A private label is a product that is produced by a third-party manufacturer to be sold by a retailer under its own name. This means that retailers may place the order to the manufacturers, and sell the products to the consumers. Retailers can state the…

Businesses offer net payment terms to customers so that they can defer the payments till the set deadline. These terms moderate how long a customer can take to make the payment. In most cases, any delay after the deadline can result in penalties. All these…

Inventory procurement cost is a set of all the costs that a company incurs in acquiring inventory. Procurement cost can serve as an effective KPI to measure the cost-effectiveness of the business. Before learning about the different types of inventory procurement costs, it is essential…

FTL (Full Truck Load) is a type of shipping mode in which the transporting goods occupy the entire truck (semi-trailer or a larger one). In FTL, one truck carries a dedicated consignment for one buyer. FTL is a safe and secure mode of shipping goods…