What is inventory management?
Usually, companies do cycle counts to check inventory balances at the end of either each financial year or calendar year. This activity is fundamental in stock management. However, what does…
Usually, companies do cycle counts to check inventory balances at the end of either each financial year or calendar year. This activity is fundamental in stock management. However, what does…
Understanding different types of inventory stockpiles better can lead to supply chain improvement opportunities. Maintaining stock of goods is a cost for the company, while at the same time, this…
Inventory picking is an important element of warehouse operations. When designed well, it will allow operators to make the entire order preparation cycle efficient. The efficiency of picking procedures directly…
Logisticians often seek to improve supply chain performance and efficiency to increase productivity and provide a better competitive advantage for their business. Optimizing the supply chain can mean many things…
As with any other industry, it is important to keep staff motivated in supply chain and logistics. Motivating your employees helps create a climate of continuous improvement. Employee engagement should…
Inventory management is an important part of supply chain management. Inventory management can be very vaguely described as optimizing the inventory level between maximum and minimum acceptable levels for every…
Picking mistakes can cost a business significantly in terms of productivity. This is especially true if you run an e-commerce business that sells items exclusively online. Sending the wrong item,…
What does FCA in shipping terms mean? FCA refers to one of the 11 Incoterms® 2020. This Incoterm can be used for any mode of transport. There are 2 main…
When it comes to international supply chain and transportation, the term dangerous goods takes a very specific meaning. It may surprise you that many items that are considered dangerous goods…
When it comes to understanding letters of credit, you have to also understand the term UCP600. UCP stands for the "Uniform Customs and Practice for Documentary Credits". This is a…
What is HS classification? HS Classification refers to the process of assigning a tariff code to a product. This is a series of alphanumeric characters that describe a product to…
Ex-Factory pricing is a term you might come across while doing business with overseas partners and customers. Ex-Works is also a term you might come across in a similar setting.…