03/11/2023 In the conventional approach to inventory management, retailers buy products from suppliers in advance and assume responsibility for unsold items. However, an alternative supply chain strategy transfers the burden of inventory costs from retailers to suppliers. This consignment inventory model involves the manufacturer, wholesaler, or supplier retaining ownership of [...]

17/10/2023 As the business landscape increasingly embraces e-commerce platforms, logistics has followed suit. The upward trajectory of global e-commerce sales shows no signs of slowing down, making the demand for efficient, cost-effective, and integrated warehousing solutions more critical than ever. Projections indicate that the global e-commerce market will exceed $5.55 [...]

20/09/2023 According to India’s MSME Ministry, about 6.33 crore or 66.3 million MSMEs are registered in the country as of 2021. Of these smaller businesses, the ones that do well are those that are able to find ways to efficiently manage their operations and grow, while lowering costs. Small businesses [...]