Order fulfillment in its broadest sense can refer to just about any step of the process between the moment an order is placed and its delivery into the hands of a customer. Depending on the industry and product involved, the actual order fulfillment strategy can vary greatly in terms of complexity. For many businesses, it makes […]
Involving every step of the process from raw materials to finished product in a customers hands, the supply chain is as complex as your business model itself. Fortunately, there are a growing number of ways to outsource you supply chain management needs, allowing you to grow your business while leaving the logistical details to a […]
Order Fulfillment is one of the most important yet most complicated aspect to supply chain management, it involves preparing and shipping the product to the customer from a dedicated storage facility. For online businesses or those that operate over a large region from a small shop, order fulfillment is often the key to success, as […]
The term third party logistics, or TPL, refers to the outsourcing of one or many aspects of the supply chain to another company. According to a recent MIT study, third part logistics is a fast growing area, as more and more companies realize that it can drastically save them time and money to have an […]
Supply chain management covers everything from the material sources and production of a product all the way to its final destination in the hands of a consumer. In an increasingly globalized and interconnected world, the opportunities for unique businesses are abundant, but the logistics of managing the supply chain is often what complicates matters for […]
An integral part of the supply chain, Warehouse inventory management systems are ways of controlling the movement and storage of materials and goods so that they are always tracked, organized and accounted for. There are many specific techniques and procedures in the field of warehouse management, which is why courses and diploma programs in the […]
A bonded warehouse is a secured facility that is used for the storage of dutiable merchandise. When the bonded warehouse is a privately managed enterprise, a customs bond must be posted with the government. Once the goods have been placed in the warehouse, both the importer and the warehouse owner incur liability for the merchandise […]
Because you understand the importance of eliminating wasted time and excessive costs, you appreciate the fact that your warehouse needs to be run with optimum efficiency. Here are 5 warehousing practices that will help you achieve just that. Utilize Automatic Data Collection Technology If you don’t already have this in place, you’re missing out on […]
Inventory management is one of the most important aspects of running a business. Although there is no perfect way to set up an inventory management system, and you will need to be somewhat flexible depending on your type of business and its size, there are some basic elements that are important when it comes to […]
When it comes to inventory management you can’t afford to takes chances; you need to make sure you have enough of the right products on hand whenever you need them. If you’re failing to keep up with your inventory management, then you’re letting down your clients and your company is failing. Here are five tips […]
