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

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

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

Ship Monk

DECEMBER 27, 2023

Back in 2013, in a survey of 250 supply chain executives, more than half of them reported picking error rates of 3-4%, with each mistake costing the company an estimated $22. Most ecommerce businesses process far more than 1,000 orders per year. Identify problem areas by setting KPIs and collecting data. But consider this.

eCommerce 64

eCommerce Inventory Reduction Waste Reduction Cost Reduction 64

Locus

DECEMBER 15, 2022

A survey predicts that e-commerce sales in India will hit the $100 billion mark for the first time in 2023. Most small eCommerce and delivery firms rarely have the resources to manage delivery exceptions. Data insights + Machine Learning = Increased ability to predict SLA breaches. Higher Overheads.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Procurement Analytics 52

Locus

FEBRUARY 7, 2022

According to a McKinsey survey , close to 70 percent of consumers switched brands and retailers if they found a product to be out of stock. The algorithms continuously learn and optimize routing and vehicle selection by analyzing data across three levels – riders, customers and, time of the day. Share and Enjoy !

Optimization Software 52

Optimization Software Optimization Automation Logistics Network Optimization 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. For distances beyond, it automatically picks conventional vehicles, ensuring speedy deliveries, optimal fuel use, and controlled costs.

Optimization Software 59

Optimization Software Logistics Network Optimization Software Cost Reduction Expense Reduction 59