The just-in-time delivery (JIT) process within supply chain management, also called “lean manufacturing”, is used by industries that produce, hold, sell and move inventory. This method determines that when demand for product is created, inventory is “pulled” rather than the historical model where inventory or products are “pushed”. Orders for replacement supplies are then placed […]
A crisis in the supply chain can happen at any time. Currently, in 2020, the world is encountering unprecedented disruptions due to a new coronavirus. However, a crisis can come in a variety of forms. It could be a widespread problem like COVID-19 or a localized challenge, like a fire destroying a warehouse. Whatever the
The COVID-19 pandemic is not only a health crisis; it has become an economic crisis as well. Entire supply chains have been disrupted and the logistics industry has been put under the microscope as communities have experienced empty shelves and long waits for medical supplies and essentials such as food, cleaning supplies and toilet paper.
In recent years, managers have become more adept at managing supply chains and mitigating recurring risks in the supply chain through improved planning and execution. However, supply chains are still (and will always be) vulnerable to unforeseen events from disruptive forces such as pandemics, natural disasters and economic downturns. While measures such as sourcing from
Third-party logistics (3PL) services allow companies to outsource operational activities like warehousing and delivery. By outsourcing logistics, your business has more time and resources to dedicate to sales, marketing, growth and product development. One particularly important logistics service is 3PL warehousing. A 3PL warehouse takes care of your physical warehousing space for you, eliminating the
In the world of product packaging and assembly, kitting takes separate but related items and packages them together under a single part number. This is especially helpful when items are to be used in conjunction with one another. One example might include various types and sizes of filters from several vendors packaged together in a
In the world of product packaging and assembly, kitting takes separate but related items and packages them together under a single part number. This is especially helpful when items are to be used in conjunction with one another, like in the case of preventative maintenance kits. One example might include various types and sizes of
How Maintenance Kits Can Increase Your Aftermarket Parts Sales Read More »
Just-in-time (JIT) delivery, a method of delivering raw materials, components and products exactly when they are needed, is an important part of the mutual success of vendors and customers. JIT is a logistics system proven to reduce inventory costs by reducing warehousing and minimizing transit waste. Companies using a just-in-time philosophy in supply chain management
Warehousing and fulfillment are important components of supply chain management. Sometimes these terms are used interchangeably, and often, warehousing and fulfillment services are offered by the same company. There are, however, distinct differences between the two. Understanding the relationship between warehousing and fulfillment, and the need for both, can significantly improve order processing and inventory
The Relationship Between Warehousing and Fulfillment Read More »
One of the many challenges associated with manufacturing a new product is finding cost-effective methods of managing production. As demand for a product increases, businesses often explore alternative ways of getting products out the door fast, efficiently and error-free. Factors Affecting Production Costs Production costs fall into three categories: direct materials cost, direct labor cost
What Effect Does Product Assembly Have on Production Costs? Read More »
1925 East Chestnut Expressway
Springfield, Missouri, 65802, USA
Phone: +1 (417) 831 3112
Fax: +1 (417) 832 1459
Toll Free: +1 (800) 533 3112
*All trademarks, trade names or logos mentioned or used herein are the property of their respective owners. Reference to any product or service by manufacturer, trade name, trademark or otherwise does not reflect any affiliation with the manufacturer or its endorsement of the products or services.