At Interlake Mecalux our goal is to assist you with the three key factors in logistics operations: inventory control, order management & organization of human resources to reach your objectives.
Weighted average cost (WAC) is an inventory valuation system used to achieve the average value of warehouse inventory. The WAC method links the acquisition or manufacturing costs of certain goods or merchandise with the remaining quantity to obtain an average price.
The chief operating officer (COO) oversees business operations, ensuring a company’s financial stability and growth. Although their duties may vary, they hold a strategic position within the organization and typically report to the CEO.
The fishbone diagram — aka the cause-and-effect or Ishikawa diagram — is used to detect and visualize the origins of a problem. It can help solve incidents that affect any critical aspect of a storage system, piece of handling equipment, or logistics process.
A retrofit allows companies to update the components that make up their facilities to adapt to new needs. It’s an opportunity to modernize a warehouse that, for various reasons or simply due to the passage of time, no longer meets its customers’ demands.
A spaghetti chart is a drawing used to represent or map manufacturing or distribution processes. It is made up of a series of lines that reproduce the movement of people, products in the manufacturing process, or finished goods.
Data science in the supply chain aims to create a more efficient business ecosystem. It uses data from warehouse management systems, vehicle tracking, and geolocation, analyzing this information to help businesses make more informed decisions.
Volumetric weight determines how much space packages of goods occupy and is widely used in transportation and logistics. Courier companies calculate the volumetric weight to obtain a realistic estimate of the cost of shipping a particular order.
Warehouse order picking can be performed manually, where associates travel through the warehouse to locate required products. Alternatively, companies can automate the process to streamline item picking and packing.
Logistics and supply chains are constantly evolving, driven by emerging trends in inventory management. These cutting-edge technologies are designed to transform how goods and materials are tracked and controlled.
Supply chain managers face numerous logistics challenges in managing the storage and shipment of goods. These hurdles, ranging from disruptions to the implementation of new technologies and work organization methods, mark the entire logistics process.
The genchi genbutsu principle contends that to fix a problem, you have to go where it’s occurring to verify its root cause and actual conditions on-site.
Jidoka is a lean manufacturing approach that prioritizes quality control in every step of the production process. It is based on stopping the production lines when an error is detected to avoid making defective or sub-standard products.
Make to stock (MTS) is a production method based on manufacturing products in line with demand forecasts. It involves initiating production in advance and independently of customer orders. To be successful, it requires accurate forecasting.
Supercapacitors are systems with a capacitance up to a thousand times greater than that of electrolytic capacitors. They store energy and are increasingly used in industrial and logistics sectors.
Cyber physical systems are mechanisms created by integrating computation with physical components. They can replicate, automate, and control physical elements in a digital environment, merging computing, control, and network functions.
IBC totes are a safe, efficient solution for storing and handling liquids and bulk materials. See how IBC totes streamline logistics operations, improve productivity, and lower costs in warehouses and manufacturing centers.
LIFO (last in, first out) is an inventory management method in which the last item stored is the first to be retrieved. It prioritizes the most recently purchased or manufactured batches and reduces the distance goods need to travel.
The traveling salesman problem looks for the most efficient route to visit a series of locations once in the shortest time possible. Companies use algorithms for the traveling salesman problem to manage routes and optimize delivery services.
Route planning involves calculating the route that a vehicle must travel to make specific stops. It’s a crucial strategy for companies engaged in the distribution of goods and last-mile delivery that aim to make safe, cost-effective deliveries.
A production plan is a guide for designing and creating a product or service. Preparing it helps make the process more efficient, as this strategy allocates the resources, time, and tasks needed to meet targets.
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