Effective Outbound and Inbound Inventory Strategies
If you are responsible for keeping a production line running, your stocking and replenishment strategy will be heavily influenced by the dependability, timeliness, and quality of the information you receive from suppliers. The same holds true in retail.
Many companies have implemented systems to manage their outbound-to-customer fulfillment, managing inbound-from-suppliers is more complex. This is because fulfillment occurs at the supplier’s location, and the supplier normally manages the carrier relationship – plus, there is no in-process status reporting.
Companies will deploy a multitude of inventory strategies, here are three ways to reduce costs and improve:
- Reduce cost through sourcing freight management services
- Control outbound and optimize loads and route planning and load tendering
- Save costs and time by controlling inbound
- Move closer to your customer with vendor managed inventory
Ask a supply chain professional at Wavepoint 3PL how you move toward optimal inventory management even in today’s disruptive environment.
Call us at 800.928.3101 and we’ll help you outline strategies to consider when looking for ways to reduce costs and improve service.
Fill out the form to download our brief, informative eBook, “Rethinking Inventory Strategies.”
Wavepoint 3PL Streamlines Inventory Challenges
Through our suite of transportation, warehousing, and logistics offerings, we touch virtually every point in the supply chain adding value by streamlining the complexities. We operate as an extension of your business, offering the flexibility that you need, and as our name suggests, Wavepoint is seamless, fluid, and moving into the future.