Strong inventory management is a necessity for running a successful retail business. You can save time and money while ensuring you have the ideal number of products in optimal quantities at the right times. Retailers must ensure they supply the correct mix of products to meet demand at an attractive … Read more
The eCommerce landscape has changed to meet the needs of customers. Potential stakeholders are now worried about how to react to sudden changes in supply and demand. Ad-hoc and last-minute orders must be fulfilled. The COVID-19 pandemic has made customers prioritize speed and convenience. Quick commerce enters the scene to … Read more
Effective warehouse operations are undoubtedly one of the most important parts of an eCommerce business. While most logistics managers mainly concern themselves with automating their processes, it’s crucial to pay attention to the state of the stored merchandise. Dealing with over, short, and damaged (OS & D) goods is inevitable, … Read more
Chinese New Year 2023 (CNY) will formally start on January 22nd. But as an online retailer, the time leading up to CNY can also be your busiest. You’ll have a lot on your plate, from putting holiday marketing into action to preparing for 2023. There are some critical logistical situations … Read more
The eCommerce industry has grown considerably in the past two years, with a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. Over 80% of US shoppers still prefer to shop online. If you’re into eCommerce, you must have already heard of Amazon. It’s a powerful platform for … Read more
Businesses can use various pricing techniques to improve customer satisfaction and profit margins simultaneously. Product bundling pricing allows companies to sell multiple items for one flat price, which may appeal to particular consumers. Understanding how product bundling pricing works will help determine if this strategy is right for your business … Read more
Streamlining your production from the manufacturing facility begins with a choice. You must decide between make to stock vs. make to order at the start of the operations optimization process. In the make to order (MTO) approach, advanced planning and scheduling procedures are not activated. Orders are not added … Read more
Dropshipping remains a popular business model for eCommerce retailers. In the past year, global dropshipping revenues rose from $360 million in 2019 to $469 million in 2021. By 2025, it could balloon into a $500 million industry. Nevertheless, as with most innovations, dropshipping is in a constant state of flux. … Read more
Defining eCommerce Conversion Optimization eCommerce Conversion Optimization or Conversion Rate Optimization is the process of structuring a website, so it encourages visitors to take a specific action on a web page. These actions can be in the form of account creations, whitepaper downloads, newsletter sign-ups, or, in the case of … Read more
The retail world is changing, and more brands are bypassing distributors. Direct-to-consumer (DTC) strategy has created a closer relationship between consumers and their favorite companies. How? By cutting out third parties like marketplaces or retailers who used to be involved in bringing products from the production line right up to … Read more
One of the more revolutionary aspects of eCommerce is its ability to connect consumers with hard-to-find, well-sought-after items quickly. The industry made the world smaller and more accessible. It would take weeks or even months to find rare items back then. And it would be costly as it would go … Read more
The eCommerce industry’s growth trajectory has been upward over the past several years. It is one of the few business sectors that thrived during the pandemic. Nevertheless, brick-and-mortar store owners still have apprehensions about offering merchandise online. One of the common misconceptions is the difficulty and technicality of setting up … Read more
