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Maximize Ecommerce Supplier Relationships

Ship Monk

We’re going to take a little time today to explore the benefits of maintaining a positive relationship with your suppliers. Whether your business is a small ecommerce startup or a big box retailer, the benefits of supplier relationship management are the same. SRM is more than a one-and-done analysis. We’re here to help!

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Everything to Know about Ecommerce Data Security

Ship Monk

Every ecommerce business that becomes a ShipMonk 3PL client is a priority. Of course we’re talking about your ecommerce store’s data security. Why is Ecommerce Cybersecurity Important? Privacy Preventing third parties from accessing private information is a high priority when running an ecommerce store.

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Ecommerce Inventory Management: Challenges & Solutions

Logistics Bureau

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

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The History of eCommerce: From the 1960s to the 2020s

Ship Monk

An invention of particular note was and continues to be eCommerce, or the selling and buying of goods and services online. We’re not laundry experts, but we do know a thing or two about eCommerce. In 1969, the military developed ARPANET to ensure that critical lines of communication would be maintained in the event of a nuclear attack.

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Peak Season 2022 Guide for eCommerce Brands PART 1

Ship Monk

eCommerce Peak Season Problems and Solutions. The surge in eCommerce purchases made during this period has the potential to lead to great profits for your brand and great experiences for your customers. But that’s only if companies address eCommerce peak season problems with skill and swiftness. 1) Supplier Issues.

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Weighted Average Cost Inventory Valuation: Is it Right for My eCommerce Business?

Ship Monk

One of the most irksome tasks of owning an eCommerce business is keeping track of inventory—not just the number of units, but their costs. Of course there are eCommerce fulfillment software and inventory management systems that can do this for you, but every business owner should know the basics of inventory accounting methods.

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FIFO Inventory Management vs. Inventory Valuation for eCommerce Businesses

Ship Monk

FIFO is the most common inventory management method for eCommerce businesses because selling the oldest units before the newer units helps ensure a consistent turnover of inventory. Companies can select from several inventory valuation methods, but once selected they are required to use the same method year after year to maintain consistency.