Inventory Optimization: Taking the Right Decisions with Automation

With the ongoing pandemic and associated challenges, owners of logistic businesses are often confused about logistic details like vehicle rental, logistics details, or how much to store in their inventory. This would have been easier to answer if the pandemic did not happen to all of us.

Choosing the right Vehicle Rental Companies in Uganda has become all the more important in these times. We have out together a few tips and tricks related to the same to help our clients.


This blog covers more about how much inventory is sufficient to ensure that the supply chain is working fine. It would be good to consider that logistics companies in Somalia have their inventory performance optimized through automation.

Safety first

The safety of inventory management should be your primary concern. Especially during the pandemic, panic buying has become more common among customers, adding more strain to your inventory. After couple of years of focus on just-in-time shipping and inventory minimization, only a few companies were ready to come out stronger out of the COVID-19 pandemic.

Know your Turnover Ratios

The other key aspects to consider when determining safety and Return on Investment is to understand your turnover ratios. To calculate the ratio, you need to take your annual costs of sold goods and divide it by the average value of inventory on hand. You can always refine the calculation later as well after more automation tasks.

If you are looking for logistic companies for transporting of goods, equipment shipments, etc., we can make your arrangements by sea, road or air. We are sure that you will find our offered services are just the things that you are looking for.  As an independent operator, we offer cost-effective solutions to all clients. For more information visit our website. https://fg-int.com

Location: Somalia

Comments

Post a Comment

Popular posts from this blog

Get Heavy Equipment Rental in Somalia From FGi Solutions

Image
In today’s time, the popularity of vehicle rental is increasing day by day. If you are affiliated with a construction company that does a huge volume, then you should opt for Heavy Equipment Rental in Somalia .   Presently, there are so many companies available that offer different types of equipment on rent. Some heavy equipment used by them are track hoes, excavators, industrial loaders, rollers, cranes, etc. But if you want to approach a leading company, then you can contact FGi Solutions.   We are a certified company that has expertise in numerous areas such as logistics operations, base operations, and supply chain services. From us, you can get the full range of fleet management solutions, maintenance services, and operations.   Being amongst top Vehicles RentalCompanies in Uganda , we give full support for camp operations which make sure working conditions and comfortable living for clients in self-contained camps. We closely work with local communities...
Read more

Hire A Reputed Logistic Company In Somalia To Get Flawless Services

Image
  Most of the corporate sectors these days are fully occupied with an array range of small and complex commercial activities. From invention arrangement to choose the brand operation leaves no time at all to emphasis on many activities that are so significant such as day-to-day logistics activities. Commercial setup can only endure when their goods and services are reaching the buyers and customers without any delay or damage at the right time and this is possible only with proper logistic services. Outsourcing work to any one of the leading Logistics Companies in Somalia can cut down the stress and burden of commerce to a great level, leaving the corporate with sufficient time to emphasize the numerous other crucial corporate responsibilities and activities. Lending jobs of storing and transporting goods to such service providers make certain cost and time supervision for commercial setup. At FGi Solutions, we have an enormous network of transporters, warehouse facilities, an...
Read more