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…
Types of inventory in warehouses
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…
Improving warehouse picking processes
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…
Optimize supply chain performance in healthcare
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…
How to motivate supply chain/logistics staff?
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 Efficiency
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…
Warehouse Picking Process Mistakes
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,…
FCA Incoterms 2020: Frequently Asked Questions
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…
What are dangerous goods?
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…
What is UCP600?
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…
Can I outsource HS classification?
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…
What is Ex Factory Price?
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.…
