Ship Monk

FEBRUARY 12, 2024

Ecommerce bands, even those with amazing reverse logistics operations in place, feel the negative impact of returns. If your ecommerce brand is dealing with a return then typically one of three things has happened: 1.) Because, as much as ecommerce brands don’t like returns, buyers sure don’t like them either. How, you may ask?

Inventory Reduction 59

Inventory Reduction Material Savings eCommerce Resource Reduction 59

Ship Monk

APRIL 28, 2021

Starting an eCommerce business is certainly no small feat, and it takes a special kind of tenacity and follow-through to find long-lasting success in such a competitive — but exciting! You can’t run before learning how to walk, and you can’t walk before learning how to crawl. Ready to launch into digital superstardom, eh?

eCommerce 72

eCommerce Inventory Reduction Definition After-sales 72

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

APRIL 1, 2021

We’re all familiar with companies who’ve struck eCommerce gold, and it’s quite likely that we model our own business decisions after their sweeping success. But how exactly did they get there? After keenly observing the eCommerce game, we’ve compiled nine moves that will have you passing go and collecting $200 (and more!)

eCommerce 69

eCommerce Tips Inventory Reduction After-sales 69

Ship Monk

MAY 20, 2021

No matter how insular you feel, nothing exists in a vacuum, especially in the digital realm. If you really want to play it smart, market research is one step you definitely don’t want to skip out on. How will you scale into the global market? 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 64

eCommerce Optimal Sourcing Optimization Software Logistics Network Optimization Software 64

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

DECEMBER 5, 2022

Does it feel like your ecommerce business should be more profitable than it is? 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. Stick with us and you’ll learn how to calculate landed cost — and how this number affects your profitability.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

Ship Monk

DECEMBER 1, 2022

While a hundred years ago you’d be lucky to get a package across the country in a few weeks, over the last twenty years the ecommerce industry has completely changed customer expectations. Amazon is credited for transforming how shoppers think about delivery of their ordered goods. Sound simple?

eCommerce 52

eCommerce Purchasing Skills Eliminating Excel in Purchasing Price Reduction 52

Ship Monk

MARCH 14, 2023

If that’s you and you’re an ecommerce business owner, keep reading for eco-friendly packaging options your company could invest in this year to save money and help preserve the planet. Okay, there are two ways we could write this part of our eco-friendly ecommerce blog: 1.) What is Eco-Friendly Packaging?

Material Savings 52

Material Savings eCommerce Packaging Ordering 52

Ship Monk

MARCH 14, 2023

If that’s you and you’re an ecommerce business owner, keep reading for eco-friendly packaging options your company could invest in this year to save money and help preserve the planet. Okay, there are two ways we could write this part of our eco-friendly ecommerce blog: 1.) What is Eco-Friendly Packaging?

Material Savings 52

Material Savings eCommerce Packaging Ordering 52

Ship Monk

APRIL 26, 2023

While a hundred years ago you’d be lucky to get a package across the country in a few weeks, over the last twenty years the ecommerce industry has completely changed customer expectations. Amazon is credited for transforming how shoppers think about delivery of their ordered goods. Sound simple?

eCommerce 98

eCommerce Purchasing Skills Eliminating Excel in Purchasing Procurement Solutions 98

Ship Monk

AUGUST 22, 2022

In our eCommerce fulfillment blog we sometimes highlight industry jargon that’s essential for every entrepreneur. Whether you do or you don’t, this blog can help finetune your understanding of what SKUs can be utilized for, how to use them to grow your business , and best practices for this crucial part of inventory management.

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 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 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 Manufacturing Procurement 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

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

Ship Monk

SEPTEMBER 19, 2022

Remember when you were managing your eCommerce business out of your garage? Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. How do you calculate carrying or holding cost? How Can ShipMonk’s 3PL Software Help? So what exactly is holding cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Ship Monk

JANUARY 11, 2024

‘Tis the season for processing ecommerce returns. Depending on which article you’re reading, ecommerce brands should be prepared for return rates of anywhere from 16% to 30%. How to Prevent Damage to Your Brand The first and best way to keep returns from damaging your brand is to prevent as many as you can.

Procurement Solutions 111

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 111

Logistics Business Magazine

AUGUST 7, 2024

Whether it’s the unpredictability of delivery service, or the lack of communication during critical moments, uncertainty will impact how customers perceive and interact with a brand. The post How to Overcome Uncertainty for Seamless Customer Delivery appeared first on Logistics Business.

How To 53

How To Material Savings Cost Reduction Logistics Network Optimization Software 53

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. To do that, you need to stand out before and after. #1

Procurement Solutions 64

Procurement Solutions Logistics Network Optimization Software Optimization Software eCommerce 64

Ship Monk

JULY 31, 2023

In ecommerce, we spend a lot of time talking about logistics. But just as we must constantly evolve to provide ecommerce businesses the best, fastest, most cost-efficient solutions for order fulfillment, so must we prepare brands for when items get returned. ShipMonk does too; after all, we are a 3PL third-party logistics provider.

Reverse logistics 52

Reverse logistics Logistics Network Optimization Software eCommerce Disposal 52

Ship Monk

JANUARY 4, 2024

She definitely gets sh*t done! He plays a critical role in our receiving department with the swagger of a ShipMonker who knows how to get sh*t done. He definitely gets sh*t done! She definitely gets sh*t done! Her dedication is recognized by management with a loud and cheerful Thank You!

Outbound 105

Outbound Packing Definition Picking 105

247 Customs Broker

NOVEMBER 20, 2019

Well if you have worked in an eCommerce or a retail logistics team, you would definitely understand the hustles… The post Flash sale events! How to win the last mile on days like Black Friday or Thanksgiving appeared first on 24/7 Customs Broker News. What’s with same-day or next-day deliveries?

Events 28

Events How To Definition eCommerce 28

Ship Monk

AUGUST 3, 2022

In the world of eCommerce, that proverb certainly holds true. But what is this mysterious entity in the eCommerce world? And how much can you really gain from joining forces with them? And how much can you really gain from joining forces with them? Logistics Service Provider Definition. Ready, Set, Migrate!

Logistics Network Optimization Software 52

Logistics Network Optimization Software eCommerce Inventory Reduction Resource Reduction 52

ShipLilly

APRIL 19, 2021

Therefore, it makes sense for shippers to understand how both LTL and FTL can effect your Ecommerce fulfillment process and the associated costs. Let us begin with key definitions. Definitions. How to Choose: Floor Loaded vs. Palletizing. This article explains some of the key aspects of FTL and LTL.

Packing 98

Packing Cost Reduction Definition Security 98

Locus

MAY 2, 2023

Time and day-definite deliveries : Customers want flexibility to select their preferred delivery dates and time slots for their orders. By providing time and day-definite fulfillment, deliveries become more predictable and it makes them trustworthy. Are you looking to simplify multi-carrier delivery management? Schedule a demo with us!

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Operations How To Logistics Network Optimization Software 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

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. How to Optimize Your Return Logistics Through Integration. Managing return logistic can be challenging.

Reverse logistics 84

Reverse logistics Inventory Reduction Manufacturing Procurement Cost Reduction 84

Ship Monk

JUNE 9, 2023

As an all-in-one solution, we at ShipMonk, handle both distribution and fulfillment for ecommerce businesses. When we’re prepping merchandise for Amazon FBA or shipping cases of merchandise to Target for an ecommerce brand, we’re dealing in wholesale distribution. Let’s start with a few definitions. So, what’s the difference?

Distribution 52

Distribution Logistics Network Optimization Software Supply Chain Design Software Modeling Software 52

Ottawa Logistics

MARCH 24, 2022

Although Bill Gates is quoted as saying, “Your most unhappy customers are your greatest source of learning,” he most definitely did not build the Microsoft empire off of bad logistics. Ecommerce Customer Retention. ecommerce fulfillment. ecommerce packaging and shipping. how to lower costs. TAGS: best practices.

Distribution 62

Distribution Inventory Reduction Material Savings Cost Reduction 62

ShipLilly

OCTOBER 14, 2020

Successful organizations in the eCommerce world can streamline their supply chain through the correct selection of distribution and fulfillment centers depending on their operational needs. The most basic definition of a distribution center is any waystation that allows for products to be redistributed.

Distribution 98

Distribution Supply Chains Picking Ordering 98

Ship Monk

MAY 23, 2023

Things that customers and ecommerce merchants dislike equally: “Where’s my order?” Once your ecommerce brand has reached significant sales, and you can effectively analyze buyer behavior, it’s time to think about the best ways to disperse your inventory. Strategically located fulfillment centers. 2PL vs. 3PL Warehouses store things.

Inventory Reduction 52

Inventory Reduction eCommerce Supply Chain Planning Software Cost Reduction 52

The Logistics Academy

JUNE 27, 2016

There’s no denying that over the past ten years, China’s ecommerce market has exploded. Heck, ten years ago, two of China’s biggest ecommerce platforms – Tmall and JD – didn’t even exist, and Taobao was nothing close to the giant sales behemoth that it is today. (Photo Credit: Sina ). Source: TechInAsia.

Logistics Network Optimization Software 40

Logistics Network Optimization Software eCommerce Express delivery Logistics 40

Morai Logistics

JUNE 5, 2019

Instead of presenting a single definition to explain supply chain excellence, let’s discuss how supply chains help organizations, like Adidas, succeed. These statistics show an increase in consumer demand, an outcome that is commonly linked to ecommerce and anywhere, anytime platforms. The impact of global markets. trillion U.S

Eliminating Excel in Purchasing 60

Eliminating Excel in Purchasing Supply Chain Software Supply Chains Strategy 60

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

Logistics Business Magazine

APRIL 23, 2021

The demand on ecommerce was staggering. Companies were left scrambling, trying to figure out how to meet this heightened demand, keep their employees safe, and continue to operate without their usual supply chain networks. How could companies meet demands while keeping their employees safe and maintaining their bottom line?

Supply Chain Software 58

Supply Chain Software Manufacturing Procurement Automation Supply Chain Design Software 58