On the outside, warehouses and fulfillment centers are large buildings that house inventory. However, the purpose of these facilities are vastly different. Each facility provides a different service for their customers, from storing inventory for extended periods of time to storing inventory and shipping it for customers will all be dependent on what the need of the customer is for their company.
Just-in-time (JIT), also referred to as lean manufacturing is an inventory strategy adopted by manufacturers to increase efficiency by receiving goods only as needed from a supplier. The main purpose of implementing this strategy is to lower inventory costs and decrease waste.
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.
