One inventory management strategy that has gained significant traction over the years is Vendor Managed Inventory (VMI). This approach not only optimizes inventory levels but also fosters stronger collaboration between suppliers and buyers. What is Vendor Managed Inventory (VMI)? Vendor Managed Inventory is a supply chain initiative where the supplier takes responsibility for managing the…
E-commerce has revolutionized business operations over the past few decades. And with the evolving digital age, we’re presented with new opportunities and challenges for order fulfillment. Among the various strategies to enhance efficiency and customer satisfaction, kitting has emerged as a powerful solution. By bundling related products into ready-to-ship kits, e-commerce businesses can streamline operations,…
In logistics, where efficiency and sustainability intertwine, repackaging innovations emerge as a transformative force. Beyond the conventional view of packaging as a protective layer, repackaging is evolving into a strategic aspect of supply chain management. Let’s delve into the realm of repackaging and explore the strategies that contribute to cost-effective logistics. The Evolution of Repackaging…
In the intricate dance of supply chain management, the concept of safety stock plays a pivotal role. Safety stock, a buffer inventory held to mitigate the impact of uncertainties in demand or supply, is the safety net that ensures your business stays resilient in the face of unforeseen challenges. What are safety stock strategies and…
When exploring supply chain management solutions, businesses seek strategies that not only streamline operations but also enhance efficiency and reduce costs. Vendor Managed Inventory (VMI) has emerged as a game-changing approach, allowing companies to take a proactive stance in inventory control and collaboration with suppliers. Let’s explore how VMI can be a strategic asset for…
In the rapidly evolving landscape of e-commerce, staying ahead of the curve is crucial for driving sales and fostering growth. To maximize your online retail success, it’s essential to explore innovative strategies that can positively impact your e-commerce sales. Here are five actionable ways, including the pivotal role a Third-Party Logistics (3PL) partner can play…
Warehouses are stacked sky-high. Why? How? And what do we do now? What is Overstock, and Why is it a Problem? In the simplest of terms, overstock is when a company manufactures more product than customers wish to purchase. This causes a disruption in cash flow as well as warehousing and distribution strategies. In the…
If you’re new to the idea of just-in-time logistics services, the basic concept is to align manufacturing, fulfillment, and shipping timelines with customer demand to reduce waste. In most cases, it can help you target your business goals more quickly. Businesses that implement it can see as much as a 9 percent increase in profit…
Supply chain management is a rapidly changing market, and today’s 3PLs need to adapt to keep up. 57 percent of companies believe that supply chain management gives them a competitive edge, and they’re right. Reducing supply chain costs by 5 percent has the potential to double profits. These value-added services make order fulfillment easier for…
Kitting is a great value-added service as it combines existing product into new configurations that allows for customers to select their exact specifications needed. And you don’t need to have any additional hands to make it happen when you work with a third-party logistics provider. But that’s just one reason why you should add it…
