Ship Monk

JUNE 8, 2022

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. Most of these methods rely on past sales data, future forecasting, or a combination of the two to help inventory managers predict how much inventory they’ll need. Let’s say your eCommerce business makes cotton baby blankets.

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Ship Monk

SEPTEMBER 19, 2022

Remember when you were managing your eCommerce business out of your garage? If you’re like most eCommerce business owners, you have a general idea of what carrying costs are, but you wouldn’t be reading this if you didn’t have a few nagging questions—like, which is it, carrying cost or holding cost? How is Carrying Cost Used?

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Locus

JUNE 16, 2023

Read also: How to Calculate the Cost of Transport 2. Reverse logistics costs: Returns and product replacements significantly impact operational costs. When a consumer decides to replace a product, logistics companies bear the costs of both reverse logistics and re-delivery, placing further strain on last-mile logistics costs.

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Ship Monk

SEPTEMBER 6, 2022

One of the most irksome tasks of owning an eCommerce business is keeping track of inventory—not just the number of units, but their costs. Of course there are eCommerce fulfillment software and inventory management systems that can do this for you, but every business owner should know the basics of inventory accounting methods.

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Ship Monk

JULY 28, 2022

Any eCommerce business that manufactures goods has three different types of inventory at any given time: Raw Materials Inventory , Work in Process Inventory , and Finished Goods Inventory. This article will show you the difference between these types of inventory and how to calculate Work in Process inventory. to make the hats.

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Locus

MAY 2, 2023

To get an answer to this question, we connected with Rajiv Perumal , Vice President of the Product team at Locus, for an InFocus Masterclass webinar this week. As time passed, retailers like Walmart came into the picture, selling all products of all brands under one roof. Schedule a demo with us!

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Ship Monk

APRIL 11, 2024

April is tax time, which makes this a good time to bring up the topic of ecommerce sales tax. ecommerce stores. That’s because ecommerce businesses need to do their taxes with every sale they make. ShipMonk is an ecommerce 3PL that partners with hundreds of ecommerce clients of all shapes and sizes. What is Nexus?

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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? And how much can you really gain from joining forces with them? And how much can you really gain from joining forces with them? Skeptical about handing your eCommerce business to a bunch of strangers?

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EazyStock

DECEMBER 13, 2021

This will give you an additional buffer of stock, in case a delivery is late or you have an unexpected surge in sales or additional production run. Similarly, you may want to increase eCommerce prices across your digital channels to lower demand and avoid showing ‘out-of-stock’.

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Ship Monk

DECEMBER 27, 2023

Most ecommerce businesses process far more than 1,000 orders per year. Ecommerce orders are filled by pickers, workers who move through the warehouse where the inventory is stocked and collect each of the items in the order. If your fulfillment center’s accuracy rating was 98%, you’d think that was pretty good, wouldn’t you?

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Ship Monk

JULY 21, 2022

What eCommerce owner wouldn’t love a perpetual flow of products guaranteed to never run out? Well, a perpetual inventory system does constantly monitor the flow of products in and out of your warehouse, but there’s a bit more to managing the inventory than that. Product teams can track fast or slow-moving items.

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Ship Monk

DECEMBER 15, 2023

Will the huge growth in ecommerce sales continue, or will the numbers fall back to “normal” pre-pandemic levels? Mature ecommerce businesses use every source of data they can get their hands on, from shopping platform analytics to inventory and fulfillment platforms. What were your best-selling products? Opinions on this vary.

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Ship Monk

AUGUST 8, 2022

Any company that sells a product carries merchandise inventory with costs that need to be tracked. A watchmaker then purchases these gears and transforms them into beautiful end-product watches. Only the finished watches available for sale on the watchmaker’s eCommerce website are counted as merchandise inventory.

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Ship Monk

NOVEMBER 30, 2023

When you’re driving a car down the road, you have to keep your eye on a few things: how much gas is in the tank, how fast you’re going, whe-ther or not you left the blinker on, to name a few. Now if only you had a dashboard to keep your ecommerce business running. Well, guess what? So, what’s on your dashboard?

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Ship Monk

MAY 19, 2022

Out of stock means there is no inventory currently available for a product and the manufacturer does not have a planned date for resupply. On the back end, things become a little trickier because products that can and can’t be backordered may be stocked next to each other. Should You Offer Backorders? What Causes A Backorder?

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Ship Monk

FEBRUARY 9, 2024

As the holiday shopping season reaches its peak, ecommerce business owners everywhere are crossing their fingers, hoping they have enough product in stock and that they didn’t order too much. In a few short weeks they’ll find out just how accurate their demand forecasting method was. Furthermore, no method is 100% accurate.

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Locus

SEPTEMBER 27, 2022

This is why the mobile-first and cloud-first approach of Bukalapak has been a large factor for its success, as consumers enjoy an endless and wide assortment of products that is not possible in physical stores. How O2O E-commerce is empowering Indonesia’s Mom and Pop stores. Schedule a Demo.

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Logistics Business Magazine

MARCH 30, 2022

Distance and time zone were not a problem for the teams, who shared information, demos, results and questions through online meetings on a weekly basis from November 2021 to March 2022. It also discussed the stages before and after packaging, for example by examining the end-of-life stage for packaging and products.

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Locus

DECEMBER 15, 2022

Everything goes smoothly, and the product is out for delivery on the correct day. Most small eCommerce and delivery firms rarely have the resources to manage delivery exceptions. How to respond to delivery exceptions? It is how a brand responds to it that determines, if delivery exceptions are countered successfully.

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Ship Monk

FEBRUARY 8, 2023

Most ecommerce business owners have a few key performance indicators (KPIs) that they track daily, if not hourly. But there are a host of other metrics and KPIs on the operations side that have just as great an impact on the profitability of your ecommerce business. It tells you at a glance how you’re doing at meeting that goal.

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Ship Monk

MARCH 2, 2023

In fact, worrying about your products arriving safe and sound to their destinations—whether they be residential doorstep or commercial—is one of the most stressful aspects of online entrepreneurship. So let’s talk floor-loaded and palletized shipping, their pros and cons, and how to choose between the two! Have you ever played Tetris?

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