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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! 1 Market Research – Market research gathers crucial customer data by means of surveying.

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Managing the Realities of the “New Normal” LTL Shipping Environment

Blue Grace Logistics

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. So, to learn more about these challenges and how companies are addressing rate increases, capacity restraints, and other issues, we sponsored a survey. Here’s what we learned.

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Importance of Social Proof in Ecommerce

Ship Monk

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?

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Demand Forecasting: How It Enhances Ecommerce Operations

Ship Monk

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.

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How to Avoid Fulfillment Mispicks in Ecommerce

Ship Monk

Back in 2013, in a survey of 250 supply chain executives, more than half of them reported picking error rates of 3-4%, with each mistake costing the company an estimated $22. Most ecommerce businesses process far more than 1,000 orders per year. But let’s take a look at accuracy. But consider this. Naturally, we’ve got a few ideas!

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

Locus

A survey states that 82% of shippers rely on third-party providers to procure capacity for at least some of their orders. Schedule a demo with us! Until they gain a larger audience base, many businesses partner with third-party providers to fulfill their products. Are you looking to simplify multi-carrier delivery management?

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Last Mile Maturity Report: Elevate customer experience, outrun rivals 

Locus

Locus one-of-a-kind last mile maturity assessment survey provides a business-tailored extensive report that touches upon five major aspects of last mile operations: customer experience, analytics, last mile excellence, workforce empowerment, and sustainability. This is what prompted businesses to fill out the Last Mile Maturity Assessment.