Customs Clearance: The Ultimate Guide – Meaning, Process, Documents Covered!
Before your international shipment can be delivered to the customer, it has to clear customs. But what really happens in a customs office? Customs clearance is simply the process of getting goods through customs so they can enter the country. Every country has import duties and taxes on goods crossing their borders. This generates income […]
Everything About 4PL Logistics in Supply Chain Management
A fourth-party logistics provider, or 4PL, is like the master chef of the supply chain, coordinating various logistics services to create an excellent dish – an optimized supply chain. Unlike third-party logistics (3PL) providers, which handle specific tasks such as warehousing, shipping, and order fulfillment, fourth-party logistics (4PL) providers manage and improve the entire supply […]
Stock Availability: What it is & How to Improve It?
Imagine yourself walking into a store with high expectations only to discover that the shelf is empty. Annoying right? Not only that but it also negatively impacts the business’s earnings and reputation. Here comes the importance of stock availability! If you are a businessman you might have often noticed that when things aren’t available there […]
Guide to ERP Inventory Management: Meaning, Features, and Benefits
An outdated or sluggish platform can disrupt production, frustrate customers, and impact both your profitability and delivery operations significantly. Approximately 41% of customers attribute late deliveries to companies, underscoring the critical need for accurate data across processes such as purchasing, shipping, warehousing, and ensuring customer satisfaction. For small and mid-sized custom manufacturers, accurately collecting ERP […]
What is Cross Docking? Definition, Types & Advantages
Have you ever thought about how your favorite products move from a supplier to store shelves so quickly? Well, that’s the power of cross docking at work! With the rising importance of time, the basics of warehousing cannot suffice in a world that is always running short of time. You might have often noticed that […]
Mastering the Art of Calculating E-Commerce Shipping Costs
Hey there, e-commerce enthusiast! Worried about your shipping cost? Fear not! we’ve got you covered. It may seem that finding out the costs of shipping your products will be complicated and challenging, especially for new shippers, and it only takes considering the weight and dimension of your package, the destination of your shipment, and your […]
How to Calculate and Improve Your Fill Rate: A Step-by-Step Guide
You might have asked yourself, why some companies are always ready with everything that you need while others keep you waiting for long. The issue is in something simple which is an often-overlooked metric called fill rate. If your business has a low fill rate, it may lead to serious problems like unhappy customers and […]
What is Merchandise Inventory? What Does it Include?
Have you ever glanced behind the curtains of your preferred store and wondered how they maintain those shelves brimming with goodies? There lies the magic trick of merchandise inventory, a significant component of the entire system that operates in the background. These are the different types of products that distributors, merchants, and wholesalers are willing […]
Inventory Carrying Costs: What It Is & How to Calculate It
Sometimes business leaders focus more on revenue growth and may overlook the less-obvious costs in their business. One such cost is the inventory carrying cost. One of the priciest under-the-radar outlays, the inventory carrying costs are expenses that build over the years until the inventory is sold to a new buyer. And we’ll be honest […]
Guide to Warehouse Inventory Management
Warehouse inventory management- this process may seem like a simple one on the surface. But the reality is different. It’s more than just inventory in and inventory out, in reality, it’s all about analysing the best ways to manage the inventory in the warehouse. It considers various processes to decide on the best approach that […]
What is Order Fulfillment? Process and Strategies
Let’s imagine you’ve placed an online order for your favorite bag, and you are monitoring its path from the warehouse to your home, eagerly awaiting its arrival. Have you ever thought about how the magic works behind the scenes? It’s the order fulfillment action! The fast and effective delivery of your goods is guaranteed by […]
A Comparative Analysis: Physical Inventory vs Cycle Counting
Consider yourself in charge of a busy warehouse, orders coming in like crazy, shelves filled with goods, and your staff working nonstop. How do you manage to remember everything amidst all this chaos? The only solution is to make yourself familiar with inventory management. So, join this blog to start debating on physical inventory vs cycle […]
