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Proforma vs. Commercial Invoice: Definitions, Examples, and Differences
There are significant differences between a proforma and a commercial invoice. Both documents look alike, so it is important to know how to differentiate one from the other. What Is a Proforma Invoice? A proforma invoice may answer a letter of inquiry from a potential buyer or provide the terms of a final invoice, so […]
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Order Fulfillment: Meaning, Process, and How To Optimize
The process of order fulfillment can be complex and time-consuming. However, it can be optimized with the right strategies and ultimately improve customer satisfaction, increase repeat business, and reduce costs.
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Discrete Manufacturing: Definition, Benefits, and Examples
In the past, manufacturing tended to involve long assembly lines with armies of workers playing a part in creating the finished products. This description fits well for conventional manufacturing industries. However, with rapid technological advancements, various alternative manufacturing options exist now. Discrete manufacturing is one of the most prevalent manufacturing processes that utilize a production […]
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Just In Time Manufacturing: Definition, Benefits, and Origin
New technologies, raw materials, and production strategies are being adopted daily as companies strive to remain competitive in their respective industries and to meet changing customers’ demands. Manufacturers must remain flexible and adaptable in their production methods to allow adjustments to their supply chain. Manufacturers can adopt many different production strategies, each with advantages and […]
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Electronic Data Interchange: Definition, Process, and Benefits
The use of technology is rapidly increasing in many industry sectors worldwide, including logistics. Technologies such as cloud computing and IoT devices have enabled logistics companies to access real-time data and improve the coordination of their operations. One key improvement area is how Electronic Data Interchange (EDI) is used in logistics operations. This technology has […]
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Order Picking: Definition, Methods, and Advantages
Order picking is the process of products being retrieved from warehouse inventory to fulfill orders by customers. This article will describe order picking, how it works, and ways order picking processes can improve supply chain and business results. What is Order Picking? Order picking, or the warehouse picking process, refers to selecting items from a […]
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Logistics Optimization: Importance, Process, and Optimization
Supply chain management refers to all the steps necessary to ensure goods reach their destinations. Consumer expectations have increased steadily, requiring companies to operate supply chains as effectively as possible to meet the demands of commerce. Logistics optimization is a strategy that companies implement to meet the growing demand for fast and efficient supply chain […]
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Near Sourcing: Definition, Benefits, and Drawbacks
Near sourcing is a business strategy that has become increasingly popular in recent years. It involves shifting production and services closer to the point of sale or consumption rather than relying on global supply chains. It can offer numerous advantages such as reduced shipping costs, faster delivery times, and improved environmental sustainability; however, there are […]
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Supply Chain vs. Logistics: Definitions, Similarities, and Differences
As companies continue to grow, it is important to understand the differences between supply chain and logistics. Although related, the two have distinct attributes that can substantially influence how businesses manage their activities. This article explores supply chain vs. logistics – what they mean, how they differ from each other, and the integration opportunities. The […]
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9 Types of Air Cargo: A Guide To Transporting Goods by Plane
The ability to transport goods quickly, securely, and cost-effectively is crucial for many businesses. Air cargo offers a fast, reliable way of moving products around the world. It represents 35% of global trade by value to the tune of $6.8 trillion annually. This guide provides a comprehensive overview of the different types of air cargo, […]
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