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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Remember when you were managing your eCommerce business out of your garage? Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free.

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Importance of Social Proof in Ecommerce

Ship Monk

What can ecommerce businesses do to leverage this power? That, in a nutshell, is why ecommerce businesses cannot afford to ignore the importance of social proof. In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions. That’s a mind-blowing statistic. Absolutely nothing.

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How to Ensure Effective Third-Party Deliveries and Excellence in Your E-commerce Logistics Operations

Locus

Time and day-definite deliveries : Customers want flexibility to select their preferred delivery dates and time slots for their orders. By providing time and day-definite fulfillment, deliveries become more predictable and it makes them trustworthy. Schedule a demo with us!

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The Golden Route: Perfecting Diwali Deliveries This Festive Season

Locus

That’s where sophisticated route planning tools come to the rescue. Read Also: THE DEFINITIVE GUIDE TO LOGISTICS ROUTE OPTIMIZATION Navigating the Festive Frenzy with Locus’ Customer Experience and Dispatch Management Platform As Diwali illuminates India, businesses encounter a whirlwind of demands.