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Insights

INSIGHTS
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10 Best Practices for Optimizing Inventory Management in 2018

Most businesses have lots of areas to improve in, especially in their warehouses, but if you don't upgrade and streamline business operations sooner rather than later, the outlook for your business is not efficient.  Some of the effects of not streamlining operations results in bad habits, counterproductive practices, and a high cost of inventory.

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Quick Read: CSA Scores and What They Mean

CSA stands for Compliance, Safety, Accountability, and is an FMCSA initiative that was introduced to improve the overall safety of commercial motor vehicles.

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Best Practices For 3PL Warehousing Insurance Policies

Outsourcing has become a more common method for many businesses to store products and transport materials from suppliers and manufacturers to their end destination, and third-party logistics (3PL) companies have helped streamline the process. But what happens when your products become damaged, lost, or stolen? 

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Verst Logistics to Celebrate National Truck Driver Appreciation Week

Truck drivers keep America moving. Without the men and women drivers here at Verst Logistics, we would not be able to expand and grow our business.

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Quick Read: Inventory Management Tips

What Is Inventory Control & Why Is It Important?

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Factory Towns of the Future

 

Many present-day families than even before are depending on eCommerce tycoons like Amazon to pay the bills nowadays in America, just like other communities that revolve around the other industries such as the automobile and steel industry.

Why does it matter? 

The growth of eCommerce fuels the growth of newer technologies, especially with robotics that makes order fulfillment much more cost-effecient and more accurate. But just because everything is shifting towards automation does not mean that the number of jobs are going anywhere.

The surge in e-commerce has required the rapid build-out of a vast network of warehouses and delivery systems that include both robots and human workers. The robots didn't take jobs from people, because many of the jobs didn't exist before.

"We're not looking to do the same work with half the people," said Rick Zumpano, vice president for distribution at Boxed. "Since we're growing, we need everyone."

In the September 2017 issue of PPI titled "How eCommerce Creates Jobs and Reduces Income Inequality", Michael Mandel states that "we estimate that eCommerce jobs in fulfillment centers and eCommerce companies rose by 400,000 from December 2007 to June 2017, substantially exceeding the 140,000 decline of brick-and-mortar retail jobs. 

In this issue, Mandel continues to say, "based on a county-by-county analysis, we estimate that fulfillment center jobs pay 31% more than brick-and-mortar retail jobs in the same area."

Here's where it's happening:

  • Campbellsville, Kentucky has about 26,000 residents — and 20% of its working population works in eCommerce. That's largely due to two Amazon fulfillment centers.
  • Ottawa, Kansas, also a town of about 26,000 people, has 15% of its working population in eCommerce jobs thanks to a pair of big Walmart and American Eagle distribution centers in town.
  • Mount Vernon, Illinois, which has long been home to a Walgreens distribution center, has 9.5% of its working population in warehousing jobs.
  • And the list goes on with small towns from Texas to Florida to Pennsylvania.

The big picture

While several small towns have high concentrations of warehouse workers, the e-commerce jobs boom seems to be mainly concentrated in big, wealthy cities, says Joe Kane of the Brookings Institution.

  • The biggest jumps in absolute numbers of jobs since 2010 have occurred in New York City, Seattle, Los Angeles and Dallas — partly due to Amazon's hiring spree at its corporate hubs and partly due to the rise of last-mile distribution centers, which are smaller warehouses located closer to cities.

Don't expect the big rural warehouses to disappear anytime soon, Egan says. "Those are indispensable ... that's where a lot of the inventory sits, that's where fulfillment begins."

  • But CBRE predicts warehouses and distribution centers will add 452,000 workers by next year — and much of that growth will be closer to big cities, as companies invest more and more money in fast delivery.
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September 2018 Safety Quiz

Workplace safety starts with individuals being responsible, proactive and having keen awareness of the potential dangers in the work environment. Each month, we provide managers and supervisors a safety calendar and weekly quizzes to discuss with employees in their pre-shift exercises. This practice has allowed us to dramatically reduce the number of workplace injuries over the years. Please feel free to share this post with others. 

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Small Companies Face Big Fulfillment Challenges This Holiday Season

In our daily work, we talk to a lot of small and mid-sized companies about fulfillment. These days, it’s not unusual for the conversation to turn to Amazon. 

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Three (3) Quick Tips on Issue Resolution

Quality issues can arise at any time in the supply chain and production process. Catching quality issues as early as possible in the supply chain are critical because costs of unresolved supplier quality issues can be devastating if they are discovered after a product has been introduced to the market. Therefore, in order for the supply chain to manage quality-related costs and risks, it is crucial to identify quality issues as early as possible.

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September Maintenance Safety Topics

Increase your expertise in keeping your workers and facilities safe with our Facility Maintenance Safety Calendar. Whether you’re involved in overseeing facilities dealing with warehousing, packaging, or fulfillment , or all three, you’ll gain a deeper understanding of how to keep your equipment, workers, and warehouses running in top condition. By following this safety calendar, you will see the differences these topics make in your workers' safety levels and the number of workplace injuries will certainly decrease. 

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