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Benefits of an Integrated Shipment Tracker

improvements along all aspects of business, its almost unbelievable to think shipment tracking has barely changed over the last decade. In a large amount of companies, the shipment tracking system is mostly, if not completely, detached from the order management system. This leads to tiresome and tedious data entry tasks, which along with not adding anything to the company, have a high risk of causing errors. A carrier gives a single number which is used periodically to check the [...]

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The Significance of Forecasting in a Supply Chain

What is Forecasting? Senior business man searching new opportunities for his company In a supply chain, forecasting is the prediction of what to expect in the short and long term for inventory, orders, production, etc. The most common forecast is MRP or Material Requirement Planning. This takes into account customer demand, and looks into supply details like Bill of Lading, and sourcing info to give valuable information on inventory and how best to fulfill orders. Due to the variable nature of [...]

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How to Reduce Risk in Your Supply Chain – Step 2 – Mitigating

(This post is follow on to our previous blog on Supply Chain Risk Identification . You can read about it here: https://goo.gl/VqAbpj) After you’ve identified all of the risk factors in your supply chain, the next step is to reduce it as much as possible. For obvious reasons, some risk factors are easier to manage than others. Some risk factors that you can manage are, but not limited to: INVENTORY RISKS: This is one of the easier risks to manage. Using a [...]

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How to Reduce Risk In Your Supply Chain – Step 1 – Identifying Risks

All business comes with a degree of risk, and that’s not going to change. No matter how streamlined and fail-proof you make every aspect of your business, things can and will always go wrong. This is especially true for a supply chain, where an error in one place can drastically impact everybody down and even before them. The key is to find and reduce your risk wherever possible. This can be done in many ways, but the first step [...]

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Digitizing Your Supply Chain

Although most aspects of daily work have shifted online, one major activity has stayed grounded in the 1980s: data entry. Even today, where almost everybody has a smartphone, computer, etc. the vast majority of data entry for things like orders and purchases are still done via pen and paper. While this may seem simple, there’s a lot of reasons to switch to a digital data entry system Paperwork. 1. Save Time While filling out a few forms may seem faster than a [...]

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