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Demand Forecasting 101: Everything eCommerce Businesses Need to Know

Ship Monk

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! If you had a crystal ball, what is the first thing you would ask? What is Demand Forecasting?

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Black Friday & Cyber Monday Prep: A Checklist for Ecommerce Business Owners

Ship Monk

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% 2 Analyze Your Past Data and Compare It to Current Trends. Slice of cake.

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Do Shopping Trends Drive Singles’ Day Sales?

Locus

Trends likely to drive Singles’ Day sales. Supply chain transparency and low-emission transportation are some of the many emerging trends that retailers are adopting to stay ahead of the game. DispatchIQ is Locus’ AI-driven delivery route optimization solution that plans daily dispatches by intelligent clubbing of orders.

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Bringing Order to Chaos: Last-Mile Delivery Costs and How to Reduce Them

Locus

Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. A recent analysis by the American Trucking Associations (ATA) indicates that if existing trends persist, we could see a potential driver shortage reaching up to 175,000 by 2024. Read also: Tackling Vehicle Idling in Last-Mile Logistics 4.

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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

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? So what exactly is holding cost?

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How do you forecast lumpy demand?

EazyStock

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Enterprise Resource Planning systems (ERP), Warehouse Management Systems (WMS), and eCommerce platforms can offer a certain level of forecasting. It also reduces the need for you to be a statistical whizz.

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5 more truckload shipping strategies for enterprise shippers

FreightWaves SONAR

According to Supply Chain 24/7 , “If 2020 taught us anything, it demonstrated that to succeed, maximize resilience, and ensure business continuity, companies need to maximize every available channel – ecommerce, direct-to-consumer, retail and distributors. Utilization of truckload shipping tools and processes to optimize freight movements.