Ship Monk

SEPTEMBER 19, 2022

By itself, carrying cost may not tell you much, but when tracked over time it can identify trends that affect your bottom line. Talk to your 3PL fulfillment provider, or warehouse manager to see if they are doing everything possible (like optimized slotting ) to reduce picking and packing costs. How Can ShipMonk’s 3PL Software Help?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

WorkWave

NOVEMBER 6, 2023

In this blog post, we will delve into the intricacies of order management, the role of an Order Management System (OMS), what happens after checkout and how to master your order management strategy with the help of cutting-edge order management systems and order management software. Schedule your free demo today.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Ordering 52

Ship Monk

JULY 27, 2022

Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! Demand forecasting helps you: Optimize inventory Align with your operational strategy Analyze demographic and product trends Surprise and delight customers Protect yourself against financial risks Prepare for peak season.

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

EazyStock

OCTOBER 20, 2020

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. In this post we’ll look at 6 inventory control techniques that will specifically show you how to control your stock levels, help you optimize your inventory and maximize profits. Schedule a Demo.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Ship Monk

FEBRUARY 9, 2024

Demand forecasting is the process of estimating how many units of each product you’ll need to cover demand for a given sales period, without running out of stock or having to take excessive post-holiday markdowns. Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them.

eCommerce 84

eCommerce Inventory Reduction Operations Modeling Software 84

Ship Monk

FEBRUARY 8, 2023

Warehouse workers and advanced robots work side by side as orders are prioritized, picked, packed, and loaded onto trucks. Metrics and KPIs can (and should) be established to identify bottlenecks in the process, positive and negative trends, areas that are improving, and areas that need improvement.

Optimal Sourcing 59

Optimal Sourcing Operations Optimization Software Inventory Reduction 59

Ship Monk

NOVEMBER 30, 2023

Start Tracking Metrics Now Tracking ecommerce metrics can help you better understand how and why your ecommerce business is (or isn’t) growing. It helps you identify trends, seasonality, and business cycles as you watch those numbers increase or decrease. It helps you maintain safe inventory levels to avoid stockouts or overstocks.

Procurement Analytics 64

Procurement Analytics eCommerce Procurement Solutions Manufacturing Procurement 64