Industries are evolving on a daily basis, and COVID-19 has expedited these changes as businesses look for ways to avoid supply chain interruptions. In order to reduce cost and comply with new environmental requirements, industries are adopting new technologies and strategies.
Distribution management is the process of overseeing product movement from the supplier or manufacturer to either a storage facility or directly to the point of sale. From outsourcing raw materials, to manufacturing a final product, distribution management oversees this entire process with the objective of streamlining it. Companies frequently lack the time and expertise to successfully manage these operations, relying instead on a distribution logistics company to supply raw materials or finished products in a safe and timely manner.
We sat down with David Schultz, NewStream's business development manager, recently to discuss the process for onboarding new customers, their concerns, NewStream's value adds, and how we help original equipment manufacturers (OEMs) love their supply chain.
While warehouses and distribution centers may appear similar from the outside, and the terms are frequently used interchangeably when discussing logistics and supply chain management, they operate very differently on the inside. Each is intended to handle distinct objectives, tasks, and responsibilities. It is critical to understand the differences between warehouses and distribution centers to select the best logistics and supply chain solution for your company's needs and achieve your inventory turnover goals.
E-commerce, also known as online retail, has changed the way consumers shop. Despite accounting for just over 13% of global retail sales, e-commerce generated an estimate of $215 billion in the United States. Retail has seen substantial changes because of technological advancements, which have had an impact on e-commerce. As businesses have attempted to accommodate unpredictable fluctuations in supply and demand, such changes have come with the complexity of inventory management connected with e-commerce. Many online retailers have adopted Just-In-Time delivery to optimize inventory management and ensure customer satisfaction.
