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Freight In vs Freight Out: Definitions and Examples
Freight costs are a part of expenses for companies involved in shipping goods and transporting products to customers. You must understand the difference between freight in vs freight out, regardless of whether you work for a shipping company, a freight company, or any other business that functions similarly. This article will provide an in-depth look […]
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11 Types of Warehouses: A Complete Guide to Their Uses
Warehouses are essential to the supply chain and logistics industry. They provide storage facilities for a company’s upstream and downstream supply chain inventory until it is distributed to its final destination. These storage facilities ensure the smooth flow of goods through the supply chain from the manufacturer to the customer. However, not all warehouses are […]
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Process Manufacturing: Definition, Benefits, and Industries
Manufacturing is the process of creating a finished product from raw materials or ingredients. This action is accomplished by using machinery, human labor, and other tools, with some manufacturing requiring chemical processes. There are various methods of manufacturing systems linked with producing final goods. Process is one of the main manufacturing methods. Modern manufacturing processes, […]
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Commercial Invoice: Definition and Terms
A commercial invoice is a customs-required document for any internationally sold shipment of goods. As a document, a commercial invoice plays an important role in facilitating the processing of products and owed taxes or duties. The following summary covers all you need to know about a commercial invoice and its role in international trade. What […]
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The Ultimate Guide to Perpetual Inventory Systems: Benefits, Implementation, and Best Practices
In this guide, we’ll explore how a perpetual inventory system can revolutionize your business’ inventory management process and compare it to periodic inventory count systems. Throughout this guide, you’ll learn about the key differences between a perpetual system and periodic inventory systems. We’ll also discuss the pros and cons of using a perpetual inventory system […]
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Neo Bulk Cargo: Meaning, Types, and Examples
The shipping industry, the cornerstone of global trade, has witnessed the rising popularity of a distinct cargo category called neo bulk cargo. This innovative cargo type transforms the traditional bulk cargo model by integrating specialized equipment and practices for shipping various goods. In this article, we’ll delve into neo bulk cargo, its various types, and […]
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Supply Chain Control Tower: Definition, Types, and Implementation
In today’s global economy, effective supply chain management is increasingly complex. Companies face the challenge of ensuring timely product delivery, cost minimization, and consistent quality within a fragmented supply chain landscape. One solution gaining traction is the supply chain control tower (SCCT) model—a centralized hub for monitoring, managing, and optimizing all aspects of a supply […]
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All About Flatbed Trucks: Definition, Types, and Uses
Flatbed trucks are most often encountered when there is a need to transport oversized items that would be difficult or impossible to place in a conventional cargo vehicle. While these rigs may seem simple, they are essential in transportation. In this article, we’ll discuss the different types of flatbed trucks, their uses, and safety considerations […]
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Cosmetics Warehousing: What It Is, Importance, and Challenges
Cosmetics must be stored carefully and efficiently to keep them safe and cost-effective. But why is this important? And what challenges do cosmetic warehouses face? We’ll answer these questions in this blog post. So if you want to know why cosmetics warehousing is important and what problems it faces, keep reading. What is Cosmetics Warehousing? […]
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Repetitive Manufacturing: Definition, Types, and Benefits
Technological advances have led to a higher quality of life for many individuals and efficiency gains for most businesses. However, there have been new challenges posed by technological advances, including pollution and waste. In response, some companies are adopting a new technique called repetitive manufacturing. This manufacturing process is designed to help minimize waste while […]
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Drop Ship Guide: Meaning, Benefits, and Tips
In 2023, analysts predict 265 million digital shoppers will buy products across the globe. With such a massive transition into the age of e-commerce, there are opportunities to make the most of this market dynamic. Enter drop shipping. Whether you consider it a get-rich-quick scheme or not, it has tons of profit potential, but it’s […]
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Container Ship: Definition, Types, and Design
Container shipping allows even small manufacturers and business owners to take advantage of economies of scale and transport their products to consumers around the world. Though many people have some understanding of what a container ship is and how they work, few understand the process on a detailed level, including operating costs, supply chain, port […]
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Transportation Management System: Meaning, Importance, and Benefits
Transportation management systems help manage various transportation activities such as shipping, tracking, and delivery. A transportation management system (TMS) — also referred to as a transport order management system, transportation management solution, on demand transportation management system, 3pl transportation management system, or integrated transport management system—benefits businesses by providing cost savings, improved efficiency, and enhanced […]
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Bulk Cargo: Definition, Containers, and Handling
Bulk cargo poses unique handling and transportation challenges, due to its volume and weight. Effective bulk cargo handling requires a comprehensive understanding of the specific materials in transit and the appropriate storage, handling, and transportation methods to ensure safety and efficiency throughout the transaction. Container handling systems quickly and efficiently unload, load, and handle bulk […]
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Bonded Warehouse: Definition, Classes, and Benefits
International trade has increased by about 3.5% from the previous year, reflecting a trend that has been growing over several years. The increase in international shipping can be attributed in part to a growing global economy, which has introduced several new business opportunities. However, inventory storage remains a limiting factor as some products are fragile […]
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Warehouse Slotting: Definition, Benefits, and Best Practices
Planning and organization are the cornerstones of a successful warehouse. When a company’s inventory products are in their proper locations, pickers can quickly assemble and dispatch orders, increasing productivity and overall efficiency. This article explains warehouse slotting, its benefits, and best practices. What Is Slotting? Slotting refers to organizing warehouse inventory to maximize the efficiency […]
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What is Outsourcing? Definition, Advantages, and Examples
Many businesses have successfully adopted outsourcing processes into various aspects of their logistics and supply chain operations. Outsourcing (or out sourcing, as some refer to it) all or part of these functions can improve efficiency and in some cases, reduce costs. This article describes the concept of outsourcing, as well as the pros, cons, and […]
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Supply Planning: Definition, Process, and Best Practices
Supply planning is a business management tool that impacts supply, demand, and inventory levels. Retailers use supply chain planning systems to provide projected demand for products and materials needed to support those demands. The process is designed to balance plans for future demand with the availability of goods in inventory. Supply planning helps companies determine […]
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Plastic vs. Wood Pallets: Key Differences and Comparisons
Pallets are flat platforms used as a base for storing, stacking, handling, and transporting goods and products. Their design allows for lifting by a pallet jack, forklift, or other material-handling equipment. This design facilitates the efficient movement of goods through the supply chain, enabling easy loading and unloading onto trucks, ships, and other vehicles. Plastic […]
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Proforma vs. Commercial Invoice: Definitions, Examples, and Differences
There are significant differences between a proforma and a commercial invoice. Both documents look alike, so it is important to know how to differentiate one from the other. What Is a Proforma Invoice? A proforma invoice may answer a letter of inquiry from a potential buyer or provide the terms of a final invoice, so […]
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