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Emerging Trends in Automation: What it Means to Supply Chains

GlobalTranz

This example generates a huge amount of data that can leverage in the supply chain. While this example may still be a few years off, it is important that you understand how the top emerging trends in automation will shape supply chains and transportation processes in the coming years.

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Order Management System: What exactly is an OMS?

GlobalTranz

Prior to the rise of e-commerce, orders were handled through faxes and direct mail. However, the growth of e-commerce and Big Box retailers required systems that could streamline the entire process, getting more orders processed with fewer delays. What Does an Order Management System Really Do?

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5 Tips for Avoiding Holiday Season Mishaps

Ship Monk

Try as you might, it’s virtually impossible to control all aspects of the eCommerce supply chain, and there’s no better example of that than what we’ve witnessed in the whirlwind that has been 2020. That means conservative estimates for order processing, shipping times, and even inventory availability. Maintain Transparency.

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How to Calculate and Apply ABC Classification of Inventory

EazyStock

But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition. We’re going to use Frank’s Fasteners business as the example: 1. List the products in descending order based on their annual consumption value.

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How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. Here is a working illustration of how to divide your inventory using annual consumption value.

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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. ShipMonk’s proprietary eCommerce fulfillment software gives you the power to optimize your inventory ordering process and minimize holding costs. carrying costs, and needed to learn what those are.

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How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. Here is a working illustration of how to divide your inventory using annual consumption value.