The Logistics of Logistics

JUNE 17, 2022

Jeff Flowers and Joe Lynch discuss why inventory is everything. Jeff Flowers is the Chief Operating Officer of OneRail , a final mile delivery orchestration platform providing real-time visibility, actionable data, and data-driven optimization capabilities for its enterprise clients. Key Takeaways: Inventory is Everything.

Inventory Reduction 259

Inventory Reduction Inventory Optimal Sourcing Optimization Software 259

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 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.

eCommerce 89

eCommerce Logistics Network Optimization Software Optimization Software Purchasing Skills 89

Ship Monk

MAY 10, 2024

We get a lot of questions from ecommerce businesses about shipping costs — questions about how they’re calculated, how our rates compare to what they’re paying now, what kind of discounts they can expect, and how they can reduce their shipping costs. Some offer flat rates for certain size packages.

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Ship Monk

MAY 25, 2023

What do we mean by distributed inventory? Well, if you’re familiar with Amazon’s practice of adding warehouses all over the country, then you’re familiar with the concept of distributed inventory. Splitting inventory across multiple warehouses used to be something that only huge retailers like Amazon could afford.

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Ship Monk

JANUARY 16, 2024

Is your ecommerce business growing so quickly that you’re having trouble keeping products in stock? Are you experiencing frequent inventory discrepancies , or wishing you had a better handle on forecasting demand? If you answered yes to any of these questions, it may be time to upgrade to a perpetual inventory management system.

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Ship Monk

MARCH 21, 2024

With most ecommerce businesses, however, the sales pipeline isn’t nearly as long or as hands-on. Today’s CRM platforms have adapted and expanded their tools to meet the needs of ecommerce businesses. Let’s take a look at CRM systems, the tools they provide, and the benefits they offer to ecommerce businesses.

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Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 94

Ship Monk

FEBRUARY 24, 2024

Whether you’re a small ecommerce brand with the right stuff to make it, or a big ecommerce brand that’s long been established, budget never stops being important. You never want to cut corners on these, or any, crucial areas of your ecommerce brand. That transparency is key to keeping track of your budget.

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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 truth, demand forecasting, or estimating how much product you’ll sell in the future, is one of the toughest challenges for any ecommerce business.

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Ship Monk

FEBRUARY 29, 2024

As much as we’d like to think that ecommerce is taking over the world, it still only accounts for around 21% of retail sales according to a 2023 Digital Commerce 360 analysis of U.S. In fact, there can be significant advantages for brands that engage in both ecommerce and brick-and-mortar sales. Department of Commerce figures.

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Ship Monk

MARCH 27, 2024

Whether you run a small or medium sized ecommerce brand or a giant international company, the right people mean the difference between failure and success. That being said, for more monotonous and time-consuming routine tasks, automation can take the blooming flower of your ecommerce brand and turn it into a full bouquet.

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Supply Chain Software Material Savings eCommerce Optimization Software 74

Ship Monk

MAY 23, 2023

An ecommerce fulfillment center must be flexible when it comes to storing and handling inventory — after all, no two SKUs are the same. Still others may be given special handling at the request of the ecommerce business, with branded packaging for instance. What Can You Ship?

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eCommerce Inventory Reduction Inventory Handling 52

Ship Monk

APRIL 5, 2024

Whether your business is a small ecommerce startup or a big box retailer, the benefits of supplier relationship management are the same. The process involves collecting quantitative and qualitative data concerning vendor-provided goods and services, and analyzing this data for opportunities to improve (or reasons to end) the relationship.

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Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 82

Ship Monk

FEBRUARY 20, 2024

This wouldn’t be an ecommerce blog if we didn’t talk about Amazon. So, if you own or manage an ecommerce brand, Amazon has to be one of the first sales channels you consider. Just hop on board the Fulfillment by Amazon (FBA) bus, and you can outsource all the post-purchase headaches that come with running an ecommerce business.

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eCommerce Purchasing Skills Negotiating Skills Inventory Reduction 82

Ship Monk

JANUARY 29, 2024

Each time a customer makes a purchase from your ecommerce brand they are giving you two things. And if the purchase doesn’t end up working out for some reason; they’re trusting that your ecommerce brand will take care of it and them. The first is obvious—their business. The second, which is less obvious, is their trust.

eCommerce 82

eCommerce Logistics Network Optimization Software Eliminating Excel in Purchasing Supply Chain Software 82

Ship Monk

APRIL 23, 2024

Trouble is, managing an ecommerce brand involves certain unavoidable carbon-causing activities like packaging, shipping and returns. Sustainability Strategies for Ecommerce Businesses You’re not going to become a sustainable company overnight, so it’s best to attack the problem a little at a time.

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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. SKUs are vital to inventory management and the success of any business—as pivotal to operations as a binding agent is to a meatball (i.e. Today, we’re talking about SKUs, also known as Stock Keeping Units. What is a SKU?

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SYSPRO Smarter ERP

MAY 13, 2024

However, to meet these expectations, manufacturers need to ensure a smooth flow of information between their eCommerce platform and core business functions such as inventory, finance, production, shipping, and logistics. Warehouse staff or automated systems pick the items from the inventory based on the order details.

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Ship Monk

OCTOBER 17, 2023

Managing inventory is a pivotal part of peak season for every ecommerce store, regardless of size or industry. Underestimate inventory needs and buyers can have a negative experience with your brand because of backorders or stockouts, or you could just flat out lose business. A big part of that is inventory management.

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Ship Monk

NOVEMBER 30, 2023

Now if only you had a dashboard to keep your ecommerce business running. Today we’re going to help you pick the most important metrics for each area of your ecommerce business. We recently covered KPIs for Ecommerce Businesses in another blog post. Well, guess what? These are the metrics you want on your dashboard.

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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.

Inventory Reduction 52

Inventory Reduction eCommerce Inventory Price Reduction 52

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.

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eCommerce Tips Procurement Solutions Logistics Network Optimization Software 81

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 What is an Inventory Discrepancy? So, what’s the big deal? But which is it?

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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. 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.

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Ship Monk

OCTOBER 24, 2023

For small ecommerce brands, competition is part of daily life. Competing with bigger, sometimes even giant ecommerce brands can feel a lot like a gopher taking on a giraffe. With the right product, right team , and right tools, any small ecommerce brand can effectively challenge big ecommerce brands.

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eCommerce Eliminating Excel in Purchasing Procurement Solutions Buyer Training 64

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 76

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

JANUARY 26, 2024

Is your ecommerce merchandise considered hazardous materials? What do you, as an ecommerce business owner, need to know about shipping hazmat products? You are about to find out what that means, and how it might affect your daily business operations. This quick tutorial will answer all your questions. Many fulfillment centers don’t.)

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Ship Monk

OCTOBER 3, 2023

As we move into the busiest time of year for ecommerce businesses, the specter of sky-high shipping costs is still haunting us all. And what do these rising costs mean for ecommerce businesses that rely on small-parcel shipping carriers to deliver their orders? What Can Ecommerce Businesses Do? respectively.

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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. If your fulfillment center’s accuracy rating was 98%, you’d think that was pretty good, wouldn’t you?

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Ship Monk

JULY 21, 2022

Perpetual inventory. What eCommerce owner wouldn’t love a perpetual flow of products guaranteed to never run out? Well, a perpetual inventory system does constantly monitor the flow of products in and out of your warehouse, but there’s a bit more to managing the inventory than that. What is a Perpetual Inventory System?

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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. What is Beginning Inventory? By inventory , we mean finished goods that are on hand and ready to sell.

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Ship Monk

APRIL 13, 2023

When it comes to ecommerce order fulfillment, two of the most important operational factors are speed and accuracy. The faster your warehouse or 3PL can fill orders (while maintaining accuracy, of course), the more responsive they can be to spikes in order volume, and the easier it will be to scale your ecommerce business.

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Ship Monk

SEPTEMBER 15, 2022

To an eCommerce entrepreneur, having their brand grow and scale is fulfillment. In addition to learning these steps, continue reading this blog for tips about best practices for eCommerce order fulfillment and how entrepreneurs can maximize their fulfillment infrastructure. 4 Steps of eCommerce Order Fulfillment.

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Ship Monk

SEPTEMBER 26, 2023

If you also happen to be an ecommerce business owner, you’d better be upping your m-commerce game. Because it’s estimated that over 50% of all ecommerce purchases during the 2022 holiday season were made on a smartphone. Ecommerce, Mobile Commerce, and Social Commerce Explained Before we get started, here are a few definitions.

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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.

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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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