Understanding what items are in your warehouse and knowing which items are going in or out of your facility can help you prevent fraud, speed up fulfillment, and lower costs. Balancing your accounts, providing financial reporting, and assessing current assets are all important roles in your supply chain that require good management of inventory. Manually tackling this job is not the most efficient way. There are numerous delays and errors that can occur when a human has to take on these multiple tasks.
Setting up an automated inventory management system for your warehousing operations can help you make smarter and more effective decisions as a business operator. Inventory control allows you to have a greater insight into your stock and a real-time update of your goods. Here are some additional benefits of an automated inventory management system. Continue reading
Logistics is the overseeing of both the inward and outward flow of goods from the manufacturing point to the end user or point of use. The movement of these goods is known as transportation. While some use these terms interchangeably, they are two very unique aspects of the supply chain. Here’s what you need to know about logistics vs. transportation. Continue reading
Order fulfillment plays a pivotal role in customer satisfaction—if the warehouse duties such as packing and shipping are not at top standard, you could be turning away customers. Also, if your online store has issues with inventory counts or unreasonably high shipping costs, you may see an increase in cart abandonment. The majority of these order fulfillment issues can be resolved through a partnership with a reliable third-party logistics company. Here are some ways a good order fulfillment team can improve your customer satisfaction. Continue reading