Returns management, also known as reverse logistics, was once considered an afterthought. However, in the age of e-commerce, the concept is fast becoming a crucial element to retail enterprises. Retail businesses should improve the returns management logistical pipeline to reduce inefficiency costs and improve customer satisfaction.
As a result of widespread online shopping, the volume of …Read More
The management of goods and services from point of manufacture to the point of consumption refers to Logistics Management. It involves effectual planning, design, execution, control, and monitoring of supply chain activities. For many years, logistics management was viewed as a necessary evil. That is, logistics activities had were needed for a manufacturing or retail …Read More
A supply chain is a system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer. Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product that is delivered to the end customer.
What is Logistics?
Logistics is that part of supply chain …Read More
In difficult economic times, waste is the last thing an organization wants to see in their supply chain. Instead, many logistics companies are turning to Lean Thinking as it promises to reduce costs, improve quality and transform the bottom line, by eliminating waste in every area of the value stream.
Here, we will identify the eight …Read More
Too often we hear lay people, and even many managers, talking about warehouse replenishment and fulfillment as though they are synonymous. These two terms actually refer to different parts of the warehouse process. In order to manage each area of your warehouse effectively, you need to understand what they actually mean and what unique challenges …Read More
Kitting is a logistics strategy that consists of gathering the individual parts that make up a product and combining them to create a package or kit. This kit is then brought to other operators in the installation who will put together the final product. Because the life cycles of products are increasingly shorter, both the …Read More
The consumer landscape is has changed. Consumers now demand same-day delivery, free shipping and near instant access to more items than a brick and mortar store can hold. Current changes are happening in retail and the impending doom for traditional store models are in the foreseeable future. In order to compete with monster companies like Amazon, Wal-Mart, …Read More
For many companies, supply chain management involves a lot of missed opportunities. Instead of having a supply chain that adds value, they have one that is full of oversights and systemic mistakes that cost the company time and money.
Even if your company’s supply chain is running relatively smoothly, you might still be missing opportunities to …Read More
FedEx, the global freight transportation and logistics services provider, announced that its shipping rates are set to increase, effective January 4, 2021. While the 4.9% average increase matches previous years, there are a lot of changes that might affect your future shipping costs.
Besides FedEx’s residential surcharge adjustments, other notable adjustments include FedEx ground shipment costs, …Read More
How do your online orders get from warehouse to customer? If you are a business that is managing your own fulfillment orders, you know very well that it can take so much of your time. As a business, your main objective is to provide excellent customer service and making sure your customers receive their products. …Read More