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What is a SKU? 3PL Advice for eCommerce Inventory Management

Ship Monk

Whether you do or you don’t, this blog can help finetune your understanding of what SKUs can be utilized for, how to use them to grow your business , and best practices for this crucial part of inventory management. They provide full product info to any retailer, catalog, 3PL fulfillment center, warehouse , and so on that deal with inventory.

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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. Handling: These costs include the salaries of workers who directly handle your products, fulfill orders and perform audits, as well as any additional fees you pay your 3PL or fulfillment center for such services.

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How to Ensure Effective Third-Party Deliveries and Excellence in Your E-commerce Logistics Operations

Locus

Multiple fulfillment options: Customers want brands to give them numerous fulfillment choices of when, where, and how orders should be delivered. For instance, if they wish to Buy Online Pickup In Store (BOPIS), Ship from 3PL, or parcel locker deliveries, last-yard deliveries, etc. Schedule a demo with us!

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Email Tips for Ecommerce Businesses

Ship Monk

We’d go so far as to say that these loyal fans are your most precious business asset — more valuable, even, than your inventory — and that’s saying something, coming from a 3PL that stores inventory! So, how do you nurture this relationship and make the most of it? With any relationship, communication is key. The downside?

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Generative AI in Supply Chain: How It Impacts Your Logistics

Trinity Logistics

Now, there’s a lot of definitions out there, but here’s how I define it. Foundational Model This is where the training/learning takes place, where you’re teaching the AI how to look at things and look at input. But you must make sure you’re on the right (private) version of the tool.

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How To Reposition Inventory to Better Respond To Natural Disasters

Camelot 3PL Software

The IFRC report showed a definite increase in the number of natural disasters since the 1960s, with a sharp 35% increase since the 1990s. Other businesses, such as hardware stores, may build up inventory of emergency items such as plywood and basic tools, rain gear, batteries, and flashlights.

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Peak Season Prep: Solutions for a Successful Q4

Ship Monk

On the other side of that coin, ecommerce brand owners need to be just as careful when selecting their 3PL fulfillment service partners. Omnichannel fulfillment services are definitely not one size fits all, as every ecommerce brand is unique and has its own special needs. order packing accuracy.