An important metric in the e-commerce space is calculating cost per order (also known as CPO). The CPO is not simply the labor involved in the shipment of the product. Still, it is a sum of items, including the costs associated with accepting the shipment of the product at your facility (receiving, storage, and inventory …
Artificial Intelligence is being used in warehouse management to help meet customer demands through predictive analytics that innovation to traditional operations.
Maybe you’re a small business. It all starts with an online business idea — you have a product, do some marketing, the wheels of commerce start turning, and now you find there are people out there buying what you are selling. Now you’re at a tipping point: the orders are coming in fast and furious, …
It’s hard for any single company to do everything superlatively well. At some point, most businesses face the decision of whether to keep all operations in-house or to outsource some functions such as warehousing and fulfillment to specialist partners to focus on their core competencies. If you’ve opted to outsource your warehousing to a third-party …
With the arrival of the COVID-19 pandemic, 2020 quickly became the Year of Disruption for the business community. Arguably the very first lesson we collectively learned was that a lean supply chain — the gold standard of operational excellence for a generation — was a liability in times of crisis. Leanness was out, and resilience …
Whether you’re manufacturing computer chips or chocolate chips, you rely on a group of suppliers to create your business products. Then you sell those products to specific customers. In this respect, your company, your suppliers, your customers (and their customers) form the different “links” of a supply chain. Moreover, the better you can integrate these …
Everything is going great with your e-commerce business. Orders are coming in, customers are leaving five-star reviews, and you were recently able to find another manufacturing partner at a lower cost. But fulfillment is still an issue. You can keep up with demand using the small office and commercial space you lease, but you keep …
Thanks to Amazon, consumers expect anything to be delivered fast and at a low cost. You’ve worked so hard to create a line of products and offer them at a price that customers are happily willing to pay for. Your marketing is on point: reviews and referral traffic are building, and you’re able to reduce your …
If you’re running your consumer packaged goods warehouse on an outdated system or even spreadsheets, you could be costing your company millions. It could be time to upgrade if you find it challenging to manage inventory and meet customer expectations. Take a look at the next level: a warehouse management system or WMS. What is WMS? …
The overall market for consumer packaged goods (CPG) – the items used by the average consumer – is on the rise. For example, in 2018, online sales of CPGs rose over 35 percent, and that trend doesn’t look to change anytime soon. What are CPGs? They are the everyday items that most people use regularly. They are …