Paper. Not exactly the most compelling area to talk about when looking to optimize, save money, and reduce risk in a supply chain. Heck, most people probably don’t even have paper on their radar as a cash and labor sieve, let alone an area of risk.
Think about all of the paper generated in a distribution center 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. Paper is stacked on pallets in racks occupying locations that should be used for product. Paper is stored in off-site locations for years to comply with a variety of federal regulations. Couple those costs with the direct labor cost to print, store, manage, move, and retrieve as necessary and we have a number to sink our teeth into. Something to streamline and fix. 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 we rely so heavily on paper?
- Are the documents printed and stored to give customer service access to them in the event of a question from a customer or transportation provider?
- Is it to comply with government regulations on document retention?
- Is it to have a record of the signature that defines ownership transfer between parties?
- Do the documents span departments to track compliance in the event of an audit?
What if a single solution met all of these visibility, audit, and risk mitigation needs while completely eliminating the costs associated with printing, storing, and retrieving every document generated in your supply chain? What if this solution streamlined every paper-based workflow in your supply chain 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 learn the potential savings available in your supply chain.