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Free shipping is a marketing tactic used primarily by online vendors and mail-order catalogs as a sales strategy to attract customers. [1]
DIFOT ( delivery in full, on time) or OTIF ( on-time and in-full [delivery]) is a measurement of logistics or delivery performance within a supply chain. Usually expressed as a percentage, [1] it measures whether the supply chain was able to deliver: the expected product (reference and quality) in the quantity ordered by the customer.
Cost-plus pricing is a pricing strategy by which the selling price of a product is determined by adding a specific fixed percentage (a "markup") to the product's unit cost. Essentially, the markup percentage is a method of generating a particular desired rate of return. [1] [2] An alternative pricing method is value-based pricing.
Online retailing is big business these days, with the top 500 Internet retailers growing by an average of 18% in 2011. E-commerce currently makes up about 8% of all retail sales, and that number ...
The new company was re-branded Exel and the Americas headquarters was established in Westerville, Ohio, in 1992. By the year 2000, Exel had grown and expanded operations to include Canada, Latin America and South America. Its portfolio of services also grew to include transportation management, freight consolidation, contract packaging, contract manufacturing, demand planning and other supply ...
There are many variations of this problem, such as 2D packing, linear packing, packing by weight, packing by cost, and so on. The bin packing problem can also be seen as a special case of the cutting stock problem. When the number of bins is restricted to 1 and each item is characterized by both a volume and a value, the problem of maximizing the value of items that can fit in the bin is known ...
The cost breakdown analysis is a popular cost reduction strategy and a viable opportunity for businesses. [1] [2] [3] The price of a product or service is defined as cost plus profit, whereas cost can be broken down further into direct cost and indirect cost. [1] As a business has virtually no influence on indirect cost, a cost reduction ...
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Available-to-promise ( ATP) is a business function that provides a response to customer order inquiries, based on resource availability. [1] It generates available quantities of the requested product, and delivery due dates. Therefore, ATP supports order promising and fulfillment, aiming to manage demand and match it to production plans.
ABC analysis. In materials management, ABC analysis is an inventory categorisation technique. ABC analysis divides an inventory into three categories—"A items" with very tight control and accurate records, "B items" with less tightly controlled and good records, and "C items" with the simplest controls possible and minimal records.