Paper. Not exactly the most compelling item to talk about when looking to optimize, save money, and reduce risk across a supply chain. Most people probably don’t even have paper on their radar as a potential cash and labor sieve, let alone an area of significant risk.
Think about all of the paper generated in a distribution center, network, or supply chain, though. Paper is on distribution center countertops being signed. Paper is in manila folders stacked on top of a desk waiting to be filed. Paper is in filing cabinets in the corners of offices. Paper is stacked on pallets in racks occupying locations that should be occupied by product. Paper is stored in off-site locations for years to comply with a variety of federal regulations. Couple those costs indirect and direct storage costs with the direct labor cost to print, store, manage, move, and retrieve as necessary and we have a significant cost number to sink our teeth into. An area to streamline and financially improve.
Paper and its costs are everywhere, and we don’t often think about the friction it creates internally or for our customers and partners. Why do businesses rely so heavily on paper?
- Are documents printed and stored to provide customer service access to them in the event of a question from a customer or transportation provider?
- Is it to comply with government and international regulations on document retention?
- Is it to capture a record of a signature that transfers ownership transfer between parties?
- Do the documents span departments and track compliance in the event of an audit?
What if a single solution met all of the enterprise visibility, audit, compliance, and risk mitigation needs while completely eliminating the costs associated with printing, storing, managing, and retrieving every document generated across your business? What if this solution streamlined every paper-based workflow and could be implemented in less than a week?
Folio is just that piece of software.
We invite you to review our paper cost calculator, to get an idea of the potential savings Folio can provide across your supply chain and enterprise.