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Warehousing plays a critical role in the development of trade and commerce. It facilitates order fulfillment and makes faster product delivery possible, while also regulating the supply of goods, which serves to stabilize prices. The warehousing industry provides additional benefits in the secure supervision of goods, allowing companies to curtail risk of loss through fire, theft or damage. In recent years, the warehousing industry has evolved beyond the basic storage of goods. Changing global conditions has necessitated an evolution into logistics and distribution as well, which incorporates labeling, sorting, packaging, inventory control and tracking, and transport facilitation.
Successful Implementation Yields Supply Chain Value
For more than 25 years, Neovia has provided spare parts logistics for a world-renowned British automotive manufacturer. In the spirit of continuous improvement, the Neovia team implemented a new best-of-breed inventory planning solution to replace Neovia’s global, multi-echelon legacy system. By configuring the legacy system to optimize fill rate and inventory using Neovia’s proprietary configuration technology, the mature business… Read More
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