Ship Monk

MARCH 23, 2023

If you want to strike fear into the heart of an ecommerce business owner, say the words, “inventory discrepancy.” Unfortunately, inventory discrepancies are a common occurrence in many ecommerce businesses and fulfillment warehouses. We know this, because they’re usually the reason ecommerce businesses turn to us for help.)

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Ship Monk

SEPTEMBER 14, 2022

There are a lot of accounting terms thrown around when describing eCommerce inventory: merchandise inventory , WIP inventory , ending inventory , and beginning inventory to name just a few. For an eCommerce business, inventory is your most valuable asset (at least in terms of bookkeeping) and also one of your largest costs.

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Ship Monk

JULY 27, 2022

For an eCommerce business owner, the answer is obvious: How the heck do I get a handle on my inventory management ?! Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! If you had a crystal ball, what is the first thing you would ask? What is Demand Forecasting?

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Freightos

APRIL 2, 2024

More Resources Home April 2, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. China – N. Europe weekly prices fell 6% to $3.31/kg.

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Ship Monk

JUNE 2, 2022

FORT LAUDERDALE, FL – Today, ShipMonk announced the launch of a new strategic partnership and direct integration with Gorgias , the leading help desk platform for high-growth eCommerce brands. Leading hyper-growth eCommerce brands like Brumate and Ekster currently leverage both services. About ShipMonk. About Gorgias, Inc.

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Ship Monk

NOVEMBER 14, 2022

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. Ecommerce growth is expected to be up about 2.5% 2 Analyze Your Past Data and Compare It to Current Trends. Slice of cake.

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Ship Monk

MAY 25, 2023

As a result, small ecommerce businesses paid dearly to tap into those resources. Now, thanks to 3PLs like ShipMonk, smaller ecommerce merchants can take advantage of this inventory distribution strategy to decrease order shipping times and reduce shipping costs. Why Would an Ecommerce Business Split Inventory? Faster Shipping.

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WorkWave

DECEMBER 17, 2024

Ecommerce giants like Amazon have set high standards for rapid deliveries (same-day shipping), prompting smaller businesses to adapt to these heightened expectations or risk falling behind. This data-driven approach can help businesses make informed decisions to optimize their courier operations as well as demand forecasting.

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Ship Monk

JUNE 8, 2022

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. Most of these methods rely on past sales data, future forecasting, or a combination of the two to help inventory managers predict how much inventory they’ll need. Let’s say your eCommerce business makes cotton baby blankets.

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Ship Monk

NOVEMBER 3, 2022

Successful, scalable eCommerce order fulfillment hinges on efficient pick and pack warehouse operations. The faster the fulfillment center or 3PL (third party logistics company) can pick, pack and ship, the faster your eCommerce business can grow. Find out exactly what goes on after you hit that “buy” button. The Pick and Pack Process.

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Logistics Business Magazine

DECEMBER 9, 2020

Watch the demo video here to see how it will work. Tuesday 23rd: Automated & Robot Warehouse Vehicles; Packaging for eCommerce; Contract Logistics & Freight Management. Thursday 25th: Transport Management IT Platform Decisions; Wearable Devices and Data Capture in Logistics; Pallets & Containers for Green Supply Chains.

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Ship Monk

JULY 28, 2022

Any eCommerce business that manufactures goods has three different types of inventory at any given time: Raw Materials Inventory , Work in Process Inventory , and Finished Goods Inventory. If your eCommerce business makes and sells hats, for example, you purchase raw materials such as fabric, thread, leather, ribbon, etc.

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Ship Monk

JUNE 16, 2022

When eCommerce businesses or fulfillment centers use the term “slotting,” they’re referring to a method of organizing inventory in a warehouse to optimize fulfillment operations. The eCommerce businesses that sell direct to consumers (DTC) store their products in warehouses or third party logistics (3PL) fulfillment centers.

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Ship Monk

JULY 21, 2022

What eCommerce owner wouldn’t love a perpetual flow of products guaranteed to never run out? In this blog we’re going to explain what a perpetual inventory system does, the difference between it and other inventory systems, and why it’s the ideal solution for omnichannel eCommerce businesses. Perpetual inventory.

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Ship Monk

DECEMBER 15, 2023

Will the huge growth in ecommerce sales continue, or will the numbers fall back to “normal” pre-pandemic levels? We also hope you’re paying close attention to the data coming in because this will become your baseline for many BFCM seasons to come. Perhaps this will be the year to invest in more powerful data analytics tools.

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Ship Monk

FEBRUARY 8, 2023

Most ecommerce business owners have a few key performance indicators (KPIs) that they track daily, if not hourly. But there are a host of other metrics and KPIs on the operations side that have just as great an impact on the profitability of your ecommerce business. It tells you at a glance how you’re doing at meeting that goal.

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Ship Monk

NOVEMBER 21, 2022

You’ve done the hard work of building your startup into a successful ecommerce business. The good news is that there’s an easy formula ecommerce businesses can use to calculate the optimum reorder point for each SKU in your product line. Improving Data. Demand forecasting and inventory management rely on accurate data.

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Locus

JUNE 16, 2023

In conclusion, the implementation of these strategies, backed by real-time data, can help businesses significantly trim their last-mile delivery costs. Balancing customer satisfaction and cost-effectiveness is crucial in the evolving landscape of ecommerce, and these tactics can aid businesses in achieving this equilibrium.

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EazyStock

DECEMBER 21, 2022

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Different demand types or classifications If you analyze the historical sales data of every product in your warehouse, you’ll find that the demand for different items varies considerably. appeared first on.

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EazyStock

DECEMBER 21, 2022

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Different demand types or classifications If you analyze the historical sales data of every product in your warehouse, you’ll find that the demand for different items varies considerably. appeared first on EazyStock.

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Ship Monk

MAY 19, 2022

Not all eCommerce brands offer backordered items for sale. As in: Do you have data to support that customers will buy and not return backordered items? In terms of eCommerce brands, with so many layers to supply chain networks, seasonal shifts, and fluxes in customer behavior, backorders can happen for an array of reasons.

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Locus

AUGUST 10, 2022

These included: Smart order allocation, order scheduling and assignment, dispatch management, intensive capture of data points, and cash collection management. To know how to boost your last-mile excellence with the Locus Dispatch Management platform, schedule a demo with our experts. Schedule Demo. Zeroing in on Locus.

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EazyStock

DECEMBER 13, 2021

A basic risk of stockout spreadsheet can be easily set up using the following data: Current stock items, items on order and in transit. Ensuring your Data is Accurate and Up-to-Date. Similarly, you may want to increase eCommerce prices across your digital channels to lower demand and avoid showing ‘out-of-stock’. Lead times.

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Locus

MAY 25, 2022

Use data insights. The obvious answer is data. Data has occupied an inevitable space in the last-mile delivery planning and its strategic implementation. Data insights are the magnetic compasses that indicate whether your business is moving in the right direction. Try a demo with Locus now! Schedule a Demo.

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Logistics Business Magazine

MARCH 30, 2022

However, the company wanted to go a step further and look for tools able to provide objective data and values. Distance and time zone were not a problem for the teams, who shared information, demos, results and questions through online meetings on a weekly basis from November 2021 to March 2022.

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Locus

SEPTEMBER 19, 2023

In the face of complex routing and capacity issues, integration issues leading to data silos, visibility problems, and more, carriers and last-mile businesses really have their work cut out for them. On the flip side, it is a leader in its extensive use of Data Analytics to spot hidden inefficiencies and capture new growth opportunities.

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Locus

FEBRUARY 7, 2022

The algorithms continuously learn and optimize routing and vehicle selection by analyzing data across three levels – riders, customers and, time of the day. To know more about how DispatchIQ can help unleash the power of automation for your business, click here to schedule a demo with us today! Share and Enjoy !

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Locus

SEPTEMBER 27, 2022

Albert also covered how Locus’ offerings help operation managers allocate the optimal number of vehicles to be used in a fleet, and its historical data access helps them effectively plan the number of drivers to serve in a delivery zone the next week, day or month. Quick access to data insights: The need of the hour. Schedule a Demo.

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Locus

MARCH 30, 2022

Its historical data insights on various delivery metrics help you evaluate the performance of delivery partners and rectify the inefficiencies that crop up. The increase in urban population and the growing number of smartphone users, and increased data consumption are driving up delivery volumes. Reach out to Locus for a demo today!

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Locus

DECEMBER 15, 2022

Most small eCommerce and delivery firms rarely have the resources to manage delivery exceptions. Data insights + Machine Learning = Increased ability to predict SLA breaches. Last-mile visibility helps you generate comprehensive data insights on your current and past deliveries. Schedule a Demo. Higher Overheads.

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Locus

SEPTEMBER 17, 2021

A lack of transparency, coupled with outdated systems, traditional paper processing and manual data processing aggravates risks for their business. F&B brands should have proper access to relevant data and a clear flow of information to gain critical insights on their partners’ activities. Improve real-time tracking abilities.

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Locus

MAY 2, 2023

As they were opening new warehouses in different cities quite rapidly, processes like the constant uploading of data manually onto a Transport Management System put a cap on bringing efficiencies at scale and achieving high service levels. Want to ease your business operation with effective logistics management?

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Locus

APRIL 5, 2022

Its shipment movement data helps businesses spot the inaccuracies or errors in order fulfillment and rectify them. The major reason behind this was that businesses were unable to comprehensively track whether they were meeting their order fulfillment KPIs on the ground, relying more on manual data collection, calculation and updates.

Digital 52

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Logistics Business Magazine

JUNE 14, 2024

During the conversion and modernisation of an assembly hall to produce the E- and GLC-Class series at the Sindelfingen site, the focus was on the networking and transparency of all intralogistics supply processes as well as the necessary data acquisition and evaluation. If required, the data is forwarded to an ERP or WMS system in real time.

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Locus

OCTOBER 27, 2023

These robust data points shine a light on a prevalent challenge: a number of businesses still grapple with delivering customer experiences that are consistently delightful or even passably satisfactory. This Diwali, light up your brand’s reputation with Locus, where every delivery is a promise kept.

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Logistics Viewpoints

SEPTEMBER 25, 2023

At last year’s CloudWorld, Oracle presented their vision for transforming the healthcare industry by applying AI to vast amounts of anonymized patient record data. The Supply Chain Command Center product demos beautifully. Generative AI is a major topic at all the enterprise events this year.

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FreightWaves SONAR

FEBRUARY 11, 2021

According to Supply Chain 24/7 , “If 2020 taught us anything, it demonstrated that to succeed, maximize resilience, and ensure business continuity, companies need to maximize every available channel – ecommerce, direct-to-consumer, retail and distributors. Request a FreightWaves SONAR demo by clicking the button below to get started.

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