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 […]
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 delivery […]
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. […]
At its simplest, inventory management software is a tool your company can use to track real-time inventory. You can leverage inventory software to automate a range of other takes, including tracking sales velocity and providing low stock alerts. However, excellent […]
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. […]
Peak season will be here before you know it, with everything that brings for eCommerce businesses. Most online sellers know that now is the time to start preparing your supply chain to meet holiday demand, but is your warehouse equipped […]
