Reducing Inventory Carrying Costs Through Proper Inventory Management

As the world turns, so does inventory. In your conversations with retailers and warehouses, inventory turnover will likely be a major talking point. Warehouses and retailers want fast moving and consistent items — high inventory turnover is a crucial indicator of this. At first, inventory turnover may seem like a foreign and abstract concept. However, understanding this concept is easy and essential to running a smooth and successful supply chain:

Why inventory turnover is important:

  • Simply put, inventory turnover can be defined as the frequency in...
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Port Congestion: How to Avoid the Headache

What’s the best medicine for port congestion? Imports are surging and ports in major metropolitan areas present an attractive proposition for importers: quicker speed to market with a high density of consumers within a short distance. However, with surging volumes, this close access to a large concentration of consumers is a recipe for congestion. Port congestion has many causes and effects and is not unique to any one area in the US. As of January 2019, the average container turnaround time for port terminals located...
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Why Freight Class Matters

When it comes to less than truckload (LTL) transportation rates, accurate freight classification can be your best asset. By selecting the correct codes up front, you’ll avoid post-shipment reclassification charges from carriers. The National Motor Freight Classification (NMFC) system was developed as a standard to determine the shipment difficulty (transportability) of freight with varying specifications based on four criteria: Handling - How much work is required to load and unload the freight? Freight requiring specific handling procedures, such as fragile freight, will negatively impact the carrier’s...
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