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.

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

Ship Monk

APRIL 28, 2021

Starting an eCommerce business is certainly no small feat, and it takes a special kind of tenacity and follow-through to find long-lasting success in such a competitive — but exciting! You can’t run before learning how to walk, and you can’t walk before learning how to crawl. Ready to launch into digital superstardom, eh?

eCommerce 53

eCommerce Inventory Reduction Definition After-sales 53

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

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

SEPTEMBER 19, 2022

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. How do you calculate carrying or holding cost? How Can ShipMonk’s 3PL Software Help? So what exactly is holding cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Ship Monk

APRIL 28, 2023

Which means in the world of ecommerce business, entrepreneurs may feel torn between making eco-friendly decisions and strategic business ones. The good news is that you can stick that stigma where the sun don’t shine because there are plenty of ways to run a profitable eco-friendly ecommerce brand. What is Sustainable Ecommerce?

eCommerce 66

eCommerce Waste Reduction How To Material Savings 66

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?

Supply Chain Planning Software 52

Supply Chain Planning Software eCommerce Supply Chain Software Inventory 52

Ship Monk

AUGUST 3, 2022

Not all of those examples are exactly illustrious, but they do (for the most part) prove that two heads really are better than one. In the world of eCommerce, that proverb certainly holds true. But what is this mysterious entity in the eCommerce world? And how much can you really gain from joining forces with them?

Logistics Network Optimization Software 52

Logistics Network Optimization Software eCommerce Inventory Reduction Resource Reduction 52

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

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.

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Cost Reduction 52

Ship Monk

JANUARY 4, 2024

She definitely gets sh*t done! He plays a critical role in our receiving department with the swagger of a ShipMonker who knows how to get sh*t done. Francheska is a great coworker, team player, and example to follow. He definitely gets sh*t done! She definitely gets sh*t done!

Outbound 93

Outbound Packing Definition Picking 93

GlobalTranz

FEBRUARY 25, 2021

Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics.”. 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. How to Optimize Your Return Logistics Through Integration.

Reverse logistics 84

Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

ShipLilly

OCTOBER 14, 2020

Successful organizations in the eCommerce world can streamline their supply chain through the correct selection of distribution and fulfillment centers depending on their operational needs. The most basic definition of a distribution center is any waystation that allows for products to be redistributed.

Distribution 98

Distribution Supply Chains Picking Ordering 98

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.

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

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. Let’s start with some definitions. Which ones are the most important?

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

Logistics Business Magazine

APRIL 23, 2021

The demand on ecommerce was staggering. Companies were left scrambling, trying to figure out how to meet this heightened demand, keep their employees safe, and continue to operate without their usual supply chain networks. How could companies meet demands while keeping their employees safe and maintaining their bottom line?

Supply Chain Software 64

Supply Chain Software Manufacturing Procurement Automation Supply Chain Design Software 64

Ship Monk

DECEMBER 1, 2022

While a hundred years ago you’d be lucky to get a package across the country in a few weeks, over the last twenty years the ecommerce industry has completely changed customer expectations. Amazon is credited for transforming how shoppers think about delivery of their ordered goods. Sound simple?

eCommerce 52

eCommerce Purchasing Skills Eliminating Excel in Purchasing Price Reduction 52

Ship Monk

JANUARY 20, 2023

Welcome back to the ultimate guide for enhancing your ecommerce knowledge! In PART 2 of our epic ecommerce terms guide and glossary, we’re here for you—the ecommerce merchants and entrepreneurial warriors of the world—to explain key terms relating to ecommerce, logistics, fulfillment, inventory, and more.

eCommerce 52

eCommerce Inventory Reduction Material Savings Manufacturing Procurement 52

ShipLilly

JULY 15, 2021

Technical definition of abandoned cargo. India is an example of a country that has a short waiting period of a month before cargo is classified as being abandoned. How to prevent major losses from abandoned cargo. Other cases arise because it is difficult to identify who or what the cargo is intended for in terms of delivery.

Cargo 98

Cargo Purchasing Skills Freight forwarding Procurement Solutions 98

Ship Monk

NOVEMBER 4, 2022

Karina is definitely showing to be a TOP Performer and we want to thank her for all the dedication. As quoted by her supervisor: “She is a prime example of what we want as a team member. She is an example of someone who puts passion into work and makes things the right way! October 20, 2022. Florida Fulfillment Center.

Replenishment 52

Replenishment Outbound Picking Inventory 52

Ship Monk

JANUARY 11, 2024

‘Tis the season for processing ecommerce returns. Depending on which article you’re reading, ecommerce brands should be prepared for return rates of anywhere from 16% to 30%. How to Prevent Damage to Your Brand The first and best way to keep returns from damaging your brand is to prevent as many as you can.

Procurement Solutions 90

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 90

Ship Monk

APRIL 26, 2023

While a hundred years ago you’d be lucky to get a package across the country in a few weeks, over the last twenty years the ecommerce industry has completely changed customer expectations. Amazon is credited for transforming how shoppers think about delivery of their ordered goods. Sound simple?

eCommerce 73

eCommerce Purchasing Skills Eliminating Excel in Purchasing Price Reduction 73

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online. Minimum Order Quantity Definition. It’s that pop-up in your shopping cart that says, “Add $17.96

Purchasing Skills 86

Purchasing Skills eCommerce Ordering Negotiating Skills 86

Ship Monk

JUNE 9, 2023

As an all-in-one solution, we at ShipMonk, handle both distribution and fulfillment for ecommerce businesses. When we’re prepping merchandise for Amazon FBA or shipping cases of merchandise to Target for an ecommerce brand, we’re dealing in wholesale distribution. Let’s start with a few definitions. So, what’s the difference?

Distribution 52

Distribution Logistics Network Optimization Software Supply Chain Design Software Modeling Software 52

Bringg

DECEMBER 27, 2017

With ecommerce sales reaching $23 trillion in annual sales worldwide, customers are relying on better and faster deliveries for all sort of goods and services. For example, earlier this summer WalMart piloted a scheme in which some of their store staff could earn extra cash by delivering packages to customers on their drive back home.

Optimal Sourcing 48

Optimal Sourcing Sourcing Strategies Logistics Network Optimization Software Supply Chain Software 48

GlobalTranz

SEPTEMBER 16, 2016

There are several definitions of 3PL. Typically, eCommerce suppliers send many small goods to the same, exact location. How To Choose The Right 3PL Provider For You. . Editor's Note: Today's blog is a guest blog by our friends at 2 Flow. In this blog, they discuss everything you need to know about a 3PL business. What is 3PL?

3PL 101

3PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software 101

Forto

JANUARY 15, 2020

You always wondered how to successfully sell through the Amazon marketplace? We tell you how to set this up the right way with seven very useful strategies. For the Amazon marketplace it’s definitely true to be there or be square. Simply let Amazon do the main marketing work by promoting Prime Day for example.

Purchasing Skills 40

Purchasing Skills Logistics Network Optimization Software Price Reduction Procurement Solutions 40

ShipLilly

APRIL 19, 2021

Therefore, it makes sense for shippers to understand how both LTL and FTL can effect your Ecommerce fulfillment process and the associated costs. Let us begin with key definitions. Definitions. For example, it is too risky for more delicate or fragile products. How to Choose: Floor Loaded vs. Palletizing.

Packing 98

Packing Cost Reduction Security Definition 98

GoShip Blog

JULY 15, 2021

How to estimate freight shipping rates . Freight Shipping Definition . Examples of large air freight companies are UPS and FedEx. Budget-friendly : Most businesses owners and eCommerce entrepreneurs don’t have the time to handle shipments and deliveries personally. Benefits of freight shipping . Let’s begin! .

Freight 52

Freight Sourcing Strategies Reliability Definition 52

Morai Logistics

JUNE 5, 2019

Instead of presenting a single definition to explain supply chain excellence, let’s discuss how supply chains help organizations, like Adidas, succeed. These statistics show an increase in consumer demand, an outcome that is commonly linked to ecommerce and anywhere, anytime platforms. The impact of global markets. trillion U.S

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Supply Chain Software Supply Chains Strategy 60

Ship Monk

OCTOBER 28, 2022

Patti’s determination and get sh*t done attitude along with her ability to motivate and lead are true examples of what every ShipMonker should strive to be. Super cool dude and most definitely gets sh*t done!!! He never lets me down, has a great spirit and knows how to get sh*t done!! In PA, we would like to recognize Patti H.

Replenishment 52

Replenishment Outbound Packing Inventory 52

Conger

DECEMBER 13, 2022

How to Palletize a Shipment. Ever wondered how pallets became foundational to logistics today with billions in use? This eCommerce explosion also drives the growth in demand. For example, a factory worker lifting boxes off an assembly line conveyor and stacking them onto a pallet on the floor, is manual palletizing.

Supply Chain Design Software 52

Supply Chain Design Software Material Savings Supply Chain Software Expense Reduction 52

Ship Monk

OCTOBER 28, 2022

Patti’s determination and get sh*t done attitude along with her ability to motivate and lead are true examples of what every ShipMonker should strive to be. Super cool dude and most definitely gets sh*t done!!! He never lets me down, has a great spirit and knows how to get sh*t done!! In PA, we would like to recognize Patti H.

Replenishment 10

Replenishment Outbound Packing Inventory 10