GoShip Blog

MARCH 2, 2021

Well-organized inventory management is a must-have for a successful retail strategy. Often, shippers are faced with inaccurate or inconsistent inventory management which leads to overstocking or understocking. . Another crucial tip is to review your inventory management strategy to make sure you are prepared. .

Inventory Reduction 98

Inventory Reduction Waste Reduction Expense Reduction Price Reduction 98

Ship Monk

JUNE 30, 2023

We’re going to show you how to identify KPIs for your business by breaking the process down into three parts. Let’s start with some definitions. Start with the goal you’re trying to reach and work backwards to determine the actions you need to take, and how to measure their success.

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eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

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. Revamp Your Marketing Strategy. Refresh Your Inventory. The post A Summer of Sales: How to Combat the eCommerce Slow Season appeared first on ShipMonk | Fulfillment Center | Order Fulfillment Services.

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eCommerce Inventory Reduction How To After-sales 59

3PL Insights

FEBRUARY 17, 2020

Supply chains are subjected to numerous risks including incorrect orders, delayed shipments, inventory loss, and more. This is definitely beneficial to any supply chain as it simplifies and speeds up communication. Companies should establish and implement long-term strategies to decrease the possibility of a cyber-attack.

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Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 90

3PL Links

DECEMBER 2, 2022

We will address the following topics in this article: Inbound logistics definition and significance. Strategies for efficient inbound logistics that you can use in your business. Stock planning: Stock planning is the process of choosing the right amount of inventory to keep on hand given production demands and consumer demand.

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Inbound Sourcing Strategies Material Savings Inventory Reduction 62

Ship Monk

JULY 7, 2022

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. Minimum Order Quantity vs. Pricing Strategy. How Sellers Calculate MOQ.

Purchasing Skills 87

Purchasing Skills eCommerce Ordering Negotiating Skills 87

Ship Monk

DECEMBER 5, 2022

Could there be hidden costs you’re not accounting for in your pricing strategy? Stick with us and you’ll learn how to calculate landed cost — and how this number affects your profitability. That’s why understanding landed cost is key to a successful pricing strategy and making better business decisions. landed costs.

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Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

Logistics at MPEPS at UPV

MARCH 11, 2019

It sounds quite weird, but this business model or logistic strategy is contributing to set up new businesses. There are some benefits to both parts: For the owner of the E-Commerce or shop, they can sell a huge variety of products without stock, saving inventory costs among others and earning a commission over the manufacturer’s price.

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Sourcing Strategies Cost Reduction Inventory Reduction Price Reduction 40

Logistics Viewpoints

DECEMBER 7, 2021

Workforce shortages and other challenges abound throughout all transportation sectors, and while this may revitalize investments in localized manufacturing, expanded warehousing to hold more inventory, and other efforts, these changes do not solve today’s issues. Carrier capacity management strategies ease the crunch.

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Price Reduction Cost Reduction Inventory Reduction Capacity 114

Ottawa Logistics

MARCH 24, 2022

Although Bill Gates is quoted as saying, “Your most unhappy customers are your greatest source of learning,” he most definitely did not build the Microsoft empire off of bad logistics. This requires a different philosophy about handling, a philosophy that your inventory management company may not be fully ready for.

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Distribution Inventory Reduction Material Savings Cost Reduction 62

Ship Monk

JANUARY 20, 2023

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. To the supplier, the steel is merchandise inventory (a.k.a. finished goods).

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eCommerce Inventory Reduction Material Savings Manufacturing Procurement 52

Ship Monk

APRIL 28, 2021

You can’t run before learning how to walk, and you can’t walk before learning how to crawl. Ambition without execution often leads to biting off more than one can chew, and that’s definitely not what you want when you already have a million things to worry about. way to get there. Marketing Is King.

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eCommerce Inventory Reduction Definition After-sales 53

Ship Monk

MAY 23, 2023

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. Fulfillment Center If you’re an ecommerce brand that wants to grow and scale , figuring out where to put your inventory is only part of the formula.

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Cost Reduction 52

Ship Monk

AUGUST 3, 2022

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. Each of these stages comes with specific processes, from storing inventory to arranging carrier pickups. How to Choose a Logistics Service Provider.

Logistics Network Optimization Software 52

Logistics Network Optimization Software eCommerce Inventory Reduction Resource Reduction 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. Learn to Calculate Reorder Points Did you run out of inventory during peak season? However, most people don’t know the majority of the lyrics to this classic; they just kind of go with it.

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eCommerce Inventory Reduction Purchasing Skills Material Savings 52

Logistics at MPEPS at UPV

MARCH 31, 2019

How to achieve a competitive advantage through Distribution Networks. After the lesson on distribution networks, I researched to complete the training a bit more and I found how to obtain efficiency on the distribution. Previous steps in the design of distribution networks. The objetives must be concrete, achievable and realistic.

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Distribution Inventory Reduction Cost Reduction Networks 40

247 Customs Broker

MARCH 1, 2018

And while most companies are at least thinking about how to make that happen, many are still using antiquated processes like pen-and-paper and spreadsheets to manage inventory and track product movement within the four walls of the warehouse. Warehouse Control Systems (WCS) in lieu of WMS. carousels, sorters, conveyors, etc.),

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimization Software 28

GlobalTranz

FEBRUARY 25, 2021

According to the Council of Logistics Management, it is “the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal.

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Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

Conger

MARCH 28, 2024

Introduction to Fleet Management Fleet Management Definition Businesses across all sectors depend on commercial vehicles to transport people and products daily from cross-country delivery services to your neighborhood gas and oil provider. Fleet management is the process of organizing, coordinating, and overseeing company vehicles.

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Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 73

AIMMS

MARCH 8, 2016

A recent report from Auburn University summarizes these changes quite neatly: Inventory – consumer demand for flexible delivery times and pick-up options is changing inventory management. Transportation capacity and cost: carriers are more selective about which retailers they work with and parcel pricing strategies are changing.

Cost Reduction 62

Cost Reduction Inventory Reduction Price Reduction Sourcing Strategies 62

Ship Monk

SEPTEMBER 6, 2023

The metric gives you important insights into customer behavior, which you can use to optimize merchandising, pricing, and marketing strategies. By understanding those factors, and how to increase AOV, you can get your business to a profitable enough place to offer free shipping without taking a hard financial hit.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Price Reduction 52

AIMMS

MARCH 8, 2016

A recent report from Auburn University summarizes these changes quite neatly: Inventory – consumer demand for flexible delivery times and pick-up options is changing inventory management. Transportation capacity and cost: carriers are more selective about which retailers they work with and parcel pricing strategies are changing.

Optimal Sourcing 69

Optimal Sourcing Sourcing Strategies Cost Reduction Inventory Reduction 69

3PL Links

JULY 7, 2023

Currently, in addition to EDI, the following are the primary elements of the aforementioned data system: ECR – Efficient Consumer Response; DSD – Direct Store Delivery; CRP – Continuous Replenishment Program; ERS – Evaluated Receipt Settlement; VMI – Vendor Management Inventory. as a definition of value.

Supply Chain Software 48

Supply Chain Software Supply Chains Data Logistics Network Optimization Software 48

Conger

JANUARY 17, 2023

Because in this ultimate guide, you'll learn everything you need to know about the 5S warehouse system, including: What warehouse 5S is The 8 key benefits of 5S-ing your warehouse How to easily implement a warehouse 5S protocol And lots more! Some common sorting strategies include: General cleaning of an area. Let's dive in!

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Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 52

Ship Monk

JANUARY 30, 2023

We’re happy to have you and can’t wait to share our secrets for a successful ops strategy. Make sure your fulfillment center also knows exactly how to handle returns, refunds, and reshipments. Learn Different Delivery Status Definitions Being informed on any subject is key to success. And if you haven’t read PART 1, no worries.

eCommerce 52

eCommerce Supply Chain Planning Software Inventory Reduction Supply Chain Software 52

GlobalTranz

NOVEMBER 10, 2015

Recently we read from Software Advice their recent report, the 3PL budgeting guide , which listed how much should a 3PL budget and how to compare a Warehouse Management System. This includes improving processes in inventory management and saving space. Similarly, the cost of labor is another force behind the use of a WMS.

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Supply Chain Planning Software Optimization Software Inventory Reduction Cost Reduction 90

Talking Logistics

FEBRUARY 7, 2019

The answer is not only yes, but definitely so. However, this strategy involves more than parts of your supply chain watching for simple leaps forward in tech evolution. Don’t be an analog camera in a world of high-definition smartphone snaps: ask, learn, research , and most importantly, do when it comes to your supply chain.

Supply Chain Software 63

Supply Chain Software Supply Chain Planning Software Supply Chains Scenario Planning 63

Forto

AUGUST 20, 2018

Poor planning and execution of the shipping strategy will dramatically increase freight costs, so more companies with low-volume shipments have turned less than container (LCL) or less than truckload (LTL) to reduce freight spend. A Quick Look into the Deconsolidation Definition. What is Freight Consolidation? Freight Deconsolidation.

Inventory Reduction 40

Inventory Reduction Cost Reduction Freight Resource Reduction 40

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.

Procurement Analytics 99

Procurement Analytics Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 99

GlobalTranz

SEPTEMBER 16, 2016

There are several definitions of 3PL. Using a third party logistics provider that has higher quality technology and processes than your in-house operations will help realise efficiencies with the management of your inventory and increase on-time performance. How To Choose The Right 3PL Provider For You. . What is 3PL?

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

GlobalTranz

JULY 7, 2021

Shippers should understand these layers of logistics and how each brings value to a logistics strategy. Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.”. But that definition is no longer registered.”.

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4PL 3PL How To Supply Chain Planning Software 84

Freightos

OCTOBER 18, 2017

The new breed of consumer has been weaned on Amazon-level freight service expectations, spanning pricing, booking, and service To this add the even more demanding expectations of a new breed of entrepreneurs, and these are the shippers that the logistics providers must now learn how to cater to. Customers are definitely ready.

Cargo 50

Cargo Logistics Network Optimization Software Supply Chain Software Price Reduction 50

247 Customs Broker

NOVEMBER 23, 2018

Toys ‘R’ Us said on Thursday it is seeking approval to liquidate inventory in its 735 U.S. If companies can’t compete with the amazing selection, super-fast shipping, and low prices on Amazon, then they are definitely not going to perform as well. Their inventory management wasn’t well-planned or executed.

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Inventory Reduction Supply Chain Planning Software Price Reduction Vendor Strategies 28

Conger

MAY 6, 2019

When it comes down to applying lean strategies, it’s not so easy. So we asked six Toyota experts: how are you applying lean management principles at your facility? Toyota Lean Management is a management philosophy that teaches team members how to solve problems in a way that is effective and sustainable. 25 can increments.

Waste Reduction 59

Waste Reduction Inventory Reduction Material Savings Sourcing Strategies 59

247 Customs Broker

APRIL 12, 2018

“As more people made their purchases online versus going to a store, the need for highly flexible supply chains has grown exponentially,” says Dinesh Dongre , vice president of strategy at Softeon, Inc. Warehouse execution systems (WES) manage inventory records and materials handling equipment within the facility. Autonomous Robots.

Distribution 28

Distribution Supply Chain Software Optimization Software Procurement Solutions 28

Forto

JULY 25, 2018

The right strategy can propel the smallest of competitors through better, data-based decision making in international transport to the front of industrial battle lines. Experts disagree on the definition of Big Data. Instead of trying to pin down Big Data organization into a specific definition, taking a broad view is more effective.

Supply Chain Planning Software 40

Supply Chain Planning Software Data Optimization Software Optimal Sourcing 40

AIMMS

FEBRUARY 20, 2015

And the opening chapter in the book is an actual case study about a team meeting I attended where they would have the inventory “target of the month”. How do we determine what’s important? How to align on that? How do we measure on a corporate level, the metrics that matter? How long does it typically take?

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115