We all know that speed is a key part of supply chain efficiency. It may seem counterintuitive that a service with “postponement” in its name could increase speed and efficiency, but it can. We’re talking about inventory postponement and, in this article, we’ll explain what it is, what its benefits are, and how to find a provider that can handle it for your supply chain.
Weber Logistics’ CFO Maggie Movius has been busy. She’s navigated a worldwide pandemic, a partnership between Weber and Stellex Capital Management, and a doubling of Weber’s warehousing footprint in California – all within the past two years. In this article, we interview Maggie to discuss these topics, as well as the company’s ability to continue its growth in the face of marketplace challenges.
It wasn’t that long ago that simply having a sophisticated warehouse management system (WMS) was a major selling point for third-party logistics (3PL) providers. Over time, however, this technology has become commonplace, with just about all 3PLs having their own WMS bells and whistles to advertise.
But, while having a full-featured WMS may no longer be a differentiator for 3PLs, the way a 3PL uses the system certainly can be.
With any good relationship’s foundation you will find trust. We constantly hear it. Just trust me. Without any backing or reasoning, just TRUST ME. Now if referencing dinner, okay… I trust you, but let’s raise the stakes… your life? your children’s lives? Not so easy now. Well for many their company is their life or their child. You can’t expect someone to trust you with their company’s livelihood just because you say so.
In the past, annual inventories were executed at the end of the year based on an organizations accounting year. While that was a method to get a good annual inventory count, it had its challenges with the following:
As the final holiday push for many companies sends merchandise out of the warehouse and to retailers’ shelves, inventories become minimal and can leave many paying for empty warehouse space. Third party logistics providers are a great option for companies who have fluctuation in their inventories. To save costs, you need someone who can handle these fluctuations with an appropriate structure.
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