Ship Monk

JANUARY 27, 2021

Although it might be easy to pin these closures solely on the eCommerce piñata, there are other factors that contribute to a store’s decision to shut down, namely: Events outside of our control , such as the economic effects of a global pandemic The shift from a service to an experience-based economy A shrinking middle class Poor management.

eCommerce 84

eCommerce Picking Material Savings Production 84

Ship Monk

MARCH 14, 2023

If that’s you and you’re an ecommerce business owner, keep reading for eco-friendly packaging options your company could invest in this year to save money and help preserve the planet. Example: a bicycle is more eco-friendly than a sedan, but a sedan is more eco-friendly than a Hummer.

Material Savings 52

Material Savings eCommerce Packaging Ordering 52

Ship Monk

MARCH 14, 2023

If that’s you and you’re an ecommerce business owner, keep reading for eco-friendly packaging options your company could invest in this year to save money and help preserve the planet. Example: a bicycle is more eco-friendly than a sedan, but a sedan is more eco-friendly than a Hummer.

Material Savings 52

Material Savings eCommerce Packaging Ordering 52

Ship Monk

AUGUST 30, 2023

would put you in the middle 60% of ecommerce stores according to this benchmark. Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates. What is an Ecommerce Conversion Rate? Anywhere between 0.2%

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

Ship Monk

SEPTEMBER 29, 2022

eCommerce Peak Season Problems and Solutions. The surge in eCommerce purchases made during this period has the potential to lead to great profits for your brand and great experiences for your customers. But that’s only if companies address eCommerce peak season problems with skill and swiftness. 1) Supplier Issues.

eCommerce 52

eCommerce Purchasing Skills Inventory Reduction Cost Reduction 52

Ship Monk

FEBRUARY 18, 2021

It may sound simple enough, but deciding what to sell is one of the biggest — and most overlooked — steps in launching an eCommerce store. What Are Niches in eCommerce? In eCommerce terms, niches are product categories that are tied together by a common theme. How to Choose Your eCommerce Niche. Keep reading!

eCommerce 67

eCommerce How To Cost Reduction Course 67

Ship Monk

MARCH 11, 2021

Take a few deep breaths, and join us for a crash course on eCommerce metrics: what they are, why you need them, and how they can help you “ Stress Less, Grow More.” But First, What Are eCommerce Metrics? In other words, we’re examining eCommerce metrics, which are simply measurements of performance. Let’s continue!

Procurement Analytics 80

Procurement Analytics eCommerce Cost Reduction Inventory Reduction 80

Ship Monk

FEBRUARY 15, 2023

Supply chains are becoming more intricate, ecommerce orders are on the rise, and speedy shipping has never been more important. If you’ve been wanting to learn more about how automation positively impacts 3PLs, and the ecommerce businesses they’re committed to, this is the blog for you. But what kind of automation ?

Supply Chain Design Software 52

Supply Chain Design Software Optimization Software Supply Chain Software Logistics Network Optimization Software 52

Ship Monk

DECEMBER 1, 2022

While a hundred years ago you’d be lucky to get a package across the country in a few weeks, over the last twenty years the ecommerce industry has completely changed customer expectations. Ergo, ecommerce brands that don’t offer fast shipping options could be missing out on a lot of business. Sound simple?

eCommerce 52

eCommerce Purchasing Skills Eliminating Excel in Purchasing Price Reduction 52

Ship Monk

APRIL 19, 2024

In a recent blog post, we discussed the environmental cost of ecommerce and ways to offset it. So, for ecommerce owners who want to reduce their impact on the environment, eco-friendly packaging is a great place to start. Apparel, for example, doesn’t need cushioning but does need protection against rain or snow.

Packaging 82

Packaging Waste Reduction Material Savings Inventory Reduction 82

Ship Monk

APRIL 26, 2023

While a hundred years ago you’d be lucky to get a package across the country in a few weeks, over the last twenty years the ecommerce industry has completely changed customer expectations. Ergo, ecommerce brands that don’t offer fast shipping options could be missing out on a lot of business. Sound simple?

eCommerce 73

eCommerce Purchasing Skills Eliminating Excel in Purchasing Procurement Solutions 73

3PL Insights

AUGUST 22, 2018

Read on for more details of what you should do with your eCommerce business in preparation for the holidays. For example, maybe you are interested in creating a trickle campaign for Black Friday (of course, many companies do this). As eCommerce orders rise, it stands to reason that the amount of return orders will rise as well.

eCommerce 53

eCommerce Manufacturing Procurement Inventory Reduction Inventory 53

Ship Monk

NOVEMBER 11, 2021

Regardless of where you’re at in the eCommerce ecosystem, increasing your sales volume is always a priority. When it comes to eCommerce, it’s never a good idea to be solely reliant on a singular sales channel, no matter how awesome or user-friendly it is. Content comes in all shapes and sizes — blog posts (like this one!),

Tips 85

Tips eCommerce Inventory Reduction Expense Reduction 85

Logistics Bureau

JANUARY 30, 2023

A new year is underway, and what better way to begin our 2023 blog activity than with a summary of the freshest news from the supply chain and logistics theatre? But, of course, with so many cases in such a vastly populated nation, the risk of a new variant emerging to start the whole cycle over again cannot be underestimated.

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 92

Ship Monk

AUGUST 20, 2021

Regardless of the eCommerce model you fall under or how long you have been in the retail game, a little dash of tried-and-true insight never hurts, and a dash is what we’re here to deliver! Of course, it’s the hardest lessons that are always worth learning. Subscribe to our blog newsletter to get them delivered straight to your inbox!

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software eCommerce Manufacturing Procurement 97

Ship Monk

FEBRUARY 25, 2021

2020 was a monumental year for eCommerce, but not in the way any of us expected. eCommerce merchants and customers alike were faced with some pretty, dare we say, unprecedented challenges that, among other things, forced major changes in both the foundation of online retail and our perceptions of it. Empathize with Your Customer.

eCommerce 54

eCommerce Manufacturing Procurement Eliminating Excel in Purchasing Scenario Planning 54

Ship Monk

APRIL 7, 2021

Of course, there’s only one way to find out if crowdfunding is the secret ingredient missing from your eCommerce sauce of success, and that’s through reading this article. If you’ve been in the eCommerce game for long enough, you’ve likely already come across crowdfunding, even if indirectly. Take PopSockets, for example.

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eCommerce Supply Chain Planning Software Blog Scenario Planning 61

EazyStock

JANUARY 27, 2021

Focus on eCommerce. Hardware is one prime example; we don’t have drones delivering packages quite yet, but robots can be found within warehouses such as Amazon. Focus on eCommerce. But eCommerce is more than just having a website for shoppers to peruse – it includes speedy and reliable order fulfillment. Automation.

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Supply Chain Software Supply Chain Planning Software Inventory Reduction Supply Chains 96

Ship Monk

JANUARY 20, 2021

Is your eCommerce store ready to spread its wings? For example, if you have a subscription box company , working with a fulfilment partner that has ample experience with subscription boxes is a given. Of course, you may also come to find that, despite all of your due diligence, they are simply not the one for you! Smart move!

Tips 97

Tips 3PL Outsourcing Case Study 97

Logistics Bureau

MAY 31, 2021

Ecommerce competition was already fierce before the pandemic curbed consumer enthusiasm for in-store shopping, and now, it is even more so. For example: Compared to selling a product in-store, the cost to deliver that same item as a small parcel can be several times higher. For a large parcel, that difference can double.

Cost Reduction 117

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

Ship Monk

DECEMBER 30, 2020

It’s no secret that shipping is one of the most important aspects of eCommerce. Free shipping is pretty great, but it might not be the most viable option for some eCommerce business owners. For example, your shipping rate could be $5 for orders within 50 miles of your warehouse, $10 for 100 miles, and so on and so forth.

How To 64

How To Cost Reduction Purchasing Skills eCommerce 64

Ship Monk

MARCH 17, 2021

Hey, we all make mistakes — and not reading the rest of this blog would be another one, so hang tight! . Unfortunately, precision is pretty much a prerequisite in the realm of eCommerce and logistics, which means that concrete, tangible data will trump estimates every time. . Be Realistic. Set Clear Expectations. Follow Key Guidelines.

3PL 71

3PL eCommerce Logistics Network Optimization Software Scenario Planning 71

Ship Monk

MAY 5, 2022

We know that’s not an easy decision for any eCommerce business to make. For example, you might ship 50% of each SKU quantity, or a specific group of products. But that’s a topic for another blog post. So you’ve made the decision to break ties with your fulfillment provider and switch to a new 3PL.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction 3PL 52

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. Of course, it’s always possible to factor estimates of those costs into your product or service pricing, but then you can find yourself overpricing them. Are Your Profit Margins Declining?

Negotiating Skills 89

Negotiating Skills Purchasing Skills Cost Reduction Analysis 89

Logistics Bureau

JULY 25, 2022

As part of our ongoing commitment to keep our blog readers updated on what’s happening in the supply chain and logistics world, we’re launching a regular industry news roundup, which we’ll release periodically. The nature of ecommerce, too, means companies make greater use of available warehouse capacity.

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Supply Chain Design Software Supply Chain Design Supply Chains Scenario Planning 104

Logistics Bureau

APRIL 3, 2023

Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.

Outsourcing 87

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 87

Blue Grace Logistics

JULY 20, 2022

The rise in eCommerce and bottlenecks in the global supply chain are driving the need to solve these challenges. For example, you may think you need five people, but find out that you need ten. For example, if we are missing a step or the timeline has been pushed, communicate how and why the timeline was pushed.

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3PL Supply Chain Planning Software Document Scenario Planning 62

Ship Monk

APRIL 14, 2021

While there are many fine crowdfunding platforms to choose from, product-based businesses will likely want to focus on Kickstarter and Indiegogo, two companies that, aside from accommodating an impressive assortment of eCommerce ventures, have been dominating the crowdfunding game for over a decade. Why not sign up for our blog newsletter ?

eCommerce 60

eCommerce Sorting Video Course 60

GlobalTranz

FEBRUARY 25, 2021

For example, the reverse logistics process includes the management and the sale of surplus as well as returned equipment and machines from the hardware leasing business. The supply chain of reverse logistics poses some serious challenges, especially with the recent explosion of ecommerce.

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Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

EazyStock

DECEMBER 17, 2019

One notable example is Amazon, who uses AI to track customers’ purchasing habits and to use that information to make recommendations for other products. This is an obvious place for AI and machine learning on the eCommerce B2C end of the supply chain. For example, governments are opening access to export tools and guidance.

Supply Chain Software 81

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 81

Freightos

JULY 11, 2017

Ecommerce is one reason. For example, there are over 100,000 companies that sell over $100,000 worth of goods annually. Of course, new customers will always require some support, but machine learning for exception identification and management should keep efforts down. Small Business Importers Are A Growing Segment.

Purchasing Skills 61

Purchasing Skills Price Reduction Cost Reduction Manufacturing Procurement 61

Logistics Bureau

DECEMBER 4, 2023

The answer depends, of course, on your company’s objectives and, particularly, on your customer service promises. It’s a random approach in which, for example, a consignment of electric blenders might find a home in a storage location between bottles of shampoo on one side, and dog collars on the other.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

EazyStock

DECEMBER 13, 2020

Uncertainty is all but guaranteed in 2021 – the best course of action is to mitigate whatever risks you can. For example, did you take out a loan through the Paycheck Protection Program ? 2020 has proven time and again that we are not living in a perfect world. Improve Demand Forecasting.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Locus

FEBRUARY 7, 2022

Take the example of last year’s holiday season. All of these can help in identifying performance gaps or with course correction if needed. The post Why automation is the next step in your dispatch optimization journey appeared first on Locus Blog. Consumers also understood that each e-commerce provider has several competitors.

Optimization Software 52

Optimization Software Optimization Automation Logistics Network Optimization Software 52

GlobalTranz

APRIL 6, 2021

For example, many supply chain resiliency plans may have considered a health crisis in which organizations and key partners face lower-than-normal staffing levels. For example, hand sanitizer sales spiked 313% during one week in February 2020, according to reports from Nielsen. Embracing technology is part of that solution.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Software Supply Chains Manufacturing Procurement 75

Logistics Bureau

JANUARY 8, 2019

For example, a WMS is no longer ideal where pockets of automation exist in larger facilities that also retain a dependency on manual processes. Of all the factors currently shaping trends in supply chain and logistics, ecommerce continues to be one of the most influential. New Networks, New Tools, New Strategies.

Supply Chain Design Software 67

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 67

Logistics Bureau

NOVEMBER 4, 2019

In consumer ecommerce, it’s common for retailers to offer free shipping as standard, with lead times of three days or more, faster shipping at a small premium, with a delivery promise of two to three days, and next-day or even same-day deliveries available for customers who care more about speed than cost. The likelihood is that you did.

Purchasing Skills 48

Purchasing Skills Negotiating Skills Negotiate Pricing Freight 48