Inventory Carrying Cost Definition
Carrying Cost is a component of total inventory costs, and those costs have a significant impact on a company’s revenue. These costs are high for companies that benefit from economies of scale, but low for companies that have a small amount of inventory. This...
All you need to know about mis shipments
Accuracy in fulfilling customer orders is very important in e-commerce, especially since mis shipments may cause many problems for e-commerce companies as well as their relationship with customers, as customers lose confidence if they receive a wrong shipment....
Multichannel inventory management in 2023
Inventory for any company is its heart, so poor inventory management can cost the company a lot. Recently, the importance of multichannel inventory management has emerged, through which purchase order operations, warehouse management and shipping management have...
Why is supply chain analytics important?
Supply chain analytics is an essential component of supply chain management (SCM), as it contributes directly to improving business forecasting and efficiency. Thus, it helps companies to be more responsive to customer needs, by providing predictive analytics that...
