How to Reduce Inventory Write-Offs
A dreaded term in the fulfillment industry is inventory write-off. It is the formal recognition that some of a company’s inventory no longer has value and cannot be sold. Sometimes inventory write-offs are necessary; sometimes items go out of style and need to be reworked or recycled for another purpose. Other times, a product gets damaged in the warehouse, either during storage or transportation, and has to be written-off. If write-offs happen here or there, it won't cause a huge loss to your organization; however, if they are happening frequently, it indicates that your company has poor inventory management. Here...
Warehouse Audit Checklist and Best Practices
Busy warehouse managers and business owners have little time to waste. They want their team to be on top of everything they are responsible for, so their business runs efficiently. Part of efficiently running and managing a warehouse space is to regularly run a warehouse audit. Performing an audit of each process in your operations can be a daunting task. Instead of taking shortcuts that lead to errors, there are a few warehouse audit best practices that you should know. Check out this warehouse audit checklist to help you determine which areas of your business you should audit. (more…)
Benefits of Outsourcing Shopify Fulfillment Services
It is impossible to handle every aspect of your business, which is why it is important to learn how to delegate. When it comes to passing along certain tasks, you need to ensure that you are delegating to the right people. It can be challenging to find partners who have the same passion about your project as you do, or you may have budget constraints that make it difficult for you to get the help you need. However, if you partner with a third-party logistics provider, you can benefit significantly as they will handle all the tasks associated with order...
What Are the Traits of a Successful Fulfillment Center?
If you've realized that you need a third-party logistics (3PL) provider to help you manage and grow your business, you may be wondering how to find an efficient fulfillment center? There are certain characteristics of 3PL providers that you will want to have, whether you are a small or medium-sized business. Here are some traits of a successful fulfillment center that you should look for when searching for the right fulfillment partner. (more…)
5 Reasons Outsourcing Subscription Box Fulfillment Is the Best Option
One of the biggest challenges for businesses is ensuring your e-commerce subscription boxes are shipped out in time. Your customers depend and expect that they will receive their purchased items on time, in good quality. It takes practice and skill to properly manage subscription e-commerce fulfillment and succeeding in this area is essential to your business’s growth. You may think subscription box fulfillment is a simple enough task and that it’s best to handle everything in-house; however, there are many reasons why this is not a good idea. Here are some key reasons why you should outsource your subscription box...
Why It’s a Good Idea to Work with a 3PL Service During the Holidays
[caption id="attachment_6049" align="alignleft" width="326"] iStock.com/scyther5[/caption] During the holidays, it can be overwhelming to fulfill and ship your products to your customers on your own. The increase in customer demand can lead to serious warehousing problems that affect your ability to be successful during this high sales season. This is where a third-party logistics (3PL) partner can help. They can take a huge amount of work off your shoulders by handling the time-consuming process of managing your warehouse, inventory, shipping, and delivery. Here’s why working with a 3PL service this holiday season is a great idea. (more…)
Benefits of Effective Supply Chain Management
[caption id="attachment_6039" align="alignleft" width="353"] iStock.com/Chaay_Tee[/caption] Effective supply chain management is vital for many businesses. It provides a competitive advantage and allows companies to lower their risk of errors when buying raw materials and selling products. Here’s what you need to know about the importance of supply chain management and the benefits it can bring your company. (more…)
How to Optimize Your Warehouse Replenishment
[caption id="attachment_6015" align="alignleft" width="300"] iStock.com/Wavebreakmedia[/caption] With the increasing pressure to deliver faster order fulfillment, it’s more important than ever for companies to streamline, improve, and reassess their existing warehouse operations and practices. Thanks to recent advancements in picking technology, companies are beginning to see improvements in their warehouses; however, one area that continues to be overlooked is replenishment. Here’s what you need to know about the importance of stock replenishment, plus we provide some helpful warehouse replenishment best practices to help you streamline your inventory management in your warehouse. (more…)
How to Manage Inventory when You Have Multiple Warehouses
[caption id="attachment_6009" align="alignleft" width="300"] iStock.com/Drazen Zigic[/caption] The warehouse is the core of inventory management where all goods are received, sent to production, and shipped out and delivered to customers. All these aspects must be streamlined and in perfect synchronization to ensure that your customers get their orders on time. As straight forward as it may seem, inventory management is not an easy task, especially when it comes to inventory management for multiple warehouse. The key to successfully managing multiple warehouses is to get a good understanding of the challenges they present and develop strategies for how to overcome them. Here...
9 Steps to Solve Common Inventory Problems
[caption id="attachment_6004" align="alignleft" width="300"] iStock.com/SeventyFour[/caption] Any organization that stores items in its warehouse needs some sort of inventory management. Without a proper strategy in place, your organization will face multiple challenges that could cost you money, waste time, and lead to poor customer service. Since the marketplace is constantly changing, you need to be able to adjust your processes to adapt to unexpected shifts. If you work within the e-commerce realm, you already know how important inventory efficiency is to draw in more customers and meet their demands. If you want to have a positive brand reputation, you will need...