CitySprint and Clean Air Day 2019 Top 4 logistical challenges that face small busine | Page 2

  A streamlined logistics strategy is something every small business needs, but not many  have the time to master. As such, learning a few key principals could give you an  immediate advantage over your competitors. When it comes down to it, planning is the  key success factor in any logistics strategy; tracking the product journey from the point of  sourcing or manufacture, directly to the customer’s doorstep. When developing your own  logistics plan, you need to consider the following points:     ● What is the lead time on preparing new stock?  ● Where will you source product/materials from? (Or will you manufacture  independently?)  ● If required, how will you get that stock to you, do you need to consider import  support?  ● How will you ship products locally, nationally and internationally?  ● Will you handle shipping internally, or via a third-party solution?     Combined, these factors all influence the order fulfilment cycle, which determines how  long it takes for deliveries to reach customers. By carefully planning each part of the  cycle, and comparing several options for each stage, you may be able to reduce delivery  time and even costs.     This planned approach is enough to build a solid foundation for effective logistics — but  deeper knowledge may be required in order to ensure a competitive execution. To help,  hiring an expert, such as a logistics manager, to join your team or working with a  third-party logistics provider could help you to elevate your service above the  competition.