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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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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

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How to Estimate Electrical Work: A Contractor’s Guide

WorkWave

As an electrical contractor, knowing how to estimate electrical work can make the difference between profit and loss. From reviewing job specifications to sending the proposal, this comprehensive guide will show you how to estimate electrical work the right way.

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How Landed Cost Affects Ecommerce Profitability

Ship Monk

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. landed costs. What is Landed Cost? Landed Cost vs. Cost of Goods Sold.

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How to Calculate Ending Inventory

Ship Monk

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. During periods of inflation or rising costs, this method is generally preferred by accountants.

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How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Despite record layoffs in many industries, Canadian manufacturers face a skills shortage in key positions in operations and across the supply chain. All of the above pressures culminate in rising operational costs – from ?labor, Talent gaps: ? One of the key drivers is the aging workforce leaving for retirement. Managing Inventory.

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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?