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Full Kitting: Process, Benefits, and Types
Kitting is a beneficial process that brings together individual components for assembly. It’s an essential step in the manufacturing process where every component is gathered for assembly, saving time and money. Kitting processes take place before the assembly line, gathering the components that are used to make the complete product. However, kitting can mean different […]
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Consignment Inventory: Definition, Advantages, and Disadvantages
Talk to any retailer and they will tell you without a doubt that there is a certain amount of risk that results from purchasing traditional inventory. This is because when retailers stock their products, they usually hope that they will sell enough to get a profit before their stock expires. However, this will not always […]
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What is a Certificate of Compliance? Meaning, Requirements, Examples
A certificate of compliance is a document that certifies that a product or system meets the requirements of a safety regulation or standard. It is typically used in shipping and logistics to ensure that products are safe for transport and meet the destination country’s requirements. Certificate of compliance examples in logistics include documents such as […]
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What Is Intermodal Transportation? History, Benefits, Examples
Intermodal transportation is not as mysterious or complicated as the name would have it sound. It means transporting one set of goods in a steel container using two or more modes of transportation, such as rail and truck.
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Blanket Purchase Order: Definition, Benefits, and When to Use
A Blanket Purchase Order is a legally binding agreement between you, a buyer, and a supplier who has come to a long-term deal to deliver goods or services for a specified period. But what does that actually mean? What are the benefits of using this kind of agreement? And when is a good time to […]
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What is FOB Destination? Meaning, Terms, Who Pays?
If you’re in the shipping industry, you need to be familiar with the shipping term FOB destination and all it implies. You should be able to answer the question of what does FOB mean in shipping and convey the fob price meaning. FOB is an acronym that means “free on board,” so FOB destination means […]
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Materials Management: Definition, Process, Benefits
Materials management is an aspect of supply chain management and planning. The primary purpose of materials management is to ensure that manufacturers have all the raw materials they need to make goods. Materials management also focuses on ensuring that no components are wasted and optimizing inventory maintenance and management. While materials management requires understanding what […]
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