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7 Ways Retailers Can Reduce Delivery Costs

Locus

But here’s the kicker for retailers: amidst all this chaos, they’ve got to keep their delivery costs lean without compromising on giving customers a smooth and enjoyable experience. This situation demands not just managing costs but also turning the returns process into a positive touchpoint with customers.

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7 Key Strategies To Keep Up With Changing Last-mile Customer Expectations

Locus

Take last-mile deliveries for example. Here are seven key strategies that they have used to make it happen. Consistently failIng to do so means definitely losing their confidence, which reduces your revenue, and a decline in profitability. Time to bring your strategies into action using a dispatch management platform!

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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. It wasn’t until your business took off and they kicked you out that you began incurring holding costs a.k.a. carrying costs, and needed to learn what those are. So what exactly is holding cost?

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6 Inventory Control Techniques for Stock Optimization

EazyStock

Firstly, let’s get a few definitions: What is inventory control? The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. Don’t forget to have a policy for reducing excess stock and removing obsolete items.

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Importance of Social Proof in Ecommerce

Ship Monk

And when we feel uncertain, humans tend to look for examples of what others in our situation have done. In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions. In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions.

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How to Improve Inventory Turnover with Inventory Optimization

EazyStock

This post will explain how, but first, let’s deal with a few simple definitions. Here are six inventory optimization strategies to improve inventory turnover without damaging stock availability: Know your inventory items’ position in their product life cycle. Cost to sell. Improve demand forecasting accuracy.

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What is a Logistics Service Provider?

Ship Monk

Not all of those examples are exactly illustrious, but they do (for the most part) prove that two heads really are better than one. Logistics Service Provider Definition. We’ll get into some examples of the different types of “PLs” later, so hang on to your hats! Behind every hero is a sidekick who helps guide them to success.