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.

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Inventory Reduction Inventory eCommerce Ordering 52

Locus

JUNE 16, 2023

Read also: How to Calculate the Cost of Transport 2. Read also: What Makes Every Delivery More Efficient Than the Last How to reduce delivery costs of last-mile? In conclusion, the implementation of these strategies, backed by real-time data, can help businesses significantly trim their last-mile delivery costs.

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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. This article will show you the difference between these types of inventory and how to calculate Work in Process inventory. to make the hats.

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Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

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.

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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. Were they discounted and by how much? What were your best-selling products?

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Purchasing Skills Material Savings Supply Chain Planning Software Procurement Analytics 64

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.

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Ship Monk

APRIL 11, 2024

April is tax time, which makes this a good time to bring up the topic of ecommerce sales tax. ecommerce stores. That’s because ecommerce businesses need to do their taxes with every sale they make. ShipMonk is an ecommerce 3PL that partners with hundreds of ecommerce clients of all shapes and sizes. What is Nexus?

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eCommerce Tips Purchasing Skills Procurement Solutions 77

Ship Monk

DECEMBER 27, 2023

Most ecommerce businesses process far more than 1,000 orders per year. Ecommerce orders are filled by pickers, workers who move through the warehouse where the inventory is stocked and collect each of the items in the order. Identify problem areas by setting KPIs and collecting data. But consider this. What is a Mispick?

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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 a few short weeks they’ll find out just how accurate their demand forecasting method was. Qualitative data is more subjective.

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Ship Monk

NOVEMBER 30, 2023

When you’re driving a car down the road, you have to keep your eye on a few things: how much gas is in the tank, how fast you’re going, whe-ther or not you left the blinker on, to name a few. Now if only you had a dashboard to keep your ecommerce business running. Well, guess what? So, what’s on your dashboard?

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Locus

AUGUST 10, 2022

These included: Smart order allocation, order scheduling and assignment, dispatch management, intensive capture of data points, and cash collection management. How AI and Logistics Tech Can Boost Van, Truck & DSD Sales in the Middle East. Schedule Demo. Zeroing in on Locus.

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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.

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

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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.

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Packaging Supply Chain Software Material Savings Logistics Network Optimization Software 56

Locus

DECEMBER 15, 2022

Most small eCommerce and delivery firms rarely have the resources to manage delivery exceptions. How to respond to delivery exceptions? It is how a brand responds to it that determines, if delivery exceptions are countered successfully. Data insights + Machine Learning = Increased ability to predict SLA breaches.

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Optimal Sourcing Supply Chain Planning Software Purchasing Skills Procurement Analytics 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.

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