Ship Monk

JULY 27, 2022

For an eCommerce business owner, the answer is obvious: How the heck do I get a handle on my inventory management ?! We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. If you had a crystal ball, what is the first thing you would ask? What is Demand Forecasting?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Ship Monk

MARCH 11, 2021

It’s a bird, it’s a plane, it’s… oh, numbers and data. Take a few deep breaths, and join us for a crash course on eCommerce metrics: what they are, why you need them, and how they can help you “ Stress Less, Grow More.” But First, What Are eCommerce Metrics? What’s the Difference Between eCommerce Metrics and KPIs?

Procurement Analytics 80

Procurement Analytics eCommerce Cost Reduction Inventory Reduction 80

Ship Monk

APRIL 30, 2024

Every ecommerce store relies on an assortment of vital components to survive and thrive, but ecommerce software is the heart of all these elements. Regardless of the size of your ecommerce brand, it doesn’t hurt to periodically reevaluate if the software tools you’re using are giving you everything you need.

Supply Chain Design Software 87

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 87

Logistics Viewpoints

SEPTEMBER 25, 2023

And of course, Oracle with their investments in Cloud computing, Internet of Things technology, and artificial intelligence can be used to minimize inputs while increasing productivity. For example, an air conditioning manufacturer might sell not just the air conditioner but a yearly service agreement. Uber has an ecosystem.

Supply Chain Software 131

Supply Chain Software Food and Agriculture Logistics Network Optimization Software Inventory Reduction 131

Ship Monk

JANUARY 29, 2024

Each time a customer makes a purchase from your ecommerce brand they are giving you two things. And if the purchase doesn’t end up working out for some reason; they’re trusting that your ecommerce brand will take care of it and them. The first is obvious—their business. The second, which is less obvious, is their trust.

eCommerce 82

eCommerce Logistics Network Optimization Software Eliminating Excel in Purchasing Supply Chain Software 82

Ship Monk

NOVEMBER 21, 2022

You’ve done the hard work of building your startup into a successful ecommerce business. 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. The last thing you want is to run out of your bestsellers, but how do you know when to order more?

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52

Ship Monk

MARCH 5, 2024

No flower wants to stay a seed, no tree wants to stay a sampling, and no ecommerce business wants to stay stagnant. Ecommerce businesses that want to grow then scale successfully and sustainably have to make strategic decisions in every aspect of their operation. How much ecommerce inventory do you need for peak season ?

eCommerce 78

eCommerce Supply Chain Design Software Supply Chain Planning Software Optimization Software 78

Logistics Viewpoints

NOVEMBER 14, 2022

Many-to-many can also refer to many participants in a network accessing many, many sources of event data critical to supply chain operations through a public cloud network. COVID of course taught companies the need for agility. Real-time location and IoT data such as condition statuses (e.g., Stuff happens.

Supply Chain Planning Software 134

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 134

EazyStock

JANUARY 27, 2021

Focus on eCommerce. Hardware is one prime example; we don’t have drones delivering packages quite yet, but robots can be found within warehouses such as Amazon. Focus on eCommerce. But eCommerce is more than just having a website for shoppers to peruse – it includes speedy and reliable order fulfillment. Automation.

Supply Chain Software 96

Supply Chain Software Supply Chain Planning Software Inventory Reduction Supply Chains 96

Ship Monk

OCTOBER 24, 2023

For small ecommerce brands, competition is part of daily life. Competing with bigger, sometimes even giant ecommerce brands can feel a lot like a gopher taking on a giraffe. With the right product, right team , and right tools, any small ecommerce brand can effectively challenge big ecommerce brands.

eCommerce 64

eCommerce Eliminating Excel in Purchasing Procurement Solutions Buyer Training 64

Logistics Business Magazine

OCTOBER 4, 2021

Knight Frank ’s preliminary data shows that take-up of UK warehouse space in Q3 2021 totalled 15.7 This is 27% above the Q1-Q3 2020 total and puts the UK industrial & logistics sector on course for a record year, as the unprecedented levels of occupier demand looks set to ensure that the industry will beat the 51.6m million sq ft.

Manufacturing Procurement 77

Manufacturing Procurement Supply Chains Scenario Planning eCommerce 77

GlobalTranz

FEBRUARY 25, 2021

For example, the reverse logistics process includes the management and the sale of surplus as well as returned equipment and machines from the hardware leasing business. The supply chain of reverse logistics poses some serious challenges, especially with the recent explosion of ecommerce. Imagine this scenario.

Reverse logistics 84

Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

Logistics Business Magazine

FEBRUARY 8, 2022

The processes are analogous to, but with significant differences from, consumer eCommerce. Direct-to-Patient promises to be more convenient, to reduce waste, to encourage better course adherence by patients, as well as helping to control the problem of parallel imports.

Buyer Training 59

Buyer Training Waste Reduction Logistics Network Optimization Software Supply Chain Planning Software 59

Ship Monk

FEBRUARY 9, 2024

As the holiday shopping season reaches its peak, ecommerce business owners everywhere are crossing their fingers, hoping they have enough product in stock and that they didn’t order too much. In truth, demand forecasting, or estimating how much product you’ll sell in the future, is one of the toughest challenges for any ecommerce business.

eCommerce 84

eCommerce Inventory Reduction Operations Modeling Software 84

EazyStock

DECEMBER 17, 2019

Machine learning takes AI one step further and allows the computer to improve its algorithms based on further collected data for better results. One notable example is Amazon, who uses AI to track customers’ purchasing habits and to use that information to make recommendations for other products.

Supply Chain Software 81

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 81

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. Of course, it’s always possible to factor estimates of those costs into your product or service pricing, but then you can find yourself overpricing them. Are Your Profit Margins Declining?

Negotiating Skills 89

Negotiating Skills Purchasing Skills Cost Reduction Analysis 89

Ship Monk

DECEMBER 30, 2020

It’s no secret that shipping is one of the most important aspects of eCommerce. Free shipping is pretty great, but it might not be the most viable option for some eCommerce business owners. For example, your shipping rate could be $5 for orders within 50 miles of your warehouse, $10 for 100 miles, and so on and so forth.

How To 64

How To Cost Reduction Purchasing Skills eCommerce 64

Freightos

JULY 26, 2018

These examples are from retail, but I sense that the same customer empowerment phenomenon is happening broadly across everything we do at Amazon and most other industries as well. Amazon is at the nexus of ecommerce, data, and logistics, with a drive to constantly improve their logistics network. Amazon Fulfillment.

Logistics Network Optimization Software 53

Logistics Network Optimization Software Data Supply Chain Planning Software Manufacturing Procurement 53

Stord

JANUARY 11, 2022

." - Sarang Damle, Group Product Manager, Orders & Inventory Data and Service Capability Silos "Supply chains are too often built in and operate from silos. Ensuring there is faith in the data being put into these systems and consistent processes across the organization is increasingly difficult for most companies.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Optimization Software Optimal Sourcing 78

EazyStock

DECEMBER 13, 2020

Uncertainty is all but guaranteed in 2021 – the best course of action is to mitigate whatever risks you can. For example, did you take out a loan through the Paycheck Protection Program ? This software links directly with your ERP and creates a daily list of purchasing recommendations based off the inventory data.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Ship Monk

AUGUST 30, 2023

would put you in the middle 60% of ecommerce stores according to this benchmark. Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates. What is an Ecommerce Conversion Rate? Anywhere between 0.2%

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

Ship Monk

APRIL 13, 2023

When it comes to ecommerce order fulfillment, two of the most important operational factors are speed and accuracy. The faster your warehouse or 3PL can fill orders (while maintaining accuracy, of course), the more responsive they can be to spikes in order volume, and the easier it will be to scale your ecommerce business.

eCommerce 72

eCommerce Ordering Optimal Sourcing Inventory Reduction 72

Logistics Business Magazine

JUNE 26, 2020

This of course includes Europe and the UK, where the number of companies understanding the productive power and cost efficiency of these platforms is ramping up. Hikrobot, for example, will only release a solution to the market once it has completely verified its stability. Hikrobot’s first UK application is at Superdry.

Logistics Network Optimization Software 66

Logistics Network Optimization Software Material Savings Materials Handling Cost Reduction 66

Ship Monk

JULY 17, 2023

At ShipMonk, we may not deal in DC superpowers; however, we are a titan in the ecommerce industry in terms of ensuring DTC and B2B brands get lightning-fast shipping speed, the strength of a technology-driven operation working to achieve your goals, and international advantages that allow your expanding business to fly higher than ever before.

eCommerce 52

eCommerce Logistics Network Optimization Software 3PL Supply Chain Software 52

ShipLilly

FEBRUARY 8, 2023

When the pandemic led to social distancing and lockdowns, the age of eCommerce received a great boost. Of course, this is only possible with goods with a long expiry date. For example, some businesses could position themselves as the source for hard-to-find items that have not been recently stocked by most rivals.

Inventory Reduction 52

Inventory Reduction Inventory Handling Price Reduction 52

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? So what do you need to do to prevent high demand from being a double-edged sword and potentially stymieing your ability to compete in the lucrative, but fierce ecommerce marketplace?

eCommerce 62

eCommerce Supply Chain Planning Software Negotiating Skills Material Savings 62

Blue Grace Logistics

JULY 20, 2022

The rise in eCommerce and bottlenecks in the global supply chain are driving the need to solve these challenges. For example, you may think you need five people, but find out that you need ten. For example, if we are missing a step or the timeline has been pushed, communicate how and why the timeline was pushed.

3PL 62

3PL Supply Chain Planning Software Document Scenario Planning 62

Logistics Business Magazine

MARCH 30, 2022

For example, it developed packaging systems that can use paper instead of plastic, as well as solutions that can create packaging tailored to the contents to minimise waste. However, the company wanted to go a step further and look for tools able to provide objective data and values.

Packaging 60

Packaging Supply Chain Software Material Savings Logistics Network Optimization Software 60

Logistics Viewpoints

APRIL 10, 2023

For example, pickleball has been the fastest growing sport in America for 3 years. Many Franklin Sports products carry official sports logos – Major League Baseball, NHL, NFL, Major League Soccer logos, and of course USAPA. An example of a branding concept involves the work the company did with Kerri Lee Walsh Jennings.

Supply Chains 118

Supply Chains Security Scenario Planning Manufacturing Procurement 118

Logistics Bureau

JANUARY 1, 2018

Of course, it can also open new opportunities for tomorrow. The following are examples. A key example is the expert system. This AI tool is based on data and rules. With more data and greater processing power now available, computers that learn by themselves have become more feasible. Hard to plan for demand.

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Software Supply Chains Modeling Software 64

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. If you’ve been wanting to learn more about how automation positively impacts 3PLs, and the ecommerce businesses they’re committed to, this is the blog for you. But what kind of automation ?

Supply Chain Design Software 52

Supply Chain Design Software Optimization Software Supply Chain Software Logistics Network Optimization Software 52

Logistics Bureau

DECEMBER 4, 2023

The answer depends, of course, on your company’s objectives and, particularly, on your customer service promises. It’s a random approach in which, for example, a consignment of electric blenders might find a home in a storage location between bottles of shampoo on one side, and dog collars on the other.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

Logistics Bureau

MARCH 3, 2019

Of course, it would be possible to write an entire book on this particular subject, so for the sake of keeping this article relatively brief, I’ll stick to a short explanation of crucial factors to consider when planning a warehouse network (even if it is a network of one). It can go further than this, of course.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Scenario Planning 98

Locus

FEBRUARY 7, 2022

Take the example of last year’s holiday season. The algorithms continuously learn and optimize routing and vehicle selection by analyzing data across three levels – riders, customers and, time of the day. All of these can help in identifying performance gaps or with course correction if needed.

Optimization Software 52

Optimization Software Optimization Automation Logistics Network Optimization Software 52

EazyStock

APRIL 23, 2019

Can you give examples of processes or tasks you help to automate? . Invoice management, for example, is an area where there are smart and easily accessible systems that electronically handle the invoices. And it’s of course fun and rewarding to be able to help those who are really in trouble.

Automation 49

Automation Optimization Software Eliminating Excel in Purchasing Inventory Reduction 49

Logistics Business Magazine

FEBRUARY 10, 2023

Meanwhile, data from the BRC indicates that physical stores received their highest footfall since the beginning of the COVID-19 pandemic, with retailers benefiting from offering in-store pickup of online orders. However, it’s essential to note that there is no one-size-fits-all automation solution to a warehouse’s demand pressures.

Automation 49

Automation Optimization Software Logistics Network Optimization Software Procurement Solutions 49

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. Walmart may be the most famous example of a company that has succeeded primarily because of a well-developed and aligned supply chain strategy. A disciplined approach to the collection, cleansing, and standardisation of supply chain data.

Supply Chain Design Software 122

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 122