Industry Terms

Today’s buzzword is Decoupling inventory. It is widely used as a backup mechanism by manufacturing industries. Businesses quite often face the challenge of inadequate supply of raw materials and breakdowns at some point in the production process. This can derail the entire production cycle. We are going to have a look at how it can […]

The flow of content: Understanding Dropshipping Business Model Dropshipping and Order Management Why You Should Start Dropshipping: Benefits And Opportunities Explained How To Get Started The Problems Every Dropshipper Faces And How To Handle Them Marketing Your Business: Dos And Don’ts In a Nutshell Summing Up If you are a budding entrepreneur in 2020, dropshipping […]

Outdated inventory aged beyond the expiry date and not in a sellable condition.

An economic term used to define the need for a particular product or raw materials

What is Demand Planning Software? The software which forecasts the demand for a product or service so it can be produced and delivered more efficiently to fulfill customer demand. This software is mostly used to plan the supply chain management. Demand Planning software combines all the past sales data, important business information, and statistical analysis […]

Reduce the amount of stock currently held

Direct Shipping, as the name suggests, is a method of delivering the goods directly from the supplier to the customer. As said, whenever a product is shipped directly, the seller only passes the delivery information to the supplier, and the rest is then managed by the supplier. Practically, the cargo & shipment will go right […]

Definition Distributed inventory is a concept where inventory which needs to be sent to retailers is divided into multiple shipments. These shipments are sent separately to fulfill the requirement of the retailer. Dividing inventory into many shipments allows goods to reach all places where inventory needs to be sent. Spreading inventory across different fulfillment centers […]

Warehouses with inventory and other physical distribution facilities within the SCM to send goods to other locations or customers

The systematic process of determining the inventory required at multiple facilities based on the anticipated demand of the products is called distribution requirement planning. This planning makes it possible to make delivery of goods at multiple locations efficiently with proper planning.