Phantom Inventory: The Mystery of Missing Inventory
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
Why Warehousing is a Key Part of the Supply Chain Process
Warehousing facilities play a vital role in the overall supply chain process. A warehouse is a large, spacious place that is used for the storage or accumulation of goods. Storing goods throughout the year and releasing when they are needed creates time utility. Continuing globalization increases the challenges in such areas as reverse logistics, environmental …Read More
Smart Packaging: When the Packaging Provides the Product Info
Digital technologies are changing how logistics companies operate. In order to compete, existing companies need to innovate to survive as new entrants are providing enhanced solutions through digital technologies.
Smart packaging, for example, is replacing conventional packaging because it monitors and communicates the condition of the products without having to resort to estimated expiration dates. It …Read More