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Inbound vs. Outbound Logistics: Understanding the Key Differences and Optimizing the Last Mile

Locus

Outbound logistics activities include order processing, packaging, storage, transportation, distribution channel management, and customer support. Inbound Logistics Outbound Logistics Definition The process of managing and controlling the flow of raw materials, goods, and supplies from suppliers to the organization’s facilities.

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Emerging Trends in Automation: What it Means to Supply Chains

GlobalTranz

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. The Standard Definition & Components of Automation: Today: There is a standard definition of automation in the supply chain.

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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? The Big Picture.

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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. Use inventory management tools, such as the economic order quantity formula , to help you figure out how much of each item to order, and how often, to reduce setup costs and holding costs.

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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. This could include setting up sophisticated ordering processes for all A items, such as checking every purchase order and spending more time discussing lead times with suppliers to guarantee best value and timely deliveries.

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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. This could include setting up sophisticated ordering processes for all A items, such as checking every purchase order and spending more time discussing lead times with suppliers to guarantee best value and timely deliveries.

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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. This could include setting up sophisticated ordering processes for all A items, such as checking every purchase order and spending more time discussing lead times with suppliers to guarantee best value and timely deliveries.