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 ?! Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! 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

NOVEMBER 14, 2022

If that sounds like you, then you’re probably an ecommerce business owner. While ecommerce has experienced boom after boom, 2022 has proven to be an interesting year in its already storied history. Ecommerce growth is expected to be up about 2.5% 2 Analyze Your Past Data and Compare It to Current Trends. Slice of cake.

eCommerce 52

eCommerce Material Savings Inventory Reduction Cost Reduction 52

Ship Monk

JUNE 2, 2022

FORT LAUDERDALE, FL – Today, ShipMonk announced the launch of a new strategic partnership and direct integration with Gorgias , the leading help desk platform for high-growth eCommerce brands. Leading hyper-growth eCommerce brands like Brumate and Ekster currently leverage both services. About ShipMonk. About Gorgias, Inc.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Design Software Optimization Software eCommerce 52

Ship Monk

NOVEMBER 3, 2022

Successful, scalable eCommerce order fulfillment hinges on efficient pick and pack warehouse operations. The faster the fulfillment center or 3PL (third party logistics company) can pick, pack and ship, the faster your eCommerce business can grow. Find out exactly what goes on after you hit that “buy” button. The Pick and Pack Process.

Packing 52

Packing Logistics Network Optimization Software eCommerce Picking 52

Logistics Business Magazine

DECEMBER 9, 2020

Watch the demo video here to see how it will work. Tuesday 23rd: Automated & Robot Warehouse Vehicles; Packaging for eCommerce; Contract Logistics & Freight Management. Thursday 25th: Transport Management IT Platform Decisions; Wearable Devices and Data Capture in Logistics; Pallets & Containers for Green Supply Chains.

Demo 32

Demo Logistics Network Optimization Software Video Supply Chain Software 32

Ship Monk

JUNE 8, 2022

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. Most of these methods rely on past sales data, future forecasting, or a combination of the two to help inventory managers predict how much inventory they’ll need. Let’s say your eCommerce business makes cotton baby blankets.

Inventory Reduction 52

Inventory Reduction Inventory eCommerce Ordering 52

Freightos

APRIL 2, 2024

More Resources Home April 2, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. China – N. Europe weekly prices fell 6% to $3.31/kg.

Logistics Network Optimization Software 107

Logistics Network Optimization Software Data Freight Demo 107

Ship Monk

MARCH 23, 2023

If you want to strike fear into the heart of an ecommerce business owner, say the words, “inventory discrepancy.” Unfortunately, inventory discrepancies are a common occurrence in many ecommerce businesses and fulfillment warehouses. We know this, because they’re usually the reason ecommerce businesses turn to us for help.)

Inventory Reduction 72

Inventory Reduction Inventory Optimization Software How To 72

Ship Monk

SEPTEMBER 14, 2022

There are a lot of accounting terms thrown around when describing eCommerce inventory: merchandise inventory , WIP inventory , ending inventory , and beginning inventory to name just a few. For an eCommerce business, inventory is your most valuable asset (at least in terms of bookkeeping) and also one of your largest costs.

Inventory Reduction 79

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 79

Ship Monk

DECEMBER 15, 2023

Will the huge growth in ecommerce sales continue, or will the numbers fall back to “normal” pre-pandemic levels? We also hope you’re paying close attention to the data coming in because this will become your baseline for many BFCM seasons to come. Perhaps this will be the year to invest in more powerful data analytics tools.

Purchasing Skills 64

Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

Ship Monk

JUNE 16, 2022

When eCommerce businesses or fulfillment centers use the term “slotting,” they’re referring to a method of organizing inventory in a warehouse to optimize fulfillment operations. The eCommerce businesses that sell direct to consumers (DTC) store their products in warehouses or third party logistics (3PL) fulfillment centers.

Cost Reduction 52

Cost Reduction Inventory Reduction Resource Reduction eCommerce 52

Logistics Viewpoints

SEPTEMBER 25, 2023

At last year’s CloudWorld, Oracle presented their vision for transforming the healthcare industry by applying AI to vast amounts of anonymized patient record data. The Supply Chain Command Center product demos beautifully. Generative AI is a major topic at all the enterprise events this year.

Supply Chain Software 131

Supply Chain Software Food and Agriculture Logistics Network Optimization Software Inventory Reduction 131

Ship Monk

JULY 21, 2022

What eCommerce owner wouldn’t love a perpetual flow of products guaranteed to never run out? In this blog we’re going to explain what a perpetual inventory system does, the difference between it and other inventory systems, and why it’s the ideal solution for omnichannel eCommerce businesses. Perpetual inventory.

Inventory 52

Inventory Logistics Network Optimization Software eCommerce 3PL 52

Ship Monk

JULY 28, 2022

Any eCommerce business that manufactures goods has three different types of inventory at any given time: Raw Materials Inventory , Work in Process Inventory , and Finished Goods Inventory. If your eCommerce business makes and sells hats, for example, you purchase raw materials such as fabric, thread, leather, ribbon, etc.

Inventory 64

Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

Ship Monk

FEBRUARY 8, 2023

Most ecommerce business owners have a few key performance indicators (KPIs) that they track daily, if not hourly. But there are a host of other metrics and KPIs on the operations side that have just as great an impact on the profitability of your ecommerce business. It tells you at a glance how you’re doing at meeting that goal.

Optimal Sourcing 59

Optimal Sourcing Operations Optimization Software Inventory Reduction 59

Ship Monk

NOVEMBER 21, 2022

You’ve done the hard work of building your startup into a successful ecommerce business. 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. Improving Data. Demand forecasting and inventory management rely on accurate data.

How To 52

How To Inventory Reduction Supply Chain Software eCommerce 52

FreightWaves SONAR

FEBRUARY 11, 2021

According to Supply Chain 24/7 , “If 2020 taught us anything, it demonstrated that to succeed, maximize resilience, and ensure business continuity, companies need to maximize every available channel – ecommerce, direct-to-consumer, retail and distributors. Request a FreightWaves SONAR demo by clicking the button below to get started.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Supply Chain Planning Software Optimization Software 98

EazyStock

DECEMBER 21, 2022

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Different demand types or classifications If you analyze the historical sales data of every product in your warehouse, you’ll find that the demand for different items varies considerably. appeared first on.

Modeling Software 52

Modeling Software Optimization Software Inventory Reduction Optimization Modeling 52

EazyStock

DECEMBER 21, 2022

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Different demand types or classifications If you analyze the historical sales data of every product in your warehouse, you’ll find that the demand for different items varies considerably. appeared first on EazyStock.

Modeling Software 52

Modeling Software Optimization Software Inventory Reduction Optimization Modeling 52

Ship Monk

MAY 19, 2022

Not all eCommerce brands offer backordered items for sale. As in: Do you have data to support that customers will buy and not return backordered items? In terms of eCommerce brands, with so many layers to supply chain networks, seasonal shifts, and fluxes in customer behavior, backorders can happen for an array of reasons.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Logistics Network Optimization Software 52

Locus

JUNE 16, 2023

In conclusion, the implementation of these strategies, backed by real-time data, can help businesses significantly trim their last-mile delivery costs. Balancing customer satisfaction and cost-effectiveness is crucial in the evolving landscape of ecommerce, and these tactics can aid businesses in achieving this equilibrium.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

Locus

AUGUST 10, 2022

These included: Smart order allocation, order scheduling and assignment, dispatch management, intensive capture of data points, and cash collection management. To know how to boost your last-mile excellence with the Locus Dispatch Management platform, schedule a demo with our experts. Schedule Demo. Zeroing in on Locus.

Optimization Software 52

Optimization Software Logistics Network Optimization Software Demo After-sales 52

EazyStock

DECEMBER 13, 2020

Effective supply chain forecasting requires a mix of both quantitative forecasting (using historical sales data to predict future demand) and qualitative forecasting (using subjective opinions from sources such as industry reports or feedback from sales teams or customers). Users then manage by exception and make tweaks based on experience.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

EazyStock

DECEMBER 13, 2021

A basic risk of stockout spreadsheet can be easily set up using the following data: Current stock items, items on order and in transit. Ensuring your Data is Accurate and Up-to-Date. Similarly, you may want to increase eCommerce prices across your digital channels to lower demand and avoid showing ‘out-of-stock’. Lead times.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

Locus

SEPTEMBER 19, 2023

In the face of complex routing and capacity issues, integration issues leading to data silos, visibility problems, and more, carriers and last-mile businesses really have their work cut out for them. On the flip side, it is a leader in its extensive use of Data Analytics to spot hidden inefficiencies and capture new growth opportunities.

Supply Chain Software 52

Supply Chain Software Optimization Software Expense Reduction Negotiating Skills 52

Locus

MAY 25, 2022

Use data insights. The obvious answer is data. Data has occupied an inevitable space in the last-mile delivery planning and its strategic implementation. Data insights are the magnetic compasses that indicate whether your business is moving in the right direction. Try a demo with Locus now! Schedule a Demo.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

Locus

SEPTEMBER 27, 2022

Albert also covered how Locus’ offerings help operation managers allocate the optimal number of vehicles to be used in a fleet, and its historical data access helps them effectively plan the number of drivers to serve in a delivery zone the next week, day or month. Quick access to data insights: The need of the hour. Schedule a Demo.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Modeling Software Optimization Software 52

Logistics Business Magazine

MARCH 30, 2022

However, the company wanted to go a step further and look for tools able to provide objective data and values. Distance and time zone were not a problem for the teams, who shared information, demos, results and questions through online meetings on a weekly basis from November 2021 to March 2022.

Packaging 55

Packaging Supply Chain Software Material Savings Logistics Network Optimization Software 55

Locus

MAY 2, 2023

As they were opening new warehouses in different cities quite rapidly, processes like the constant uploading of data manually onto a Transport Management System put a cap on bringing efficiencies at scale and achieving high service levels. Want to ease your business operation with effective logistics management?

Cost Reduction 52

Cost Reduction Price Reduction Purchasing Skills Logistics Network Optimization Software 52

Locus

FEBRUARY 7, 2022

The algorithms continuously learn and optimize routing and vehicle selection by analyzing data across three levels – riders, customers and, time of the day. To know more about how DispatchIQ can help unleash the power of automation for your business, click here to schedule a demo with us today! Share and Enjoy !

Optimization Software 52

Optimization Software Optimization Automation Logistics Network Optimization Software 52

Locus

MARCH 30, 2022

Its historical data insights on various delivery metrics help you evaluate the performance of delivery partners and rectify the inefficiencies that crop up. The increase in urban population and the growing number of smartphone users, and increased data consumption are driving up delivery volumes. Reach out to Locus for a demo today!

Supply Chain Software 52

Supply Chain Software Automation Digital Supply Chain Planning Software 52

Locus

DECEMBER 15, 2022

Most small eCommerce and delivery firms rarely have the resources to manage delivery exceptions. Data insights + Machine Learning = Increased ability to predict SLA breaches. Last-mile visibility helps you generate comprehensive data insights on your current and past deliveries. Schedule a Demo. Higher Overheads.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Procurement Analytics 52

Locus

SEPTEMBER 17, 2021

A lack of transparency, coupled with outdated systems, traditional paper processing and manual data processing aggravates risks for their business. F&B brands should have proper access to relevant data and a clear flow of information to gain critical insights on their partners’ activities. Improve real-time tracking abilities.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 52

Locus

OCTOBER 27, 2023

These robust data points shine a light on a prevalent challenge: a number of businesses still grapple with delivering customer experiences that are consistently delightful or even passably satisfactory. This Diwali, light up your brand’s reputation with Locus, where every delivery is a promise kept.

Optimization Software 59

Optimization Software Logistics Network Optimization Software Cost Reduction Expense Reduction 59

Locus

SEPTEMBER 14, 2021

A Forbes report quoted data stating that store traffic in 2020 fell by 30% as compared to 2019. To know how you can make the best of the peak season, click here to sign up for a demo with Locus today. This was a necessary step amid falling footfalls to retail stores over health concerns. How businesses can manage peak delivery periods?

Negotiating Skills 52

Negotiating Skills Optimization Software Supply Chain Planning Software Cost Reduction 52

Locus

APRIL 5, 2022

Its shipment movement data helps businesses spot the inaccuracies or errors in order fulfillment and rectify them. The major reason behind this was that businesses were unable to comprehensively track whether they were meeting their order fulfillment KPIs on the ground, relying more on manual data collection, calculation and updates.

Digital 52

Digital Supply Chain Planning Software Optimization Software Supply Chain Software 52