Online stores are businesses just like any other, and that means you’ve got risks and liabilities to cover, which has probably sent you to Google looking to see if eCommerce insurance is a thing. While not a specific policy, you […]
The just in time inventory management system started as a manufacturing process. Over time, it has become popular in many sectors of the economy. ECommerce companies use just in time inventory to stay nimble in the face of changing consumer […]
If you have an eCommerce business selling gift-worthy products (and even if you don’t), the holidays are like running a marathon. Your holiday fulfillment operations are the key to success during this busy time. Holiday fulfillment can make all your […]
Arbitrage is buying discounted products and selling them for a markup. If you’re a good bargain hunter, you might have a talent for retail arbitrage. Amazon arbitrage can be a great way to build a full-time business or develop a […]
Nothing is off-limits for eCommerce today. No product is too big or too delicate to ship. Modern logistics can solve any eCommerce fulfillment challenge. That includes how to ship furniture. Wayfair and others have built thriving businesses selling furniture through […]
When you start a brick-and-mortar business, you get a business license from the city or county where your operations are headquartered. So, when you start an eCommerce business, do you need an online business license? The answer to that question […]
ECommerce businesses need their packages delivered efficiently, quickly, and cost-effectively. In the US, that usually means using one of the three major carriers: FedEx, UPS, or USPS. Each carrier offers a range of service levels and rates. Delivery times are […]
Dropshipping can be a great business model if you’re just starting out in eCommerce. It requires less money to get started. Plus, you don’t have to manage your own order fulfillment. Before you get started, however, you’ll need to pick […]
When the coronavirus pandemic hit Asia in early 2020, many businesses experienced major supply chain disruptions. This highlighted the need for companies to build resilient supply chains. Now, more than ever, it’s essential to make your supply chain resilient to […]
If recent years have taught us anything, it’s the importance of having an eCommerce business continuity plan. Floods, fires, tornadoes, hurricanes, and now a pandemic can disrupt supply chains and slow the pace of eCommerce. The coronavirus has shown the […]
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 […]
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 helps you reduce the amount of money you have tied up […]