Ship Monk

DECEMBER 5, 2022

Could there be hidden costs you’re not accounting for in your pricing strategy? 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. landed costs. What is Landed Cost? Landed Cost vs. Cost of Goods Sold.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Cost Reduction eCommerce 52

Locus

JULY 28, 2022

The sports manager (Brad Pitt) works under severe cost constraints to build a team. Similarly, businesses face rising cost pressures while managing last-mile logistics operations. Despite the cost pressures, they assign the right order to the right delivery agent. Did the delivery turn out to be costly or cost-effective?

Optimization Software 52

Optimization Software Modeling Software Definition Logistics Network Optimization Software 52

Ship Monk

JANUARY 9, 2024

ShipMonk nurtures relationships and facilitates integrations with shipping companies, as well as providers of third-party tools and systems that enable ecommerce businesses to thrive. If your ecommerce brand hasn’t explored other sales channels, you are definitely missing out. On Thanksgiving Day, 59% of online sales were on mobile.

eCommerce 105

eCommerce Trends Optimization Software Supply Chain Software 105

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats.

Supply Chain Planning Software 113

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 113

Logistics Bureau

DECEMBER 4, 2024

What is purchasing? I asked one of our purchasing management experts exactly that question so you can hear it directly from the horse’s mouth. What is Purchasing in Logistics? In short, purchasing is a transaction: you buy an item or a service. Why do people get confused between purchasing and procurement?

Manufacturing Procurement 40

Manufacturing Procurement Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills 40

Ship Monk

MARCH 11, 2024

Did you know that 93% of consumers say that online reviews influence their purchase decisions? In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions. Adding social proof to your website, product pages, and marketing tools builds trust in your product.

eCommerce 105

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 105

The Lean Thinker

DECEMBER 9, 2022

The work also met every definition of “difficult, dirty and dangerous.” Instead, we should look at the information system as a tool that should enable people do to a job they otherwise could not. ” The system was not without its problems, however. Oversimplification or not, however, the effect was stark.

Modeling Software 259

Modeling Software Optimization Software Expense Reduction Resource Reduction 259

Ship Monk

FEBRUARY 3, 2024

These people are genuinely interested in your product — so much so, that they have purchased your products. Email vs. Other Forms of Communication For many years, email has been the gold standard of communication tools for DTC businesses. They’ve trusted you with their email address and mobile number. The downside? It’s common sense.

eCommerce 105

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 105

Ship Monk

SEPTEMBER 19, 2022

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. It wasn’t until your business took off and they kicked you out that you began incurring holding costs a.k.a. carrying costs, and needed to learn what those are. So what exactly is holding cost?

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Ship Monk

APRIL 26, 2023

2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. Reduce Cart Abandonment Fact: Two of the top reasons online shoppers abandon carts are high shipping costs and slow delivery speeds. Sound simple?

eCommerce 98

eCommerce Purchasing Skills Eliminating Excel in Purchasing Procurement Solutions 98

Ship Monk

MARCH 30, 2024

We’re talking the tools, technology, and team members who set you up for success on all fronts. Unfortunately, sometimes supply chain disruptions, differing carrier restrictions, and fluctuating costs can keep that from happening. It’s quick, it’s cost-effective, and it’s easy to implement. Have more questions?

3PL 105

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

Ship Monk

AUGUST 15, 2022

If your eCommerce business sells lanyard bracelets or fuzzy socks, shipping costs and shipping processes are easier than, say, if you sell grand pianos or plasma televisions. the topic of heavy shipping costs and shipping processes is a must. That’s just the way it goes. Heavy Shipping Checklist.

Purchasing Skills 52

Purchasing Skills Logistics Network Optimization Software Procurement Solutions eCommerce 52

Logistics Viewpoints

DECEMBER 1, 2022

The only bright note is that shipping costs will be a fraction of what they were over the last several years. Source: Descartes Datamyne. 2023 call: Consumers will focus on home delivery performance and retailers will focus on home delivery cost reduction or recovery. Figure 1: U.S. Pretty much nailed it.

Cost Reduction 117

Cost Reduction Resource Reduction Supply Chain Planning Software Logistics Network Optimization Software 117

Morai Logistics

SEPTEMBER 14, 2018

The definition of ‘supply chain’ has also shifted over time. A rise in ecommerce has enabled consumers to purchase products anywhere at any time, which has created a need for immediacy. However, technology also helps develop advanced tools that enable third party logistic providers (3PL) to gain a competitive edge.

Supply Chain Software 102

Supply Chain Software Supply Chains Digital Logistics Network Optimization Software 102

GlobalTranz

MAY 20, 2015

The US quality guru Joseph Moses Juran (born 1904 in Romania ) divides the supplier quality assurance process into nine steps: definition of the product’s quality requirements, evaluation of alternative suppliers. Cost of quality. The definition of this metric is similar to the way it sounds.

Procurement Analytics 99

Procurement Analytics Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 99

Logistics Viewpoints

APRIL 24, 2023

Initially, this product will focus on the purchase order (PO) acceptance process. What seems to be meant by many vendors is that their solution is a platform because they offer development tools that allow their customers or partners can use to build extensions to their solutions. Coupa meets this definition.

Supply Chain Design Software 109

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 109

Logistics Bureau

JANUARY 1, 2025

The inventory value for each item is obtained by multiplying the annual demand by unit cost and the entire inventory is then ranked in descending order of cost. ABC System: A cost management system that maintains operational and financial data relating to an organisations activities, resources, objects, drivers, and measures.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 76

Conger

MARCH 28, 2024

Introduction to Fleet Management Fleet Management Definition Businesses across all sectors depend on commercial vehicles to transport people and products daily from cross-country delivery services to your neighborhood gas and oil provider. This integration also helps detect discrepancies or unauthorized fuel usage, thus controlling costs.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

Transporeon

MARCH 22, 2018

Depending on the mode of transport and the type of product being shipped, the offer matrix can contain individual price components and different quantity structures and units, along with additional information that can make comparisons difficult.

Optimal Sourcing 48

Optimal Sourcing Negotiating Skills Purchasing Skills Negotiate Pricing 48

Conger

FEBRUARY 8, 2024

Refurbishing equipment is a mix of cost savings, equipment availability (whether new or used), and the ability to refurbish equipment, considering component availability. Cost Savings Cost savings is an obvious benefit of refurbishing equipment. Refurbishing can save as much as half of the cost of a new machine.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52

Conger

FEBRUARY 8, 2024

Refurbishing equipment is a mix of cost savings, equipment availability (whether new or used), and the ability to refurbish equipment, considering component availability. Cost Savings Cost savings is an obvious benefit of refurbishing equipment. Refurbishing can save as much as half of the cost of a new machine.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52

Conger

FEBRUARY 8, 2024

Refurbishing equipment is a mix of cost savings, equipment availability (whether new or used), and the ability to refurbish equipment, considering component availability. Cost Savings Cost savings is an obvious benefit of refurbishing equipment. Refurbishing can save as much as half of the cost of a new machine.

Cost Reduction 52

Cost Reduction Purchasing Skills Eliminating Excel in Purchasing Material Savings 52

Ship Monk

SEPTEMBER 26, 2023

Because it’s estimated that over 50% of all ecommerce purchases during the 2022 holiday season were made on a smartphone. Because at least 79% of smartphone users have made a purchase using their mobile device in the last 6 months. Source: OuterBox These mobile factoids are impossible to ignore.

eCommerce 64

eCommerce Optimal Sourcing Optimization Software Logistics Network Optimization Software 64

3PL Links

AUGUST 18, 2023

Everything You Need to Know About Inventory Management | Image source: Pexels Inventory management is a crucial investment for businesses that want to increase productivity, cut expenses, and deliver top-notch customer service. Reduce total inventory costs by increasing turnover or by lowering expenditures and investments.

Inventory Reduction 48

Inventory Reduction Inventory Purchasing Skills Price Reduction 48

EazyStock

OCTOBER 20, 2020

Firstly, let’s get a few definitions: What is inventory control? The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. Remember – providing higher service levels than required costs your company money. Supplier lead times.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

Logistics Bureau

AUGUST 7, 2023

Inventory Availability and Cost: Striking a Balance It’s rarely a good idea to think too lean in ecommerce inventory management. The challenge, then, is to strike a balance between sufficient inventory levels to ensure availability and costs that won’t threaten the future of your enterprise. Book a free consultation.

Inventory Reduction 98

Inventory Reduction eCommerce Inventory Procurement Solutions 98

Ship Monk

JULY 11, 2022

The hero of every epic adventure needs a reliable source of transport. In general, for a brand to reach maximum success, the shrewdest tactic is to partner with a 3PL like ShipMonk that works with a wide network of shipping carriers so your products can go out in the time frame, and at a cost, that benefits you best. .

eCommerce 52

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

CH Robinson Logistics

OCTOBER 3, 2017

Third party logistics and fourth party logistics (4PL) are both purchased professional services that help businesses plan and execute logistics services. A quick definition of fourth party logistics is below: What is 4PL? By providing industry forecasting, 3PLs also help optimize inventory levels and save on inventory holding costs.

Supply Chain Design Software 84

Supply Chain Design Software 3PL Supply Chain Planning Software Supply Chain Software 84

Logistics Viewpoints

SEPTEMBER 9, 2022

It is definitely a bittersweet time of year. The company touted itself as the “world’s largest corporate purchaser of renewable energy” in last year’s sustainability report that laid out its goal to reach net-zero carbon emissions by 2040. The cost to ship a 40-foot container from China to the U.S.

Logistics Network Optimization Software 104

Logistics Network Optimization Software Cost Reduction Resource Reduction Logistics 104

GlobalTranz

FEBRUARY 2, 2016

Each of these definitions applies to a manufacturer’s ability to produce a surplus of a product. Imagine if the typical definitions of productive were applied to manufacturing. Preliminary analysis of smartphone sales in the US indicate more than 120 million smartphones will be purchased, sold, or traded in 2016.

Manufacturing Procurement 58

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 58

Ship Monk

AUGUST 20, 2021

Before you jump on any purchases or investments, see if they’re a need-to-have, a must-have, or somewhere in between. Be militant about your margins, obsessed with your costs, and use those early gains to fuel your continued growth. #2. Underpromise and Overdeliver. Of course, it’s the hardest lessons that are always worth learning.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software eCommerce Manufacturing Procurement 98

Blog on Log

DECEMBER 1, 2005

Strong organizations leverage these qualities to capitalize on the economic benefits of worldwide sourcing and distribution, while satisfying their customers' needs -- whether the customer is around the corner or across the sea. Today, it is the laptop computer, which retails for three to five times their cost.

3PL 40

3PL Manufacturing Procurement Purchasing Skills Sourcing Strategies 40

Ship Monk

OCTOBER 17, 2022

This includes: Matters of inventory management with advanced 3PL software Delivery speed with warehouse locations that bring products closer to customers Fulfillment: Order processing, picking, and packing Optimal shipping costs and options thanks to established relationships with major shipping carriers.

eCommerce 110

eCommerce 3PL Logistics Network Optimization Software Supply Chain Design Software 110

3PL Links

JUNE 4, 2024

Logistics in E-commerce: Challenges, Importance and Best Practices | Image source: Flickr Logistics is one of the most important and difficult parts of e-commerce for modern online businesses. From definition to best practices for implementation, this article will cover every facet of logistics in e-commerce.

Optimal Sourcing 48

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

Ship Monk

DECEMBER 1, 2022

2-Day shipping is when ecommerce customers receive their orders within two days of purchase, assuming they click BUY before a specific cutoff time on a given day. Fact: Two of the top reasons online shoppers abandon carts are high shipping costs and slow delivery speeds. Sound simple? The point is to offer your customer options.

eCommerce 52

eCommerce Purchasing Skills Eliminating Excel in Purchasing Price Reduction 52

EazyStock

JULY 22, 2021

But first – let’s get a definition: What is inventory demand forecasting? Accurate demand forecasts allow you to efficiently serve customers’ needs without investing capital in large amounts in stock, effectively helping you lower your overall operational costs. 8 of the Best Demand Forecasting Techniques.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Software Procurement Solutions 105

GlobalTranz

MAY 23, 2016

However, the set-up costs and initial implementation of LTL relationships can seem daunting. Although these factors represent real costs, the greatest benefit is fully realized over long-term projections and operations. Let’s take a look at how the TMS impacts the costs of shipping over the long term in four critical areas.

Cost Reduction 54

Cost Reduction Inventory Reduction Freight Purchasing Skills 54