You’ve probably heard countless ways to improve your profit margins, from optimizing shipping routes to streamlining warehouse operations. But one method flies under the radar: minimum order quantity (MOQ). Minimum order quantity is the minimum quantity of product units a […]
Inventory management is the process of tracking and controlling inventory stock in a business. One thing I learned from six years of working as an inventory manager is that poor inventory management is like a disease. Untreated, it diminishes profits, […]
Ever wonder why some businesses thrive while others struggle to stay afloat? While many factors contribute to success, one crucial element is often overlooked: understanding and managing costs. At the heart of this is cost per unit — the total […]
A stockout occurs when a company runs out of available inventory for a product. Stockouts prevent a business from making sales until goods are replenished. They can damage your brand reputation, send customers shopping elsewhere, and directly impact your bottom […]
If your profit margins aren’t as high as they should be—even when sales are strong—the culprit might be hidden costs in your ordering process. Ordering costs can quietly drain your profits if left unchecked, hiking up overall business expenses and […]
How will you know how much new product to produce for your next holiday? What kinds of capital will you need to invest in stock for your next fiscal year? Demand forecasting has the answers. Demand forecasts project sales for […]
Dropshipping is a low-entry way for almost anyone to start an ecommerce business. Suppliers handle fulfillment and logistics, so you can focus on sales, customer service, and growth. In this dropshipping guide, you’ll learn what it takes to get started […]
Constantly juggling inventory levels while trying to keep up with customer demand and avoiding stockouts or backorders is a balancing act that can leave you feeling like you’re always one step behind. But what if there was a way to […]
Ecommerce packaging is an opportunity to personalize your shipments. The optimal unboxing experience involves a mix of the right box and the right infill—but it’s also a great chance to incorporate your custom branding. If your business is committed to being […]
Amazon is once again shaking up the ecommerce world — starting October 1st, it will accept new applicants for its updated Seller-Fulfilled Prime (SFP) program. If you’ve been waiting for the right moment to tap into the vast Amazon marketplace, […]
What’s the problem? According to Forbes, shopping cart abandonment in eCommerce is a $4 trillion-plus problem. That’s the estimate of total lost sales retailers suffered from a consumer adding something to their cart and then failing to complete the purchase. […]
Shopify was designed to make it easy for anyone to set up an eCommerce store. That might be why it’s the most popular eCommerce platform, with over 3.75 million storefronts as of 2022. Shopify makes selling easy, but product pages […]
