• Efex's Podcast

  • By: Efex
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Efex's Podcast By cover art

Efex's Podcast

By: Efex
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  • Summary

  • Efex provides the latest news and sheds light ón secrets about the warehouse, order fulfillment, and express in the cross border e commerce business website: https://efex.vn/
    Copyright 2023 Efex
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Episodes
  • Episode 17: 15 Warehouse Optimization Tips to make your work better

    Episode 17: 15 Warehouse Optimization Tips to make your work better
    May 26 2022
    What is Warehouse Optimization? Regardless of the size of your warehouse, warehouse optimization is critical to your company’s success. It’s about using the space, equipment, and resources available effectively to keep your warehouse working smoothly. Thereby reducing mistakes and improving flexibility, staff management, and increased customer satisfaction. To do that, you can apply a number of ways such as detailed and reasonable planning; work process automation. Understand product velocity Product velocity is defined as the rate at which that type of item is sold over a given period of time. In an inventory, there will be items that sell faster than others, whether during special sales or seasonal products. Therefore, such items should be prioritized to be placed somewhere that can be easily received and packed in the warehouse. You should put them on the shelves close to the parking area instead of on the upper shelves. This will save staff time when picking up items and speed up warehouse operations. https://blog.efex.asia/warehouse-optimization/
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    2 mins
  • Episode 16: 15 Vendor Management KPIs (Key Performance Indicators) You Should Know

    Episode 16: 15 Vendor Management KPIs (Key Performance Indicators) You Should Know
    May 26 2022
    The connections you make with your vendors may have a significant influence on your procurement function’s capacity to create value for your firm as well as your organization’s overall bottom line.  However, you cannot rely on every provider to execute their job on their own. You must keep track of the progress over time to ensure they are meeting their contractual responsibilities. Key performance indicators for vendor management will help you achieve that. You can set a rich, data-driven approach to supplier management that is associated with high value, low risk, and strategic sourcing by developing, monitoring, and adjusting vendor management KPIs. https://blog.efex.asia/vendor-management-kpi/
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    3 mins
  • Episode 16: 15 Useful Tips To Improve Inventory Management

    Episode 16: 15 Useful Tips To Improve Inventory Management
    May 26 2022
    Inventory management includes all procedures that affect your inventory, from ordering and receiving goods, to storage and use to order fulfillment. This effort requires a significant amount of data, such as your current inventory and sales volume. As a result of this data collection, inventory management has become an essential component of market demand forecasting. The more accurate and valuable this information is, the better the inventory management will be. Simply put, understanding your inventory and how to manage it will help your company meet the requirements of today while growing to meet tomorrow. Now, let’s look at five techniques that have been selected to help you capitalize on growth prospects. https://blog.efex.asia/improve-inventory-management/
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    2 mins
Management Economics
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