3PL Benchmarking Inventory Shipping 
GlobalTranz
SEPTEMBER 24, 2018
In the age of e-commerce, maintaining the status quo will result in failure, disgruntled customers and added expenses, but shippers that leverage 3PL resources to apply transportation management best practices for e-commerce , as listed below, can navigate the issues that arise in e-commerce and achieve sustained profitability. LEARN MORE.
ShipBob
APRIL 15, 2024
That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management.
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Unleashed
JULY 25, 2023
The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover is expressed as a financial ratio.
GlobalTranz
OCTOBER 21, 2015
Here are the 9 key topics to understand in the relationsihp between the shipper and the 3PL. To be unified is to collaborate and trust the shipper/customer Third Party Logistics Service Provider (3PL) relationship. For example: Inventory Record Accuracy has to be 98-100% accurate daily. 3PL/Shipper/Customer Rewards.
Stord
APRIL 13, 2023
“Knowing what we have is better than anything on the market, we decided to make it available for all 3PLs and brands who are looking to increase efficiency in their own warehouses.” Coupled with Stord One Commerce , our new tech stack has helped us get a real handle on inventory management across multiple facilities.”
Logility
SEPTEMBER 16, 2022
Your buyers or your 3PL might be taking advantage of opportunistic contracts— trucks that were cheap for a single event, but do not reflect the market price next year. You can see three warehouses and almost every warehouse shipped to each destination city. – Are there data points for every season? Great, see how I saved $948K?
6 River Systems
JULY 30, 2020
Managing warehouse inventory, on its face, seems a simple concept: Keep enough stock on hand to fulfill orders, but not so much stock that your warehouse is filled to the brim with inventory that won’t move for months (or years). How much does it cost to store and maintain slow-moving or stagnant inventory?
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