Management and logistics are vital to any supply chain industry and must coincide to result in a cohesive business plan. Logistics management plays a key role in solving any supply chain problem, as well as in highlighting the company to its biggest competitors. Regardless of the stage at which your business is located, every entrepreneur strives …Read More
For all retail businesses, unnecessary costs within the supply chain must be contended with and reduced where possible. Reverse logistics is one such widely known cost center in the supply that, when left unchecked, can disrupt the entire supply workflow. The result can cut into profits and leave retailers with inventories that cannot be sold. …Read More
There is a common misconception among people that both shipping and logistics management are the same and are therefore, used interchangeably many times. Both services are intertwined when it comes to the support of a freight shipment or the logistics behind specialty handling and material management but there are notable differences between the two.
While both …Read More
Monitoring key performance indicators (KPIs) is an important part of your operations when tracking and managing your 3PL performance. When eCommerce companies continue to grow, fulfilling orders in-house no longer makes sense. For that reason, outsourcing the work to third-party logistics providers (3PLs) allows for a more efficient and more streamlined process. By outsourcing, these …Read More
Warehousing and order fulfillment require a lot of the time, effort, and money. Therefore, many shippers are choosing to outsource their key functions to third-party partners who offer logistics value-added services. Third-party logistics providers (3PLs) will optimize your supply chain and give you a competitive advantage. A strong partner can help you overcome supply chain …Read More
Logistics is that part of supply chain management that plans, implements and controls the efficient, effective flow and storage of goods, services and related information from the point of origin to the point of consumption in order to meet customers’ requirements. It is about getting the right product, to the right customer, in the right …Read More
Any logistics network includes vendors, warehouses, distribution centers, service operations, transportation routes and hubs, carriers, freight forwarders, importers, exporters, and more. The idea of optimizing and managing all of this can feel overwhelming.
The relationship between a company and their 3PL provider should be about the value being provided and the results gained by outsourcing the …Read More
Having the best product and an epic website with a user-friendly checkout feature is all great. But if your E-Commerce fulfillment does not run smoothly, your business will be all splash and no cash.
We understand that E-Commerce fulfillment is not the most exciting conversation piece. However, if you live within the world of online retail, …Read More
Your relationship with your 3PL should be no different from many of your other relationships, especially those in business. Logistics solutions can get technical and complex quickly, but by working with a company you trust will help alleviate the stress and confusion rather quickly. Your human point of contact within your 3PL partner should be just that… …Read More
When you know a product is out-of-stock and costing lost sales, you can do something about it. But what if you do not know that a product is not available for consumers who want to purchase it?
That is exactly what phantom inventory is: when a product is not reported as out-of-stock because the stores’ systems …Read More