Category: Logistics

Types of Inventory Report You Need to Know About

Types of Inventory Report You Need to Know About 

Accurate inventory tracking can lead a business to success. It provides data about your inventory that helps you streamline your inventory management process. To get the most out of it, you can use this data and condense it into a report form. However, there are many types of inventory reports. Here, the question is – […]
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WIP Inventory

What is Work in Process (WIP) Inventory and How to Calculate It

Calculating Work-in-Process (WIP) Inventory is crucial for successfully managing your business. This account of unfinished goods can help you spot issues like excessive raw material. Calculating it can also help you reduce taxes since this inventory is considered an asset. Therefore, you need to know how to calculate work-in-process inventory to leverage this. In this […]
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Fulfillment

What Is Fulfillment Status? A Comprehensive Guide 2023

A successful order-fulfillment process increases your profits and lets you earn your customer’s loyalty. On the other hand, inefficient order fulfillment systems can ruin your business. That is why you must know what order fulfillment is about and how your customer receives your products. If you run a startup, you might handle your own order […]
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5 Tips for Overcoming Supply Chain Bottlenecks

5 Tips for Overcoming Supply Chain Bottlenecks

You might have sensed growing disruptions in every field of life ever since the pandemic started. In particular, supply chains that heavily relied on just-in-time practices struggled the most. And so, you may want to rebuild robust supply chains. To do this, you need to know what bottlenecks are and what causes these disruptions. Then, […]
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Supply Chain Challenges in 2023 and How to Overcome Them

Supply Chain Challenges in 2023 and How to Overcome Them

If you have been struggling with getting your goods to your customers, we have the right solutions. Supply chains are an important part of your business. And so you shouldn’t let issues in this area hinder your company. With the appropriate strategies, you can get your supply chain back on track and running smoothly. But first, […]
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How To Manage Your 3PL Performance Metrics

How to Manage Your 3PL Performance Metrics

While 3PL or third-party logistics can be a great asset to your business, a hands-off approach will not bring the results you hope for. To fully benefit from this relationship, you need to know how to manage 3PL performance. What is 3PL? 3PL businesses allow you to outsource your supply chain, letting your business focus on […]
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3Pl Supply Chain

5 Vital Roles of 3PL Logistics in the Supply Chain

What Is 3PL in the Supply Chain? Third-party logistics (3PL) refers to companies that handle warehousing, transportation, and other logistics services for businesses. They help move products from manufacturers to customers without the business having to manage it all themselves. 3PL Logistics providers specialize in the field of logistic services. These services can fulfill a […]
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What Is a 3PL? Third-Party Logistics Definition, Process, and Resources

What Is a 3PL? Third-Party Logistics Definition, Process, and Resources

3PL stands for “Third-Party Logistics.” It refers to a company or service provider that offers various logistics and supply chain management services to businesses. These services can include transportation, warehousing, order fulfillment, inventory management, distribution, and more. In this article, we will dеlvе into what is 3pl, 3PL warеhousеs, еxploring thеir functions, and bеnеfits, and […]
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