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What Does a 3PL Do?

Ship Monk

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. Once shipped, the ecommerce client is notified of any shipping delays or issues that need their attention.

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Economic Order Quantity (EOQ) Formula for eCommerce Inventory Management

Ship Monk

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. Let’s say your eCommerce business makes cotton baby blankets. If you outsource fulfillment, your 3PL should be able to help you with their portion of this number. For this eCommerce company, placing 4 orders per year (i.e.

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What is Work in Process Inventory (WIP)?

Ship Monk

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. If your eCommerce business makes and sells hats, for example, you purchase raw materials such as fabric, thread, leather, ribbon, etc.

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How to Ensure Effective Third-Party Deliveries and Excellence in Your E-commerce Logistics Operations

Locus

We see many debates going around on whether businesses should make use of owned or outsourced fleets. But how do they ensure effective third-party deliveries and excellence in their e-commerce logistics operations, given that they outsource last-mile logistics to third-party providers? Schedule a demo with us!

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What Are Reorder Points and How to Calculate Them

Ship Monk

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. Ecommerce businesses of all sizes can use reorder points to optimize inventory levels.

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Everything You Need to Know About Direct Fulfillment

Ship Monk

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.

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With Great Volumes Comes Great Uncertainty: A Guide to Navigating Peak Season 2021

Locus

Negotiating uncertainties is still the name of the game, and in a quest to meet the same-day delivery expectations of customers, retailers rolled out omnichannel capabilities in record time last year. Fuelled by e-commerce, leading carriers are expecting a massive crunch in capacity to meet the overwhelming demand expected in 2021.