In manufacturing and fulfillment, every stage of production matters. But there’s one critical phase that often doesn’t get the attention it deserves: work in process (WIP) inventory. WIP inventory refers to the partially completed products in your production line, representing […]
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). With the right MOQ, you can reduce your inventory costs, increase […]
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 […]
Are you struggling to understand your inventory’s true value? Ending inventory holds the key to unlocking crucial insights about your business’s financial health. In this guide, we’ll demystify ending inventory calculations, showing you how to boost profits and make smarter […]
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 […]
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’s Seller-Fulfilled Prime (SFP) program lets vendors display the Prime badge on their products while maintaining control of their fulfillment process. With Amazon’s third party sellers generating billions in annual sales, this program offers significant growth potential. But the strict […]
In 2019, Shopify built the Shopify Fulfillment Network (SFN) to provide storage, inventory management, picking, packing, and shipping for Shopify sellers. The network comprised a mix of warehouses owned by Shopify and independent eCommerce Fulfillment warehouses that Shopify subcontracted with. […]
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 […]
The old adage “don’t put all your eggs in one basket” is sage advice for supply chains. Supply chain diversification can shield you against many threats, from disruptions to your supply chain to cost increases and customer frustrations. Resilience remains […]
