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Archive for the Logistics Category

Inventory Models – Costs, EOQ model

Inventory Models - Costs, EOQ model

Organizations spend lot of money in materials. Material cost represent 20 to 60 percent of the cost of production, even a small saving in material will reflect in profit. Need for inventory: Inventory is required for taking care of uncertainty in business, Ex raw material inventory required because of uncertainty of supply .i.e. .supplier is not prompt in supplying goods,

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Difference Between CIF and FOB

Difference Between CIF and FOB

Cost, Insurance and Freight (CIF) vs. Free On Board (FOB) Terms One of the fundamental decisions of international trade is how to structure the terms of sale between buyers and sellers. In the case of imports, Canadian and American companies can either allow their overseas suppliers to handle the shipping and insurance of goods or they can take these responsibilities

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5 Ways to Benefit from A Cross Dock Facility

5 Ways to Benefit from A Cross Dock Facility

Cross Dock facilities are gaining in popularity over recent years as the speed to market increases along with e-commerce and consumer expectations. Another reason behind the surge in cross dock services and requests could also be collaboration between transportation service providers and their clients. Rarely is it feasible to reduce costs and have one provider to do all functions themselves.

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Cross-Docking Distribution Center

Cross-Docking Distribution Center

Cross-docking favors the timely distribution of freight, a better synchronization with the demand and a more efficient use of transportation assets. The distribution center essentially acts as a high throughput sorting facility for several suppliers and customers. Cross-docking is particularly relevant to the retail sector (often within large retailers), but can also be applied to manufacturing and distribution. Its advantages

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