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. 1 Market Research – Market research gathers crucial customer data by means of surveying.

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Ship Monk

MARCH 11, 2024

What can ecommerce businesses do to leverage this power? That, in a nutshell, is why ecommerce businesses cannot afford to ignore the importance of social proof. Of course, sometimes following the herd can lead us astray. Conformity bias is what makes the fashion industry tick, and many ecommerce businesses benefit from it.

eCommerce 89

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 89

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

Locus

FEBRUARY 7, 2022

According to a McKinsey survey , close to 70 percent of consumers switched brands and retailers if they found a product to be out of stock. All of these can help in identifying performance gaps or with course correction if needed. And that if they were not happy with their services or prices, they could always jump ship to another.

Optimization Software 52

Optimization Software Optimization Automation Logistics Network Optimization Software 52

Freightos

JULY 11, 2017

Ecommerce is one reason. Pioneers may lack coverage (for now), according to a Transport Intelligence mystery shopping survey, but this will soon change. Of course, new customers will always require some support, but machine learning for exception identification and management should keep efforts down. It’s official.

Purchasing Skills 61

Purchasing Skills Price Reduction Cost Reduction Manufacturing Procurement 61