Cutting transportation costs has continued to be one of the greatest strategic challenges in global logistics, but there are many more to take note of as you form your strategy for 2019. The following list includes the top logistics challenges that businesses should be prepared to overcome this year. If you are currently experiencing any of the following setbacks, working with a third-party logistics (3PL) provider can help. Here’s what you need to know about the challenges faced by the logistics industry today and where you can find effective solutions.
No matter the size of your business, order fulfillment issues are a common encounter in e-commerce. Errors can occur during the warehousing, packaging, shipping, and delivery process, and each of these aspects can have their own set of complications and stresses. If you want to ensure your business runs smoothly and successfully, here are some important facts about the most common e-commerce fulfillment challenges, and how you can resolve them.
When most people think about inventory management, they instantly get a headache from thinking of the overwhelming number of items to count and organize. However, developments in technology have allowed many businesses to access inventory management software that makes this process tremendously simpler. Instead of manually tracking everything, the software records the information and provides statistics and measurable data for you, and anyone in your network that you allow. Are you ready to save money with inventory management techniques? Here are some tips to follow.
Inventory management is not a simple task for many e-commerce businesses. You may either have too much or too little in stock or may have difficulties monitoring the movements of your products in and out of your warehouse. Inventory management software can help you prevent problems like these, by automating the process as much as possible. However, there are many misconceptions about inventory management that have led businesses to hold off on including it in their operations. Here are the most common inventory management myths and why this software is so important to your success.
The warehousing and fulfillment industry has never been more popular. Thanks to the exponential growth of e-commerce sales, there is more interest and opportunity in fulfillment services than ever before. But the growth of e-commerce fulfillment is more than an increasing interest—the industry has been taken to new heights because of a new method of doing business known as on-demand warehousing and fulfillment. Over the last few years, on-demand warehousing has been one of the major goals of online retailers to achieve success and get ahead of their competitors. What is on-demand warehousing and fulfillment? Keep reading to find out.
If you run an organization that sells food, cosmetics, supplements, drugs, or other medical products, CGMP standards and regulations matter. Especially in cases where you use outsourced providers to store and distribute your products, you will need to ensure these standards are met all across your supply chain. But what does CGMP stand for? Why do organizations need to meet these standards? If you need warehousing and fulfillment solutions in Miami, Florida, how can you be sure they are properly certified for CGMP? Here’s what you need to know about CGMP warehousing and the answers to questions like these. The following information will help you choose the right third-party logistics partner to provide you with safe solutions for your consumers.
The differences between business to business (B2B) and business to consumer (B2C) may seem confusing and complicated if you are new to either industry. There are many clear differences between these two operations, and each works in a unique way to help businesses succeed. Here’s what you need to know about each process and what makes them so different.
To stay competitive in today’s tough market, the location of your warehouse is vital. This factor could mean the difference between the success or failure of your company. Wondering what to consider when choosing the location of your warehouse fulfillment in Miami, Florida? Here’s what you need to know.
Warehousing Location: Why Is It So Important?
When fulfillment companies bring in new clients, they consider everything from order volume metrics, to product type, to SKU. Most fulfillment companies prefer clients with low SKU counts and high volumes, since these are the easiest to process. A high volume generates greater profits, and a low SKU count means more of the same products and as a result, easier inventory management. If you have high SKU counts, but don’t necessarily have a high volume of orders, it’s important to know what type of order fulfillment services in Florida can help. But first, here are the basics.
Inventory turnover is described as the cost of goods sold compared to the average inventory over the same period of time. It is generally simple to calculate and provides important insight as to where problems with inventory exist. However, inventory turnover analysis and management isn’t a one-size-fits-all approach for all companies and your company may need a specific strategy. If you want to know how to improve inventory turnover, keep on reading.