Ship Monk

JUNE 22, 2022

Do you know how to calculate ending inventory? Knowing how to calculate ending inventory and continually monitoring it is critical for growing your business and maintaining profitability. Methods for Calculating Purchases and COGS. Total purchase costs and total COGS are divided by the number of units purchased or sold.

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Inventory Reduction Inventory Purchasing Skills How To 64

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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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

AUGUST 22, 2022

In our eCommerce fulfillment blog we sometimes highlight industry jargon that’s essential for every entrepreneur. Whether you do or you don’t, this blog can help finetune your understanding of what SKUs can be utilized for, how to use them to grow your business , and best practices for this crucial part of inventory management.

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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?

Supply Chain Design Software 52

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Ship Monk

MARCH 14, 2023

If that’s you and you’re an ecommerce business owner, keep reading for eco-friendly packaging options your company could invest in this year to save money and help preserve the planet. Okay, there are two ways we could write this part of our eco-friendly ecommerce blog: 1.) million tons of trash, and 1/3 of that was packaging material.

Material Savings 52

Material Savings eCommerce Packaging Ordering 52

Ship Monk

MARCH 14, 2023

If that’s you and you’re an ecommerce business owner, keep reading for eco-friendly packaging options your company could invest in this year to save money and help preserve the planet. Okay, there are two ways we could write this part of our eco-friendly ecommerce blog: 1.) million tons of trash, and 1/3 of that was packaging material.

Material Savings 52

Material Savings eCommerce Packaging Ordering 52

GoShip Blog

JANUARY 4, 2023

Automating business processes like shipping can save you valuable time and money while equipping you with the necessary tools to scale. This article discusses how to automate shipping and label printing to eliminate repetitiveness in fulfillment processes and boost operational efficiency. How to Automate Shipping? .

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GoShip Blog

MAY 20, 2022

It’s impossible to imagine a profitable retail business without growing your eCommerce sales. eCommerce challenges. How to increase online sales? Analyze sales data and customer feedback to see what products generate active purchases. According to statistics, most customers prefer to make their purchases on the phone.

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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 Business Magazine

JANUARY 13, 2022

So, partnering with Honeywell, FarEye is holding a webinar entitled How to Navigate the New Logistics Landscape on 26th January at 3.00pm GMT with an expert panel who will bring you up to speed on transport and logistics in 2022. How data can be leveraged to improve delivery. What tools you can use to enhance the last-mile experience.

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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?

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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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GoShip Blog

AUGUST 2, 2022

In the fast-growing world of eCommerce, staying competitive becomes a real challenge. How to increase brand awareness? It gives you an excellent start for creating a tailored purchasing experience and improving the components of certain items. Thus, you can make your goods outstanding by increasing brand awareness.

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Ship Monk

JUNE 20, 2022

Accordingly, we actively update our systems to stay ahead of the evolving needs of eCommerce and help our clients succeed. During these summits, employees from different areas of the ShipMonk operation have the opportunity to learn from heads of departments, ask questions, and refine their eCommerce mindsets.

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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

OCTOBER 10, 2023

That means consumers need to really do the research when making online purchase decisions, otherwise the risk for returns is strong. On the other side of that coin, ecommerce brand owners need to be just as careful when selecting their 3PL fulfillment service partners. order packing accuracy.

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GoShip Blog

JANUARY 11, 2023

Learning how to work through labor shortages keeps your business competitive and your customers satisfied. . As an ecommerce business owner, there’s not much you can do to mitigate these issues. Most ecommerce businesses rely on shipping trucks to deliver their packages to customers. Warehouse Inefficiencies .

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Ship Monk

AUGUST 30, 2023

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. would put you in the middle 60% of ecommerce stores according to this benchmark. What is an Ecommerce Conversion Rate? But the most commonly used benchmark tracks purchases by visits.

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eCommerce How To Procurement Analytics Purchasing Skills 52

GoShip Blog

JULY 7, 2022

If you own an eCommerce store, optimizing your business for same-day deliveries can be beneficial both to your business and to your customers. As more online shoppers have started to purchase same-day delivery, the demand for it has continued to increase. Many business owners need to consider the initial process now as well.

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GoShip Blog

APRIL 22, 2022

Demand forecasting is a highly efficient tool for any business type. According to statistics, about 80% of customers prioritize personalized service when purchasing. How to implement demand forecasting in your supply chain? Forecasting operations typically aim to examine and evaluate customers’ purchasing patterns and habits.

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Ottawa Logistics

MARCH 24, 2022

In this sense the subscription box can offer a unique marketing tool by allowing potential clients to sample products, potentially bringing them on board for future purchases. Ecommerce Customer Retention. ecommerce fulfillment. ecommerce packaging and shipping. how to lower costs. TAGS: best practices.

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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

JULY 31, 2023

In ecommerce, we spend a lot of time talking about logistics. But just as we must constantly evolve to provide ecommerce businesses the best, fastest, most cost-efficient solutions for order fulfillment, so must we prepare brands for when items get returned. ShipMonk does too; after all, we are a 3PL third-party logistics provider.

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Ship Monk

DECEMBER 15, 2023

Will the huge growth in ecommerce sales continue, or will the numbers fall back to “normal” pre-pandemic levels? Will consumers be reluctant to use credit cards for holiday purchases? For the first time, mobile purchases have overtaken desktop purchases. How did your pricing compare to your closest competitor’s pricing?

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GoShip Blog

APRIL 21, 2022

Importance of Using Social Media in Your Ecommerce Strategy. The most significant advantage of incorporating social media in your ecommerce strategy is that it allows you to showcase your business to a broad audience at a low cost. How old are they? Purchase Ad Space. Which social media platform(s) do they use?

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Ship Monk

APRIL 20, 2023

As ecommerce brands grow and their products become more popular, one of the common paths to accelerated growth is having your products get picked up by a specialty store or big-box retailer. Maybe your ecommerce business is not at that stage yet. Can your 3PL handle B2B fulfillment or retail fulfillment? Should you care?

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Ship Monk

AUGUST 12, 2020

Scrolling for your next purchase is all about making split-second decisions, and the way a product is visually presented plays a huge role in that. Of course, the proper tools are no good without the proper technique, but — shocker — Amazon has you covered! Don’t Skimp Out on Photo Quality. We don’t blame ya! Talk to us !

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Dedola Global Logistics

MARCH 3, 2017

Archives You know how much work goes into running your eCommerce business. Below are ways the right freight forwarder can add value to your eCommerce business and maximize it, too: They help you focus on your core competency Chances are your eCommerce business is a fairly lean operation. How does this impact compliance?

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EazyStock

DECEMBER 13, 2021

Similarly, you may want to increase eCommerce prices across your digital channels to lower demand and avoid showing ‘out-of-stock’. An inventory optimization tool , such as EazyStock, connects to your existing stock management system and will automate the risk of stockout calculations for you.

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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.

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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.

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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.

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Ship Monk

NOVEMBER 30, 2023

When you’re driving a car down the road, you have to keep your eye on a few things: how much gas is in the tank, how fast you’re going, whe-ther or not you left the blinker on, to name a few. Now if only you had a dashboard to keep your ecommerce business running. Well, guess what? So, what’s on your dashboard? What is a KPI?

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247 Customs Broker

DECEMBER 21, 2018

“Delivery Right into the Fridge” The next steps in food delivery take “delivery” to a whole new level, Walmart’s ecommerce chief tells CNBC. “How about just being able to keep you in stock on everything you need and not even have to think about it? That’s the future,” he told Cramer.

eCommerce 28

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The Logistics of Logistics

MAY 27, 2019

It’s never been easier to develop software and technology than it is right now because there are so many tools and platforms. Of course, there is the migration from retail to ecommerce. [17:29] The tools used to find out where people are clicking on a website or on an app have gotten a lot better. [19:57]

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Ship Monk

SEPTEMBER 26, 2023

If you also happen to be an ecommerce business owner, you’d better be upping your m-commerce game. Because it’s estimated that over 50% of all ecommerce purchases during the 2022 holiday season were made on a smartphone. Ecommerce: the sale and purchase of goods and services electronically, particularly on the internet.

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