Understanding the Hidden cost and Effects of Ghost Inventory (Phantom Inventory)
Phantom inventory also known as “Ghost inventory” is a vexing and puzzling issue in supply chain management. It refers to the stock that a system records as available, but in reality, does not exist. Phantom inventory can arise from various factors, including theft, damage, misplacement, miscounting during stockkeeping, unreported sales, or system errors. Although the […]
Detailed Insights into 6 Types of Supply Chain Models
A supply chain refers to a group of people and businesses that produce and deliver a product to the consumer. The raw material producers are the first step or link in the chain. Then the last one is the delivery agent who gets the product to the customer. The importance of supply chain management lies […]
5 Supply Chain KPIs You Should Be Measuring
In the dynamic landscape of supply chain management, organizations strive to optimize their operations for enhanced performance. Key Performance Indicators (KPIs) serve as vital metrics, offering insights into various facets of supply chain performance. This article delves into the definition and significance of supply chain KPIs, providing comprehensive examples and shedding light on effective management […]
Latest Warehouse Technology To Look For 2024
In the fast-paced world of logistics and supply chain management, staying at the forefront of technology is paramount. As we step into 2024, the warehouse industry is witnessing a revolutionary wave of advancements. From automated warehouse systems and cutting-edge data warehouse technologies to smart warehouse solutions and voice picking innovations, the landscape is evolving rapidly. […]
Top 4 Supply Chain Technology Trends In 2024
In the dynamic landscape of supply chain management, 2024 promises to usher in groundbreaking advancements. From artificial intelligence (AI) and the Internet of Things (IoT) to cloud-based products, robots, automation, and the emergence of circular supply chains, the industry is undergoing a revolutionary transformation. This article explores the top supply chain technology trends shaping 2024, […]
8 Ways To Deal With Excess Inventory
In the rapidly evolving landscape of supply chain management, excess inventory stands as a formidable challenge for businesses. As we step into 2024, it’s imperative to comprehend the dynamic technology trends shaping the industry. This article will explore the top supply chain technology trends while focusing on the critical issue of excess inventory. From understanding […]
A Deep Dive into Picking Carts and Their Role in Warehousing
In the dynamic landscape of warehouse management, the integration of advanced systems like the Pick to Cart system has revolutionized order fulfillment processes. Picking carts play a pivotal role in streamlining warehouse operations, enhancing productivity, and minimizing errors. This article delves into various aspects of picking carts, including their types such as stock picking ladder […]
What Is Mean By Long Haul And Short Haul Logistics?
In the realm of logistics, the terms “long haul” and “short haul” play a pivotal role in defining the distance and nature of transportation. Long haul refers to the movement of goods over extensive distances, often involving cross-country or international routes. On the other hand, short haul involves relatively shorter distances, typically within a local […]
What Is Unified Commerce?
Unified Commerce is a cutting-edge approach revolutionizing the retail landscape, seamlessly integrating online and offline channels for a cohesive customer experience. This strategy, often facilitated by Unified Commerce solutions, goes beyond traditional omnichannel methods. It optimizes customer journeys, streamlining interactions across various touchpoints. In this article, we delve into the nuances of Unified Commerce, exploring […]
Guide To Increase Warehouse Productivity In 2024
In the fast-paced world of logistics and supply chain management, optimizing warehouse productivity is crucial for meeting customer demands and maintaining a competitive edge. As we step into 2024, this comprehensive guide aims to provide practical insights into enhancing warehouse efficiency. From understanding key metrics and formulas to implementing standards and strategies, this guide covers […]
Benefits Of Supply Chain Mapping For Ecommerce Businesses
In the dynamic landscape of ecommerce, effective supply chain management is pivotal for success. Supply chain mapping, a strategic process that visualizes the entire supply chain from raw materials to end consumers, has emerged as a game-changer for businesses. This article delves into the multifaceted world of supply chain mapping, exploring its definition, tools, processes, […]
EDI Shipping – Guide For Ecommerce Business
In the dynamic realm of ecommerce, efficient shipping processes are vital for success. Electronic Data Interchange (EDI) has emerged as a cornerstone for seamless and automated shipping operations. In this guide, we delve into the nuances of EDI shipping, its meaning, integration, and associated charges. Whether you’re familiar with EDI or just encountering the term, […]
