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
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
A common mistake is to believe that the terms “KPI” and “metric” are interchangeable. They are not. While all KPIs are metrics, not all metrics are KPIs. A metric is any measurement of a specific part of a supply chain operation. It can be as simple as the time of departure of a transport or …Read More
Thanks to companies like Amazon, the e-commerce business model is growing at a phenomenal rate. Powered by the top trends in e-commerce logistics, shippers have an amazing opportunity to increase efficiency and profitability while reducing freight costs. Innovations within the logistics and manufacturing industries, ranging from 3D printing to active RFID tracking, will help shippers …Read More