Worldcraft Logistics updates the list of warehouse equipment you should own to OPTIMIZE your transportation and order fulfillment work. The article has a lot of good content, don't miss it.
What is a SKU number? An SKU, or "stock keeping unit," is a distinct code that retailers use to identify and manage products, with each of its 8 to 12 characters signifying a specific product attribute.
In consignment inventory, the supplier retains ownership of goods until they are sold by the retailer, reducing the retailer's upfront costs and risks for unsold products. This model benefits retailers with limited cash flow and uncertain customer demand, while giving suppliers control over product placement and pricing.
Supply chain metrics & KPIs such as Inventory Turnover, Order Accuracy, Cycle Time, On-Time Delivery... optimize operations and customer satisfaction. This article by Worldcraft Logistics will update you with enough information.
The providers of 3PL and 4PL are your means of creating a supply chain that is both streamlined and effective. However, how would one decide between the two?
Domestic shipping plays a vital role in modern commerce, and selecting the right service is key to business success and meeting customer needs. See Worldcraft Logistics' article now
What is Cross-Docking? Cross-docking involves unloading products from incoming delivery vehicles and then loading them directly onto outgoing vehicles. It have benefits & effective service for businesses
What is Lean Supply Chain Management? Benefits & How to Reduce Cost. It is only logical that supply chain strategies need to support this too.
What does awaiting fulfillment meaning? The term awaiting shipment signifies that the products have already been processed (picked and packed) and are now in a state of readiness for the shipping process.
Explore top-notch B2B fulfillment solutions designed to boost your business efficiency. From inventory management to order fulfillment, we provide the tools and expertise you need to thrive in the world of B2B commerce.
Ex Works (EXW) and Free On Board (FOB) are two Incoterms used to standardize and facilitate international freight transport. See Worldcraft Logistics' analysis now
Although supply chain management (SCM) and logistics share many characteristics, there are also significant variations between the two disciplines. Companies may develop a competitive advantage by optimizing operations, enhancing customer service, and better understanding the roles that each plays.
What is the main difference between FCL and LCL shipments? Which cargo storage option should you choose that suits your needs and the status of your goods? To help you understand the definitions, benefits, and clear direction of these options, Worldcraft Logistics will provide a comprehensive overview in the following article.
Cargo insurance provides compensation based on the commercial value in case of transit mishaps, covering liability for cargo damage or loss due to events like collision, fire, or load striking.
Explore the definition and significance of 'what is bulk cargo' in shipping and logistics. Learn about the key aspects of bulk cargo transportation. Find answers here!
Optimize your inventory with precision and ease. Streamline operations, reduce costs, and boost productivity with Worldcraft Logistics Inventory Management solutions.
The bill of lading (BOL) is a required document to move a freight shipment. The bill of lading is legally binding and provides the driver and the carrier.
A supplier is a company or individual that provides goods or services to another company. In business, a supplier is typically an organization that supplies ...
FIFO or First-In-First-Out, is a warehouse management term referring to the practice of handling inventory based on the order of arrival. Read now article of Worldcraft Logistics
Breakbulk cargo is material that is shipped in smaller packing, such as drums, crates, bags, straps, pallets, and bags. WorldCraft Logistics will give you detailed answers.
The bullwhip effect is a phenomenon that occurs when minor variations in consumer demand lead to amplified fluctuations in demand at the wholesale, distributor, and manufacturer levels within the supply chain management process.
What is supply chain management (SCM)? It is about managing the flow of goods, data and finances related to a product or service. Worldcraft Logistics answers the definition, process, and effective management in this article.
Ever wondered how to ship those LARGE and HEAVY items without breaking the bank or causing damage? Discover how to master the art of shipping oversized items with our comprehensive guide! From damage prevention and packaging to choosing the right shipping method, we've got you covered.
Are you making these common LTL shipping mistakes? Find out how to save time, money, and ensure a smooth freight experience! Discover the most frequent errors made in LTL shipping and tips to avoid them. Say goodbye to incorrect measurements, improper packaging, and missed carrier options. Don't let additional services or tracking slip through the cracks. Ready to transform your LTL shipping game?
Confused about Telex Release and Express Release in the logistics world? Don't worry, we've got you covered! Our latest article demystifies these often misunderstood terms, explaining their key differences and applications in the industry. Learn how they impact bills of lading, when to use each type of release, and how they can influence the shipping process. Empower yourself with this essential economic knowledge to make more informed decisions in logistics.
Master the art of packaging and preparing items for LTL shipping! Learn how accurate dimensions, proper documentation, efficient packaging, and labeling can make a world of difference. Protect your goods, reduce costs, and avoid delays.
Struggling to decide between FCL and LCL shipping for your international trade needs? Our latest article breaks down the differences between Full Container Load and Less Container Load shipping methods, helping you make the best choice based on your cargo's volume, weight, and quantity. Discover the pros and cons of each option, waiting periods, and various container types to maximize efficiency in your shipping process
Did you know there are cost-effective ways to ship bulky and heavy goods? Learn how LTL shipping, comparing carriers, and smart packaging can save you money on your next big shipment!
Curious about the differences between demurrage and detention in shipping, and how to avoid extra charges? Demurrage fees apply when you fail to pick up a full container from the port within the free days, while detention fees apply when the container isn't returned within the allotted free time. Proper planning and knowing the free days at your port can save you money!
The Bill of Lading (B/L) is crucial in ocean freight, containing information about the shipper, consignee, cargo, and ports. It includes terms like CY (Container Yard) and CFS (Container Freight Station), which are essential for understanding shipment types. CY is used for full container load (FCL) shipments, while CFS is for less than container load (LCL) shipments. Shipments can be CY/CY, CFS/CFS, CFS/CY, or CY/CFS, depending on the origin and destination. All deliveries are port-to-port, with the shipper or consignee responsible for cargo arrangements. In consolidation services, a CY/CY B/L is issued to the freight forwarder, who provides a House B/L to the shipper.
Spot and contractual freight rates have arisen due to demand-supply imbalances in the global freight industry. Spot rates are one-time, volatile rates based on market conditions, while contractual rates are negotiated for a specific period and offer more stability. The choice between the two depends on the predictability of your supply chain. Shippers often use both rates, depending on contract terms and market conditions. Regularly tracking freight movement is crucial for cost-effectiveness.
Freight costs are detailed in a freight quotation and include five components: origin haulage, origin charges, freight charges, destination charges, and destination haulage. Haulage involves moving goods between inland points and ports. Freight rates depend on various factors, such as cargo type and distance. Additional fees, like bunker adjustment factor (BAF) and currency adjustment factor (CAF), may apply. Origin charges cover customs and handling, while destination charges involve entry filing and handling. Understanding the freight quote helps avoid unexpected charges.
Third-party logistics refers to the outsourcing of logistics and supply chain management functions to a specialized company. In this article, we will explore what 3PLs are and how they work. 3PLs can operate on a local, national, or global level, and they serve a variety of industries. Third-party logistics (3PLs) are experts in logistics and supply chain management. 3PLs can handle fluctuations in demand, seasonal spikes, and sudden changes in supply chain requirements. By leveraging the expertise of a 3PL, companies can focus on their core competencies and leave logistics to the experts.
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