Cutting-edge industry trends and practical tips to make fulfillment excellence a competitive advantage.
You need to know the cost of goods sold to calculate your business’s profits. Calculating and defining the cogs is an important factor in setting prices and managing your business budget. So what is the cogs? How do you calculate the cost of goods sold most easily? Why is the cogs a significant element for your business […]
Along with the huge benefits due to technology over the last decade, many new challenges have also surfaced. This is especially evident in supply chain management. If you work in any meaningful way with supply chain solutions, then you’re probably facing some or all of these scenarios:
Everybody wants fast delivery these days. But for your business logistics should you buy a fleet of Ferraris and helicopters to get there faster? Should you offer the shipping service for free? It all comes down to how much does it cost to ship a package vs. the business benefit. Of course, you want to […]
If you ask the average person about fast shipping or expedited shipping, they might imagine a big brown van speeding along the road. More informed people know, however, that it takes a high level of logistics coordination to deliver packages on the same day or overnight.
Everybody knows that barcodes were a supersonic leap over pen and paper inventory tracking. Still, many warehouses and companies have yet to tap into the full potential of a modern inventory system with barcode capability. Now, with connected technology and advanced warehouse algorithms, another quantum leap in performance may be possible.
Only a few business tactics truly improve operations and increase revenue streams. Kitting and assembly fit into this special category. Inventory kitting is also known as product bundling. This is where a business groups, packages, and sells items together in a single shipment.
