Ship Monk

OCTOBER 17, 2022

3PL —a simple abbreviation for one of the most complex, integrated, helpful entities operating in the eCommerce landscape. 3PL stands for third-party logistics, and at a glance a 3PL partner provides eCommerce brands with solutions to their fulfillment needs. 3PL vs. 1PL, 2PL, 4PL, and 5PL. Don’t worry; you can change later on.

eCommerce 109

eCommerce 3PL Logistics Network Optimization Software Supply Chain Design Software 109

Ship Monk

OCTOBER 6, 2021

An invention of particular note was and continues to be eCommerce, or the selling and buying of goods and services online. We’re not laundry experts, but we do know a thing or two about eCommerce. Also in 1969, CompuServe, an online service provider often cited as the first eCommerce company, was founded by Dr. John R.

eCommerce 98

eCommerce Logistics Network Optimization Software Modeling Software Military 98

Ship Monk

JULY 11, 2022

As the hero of your business journey, every eCommerce entrepreneur also needs their own amazing method of transportation that they can count on to get their goods to customers. That being said, it is definitely helpful to understand the benefits each shipping carrier brings to the table. FedEx Shipping Service .

eCommerce 52

eCommerce Logistics Network Optimization Software Purchasing Skills Supply Chain Design Software 52

Ship Monk

JANUARY 27, 2021

In 2019 alone, 9,302 stores announced their farewells , sending both devoted shoppers and data analysts into a frenzy. In all fairness, eCommerce is definitely a driving force behind the changing landscape of retail. P.S. Want to stay up-to-date with the latest eCommerce trends? As always, we’re here to help.

eCommerce 98

eCommerce Picking Material Savings Production 98

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.

eCommerce 52

eCommerce Inventory Reduction Supply Chain Planning Software Supply Chain Software 52

Ship Monk

AUGUST 22, 2022

In our eCommerce fulfillment blog we sometimes highlight industry jargon that’s essential for every entrepreneur. SKUs provide sellers and the 3PL fulfillment centers that they work with invaluable data about sales and inventory management. And the size would definitely have an alphanumeric assignment (small, medium, large, etc.).

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

Ship Monk

JUNE 16, 2021

While operating at 110% capacity may not always be feasible, making the most of the eCommerce slow season definitely is. A multichannel eCommerce solution is packed with plenty of advantages you won’t want to miss out on. If you’ve been itching to pick up the pace, you’ve stumbled upon the right blog post. Expand Your Reach.

eCommerce 91

eCommerce Inventory Reduction How To After-sales 91

Ship Monk

JULY 7, 2022

Minimum Order Quantity Definition. All eCommerce brands may encounter minimum order quantities when ordering raw materials. The eCommerce company may have to set an MOQ of their own to maintain profitability. The post What is Minimum Order Quantity and Should My eCommerce Business Set One? MOQ Takeaways.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

Ship Monk

NOVEMBER 14, 2022

For others, they’re signs of elevated stress levels, which can definitely lead to eating way too many cookies. 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. Slice of cake.

eCommerce 52

eCommerce Material Savings Inventory Reduction Cost Reduction 52

Ship Monk

JANUARY 27, 2023

While “going with it” is an acceptable strategy for some areas of the holidays; it’s not a strong plan for ecommerce brands during peak season. Get Faster Shipping Options Peak season is when ecommerce brands of all sizes across all verticals feel the most pressure to deliver on the delivery front. Reduce Cart Abandonment 2.)

eCommerce 52

eCommerce Inventory Reduction Purchasing Skills Material Savings 52

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

eCommerce Supply Chain Planning Software Inventory Reduction Supply Chain Software 52

Ship Monk

JANUARY 16, 2024

Is your ecommerce business growing so quickly that you’re having trouble keeping products in stock? Let’s start with a few definitions. A perpetual inventory system also collects important sales data that can aid in forecasting demand and become a powerful analytical tool for accounting, finance, marketing, and sales teams.

Inventory Reduction 103

Inventory Reduction Inventory Supply Chain Software Logistics Network Optimization Software 103

Ship Monk

JUNE 30, 2023

There seem to be about a million metrics to watch if you want to run a successful ecommerce business. You can track as many metrics as you want, but not every performance indicator qualifies as a KEY performance indicator (KPI) for your ecommerce business. Let’s start with some definitions. Which ones are the most important?

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

Ship Monk

MARCH 30, 2024

Just as online shoppers have a lot of choices when it comes to where to take their business, ecommerce brands have many options for where to take theirs in terms of order fulfillment. While there are plenty of 3PLs out there that your ecommerce brand could consider for its order fulfillment needs, not all are equal.

3PL 105

3PL Supply Chain Design Software Optimization Software Supply Chain Software 105

Ship Monk

OCTOBER 30, 2024

Every step of an ecommerce brand’s journey is important. Here at ShipMonk, we understand that, and because of it we assign every ecommerce brand a 3PL onboarding expert to help guide merchants through this critical time. Q: How is it different working with smaller vs. larger ecommerce brands? It really depends.

3PL 63

3PL eCommerce Inventory Webinar 63

Ship Monk

OCTOBER 10, 2023

On the other side of that coin, ecommerce brand owners need to be just as careful when selecting their 3PL fulfillment service partners. Omnichannel fulfillment services are definitely not one size fits all, as every ecommerce brand is unique and has its own special needs.

Procurement Solutions 63

Procurement Solutions Logistics Network Optimization Software Optimization Software eCommerce 63

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. Pro tip : Combine historical data with other forms of demand forecasting for a greater view of your inventory needs. #3

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Inventory 52

Ship Monk

JUNE 26, 2023

You’ve built a strong ecommerce brand with amazing product(s) and are actively growing. There are many reasons ecommerce brand owners begin considering outsourcing order fulfillment. Too Much Time Spent on Fulfillment As an ecommerce brand owner, you wear many hats. The answer is you wouldn’t.

Outsourcing 52

Outsourcing Ordering eCommerce Inventory Reduction 52

Ship Monk

MARCH 20, 2023

Safety nets aren’t just for folks jumping out of airplanes; every ecommerce business owner should have safety nets built into multiple levels of their operations to deal with an industry that is always in flux. Manufacturers can also keep safety stock to cover the ecommerce businesses they work with. What is Safety Stock?

Supply Chain Planning Software 52

Supply Chain Planning Software eCommerce Supply Chain Software Inventory 52

Logistics Viewpoints

DECEMBER 1, 2022

Consumers’ appetite for ecommerce and home delivery continued to grow in 2022 but has been tempered by high inflation in the latter half of the year. The key point was that the pandemic converted more consumers to ecommerce and home delivery, especially the 55+ demographic. What better way to do it and make customers happier?

Cost Reduction 131

Cost Reduction Resource Reduction Supply Chain Planning Software Logistics Network Optimization Software 131

Logistics Business Magazine

OCTOBER 2, 2024

Mingo’s smart factory solution is transforming manufacturing by providing an end-to-end solution, from sensors to data collection to analytics, delivering scalable, real-time insights into factory floor productivity.

Factories 58

Factories Supply Chain Software Logistics Network Optimization Software Waste Reduction 58

Logistics Viewpoints

APRIL 15, 2021

In my Logistics Viewpoints article in January 2021, “ The New Definition of Supply Chain Agility and Resilience in an Unpredictable World ”, I highlighted that modern supply chains must be built on a foundation of extreme agility and responsiveness. In fact, it may lead to increased variable costs. It should also be shared downstream.

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 159

Logistics Viewpoints

FEBRUARY 28, 2022

Let’s start with a definition: any device that can perceive its environment and takes actions that maximize its chance of success at some goal is engaged in some form of artificial intelligence (AI). It is also worth pointing out, that based on this definition, not all forms of machine learning are particularly complicated.

Supply Chain Planning Software 176

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 176

Ship Monk

FEBRUARY 16, 2023

In the ecommerce industry it’s a feeding frenzy out there—DTC and B2B retailers doing everything they can to get shoppers’ attention. Colossal companies like Amazon created this “new normal” in the ecommerce industry, and all merchants have been forced to follow or get left out in the cold. That’s a problem for ecommerce brands.

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

GlobalTranz

FEBRUARY 23, 2015

Combine this with the fascination in industry for “big data” and you have a recipe for a specialised, cloud-based archiving language. Like, eCommerce. “Big data is the idea that storing masses of information can help identify patterns that allow companies to make more accurate market predictions. .

Automation 96

Automation Reverse logistics Data Material Savings 96

Ship Monk

SEPTEMBER 6, 2023

This is one of the simplest ecommerce metrics to calculate. For example, if your omnichannel ecommerce business processed 5,000 orders last month for a total of $300,000, the average order value for the month was $60. But you can definitely find a happy medium with certain expedited options like 2-Day shipping.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Price Reduction 52

Morai Logistics

MARCH 14, 2019

The Global ecommerce market has seen an incredible increase in market value over the last 5 years as a result. Statistics show that in 2014, the global ecommerce market generated USD $1.3 However, we often hear of these digital tools from a data and insight or a predictive analytic perspective. Real-time data.

Supply Chain Software 60

Supply Chain Software Optimization Software Supply Chains Optimization 60

LandLink

MARCH 11, 2020

There is also the challenge of completing same-day deliveries or time definite deliveries. It could be argued that the ecommerce boom started all this controversy overweight vs size. Ecommerce shippers have millions of items in inventory and a finite amount of box sizes. It’s really a simple equation; L x W x H / 139.

Price Reduction 62

Price Reduction Expense Reduction Inventory Reduction Strategy 62

EazyStock

JULY 22, 2021

But first – let’s get a definition: What is inventory demand forecasting? Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. If you analyzed the historical sales data of every product in your warehouse, you’d find that the demand for different items varies considerably.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Software Procurement Solutions 105

GlobalTranz

FEBRUARY 25, 2021

Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics.”. The supply chain of reverse logistics poses some serious challenges, especially with the recent explosion of ecommerce. For example, ISO standards mandate the proper disposal of electronics to prevent data theft.

Reverse logistics 84

Reverse logistics Inventory Reduction Cost Reduction Manufacturing Procurement 84

Ship Monk

JANUARY 20, 2023

Welcome back to the ultimate guide for enhancing your ecommerce knowledge! In PART 2 of our epic ecommerce terms guide and glossary, we’re here for you—the ecommerce merchants and entrepreneurial warriors of the world—to explain key terms relating to ecommerce, logistics, fulfillment, inventory, and more.

eCommerce 52

eCommerce Inventory Reduction Material Savings Manufacturing Procurement 52

Ship Monk

MAY 20, 2021

If you really want to play it smart, market research is one step you definitely don’t want to skip out on. In addition to understanding your market, try to contextualize it as much as possible with historical trends and stone cold data. Who will be your logistics partner as you navigate the world of eCommerce?

How To 96

How To Price Reduction Course Analysis 96

Ship Monk

SEPTEMBER 26, 2023

If you also happen to be an ecommerce business owner, you’d better be upping your m-commerce game. Because it’s estimated that over 50% of all ecommerce purchases during the 2022 holiday season were made on a smartphone. Ecommerce, Mobile Commerce, and Social Commerce Explained Before we get started, here are a few definitions.

eCommerce 63

eCommerce Optimal Sourcing Optimization Software Logistics Network Optimization Software 63

The Logistics of Logistics

FEBRUARY 11, 2022

You are Facing New Omnichannel Fulfillment Requirements : The boom of ecommerce and direct to consumer demands require new strategies and cutting-edge WMS capabilities. Your Current WMS Technology is Simply Too Old : A “Burning Platform” is increasingly difficult to maintain and very hard to modify for new requirements.

Modeling Software 221

Modeling Software Logistics Network Optimization Software Cost Reduction Vendor Strategies 221

Conger

JULY 30, 2021

In this article, you’ll learn: The definition of omnichannel distribution. A simple omnichannel distribution definition is that it’s a way of giving consumers the freedom and ease to buy and receive orders from any sales channel they choose. With the rise of eCommerce, consumers have more purchasing options than ever before.

Inventory Reduction 52

Inventory Reduction Distribution Vendor Strategies Waste Reduction 52

3PL Links

JUNE 4, 2024

From definition to best practices for implementation, this article will cover every facet of logistics in e-commerce. Customer satisfaction eCommerce companies place a high premium on customer satisfaction. Data analysis Analytics of your data can yield insightful information about your logistics processes.

Optimal Sourcing 48

Optimal Sourcing Logistics Network Optimization Software Optimization Software Supply Chain Software 48

GlobalTranz

JULY 20, 2016

In 2015, global eCommerce generated more than $6.6 Meanwhile, major payment processing companies, such as Visa, and dominant shippers are turning their attentiveness to improving global eCommerce this year. Replacement of Old eCommerce Platforms. More Use of SaaS Systems for eCommerce.

Supply Chain Design Software 50

Supply Chain Design Software Optimization Software Logistics Network Optimization Software Supply Chain Software 50