Ship Monk

OCTOBER 17, 2022

3PL —a simple abbreviation for one of the most complex, integrated, helpful entities operating in the eCommerce landscape. 3PL stands for third-party logistics, and at a glance a 3PL partner provides eCommerce brands with solutions to their fulfillment needs. 3PL vs. 1PL, 2PL, 4PL, and 5PL. Don’t worry; you can change later on.

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eCommerce 3PL Logistics Network Optimization Software Supply Chain Design Software 79

Logistics Viewpoints

JANUARY 26, 2021

The rise of ecommerce. The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. Natural disasters. Geopolitical events. Tariffs and trade regulations.

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Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

Ship Monk

DECEMBER 5, 2022

Does it feel like your ecommerce business should be more profitable than it is? One of the most common mistakes direct-to-consumer (DTC) ecommerce brands make is failing to understand and track their true costs, a.k.a. Could there be hidden costs you’re not accounting for in your pricing strategy? If so, you’re not alone. landed costs.

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Ship Monk

SEPTEMBER 19, 2022

Remember when you were managing your eCommerce business out of your garage? Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. What is Inventory Holding Cost? Carrying costs typically average as much as 20 – 30% of the total cost of inventory.

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Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Ship Monk

SEPTEMBER 29, 2022

In PART 1 of our “Peak Season 2022 Guide for eCommerce Brands” we discussed the major problems that affect eCommerce brands for peak season 2022, and the solutions entrepreneurs can seek to resolve them. It can be difficult for eCommerce brands, (DTC brands in particular) to prep for the onslaught of Black Friday sales.

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eCommerce Inventory Reduction Supply Chain Planning Software Supply Chain Software 52

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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Ship Monk

SEPTEMBER 12, 2023

But first a few definitions. Yes No Post-campaign ecommerce platform? Powerful software platform — ShipMonk’s advanced software gives crowdfunding projects full control and real-time visibility of their inventory, order fulfillment, shipping, and much more. What is Crowdfunding? Yes No Prototype required?

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eCommerce Modeling Software Ordering Procurement Solutions 69

EazyStock

JULY 22, 2021

Demand forecasting techniques play a critical role in inventory management. However, producing an accurate inventory demand forecast is no mean feat. But first – let’s get a definition: What is inventory demand forecasting? The Importance of Accurate Inventory Forecasting. Inventory Forecasting: Demand Types.

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Ship Monk

MARCH 30, 2024

Just as online shoppers have a lot of choices when it comes to where to take their business, ecommerce brands have many options for where to take theirs in terms of order fulfillment. While there are plenty of 3PLs out there that your ecommerce brand could consider for its order fulfillment needs, not all are equal.

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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

NOVEMBER 14, 2022

For others, they’re signs of elevated stress levels, which can definitely lead to eating way too many cookies. If that sounds like you, then you’re probably an ecommerce business owner. While ecommerce has experienced boom after boom, 2022 has proven to be an interesting year in its already storied history. Slice of cake.

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3PL Insights

JUNE 3, 2020

The novel coronavirus pandemic brought about a surge in ecommerce. Consumers, retailers, and distributors were pressed to adopt ecommerce due to stay-at-home orders, mandated store closures, and forced shutdowns. Now, as restrictions are lifted, consumers will have higher expectations for ecommerce.

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Ship Monk

JANUARY 8, 2024

Definitely not. ShipMonk is an omnichannel ecommerce fulfillment enterprise that services ecommerce brands of all sizes across all verticals, including ecommerce brands that need FDA registration. Accordingly, our US ecommerce fulfillment centers have the FDA registration needed to safely store and handle these products.

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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! In practice, this could mean, for example, slowly but steadily growing your inventory instead of adding lots of items all at once. Embrace Change.

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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. After keenly observing the eCommerce game, we’ve compiled nine moves that will have you passing go and collecting $200 (and more!) Limit your inventory! The tech titans.

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Now, That's Logistics

NOVEMBER 9, 2021

Retail ecommerce increased by 75% in 2020 in Canada and is on track to expand by another 12% in 2021, according to eMarketer. This year, ecommerce will account for 13.4% Located in Greater Toronto, the facility also offers value-added services (VAS), co-packing and other services designed for the ecommerce industry.

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Supply Chain Planning Software Supply Chain Design Software Ordering Optimization Software 147

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. Refresh Your Inventory. A multichannel eCommerce solution is packed with plenty of advantages you won’t want to miss out on. The science is in : As humans, we love novelty. The fresher, the better.

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Ship Monk

JUNE 9, 2022

In the eCommerce world, companies that have outgrown their mom-and-pop sized operations typically use either a warehouse or fulfillment center that has warehousing capabilities. In this blog we’re going to succinctly discuss the difference between the two and how they work to your eCommerce brand’s advantage. Warehousing Solutions.

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Ship Monk

MAY 1, 2023

8 Factors Ecommerce Brands Should Consider What makes ecommerce logistics particularly challenging is not only its extensive scope—from packaging to transportation and beyond—but its constant fluctuations. Once that’s out of the way, let’s look at how those SKUs feed into your greater inventory. It’s as simple as that. #4

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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. One aspect where this is particularly pivotal is inventory. What is Safety Stock?

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Supply Chain Planning Software eCommerce Supply Chain Software Inventory 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. A warehouse is a place where you can keep inventory.

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Cost Reduction 52

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. So set internal and external deadlines accordingly.

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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

AUGUST 3, 2022

In the world of eCommerce, that proverb certainly holds true. But what is this mysterious entity in the eCommerce world? To get the basics on logistics service providers, and learn how they can take your eCommerce business to the next level, keep reading! Logistics Service Provider Definition.

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Logistics Network Optimization Software eCommerce Inventory Reduction Resource Reduction 52

Ship Monk

NOVEMBER 15, 2022

There are many noteworthy zones—the Danger Zone , the Twilight Zone —but you didn’t come to a 3PL blog to talk Kenny Loggins or Rod Serling; you’re here for impactful topics related to ecommerce. And seeing how they impact your shipping timelines and shipping costs, the topic of Shipping Zones definitely needs to be explored.

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Ship Monk

AUGUST 15, 2022

If your eCommerce business sells lanyard bracelets or fuzzy socks, shipping costs and shipping processes are easier than, say, if you sell grand pianos or plasma televisions. For eCommerce merchants who are selling pianos, plasma screens, etc. For eCommerce merchants who are selling pianos, plasma screens, etc.

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Purchasing Skills Logistics Network Optimization Software Procurement Solutions eCommerce 52

Logistics Business Magazine

JUNE 23, 2021

AG significantly improved order fulfilment productivity by over 40% and increased its warehouse utilisation rate by more than one-third by using Descartes’ cloud-based ecommerce warehouse management solution (WMS). Online Swiss beauty vendor haar-shop.ch In fact, the benefits we had aimed for were achieved in only two weeks!”

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Ship Monk

JANUARY 6, 2023

We’ll give you the definitions for SKU, UPC, and barcode, and cover their differences and how each is used. It’s a unique code created and used internally by retailers and ecommerce sellers to identify each unique product and product variation that they sell. So, it’s time we cleared things up! What is a SKU? What is a UPC?

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Manufacturing Procurement eCommerce Purchasing Skills Supply Chain Software 59

Ship Monk

AUGUST 21, 2023

The literal definition of entrepreneur is “a person who organizes and operates a business, taking on greater than normal financial risks in order to do so.” Our leadership team has successfully been providing best-in-class 3PL fulfillment services to ecommerce brands of all sizes across all verticals for years.

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Logistics Network Optimization Software Modeling Software eCommerce Resource Reduction 52

Ship Monk

JANUARY 4, 2024

Kentucky Fulfillment Center Kentucky wants to thank one of our inventory specialists, Milaydys! She works on Day Shift and goes above and beyond every day for the team with all the effort she puts into ensuring our inventory is as accurate as possible and keeping our locations clean, organized, and pick ready.

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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. But you can definitely find a happy medium with certain expedited options like 2-Day shipping.

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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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Inventory Reduction Inventory Supply Chain Software Logistics Network Optimization Software 73

20Cube Logistics

MARCH 28, 2021

If you are from the supply chain logistics world, then you would have definitely come across the word ‘Manifest’ many times. Manifest is not a legal document but is created for record purpose for seller, transporter and ecommerce website. A typical manifest will have the below details: Details of the: Cargo. Measurement.

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Ship Monk

APRIL 4, 2024

She definitely gets sh*t done and sets the standard for the department! Maria definitely gets sh*t done and sets the standard for the department! Pennsylvania Fulfillment Center PA1 is thrilled to thank another one of our inventory rockstars! Brittany definitely gets sh*t done and sets the standard for the department!

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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

NOVEMBER 4, 2020

Do you have enough inventory to meet an increase in demand? Try as you might, it’s virtually impossible to control all aspects of the eCommerce supply chain, and there’s no better example of that than what we’ve witnessed in the whirlwind that has been 2020. But if you’re more of a doer, it’s crunch time. Maintain Transparency.

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Ship Monk

APRIL 22, 2021

Of course, if you’re an eCommerce business owner, your paths are almost guaranteed to cross, even if you never actually step foot inside a fulfillment center. After much deliberation, he decides to send some of his most promising inventory to Kathy’s Sweet Shop, which is just a hop and a skip away from Carl’s candy laboratory.

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