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! Ask yourself the following: What are my daily order patterns? What is Demand Forecasting?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Ship Monk

JUNE 2, 2022

FORT LAUDERDALE, FL – Today, ShipMonk announced the launch of a new strategic partnership and direct integration with Gorgias , the leading help desk platform for high-growth eCommerce brands. Leading hyper-growth eCommerce brands like Brumate and Ekster currently leverage both services. About ShipMonk. About Gorgias, Inc.

Logistics Network Optimization Software 52

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Locus

JUNE 16, 2023

Among these, clothing retailers had the highest percentage, with 88% of consumers opting to return their orders. These high costs, coupled with a steep increase in the volume of last-mile orders, underscore the need for reducing delivery costs to adapt to consumer demand shifts and safeguard profit margins.

Cost Reduction 98

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Ship Monk

MARCH 23, 2023

If you want to strike fear into the heart of an ecommerce business owner, say the words, “inventory discrepancy.” Unfortunately, inventory discrepancies are a common occurrence in many ecommerce businesses and fulfillment warehouses. We know this, because they’re usually the reason ecommerce businesses turn to us for help.)

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Ship Monk

OCTOBER 3, 2022

When you place an online order for a new pair of dancing shoes, you don’t really think about how those shoes are going to get to you. Of course, if you want more specifics you can always track the order using the tracking number you received when the order shipped. All you really care about is the estimated delivery date.

Logistics Network Optimization Software 52

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Ship Monk

SEPTEMBER 14, 2022

There are a lot of accounting terms thrown around when describing eCommerce inventory: merchandise inventory , WIP inventory , ending inventory , and beginning inventory to name just a few. For an eCommerce business, inventory is your most valuable asset (at least in terms of bookkeeping) and also one of your largest costs.

Inventory Reduction 80

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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. Millions of orders are delivered every day, seamlessly meeting customer expectations. Take ShipMonk, for example.

Supply Chain Planning Software 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

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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

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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? 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? Cross-border orders represented 15% of all global orders. Mature ecommerce businesses use every source of data they can get their hands on, from shopping platform analytics to inventory and fulfillment platforms.

Purchasing Skills 64

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Logistics Viewpoints

SEPTEMBER 25, 2023

If an Oracle retailer – outside grocery where Uber already has a solution – is using Oracle Retail Cloud, they can support ecommerce and omnichannel solutions for consumers with minimal effort. The order management system now must account for not just the sale of the product, but the details and timing of the related services.

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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 last thing you want is to run out of your bestsellers, but how do you know when to order more? If you order too late, you may run into supply chain issues or have an unexpected surge in demand that you can’t fulfill.

How To 52

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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? So what exactly is holding cost?

Inventory Reduction 52

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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?

eCommerce 79

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

Inventory 64

Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

Ship Monk

JULY 21, 2022

What eCommerce owner wouldn’t love a perpetual flow of products guaranteed to never run out? In this blog we’re going to explain what a perpetual inventory system does, the difference between it and other inventory systems, and why it’s the ideal solution for omnichannel eCommerce businesses. Perpetual inventory.

Inventory 52

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Ship Monk

AUGUST 8, 2022

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. Only the finished watches available for sale on the watchmaker’s eCommerce website are counted as merchandise inventory.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Purchasing Skills 52

Ship Monk

MARCH 11, 2024

What can ecommerce businesses do to leverage this power? That, in a nutshell, is why ecommerce businesses cannot afford to ignore the importance of social proof. Conformity bias is what makes the fashion industry tick, and many ecommerce businesses benefit from it. What do we have to gain by helping ecommerce businesses grow?

eCommerce 92

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Stord

MARCH 1, 2022

Ecommerce Operations Technology Summit When: April 12-13, 2022 Where: Orlando, FL What: The Ecommerce Operations Technology Summit focuses on highlighting the innovations and technologies that are tackling today’s operational challenges in order to achieve success tomorrow. Register to attend the show here !

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Supply Chain Software Events Supply Chains Industry 60

Ship Monk

NOVEMBER 30, 2023

A quick glance at your dashboard tells you everything you need to know in order to keep moving safely. 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. Well, guess what? So, what’s on your dashboard?

Procurement Analytics 64

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Ship Monk

DECEMBER 27, 2023

Far more orders are being processed, but each mistake costs more. A 98% accuracy rate means that 2 out of every 100 customers are unhappy and 20 out of every 1,000 orders are inaccurate. Most ecommerce businesses process far more than 1,000 orders per year. But consider this. Naturally, we’ve got a few ideas!

eCommerce 64

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Ship Monk

MAY 19, 2022

A backordered item is one that is not in stock now, but will be once an already-ordered supply refresh arrives. On the front end, if an item is out of stock customers cannot order it. Meanwhile, with a backordered item, customers typically can order the item, understanding (based on vendor notes) that the item will not ship right away.

Supply Chain Planning Software 52

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Blue Grace Logistics

DECEMBER 15, 2022

With eCommerce order volumes and consumer demands high and continuing to rise, shippers have turned to LTL in lieu of truckload freight to meet these needs. According to eMarketer, US retail eCommerce sales are expected to increase another 14.8% Book a Demo. Preparing For Greater Demand. Our survey showed that 54.7%

Optimal Sourcing 62

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Locus

MAY 2, 2023

Low shipping fee: Customers prefer brands that offer lower shipping fees, making it more cost-effective for them to receive their orders. Multiple fulfillment options: Customers want brands to give them numerous fulfillment choices of when, where, and how orders should be delivered. Schedule a demo with us!

Eliminating Excel in Purchasing 52

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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.

eCommerce 87

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Logistics Business Magazine

APRIL 26, 2022

The company, with European headquarters in the Netherlands, will run live demos of its solution with HAIPICK A42 robot at the tradeshow in Italy (Booth C11/D12 Hall 10), which sees rising demand for more flexible and cost-efficient Goods-to-Person order-picking solutions as e-commerce grows fast in recent years.

Automation 57

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Locus

AUGUST 10, 2022

These included: Smart order allocation, order scheduling and assignment, dispatch management, intensive capture of data points, and cash collection management. Locus worked with Shyft to build its Order Management System and Warehouse Management Systems modularly so that Shyft could provide its end-users a seamless experience.

Optimization Software 52

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Locus

FEBRUARY 16, 2023

Automated Order Management A good dispatch management software must provide comprehensive order management, including managing order information, tracking order status in real time, and generating invoices. Why Augment Your E-commerce Warehouse Management Software with a Dispatch Management Solution?

Optimization Software 52

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Locus

MAY 2, 2023

Initially, Jüsto carried out its last-mile fulfillment, right from order allocation to route planning to final delivery, manually. Thirdly, Jüsto wished to enhance the customer experience with accurate estimated time of delivery, and real-time order tracking. The second priority was to bring more automation to existing processes.

Cost Reduction 52

Cost Reduction Price Reduction Purchasing Skills Logistics Network Optimization Software 52

Locus

MAY 25, 2022

During the 2000s, the standard delivery time in the US for an e-commerce order was 8-10 days. The most basic thing a customer expects from you is to fulfill their orders on time. Around two decades back, when customers received orders, there were only two options: standard delivery and urgent delivery. 2021, Statista.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

Locus

DECEMBER 15, 2022

Say, you are operating a small e-commerce business and have received an order that must be delivered in three days. If you’re getting continuous WISMO (Where Is My Order) calls in this manner, it is definitely bad news. Now you are staring at an order cancellation and refund. Delivery Order Incomplete. Custom Delays.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Procurement Analytics 52

EazyStock

DECEMBER 13, 2021

A basic risk of stockout spreadsheet can be easily set up using the following data: Current stock items, items on order and in transit. In a dynamic sales environment with orders changing more often, this would need to be done as often as possible. Restrict ordering/sales of ‘at risk’ items. Demand forecasts. Lead times.

Inventory 52

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Ship Monk

NOVEMBER 3, 2022

Successful, scalable eCommerce order fulfillment hinges on efficient pick and pack warehouse operations. The heart of any fulfillment center, pick and pack is the process of filling an online order, from the moment the order is received to the moment a shipping carrier loads it onto a truck destined for the customer’s front door.

Packing 52

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Locus

SEPTEMBER 14, 2021

On the basis of 50+ business variables ranging from order type to the logistics resources available, Locus Orchestration’s intelligent order allocation engine recommends a list of the most suitable carriers from its extensive and trusted carrier network in real-time. Have eyes on the ground, always. Share and Enjoy !

Negotiating Skills 52

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Locus

FEBRUARY 7, 2022

The rest of it is then spent in assigning new orders, handling returns, and calling delivery executives to track their progress and fix any problems. Its dynamic algorithms ensure that orders are scheduled optimally through vehicles and routes that take into account 280+ constraints. Share and Enjoy !

Optimization Software 52

Optimization Software Optimization Automation Logistics Network Optimization Software 52

EazyStock

DECEMBER 13, 2020

Digitalized supply chains also ensure data accuracy and centralize information for transparency – doubly important for businesses expanding into eCommerce. Inventory optimization software can also help by automatically producing forecasts and updating planning parameters like order quantities, reorder points and safety stock levels.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98