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

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. This still holds true with 45% of survey participants citing inconsistent practices and processes across teams as one of the top challenges in adopting project management implementation.

3PL 62

3PL Supply Chain Planning Software Document Scenario Planning 62

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

GlobalTranz

APRIL 6, 2021

For example, many supply chain resiliency plans may have considered a health crisis in which organizations and key partners face lower-than-normal staffing levels. For example, hand sanitizer sales spiked 313% during one week in February 2020, according to reports from Nielsen. Embracing technology is part of that solution.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Software Supply Chains Manufacturing Procurement 75

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. In 2014, a survey by Tompkins Consortium delivered a shocking revelation.

Supply Chain Design Software 122

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

GlobalTranz

MAY 28, 2015

Launching your own ecommerce project online is a key to spectacular revenue growth and a nice opportunity to find a large number of potential customers as you pivot to an omni-channel supply chain. A personalized website has got more chances to meet customer’s requirements and occupy leading positions in the ecommerce marketplace.

Supply Chain Software 93

Supply Chain Software Vendor Strategies Supply Chains Waste Reduction 93

Locus

FEBRUARY 7, 2022

Take the example of last year’s holiday season. 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. Share and Enjoy !

Optimization Software 52

Optimization Software Optimization Automation Logistics Network Optimization Software 52

Ship Monk

AUGUST 8, 2023

There are plenty of ecommerce helpdesks and customer service solution providers including Gorgias , Gladly, and Zendesk, that make this easy. Product reviews and post-purchase satisfaction surveys are also good sources, as long as someone is reading them. It may seem like you’re stating the obvious (Of course we got your order!

Ordering 52

Ordering Logistics Network Optimization Software Purchasing Skills Material Savings 52

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%. Of course, the opposite is also true — when handled poorly, returns can hurt your brand. Let’s take apparel, for example. It makes perfect sense.

Procurement Solutions 90

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 90

Logistics Business Magazine

NOVEMBER 2, 2021

Challenges from Covid to Brexit, driver shortages to microchip shortages, eCommerce to ethical consumerism, mean that businesses are having to learn, change and adapt their logistics operations at great speed, and often in areas where they lack high-level skills and expertise. Four particular concerns stood out. Cultural alignment.

Buyer Training 51

Buyer Training Cost Reduction Scenario Planning Expense Reduction 51

Logistics Bureau

AUGUST 27, 2018

Of course, gamification can only be used in processes requiring human input, since it drives performance by way of motivation. Source: Findings of a 2016 survey conducted by TalentLMS. Value-added activities such as ecommerce packaging or labeling. Let us begin with a quick summation of what gamification is and how it works.

Logistics Network Optimization Software 48

Logistics Network Optimization Software Supply Chain Design Software Tips Supply Chain Software 48

Logistics Bureau

SEPTEMBER 28, 2020

The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. 3) Ecommerce and Multi-Channel Retail. The best example of a 4PL model is Amazon.com. Healthcare Logistics.

4PL 116

4PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software 116

Logistics Business Magazine

DECEMBER 21, 2022

According to recent figures from eMarketer, US Direct-to-Consumer (DTC) ecommerce sales have more than tripled over the past six years. It is not possible to pick a single item with a forklift truck, for example. The market has grown from $36.08bn in 2016 to $128.33bn in 2021 – a gain approaching $100bn in about half a decade.

Modeling Software 67

Modeling Software Supply Chain Software Logistics Network Optimization Software Inventory Reduction 67

Freightos

JULY 11, 2017

Ecommerce is one reason. For example, there are over 100,000 companies that sell over $100,000 worth of goods annually. Pioneers may lack coverage (for now), according to a Transport Intelligence mystery shopping survey, but this will soon change. Small Business Importers Are A Growing Segment. It’s official.

Purchasing Skills 61

Purchasing Skills Price Reduction Cost Reduction Manufacturing Procurement 61

GlobalTranz

DECEMBER 22, 2016

The State of Manufacturing: eCommerce, Analytics, and Robotics. Of course, none of this would be possible without improved self-service features, as explained by “The Impact of B2B E-Commerce on Manufacturers and Distributors,” and comprehensive, easy-to-integrate platforms. For example, big data is all the data compiled and analyzed.

Trends 78

Trends Industry Supply Chain Design Software Supply Chain Planning Software 78

Logistics Business Magazine

AUGUST 2, 2022

They could of course do both – cutting back on eating out, for example, reducing hospitality trade demand, but investing more in entertaining at home and thus buying more groceries. On the demand side, the ‘cost of living crisis’ is becoming a reality.

Cost Reduction 55

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 55

Logistics Bureau

JANUARY 8, 2019

Source : Logistics Management 2018 Distribution Center Survey. . For example, a WMS is no longer ideal where pockets of automation exist in larger facilities that also retain a dependency on manual processes. — Aaron Ahlburn, Managing Director of Industrial and Logistics Research, JLL Property Services.

Supply Chain Design Software 67

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 67