The First Step to Increased ProfitsPosted on December 13, 2018
Find Your Base, Plan Your Strategies, Achieve Your Goals The first step towards increased profits is knowing where you are. You need to focus, set priorities, and create a trucking profitability strategy on those things that are truly important and are going to enable you to reach your company’s goals and objectives. No distractions, no diversions. Ask yourself these questions, and write down your answers in detail. Are you profitable?
Investing in Information TechnologyPosted on November 30, 2018
In looking at where you are and the needs of the business, take a close look at the investments you have already made. Are you using those assets effectively? Are you using them the way they were designed?
In many, if not most cases, businesses are not using all the functionality or capability of the solutions they already have. It is estimated that the average user only uses 10% to 15% of the functionality of Microsoft Office. Evaluate your current portfolio. Are you taking advantage of the investments you’ve already made.
The other problem is using those solutions the way they were designed.
An Introduction to Cost ModelingPosted on February 4, 2016
Many businesses with larger fleets are likely to have financial control systems, rate structures and systems for costing jobs. While this may be a common practice for larger operations, this is by no means the industry standard. Many trucking firms still rely upon inaccurate or incomplete data to make critical business decisions. Such businesses often find it difficult for managers and customers to identify where improvements and savings can be made. The goal of cost models is to make it easier to identify where these improvements and savings can be made.