Ship Monk

JANUARY 16, 2024

Is your ecommerce business growing so quickly that you’re having trouble keeping products in stock? Are you experiencing frequent inventory discrepancies , or wishing you had a better handle on forecasting demand? If you answered yes to any of these questions, it may be time to upgrade to a perpetual inventory management system.

Inventory Reduction 72

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EazyStock

JANUARY 27, 2021

2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. With that in mind, here are a few trends for 2021 that could help your business outlast the pandemic: Supplier Diversification. Automation.

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Ship Monk

MARCH 27, 2024

Whether you run a small or medium sized ecommerce brand or a giant international company, the right people mean the difference between failure and success. That being said, for more monotonous and time-consuming routine tasks, automation can take the blooming flower of your ecommerce brand and turn it into a full bouquet.

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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. SKUs are vital to inventory management and the success of any business—as pivotal to operations as a binding agent is to a meatball (i.e. Today, we’re talking about SKUs, also known as Stock Keeping Units. What is a SKU?

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Ship Monk

OCTOBER 17, 2023

Managing inventory is a pivotal part of peak season for every ecommerce store, regardless of size or industry. Underestimate inventory needs and buyers can have a negative experience with your brand because of backorders or stockouts, or you could just flat out lose business. A big part of that is inventory management.

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Ship Monk

MARCH 15, 2024

ShipMonk is privileged to work with so many amazing ecommerce brands, and we are honored to help them achieve their business goals every day through custom 3PL services and omnichannel fulfillment solutions. Reflecting on your journey, what would you say to a young woman looking to pursue an entrepreneurship and ecommerce career path?

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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 A critical area of focus should be your eCommerce inventory management processes.

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SYSPRO Smarter ERP

MAY 13, 2024

However, to meet these expectations, manufacturers need to ensure a smooth flow of information between their eCommerce platform and core business functions such as inventory, finance, production, shipping, and logistics. Warehouse staff or automated systems pick the items from the inventory based on the order details.

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Ship Monk

NOVEMBER 30, 2023

Now if only you had a dashboard to keep your ecommerce business running. Today we’re going to help you pick the most important metrics for each area of your ecommerce business. We recently covered KPIs for Ecommerce Businesses in another blog post. Well, guess what? These are the metrics you want on your dashboard.

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Logistics Business Magazine

DECEMBER 8, 2023

Pooling inventory to serve both fashion retail stores and ecommerce channels can create an engine for growth, with increased sales and higher margins. Will all these systems integrate to create a cohesive and flexible solution capable of serving high street stores and ecommerce channels? These concerns can be put aside.

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Ship Monk

SEPTEMBER 14, 2022

There are a lot of accounting terms thrown around when describing eCommerce inventory: merchandise inventory , WIP inventory , ending inventory , and beginning inventory to name just a few. What is Beginning Inventory? By inventory , we mean finished goods that are on hand and ready to sell.

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Logistics Business Magazine

SEPTEMBER 19, 2023

This collaboration allows businesses to seamlessly integrate the popular Ecommerce platform, TikTok Shop, with an advanced Operation Management System (OMS). Streamlined Stock Management: Effortlessly track, organize, and optimize your inventory with our intuitive stock management features.

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Ship Monk

JULY 21, 2022

Perpetual inventory. What eCommerce owner wouldn’t love a perpetual flow of products guaranteed to never run out? Well, a perpetual inventory system does constantly monitor the flow of products in and out of your warehouse, but there’s a bit more to managing the inventory than that. What is a Perpetual Inventory System?

Inventory 52

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EazyStock

JULY 22, 2021

Demand forecasting techniques play a critical role in inventory management. However, producing an accurate inventory demand forecast is no mean feat. But first – let’s get a definition: What is inventory demand forecasting? The Importance of Accurate Inventory Forecasting. Identify trends. Inventory Demand Trends.

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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

JANUARY 11, 2023

The ecommerce industry specifically continues to grow in terms of demand, competition, and customer expectations, calling for increasingly efficient fulfillment solutions and infrastructure to better deliver on your brand promises. ShipMonk presents you with a thorough A-Z glossary of ecommerce terms merchants in the know should know.

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Ship Monk

JULY 14, 2021

They say labels are for soup cans, but, when it comes to running an eCommerce company, it’s important to know where your business model falls under. eCommerce Business Classifications. When people think of eCommerce, they’re often thinking about the D2C, or direct-to-consumer, approach. eCommerce Business Models.

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CH Robinson Logistics

FEBRUARY 4, 2021

The boom in ecommerce poses novel challenges to the logistics industry. Logistics is a critical part of ecommerce operations – Many e-tailers want a certain degree of control over logistics as it is a vital part of their business. Online shoppers expect convenience, flexibility, and a high-quality shopping experience. or Black Friday.

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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? These often indicate rising trends and problems you can solve.

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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? What is Demand Forecasting?

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Ship Monk

APRIL 20, 2022

Fueled by cutting-edge technology, our multilayered platform allows clients: Seamless integrations The ability to assess orders at any status Inventory management Cross-channel visibility Sync capabilities for all sales channels Easy return options Branded tracking delivery protection Automated claims portal.

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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.

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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. To do that, you’ll need to look at the big picture — think historical trends, cultural preferences, and present-day competitors. #2. Do I have enough inventory?

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Ship Monk

FEBRUARY 15, 2023

Supply chains are becoming more intricate, ecommerce orders are on the rise, and speedy shipping has never been more important. If you’ve been wanting to learn more about how automation positively impacts 3PLs, and the ecommerce businesses they’re committed to, this is the blog for you. But what kind of automation ?

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Ship Monk

SEPTEMBER 29, 2022

eCommerce Peak Season Problems and Solutions. The stakes are high, the challenges are varied, and the volume of inventory—and things to do—can be overwhelming. The stakes are high, the challenges are varied, and the volume of inventory—and things to do—can be overwhelming. 1) Supplier Issues. So how do you combat them?

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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

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% 2 Analyze Your Past Data and Compare It to Current Trends. Slice of cake.

eCommerce 52

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Ship Monk

NOVEMBER 13, 2023

Ecommerce order fulfillment requires a wide array of supply chain entities, operations staff, and detailed systems to come together. In truth, there are more moving parts within an omnichannel ecommerce order fulfillment operation than there are in an intricate, self-winding watch. Why Do I Need 3PL Software?

Supply Chain Design Software 64

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EazyStock

JANUARY 17, 2022

In 2022, key supply chain management trends all lean towards building supply chain resilience. We’ve compiled a round-up of the top six supply chain management trends that we think you should take notice of in 2022. eCommerce Continues to Grow. More companies are adding eCommerce as a sales channel.

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ShipLilly

FEBRUARY 8, 2023

Questions about dealing with excess inventory Given what has happened before, it is not entirely surprising that many retailers are contending with elevated levels of excess inventory. This is a trend that is undesirable since excess inventory tends to have a detrimental effect on cash flow.

Inventory Reduction 52

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Camelot 3PL Software

JANUARY 16, 2022

As we chug along into the first quarter of 2022, the trends we observed last year continue to play out. The impacts of these trends can be significant. eCommerce Fulfillment. eCommerce is still white-hot, growing at over 33% last year with no signs of slowing. So it is important to be proactive and plan accordingly.

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Ship Monk

NOVEMBER 16, 2023

You’ve undoubtedly heard the words omnichannel and multichannel thrown around liberally in the ecommerce arena, but what do they actually mean? Sales Channels vs. Marketing Channels Most ecommerce businesses start with a single sales channel, whether that’s a shoppable website or a brick-and-mortar store.

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EazyStock

DECEMBER 17, 2019

Intro to 2020 Supply Chain Management Trends. Throughout the last decade, the main trends were digitization and globalization. 2020 supply chain management trends will further these shifts. 2020 supply chain management trends will further these shifts. Greening” the Supply Chain. The world is continuing to grow smaller.

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

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Bringg

AUGUST 5, 2020

This post looks at how click & collect works, why demand for it is trending now, and what retailers can do to ensure click & collect experiences that are also good for their business. While interest in click & collect is not new, 2020 saw a massive spike in demand and turned it into one of the hottest retail trends.

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Ship Monk

SEPTEMBER 9, 2020

Every fairy godmother needs her magic wand, every knight needs his shining armor, and every eCommerce business owner needs their tools. While each eCommerce business will have their own unique setup, we’ve compiled a general guide to get you started and help you fill in the blanks of your current configuration. Tech tools, that is.

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Ship Monk

MAY 1, 2023

8 Factors Ecommerce Brands Should Consider What makes ecommerce logistics particularly challenging is not only its extensive scope—from packaging to transportation and beyond—but its constant fluctuations. Once that’s out of the way, let’s look at how those SKUs feed into your greater inventory. It’s as simple as that. #4

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