Ship Monk

NOVEMBER 21, 2022

You’ve done the hard work of building your startup into a successful ecommerce business. The last thing you want is to run out of your bestsellers, but how do you know when to order more? 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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Conger

JULY 22, 2021

This is the complete guide to eCommerce warehouse management systems. In it, you’ll learn: What eCommerce is. What eCommerce warehouse management systems are. How to choose the right system for you. The 11 best eCommerce warehouse management systems. What is eCommerce? What is eCommerce?

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Ship Monk

JANUARY 27, 2021

In 2019 alone, 9,302 stores announced their farewells , sending both devoted shoppers and data analysts into a frenzy. In all fairness, eCommerce is definitely a driving force behind the changing landscape of retail. Kylie Cosmetics, a frontrunner in eCommerce beauty, made waves in 2017 by opening pop-up shops in seven major U.S.

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Ship Monk

JANUARY 30, 2023

If you’ve read PART 1 of our Ultimate Ecommerce Merchant Guide then you are halfway through absorbing the best lessons any entrepreneur can learn from the previous peak season, and are primed with the right knowledge to restructure for a stronger 2023. Welcome to the ecommerce party! And if you haven’t read PART 1, no worries.

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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?

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Ship Monk

JANUARY 27, 2023

While “going with it” is an acceptable strategy for some areas of the holidays; it’s not a strong plan for ecommerce brands during peak season. Get Faster Shipping Options Peak season is when ecommerce brands of all sizes across all verticals feel the most pressure to deliver on the delivery front. Reduce Cart Abandonment 2.)

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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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EazyStock

FEBRUARY 11, 2021

Better Inventory Management for eCommerce. eCommerce is a rapidly growing phenomenon across the globe. Statista projects that eCommerce sales will surpass $740 billion in the US by 2023. B2B ecommerce sales have also accelerated; Forrester projects that 17% of all eCommerce sales in the US will be B2B by 2023.

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FW Logsitcs

MAY 13, 2024

But managing eCommerce shipping in-house can be a logistical nightmare for high-growth brands. Learn how mastering e-Commerce shipping can optimize efficiency and boost success. Why e-Commerce Shipping Matters for Business Growth In the competitive world of eCommerce, a seamless customer experience is no longer a luxury.

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Ship Monk

DECEMBER 30, 2020

It’s no secret that shipping is one of the most important aspects of eCommerce. Read on to learn the what and how of sprucing up your shipping options. Free shipping is pretty great, but it might not be the most viable option for some eCommerce business owners. A brick-and-mortar sage and an eCommerce guru? Not anymore!

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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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Ship Monk

DECEMBER 18, 2023

Going global is a goal for many ecommerce brands. And for many brands, one of the largest opportunities lies in figuring out how to sell beyond their current scope and becoming established in North America. ShipMonk was founded on the idea of making shipping affordable and efficient for ecommerce brands of all sizes.

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GoShip Blog

AUGUST 2, 2022

In the fast-growing world of eCommerce, staying competitive becomes a real challenge. How to increase brand awareness? For example, simple demographic data will show you the most active age group and their activities or occupations. Thus, you can make your goods outstanding by increasing brand awareness.

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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.

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Logistics Viewpoints

APRIL 3, 2023

Aera is using data crawlers to crawl across billions of rows of transactional data on a monthly basis. This is combined with data from external sources on weather, logistics lead times, and sustainability performance. Allocation is a good example of this. Aera Technology is showing me how mistaken I was.

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Ship Monk

MARCH 20, 2023

Safety nets aren’t just for folks jumping out of airplanes; every ecommerce business owner should have safety nets built into multiple levels of their operations to deal with an industry that is always in flux. Manufacturers can also keep safety stock to cover the ecommerce businesses they work with. What is Safety Stock?

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Ship Monk

AUGUST 30, 2023

would put you in the middle 60% of ecommerce stores according to this benchmark. Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates. What is an Ecommerce Conversion Rate? Anywhere between 0.2%

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Ship Monk

DECEMBER 12, 2022

When ecommerce business owners look for ways to increase revenue, they tend to focus on marketing campaigns designed to reach new customers, or promotions that entice existing customers to order more often. We’re going to give you nine examples for inspiration, but feel free to get creative. What is Average Order Value? Reduce fees.

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Ship Monk

MAY 23, 2023

Things that customers and ecommerce merchants dislike equally: “Where’s my order?” Once your ecommerce brand has reached significant sales, and you can effectively analyze buyer behavior, it’s time to think about the best ways to disperse your inventory. Strategically located fulfillment centers. 2PL vs. 3PL Warehouses store things.

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Ship Monk

SEPTEMBER 6, 2023

This is one of the simplest ecommerce metrics to calculate. For example, if your omnichannel ecommerce business processed 5,000 orders last month for a total of $300,000, the average order value for the month was $60. Simply divide total revenue during a period, by the number of orders during that same timeframe.

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Ship Monk

JANUARY 19, 2024

So, you want to start an ecommerce business. We’re happy to tell you that there are far more options than those two seemingly opposite paths to success (and many, many ecommerce businesses go both ways)! Take a seat as we explore the differences between ecommerce stores and ecommerce marketplaces, and list the pros and cons of each.

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Ship Monk

JUNE 15, 2022

Understanding both layers of the logistics process can help eCommerce business owners optimize their supply chain, manage customer expectations, and make better decisions about ordering, budgeting, and shipping options. Learn more about ShipMonk’s eCommerce fulfillment services. Inbound Logistics. Outbound Logistics.

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Logistics Viewpoints

NOVEMBER 18, 2021

On top of the insatiable desire for everyone to buy online fueling ecommerce growth in DCs, the high cost and scarcity of warehouse labor is crushing to many DC operators. Here’s how to approach it: Start with well-understood processes. The key here is in analyzing data in real time – tasks which are well suited for AI.

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Logistics Viewpoints

MAY 15, 2023

In Southern California, for example, they have a 670,000 square foot warehouse that serves eight different fast-growing ecommerce retailers. Their selection of Blue Yonder is another example of this. With a machine learning approach to driving labor standards, data is acquired over time.

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GlobalTranz

FEBRUARY 25, 2021

For example, the reverse logistics process includes the management and the sale of surplus as well as returned equipment and machines from the hardware leasing business. The supply chain of reverse logistics poses some serious challenges, especially with the recent explosion of ecommerce. Managing return logistic can be challenging.

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Ship Monk

NOVEMBER 30, 2022

For some ecommerce business owners, sending their customers’ orders out the door feels a little like watching your 16-year-old drive off in the family car. But when it comes to ecommerce delivery, that’s not entirely true. Here’s an overview of the ecommerce order fulfillment process and ways to improve each step. Fulfillment.

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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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Logistics Business Magazine

MARCH 22, 2024

Online to inflight, ecommerce is transforming international express courier services, writes Matthew Ware, CEO at CFL , Chairman at Aviation Services UK. It is widely believed that Sting’s “Ten Summoner’s Tales” was, in 1979, the first ever item purchased online – marking the birth of ecommerce.

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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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Ship Monk

JUNE 14, 2023

There are a lot of moving parts to managing an ecommerce supply chain. An ecommerce store owner is expected to master everything from sourcing materials to manufacturing and procurement, to fulfillment and shipping orders to customers. Today we’re going to take a look at a typical ecommerce supply chain from beginning to end.

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Stord

JANUARY 11, 2022

From our daily engagement (and years of deep industry experience), these are some of the issues that should prove most impactful this year, and some ideas on how to overcome some of those challenges. For example, the price of 42# linerboard has gone up 35% in the last 12 months, over the course of 4-5 price increases.

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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?

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Ship Monk

JUNE 30, 2023

There seem to be about a million metrics to watch if you want to run a successful ecommerce business. You can track as many metrics as you want, but not every performance indicator qualifies as a KEY performance indicator (KPI) for your ecommerce business. Which ones are the most important? Well, that depends on your goals.

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Ship Monk

FEBRUARY 16, 2023

In the ecommerce industry it’s a feeding frenzy out there—DTC and B2B retailers doing everything they can to get shoppers’ attention. Colossal companies like Amazon created this “new normal” in the ecommerce industry, and all merchants have been forced to follow or get left out in the cold. That’s a problem for ecommerce brands.

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Logistics Bureau

OCTOBER 11, 2021

Is your ecommerce business one of those that’s been growing steadily in recent years, and seen an absolute boom since the COVID-19 pandemic emerged? So what do you need to do to prevent high demand from being a double-edged sword and potentially stymieing your ability to compete in the lucrative, but fierce ecommerce marketplace?

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GoShip Blog

JULY 26, 2022

The rapid development of eCommerce in recent years has allowed small businesses to spawn their products online and significantly increase their income. How to meet customer delivery expectations? You can satisfy this request by sharing tracking data with customers. Besides, tracking data is sometimes not enough.

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Morai Logistics

JULY 12, 2018

Machine Learning is a methodology analytics leader, SAS , describes as: A branch of artificial intelligence based on the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention. This advanced system of data analytics has helped transform our everyday lives. Demand Forecasting.

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