Ship Monk

JUNE 30, 2023

There seem to be about a million metrics to watch if you want to run a successful ecommerce business. You can track as many metrics as you want, but not every performance indicator qualifies as a KEY performance indicator (KPI) for your ecommerce business. Which ones are the most important? Well, that depends on your goals.

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. The growth of eCommerce in 2020 was phenomenal as more customers, B2B and B2C alike, shopped online due to the COVID-19 pandemic. Forrester projects that B2B eCommerce transactions will reach $1.8 A critical area of focus should be your eCommerce inventory management processes.

Inventory Reduction 52

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Ship Monk

JULY 26, 2023

Having a great product is key to ecommerce success, but so is making sure it gets to customers safely. However, while shipping companies will vary in terms of their policies, with ShipMonk, ecommerce clients don’t have to stress about keeping their packages safe because we have MonkProtect.

eCommerce 52

eCommerce Tips Supply Chain Planning Software Eliminating Excel in Purchasing 52

CH Robinson Logistics

FEBRUARY 4, 2021

The boom in ecommerce poses novel challenges to the logistics industry. Logistics is a critical part of ecommerce operations – Many e-tailers want a certain degree of control over logistics as it is a vital part of their business. Online shoppers expect convenience, flexibility, and a high-quality shopping experience. or Black Friday.

eCommerce 115

eCommerce Logistics Network Optimization Software Modeling Software Supply Chain Software 115

Ship Monk

SEPTEMBER 14, 2023

This multichannel shopping habit makes it difficult to reach consumers, particularly if your ecommerce business is currently taking a single-channel approach to marketing and sales. Today’s ecommerce brands have a myriad of choices to consider when selling their products. What is a Sales Channel? Lots of fees.

Inventory Reduction 64

Inventory Reduction Price Reduction Cost Reduction eCommerce 64

GoShip Blog

JULY 28, 2022

A returns management solution helps you handle the returned items effectively to satisfy your ecommerce customers without hurting your profit margin. . Why managing returns is important for ecommerce. Returns management, also known as reverse logistics, refers to how a business manages returned items.

Procurement Solutions 52

Procurement Solutions eCommerce Cost Reduction Vendor Strategies 52

Ship Monk

JUNE 14, 2023

There are a lot of moving parts to managing an ecommerce supply chain. An ecommerce store owner is expected to master everything from sourcing materials to manufacturing and procurement, to fulfillment and shipping orders to customers. Today we’re going to take a look at a typical ecommerce supply chain from beginning to end.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Ship Monk

NOVEMBER 21, 2022

You’ve done the hard work of building your startup into a successful ecommerce business. The last thing you want is to run out of your bestsellers, but how do you know when to order more? The good news is that there’s an easy formula ecommerce businesses can use to calculate the optimum reorder point for each SKU in your product line.

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52

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

JANUARY 20, 2023

Welcome back to the ultimate guide for enhancing your ecommerce knowledge! In PART 2 of our epic ecommerce terms guide and glossary, we’re here for you—the ecommerce merchants and entrepreneurial warriors of the world—to explain key terms relating to ecommerce, logistics, fulfillment, inventory, and more.

eCommerce 52

eCommerce Inventory Reduction Material Savings Manufacturing Procurement 52

Ship Monk

FEBRUARY 16, 2023

In the ecommerce industry it’s a feeding frenzy out there—DTC and B2B retailers doing everything they can to get shoppers’ attention. Colossal companies like Amazon created this “new normal” in the ecommerce industry, and all merchants have been forced to follow or get left out in the cold. That’s a problem for ecommerce brands.

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

Ship Monk

JANUARY 30, 2023

If you’ve read PART 1 of our Ultimate Ecommerce Merchant Guide then you are halfway through absorbing the best lessons any entrepreneur can learn from the previous peak season, and are primed with the right knowledge to restructure for a stronger 2023. Welcome to the ecommerce party! And if you haven’t read PART 1, no worries.

eCommerce 52

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Ship Monk

JANUARY 27, 2023

While “going with it” is an acceptable strategy for some areas of the holidays; it’s not a strong plan for ecommerce brands during peak season. Get Faster Shipping Options Peak season is when ecommerce brands of all sizes across all verticals feel the most pressure to deliver on the delivery front. Reduce Cart Abandonment 2.)

eCommerce 52

eCommerce Inventory Reduction Purchasing Skills Material Savings 52

Ship Monk

JUNE 8, 2022

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. Most of these methods rely on past sales data, future forecasting, or a combination of the two to help inventory managers predict how much inventory they’ll need. Let’s say your eCommerce business makes cotton baby blankets.

Inventory Reduction 52

Inventory Reduction Inventory eCommerce Ordering 52

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online. All eCommerce brands may encounter minimum order quantities when ordering raw materials.

Purchasing Skills 86

Purchasing Skills eCommerce Ordering Negotiating Skills 86

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. In addition to optimized warehouses, skilled employees, and incorporation of the right integrations , today automation is a huge part of how 3PLs serve brands to the best of their ability.

Supply Chain Design Software 52

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Logistics Bureau

OCTOBER 11, 2021

Is your ecommerce business one of those that’s been growing steadily in recent years, and seen an absolute boom since the COVID-19 pandemic emerged? If so, your enterprise’s good fortunes are probably tempered by the challenges of meeting unprecedented demand for your wares. Is your enterprise a pure-play ecommerce retailer?

eCommerce 62

eCommerce Supply Chain Planning Software Negotiating Skills Material Savings 62

Ship Monk

APRIL 28, 2021

Starting an eCommerce business is certainly no small feat, and it takes a special kind of tenacity and follow-through to find long-lasting success in such a competitive — but exciting! In other words, don’t mistake volume for difficulty — do a little digging and you’ll often find needs to meet and problems to solve. Embrace Change.

eCommerce 53

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GoShip Blog

JANUARY 4, 2023

This article discusses how to automate shipping and label printing to eliminate repetitiveness in fulfillment processes and boost operational efficiency. For example, entering incorrect information on labels can lead to shipping delays that will take a lot of time and resources to rectify. How to Automate Shipping? .

Logistics Network Optimization Software 52

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GoShip Blog

JANUARY 11, 2023

Learning how to work through labor shortages keeps your business competitive and your customers satisfied. . For example, international port delays due to insufficient dockworkers will have a trickle-down effect on the order fulfillment processes of many businesses before the products even reach their destination countries.

Supply Chain Planning Software 52

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Ship Monk

JANUARY 5, 2024

The holiday season is never short on smiles, especially if you’re an ecommerce business that delivers on all fronts. As you plan for a more productive, profitable, and all around positive new year, ShipMonk wants to share some advice on how to recover from peak season order issues and prevent them from happening again.

Ordering 79

Ordering Procurement Solutions Supply Chain Planning Software Supply Chain Design Software 79

GoShip Blog

FEBRUARY 2, 2023

Standing out from the crowd among millions of ecommerce businesses in the US requires you to connect with your audience on an emotional level. They are beliefs that communicate what your company prioritizes in its operations and how it achieves its mission statement. The ecommerce industry is more competitive than it has ever been.

Sourcing Strategies 52

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Ship Monk

JULY 28, 2022

Any eCommerce business that manufactures goods has three different types of inventory at any given time: Raw Materials Inventory , Work in Process Inventory , and Finished Goods Inventory. This article will show you the difference between these types of inventory and how to calculate Work in Process inventory. to make the hats.

Inventory 64

Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

Ship Monk

OCTOBER 17, 2023

Managing inventory is a pivotal part of peak season for every ecommerce store, regardless of size or industry. Overestimate the inventory needs of your ecommerce store and you could be stuck paying for too much shelf space you don’t need, which cuts into profit margins. Lucky for you, in this blog we’re going to cover both!

Inventory Reduction 64

Inventory Reduction Inventory Optimization Software Supply Chain Planning Software 64

GoShip Blog

AUGUST 2, 2022

In the fast-growing world of eCommerce, staying competitive becomes a real challenge. How to increase brand awareness? For example, simple demographic data will show you the most active age group and their activities or occupations. You can meet these expectations by organizing a professional support service.

Supply Chain Design Software 52

Supply Chain Design Software How To Logistics Network Optimization Software Eliminating Excel in Purchasing 52

FW Logsitcs

MAY 13, 2024

But managing eCommerce shipping in-house can be a logistical nightmare for high-growth brands. Learn how mastering e-Commerce shipping can optimize efficiency and boost success. Why e-Commerce Shipping Matters for Business Growth In the competitive world of eCommerce, a seamless customer experience is no longer a luxury.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Inventory Reduction Cost Reduction 52

Ship Monk

FEBRUARY 8, 2023

Most ecommerce business owners have a few key performance indicators (KPIs) that they track daily, if not hourly. Metrics like conversion rates and average order value can keep you up at night when you’re not meeting revenue goals. It tells you at a glance how you’re doing at meeting that goal.

Optimal Sourcing 59

Optimal Sourcing Operations Optimization Software Inventory Reduction 59

Logistics Bureau

MAY 8, 2023

However, we also know how to help businesses get the most from the resources they have and make the right decisions for improvement. So naturally, we’re here to help your enterprise too. That obstacle no longer exists to such a great extent because developments in cloud technology have spawned a new way to adopt TMS.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

Ship Monk

MARCH 20, 2023

Safety nets aren’t just for folks jumping out of airplanes; every ecommerce business owner should have safety nets built into multiple levels of their operations to deal with an industry that is always in flux. Manufacturers can also keep safety stock to cover the ecommerce businesses they work with. What is Safety Stock?

Supply Chain Planning Software 52

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Ship Monk

SEPTEMBER 27, 2022

When you think about eCommerce order fulfillment , from checkout to delivery, there are about a million things that have to happen perfectly to ensure an order is fulfilled accurately and received on time. Millions of orders are delivered every day, seamlessly meeting customer expectations. Take ShipMonk, for example.

Supply Chain Planning Software 52

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Ship Monk

JANUARY 11, 2024

‘Tis the season for processing ecommerce returns. Depending on which article you’re reading, ecommerce brands should be prepared for return rates of anywhere from 16% to 30%. How to Prevent Damage to Your Brand The first and best way to keep returns from damaging your brand is to prevent as many as you can.

Procurement Solutions 90

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Ship Monk

NOVEMBER 1, 2022

Running an eCommerce brand can be all kinds of stressful. One of the most impactful ways we help eCommerce businesses thrive is by taking the stress out of working with shipping carriers. One of the most impactful ways we help eCommerce businesses thrive is by taking the stress out of working with shipping carriers.

Networks 52

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Ship Monk

MAY 23, 2023

Things that customers and ecommerce merchants dislike equally: “Where’s my order?” Once your ecommerce brand has reached significant sales, and you can effectively analyze buyer behavior, it’s time to think about the best ways to disperse your inventory. Strategically located fulfillment centers. 2PL vs. 3PL Warehouses store things.

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Cost Reduction 52

Ship Monk

AUGUST 10, 2023

If you own an ecommerce brand with products that can be negatively affected by warmer temperatures, then shipping in hot weather can be a hazard. ShipMonk does everything possible to meet the needs of a wide assortment of ecommerce brands and their products. These little guys can melt and stick together in higher temperatures.

eCommerce 52

eCommerce Packing Temperature Inventory Reduction 52

Logistics Viewpoints

APRIL 3, 2023

For example, a suggestion from the system might be to transfer 96,154 units of a stock keeping unit to a distribution center in Denver to fill a projected backorder. Between tighter labor markets, ecommerce, and increased volatility in supply chains, a growing percentage of exceptions are not addressed.

Supply Chain Planning Software 151

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 151

Logistics Viewpoints

NOVEMBER 18, 2021

On top of the insatiable desire for everyone to buy online fueling ecommerce growth in DCs, the high cost and scarcity of warehouse labor is crushing to many DC operators. Here’s how to approach it: Start with well-understood processes. Getting going with AI without stumbling can be challenging.

Optimization Software 154

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The Logistics of Logistics

MAY 18, 2022

We went across almost 10,000 to 15,000 students, where we taught how to build robots. How is their business changing?” What was clear is that eCommerce is coming a big thing. The first customer that we signed up with was a large eCommerce company in India. I know eCommerce is a big thing here. It was a lot bigger.

Logistics Network Optimization Software 195

Logistics Network Optimization Software Optimization Software Supply Chain Software eCommerce 195