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Your company’s inventory turnover ratio is an important metric. A simple inventory turnover formula can help you understand and improve your inventory management. When you get clear about your inventory turnover ratio, you can run your business with smaller carrying […]
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Customers are more demanding than ever, especially when it comes to getting packages quickly. Shipping overnight can help you maintain a competitive advantage, but only when it’s affordable. If you’re considering offering overnight shipping and want the most cost-effective method, […]
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Good inventory management is an essential aspect of your eCommerce business. Economic order quantity, or EOQ, is a formula that helps you figure out the right amount of stock to fill your orders during the year ahead. Economic order quantity […]
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The spread of the novel coronavirus forced many brick-and-mortar retailers to temporarily close their doors. Even before COVID-19, many brick-and-mortar stores were struggling. However, the pandemic exposed existing weaknesses in the retail business model and exacerbated them. To make up […]
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The current environment will test most businesses’ ability to operate and manage in a crisis. An effective response by a company requires transparency, accountability, and above all, strong leadership. Businesses need to be clear about who is making the decisions, […]
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Small business is one of the biggest drivers of economic growth in the U.S. A 2018 Small Business Administration (SBA) report found that 99.9% of US businesses are small businesses. Those small businesses provide 47.5% of all the jobs in […]
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Customer service requests over email and phone declined 7 percent between 2016 and 2018. The decline was due, at least partly, to frustration with slow customer service. Business Insider Intelligence reports that 49 percent of customers like getting help through automated channels. […]
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Successful eCommerce businesses all have one thing in common: terrific eCommerce fulfillment. You might have the best product in the world. Your website is epic. And your sales funnel slides your customers easily to the checkout. If your eCommerce fulfillment […]
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Red Stag is excited to announce that our fulfillment platform now integrates seamlessly with the TradeGecko multichannel selling tool. As eCommerce evolves, Red Stag continues to be on the cutting edge. We constantly update our software to integrate with the apps […]
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On June 21, 2018, the US Supreme Court handed down a decision that will shape the future of internet sales tax. In South Dakota v. Wayfair et al., the court ruled that the state of South Dakota internet sales tax […]
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Even before you opened your business, you had one eye on your own plans and another beady eye on your competition. It has stayed the same way ever since. Take your eye off the prize (or, in this case, your […]
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In the past, it was a struggle to find a high-quality photo that perfectly matches the theme of your project. Oftentimes, these high-quality photos have watermarks on them — either you need to buy them or subscribe to a website […]