The terms warehousing and inventory management are types of logistics management systems with a few differences between both of them. Understanding these dissimilarities is essential for business owners as the type of system you use can have significant effect on the efficiency of the business operations.
Given here are some of the major differences between warehousing and inventory management:
Considering the ever changing scenario of international trade policies, working with a certified customs broker has become an essential part of import-export business. He is responsible for facilitating smooth movement of your consignment across international borders. A customs broker handles the complicated paperwork and formalities that are required to get the good cleared through the customs. On the whole, he will deal with all the unfinished details between the exporter, importer and the administrative authorities.
A lot of companies reach a point where the storage of goods creates an obstacle in their supply chain management. In such a situation, warehouse services can be a viable option for controlling inventory and carrying out the business operations smoothly. However, many small to medium companies do not have the immediate funds to invest in a warehouse facility. Outsourcing their storage services can provide them an efficient solution for logistics management.