How to Calculate Canadian Import Duty and GST
Canada import duty and GST are calculated on the value for duty of the goods. Duty equals value for duty times the duty rate, and GST (or HST)…
ERP vs WMS vs TMS: What Each System Does
ERP vs WMS vs TMS is a question of scope. An ERP (enterprise resource planning) system runs the whole business record: finance, purchasing,…
Push vs Pull Supply Chain Strategy
In a push vs pull supply chain, the difference is what triggers movement. A push system produces and moves goods based on forecasts, so…
MAPE vs WAPE: Which Forecast Error Metric to Use
MAPE and WAPE both express forecast error as a percentage, but they weight errors differently. MAPE averages the percentage error of each item…
Make to Stock vs Make to Order Explained
Make to stock (MTS) builds products in advance based on forecasts and sells them from inventory. Make to order (MTO) starts production only…
3PL vs In-House Logistics: How to Decide
Choosing between a 3PL and in-house logistics means deciding whether to buy warehousing, transport and fulfilment capability from a…
Just-in-Time vs Just-in-Case Inventory
The choice between just in time vs just in case comes down to what you want to protect. Just-in-time (JIT) keeps inventory as low as possible…
FIFO vs LIFO vs FEFO: Inventory Rotation Methods
FIFO vs LIFO vs FEFO is about which stock leaves first, and the three methods answer that differently. FIFO (first in, first out) ships the…
VMI vs Consignment Inventory: Key Differences
The difference between vendor-managed inventory (VMI) and consignment inventory comes down to two separate questions: who decides when to…
Freight Density Calculator
Freight density is a shipment’s weight divided by the space it occupies. Carriers use it to price less-than-truckload freight, because a…