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Importance of Social Proof in Ecommerce

Ship Monk

Did you know that 93% of consumers say that online reviews influence their purchase decisions? Every time we buy something online, we’re gambling that what we see is what we’re going to get. Every time we buy something online, we’re gambling that what we see is what we’re going to get. That’s a mind-blowing statistic.

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Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

So, rather than get overly prescriptive, I’ll use this blog post to highlight some companies that have achieved success through excellence in inventory management , and outline some of the most effective elements of their strategies. Another takeaway is the importance of warehouse layout as an enabler for inventory management excellence.

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Locus For Retail – 4 Walls Excellence

Locus

A recent study predicts that the number of warehouses globally will rise from 151,000 in 2020 to 180,000 by 2025. For example, Walmart recently decided to convert sections of their stores into mini warehouses. The concept of “Four Walls Excellence” is key to this. What Are the Four Walls of Excellence in Retail?

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The 411 on Social Proof

Ship Monk

Think of the last time you purchased a product or service based on the recommendation of a friend, family member, or your favorite social media influencer. Yup, even dinosaurs looked to fellow terrifying reptiles for guidance on their buying habits. Take us, for example. Customer Testimonials & Case Studies.

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Omnichannel Retail and the Cost to Serve Online Customers

Logistics Bureau

If yours is one of those businesses shifting from traditional to online retail, you’ve probably faced some of the logistical challenges arising from the need to deliver your customers’ purchases to them. For example: Compared to selling a product in-store, the cost to deliver that same item as a small parcel can be several times higher.

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The 3 Pillars of Supply Chain Management (And Why Their Alignment Matters)

Logistics Bureau

Despite the apparent complexities involved in supply chain management, achieving excellence really doesn’t have to be too difficult. In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. The Importance of Alignment.

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Mike Rother: The Toyota Kata Practice Guide

The Lean Thinker

If you choose to buy the book, I get small affiliate kickback that doesn’t affect the price you pay. On the one hand, the practice has become more sophisticated as people explore and learn application in contexts other than the original industrial examples. Study the Process’s Operating Patterns. Don’t just read.