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"The Economic Report" Show to Feature Leading Edge LogisticsNovember 2008, Deerfield Beach, FL – The producers of The Economic Report are pleased to announce that Leading Edge Logistics will be featured in an upcoming episode as part of the show’s series on Eye on Transportation. Logistics is the science of transporting or shipping manufactured parts and finished product from one place to another within specified timeframes. This function is critical in any economy representing almost one trillion dollars of the Gross Domestic Product here in North America and over 3 trillion dollars world wide. High energy costs, environmental concerns, and lagging economic indicators, have caused global shippers as well as transportation and logistics services providers to shift their focus to expense, particularly on the supply chain which can make or break profitability. In our current economy, the Japanese concept of lean manufacturing and just-in-time delivery that eliminates the need for storing excess inventory are becoming increasingly essential to success. A company might sell or distribute a product that includes the cost of shipping, but the economies of scale from shipping large quantities of material are sure to be applied to his bottom line, not the recipient's. Some manufacturers might even bill for inflated "handling charges" or mask them somewhere in the invoice. A reliable, experienced third party logistics provider (3PL) can be invaluable in simplifying this usually confusing procedure. “Inbound freight costs can be as much as 35% of the total logistics cost,” said Tom Torcomian, President and CEO of Leading Edge Logistics. "When you are dealing with something that substantial, you need to be confident that whoever is managing the logistics process knows exactly what they are doing. A 3PL can act as a business change agent, driving a customer's ability to grow, innovate and compete." An effective third party logistics company will drive the logistics strategy and must produce significant cost savings to its client. Supply Chain Technology and good old fashion service ensure that this happens efficiently. Savings must be benchmarked for continuous improvement and results must be measured with real time progress reports. For more information, please visit www.leadingedgelogistics.com.
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