Ship Monk

JULY 21, 2022

Perpetual inventory. 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. What is a Perpetual Inventory System?

Inventory 52

Inventory Logistics Network Optimization Software eCommerce 3PL 52

Ship Monk

AUGUST 8, 2022

Any company that sells a product carries merchandise inventory with costs that need to be tracked. Not only will tracking inventory costs help you prevent stockouts, avoid backorders , and optimize inventory ordering costs, it can also help you quickly identify rising costs that directly impact your bottom line. finished goods).

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Purchasing Skills 52

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.

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Ship Monk

FEBRUARY 17, 2024

Learn All about Ecommerce Logistics and Fulfillment Of all the many things you do as an ecommerce brand owner, logistics and fulfillment are often afterthoughts — as in, let’s worry about that after the orders start coming in. Yet, like it or not, you find yourself spending a disproportionate amount of time on those two things.

3PL 84

3PL Logistics Network Optimization Software eCommerce Supply Chain Software 84

Conger

JULY 22, 2021

This is the complete guide to eCommerce warehouse management systems. In it, you’ll learn: What eCommerce is. What eCommerce warehouse management systems are. The 11 best eCommerce warehouse management systems. What is eCommerce? What’s an eCommerce Warehouse Management System? What is eCommerce?

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software eCommerce Logistics Network Optimization Software 52

Ship Monk

JULY 27, 2022

For an eCommerce business owner, the answer is obvious: How the heck do I get a handle on my inventory management ?! Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! How often does inventory need to be replenished? What is Demand Forecasting?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Ship Monk

NOVEMBER 14, 2022

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. Ecommerce growth is expected to be up about 2.5% 4 Reassess Any Issues Within Your Current Ecommerce Operations. Fruitcake.

eCommerce 52

eCommerce Material Savings Inventory Reduction Cost Reduction 52

EazyStock

DECEMBER 13, 2020

Optimize Inventory. Start with a detailed overview of what inventory is currently in your supply chain. Having a transparent and detailed account of what inventory you are currently holding will help you optimize your inventory levels while allowing you to be responsive to market demand.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

EazyStock

DECEMBER 13, 2021

Many inventory management teams are looking for ways to avoid stockouts, as they can cause problems across the entire organization. However, there are steps you can take to improve your inventory management processes and be better prepared to prevent regular stock availability crises in your business. Demand forecasts. Lead times.

Inventory 52

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Ship Monk

NOVEMBER 21, 2022

You’ve done the hard work of building your startup into a successful ecommerce business. The good news is that there’s an easy formula ecommerce businesses can use to calculate the optimum reorder point for each SKU in your product line. The last thing you want is to run out of your bestsellers, but how do you know when to order more?

How To 52

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Ship Monk

DECEMBER 22, 2022

When you’re first starting an ecommerce business, packing and shipping your products is the easy part, after you’ve done all the hard work of developing, producing and marketing a product. Many ecommerce business owners start with direct fulfillment thinking that it’s something they can easily manage on their own.

Modeling Software 52

Modeling Software Logistics Network Optimization Software Supply Chain Software Inventory Reduction 52

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! Skeptical about handing your eCommerce business to a bunch of strangers?

Logistics Network Optimization Software 52

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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. Did you run out of inventory? Opinions on this vary.

Purchasing Skills 64

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Logistics Viewpoints

SEPTEMBER 25, 2023

the supply chain realm, Oracle added some healthcare functionality that allows for using a mobile device to better track inventory statuses. In hospitals inventory tends to be stored in all sorts of nooks and crannies across the facility. The Supply Chain Command Center product demos beautifully.

Supply Chain Software 131

Supply Chain Software Food and Agriculture Logistics Network Optimization Software Inventory Reduction 131

EazyStock

DECEMBER 21, 2022

Inventory demand forecasting is how companies predict customer demand for an inventory item over a defined period. Accurate inventory demand forecasting enables a company to hold the right amount of stock, without over- or under-stocking, for optimum inventory control. What is demand forecasting?

Modeling Software 52

Modeling Software Optimization Software Inventory Reduction Optimization Modeling 52

Ship Monk

AUGUST 11, 2022

If you can believe it, an eCommerce package follows a similar arc, where the final moments of its journey have the power to make all the difference. Clearly, those are big numbers, and as an eCommerce business owner, you know that customer satisfaction is the most vital metric for growing your company and boosting your social proof !

Negotiating Skills 52

Negotiating Skills Purchasing Skills eCommerce Inventory Reduction 52

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?

eCommerce 77

eCommerce Tips Purchasing Skills Procurement Solutions 77

EazyStock

DECEMBER 21, 2022

Inventory demand forecasting is how companies predict customer demand for an inventory item over a defined period. Accurate inventory demand forecasting enables a company to hold the right amount of stock, without over- or under-stocking, for optimum inventory control. What is demand forecasting?

Modeling Software 52

Modeling Software Optimization Software Inventory Reduction Optimization Modeling 52

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. Not all eCommerce brands offer backordered items for sale. Insufficient Safety Stock – Safety stock is the excess inventory you keep on hand in case of an emergency. What Causes A Backorder?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Logistics Network Optimization Software 52

Ship Monk

SEPTEMBER 27, 2022

When you think about eCommerce order fulfillment , from checkout to delivery, there are about a million things that have to happen perfectly to ensure an order is fulfilled accurately and received on time. As an eCommerce fulfillment company , our goal is 100% accuracy. How eCommerce Order Tracking Works. No mistakes, ever.

Supply Chain Planning Software 52

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Ship Monk

NOVEMBER 30, 2023

Now if only you had a dashboard to keep your ecommerce business running. Today we’re going to help you pick the most important metrics for each area of your ecommerce business. We recently covered KPIs for Ecommerce Businesses in another blog post. Well, guess what? These are the metrics you want on your dashboard.

Procurement Analytics 64

Procurement Analytics eCommerce Procurement Solutions Manufacturing Procurement 64

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 truth, demand forecasting, or estimating how much product you’ll sell in the future, is one of the toughest challenges for any ecommerce business.

eCommerce 85

eCommerce Inventory Reduction Operations Modeling Software 85

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?

eCommerce 64

eCommerce Inventory Reduction Waste Reduction Cost Reduction 64

Ship Monk

MAY 25, 2023

What do we mean by distributed inventory? Well, if you’re familiar with Amazon’s practice of adding warehouses all over the country, then you’re familiar with the concept of distributed inventory. Splitting inventory across multiple warehouses used to be something that only huge retailers like Amazon could afford.

Inventory Reduction 52

Inventory Reduction Inventory eCommerce Distribution 52

Locus

JUNE 16, 2023

Invest in technology and automation: Investing in the latest technology can revolutionize inventory management, enable real-time tracking , and facilitate quicker decision-making. This eco-friendly approach can significantly cut costs while also bolstering the company’s sustainability credentials.

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

Ship Monk

NOVEMBER 3, 2022

Successful, scalable eCommerce order fulfillment hinges on efficient pick and pack warehouse operations. The faster the fulfillment center or 3PL (third party logistics company) can pick, pack and ship, the faster your eCommerce business can grow. Find out exactly what goes on after you hit that “buy” button. The Pick and Pack Process.

Packing 52

Packing Logistics Network Optimization Software eCommerce Picking 52

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. Inventory moves in and out of warehouses, on and off shelves.

Optimal Sourcing 59

Optimal Sourcing Operations Optimization Software Inventory Reduction 59

Locus

MAY 25, 2022

The increasing demand for fast shipping has accelerated the need for brands to bring inventories closer to customers. Try a demo with Locus now! Schedule a Demo. . – Retail speaks: Seven imperatives for the US retail industry, Mckinsey, 2020. – Important delivery criteria in the U.S. 2021, Statista.

Sourcing Strategies 52

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Locus

SEPTEMBER 17, 2021

Its real-time insights on customer demand, logistics data and inventory management enables frontline managers to quickly respond to the changes in customer demand. In order to process these large inventories quickly, real-time access to the current status of jobs is essential. Improve real-time tracking abilities. Share and Enjoy !

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 52

Ship Monk

OCTOBER 30, 2023

One of the biggest decisions you have to make as a new ecommerce business is how you’re going to fulfill (i.e., How do you decide which option is best for your ecommerce brand? When you outsource fulfillment operations to a 3PL, you store your inventory in their fulfillment centers, not yours. You only pay for the space you use.

3PL 64

3PL Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 64

Ship Monk

JUNE 16, 2022

When eCommerce businesses or fulfillment centers use the term “slotting,” they’re referring to a method of organizing inventory in a warehouse to optimize fulfillment operations. The eCommerce businesses that sell direct to consumers (DTC) store their products in warehouses or third party logistics (3PL) fulfillment centers.

Cost Reduction 52

Cost Reduction Inventory Reduction Resource Reduction eCommerce 52

Ship Monk

MARCH 2, 2023

Choosing Between Floor-Loaded Shipping and Palletized Shipping Like with most aspects of fulfillment, choosing between floor-loaded and palletized shipping really comes down to what works best for your type of ecommerce business. UPS will accept your ecommerce business’s unpalletized shipment, but only if you use their in-house service.

Material Savings 52

Material Savings eCommerce Cost Reduction Inventory Reduction 52

PINC

NOVEMBER 22, 2019

With nearly 4 million retail stores and eCommerce websites to support, their supply chain and logistics processes must be as efficient as possible. A digital yard management system can help your company move inventory faster throughout the entire supply chain. Contact PINC for a Yard Management Demo.

Supply Chain Software 52

Supply Chain Software Waste Reduction Efficiency Automation 52

PINC

NOVEMBER 21, 2019

With nearly 4 million retail stores and eCommerce websites to support, their supply chain must be as efficient as possible. Our aerial inventory robots are an investment in value-driven innovation, making the process easier and more efficient from the first day to the end of the project. Contact PINC for a Yard Management Demo.

Optimization Software 52

Optimization Software Efficiency Supply Chain Software Waste Reduction 52

Ship Monk

MAY 31, 2022

While migrating your inventory to a new distribution center isn’t easy, it’s definitely the right thing to do if your existing fulfillment company lacks the resources to scale their services to meet your needs. ShipMonk has been migrating eCommerce companies of all shapes and sizes to our fulfillment centers for years.

Inventory Reduction 40

Inventory Reduction 3PL Resource Reduction Cost Reduction 40

Blue Grace Logistics

JANUARY 10, 2023

Ecommerce sales rose swiftly during the pandemic, significantly increasing demand in the less-than-truckload (LTL) space. More than 70% of shipper survey respondents are currently both replenishing inventory and trying to meet demand. Book a Demo. Learn how shippers are rethinking LTL freight management. The LTL demand surge.

Material Savings 62

Material Savings Price Reduction Purchasing Skills Cost Reduction 62