GoShip Blog

JUNE 3, 2022

Inventory valuation is the process of calculating the value of unsold inventory items at the end of an accounting period. The purpose of the valuation is to determine the amount that went into purchasing the inventory and to prepare the items for sale. How to calculate inventory using the FIFO method . If the LIFO may.

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Locus

MAY 20, 2024

This blog delves into essential acronyms and abbreviations, from BOPIS to WISMO, that are pivotal for optimizing supply chains and elevating customer satisfaction. This fulfillment method cuts down delivery costs of serving customers especially in dense cities. How to Improve Fleet Utilization?

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GoShip Blog

FEBRUARY 5, 2024

A few concepts can help you improve your stock management, review the cost of goods, and upgrade the cash flow. How does inventory affect cash flow? The Cost of Goods Sold (COGS) defines the correlation between inventory and your business’s cash flow. Businesses don’t have to automate purchases made to increase inventory.

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Ship Monk

JUNE 30, 2023

We’re going to show you how to identify KPIs for your business by breaking the process down into three parts. A KPI may be a single metric, like “sales,” or a calculation that uses more than one metric, such as dividing sales by the number of orders to find the average order value in a given time period.

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GoShip Blog

MAY 22, 2023

This blog post will cover everything you need to know about cross-border eCommerce shipping. From understanding the different types of services and costs associated with cross-border shipping to navigating the complexities of international regulations, we have you covered. If so, you’ve come to the right place!

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Ship Monk

NOVEMBER 30, 2023

It just so happens to be a KEY metric, that tells stakeholders how well they’re doing at reaching a particular business goal. We recently covered KPIs for Ecommerce Businesses in another blog post. So, some of the metrics on your dashboard might also be KPIs. The purpose of this article is to highlight the top metrics to watch.

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Ship Monk

JANUARY 11, 2023

Inventory purchased and stored in anticipation of a change of season or a major event such as a Black Friday or Cyber Monday sale. To calculate, simply divide total revenue during a given time period (say one month) by the number of orders during that same timeframe. Cost of Goods Sold (COGS). Anticipatory Stock.

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