awlusa

  Stockout or out-of-stock is a Sin for Businesses. What is stockout and how to prevent it? This blog will tell you everything that you need to know about Stockout like its reasons, consequences, strategies, and solutions. The percentage of products that are out-of-stock when consumers want to buy them is known as the Stockout Rate, simple! The simple formula to calculate Stockout Rate is the number of goods not in stock divided by the total number of items in stock. AWL India has done extensive research and found that the usual Stockout Rate around the world is over 8%, and it keeps on increasing. 8% may sound like a fraction to some people but in bulk order processing and the long-term, it certainly results in severe revenue loss for businesses. Key Takeaways Understand the reasons why Stockout happens. What are the consequences of Stockout? What does it costing to your business? How Covid-19 pandemic accelerated Stockout Rate throughout the world? How to prevent your inventory f...

  The final stretch of a supply chain's operations is known as last-mile delivery. The journey of a product from a warehouse to the doorstep of the final customer is also the most important step in the delivery process, and it should be well-managed for quick distribution. The last-mile delivery is the most expensive portion of the route from the transportation hub to the final destination, so resource optimization should be a top priority. Businesses are preparing this essential stage for a rapid and effective dispatch as customer demand grows. Whether it's a private residence or a retail business, the supply chain's end destination should be reached with breakneck speed for a flourishing business and to keep churning out more and more satisfied customers. In layman's terms, last-mile delivery involves six major phases: The orders are recorded digitally in our system. Then the order is delivered to the transportation hub. The order is then handed over to our delivery s...