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Ecommerce Inventory Management: Challenges & Solutions

Logistics Bureau

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

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Inventory Optimisation: How Much Stock is Right for Your Company?

Logistics Bureau

Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”. Turnover Days and How to Calculate Them.

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How to Reduce Ecommerce Returns

Ship Monk

This is just an example of course, but it’s the perfect one to illustrate how impactful a review on a product page can be. As you merge further into this new year, definitely keep this advice in mind and optimize wherever and whatever you can so that your margins stay as healthy as possible.

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How to be an Eco-Friendly Ecommerce Brand

Ship Monk

Another survey found that 73% of global consumers would “definitely” or “probably” change their buying behavior to reduce environmental impact. If your brand is positively associated with eco-friendly partners and practices, this can definitely give you a competitive edge. We hope you do!

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How to Calculate Safety Stock: Three Different Calculations

EazyStock

If you carry too much inventory, you risk tying-up much needed working capital. Safety stock is defined as inventory that is carried to prevent stock-outs caused by fluctuating customer demand, forecast inaccuracies or variability in supplier lead times. In reality, of course, this rarely happens. Fixed safety stock levels.

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What Is a Pallet Jack? Definition, Types, and Uses Explained

Conger

How to use a pallet jack. How to Use a Pallet Jack. And here’s a simple pallet jack definition: A pallet jack (sometimes called a “pallet truck”) is the simplest type of forklift, consisting of a: Wheeled trolley. Handling basic inventory duties. We’ve given a basic definition of pallet jacks as being simple forklifts.

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How to Reduce 2-Day Shipping Costs

Ship Monk

Depending on the logistics level you utilize, the fulfillment fees you incur are the costs for processing, picking, packing, stocking, and shipping your inventory. Having multiple warehouse or fulfillment center locations allows you to split inventory—optimizing in terms of geography, order method ( FIFO vs. LIFO), and general organization.