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

Inventory Reduction eCommerce Inventory Price Reduction 52

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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How To Inventory Reduction Supply Chain Software eCommerce 52

Ship Monk

JUNE 8, 2022

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. Most of these methods rely on past sales data, future forecasting, or a combination of the two to help inventory managers predict how much inventory they’ll need. Let’s say your eCommerce business makes cotton baby blankets.

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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! If you had a crystal ball, what is the first thing you would ask?

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

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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Supply Chain Design Software Supply Chain Software Inventory Reduction Cost Reduction 52

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?

eCommerce 53

eCommerce Inventory Reduction Definition After-sales 53

Ship Monk

SEPTEMBER 19, 2022

Remember when you were managing your eCommerce business out of your garage? If you’re like most eCommerce business owners, you have a general idea of what carrying costs are, but you wouldn’t be reading this if you didn’t have a few nagging questions—like, which is it, carrying cost or holding cost? So what exactly is holding cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

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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Ordering Procurement Solutions Supply Chain Planning Software Supply Chain Design Software 79

GoShip Blog

FEBRUARY 2, 2023

Standing out from the crowd among millions of ecommerce businesses in the US requires you to connect with your audience on an emotional level. They are beliefs that communicate what your company prioritizes in its operations and how it achieves its mission statement. The ecommerce industry is more competitive than it has ever been.

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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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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

DECEMBER 12, 2022

When ecommerce business owners look for ways to increase revenue, they tend to focus on marketing campaigns designed to reach new customers, or promotions that entice existing customers to order more often. We’re going to give you nine examples for inspiration, but feel free to get creative. What is Average Order Value? Reduce fees.

Ordering 52

Ordering Purchasing Skills Price Reduction Cost Reduction 52

Ship Monk

SEPTEMBER 6, 2023

This is one of the simplest ecommerce metrics to calculate. For example, if your omnichannel ecommerce business processed 5,000 orders last month for a total of $300,000, the average order value for the month was $60. Simply divide total revenue during a period, by the number of orders during that same timeframe.

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Inventory Reduction Cost Reduction Expense Reduction Price Reduction 52

Logistics Viewpoints

JANUARY 10, 2022

Traditional routing solutions looked to optimize deliveries by developing routes for their fleet of trucks that lead to on-time deliveries at the lowest costs across the fleet. You can’t optimize based on grouping all your orders for the next day, the cut off times surrounding ecommerce are getting shorter and shorter.

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Ship Monk

APRIL 28, 2023

Which means in the world of ecommerce business, entrepreneurs may feel torn between making eco-friendly decisions and strategic business ones. The good news is that you can stick that stigma where the sun don’t shine because there are plenty of ways to run a profitable eco-friendly ecommerce brand. What is Sustainable Ecommerce?

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Ship Monk

AUGUST 30, 2023

would put you in the middle 60% of ecommerce stores according to this benchmark. Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates. What is an Ecommerce Conversion Rate? Anywhere between 0.2%

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Logistics Viewpoints

NOVEMBER 18, 2021

There’s a new reason to optimize DC operations, and it’s bigger than the old reasons of productivity and efficiency gains. On top of the insatiable desire for everyone to buy online fueling ecommerce growth in DCs, the high cost and scarcity of warehouse labor is crushing to many DC operators. In-Warehouse Travel Optimization.

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Ship Monk

JUNE 14, 2023

There are a lot of moving parts to managing an ecommerce supply chain. An ecommerce store owner is expected to master everything from sourcing materials to manufacturing and procurement, to fulfillment and shipping orders to customers. Today we’re going to take a look at a typical ecommerce supply chain from beginning to end.

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EazyStock

DECEMBER 13, 2021

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. Similarly, you may want to increase eCommerce prices across your digital channels to lower demand and avoid showing ‘out-of-stock’. These KPIs can easily be calculated in a ‘risk of stockout’ spreadsheet.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

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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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 151

Ship Monk

JUNE 15, 2022

Understanding both layers of the logistics process can help eCommerce business owners optimize their supply chain, manage customer expectations, and make better decisions about ordering, budgeting, and shipping options. Learn more about ShipMonk’s eCommerce fulfillment services. Inbound Logistics. Outbound Logistics.

Outbound 52

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Ship Monk

NOVEMBER 30, 2022

For some ecommerce business owners, sending their customers’ orders out the door feels a little like watching your 16-year-old drive off in the family car. But when it comes to ecommerce delivery, that’s not entirely true. Here’s an overview of the ecommerce order fulfillment process and ways to improve each step. Fulfillment.

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Ship Monk

JANUARY 19, 2024

So, you want to start an ecommerce business. We’re happy to tell you that there are far more options than those two seemingly opposite paths to success (and many, many ecommerce businesses go both ways)! Take a seat as we explore the differences between ecommerce stores and ecommerce marketplaces, and list the pros and cons of each.

eCommerce 89

eCommerce Logistics Network Optimization Software Optimization Software Purchasing Skills 89

3PL Insights

FEBRUARY 22, 2018

How will your box fit with your customers’ interests? For example, let’s say you choose wine for your alcohol subscription box. How will you define the niche of your box, beyond just wine? How will you integrate your eCommerce store into your site? Let’s talk about how we can optimize your growth.

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How To Optimization Modeling Modeling Software Modeling 45

Ship Monk

AUGUST 8, 2022

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. Examples of Merchandise Inventory. In every example above, inventory was purchased and inventory was sold.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Purchasing Skills 52

Ship Monk

FEBRUARY 9, 2024

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 a few short weeks they’ll find out just how accurate their demand forecasting method was. Furthermore, no method is 100% accurate.

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eCommerce Inventory Reduction Operations Modeling Software 84

CH Robinson Logistics

JUNE 23, 2021

Maintaining inventory levels and optimizing order quantities, while keeping retailer compliance requirements in mind, requires careful coordination and a strategic approach. Ecommerce has been steadily growing for years, but the boom in 2020 has had a significant impact on just about everything. For example, at C.H.

Supply Chain Planning Software 66

Supply Chain Planning Software Inventory Reduction Supply Chain Software Cost Reduction 66

Logistics Viewpoints

MAY 15, 2023

In Southern California, for example, they have a 670,000 square foot warehouse that serves eight different fast-growing ecommerce retailers. Their selection of Blue Yonder is another example of this. The optimization associated with cobots shrinks the distances traveled.

Efficiency 125

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Ship Monk

MARCH 12, 2024

When it comes to ecommerce orders, that also means experiencing different ways to order products within the same website. Since you, as an ecommerce business, want to win out their attention in the competitive market, why not appeal to them by making shopping for multiple items easy? What is Ecommerce Kitting?

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eCommerce Logistics Network Optimization Software Inventory Reduction Material Savings 99

GlobalTranz

FEBRUARY 25, 2021

For example, the reverse logistics process includes the management and the sale of surplus as well as returned equipment and machines from the hardware leasing business. The supply chain of reverse logistics poses some serious challenges, especially with the recent explosion of ecommerce. Managing return logistic can be challenging.

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Reverse logistics Inventory Reduction Cost Reduction Material Savings 84

Bringg

AUGUST 5, 2020

Optimize the middle mile – Click and collect is also a way for retailers to optimize their delivery network. To justify the price of square footage, retail locations must now serve as a node in eCommerce fulfillment. How to set it up. Both fulfillment models can use existing staff, or require outsourced resources.

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Camelot 3PL Software

MAY 29, 2020

This is Chapter 10 of 13 in our eBook on eCommerce Fulfillment for 3PL Warehouses. When an order cannot be fulfilled in its entirety, a decision needs to be made on how to handle the order, and there are many outcomes. See the link below to download the full ebook.

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Stord

JANUARY 11, 2022

Stord’s team works with hundreds of companies every day to drive efficiencies and optimize their operations across a range of freight, warehousing, fulfillment and packaging requirements. For example, the price of 42# linerboard has gone up 35% in the last 12 months, over the course of 4-5 price increases. Where are you at risk?

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Supply Chain Planning Software Supply Chain Software Optimization Software Optimal Sourcing 78

Talking Logistics

MARCH 20, 2019

Linus comments that, “It’s no secret that ecommerce and online shopping have disrupted the retail environment like no one could have imagined. Other examples are for automotive or building materials where you are servicing the needs of a particular vertical. Linus notes, “There are various types of consolidation in general.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 88

Morai Logistics

JULY 12, 2018

This translates into an increase in consumer demand and a greater need for optimized processes. For example, media service provider, Netflix, creates positive customer experience by predicting the shows viewers may be interested in based on past searches. Optimize Visibility. Demand Forecasting. Cost Reduction.

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Supply Chain Software Optimization Software Supply Chains Modeling Software 60

Ship Monk

FEBRUARY 16, 2023

In the ecommerce industry it’s a feeding frenzy out there—DTC and B2B retailers doing everything they can to get shoppers’ attention. Colossal companies like Amazon created this “new normal” in the ecommerce industry, and all merchants have been forced to follow or get left out in the cold. That’s a problem for ecommerce brands.

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

Ship Monk

JUNE 30, 2023

There seem to be about a million metrics to watch if you want to run a successful ecommerce business. You can track as many metrics as you want, but not every performance indicator qualifies as a KEY performance indicator (KPI) for your ecommerce business. Which ones are the most important? Well, that depends on your goals.

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