As an e-commerce business, staying ahead of the competition and maximizing profits is always a top priority. But have you ever thought about how much further your business could go if you truly understood the costs associated with serving customers? It starts with understanding landed cost. In this blog post we’ll uncover what landed cost is, how it impacts your business operations, and explore ways to apply this knowledge to make informed decisions about optimizing your products. What Is Landed Cost? Landed cost is a concept used in business and accounting to help organizations accurately estimate how much a certain...What Is Landed Cost and How Does It Affect E-Commerce Businesses?
As an e-commerce business, staying ahead of the competition and maximizing profits is always a top priority. But have you ever thought about how much further your business could go if you truly understood the costs associated with serving customers? It starts with understanding landed cost. In this blog post we’ll uncover what landed cost is, how it impacts your business operations, and explore ways to apply this knowledge to make informed decisions about optimizing your products. What Is Landed Cost? Landed cost is a concept used in business and accounting to help organizations accurately estimate how much a certain...
What Is Average Order Value and How Can You Increase It?
If you're an e-commerce business that regularly drives customers to your online store, optimizing average order value (AOV) can be a powerful way to increase revenue. AOV is the amount of money a customer spends during one purchase. By understanding and utilizing key strategies for increasing AOV, you could potentially double or triple your monthly profits without having to drive more traffic. Keep reading to learn what exactly AOV is and how you can use it to maximize sales! What Is Average Order Value and Why Does It Matter? When it comes to running a successful business, understanding your customer’s...
What Are the Different Types of Shipping Methods?
Are you a business looking to ship your products? There are many different shipping methods available, and choosing the right one for your needs can often feel overwhelming. When deciding between types of shipping methods, it's important to consider factors such as speed, cost-effectiveness, safety and reliability. In this blog post we will discuss various popular shipping methods and provide insights into how each one works, so that you can make an informed decision about which type is best suited for your business’s needs. Read on to find out more! 8 Most Popular E-Commerce Shipping Methods Free Shipping Free shipping...
Everything You Need to Know about E-Commerce Order Reshipments
Order reshipments are a necessary part of doing business in the e-commerce world. Whether it's because a customer received damaged goods, the wrong item, or simply changed their mind, reshipments happen all the time. As an e-commerce business owner, it's important to understand the ins and outs of order reshipments so that you can keep your customers happy and avoid any unnecessary headaches. In this blog post, we'll cover everything you need to know about e-commerce order reshipments. Read on to learn more! What Is a Reshipment? Reshipment is the process of re-sending a package from one location to another....
Keys to Improve Your Warehouse Management
Warehouse managers have the difficult task of keeping track of all the materials in a warehouse, including where products are currently located and where they should be. You would think the advancement of software has made this job somewhat easier—and it has to some degree—but software advancement has also led to added responsibility. What Is a Warehouse Management System? Software that is able to process the day-to-day operations of a warehouse is considered a warehouse management system. Previously, these systems weren’t able to do much more than locate products within a warehouse—but warehouse management systems can now track a package for...
Everything You Need to Know About Last Mile Delivery
The last mile of a product's journey from the supplier to the customer is often seen as the most critical. After all, it's the final stage in getting the product into the hands of the consumer. That's why e-commerce businesses need to carefully consider their last mile delivery solutions. In this blog post, we'll take a look at everything you need to know about last mile delivery, from its challenges to its benefits. By understanding all aspects of this complex process, you can make sure that your business is using the best possible solution for your customers. What Is Last...
What Are SKUs and Why Are They Important for Your E-Commerce Business?
Knowing what a SKU is can be incredibly useful for businesses and their consumers alike. Every product has its own unique SKU, which helps track inventory and sales. If you are running an e-commerce business, it is important to understand SKUs and how to create them. In this post, we will discuss the importance of SKUs in e-commerce and how they can help you grow your business. What Is a SKU? A SKU, or stock keeping unit, is an identification code that unique identifies an item for sale—these codes are like barcodes in stores but contain more information than a...
What Is a Mis-Shipment and How Can It Affect Your E-Commerce Business?
Every e-commerce business faces the challenge of mis-shipments from time to time. A mis-shipment occurs when the buyer receives an incorrect order, either due to the fault of the business or with no fault at all. This could include a different product being shipped out than expected, more items received than paid for, or damaged goods arriving to a customer. Whether it was accidental or intentional, the financial cost of mis-shipments can be significant for both customers and businesses, including cost of shipping, labor, and time. In this blog post, we will explore how to reduce mis-shipments in your e-commerce...
What Is Demand Management in the Supply Chain?
Demand management is an important part of any successful supply chain. It can be thought of as a way to anticipate and manage customer demand for the products or services you provide. By understanding how customers are likely to demand your products, you can make sure that your production, inventory, and distribution processes are running efficiently and meeting the needs of customers in a timely manner. In this article, we explore the various aspects of demand management and how it can benefit the supply chain. What Is Demand Management? Demand management enables supply chains to accurately predict customer demand, which...
How Can Two-Day Shipping Help Your E-commerce Businesses Grow?
In our fast-paced world, customers want their orders as soon as possible. That's why two-day shipping is so important for e-commerce businesses. In this post, we will discuss the benefits of two-day shipping and how it can help your business grow. We'll also give you some tips on how to make the most out of two-day shipping for your customers! What Is Two-Day Shipping? Two-day shipping is the perfect solution for shoppers who are in a rush to receive their products at home. Essentially, this shipping method guarantees that customers will receive their purchases within two business days after they...
