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Fulfillment services basically encompass all aspects of the process whereby a business's services and/or products are developed, manufactured and passed on to its customers.
In order to achieve optimum results, it's best that customers are able to access a company's services easily. Service provider companies are therefore constantly attempting to streamline their fulfillment services division's infrastructure, and, to this end, will usually put into practice the four major strategies that have been specifically developed to improve fulfillment services.
One of these four major strategies involves the automation of the production or manufacturing process, and operates on the basic understanding that the less work it takes to provide a service or to manufacture a product, the less it will cost and the greater the company's profit will be when the service or product is sold. Production automation is also known as production mechanization, which is literally when human input is taken out of the equation and product manufacture is taken over by smart machines.
The second of the four strategies is closely tied to the mechanization of the production process and aims at increasing the value of a company and the efficiency of the production process through the utilization of a company's assets. The formal name for this process is asset monetization, but this is just a fancy way of saying that it's good business sense to make sure that the assets a business purchases will increase that business's net worth.
Strategy number three stresses the importance of making information available as easily and as quickly as possible to both company employees and customers. Data transparency is an essential tool in a company's arsenal and can greatly speed up the process of providing customers with either services or products, which is, after all, the basic objective of fulfillment services.
The fourth strategy designed to improve the fulfillment service process concerns the maintenance and use of inventory. This strategy is based both on the premise that it's best to determine what a company's inventory level should be by studying the customer demand history and on the understanding that it would severely undermine a company's liquidity should it invest in too much inventory.
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