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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

If you can only say “No”, I will not be surprised, because many companies have never drilled down into the costs involved in selling specific SKU categories, individual SKUs, or providing particular services connected with those sales, to specific customers or customer categories. Imagine if that is the case. Well, you can!

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Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis

Log-hub

One of the most powerful tools employed in this endeavor is the ABCD Analysis. The ABCD Analysis entails categorizing products based on their net sales and subsequently measuring the inventory value for each category.

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How To Grow Your Online Grocery Delivery Business

WorkWave

Many people are new to online grocery shopping, and getting accustomed to all the options and tools available can make the experience more enjoyable and more accessible than initially expected. In that case, you may want to capitalize on offering these options to attract new customers or retain current clients. Get to Know Your Market.

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Are your Customs brokers any good in HS Classification?

Globalior

Our team recently concluded an industry study of Customs broker competency in HS classification. In many of the brokerages included in our study – the average was 1.2 Product knowledge In several cases, brokers admitted to classifying products simply based on the product name appearing on the invoice.

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How to Boost Your Ecommerce Conversion Rate

Ship Monk

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates.

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The Impact of Hurricanes on Transportation and How to Build a Storm Resilient Supply Chain

247 Customs Broker

Three of those seven are expected to be major hurricanes, Category 3 or higher, with winds reaching a minimum of 111 mph. Additionally, shippers should have a process in place for how to approve any added costs. Ask your transportation and/or technology partners what visibility tools they provide. major disasters in the U.S,

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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.