Ship Monk

JANUARY 26, 2024

Is your ecommerce merchandise considered hazardous materials? While you may not be in the business of selling combustible materials, like lithium for example, all sorts of toys, electronics, and household items contain lithium-ion batteries, from cordless toothbrushes to vaping devices. Many fulfillment centers don’t.)

eCommerce 71

eCommerce Production Packaging 3PL 71

Ship Monk

FEBRUARY 3, 2024

One of the greatest benefits of owning a direct-to-consumer (DTC) ecommerce business is that you get to form a direct connection with your customers. All ecommerce businesses should be engaging in targeted advertising. You do you and look at the data to determine what sending profile best fits your client base.

eCommerce 81

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 81

Ship Monk

JUNE 8, 2022

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. There are many different models for forecasting inventory , and plenty of textbooks written on the subject. Let’s say your eCommerce business makes cotton baby blankets. Total value of one year’s worth of inventory.

Inventory Reduction 52

Inventory Reduction Inventory eCommerce Ordering 52

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.

Inventory Reduction 52

Inventory Reduction eCommerce Inventory Price Reduction 52

EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. The growth of eCommerce in 2020 was phenomenal as more customers, B2B and B2C alike, shopped online due to the COVID-19 pandemic. Forrester projects that B2B eCommerce transactions will reach $1.8 A critical area of focus should be your eCommerce inventory management processes.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 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. This article will show you the difference between these types of inventory and how to calculate Work in Process inventory.

Inventory 64

Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

Ship Monk

OCTOBER 17, 2022

3PL —a simple abbreviation for one of the most complex, integrated, helpful entities operating in the eCommerce landscape. 3PL stands for third-party logistics, and at a glance a 3PL partner provides eCommerce brands with solutions to their fulfillment needs. 3PL vs. 1PL, 2PL, 4PL, and 5PL. Don’t worry; you can change later on.

eCommerce 78

eCommerce 3PL Logistics Network Optimization Software Supply Chain Design Software 78

EazyStock

JULY 22, 2021

Demand forecasting techniques play a critical role in inventory management. However, producing an accurate inventory demand forecast is no mean feat. But first – let’s get a definition: What is inventory demand forecasting? The Importance of Accurate Inventory Forecasting. Inventory Forecasting: Demand Types.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Software Procurement Solutions 105

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

Ship Monk

SEPTEMBER 29, 2022

In PART 1 of our “Peak Season 2022 Guide for eCommerce Brands” we discussed the major problems that affect eCommerce brands for peak season 2022, and the solutions entrepreneurs can seek to resolve them. It can be difficult for eCommerce brands, (DTC brands in particular) to prep for the onslaught of Black Friday sales.

eCommerce 52

eCommerce Inventory Reduction Supply Chain Planning Software Supply Chain Software 52

EazyStock

JANUARY 27, 2021

2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. Focus on eCommerce. Focus on eCommerce. Focus on eCommerce. Then 2020 was thrown into chaos by the global COVID-19 pandemic. Automation.

Supply Chain Software 96

Supply Chain Software Supply Chain Planning Software Inventory Reduction Supply Chains 96

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. The 11 best eCommerce warehouse management systems. What is eCommerce? What’s an eCommerce Warehouse Management System? What is eCommerce?

Supply Chain Design Software 52

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

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! How often does inventory need to be replenished? What is Demand Forecasting?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Ship Monk

AUGUST 2, 2023

You decide to launch an ecommerce store to sell this idea because it’s the greatest idea ever and can’t possibly fail. Part of the process is doing your homework and identifying your ecommerce niche. What is an ecommerce niche? What is an Ecommerce Niche? Let’s assume you’re an entrepreneur with a great idea. Loungewear?

eCommerce 52

eCommerce Material Savings Cost Reduction Inventory Reduction 52

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.

eCommerce 52

eCommerce Supply Chain Planning Software Inventory Reduction Supply Chain Software 52

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.)

eCommerce 52

eCommerce Inventory Reduction Purchasing Skills Material Savings 52

EazyStock

DECEMBER 13, 2020

Optimize Inventory. Start with a detailed overview of what inventory is currently in your supply chain. Having a transparent and detailed account of what inventory you are currently holding will help you optimize your inventory levels while allowing you to be responsive to market demand. Improve Demand Forecasting.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

ShipLilly

FEBRUARY 8, 2023

Questions about dealing with excess inventory Given what has happened before, it is not entirely surprising that many retailers are contending with elevated levels of excess inventory. This is a trend that is undesirable since excess inventory tends to have a detrimental effect on cash flow.

Inventory Reduction 52

Inventory Reduction Inventory Handling 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

FW Logsitcs

MAY 13, 2024

But managing eCommerce shipping in-house can be a logistical nightmare for high-growth brands. Why e-Commerce Shipping Matters for Business Growth In the competitive world of eCommerce, a seamless customer experience is no longer a luxury. In today’s fast-paced world, customers expect lightning-fast delivery.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Inventory Reduction Cost Reduction 52

Ship Monk

MAY 1, 2023

8 Factors Ecommerce Brands Should Consider What makes ecommerce logistics particularly challenging is not only its extensive scope—from packaging to transportation and beyond—but its constant fluctuations. No two days are ever the same, and your warehouse-storage needs are a prime example. It’s as simple as that. #4

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Inventory 52

Now, That's Logistics

NOVEMBER 9, 2021

Retail ecommerce increased by 75% in 2020 in Canada and is on track to expand by another 12% in 2021, according to eMarketer. This year, ecommerce will account for 13.4% For example, retailers are investing in digital platforms to reach consumers dispersed over a vast land mass while responding to competition from global e-tailers.

Supply Chain Planning Software 147

Supply Chain Planning Software Supply Chain Design Software Ordering Optimization Software 147

Ship Monk

DECEMBER 18, 2023

Going global is a goal for many ecommerce brands. Thankfully, there’s ShipMonk—a 3PL with numerous USA fulfillment centers that resolves these issues, thus making growth and scaling easier and more cost-effective for international ecommerce brands on the rise. But it’s not easy.

Supply Chain Design Software 64

Supply Chain Design Software Supply Chain Software Optimization Software Logistics Network Optimization Software 64

Ship Monk

MARCH 11, 2021

It’s a bird, it’s a plane, it’s… oh, numbers and data. Take a few deep breaths, and join us for a crash course on eCommerce metrics: what they are, why you need them, and how they can help you “ Stress Less, Grow More.” But First, What Are eCommerce Metrics? What’s the Difference Between eCommerce Metrics and KPIs?

Procurement Analytics 80

Procurement Analytics eCommerce Cost Reduction Inventory Reduction 80

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. One aspect where this is particularly pivotal is inventory. What is Safety Stock?

Supply Chain Planning Software 52

Supply Chain Planning Software eCommerce Supply Chain Software Inventory 52

EazyStock

DECEMBER 13, 2021

Many inventory management teams are looking for ways to avoid stockouts, as they can cause problems across the entire organization. However, there are steps you can take to improve your inventory management processes and be better prepared to prevent regular stock availability crises in your business. Demand forecasts. Lead times.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

Ship Monk

APRIL 30, 2024

Every ecommerce store relies on an assortment of vital components to survive and thrive, but ecommerce software is the heart of all these elements. Regardless of the size of your ecommerce brand, it doesn’t hurt to periodically reevaluate if the software tools you’re using are giving you everything you need.

Supply Chain Design Software 87

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 87

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. A warehouse is a place where you can keep inventory.

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Cost Reduction 52

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. These crawlers never stop working.

Supply Chain Planning Software 151

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 151

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. The last thing you want is to run out of your bestsellers, but how do you know when to order more?

How To 52

How To Inventory Reduction Supply Chain Software 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 realm, Oracle added some healthcare functionality that allows for using a mobile device to better track inventory statuses. Uber has an ecosystem.

Supply Chain Software 131

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

Logistics Viewpoints

FEBRUARY 8, 2021

Booming Ecommerce is a Megatrend; AMR last mile delivery is one potential solution. The Growth of Ecommerce. Ecommerce and omnichannel was already growing more than twice as fast as traditional retail. Last mile logistics challenges is not just about ecommerce, it is also about urbanization. billion in 2018.

Supply Chain Planning Software 172

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 172

Ship Monk

JUNE 7, 2023

Having goals and actively monitoring, measuring, and making changes to achieve them is how ecommerce brands grow. In short, distribution metrics are performance benchmarks that span across the ecommerce order fulfillment process, from receiving inventory to delivering packages and everything in between.

Procurement Analytics 52

Procurement Analytics Distribution eCommerce Inventory Reduction 52

Ship Monk

JUNE 15, 2022

However, inbound logistics deals with matters of supplying newly manufactured inventory to warehouses and fulfillment centers. Diving deeper, inbound logistics is the part of the eCommerce fulfillment process that involves the receiving of materials and products from a supplier or manufacturer. apparel refolds), and return to vendor.

Outbound 52

Outbound Inbound Logistics Network Optimization Software Supply Chain Design Software 52

Ship Monk

MARCH 5, 2024

No flower wants to stay a seed, no tree wants to stay a sampling, and no ecommerce business wants to stay stagnant. Ecommerce businesses that want to grow then scale successfully and sustainably have to make strategic decisions in every aspect of their operation. How much ecommerce inventory do you need for peak season ?

eCommerce 78

eCommerce Supply Chain Design Software Supply Chain Planning Software Optimization Software 78

Ship Monk

JANUARY 6, 2023

It’s a unique code created and used internally by retailers and ecommerce sellers to identify each unique product and product variation that they sell. A barcode is a method of representing data in a visual, machine-readable form. Traditionally, barcodes represented data by varying the widths and spacings of parallel lines.

Manufacturing Procurement 59

Manufacturing Procurement eCommerce Purchasing Skills Supply Chain Software 59

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.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Price Reduction 52