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 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

EazyStock

DECEMBER 13, 2020

For example, did you take out a loan through the Paycheck Protection Program ? For example you should adopt a different demand forecasting technique for mature products with steady demand, compared to items in decline where demand is become more erratic and lumpy. Improve Demand Forecasting.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Ship Monk

NOVEMBER 30, 2023

Now if only you had a dashboard to keep your ecommerce business running. Today we’re going to help you pick the most important metrics for each area of your ecommerce business. We recently covered KPIs for Ecommerce Businesses in another blog post. Well, guess what? These are the metrics you want on your dashboard.

Procurement Analytics 64

Procurement Analytics eCommerce Procurement Solutions Manufacturing Procurement 64

EazyStock

DECEMBER 13, 2021

For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. 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. Demand forecasts. Lead times.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

Ship Monk

MAY 19, 2022

Sometimes the vendor can give projections of when the item will be back in stock and shipped, for example: “Won’t Ship Until July,” “Won’t Ship for 10 Business Days,” etc. 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?

Supply Chain Planning Software 52

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

Take last-mile deliveries for example. 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.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

Logistics Business Magazine

MARCH 30, 2022

For example, it developed packaging systems that can use paper instead of plastic, as well as solutions that can create packaging tailored to the contents to minimise waste. However, the company wanted to go a step further and look for tools able to provide objective data and values.

Packaging 60

Packaging Supply Chain Software Material Savings Logistics Network Optimization Software 60

Locus

FEBRUARY 7, 2022

Take the example of last year’s holiday season. The algorithms continuously learn and optimize routing and vehicle selection by analyzing data across three levels – riders, customers and, time of the day. Consumers also understood that each e-commerce provider has several competitors. Share and Enjoy !

Optimization Software 52

Optimization Software Optimization Automation Logistics Network Optimization Software 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. Gift packs and subscription boxes are both examples of kitting. Smart Slotting.

Packing 52

Packing Logistics Network Optimization Software eCommerce Picking 52

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

Locus

APRIL 5, 2022

Its shipment movement data helps businesses spot the inaccuracies or errors in order fulfillment and rectify them. Example: A wholesale business supplies meat to some of the restaurants regularly. Example: A brand supplies alcohol and beverages to retail outlets and restaurants regularly. Reach out to Locus for a demo now!

Digital 52

Digital Supply Chain Planning Software Optimization Software Supply Chain Software 52