Remove Course Remove Demo Remove How To Remove Outsourcing
article thumbnail

What Are Reorder Points and How to Calculate Them

Ship Monk

This article will explain what reorder points are and show you how to calculate them. How to Calculate a Reorder Point. How to Calculate Demand During Lead Time. Average lead time is 30 days, including manufacturing and shipping, and over the course of a year you sell an average of 29 units per day. daily units x 30 avg.

How To 52
article thumbnail

What is a Logistics Service Provider?

Ship Monk

A logistics service provider takes over all those processes (an action otherwise known as “outsourcing”) to hopefully make your life a whole lot easier. You can technically go all the way up to a 5PL —it’s all a matter of what services you’re looking for and how comprehensive you want your outsourcing solution to be. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lessons Learned from Black Friday/Cyber Monday

Ship Monk

Could outsourcing to a third party logistics (3PL) provider help? Once you’ve analyzed this year’s sales numbers, you may want to learn more about operations KPIs , demo our industry-leading software platform, learn how to set accurate reorder points , optimize your supply chain , or elevate your customer experience with custom packaging.

article thumbnail

Out for Delivery: How To Guarantee Timely Retail Deliveries

Locus

Out for Delivery – How to Adhere to timelines? Now with an outsourced fleet, retailers cannot track the performance of these carriers and have to rely on whatever the third party tells them and of course time of delivery.

How To 52
article thumbnail

Essential KPIs for Ecom Operations Domination in 2023

Ship Monk

This, of course, means that streamlining those warehousing and fulfillment operations can drive profitability. Whether you manage your own fulfillment warehouse or outsource ecommerce order fulfillment and logistics to a 3PL , there is always room for improvement. But how do you identify what is going well and what needs improving?

article thumbnail

The 411 on Floor-Loaded Shipping vs. Palletized Shipping

Ship Monk

So let’s talk floor-loaded and palletized shipping, their pros and cons, and how to choose between the two! But of course, because of the added materials, palletized shipping tends to be pricier than floor-loaded shipping. What Is Floor-Loaded Shipping? Have you ever played Tetris?

article thumbnail

6 Best Practices for Third-Party Logistics Companies to Differentiate From Competitors

Turvo

Let’s talk further about how 3PLs can create a more proactive and responsive approach to their shipper customers. Third-Party Logistics Companies Must Collaborate With Their Networks to Add Value Supply chains are continuously re-evaluating their processes and how to add value to their customers.