The bill of lading is a crucial document in shipping and logistics. It serves as a receipt of goods, a contract of carriage, and a document of title. Understanding its importance and the information it contains can help ensure a successful shipping process. Examine the significance of this shipping document and the reasons it is necessary for your business operations. What is a Bill of Lading? A Bill of Lading… Continue reading
A survey found that 98% of customers say the delivery experience is a key part of their brand loyalty. After all, fast deliveries usually equal happy customers. And with rapid advancements in technology, customers are propelled towards same-day and next-day delivery expectations. So, what stands in the way of rapid fulfillment and delivery? Disorganized warehouse layouts and inefficient picking are amongst the biggest culprits. Running a warehouse is all about… Continue reading
Inventory audits are essential for maintaining ideal stock levels, cutting carrying costs, and avoiding stock outs. Businesses can employ warehouse inventory audits, such as cycle counts and ABC analysis to enhance inventory control. Knowing the different types of warehouse inventory audits and how to incorporate them into your inventory management strategy is essential for improving operations. Why is it Important to Conduct a Warehouse Inventory Audit? Conducting a warehouse inventory… Continue reading
International trade facilitates the transfer of products and services between countries, each with its legal framework and taxation policies. Tariffs, taxes, and customs duties influence the cost and viability of international trade. However, if these issues are poorly understood, unexpected shipping costs and delays could arise for businesses. Make better choices by understanding the effects of taxes, tariffs, and customs duties on the world economy. What are Customs Duties? Customs… Continue reading
Amazon offers multiple fulfillment options for sellers, each with pros and cons. Fulfillment by Amazon (FBA) allows sellers to store their products in Amazon's fulfillment centers, while Fulfillment by Merchant (FBM) requires sellers to handle storage, packing, and shipping themselves. Some sellers also choose to use a combination of both to enhance their operations. Selecting the ideal fulfillment solution is essential to your Amazon business's success. Before choosing a fulfillment… Continue reading
Inventory management is key to running a successful business, yet many organizations struggle to maintain accurate stock levels and avoid unnecessary write-offs. Inventory discrepancies can lead to financial losses and impact overall profitability. It is important to know how to implement effective inventory management strategies to increase profits and avoid inventory write-offs. Following these tips can improve your inventory management processes and increase profitability. What Causes Inventory Write-offs in a… Continue reading
Regarding international shipping, there are certain terms and conditions to be aware of, which might affect the entire cost and responsibility for the package. Understanding the fundamental differences between DDP vs DDU will help you choose a better shipping carrier and get the information you need for your shipping requirements. How Does DDP Differ from DDU? The distinction between DDP (Delivered Duty Paid) and DDU (Delivered Duty Unpaid) is based… Continue reading
The Harmonized System (HS) and the Harmonized Tariff Schedule (HTS) are codes used to categorize goods for export. They assist in figuring out the sales taxes and levies that are applicable to imported or exported items. On the other hand, individuals unfamiliar with these codes may find it difficult to decode them. We will dissect the distinctions between HS and HTS codes, describe their applications, and offer advice for the… Continue reading
Running a business involves various tasks like managing inventory and shipping products. Fulfillment companies can handle these tasks, freeing up time for business owners. However, there are potential problems with using fulfillment companies that you should think about. Before deciding to use one, consider the pros and cons and how these fulfillment issues might affect your business. What are the Common Fulfillment Issues that You Need to Know? Comprehending typical… Continue reading
Ensuring a fast delivery when moving goods across borders requires completing and submitting various paperwork. You need to understand each document's purpose and how to fill it out properly for successful international shipments. Every document, including packing lists and commercial invoices, is essential to the shipping procedure. To guarantee your items arrive at their destination promptly and safely, make sure to review these essential international shipping documents. What are the… Continue reading
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