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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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Net Weight vs Gross Weight: Differences and Calculations
International shipments need the net, gross, and tare weights to ensure vessels are not overloaded. In addition, the quotes, paperwork, and bill of lading indicate which weights determine the shipment costs for the given freight company. Understanding the differences between the types of weights is critical to interpreting the paperwork. Container weight is one of […]
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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) benefits businesses by providing cost savings, improved efficiency, and enhanced visibility into transportation operations. Let’s explore the meaning of a transportation management system, the importance of transportation management, and the benefits that a transportation management system […]
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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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