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.

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GoShip Blog

MAY 24, 2021

Just as important as developing your products and tweaking your online store, establishing a clear eCommerce shipping strategy is a critical step to jumpstart a growing business. . What is eCommerce shipping? . eCommerce shipping is more than fast delivery and free shipping. What does eCommerce involve? . Set clear goals.

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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.

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Ship Monk

MARCH 23, 2023

If you want to strike fear into the heart of an ecommerce business owner, say the words, “inventory discrepancy.” Unfortunately, inventory discrepancies are a common occurrence in many ecommerce businesses and fulfillment warehouses. We know this, because they’re usually the reason ecommerce businesses turn to us for help.)

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Ship Monk

JUNE 16, 2021

While operating at 110% capacity may not always be feasible, making the most of the eCommerce slow season definitely is. If you choose to go with the former, how about launching a limited edition collection for the summertime? A multichannel eCommerce solution is packed with plenty of advantages you won’t want to miss out on.

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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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GoShip Blog

MAY 22, 2023

Are you looking to get started with cross-border shipping for your eCommerce business? This blog post will cover everything you need to know about cross-border eCommerce shipping. Read on to learn more about how to get started with cross-border shipping for your business. Choose the right cross-border eCommerce platform.

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Ship Monk

AUGUST 22, 2022

In our eCommerce fulfillment blog we sometimes highlight industry jargon that’s essential for every entrepreneur. Whether you do or you don’t, this blog can help finetune your understanding of what SKUs can be utilized for, how to use them to grow your business , and best practices for this crucial part of inventory management.

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Ship Monk

SEPTEMBER 14, 2022

There are a lot of accounting terms thrown around when describing eCommerce inventory: merchandise inventory , WIP inventory , ending inventory , and beginning inventory to name just a few. For an eCommerce business, inventory is your most valuable asset (at least in terms of bookkeeping) and also one of your largest costs.

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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 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, 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 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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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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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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Ship Monk

MAY 24, 2022

Maybe you’ve already been looking around for a new fulfillment provider , or maybe you’ve already found the perfect partner to take your eCommerce business to next-level growth. How do you move your inventory from one distribution center to another without losing any of it, upsetting your customers, or losing revenue?

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Logistics Business Magazine

JANUARY 13, 2022

So, partnering with Honeywell, FarEye is holding a webinar entitled How to Navigate the New Logistics Landscape on 26th January at 3.00pm GMT with an expert panel who will bring you up to speed on transport and logistics in 2022. How data can be leveraged to improve delivery. In 2021, eCommerce transactions increased by 30%.

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The Logistics of Logistics

SEPTEMBER 19, 2022

By incorporating telematics and dash cam data from its customers into its integrated risk management model, HDVI is able to select, price, manage, and retain risk more accurately and efficiently than incumbent commercial auto insurance providers. Learn More About The HDVI Story. Chuck’s LinkedIn. HDVI LinkedIn. Customer testimonials.

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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

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

OCTOBER 10, 2023

On the other side of that coin, ecommerce brand owners need to be just as careful when selecting their 3PL fulfillment service partners. Omnichannel fulfillment services are definitely not one size fits all, as every ecommerce brand is unique and has its own special needs.

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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

MAY 20, 2022

It’s impossible to imagine a profitable retail business without growing your eCommerce sales. eCommerce challenges. How to increase online sales? Analyze sales data and customer feedback to see what products generate active purchases. As a business owner, you have probably faced floating sales and tried to stabilize them.

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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

MAY 12, 2022

Whenever possible, use data to help prioritize needs over wants. Your new 3PL will help you determine the best way to handle the actual migration, how to stagger the inventory being moved, and help you create a roadmap for the transition. The post Is There Ever a Good Time for Ecommerce Brands to Switch 3PLs?

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Ship Monk

MAY 20, 2021

In addition to understanding your market, try to contextualize it as much as possible with historical trends and stone cold data. How will you scale into the global market? Who will be your logistics partner as you navigate the world of eCommerce? The better your insights, the better your approach. These two work in tandem. #4.

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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. What is brand awareness?

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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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Ship Monk

APRIL 20, 2023

As ecommerce brands grow and their products become more popular, one of the common paths to accelerated growth is having your products get picked up by a specialty store or big-box retailer. Maybe your ecommerce business is not at that stage yet. How is B2B fulfillment Different? Should you care? for failure to do so.

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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

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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GoShip Blog

APRIL 22, 2022

How to implement demand forecasting in your supply chain? For instance, if you’re a successful eCommerce retailer, you may want to know how to draw more customers by boosting your website. The quantitative method relies on already existing sales data and previous demand tests. Collect the data.

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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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Ship Monk

DECEMBER 4, 2023

As your ecommerce businesses powers through the peak shopping season, it’s easy to forget there’s one more peak to climb. It’s no wonder many ecommerce brands don’t put a plan in place until they’re up to their necks in returned merchandise. So, the question is, how are you going to handle the reverse logistics rush?

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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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