Warehouses are integral and essential entrepreneurial commandments that allow enterprises to store the associated inventory in a highly secured environment. With ecommerce slowly becoming a reality, the onus is now on the business to store their products safely before the big dispatch; thereby making sure that customers get exactly what they paid for. Moreover, with …
3PL or Third-party logistics signifies companies that offer a comprehensive selection of outsourced benefits to industries, inclusive of warehousing and transportation services. While the scope of 3PL companies has evolved with time, there are several industries that make selections based on the size and weight of the concerned shipment. Moreover, the dimensions of shipments determine …
Size and Weight of shipment can determine your choice of 3PL Company Read More »
In today’s economy, businesses need to be efficient in every aspect of its operations to gain an edge over their competitors. What happens if the company is not able to focus all its energy on its core competencies? The answer is stunted growth and probably in due time, obsolescence. As per the Inbound Logistics’ 12th …
5 Reasons why Outsourcing non-core functions to 3PL is the Right Decision Read More »
A functional reverse logistics approach works perfectly when it comes to enhancing the user experience and even reducing overall inventory costs. Reverse logistics, in the truest possible sense, signifies a strategy that remains active after the point-of-sale and aims at recapturing the product value. This approach also ensures that the returned product is disposed of …
The entire concept of inventory accounting offers an insight into the inventory assets of an organization. Therefore, every business that concerns warehousing, logistics and storage need to abide by the guidelines of inventory accounting. While there are many accounting strategies associated with inventory management, it all comes down to proper record keeping and inventory valuation. …
Understanding the Basics of Inventory Accounting Read More »
Supply chain disruptions present a strong case for the inclusion of future-proof management techniques. However, it is the advent of digital technologies that actually helps companies foresee the risk and threats pertaining to the supply chain. Moreover, future proofing the hierarchy renders additional levels of efficiency, agility and even visibility to the retailers and industries, …
Senior executives and organizational CFOs understand the value of inventory management as any form of shortage or glut might lead to reduced productivity. Enterprises usually rely on external benchmarks for assessing the existing state of inventory and in the meanwhile, end up making erroneous operational assumptions. It needs to be understood that the inventory is …
Top Tips to improve inventory management process Read More »
When it comes to product packaging, businesses need to address multiple requirements instead of concentrating more on aesthetics and creativity. Put simply, a packaging design need not be outstanding but should help amplify overall sales. Designers need to understand that anything that improves the sales figures is a great addition to the branding arsenal. Therefore, …
When it comes to tracking inventory and assets across the supply chain hierarchy, barcode labels are the most functional tools. However, analyzing and putting the barcode information to use can get complicated if the industries aren’t well versed with the types and existing standard-issuing entities. While a host of barcode types exist, a specific industry …
Predicting the future trends is important, especially when it comes to analyzing the supply chain. That said, warehousing is an integral part of supply chain management with many industries slowly shifting towards robotics for improving the organizational capabilities of the same. While the inclusion of automation has greatly improved the warehousing options, there are certain …
Want to set up a successful warehouse? – Don’t miss on these Read More »
