Pricing for profit in warehousing
from By Ken Ackerman
From Oct. 8:
Most logistics executives believe the primary function of logistics activity is reduction of costs. Given this environment, logistics service companies are naturally cautious about price increases. Most executives explore two paths to improve profits: increasing revenue and/or cutting costs. The third option of raising prices is seldom mentioned. High-tech manufacturers are able to raise prices when they add features — smartphones are a prime example.
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