As your business is first starting out, you might choose to pack and ship your own orders. It can save you a bit of money, and the task might not be that big in the early days. However, with some luck, you’ll reach a point where the job becomes too big to take on yourself, … Read moreHow Third-Party Warehousing and Fulfillment Can Benefit Your Business
Inventory management is an essential part of business, and getting it right can give your cash flow a real boost. Here is a look at three techniques that can make a big difference. First In, First Out (FIFO) When you make an effort to sell your oldest stock first rather than your newest stock, you … Read moreThree Inventory Management Techniques You Can’t Afford to Overlook
You might be good at sales, or have a stellar product to offer, but if you don’t get logistics right, your business is doomed to fail. Getting products from the supplier to the consumer is a very involved process, and it’s essential that you have a strong understanding of it to improve your chances of … Read moreLogistics Can Make or Break a Business
When companies sell goods to customers, a supply chain is involved that impacts all aspects of the business. Many people believe that supply chain management is nothing more than supplier management. While this is indeed a big part of the job, there is actually a lot more to it than that. Supplier management entails negotiating … Read moreWhat Elements Make up Supply Chain Management?