5S: What does each “S” stand for? Each of these five things should be actioned in order to stand up a TPM strategy: Sort Determine which items are used frequently and which are not. The ones used frequently should be kept closeby, others should be stored further away. ...
1. What Does Awaiting Fulfillment Mean When you place an order online, the first status you might see is 'awaiting fulfillment.' This does not mean your order is on hold; rather, it has been acknowledged by the system but is pending processing. During this phase, several crucial steps are...
SKU Meaning: What Does SKU Mean? SKU stands for "stock keeping unit" and it's a unique code assigned internally to a product. SKUs are useful whether a company does warehousing, dropshipping, or both. It's helpful for product tracking as it moves through the inventory pipeline. SKUs enabl...
related item and selling the bundle at a price that’s less than what customers would pay for the items separately. This approach is also known as “kitting.” Like all tactics to offload dead stock, your profit margins will likely take a hit. To recover as much revenue as possible, it...
What does inventory turnover measure and tell me about my business? Inventory turnover tells you how well inventory is moving through your business. When a business knows how to measure inventory turns properly, it means there is good inventory management, which leads to greater profit over time...
What does fulfillment batching mean foraccuracy? Pickers work fast, so batched picking makes it possible to put an item in the wrong bin. If that happens, someone might get two baseball gloves, and another order might be short a glove. That makes your business look bad and fixing the erro...
What Does 3PL Mean? A 3PL provider handles your warehousing, picking and packing, transportation, and last mile delivery so you can focus on priorities. Utilizing a 3PL service both frees up your time and decreases the likelihood of in-house fulfillment errors. It’s a form of leverage that...
First of all, what does livestream mean? In short, live streaming is transmitting live video to an audience in real time over the internet. Livestream + online shopping = live streaming e-commerce opportunities for businesses. So, let’s discuss what this looks like in practice. If you’ve...
Q: What does ‘4PL’ mean? A: The term ‘4PL’ stands for ‘fourth-party logistics.’ 4PL provides are usually responsible for managing independent 3PL providers. A fourth-party logistics provider is sometimes also called a lead logistics provider (LLP) because they might specialize in di...
What does 3PL mean? A 3PL is short for third-party logistics, which refers to a business that provides logistics services such as warehousing, kitting, shipping, returns, inventory management, and receiving. Third-party logistics providers can help your ecommerce company improve customer satisfaction...