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Demand Forecasting 101: Everything eCommerce Businesses Need to Know

Ship Monk

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?

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Key Takeaways from Oracle CloudWorld 2023

Logistics Viewpoints

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. Generative AI is a major topic at all the enterprise events this year. The Supply Chain Command Center product demos beautifully.

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Lessons Learned from Black Friday/Cyber Monday

Ship Monk

Will the huge growth in ecommerce sales continue, or will the numbers fall back to “normal” pre-pandemic levels? It’s Gone Global Black Friday/Cyber Monday is now a global event. Mature ecommerce businesses use every source of data they can get their hands on, from shopping platform analytics to inventory and fulfillment platforms.

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Internet Sales Tax Tips for Ecommerce Stores

Ship Monk

April is tax time, which makes this a good time to bring up the topic of ecommerce sales tax. ecommerce stores. That’s because ecommerce businesses need to do their taxes with every sale they make. ShipMonk is an ecommerce 3PL that partners with hundreds of ecommerce clients of all shapes and sizes. What is Nexus?

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Demand Forecasting: How It Enhances Ecommerce Operations

Ship Monk

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.

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Five Reasons SMBs Suddenly Make Sense For Forwarders

Freightos

Ecommerce is one reason. Stock Photo from prior event via Alibaba ). Of course, new customers will always require some support, but machine learning for exception identification and management should keep efforts down. REQUEST FREE FREIGHTOS DEMO. Small Business Importers Are A Growing Segment. It’s official.