Ship Monk

DECEMBER 5, 2022

Does it feel like your ecommerce business should be more profitable than it is? Could there be hidden costs you’re not accounting for in your pricing strategy? 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. If so, you’re not alone.

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Ship Monk

JUNE 16, 2023

While most ecommerce brands aren’t giving away specter-proof jumpsuits or bejeweled pink jackets, offering benefits to members is a time-honored, strategic tactic that savvy ecommerce brands employ. Let’s take a concise dive into seven key areas of this critical ecommerce brand tool for boosting business.

eCommerce 52

eCommerce Purchasing Skills Procurement Solutions Purchasing 52

Logistics Viewpoints

MAY 27, 2021

In my Logistics Viewpoints article in April 2021, Building Profitability with Agility while Digitally Transforming the Supply Chain , I mentioned that we will continue to explore here the concrete steps in the digital journey and examples of determination from the top in addition to logistics operations.

eCommerce 138

eCommerce Optimal Sourcing Supply Chain Software Supply Chain Planning Software 138

Ship Monk

AUGUST 22, 2022

In our eCommerce fulfillment blog we sometimes highlight industry jargon that’s essential for every entrepreneur. SKUs allow business owners to keep track of their products in terms of managing inventory levels, differentiating between products, and tracking products from vendor to customer. Creating a SKU.

Inventory Reduction 52

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Ship Monk

JULY 1, 2021

The eCommerce boom is upon us. By the time you’re done reading, you’ll be well on your way to becoming a logistics and eCommerce expert. Is eCommerce a highly competitive field? By far, this is one of the biggest misconceptions about eCommerce, and one of the number one mistakes made by novice business owners.

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eCommerce Price Reduction Cost Reduction Purchasing Skills 71

Ship Monk

AUGUST 6, 2021

Scaling internationally can be a notoriously challenging undertaking for eCommerce businesses, but that hasn’t stopped the brightest retail stars from finding success overseas. Next up on the eCommerce book club is reading the room! Cross Off Your eCommerce Checklist. Make an eCommerce list, check it twice… or thrice.

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eCommerce Tips Inventory Reduction Cost Reduction 86

Stord

APRIL 21, 2022

The full blog post is below: I’ve never been able to fully square away ecommerce and the impact it has on the environment. I think most ecommerce brands would prefer to use more sustainable packaging, but it’s easier said than done. But I also don’t want to ship products out in a plain white plastic baggie.

Packaging 78

Packaging eCommerce Material Savings Cost Reduction 78

Ship Monk

OCTOBER 17, 2022

3PL —a simple abbreviation for one of the most complex, integrated, helpful entities operating in the eCommerce landscape. 3PL stands for third-party logistics, and at a glance a 3PL partner provides eCommerce brands with solutions to their fulfillment needs. Don’t worry; you can change later on. So let’s talk PLs 1 – 5.

eCommerce 78

eCommerce 3PL Logistics Network Optimization Software Supply Chain Design Software 78

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 ?! We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. Which products sell the quickest? What is Demand Forecasting? Which sell the slowest ?

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Ship Monk

NOVEMBER 14, 2022

If that sounds like you, then you’re probably an ecommerce business owner. While ecommerce has experienced boom after boom, 2022 has proven to be an interesting year in its already storied history. Ecommerce growth is expected to be up about 2.5% 1 Plan Ahead… Way Ahead. Slice of cake. Fruitcake. #2 What did you learn last year?

eCommerce 52

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Logistics Business Magazine

AUGUST 15, 2023

In a world where rising bills seem to be the norm for families and businesses alike, the delicate dance of balancing service quality with cost-efficiency has become a challenge for retailers and ecommerce delivery, writes Gemma Vasey, Business Development Manager, Asendia UK.

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Purchasing Skills Cost Reduction eCommerce Price Reduction 64

Ship Monk

SEPTEMBER 29, 2022

eCommerce Peak Season Problems and Solutions. Peak season is characterized by the increased demand across markets that causes businesses to amp up production and have large amounts of stock ready for holiday orders. But that’s only if companies address eCommerce peak season problems with skill and swiftness. 1) Supplier Issues.

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eCommerce Purchasing Skills Inventory Reduction Cost Reduction 52

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

SEPTEMBER 29, 2022

In PART 1 of our “Peak Season 2022 Guide for eCommerce Brands” we discussed the major problems that affect eCommerce brands for peak season 2022, and the solutions entrepreneurs can seek to resolve them. It can be difficult for eCommerce brands, (DTC brands in particular) to prep for the onslaught of Black Friday sales.

eCommerce 52

eCommerce Inventory Reduction Supply Chain Planning Software Supply Chain Software 52

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

GoShip Blog

FEBRUARY 7, 2023

Every company, irrespective of its size, must market its products or services to attract customers or face closing down. Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. There is no business without marketing.

Waste Reduction 52

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FW Logsitcs

MAY 13, 2024

But managing eCommerce shipping in-house can be a logistical nightmare for high-growth brands. Why e-Commerce Shipping Matters for Business Growth In the competitive world of eCommerce, a seamless customer experience is no longer a luxury. In today’s fast-paced world, customers expect lightning-fast delivery.

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

EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. The growth of eCommerce in 2020 was phenomenal as more customers, B2B and B2C alike, shopped online due to the COVID-19 pandemic. Forrester projects that B2B eCommerce transactions will reach $1.8 trillion by 2023 , indicating a need for more robust online sales strategies.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

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.)

eCommerce 52

eCommerce Inventory Reduction Purchasing Skills Material Savings 52

Ship Monk

MARCH 11, 2021

Take a few deep breaths, and join us for a crash course on eCommerce metrics: what they are, why you need them, and how they can help you “ Stress Less, Grow More.” But First, What Are eCommerce Metrics? In other words, we’re examining eCommerce metrics, which are simply measurements of performance. Top Performing Products.

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Ship Monk

MAY 5, 2022

We know that’s not an easy decision for any eCommerce business to make. There are a few different ways to go about the big move, so it’s a matter of choosing the strategy that keeps your sales and fulfillment operations flowing smoothly throughout the transition. Strategy 2: Sending Inventory to Cover a Transition Period.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction 3PL 52

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. But is it the best option for your products? There are two different kinds of flat rate shipping in the eCommerce world.

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eCommerce Cost Reduction Price Reduction Inventory Reduction 52

GoShip Blog

JULY 28, 2022

A returns management solution helps you handle the returned items effectively to satisfy your ecommerce customers without hurting your profit margin. . Why managing returns is important for ecommerce. This process involves testing and inspecting the product, sending a damaged product to another facility for repair.

Procurement Solutions 52

Procurement Solutions eCommerce Cost Reduction Vendor Strategies 52

The Logistics of Logistics

MAY 12, 2021

Costco example: they sell different brands and market their brand Kirkland, which now accounts for approximately 25% of their revenue. Private label is becoming an important strategy for retailers. Customers now expect that they will be able to easily buy and return products at physical stores or online (or both).

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Supply Chain Software Logistics Network Optimization Software Procurement Solutions eCommerce 368

Now, That's Logistics

NOVEMBER 9, 2021

Retail ecommerce increased by 75% in 2020 in Canada and is on track to expand by another 12% in 2021, according to eMarketer. This year, ecommerce will account for 13.4% For example, retailers are investing in digital platforms to reach consumers dispersed over a vast land mass while responding to competition from global e-tailers.

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Supply Chain Planning Software Supply Chain Design Software Ordering Optimization Software 147

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! In practice, this could mean, for example, slowly but steadily growing your inventory instead of adding lots of items all at once. way to get there.

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EazyStock

DECEMBER 13, 2020

While some businesses and entire industries like hospitality and travel have been shutting down, others like consumer staples, technology and safety products/PPE are thriving like never before. Here are a few strategies to implement to support supply chain resilience and make your supply chain as responsive, robust and agile as possible.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Ship Monk

DECEMBER 12, 2023

Strategy and precision around the holidays are as important to ecommerce store owners as lights and ornaments are to the pivotal pine tree. Considering all that, ecommerce stores need to have their ducks (or, rather, gifts) in a row come peak season. Think ecommerce stores that specialize in clothes, toys, and books for example.

Procurement Solutions 64

Procurement Solutions eCommerce Purchasing Skills Cost Reduction 64

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. Omnichannel Order Management Systems are Complex For retailers, implementing a sound omnichannel strategy can be difficult.

Cost Reduction 135

Cost Reduction Expense Reduction Inventory Reduction Modeling Software 135

Logistics Viewpoints

DECEMBER 2, 2021

Many major challenges of 2021—capacity constraints, ecommerce growth and driver shortage—are rolling over into 2022 and, in addition, the environment and machine learning are becoming more important for logistics and supply chain professionals. Online buying will fuel home delivery growth, challenges and new strategies.

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Ship Monk

MARCH 30, 2023

Fortunately, as an ecommerce business owner, there are solid steps you can take to create or optimize a sustainable supply chain. The ecommerce supply chain spans the sourcing, manufacturing, and distribution of products. The ecommerce supply chain spans the sourcing, manufacturing, and distribution of products.

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Supply Chain Software Supply Chains Sourcing Strategies Material Savings 77

Logistics Viewpoints

JUNE 20, 2022

China, for example, only produces 14% of their total units, only 3% of those units end up being exported to the United States and 2% to EMEA. Achieving agility with a strategy to sell goods in the same region they are produced in, “has never been more important,” Mr. Bailey exclaimed. Supporting Ecommerce and Omnichannel.

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GlobalTranz

JULY 21, 2016

Consumers are expressing an unprecedented amount of power through eCommerce, and in fact, eCommerce logistics is growing increasingly reliant on small parcel and package delivery options daily. In 2011, eCommerce represented a fraction of overall retail operations. Warehousing Expansion Is a Must.

eCommerce 61

eCommerce Logistics Network Optimization Software Negotiating Skills Inventory Reduction 61

GlobalTranz

OCTOBER 20, 2017

While automation is poised to revolutionize eCommerce Logistics and last mile delivery, last mile eCommerce will benefit from increased use of white glove logistics services. Although free and fast are standard parts of last mile delivery in eCommerce, the last word, all-inclusive, poses a new challenge for shippers.

eCommerce 48

eCommerce Logistics Network Optimization Software Procurement Analytics Cost Reduction 48

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. You move more product and increase profit margins on the average order while they get free shipping.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Price Reduction 52

GoShip Blog

APRIL 21, 2022

Social media offers a cost-effective means of marketing your products to your target audience in a way that resonates with them and encourages them to begin their buying journey. Importance of Using Social Media in Your Ecommerce Strategy. According to recent studies by Datareportal, the world currently has over 4.6

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Production Cost Reduction Waste Reduction Resource Reduction 40

Ship Monk

APRIL 30, 2024

Every ecommerce store relies on an assortment of vital components to survive and thrive, but ecommerce software is the heart of all these elements. Regardless of the size of your ecommerce brand, it doesn’t hurt to periodically reevaluate if the software tools you’re using are giving you everything you need.

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Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 87