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Inventory Discrepancy: What It Means & How to Avoid It

Ship Monk

Today, we’ll cover what it means to have an inventory discrepancy, the most common causes, and how to avoid them. This not only helps the 3PL prep for slotting , picking, and packing , it also identifies inventory discrepancies before they affect your customers. What is an Inventory Discrepancy? Here are some places to start.

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Bringing Order to Chaos: Last-Mile Delivery Costs and How to Reduce Them

Locus

Read also: How to Calculate the Cost of Transport 2. Read also: What Makes Every Delivery More Efficient Than the Last How to reduce delivery costs of last-mile? Urban deliveries often increase fuel consumption due to higher delivery frequency and idling, while rural deliveries add to costs due to long travel distances.

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How to Budget for Automation in 2021

RPA Labs

Scalability: As soon as business picks up, Software Bots are instantly able to handle the excess without having to hire and train new employees. How to Budget for Automation in 2021 in 5 Steps. Schedule a demo for a custom solution and an estimate you can plan for. Speed: Our bots are 20-50x faster and work 24×7.

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Revenge Festivities: How To Power Up Your Retail Last-Mile Fulfillment To Meet Soaring Demand

Locus

Fuelled by a strong return to normalcy, ‘revenge festivities’ is a simmering trend that picked up during this Navratri in India, leading to a 15% spike in FMCG (Fast Moving Consumer Goods) sales with kirana stores stocking up 18% more. Schedule Demo. There seems to be a similar uptick across other geographies as well.

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How To Recruit Truck Drivers for Your Company

WorkWave

There will almost always be a shift or trip a truck driver can pick up when they need it, which is more than we can say for some careers. BOOK DEMO The post How To Recruit Truck Drivers for Your Company appeared first on WorkWave. Start Using Route Manager!

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How to Improve Inventory Turnover with Inventory Optimization

EazyStock

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. We’ve already discussed how every item in your product portfolio will have a different demand type. Pick frequency. The Importance of Improving your Inventory Turnover.

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How to Calculate and Apply ABC Classification of Inventory

EazyStock

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value.