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How to Protect Your Customers & Brand from Ecommerce Fraud

Ship Monk

payment fraud) cost online merchants an estimated $38 billion in losses — a figure that doesn’t include the negative effects on customer loyalty and the brand’s reputation. The good news is that fraud management tactics and tools are making it easier to prevent, catch, and combat ecommerce fraud. In 2023 alone, ecommerce fraud (a.k.a.

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Email Tips for Ecommerce Businesses

Ship Monk

These people are genuinely interested in your product — so much so, that they have purchased your products. Email vs. Other Forms of Communication For many years, email has been the gold standard of communication tools for DTC businesses. How Often This is tricky. They’ve trusted you with their email address and mobile number.

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Top 5 Inventory Management Tips for Small Businesses

3PL Links

Image source: Rawpixel | Top 5 Inventory Management Tips for Small Businesses The retailer who thinks that inventory control is an exclusive activity for large retail organizations is mistaken. Have management software Management software is the best tool for retailers to control not only inventory but the entire store operation.

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Supply Chain Optimization: 5 Tips to Optimize Your Supply Chain

3PL Links

Supply Chain Optimization Tips | Image Source: Flickr A company’s supply chain is made up of players at various levels and diverse logistical components, each of which plays a crucial role. Specifically, supply chain training will make it simple for your staff to use the many technical tools they use on a regular basis.

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6 Unheard Tips to Optimize Reverse Logistics in Your Business

3PL Links

Invesp conducted a survey that revealed that 30% of online purchases worldwide result in returns or exchanges. This can happen for various reasons, including the fact that the customer has never seen the goods in person before making a purchase and has different expectations regarding its appearance, size, or efficiency.

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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. It wasn’t until your business took off and they kicked you out that you began incurring holding costs a.k.a. carrying costs, and needed to learn what those are. So what exactly is holding cost?

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How to Start a Small Business: 15 Tips and Important Steps

WorkWave

Every business owner will have specific knowledge, skills, or experience that will be advantageous in building and managing a business. Below is a list of 15 tips to keep in mind when starting a business. There are quite a few online tools, like the SBA , that will allow a potential business owner to gauge their business viability.

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