Ship Monk

OCTOBER 17, 2022

3PL —a simple abbreviation for one of the most complex, integrated, helpful entities operating in the eCommerce landscape. 3PL stands for third-party logistics, and at a glance a 3PL partner provides eCommerce brands with solutions to their fulfillment needs. Don’t worry; you can change later on. So let’s talk PLs 1 – 5.

eCommerce 80

eCommerce 3PL Logistics Network Optimization Software Supply Chain Design Software 80

Ship Monk

MARCH 30, 2024

Just as online shoppers have a lot of choices when it comes to where to take their business, ecommerce brands have many options for where to take theirs in terms of order fulfillment. While there are plenty of 3PLs out there that your ecommerce brand could consider for its order fulfillment needs, not all are equal.

3PL 87

3PL Supply Chain Design Software Optimization Software Supply Chain Software 87

Ship Monk

MARCH 11, 2021

Take a few deep breaths, and join us for a crash course on eCommerce metrics: what they are, why you need them, and how they can help you “ Stress Less, Grow More.” But First, What Are eCommerce Metrics? In other words, we’re examining eCommerce metrics, which are simply measurements of performance. Let’s continue!

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Procurement Analytics eCommerce Cost Reduction Inventory Reduction 83

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. If you had a crystal ball, what is the first thing you would ask? What is Demand Forecasting?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Ship Monk

MAY 24, 2022

Maybe you’ve already been looking around for a new fulfillment provider , or maybe you’ve already found the perfect partner to take your eCommerce business to next-level growth. Every migration is different because every eCommerce company is different, but the average migration takes 1-2 months. Now, you ask, what’s next?

eCommerce 52

eCommerce 3PL Supply Chain Design Software Inventory Reduction 52

Ship Monk

SEPTEMBER 9, 2020

Every fairy godmother needs her magic wand, every knight needs his shining armor, and every eCommerce business owner needs their tools. While each eCommerce business will have their own unique setup, we’ve compiled a general guide to get you started and help you fill in the blanks of your current configuration. Tech tools, that is.

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Optimization Software Logistics Network Optimization Software eCommerce Tools 56

Ship Monk

MAY 5, 2022

We know that’s not an easy decision for any eCommerce business to make. There are a few different ways to go about the big move, so it’s a matter of choosing the strategy that keeps your sales and fulfillment operations flowing smoothly throughout the transition. Strategy 2: Sending Inventory to Cover a Transition Period.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction 3PL 52

Logistics Viewpoints

SEPTEMBER 28, 2023

The modern supply chain landscape, with its complexity, sustainability demands, eCommerce growth, and advanced tech, has made transportation spend optimization essential for growth. TSO allows a business to stay vigilant by embracing cutting-edge technology, and commit to efficient, sustainable, and cost-effective transportation strategies.

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Supply Chain Software Supply Chain Planning Software Cost Reduction Material Savings 139

FreightWaves SONAR

FEBRUARY 11, 2021

However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. And these additional five shipping strategies can help enterprise shippers maximize recovery and boost profits. Shipping distance average. Truckload shipping success rate.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Supply Chain Planning Software Optimization Software 98

Logistics Business Magazine

OCTOBER 26, 2022

Driven by strong organic growth and a strategy of acquisitions to better meet market needs, the RAJA Group has become a key player in the field of business supplies and equipment. The post RAJA shares growth strategy with suppliers appeared first on Logistics Business® Magazine.

Material Savings 63

Material Savings Strategy Manufacturing Procurement Eliminating Excel in Purchasing 63

Ship Monk

JUNE 16, 2021

While operating at 110% capacity may not always be feasible, making the most of the eCommerce slow season definitely is. Grab your favorite pair of sneakers and allow us to run you through six suggested courses of action. Revamp Your Marketing Strategy. Ready, set, go! #1. Make an Offer They Can’t Refuse. Expand Your Reach.

eCommerce 59

eCommerce Inventory Reduction How To After-sales 59

Logistics Bureau

JULY 17, 2018

The ecommerce market in Thailand has never been healthier and all the signs indicate huge potential for growth in the next few years. Statistic: By 2022, Thailand’s ecommerce market is expected to be worth around $5.8 Local Thailand Ecommerce Logistics: Advantages. With the Thai government’s Thailand 4.0 billion (US).

eCommerce 48

eCommerce Inventory Reduction Cost Reduction Sourcing Strategies 48

Ship Monk

JUNE 1, 2022

At ShipMonk, we’ve worked with major carriers to provide our clients with a range of options to get eCommerce orders to customers in ways so speedy it would make The Flash consider switching shipping providers. Most eCommerce businesses will offer overnight shipping at some point. How Much Does Overnight Shipping Cost?

eCommerce 52

eCommerce Negotiating Skills Cost Reduction Expense Reduction 52

Ship Monk

NOVEMBER 28, 2023

These are all qualities at the foundation of ShipMonk’s operation and strategy. ShipMonk took the ecommerce industry by storm when founder Jan Bednar first envisioned a 3PL provider that would disrupt an industry plagued by slow turnaround and inefficiencies.

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eCommerce 3PL Groups Course 64

EazyStock

DECEMBER 13, 2020

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. Uncertainty is all but guaranteed in 2021 – the best course of action is to mitigate whatever risks you can.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Ship Monk

APRIL 4, 2023

It’s been a while since you placed your ecommerce order so it seems like it may be time to face facts. Lost packages are a worst-case scenario for all ecommerce business owners, but that doesn’t mean they’re completely unavoidable. Of course (see what we did there?) You’re watching, waiting, anticipating. Your package is lost.

Packaging 81

Packaging Tips eCommerce Inventory Reduction 81

ShipLilly

JUNE 28, 2021

Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations. There is a need to respond to customers and of course, some investment is required. Return and Repair Policy Framework. Returns are underpinned by consumer choice.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

Ship Monk

APRIL 30, 2024

Every ecommerce store relies on an assortment of vital components to survive and thrive, but ecommerce software is the heart of all these elements. Regardless of the size of your ecommerce brand, it doesn’t hurt to periodically reevaluate if the software tools you’re using are giving you everything you need.

Supply Chain Design Software 61

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 61

Ship Monk

JANUARY 29, 2024

Each time a customer makes a purchase from your ecommerce brand they are giving you two things. And if the purchase doesn’t end up working out for some reason; they’re trusting that your ecommerce brand will take care of it and them. The first is obvious—their business. The second, which is less obvious, is their trust.

eCommerce 85

eCommerce Logistics Network Optimization Software Eliminating Excel in Purchasing Supply Chain Software 85

Ship Monk

MARCH 28, 2023

Speedy, error-free shipping is one of the most important aspects of any ecommerce business. Read on to learn about the shipping options available to your ecommerce business and understand why 2-day shipping is the best amongst them! It’s safe to say those days are long gone as we relish in the rapidity of speedy ecommerce shipping.

Cost Reduction 52

Cost Reduction Inventory Reduction eCommerce Expense Reduction 52

Logistics Viewpoints

JUNE 20, 2022

Achieving agility with a strategy to sell goods in the same region they are produced in, “has never been more important,” Mr. Bailey exclaimed. This is not a new strategy for VF, they have been working toward this for 4 years. Supporting Ecommerce and Omnichannel. That of course, works to VF’s advantage as well.

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Supply Chain Planning Software Supply Chain Software Manufacturing Procurement Supply Chains 126

3PL Insights

AUGUST 22, 2018

Read on for more details of what you should do with your eCommerce business in preparation for the holidays. For example, maybe you are interested in creating a trickle campaign for Black Friday (of course, many companies do this). As eCommerce orders rise, it stands to reason that the amount of return orders will rise as well.

eCommerce 53

eCommerce Manufacturing Procurement Inventory Reduction Inventory 53

Logistics Bureau

JANUARY 21, 2020

As online retail has become such a massive catalyst for changes in supply chain and logistics thinking and practice over the last few years, I thought it worth greeting the New Year with a brief look at the ecommerce sector and how some of its players have performed in 2019. Who Else is Doing Well in Online Retail?

Inventory Reduction 62

Inventory Reduction Cost Reduction Expense Reduction eCommerce 62

Ship Monk

AUGUST 3, 2022

In the world of eCommerce, that proverb certainly holds true. But what is this mysterious entity in the eCommerce world? To get the basics on logistics service providers, and learn how they can take your eCommerce business to the next level, keep reading! Skeptical about handing your eCommerce business to a bunch of strangers?

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Logistics Network Optimization Software eCommerce Inventory Reduction Resource Reduction 52

Ship Monk

OCTOBER 7, 2020

As an eCommerce business owner, it’s safe to say that this holiday season will be unlike anything you’ve experienced thus far, which is why we’re here to prepare you for success — think of us as the CliffsNotes to your cram paper. #1. Let’s get the obvious stuff out of the way: eCommerce, for the most part, is booming. Conclusion.

eCommerce 94

eCommerce Supply Chain Planning Software Procurement Solutions Inventory Reduction 94

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. We’ll begin with a look at pricing strategy. Do You Lack Confidence in Your Pricing Strategies? It’s unlikely, however, that the effects of your pricing strategies are quite that simple.

Negotiating Skills 89

Negotiating Skills Purchasing Skills Cost Reduction Analysis 89

EazyStock

JANUARY 27, 2021

Focus on eCommerce. In addition to shorter lead times, lower shipping costs, no tariffs and a typically lower MOQ, domestically-source products usually are higher quality – plus, sourcing domestically can work as an attractive marketing strategy. Focus on eCommerce. B2B eCommerce transactions are projected to reach $1.8

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Supply Chain Software Supply Chain Planning Software Inventory Reduction Supply Chains 96

Logistics Business Magazine

JULY 30, 2020

While it expects significant falls in its core industrial trucks sector, the fast-moving supply chain solutions arm, driving automation particularly in the ecommerce sector, is strongly up year on year. The post Ecommerce Order Boom Boosts KION Despite Slashed Revenues appeared first on Logistics Business® Magazine. percent to 5.2

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Ordering eCommerce Supply Chain Software Cost Reduction 43

Logistics Bureau

MAY 3, 2021

Few retailers can hope to grow, or even survive today, without the ability to sell through ecommerce channels. Some have hit on the right strategies and are thriving in the new normal, and others are struggling. Today, 90% of Target’s ecommerce orders are fulfilled from its retail stores. The Dark Store Trend.

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Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 71

Ship Monk

NOVEMBER 21, 2022

You’ve done the hard work of building your startup into a successful ecommerce business. Others take an educated guess and hope for the best, which isn’t a strong strategy either. The good news is that there’s an easy formula ecommerce businesses can use to calculate the optimum reorder point for each SKU in your product line.

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How To Inventory Reduction Supply Chain Software eCommerce 52

Ship Monk

DECEMBER 15, 2023

Will the huge growth in ecommerce sales continue, or will the numbers fall back to “normal” pre-pandemic levels? Mature ecommerce businesses use every source of data they can get their hands on, from shopping platform analytics to inventory and fulfillment platforms. Only then can you establish ideal pricing strategies and discounts.

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

Ship Monk

DECEMBER 17, 2020

In the world of eCommerce, unboxings are our attempts at recreating that original thrill of getting just what you wanted. One of the funnest parts of running your own eCommerce company is, without a doubt, creating a memorable brand. Of course, branding also extends itself aesthetically. Stay True to Your Branding.

Tips 89

Tips eCommerce Material Savings Packaging 89

Ship Monk

OCTOBER 24, 2023

For small ecommerce brands, competition is part of daily life. Competing with bigger, sometimes even giant ecommerce brands can feel a lot like a gopher taking on a giraffe. With the right product, right team , and right tools, any small ecommerce brand can effectively challenge big ecommerce brands.

eCommerce 64

eCommerce Eliminating Excel in Purchasing Procurement Solutions Buyer Training 64

Ship Monk

JULY 12, 2023

Josh, a California native, brings an extensive range of distinguished technology expertise and a proven record of enterprise leadership to bolster ShipMonk’s position as a global leader within the ecommerce logistics and fulfillment industry. Ecommerce brands have had to maintain a focused resilience this year, in an ever-changing market.

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Ship Monk

FEBRUARY 25, 2021

2020 was a monumental year for eCommerce, but not in the way any of us expected. eCommerce merchants and customers alike were faced with some pretty, dare we say, unprecedented challenges that, among other things, forced major changes in both the foundation of online retail and our perceptions of it. Empathize with Your Customer.

eCommerce 55

eCommerce Manufacturing Procurement Eliminating Excel in Purchasing Scenario Planning 55

Ship Monk

APRIL 28, 2023

Which means in the world of ecommerce business, entrepreneurs may feel torn between making eco-friendly decisions and strategic business ones. The good news is that you can stick that stigma where the sun don’t shine because there are plenty of ways to run a profitable eco-friendly ecommerce brand. What is Sustainable Ecommerce?

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eCommerce Waste Reduction How To Material Savings 68

Morai Logistics

MARCH 10, 2021

Nonetheless, supply chain management has had to respond to this changing landscape, regardless of nature of the changes, as strategies that might have been on the horizon prior to COVID-19 are now imperatives for survival. The Ecommerce Boom. The growth in ecommerce has been astounding. For years it’s been rapidly rising.

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Supply Chain Software Supply Chains Inventory Reduction Modeling Software 78