What is Stock Control?
What is Stock Control? Stock control, also known as inventory control, ensures businesses maintain ideal inventory levels to meet customer demand efficiently. An effective stock control process balances order fulfilment, minimises costs, and mitigates the risk of overstocking or under stocking. This systematic approach supports operational efficiency by aligning inventory levels with business needs, improving […]
What is Domestic Shipping?
What is Domestic Shipping? Domestic shipping is the transportation of goods or documents on a national basis, including the transportation between any territories. For example, shipping of items from mainland India to Andaman Islands is under domestic shipping services, since the shipping falls within the jurisdiction of National. Domestic expedited shipping ensures a faster delivery […]
How Effective is Milk Run Logistics
What is Milk Run Logistics? Milk run logistics is a transportation plan where a vehicle follows a predetermined milk run route to pick or drop items, aiming to optimize the milk run method and milk run concept. This approach saves time, cost associated with transportation and time required for milk delivery by consolidating multiple suppliers […]
What is Cost of Goods Sold Formula?
What is the Cost of Goods Sold? Cost of goods sold meaning lies in its role as the total cost incurred in producing or purchasing goods that a company sells. This metric directly affects profitability and operational decisions. Businesses often ask what is cost of goods sold, when analysing their financial health and its impact […]
SDE Analysis in Inventory Management
What is SDE Analysis? SDE analysis, standing for Scarce, Difficult, and Easy, is an inventory classification technique that categorises items based on availability and procurement complexity. It helps businesses optimize inventory management, improving efficiency, and supporting better decision-making processes, directly influencing Cost of Goods Sold (COGS) and operational costs. Principles Of SDE Analysis: SDE analysis […]
What is Logistics Distribution?
What is Distribution Logistics? Distribution logistics is one of the subsets of logistics concentrating on the delivery of goods from the manufacturer to the end user. On the other hand, logistics covers an entire supply chain, from procurement, production, storage, and all the way around transport management. It involves warehouse logistics distribution, the optimisation of […]
What is Manufacturing Lead Time?
What is Manufacturing Lead Time? Manufacturing Lead Time, also known as lead time in manufacturing, is the total time required to produce a product and deliver it to the customer. It begins with production initiation and ends with final delivery. Understanding lead time definition helps businesses streamline Supply Chain Management and ensure products are available […]
What is Order Fulfilment?
What is Order Fulfilment? Order fulfilment refers to the systematic process of receiving, preparing, and delivering ecommerce orders. This process ensures accuracy and timeliness, encompassing key stages like order fulfilment process, picking, packing, and shipping. Proper execution in transportation and logistics ensures customer satisfaction and boosts business efficiency. Why is Order Fulfilment Important? Order fulfilment […]
What is Shipping Carrier?
What is a Shipping Carrier? When looking into what is shipping carrier, the definition refers to companies that move goods between shippers and consignees. A shipping carrier ensures efficient freight transportation using services ranging from small local setups to multi-modal transport. These logistics providers are integral to India’s transportation networks, offering cost-effective solutions for transport […]
Strategic Demand Management
Introduction to Demand Management: Demand management entails managing demand for a certain product or service by forecasting it, planning for it, and controlling it. It seeks to match the supply with demand management to use resources effectively, and to avoid incurring additional costs that would later be shifted to the customers. This process includes a […]
