A shipping company imposes both demurrage and detention fees when a shipper uses cargo containers longer than agreed in a free-time contract. For this reason, the terms are often used interchangeably. However, they are different, and each is charged in…
With the increasing importance of inventory visibility and accuracy, a radio-frequency identification (RFID) system is no longer a nice-to-have technology in your storage facility. It’s becoming the foundation of warehouse efficiency. An RFID inventory system uses wireless technology to track…
Maintaining your inventory at optimal levels is a tricky balance. You need enough items in stock to meet customer demand, but you don’t want excess inventory sitting around and impacting your storage costs. By tracking inventory management key performance indicators…
Understanding the distinction between procurement vs supply chain management is crucial in today's business landscape. While these terms are sometimes used interchangeably, it is important to recognize their roles and responsibilities within an organization. Failing to do can lead to…
Speed and efficiency — these are two of the most important elements that stand between your supply chain’s efficiency and potential chaos. Today, customers expect on time transportation and deliveries. Moreover, the competition for these customers is far more fierce than…
The global supply chain disruption seen over the past several years has permanently altered how many companies do business. Additionally, the ongoing labor shortages, specifically within the manufacturing and warehousing industries, continue to make it harder for businesses to keep…
Businesses of all sizes and from varying industries have used enterprise resource planning (ERP) to conduct business for more than 60 years. ERPs began in the 1960s when a manufacturer of tractor and construction machinery worked with IBM to build…
A supply chain strategy, at its core, involves the smooth transition of a product from raw material acquisition (upstream) to the delivery of the final product to the end consumer (downstream). However, these two supply chain segments are not just…
Do you understand how transportation visibility works for your supply chain activities? There's no doubt that it has become an increasingly important factor in operating a successful business. Many organizations have turned to automated systems to offer better insight into…
Global supply chains are undergoing rapid digital transformation. As the world becomes increasingly connected through technology, supply chain operations must also evolve to keep up. Supply chain strategies and business models that may have worked well a few years ago…
