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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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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. By itself, carrying cost may not tell you much, but when tracked over time it can identify trends that affect your bottom line. Set reorder points for each SKU and automate the reordering process.