Cutting-edge industry trends and practical tips to make fulfillment excellence a competitive advantage.
Ending Inventory Key Takeaways If you’re an interested businessman and sell goods, you’ve most probably heard about “ending inventory” This term explains the total value of products a company still has for sale at the end of an accounting period. It is a piece of vital information for businesses not only for the chance of […]
Deadstock: What Deadstock Is, What Causes Deadstock, and How You Can Avoid & Manage It What is deadstock, you wonder? Simply put, deadstock is inventory that doesn’t sell. Unfortunately, Deadstock is a common issue with businesses that don’t use any inventory management software. As a result, the products that don’t sell can remain on warehouse shelves for ages, useless […]
This comprehensive guide will equip you with a deep understanding of the Cost of Goods Sold (COGS) and its significance for your business. By reading this article, you’ll learn how to calculate COGS, understand the differences between COGS and operating expenses, and explore methods to reduce your COGS, ultimately enhancing your business’s profitability. Key Takeaways: […]
Shopping Cart Abandonment: Reasons, Effects, & What You Can do to Prevent It Shopping online is not so different from shopping in a store. As customers, we all have certain expectations and bullet-points we need to have met, as well as encountering millions of other distractions throughout our shopping journey that may interact with our […]
In this article, we explore the concept of “Economic Order Quantity” (EOQ), a crucial formula in inventory management. We delve into its definition, the factors needed for its calculation, and the benefits and challenges associated with it. By the end, you’ll grasp the importance of EOQ in optimizing inventory levels, reducing costs, and ensuring efficient […]
In this article, we delve into the intricacies of delivery exceptions, a common challenge in the e-commerce world. We shed light on why these exceptions occur, their impact on e-commerce, and the various strategies businesses can employ to handle and prevent them. By the end, you’ll be equipped with the knowledge to navigate delivery exceptions […]
Bullwhip Effect – Definition, Causes, and Impacts on Supply Chain In every business, customer-oriented demand fluctuations take as a standard to some degree. A retailer sells 100 packs of socks one month, while the same retailer doubles the sales next month. Of course, this is not a one-way journey. The increasing demand from the end […]
Learn How to Earn More Setting Up Your Minimum Order Quantity! Whether in wholesale, retail, or manufacturing, you’d better make your minimum order quantity calculation wisely to deal with company sales and to have an advantage at the end of the day. That’s why we drop this article to illuminate you on the definition of […]
Dark Stores 101: What is A Dark Store & What Are the Order Fulfillment Models? Since we’ve been moving forward speedily in this pandemic world, all we need is isolation and instant gratification. And this is valid in our every action, from social connections to shopping. This being the case, traditional retailers feel the need […]
Omnichannel: What is Omnichannel Retail & How Does Omnichannel Ecommerce Work? Omnichannel is one of the most popular terms used in ecommerce and online retailing today. But what does omnichannel mean? What is the true meaning that brings ecommerce platforms benefits and revenue? Instead of just presenting your customers with multiple ways to purchase products, […]
