E-commerce order reshipments occur when a customer places an order online and the package sent to them is returned due to an incorrect address, damage in transit, or another issue. This can be a costly problem for businesses as...
Third-party logistics (3PL) providers are companies that provide services to help businesses manage their supply chain operations. These services can include warehousing, transportation, inventory management, and other related activities. 3PLs are typically used by businesses when they need additional...
Definition of cart abandonment Cart abandonment occurs when a customer adds items to their online shopping cart, but fails to complete the purchase. This is a common issue for online retailers, with an estimated average rate of 69.57%, according...
Integrated Logistics Software (ILS) is a comprehensive solution that helps businesses to manage their entire supply chain and logistics operations. It provides a single platform for the management of orders, inventory, shipping, and returns. ILS can be used to...
Overview of Contract Warehousing Contract warehousing is a service whereby a third-party logistics provider (3PL) provides storage and distribution services for a customer. This type of warehousing arrangement offers several advantages over traditional in-house warehousing, including cost savings, improved...
Minimum Order Quantity (MOQ) is a concept used by suppliers and manufacturers to ensure that orders are placed in specific quantities. This means that customers must meet the minimum order requirement before they can purchase the product. It is...
Warehouse metrics are essential to measure the performance of a company’s warehouse operations. They provide an understanding of the efficiency and effectiveness of activities such as receiving, storage, picking, packing, and shipping. By measuring these activities, companies can identify...
3PL (Third Party Logistics) fulfillment is a rapidly growing business that takes on the responsibility of managing the supply chain for an organization. This includes warehousing, shipping, and delivering products to customers. As businesses grow, it can become increasingly...
Procurement and logistics are two terms that are often used interchangeably, but there is a distinct difference between the two. Procurement is the process of acquiring goods and services from an external source, while logistics is the management of...