How to Calculate Work In Process Inventory In Ecommerce
by Rin Mosher on Jul. 24, 2024
Handmade, custom, or otherwise unique ecommerce products require careful assembly and meticulous inventory tracking. Before these products are fully assembled, they're known as Work In Process (WIP) inventory. Failing to keep track of this type of stock can impact warehouse space, hol …
How Do Freight Classes and NMFC Codes Work?
by Rin Mosher on Jul. 17, 2024
If your ecommerce business is making big moves and experiencing an increase in order volume, it’s going to require freight shipping to move large amounts of inventory. With freight shipping comes the need to learn about NMFC codes and freight classes – what they’re for, how their clas …
TikTok Shipping vs Seller Shipping vs FBT: Which Is Best?
by Rin Mosher on Jul. 12, 2024
55.5 million – that’s the number of people who made a purchase on TikTok Shop in 2023, according to Statista. With its popularity only set to grow, ecommerce businesses have every reason to prioritize TikTok shipping going forward. Like with other sales channels, fulfillment and shipp …
Minimum Order Quantity (MOQ) In Ecommerce Explained
by Rin Mosher on Jul. 5, 2024
Minimum Order Quantity (MOQ) says a lot about the viability of suppliers for your ecommerce business. It’s among the first things that must be considered when comparing potential partners. Forming partnerships with suppliers that have sensible MOQs can result in optimized inventory, c …
The 19 Best 3PL Companies for Growing Ecommerce Businesses
by Rin Mosher on Jul. 4, 2024
Finding a third party logistics (3PL) company is easy; finding a great one, however, is where the challenge lies. With a market saturated with logistics providers all claiming themselves as the 'best 3PL company,' it’s no wonder ecommerce business owners can feel overwhelmed. The stak …
FIFO vs. LIFO: How They Affect Your Bottom Line
by Rin Mosher on Jun. 26, 2024
From shelf life to expiry date to holding costs, ecommerce inventory management involves the consideration of numerous factors specific to individual products. Most ecommerce businesses base their decisions on which items go out when using either the First In, First Out (FIFO) method …
How to Calculate COGS In Ecommerce
by Rin Mosher on Jun. 21, 2024
With the potential to influence everything from profit to liability, inventory calculations hold a lot of weight for ecommerce businesses. Yet understanding the nuances behind each formula isn’t easy. It’s one thing to know what Cost of Goods Sold (COGS) means and another to know how …
What Is Freight Forwarding In Ecommerce?
by Rin Mosher on Jun. 14, 2024
Expanding into international ecommerce markets is exciting, but it also means having to handle customs clearance, route optimization, and regulatory compliance on their own. For a growing ecommerce business that isn’t sure where to start when navigating these responsibilities, outsour …
Comparing the Pros and Cons of Vendor Managed Inventory
by Rin Mosher on Jun. 7, 2024
Inventory management has the power to impact everything from operational costs to customer satisfaction. Opting to handle it in-house means being fully responsible for the way results are pursued and how well they’re achieved. That’s great for total control over stock levels, but it c …
How to Use Pinterest for Ecommerce
by Rin Mosher on Jun. 6, 2024
With over 518 million active users worldwide, Pinterest has long been the most popular social media platform for finding inspiration. Yet many business owners have yet to tap into its many ecommerce marketing features, which facilitate millions of dollars worth of product purchases ev …