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Customer Relationship Management for Ecommerce Brands

Ship Monk

Legacy Customer Relationship Management (CRM) software systems, such as Salesforce, were originally developed to help sales teams funnel and track potential customers through long sales pipelines, from generating leads to closing the sale, then supporting and maintaining the customer relationship. What is CRM Software?

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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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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. Get Started With the Right Tools 1. For example, if you work on existing structures, you must pass an exam and get a Residential Building Remodeler License.

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How to Calculate and Apply ABC Classification of Inventory

EazyStock

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Before you can calculate carrying cost, you’ll need to calculate the following numbers: Opportunity Cost: This is the amount of capital (cash) you have tied up in unsold inventory that could have been invested elsewhere (on more profitable products, for example). How Can ShipMonk’s 3PL Software Help?

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How to Avoid Stockouts with Better Inventory Management

EazyStock

Unfortunately there’s no easy solution to the deal with the current global supply chain problems and avoid stockouts altogether. 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. Using Software to Predict when Stockouts will Occur. Hold stock back for key accounts.

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How to Improve Inventory Turnover with Inventory Optimization

EazyStock

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. When looking to improve inventory turnover, it’s important that inventory planners and purchasers only order items that have a demand in the marketplace.