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Types of Ecommerce Inventory from Beginning to Ending

Ship Monk

Continue on for all you need to know about inventory for ecommerce brands and online retailers. What Type of Ecommerce Business Are You? Most ecommerce businesses fall into one of three camps: 1. In this scenario, the ecommerce business is considered a contract manufacturer, and the factory is considered a subcontractor.

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What is Work in Process Inventory (WIP)?

Ship Monk

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. If your eCommerce business makes and sells hats, for example, you purchase raw materials such as fabric, thread, leather, ribbon, etc.

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Industry Outlook: Manufacturing Trends

Trinity Logistics

Many of today’s manufacturing trends are in line with the industry’s goals to improve processes, create more efficiency, and meet consumer demand. To combat the shortage, manufacturers are looking for ways to recruit and retain skilled talent, by raising wages and reskilling current talent to meet company needs. Industry 4.0

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Sustainability Strategies & Tactics for Ecommerce Brand

Ship Monk

Trouble is, managing an ecommerce brand involves certain unavoidable carbon-causing activities like packaging, shipping and returns. The UN World Commission on Environment and Development defines sustainability as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”

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Industry Outlook: Manufacturing Trends

Trinity Logistics

Many of today’s manufacturing trends are in line with the industry’s goals to improve processes, create more efficiency, and meet consumer demand. Another reason for increased output is the changes in manufacturing factories and their companies. Some manufacturers are even pushing the limit and testing our “dark factories”.

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Covid pandemic puts spotlight on automation and robots

Logistics Business Magazine

And with that, everything moved online, from seniors buying their groceries with a mobile app to kids attending virtual school through to the continual scheduling of Zoom meetings. The demand on ecommerce was staggering. How could companies meet demands while keeping their employees safe and maintaining their bottom line?

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Smart Manufacturing: A Solution to Supply Chain Optimization

Morai Logistics

Smart manufacturing is a new advancement in supply chains that will help optimize the customer experience and meet consumer demands. The Global ecommerce market has seen an incredible increase in market value over the last 5 years as a result. Statistics show that in 2014, the global ecommerce market generated USD $1.3