Consignment inventory is in the possession of the customer but still owned by the supplier. It means you will pay the supplier only when their goods are sold.
Cycle time is the time consumed to get and order from order entry to the shipping dock.
The technique of transporting inventory which are grouped into small batches at one go is known as batch picking.
It is a process for determining the quantity of machine and manual labor resources necessary to assemble a production.
Bonded warehouse is a dedicated portion of a facility where imported goods are stored before the customs duties or taxes are being paid.
Reverse Logistics is the collection of all processes that come into play for goods that move in the reverse directions which means transportation of goods customer to the business.
Although I love what I do, I feel that I'm ready to take on more challenging assignments and unfortunately, my there's no room for me to grow there.
When any shipment that does not meet the customers decided terms and conditions, a financial penalty is charged against the supplier by customer. This charge is referred as charge back. For example, lack of proper packaging or labelling.
There are two ways you can generate Invoice using WTS technique
One way of creating an invoice is assigning it directly with the orders that you are working on
And the other way is to export the order to QuickBooks and create the invoice there.
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