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Operations Management vs. Production Management: Differences, Tools, and Uses
As the gears of industry turn, two types of management keep the machine well-oiled: operations management and production management. Operations management refers to the administration of business activities that lead to the production of goods and services. In contrast, production management is a subset of operations management that focuses on the production process of goods. […]
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Gross Weight vs. Dry Weight: Definitions, Acronyms, and Factors that Affect Towing Capacity
Understanding the difference between gross and dry weight can be confusing, especially when it involves vehicle towing capacity. Did you know that these weights differ greatly and affect how much load your vehicle can legally carry? This article clarifies the differences by defining key terms, explaining common industry acronyms, and discussing factors influencing towing capabilities. […]
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Public Warehouse: Definition, Benefits, and Features
A public warehouse, often recognized as a third-party company location, serves diverse businesses with flexible storage and distribution needs. Its vast enclosed space is rented out to small and medium-sized enterprises for storing and managing their inventory efficiently. With no need to lock capital investment into property or bear associated taxes, a public warehouse emerges […]
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Perishable Cargo: Meaning, Examples, and Regulations
Navigating the complexities of transporting perishable cargo can be daunting. Did you know that these goods encompass a vast range of products, from dairy, frozen food and other meat products to live plants and seafood? This article unravels the meaning, examples, and regulations surrounding perishable cargo transportation. What is Perishable Cargo? Perishable items refer to […]
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Cold Storage Warehouse: Definition, How It Works, and Key Features
As supply chains evolve to accommodate growing consumer demand and more diverse temperature sensitive products, the importance of specialized storage solutions has become increasingly apparent. One such solution, critical for numerous industries, is the cold storage warehouse. This article delves into the world of cold storage warehousing, outlining what it entails, its significance, its unique […]
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Enterprise Resource Planning: Definition, Benefits, and Challenges
Struggling with managing your business operations efficiently? You’re not alone – about 25% of organizations implement Enterprise Resource Planning (ERP) to increase their efficiency. This article will guide you through the myriad facets of ERP, its benefits, vulnerabilities, applications, ERP meaning, and much more. It will also show you how to define ERP and highlight […]
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Backorder: Meaning, Causes, and How to Limit Them
Understanding what backorders mean, their causes, and how to limit them is essential for businesses and logistics professionals. As supply chain disruptions become more common in today’s global economy, managing backorders effectively can make or break a company’s success. In this article, we explore the ins and outs of back-ordered items to equip businesses with […]
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Process Manufacturing vs Discrete Manufacturing: Definitions and Differences
Manufacturing is the large-scale process of converting raw materials into finished products, utilizing factors of production, including human labor and machinery. Depending on the product requirements, you can use various manufacturing processes to get the desired output. Discrete manufacturing and process manufacturing are the most common production methods. In this article, we explore the two […]
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Vertical Integration: Definition, Examples, and Advantages
Companies can choose many business strategies to meet their supply chain and logistics needs. Each approach has advantages and disadvantages. The best method depends on a company’s specific needs, goals, and circumstances. Vertically integrated corporations, like those in the booming field of vertical aerospace, are giants with a grip on multiple stages of their production […]
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Supply Chain Visibility: What It Is, Importance, and Types
Supply chain visibility is a process that provides customers with information regarding a product or service they ordered. By informing customers of the timeframe and details about a specific product they ordered from a business, the corporation can monitor orders, increase its daily operation efficiency, and avoid customer dissatisfaction. Without supply chain visibility, individuals would […]
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