Nic

Some companies classify the goods in terms of the cost prices as well.

Returns nowadays are a lot more compared to previously. Because B2C are involved, some consumers have higher expectations. Thus, when they feel that the goods do not mert their expectation, they will ...

Manual picking vs Automated picking

Using robotics and AI for optimizing the warehouse.

If the business is a huge one which requires specific requirements, then building a totally new one may be the viable option. Otherwise, the more common option is to lease. Building a new warehouse 1....

Agreed. It is always good to work in a warehouse with sufficient space rather than a congested one. Placing the overflow volume in another warehouse might incur additional cost as well.

Below are some of the cost components to be included. Staff: Staff salaries, overtime and benefits, temporary labor and subcontractor cost Inventory: Inventory consumed, obsolescence/disposal Warehous...

From finance perspective, the operations cost will definitely increase. The question management needs to ask whether the additional hours is justified.

Some companies still prefer to run the operations themselves rather than engagung 3PL. They have more control over their supply chain and logistics.

For JIT, companies may need to reconsider this strategy in the midst of Covid-19 situation. Beacuse of potential disruption and lockdown, there is a risk that material ordered may not reach in time.

Check out the following. 1. ABC classification of the inventory and if the fast moving items are placed at the most accessible locations. 2. Possible replacement of materials such as boxes and filler...

What's delayed differentiation?

This is because of the difficulty in justification. Typical 3PL contracts with customers are 2-3 years. After the contract ends, the customer can either re-contract with another 2-3 years or change th...

If my memory serves me right, pallet rack is approximately 8 to 10 years and software is 3 years.

Let me try to answer this.. Logistics: Scope: Typically within a company. Activities: Procurement, distribution, inventory management Supply Chain: Scope: Across different companies (end-to-end) Activ...