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.
Every day, some lucky person creates a new product that can change the world. However, many of these products go to the wayside, simply because the manufacturer could not effectively distribute this new product in the ever-changing global market. This can be due to a lack of resources or, more commonly, a lack of information on production and distribution. There are several different product distribution methods for various products because every company has highly specific long-term needs. With this in mind, here is some information on how to distribute YOUR new product in the market today.
Business today is growing. Whether it be a one-person operation out of a garage or a multi-million-dollar operation, businesses will always have the need to expand their inventory. As a supply chain strategy, businesses will choose either to build or add on to warehousing to increase storage capacity or to outsource their warehousing and distribution to a third-party logistics provider (3PL).Which is the best option for your company? the pros and cons of building or expanding a new warehouse compared to outsourcing.
