you have a referral network in place?
Other professionals in the industry that you can refer clients and potentially earn referral commission from? Anticipating future needs is a challenge for any business, especially in the current Coronavirus Shelter in Place Orders, Quarantines and other business restrictions in many states.
Joe Hurst is the co-founder of Veroot, a cloud based vendor and compliance management system. Veroot is the fastest growing vendor management software in the logistics market, and is used by over 4000 companies worldwide.
He leads the outreach, customer service, and applications support team at Veroot. Under his leadership, Veroot has completely transformed the way companies exchange their data, store documents, and request information.
Joe’s passion is to create a world in which information is exchanged efficiently – so that markets are energized, and daily work is far less frustrating.
Prior to Veroot, Joe was co-Founder of an IOT (“Internet of Things”) company, represented Fortune 500 semiconductor companies including IBM, Sandisk, and AMD, and began his career as an engineering manager for a hand-held computing startup.
He's a graduate of The University of Akron, with a Bachelor of Science of Electrical Engineering w/ Honors, a recipient of the prestigious University of Akron Presidential Honors Scholarship, and a member of the Phi Eta Sigma National Honor Society. Joe can be reached at: firstname.lastname@example.org or see www.veroot.com.
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In this episode of Logical Logistics, we talk with Tom Eickleberry of Pride Street Realty about the Houston real estate market and the effects of the Coronavirus on the real estate business.