Inventory management is the management of inventory and stock. As an element of supply chain management, inventory management techniques includes aspects such as:
- controlling and overseeing ordering inventory
- storage of inventory
- controlling the amount of product for sale
Tracking inventory can be tedious work, but it’s vital to running a business. Inventory management systems are designed to handle most of the administrative work, making it easy to put an important part of your business on autopilot.
If you want to improve your supply chain processes, you should consider working with a third party logistics provider (3PL). These companies work as an all-in-one solution for every aspect of the chain
- picking and packing
Finding the right high-quality logistics provider that will help ship your products safely and cost-effectively isn’t always easy, but the potential rewards are simply too great to ignore.
Here are some of the third party logistics provider services available that will help you achieve the success you desire.
The holidays are by far the busiest time of year in ecommerce fulfillment. After the holiday shopping season comes the season of holiday returns. It’s time to start prepping your operation to handle holiday returns and exchanges. Dealing with returns is a costly necessity of doing business. The key is to make sure that the process is handled in a way that keeps customers coming back.
Too many online retailers gear up for holiday sales and then fall short when it comes to managing holiday returns that inevitably happen in late December and January.
What is blockchain technology?
It’s a shared ledger for recording the history of transactions – that cannot be altered.
Why we need it?
Transactions take place every second — orders, payments, account tracking. Often, each participant has his own ledger — and, thus, his own version of the truth. Having multiple ledgers is a recipe for error, fraud and inefficiencies. The goal is to see a transaction end-to-end and reduce those vulnerabilities.