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Top Ecommerce Metrics to Track

Ship Monk

They’re called metrics, a set of constantly changing numbers and percentages that tell you how you’re doing from one day to the next. There are dozens of metrics you could track, but some are so important you should check them frequently. These are the metrics you want on your dashboard. What is a Metric?

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SONAR Indices & Insights: Improve Freight Shipping Procurement with SONAR SCI’s Lane Acuity Plus

FreightWaves SONAR

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

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Customer Relationship Management for Ecommerce Brands

Ship Monk

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.

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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Besides, today’s inventory management systems make tracking inventory costs much simpler. When combined with the reporting capabilities of a tech-forward fulfillment provider , the numbers you need are easily accessible. If carrying costs are 20 – 30% of your total inventory costs, what makes up the other 70 – 80%?

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How to Avoid Stockouts with Better Inventory Management

EazyStock

Help Avoid Stockouts with a Simple Risk of Stockout Report. For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. If demand and lead times are consistent, you could update your report once a week, maybe less. Start simple by working out your ‘number of stock days’.

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How to Become a Handyman: 5 Steps To Get You Started

WorkWave

If you’re wondering how to become a handyman, the following steps will give you a better idea of how you can launch your career in the field service industry. For example, if you work on existing structures, you must pass an exam and get a Residential Building Remodeler License. Table of Contents [Open] [Close] 1.

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What is Work in Process Inventory (WIP)?

Ship Monk

This is important because inventory is considered an asset, and its value must be calculated at the end of every accounting period for financial reporting. This article will show you the difference between these types of inventory and how to calculate Work in Process inventory. How to Calculate Inventory Assets.