Definitions

Warehousing

Warehousing is the storage of goods. In addition to the standard warehousing services, Ferber Warehousing also provides fulfillment and distribution services including the processing and shipment of goods. The warehouse process involves receiving inventory, storing it, and making it available for delivery. The warehouse process is rarely the core competency of a company, thus by using a 3rd party warehousing service, significant time and money can be saved. By outsourcing your warehousing services, your company can relieve itself of the time-consuming responsibility to focus on your key drivers (marketing, product development, etc.).

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Distribution

Distribution is the storage, processing, and shipment of goods. The distribution process involves receiving inventory, storing it, repackaging it into sellable boxes, and shipping the goods to customers. The distribution process is rarely the core competency of a company, thus using distribution outsourcing services can save significant time and money. By using distribution outsourcing services, the company can relieve itself of the time-consuming responsibility to focus on your key drivers (marketing, product development, etc.).

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Fulfillment

Fulfillment is the storage, processing, and shipment of goods by a third party. The fulfillment process involves receiving inventory, storing it, repackaging in into sellable boxes, and shipping the goods to customers. The fulfillment process is rarely the core competency of a company, thus using fulfillment outsourcing services can save significant time and money. By using fulfillment outsourcing services, the company can relieve itself of the time-consuming responsibility to focus on your key drivers (marketing, product development, etc.).

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EDI – Electronic Data Interchange

A specific technique used for the trading of various documents used in the course of fulfillment distribution. Types of document traded via EDI include:

  • PO – Purchase Order: Order placed for goods by a customer
  • ASN (856) – Advance Ship Notice: A document originating from the fulfillment house providing details on a shipment such as invoice #, total cartons, weight, pallet count, method of shipment, trucker bill of lading #, or tracking # in the event a small parcel carrier is used.
  • IN (810) – Invoice Transmittal: The actual invoice of record that the final customer will render payment from.
  • Remittance Advice: The detail on how a check or electronic fund transfer (EFT) is to be applied to the items found in accounts receivable ledger.

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Cost per Order Pricing


The practice of combining all service sub-component costs related to the execution of a service order into a single cost. Service sub-components incorporated in this practice include:

  • Labor required to retrieve and pack the order
  • Shipping carton
  • Pallets
  • Carton packing material
  • Carton label
  • Packing slip
  • Bill of lading.

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Automatic Rate Shopping

The process of locating the lowest cost shipping fee incorporating the following data:

  • Date due at destination (when no date is specified the following elements become the primary elements in this consideration).
  • Multiple carrier limitation, or preferred carriers as defined by the client.
  • Class of goods as defined by the National Motor Freight Carrier definition (NMFC).

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Custom on Demand Reports

Ferber Warehousing has a number of reports divided among the following major categories:

  • Customers
    • Customer Master Report
    • Customer Report by Selected SIC #
    • Duplicated Phone # Report; to identify duplicate customer records
  • Inventory
    • Daily Receipts & Adjustment Report
    • Selected Receipts & Adjustment Report
    • Manufacturers Cross Reference Report
    • Oversold Stock Report
    • Stock Forecast Report
    • Inventory Price list
    • Inventory Cost list
    • Stock Adjustments from Last Physical Inventory
    • Orders Pending by a Stock Number
    • Available Stock list by Manufacturer
  • Sales Analysis
    • Stock Sales Analysis by Cost Current vs Previous Year
    • Stock Sales Analysis by Manufacturer
    • History by Item Number list
    • Gross Profit for Selected Customer
    • Gross Profit by State
    • History by Customer
    • Sales by Salesman
    • Sales by Territory

In addition to the above menu driven reports, custom reports can be created using IBM Query 400, an available feature of our system.

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Module Building

The construction of items that will be a component of larger finished good.

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Kitting

Placing two or more items into a grouped item sold as a single item from the inventory file. Inventory files are updated upon the sale of the kitted item by deducting each of the sub-components in the kit and crediting the kitted item.

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Disposition Recording

The formal record created after a determination of what to do is made for an individual fulfillment item. This practice is associated with return goods management also known as reverse logistics. Some of the more common options are:

  • Repair the item
  • Replace the item
  • Give credit for the item
  • Return as is to the consignee
  • Scrap the item

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Automated Low Stock Alerts

A condition that exists when the on-hand quantity is at, or below, the reorder point.

In the more advanced settings, the following equation is used to determine if a low stock alert should be triggered:

Pending Order Quantity + Back Order + Reorder Point – On Order < 0

When the low stock alert is triggered, new items must be ordered immediately to insure uninterrupted services.

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Audit Trails

The complete movement from item inception to final disposition associated with an inventory item. Items recorded in this trail are:

  • Inbound receipts
  • Manual adjustments
  • Physical inventory replacement value
  • Distribution shipments
  • Return of goods for resale
  • Debit of goods as damaged or defective

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