What is OTIF?
What is OTIF? OTIF, short for On-Time In-Full, is a supply chain management metric to measure how well a business can deliver orders to the agreed upon date, and...
Push-Pull Strategy in Supply Chain
What is the Push strategy in the Supply Chain? The Push strategy in supply chain management directs companies to determine the optimal time to manufacture and ship products based...
Role of a Warehouse in Pharmaceutical Industry
What is Pharmaceutical Warehouse? A pharmaceutical warehouse is a specialised facility designed to store, manage and distribute medications and vaccines safely. Temperature control and stringent handling protocols maintain product...
What is Carriage Outwards?
What is Carriage Outwards? The carriage outward meaning is stated as delivery expenses incurred while goods are transported to customers. Freight transportation costs (such as shipping fees, packaging and...
What is Carriage Inward?
What is Carriage Inwards? The freight transportation costs incurred by a purchaser to receive goods is called carriage inwards. It is the costs of air freight, road transport or...
What is Freight Shipping?
What is Freight? Freight refers to goods transported in bulk by air, surface, or sea to conduct trade. Cost associated with transporting goods through different systems like air freight...
