Get ready, the holiday shopping and peak fulfillment season is coming. In many ways, it’s already here, as leading retailers and fulfillment centers are trying to get ahead of near-crisis level supply chain and workforce issues that are expected to wreak even further havoc during the holidays. Amazon, for instance, started promoting and fulfilling Black […]
The struggle to fulfill customer orders is considerable, and one that every ecommerce business owner understands. Whether you operate a small business or you’re trying to build something larger, order fulfillment remains one of the most expensive and most challenging parts of business ownership. And it doesn’t seem to be getting any easier, either. According […]
No matter what your industry might be, you work with suppliers. It could be raw materials, partially finished products, or even fully finished products that you then resell to your own customers. The challenge today is that the supply chain is becoming more and more complex.
Every company whose business involves the management of stock should be familiar with inventory-related terminology. Some of the many terms include: active stock, aisle, ATA, ATD, backorder, barcode, SKU, blind receiving, 3PL, 4PL, buffer stock, ending inventory, cargo, cross-aisle, consolidation, cross docking, cycle count, DDP, DSD, EAN, FIFO, LIFO, fixed slot, inventory system and more. […]
Forecasting: What is Forecasting and Why is it Important for Businesses Today’s business world requires an agile strategy interpretation and an effective operational management system in order to evolve beside the rapidly changing business climate. At this stage, forecasting comes into play and enables companies to plan ahead for unexpected events. Here you can find […]
A perpetual inventory system is an inventory management accounting method designed to update all the relevant information regarding the company’s accounting process. Perpetual inventory records real-time transactions that have been received or transactions related to sold stock. While this method is usually considered more efficient and handy than a periodic inventory system, it also involves updating and tracking inventory […]
