How to Implement Just-in-Time Inventory
By Frank Tilleli on January 17, 2022
By implementing just-in-time (JIT) inventory solutions for your business, you can gain a wide range of advantages. As a proven solution for optimizing your inventory system, JIT management allows you to source production materials seamlessly and deliver final output to clients efficiently. With the right plan in place, you can more effectively meet consumer demand long term and stay ahead of production needs.
Remittance Advice
By Frank Tilleli on December 29, 2021
Businesses know that keeping track of customer accounts is crucial to maintaining productive relationships with their clients. Not only does this help simplify the record-keeping of all transactions, but it also helps to ensure that all payments for goods and services have been received. Considered to be one of the best courtesy practices between suppliers and clients, remittance advice provides transparency and clarity for everyone involved. There are times that queries may arise regarding how much is owed versus how much was paid. These queries can be answered quickly and efficiently with the use of remittance advice documents.
10 Ways to Reduce Returns From Customers
By Frank Tilleli on December 29, 2021
In 2020, consumers returned approximately $428 billion in merchandise, equating to roughly 10.5% of all retail sales in the United States. Around $102 billion of these products were purchased online through e-commerce outlets. While it may appear that retail stores take the brunt of product returns, this is not the case. Though 5% to 10% of in-store purchases get returned by customers, online merchandise sees return rates of up to 40%. E-commerce return rates have even doubled between 2019 and 2020.
How to Improve and Strengthen Your Supply Chain
By Frank Tilleli on December 27, 2021
Supply chain management is one of the more complex parts of running a business, especially in a globalized landscape. It's made many supply chain managers realize they need to prepare for issues before they happen by strengthening the supply chain. You can improve your supply chain's efficiency, reliability, flexibility and other qualities to better weather the fluctuations of the industry and provide better results to customers and shareholders. So, what can you do to improve your supply chain and gain a competitive advantage?
