Inventory management is crucial for any business, impacting financial health, customer satisfaction, and operational efficiency. In this article, I explain what inventory turnover ratio is, how to calculate and interpret it, their significance for businesses, and how a Warehouse Management...
Companies are constantly striving to optimize their operations and reduce costs while maintaining high levels of customer satisfaction. Lean inventory management offers a proven framework for achieving significant improvements in inventory management. In this article, I explore what is lean...
Every business dealing in physical goods must ascertain the worth of its inventory for accounting reasons. As inventory often constitutes a substantial portion of a company's assets, the method used to determine its value can have a substantial impact on...
Multi-warehouse management presents unique challenges and opportunities for businesses seeking to expand their reach and improve operational efficiency. In this article, I will describe the challenges and benefits of managing multiple warehouses and explore efficient strategies to control them. Challenges of...
In today's complex and dynamic distribution business, the efficient management of products does not end with successful deliveries. Efficiently handling product returns and managing the reverse flow of goods, known as reverse logistics, is an integral part of a distribution...
Several months ago, I wrote an article explaining how to calculate a WMS ROI aimed to convince the owners of a wholesale or distribution business of the savings and returns that a WMS will bring to the company. In this article, I...
In my previous article I talked about how to prevent warehouse theft. However, stealing from the warehouse is not the only way to steal products from a Distributor. Products can also be stolen during the delivery phase. In this article,...
Warehouse theft is a serious problem that can cost businesses millions of dollars each year. Whether you are a small distributor or a large logistics company, the potential for theft within your warehouse poses a significant threat to your bottom...
Inventory management is the backbone of distribution and wholesale businesses. To be successful and profitable in these industries, it is essential to have the right products in the right quantities at the right time. In this article, I explore how...
The holiday season is the busiest and most critical time of the year. As a reference, Insider Intelligence has predicted a 4.5% rise in sales in the 2023 holiday season alone. This “unexpected” increase in order volume entails tight delivery deadlines, and...