Month

June 2020
When it comes to wholesale distribution companies that deal with non-perishable goods, overstocking over the course of the year can sometimes be seen as a good strategy to meet customer demands. Under certain circumstances, overstocking can help avoid backorders, ensure a steady revenue stream, and provide a bit of respite in the event of a...
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The majority of businesses will recognize that a large portion of the sales price of the product will go on to cover the supply chain costs of that good or service. In fact, supply chain costs were shown to comprise around 55% of the total product price. Having such a big influence on the price...
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Logistics management is a detailed process of organizing and implementing a particular operation. When it comes to a business, the process of logistics management refers to the workflow from start to finish. It’s used to fulfill the needs and expectations of both customers and the organization itself. Another way of looking at it is to...
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