Understanding what creates cost in your business. The most important influence on cost in your business are time and equipment utilization.
Having the ability to collect cost information about your business. This information comes primarily from the internal performance measurement process you set up.
Having a costing model
Currently, the market is experiencing tremendous growth in Ecommerce sales, which bring tons of opportunities as well as challenges. Warehouses have to handle unique characteristics of customer orders in the era of E Commerce which consists of small order scales. Warehouses are adopting wave picking as an effective policy composed of item batching, loading assignment and picker routing problems.
The exchange of information is a key condition for supply chain collaboration which will lead to supply chain resiliency. However, the rules of collaboration are currently being rewritten with the emergence of the digital economy.
Information and communications technology ICT play a major role in the planning and management in supply chain. There is a myriad of software applications that, roughly, provide supply chain managers with support for three functions: