Why You Should Outsource Supply Chain Management

outsourcing supply chain management

You have an e-commerce business and you’re expecting the business to grow. The key to success in this stage is a combination of supply chain optimization and effective supply chain management (SCM). You can achieve both when you outsource supply chain management to a 3PL. This article explains the risks … Read More

10 Ways To Make Your Shipping Rates More Cost-Effective And Efficient

Calculating shipping costs

If you ship freight in 2021, then you know that shipping rates are out of control. Why? In short, Covid-related shipping delays, extremely high inbound freight volumes, and logistical complications both inside and outside the nation’s ports have caused an unprecedented capacity shortage.  These factors place the power to negotiate … Read More

The Rise of Blockchain Technology in Supply Chain

blockchain in supply chain

The buzz around blockchain makes it sound like a cure-all for the embattled supply chain industry, but supply chain experts have their doubts. In this article we discuss the rise of cryptocurrency, and evaluate blockchain technology in the supply chain. Understanding Blockchain Technology If you listen to its advocates in … Read More

How Have Supply Chain Logistics Evolved In Just One Year

Two men with masks optimizing their supply chain logistics

The Coronavirus (COVID-19) upended the global supply chain logistics, leaving supply chain managers to pick up the scattered pieces of their logistics operation. A year later the dust of the pandemic has settled, but many organizations are still struggling to absorb the shock of last year’s disruption. This guide to … Read More

How To Manage Inventory To Enable Business Agility

Woman looking at her inventory for business agility

If you manage a product-based business, then you likely see inventory investments as a necessary evil needed to satisfy customer service requirements, maximize revenue, and keep the lights on. Managing your business agility is one of the keys to success. When managed correctly, inventory is your greatest strategic and competitive asset. … Read More

What Should Modern Supply Chain Management Look Like

modern supply chain

2021 brings a new era for supply chain management, and a new way of doing things for businesses across the globe. This article has everything you need to navigate the post-pandemic logistics landscape, and keep your modern supply chain moving in the year to come.  Lessons learned from the COVID-19 … Read More

FIFO vs LIFO: Which is the Better Method

fifo vs lifo

Inventory represents the largest asset of any product-oriented business. That’s why inventory management is so important, because the way you value your inventory has profound effects on your taxes, income, logistics, and profitability. LIFO and FIFO are the most common methods of inventory valuation for product-oriented businesses. Though each has … Read More

How to Prepare for Chinese New Year 2021

Flowspace Chinese New Year 2021

The Chinese New Year (CNY) is often overlooked in the United States, but if your business relies on Chinese shipping and manufacturing, you need to prepare for the upcoming shutdown in China to avoid delays that could be catastrophic to your businesses. Fortunately, this article on the How to Prepare … Read More

Guide to Electronic Data Interchange (EDI): 2021

Electronic Data Interchange Guide by Flowspace

The retail sector has enjoyed the benefits of EDI for decades. Yet, many brands still use some form of a paper-based manual process for ordering, invoicing, and dispatching. This article has everything you need to upgrade your operation with Electronic Data Interchange (EDI) technology. What is Electronic Data Interchange Electronic … Read More