Friday, November 16, 2018
It’s the phrase no warehouse manager wants to hear: “We’re losing a lot of money on storing/shipping our inventory”. While it may not be accurate to call these issues ‘unavoidable’, in many cases they tend to creep up without notice. Some of the biggest money sinks when it comes to inventory management and transport can Read the full article…
Friday, November 09, 2018
Inventory is the backbone of warehouses—after all, without inventory to store, there’s not much point in having a warehouse, is there? But the thing nobody warns you about is that inventory is expensive to keep around. Even above and beyond the value of the goods themselves, inventory management can bring with it a large number Read the full article…
Wednesday, October 10, 2018
No matter what your position in the hierarchy, one thing that remains true about warehouses is just how expensive they can be to operate. Staffing costs, inventory costs, building/utility costs…even compared to other small businesses, these financial burdens can start to pile up after a while. Worse yet, there always seem to be a number Read the full article…
Wednesday, August 15, 2018
Nearly every warehouse, no matter what size or what products you deal in, will have to manage freight costs at some point. And while most companies do a good job reviewing costs and tracking expenses when it comes to freight work, there’s always changes that can be made to the more ‘ineffable’ factors like labor, Read the full article…
Friday, July 20, 2018
Among all the costs and requirements that warehouses can encounter, order fulfillment is one of the most common—and can run out of control if not kept in check. Especially in these times of daily online shopping and constant demands for improved shipping times, it feels like a lot of the expense for shipping and fulfilling Read the full article…
Wednesday, March 07, 2018
Seems like everyone these days is trying to offer a deal on shipping, aren’t they? From Amazon’s promise of free two-day shipping on all Prime orders to the increasing number of ecommerce retailers offering reduced or bulk shipping rates, reduced shipping costs are a good way to retain customers and earn new ones, particularly for Read the full article…
Friday, October 27, 2017
As we enter the fourth quarter (and with it, the anticipated/dreaded holiday shopping season), a lot of warehouse managers like to take this time to review their current expenses and costs to see where they are. It’s a good time to do it, for a number of reasons – year-end performance reviews aren’t far out, Read the full article…
Friday, May 26, 2017
Inventory can be a funny thing. It’s the backbone of any retail business, whether business-to-business or customer-facing, and yet it can be one of the biggest drains on profit and income. Even with all of the problems that can arise from items being out-of-stock, maintaining items can bring with it a unique series of expenses Read the full article…
Friday, May 12, 2017
For the uninitiated, the term ‘storage strategy’ might seem a little obvious and unnecessary. After all, why are you spending so much time trying to optimize your storage, prioritize your deliveries, and rearrange your warehouse as needed unless you already had a strategy in place? You might be surprised to learn then that storage Read the full article…
Friday, July 15, 2016
When it comes to food storage, whether for long-term storage, distribution, or restaurant use, managing energy costs is crucial. Studies have shown that for facilities that specialize in cold storage for long periods of time, more than 60% of their operating budgets is taken up by utility costs alone. Whether you work in a restaurant, Read the full article… |