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Importance of Social Proof in Ecommerce

Ship Monk

Did you know that 93% of consumers say that online reviews influence their purchase decisions? 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.

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6 Inventory Control Techniques for Stock Optimization

EazyStock

Firstly, let’s get a few definitions: What is inventory control? For example, you should consider setting different service levels, safety stock levels and reordering parameters for each category. You can only optimize stock levels when you have informed inventory purchasing practices. Schedule a Demo.

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How to Calculate and Apply ABC Classification of Inventory

EazyStock

But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition. We’re going to use Frank’s Fasteners business as the example: 1. The best way to start is to adapt your purchasing and inventory policies to each group from the ABC classification.

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

Locus

Take last-mile deliveries for example. But today, nothing can be more heartbreaking to a customer than a business breaking its delivery promise on their prized purchases. Consistently failIng to do so means definitely losing their confidence, which reduces your revenue, and a decline in profitability. Try a demo with Locus now!

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How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. For more information on EazyStock or to book a demo , click here.

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How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. ABC Classification Calculation Example. We’re going to use Frank’s Fasteners business as the example: 1. For more information on EazyStock or to book a demo , click here.

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7 Ways Retailers Can Reduce Delivery Costs

Locus

Instead of every order piling onto the delivery system, customers become willing participants in the logistics chain, picking up their purchases at their convenience. Take XYZ Retail for example, juggling 100 diverse orders ranging from on-demand to next-day deliveries. Read Also: The Definitive Guide to Logistics Route Optimization 4.