Ship Monk

MARCH 14, 2023

If that’s you and you’re an ecommerce business owner, keep reading for eco-friendly packaging options your company could invest in this year to save money and help preserve the planet. Okay, there are two ways we could write this part of our eco-friendly ecommerce blog: 1.) What is Eco-Friendly Packaging?

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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 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?

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Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Ship Monk

APRIL 1, 2021

We’re all familiar with companies who’ve struck eCommerce gold, and it’s quite likely that we model our own business decisions after their sweeping success. But how exactly did they get there? After keenly observing the eCommerce game, we’ve compiled nine moves that will have you passing go and collecting $200 (and more!)

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Ship Monk

OCTOBER 10, 2023

That means consumers need to really do the research when making online purchase decisions, otherwise the risk for returns is strong. On the other side of that coin, ecommerce brand owners need to be just as careful when selecting their 3PL fulfillment service partners. with plenty of time to satisfy the deadlines associated with Q4.

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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?

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Ship Monk

JULY 31, 2023

In ecommerce, we spend a lot of time talking about logistics. But just as we must constantly evolve to provide ecommerce businesses the best, fastest, most cost-efficient solutions for order fulfillment, so must we prepare brands for when items get returned. ShipMonk does too; after all, we are a 3PL third-party logistics provider.

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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. If you sell clothes for example, offering free shipping for every item purchased doesn’t work for your bottom line.

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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

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?

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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: the sale and purchase of goods and services electronically, particularly on the internet.

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eCommerce Optimal Sourcing Optimization Software Logistics Network Optimization 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?

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eCommerce Purchasing Skills Eliminating Excel in Purchasing Price Reduction 52

GlobalTranz

FEBRUARY 25, 2021

Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics.”. The supply chain of reverse logistics poses some serious challenges, especially with the recent explosion of ecommerce. How to Optimize Your Return Logistics Through Integration. Managing return logistic can be challenging.

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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?

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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.

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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. finished goods).

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ShipLilly

JULY 15, 2021

Technical definition of abandoned cargo. How to prevent major losses from abandoned cargo. If there is a third party that is willing to purchase the cargo, it is prudent to sell it rather than face mounting costs. The named agent on a bill of lading will most likely get the bulk of the bill. 2 ND OPTION: Re-sell and Re-export.

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Cargo Purchasing Skills Freight forwarding Procurement Solutions 98

Locus

DECEMBER 15, 2022

If you’re getting continuous WISMO (Where Is My Order) calls in this manner, it is definitely bad news. Most small eCommerce and delivery firms rarely have the resources to manage delivery exceptions. How to respond to delivery exceptions? Because it is now after office hours, no one answers your call. Higher Overheads.

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Optimal Sourcing Supply Chain Planning Software Purchasing Skills Procurement Analytics 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%. Today we’re going to talk about what you can do, before and after the purchase, to mitigate the damage returns can have on your brand.

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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?

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eCommerce Purchasing Skills Eliminating Excel in Purchasing Price Reduction 73

Ship Monk

JULY 7, 2022

It may sound tempting to force your customers into purchasing in larger quantities, but is it the best way to grow your business? Minimum Order Quantity Definition. All eCommerce brands may encounter minimum order quantities when ordering raw materials. You’ll have to do the calculations, but we can get you started.

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Purchasing Skills eCommerce Ordering Negotiating Skills 86

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. On the other hand, customers are always aware of the status of their purchase and have the ability to interact with their driver directly if need be.

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

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. Today’s customers start their purchases with research, and the majority of them will start on Amazon. Do you want to keep your own online store? And nobody wants that!

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Purchasing Skills Logistics Network Optimization Software Price Reduction Procurement Solutions 40

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. billion people purchased goods online’ in 2018 ’; this valued at 2.8 Learn how to take the right data and turn it into insightful information. trillion U.S trillion U.S.

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Eliminating Excel in Purchasing Supply Chain Software Supply Chains Strategy 60

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. Automated palletizer definition: Automated (robotic) palletizing is the full use of a palletizing machine or robot to load goods on a pallet.

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