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.
The Importance of Inventory Turnover Analysis
If you want a successful order fulfillment process in e-commerce, you need to make sure you’re getting the right products to the right customers at the right time. Although the final version of your e-commerce order fulfillment process may vary, there are key steps in the order fulfillment process that will help you ensure that you have an efficient system for your business. Keep on reading to find out what they are!
Key Factors of a Successful e-Commerce Order Fulfillment Process
Logistics has changed and grown to encompass many facets of delivery. In order to fully understand all of the different functions of a 3PL, we must first define exactly what a 3PL is. A 3PL ( or third-party logistics) company is contracted to provide logistics services to partner companies. So if your company needs help managing the movement of its products, you would partner with a 3PL to make this happen.
This management can take different forms, which we will discuss in more detail throughout this article.
A fulfillment strategy for e-commerce refers to business strategies that get online product orders to the customers who ordered them. If steady growth in your business has been testing your ability to fill these orders and deliver them on time, it’s time to update your fulfillment strategy. Thanks to ever-evolving technology, there are many options at your disposal. All you need to do is choose the right strategy, and carefully put it into action. This can be done with the help of an e-commerce 3PL (third-party logistics) partner. Here’s what you need to know about the e-commerce fulfillment models available to you and how you can choose which is the best for you.