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Jeavons Eurotir are a leading logistics company in Birmingham offering a range of high value, fully tailored, cost-effective warehousing solutions. In this informative blog we’ll highlight three key areas where your logistics provider can support your business:

• The (often hidden) costs of poor inventory management
• A glossary of essential industry terms used in warehousing and logistics

The True Cost of Mismanaging Inventory

Inventory management incorporates a number of different processes and systems, and as such it can sometimes be hard to grasp exactly where inefficiencies lie. After speaking to countless SMEs there are three common issues that come up time and time again. The good news is that once they’ve been identified, fixing them isn’t actually that difficult.

• Data, tracking and visibility

Warehousing and storage in the UK is now data-driven. If you haven’t caught up, the industry now tracks everything in real time so you know exactly where your stock is just by logging in to an App on your smartphone or home PC. Your competitors can track every unit of inventory digitally, so if you aren’t doing the same with the help of logistics companies in Birmingham, you are helping to stack the odds in their favour. 24/7 visibility means reduced risk and happier customers.

2. Stock management

Overstocking and stockouts are two halves of the same problem. Purchase too much stock and you run the risk of spending more than you need to on warehousing and transportation costs. Purchase not enough inventory and you can frustrate customers and partners and increase unit costs. Integrated fulfilment & distribution from logistics providers such as Jeavons Eurotir allows for seamless warehouse and transportation that eliminates silos and ensures 100% accuracy from storage to delivery.

3. Cash flow disruption 

Poor inventory control often can tie up cash in stock that isn’t going anywhere. This cash could be better spent on business expansion. Inaccurate forecasting can also lead to an over ordering of seasonal / perishable stock, which may further reduce cash flow. Jeavons Eurotir understands that healthy cash flow begins with intelligent, data-driven inventory control. Their logistics and warehousing solutions are designed from the ground up to optimise storage, allowing you to free up capital and reduce unnecessary spending throughout your supply chain.

Here’s how Jeavons Eurotir Helps with your Inventory & Cashflow

• Dynamic Stock Management – Jeavons’ Advanced Warehouse Management Systems is capable of fully real-time inventory visibility, which allows you to keep track of the stock that you need, when you need it. No more tying up cash in overstocked inventory, or waiting until you’re out of stock before you reorder.

• Flexible Storage Solutions – Paying for warehouse storage in the UK that you don’t need is wasteful. Jeavons have access to flexible, scalable warehousing solutions that are tailored to meet your precise requirements. Only pay for the space you need and scale up when you actually need to.

• No more missing inventory – With accurate tracking processing and temperature controlled warehousing, your stock remains in tip top condition until it’s ready to be sent to market.

• Integrated transportation – Choose storage and distribution services from the same logistic provider. Jeavons help you to keep your supply chain as simple as possible in an effort to reduce costly delays and errors. Fewer surprises mean a more predictable cash flow.

Glossary of warehousing terms from logistics companies in Birmingham

These industry terms should help when you approach a logistics provider, or search online for services to compare and contrast:

• 3PL (Third-Party Logistics) –  A partner who deals with logistics operations on your behalf (for warehousing, transportation, and /or fulfilment).
• SKU (Stock Keeping Unit) – Identifying code for individual products / stock
• A flat platform used to stack and transport goods, often compatible with forklifts or pallet jacks.
• Pick & Pack – Selecting items from the warehouse (picking) and getting them ready for shipment (packing).
• Cross-Dock – Goods received are immediately shipped out
• WMS (Warehouse Management System) – Software platform to track and manage inventory.
• Lead Time – Time between placing the order and the goods being delivered.
• Last-Mile Delivery- A service that includes doorstep delivery
• Micro-Warehouse – A small, strategically situated warehouse that speeds up last-mile deliveries.

Jeavons Eurotir helps businesses like yours supercharge your supply chain. Get in touch to find out more about hybrid warehousing and industry-leading logistical solutions.