Ship Monk

FEBRUARY 3, 2024

One of the greatest benefits of owning a direct-to-consumer (DTC) ecommerce business is that you get to form a direct connection with your customers. So, how do you nurture this relationship and make the most of it? All ecommerce businesses should be engaging in targeted advertising. With any relationship, communication is key.

eCommerce 81

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 81

Ship Monk

JUNE 8, 2022

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. There are many different models for forecasting inventory , and plenty of textbooks written on the subject. Let’s say your eCommerce business makes cotton baby blankets. How to Calculate Setup Costs.

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EazyStock

FEBRUARY 11, 2021

Better Inventory Management for eCommerce. eCommerce is a rapidly growing phenomenon across the globe. Statista projects that eCommerce sales will surpass $740 billion in the US by 2023. B2B ecommerce sales have also accelerated; Forrester projects that 17% of all eCommerce sales in the US will be B2B by 2023.

Inventory Reduction 52

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Ship Monk

SEPTEMBER 19, 2022

Remember when you were managing your eCommerce business out of your garage? Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. What is Inventory Holding Cost? Carrying costs typically average as much as 20 – 30% of the total cost of inventory.

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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. This article will show you the difference between these types of inventory and how to calculate Work in Process inventory.

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Inventory Manufacturing Procurement Purchasing Skills eCommerce 64

Ship Monk

JUNE 5, 2023

Anyone who owns an ecommerce brand has unwittingly been through a crash course in ecommerce logistics. They start out by handling fulfillment manually, but quickly learn that speed, efficiency, accuracy, partnerships, and scalability are essential to the success of their ecommerce business. Who Manages Ecommerce Returns?

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Ship Monk

FEBRUARY 13, 2024

Knowing everything I know about dimensional weight and ecommerce shipping, I should have shipped it directly to his house. And how in the world did that ecommerce company manage to ship it to me for nothing? Today, we’re going to discuss how package weight affects ecommerce shipping rates. Let’s get started!

eCommerce 87

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Ship Monk

DECEMBER 5, 2022

Does it feel like your ecommerce business should be more profitable than it is? One of the most common mistakes direct-to-consumer (DTC) ecommerce brands make is failing to understand and track their true costs, a.k.a. Stick with us and you’ll learn how to calculate landed cost — and how this number affects your profitability.

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Ship Monk

AUGUST 2, 2023

You decide to launch an ecommerce store to sell this idea because it’s the greatest idea ever and can’t possibly fail. Part of the process is doing your homework and identifying your ecommerce niche. What is an ecommerce niche? What is an Ecommerce Niche? Let’s assume you’re an entrepreneur with a great idea. Loungewear?

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Ship Monk

JULY 26, 2023

Having a great product is key to ecommerce success, but so is making sure it gets to customers safely. However, while shipping companies will vary in terms of their policies, with ShipMonk, ecommerce clients don’t have to stress about keeping their packages safe because we have MonkProtect.

eCommerce 52

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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? The good news is that there’s an easy formula ecommerce businesses can use to calculate the optimum reorder point for each SKU in your product line.

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Ship Monk

AUGUST 8, 2022

Any company that sells a product carries merchandise inventory with costs that need to be tracked. 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. finished goods).

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Kanban Logistics

JUNE 25, 2020

As a fulfillment provider, we receive many questions about eCommerce fulfillment costs. Specifically, how to make them lower. eCommerce fulfillment costs: what do you need to pay for? eCommerce fulfillment costs: what do you need to pay for? How to reduce eCommerce fulfillment costs with a 3PL.

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Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

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Ship Monk

SEPTEMBER 12, 2022

As an eCommerce business owner, what goes inside your boxes is just as important as what goes outside, i.e. the shipping label that provides pivotal information about what is being shipped, how it is being shipped, where it’s going, and who it’s going to. Q: How to Make a Shipping Label and How to Print a Shipping Label?

eCommerce 52

eCommerce Ordering Logistics Network Optimization Software Supply Chain Software 52

EazyStock

DECEMBER 13, 2021

Many inventory management teams are looking for ways to avoid stockouts, as they can cause problems across the entire organization. However, there are steps you can take to improve your inventory management processes and be better prepared to prevent regular stock availability crises in your business.

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Conger

JULY 22, 2021

This is the complete guide to eCommerce warehouse management systems. In it, you’ll learn: What eCommerce is. What eCommerce warehouse management systems are. How to choose the right system for you. The 11 best eCommerce warehouse management systems. What is eCommerce? What is eCommerce?

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Ship Monk

JANUARY 27, 2023

While “going with it” is an acceptable strategy for some areas of the holidays; it’s not a strong plan for ecommerce brands during peak season. Get Faster Shipping Options Peak season is when ecommerce brands of all sizes across all verticals feel the most pressure to deliver on the delivery front. Reduce Cart Abandonment 2.)

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Ship Monk

JANUARY 30, 2023

If you’ve read PART 1 of our Ultimate Ecommerce Merchant Guide then you are halfway through absorbing the best lessons any entrepreneur can learn from the previous peak season, and are primed with the right knowledge to restructure for a stronger 2023. Welcome to the ecommerce party! And if you haven’t read PART 1, no worries.

eCommerce 52

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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! How often does inventory need to be replenished?

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Ship Monk

NOVEMBER 22, 2022

Ecommerce businesses depend on 3PL fulfillment companies and shipping carriers to make good on their promises to customers. The way your ecommerce business responds when things don’t go according to plan defines your business, for better or worse, in the eyes of your customer. But what happens when something goes wrong?

eCommerce 52

eCommerce Ordering Material Savings Supply Chain Planning Software 52

Ship Monk

MAY 5, 2022

We know that’s not an easy decision for any eCommerce business to make. You remove all of your inventory from your current 3PL and ship it to your new fulfillment center(s) in one fell swoop. Strategy 2: Sending Inventory to Cover a Transition Period. Strategy 3: Shipping New Inventory Directly from Suppliers.

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Ship Monk

DECEMBER 18, 2023

Going global is a goal for many ecommerce brands. And for many brands, one of the largest opportunities lies in figuring out how to sell beyond their current scope and becoming established in North America. ShipMonk was founded on the idea of making shipping affordable and efficient for ecommerce brands of all sizes.

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Ship Monk

APRIL 28, 2021

Starting an eCommerce business is certainly no small feat, and it takes a special kind of tenacity and follow-through to find long-lasting success in such a competitive — but exciting! You can’t run before learning how to walk, and you can’t walk before learning how to crawl. Ready to launch into digital superstardom, eh?

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Ship Monk

JULY 13, 2022

For eCommerce direct-to-consumer (DTC) brands, calculating shipping costs can be a headache. As such, if you aren’t carefully managing your shipping costs, it can make or break your eCommerce business. There are two different kinds of flat rate shipping in the eCommerce world. How to Set Your Own Flat Rate Shipping Price.

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eCommerce Cost Reduction Price Reduction Inventory Reduction 52

Ship Monk

MARCH 20, 2023

Safety nets aren’t just for folks jumping out of airplanes; every ecommerce business owner should have safety nets built into multiple levels of their operations to deal with an industry that is always in flux. One aspect where this is particularly pivotal is inventory. What is Safety Stock?

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ShipLilly

JULY 7, 2020

For example, many e-Commerce operators do not like dealing with the additional bureaucracies of handling shipping and payments for backorders. Indeed, one of the signs of poor inventory management is an increasing level of backorders. For example, you may want to consider whether or not your customers are willing to wait longer.

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Ship Monk

MAY 23, 2023

Things that customers and ecommerce merchants dislike equally: “Where’s my order?” Once your ecommerce brand has reached significant sales, and you can effectively analyze buyer behavior, it’s time to think about the best ways to disperse your inventory. A warehouse is a place where you can keep inventory.

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Cost Reduction 52

GoShip Blog

JANUARY 11, 2023

Learning how to work through labor shortages keeps your business competitive and your customers satisfied. . This includes receiving and storing inventory, sorting orders, picking, packing, researching courier availability, and managing returns. As an ecommerce business owner, there’s not much you can do to mitigate these issues.

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FW Logsitcs

MAY 13, 2024

But managing eCommerce shipping in-house can be a logistical nightmare for high-growth brands. Learn how mastering e-Commerce shipping can optimize efficiency and boost success. Why e-Commerce Shipping Matters for Business Growth In the competitive world of eCommerce, a seamless customer experience is no longer a luxury.

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Ship Monk

APRIL 4, 2023

It’s been a while since you placed your ecommerce order so it seems like it may be time to face facts. Lost packages are a worst-case scenario for all ecommerce business owners, but that doesn’t mean they’re completely unavoidable. You’re watching, waiting, anticipating. Your package is lost. What Causes Lost Packages?

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Ship Monk

JANUARY 5, 2024

The holiday season is never short on smiles, especially if you’re an ecommerce business that delivers on all fronts. As you plan for a more productive, profitable, and all around positive new year, ShipMonk wants to share some advice on how to recover from peak season order issues and prevent them from happening again.

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Logistics Viewpoints

NOVEMBER 20, 2023

As ecommerce grew at double digit rates, while in store sales grew at less than the rate of inflation, retailers were looking for a way to turn their stores into a competitive weapon. One example of the detailed costing this is used in warehouse fulfillment, but not in store fulfillment, involves engineered labor studies.

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Ship Monk

JUNE 15, 2022

However, inbound logistics deals with matters of supplying newly manufactured inventory to warehouses and fulfillment centers. Diving deeper, inbound logistics is the part of the eCommerce fulfillment process that involves the receiving of materials and products from a supplier or manufacturer. apparel refolds), and return to vendor.

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Logistics Bureau

APRIL 23, 2020

How to Adapt Your Business for Online Order Delivery—Quickly. For example, in South Korea, 70 percent of consumers say they plan to shop online. If none of these warehousing options are practical, one recourse is to search for an online fulfillment company that can receive, store, process, and dispatch your inventory for you.

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Ship Monk

MARCH 28, 2023

Speedy, error-free shipping is one of the most important aspects of any ecommerce business. Read on to learn about the shipping options available to your ecommerce business and understand why 2-day shipping is the best amongst them! It’s safe to say those days are long gone as we relish in the rapidity of speedy ecommerce shipping.

Cost Reduction 52

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Logistics Viewpoints

APRIL 3, 2023

For example, a suggestion from the system might be to transfer 96,154 units of a stock keeping unit to a distribution center in Denver to fill a projected backorder. Between tighter labor markets, ecommerce, and increased volatility in supply chains, a growing percentage of exceptions are not addressed.

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