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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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Which eCommerce Business Model Is Right for You?

Ship Monk

They say labels are for soup cans, but, when it comes to running an eCommerce company, it’s important to know where your business model falls under. eCommerce Business Classifications. When people think of eCommerce, they’re often thinking about the D2C, or direct-to-consumer, approach. eCommerce Business Models.

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Profitably Delivering eCommerce with Consumer-Centric Priorities

Logistics Viewpoints

In my Logistics Viewpoints article in April 2021, Building Profitability with Agility while Digitally Transforming the Supply Chain , I mentioned that we will continue to explore here the concrete steps in the digital journey and examples of determination from the top in addition to logistics operations. and Unnu, Kaan. [2]

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AR, VR, and eCommerce

Ship Monk

we can talk about a couple of futuristic innovations that are rocking the socks off eCommerce: AR, or augmented reality, and VR, or virtual reality. AR, for example, is great for workforce training situations where employees still need a firm grasp on the real world, and VR can be used for simulations, virtual tours, and, yes, video games.

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How O2O Is Shaping the Future of eCommerce

Ship Monk

Although it might be easy to pin these closures solely on the eCommerce piñata, there are other factors that contribute to a store’s decision to shut down, namely: Events outside of our control , such as the economic effects of a global pandemic The shift from a service to an experience-based economy A shrinking middle class Poor management.

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2021 Supply Chain and Inventory Management Trends

EazyStock

2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. With that in mind, here are a few trends for 2021 that could help your business outlast the pandemic: Supplier Diversification. Focus on eCommerce.

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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?