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Complete Ecommerce Inventory Financing Guide For 2024
by Kyla Friel on Feb. 23, 2024
Efficient inventory management is a cornerstone of ecommerce success — and this includes managing the costs that come with having inventory. Managing inventory costs can often present a significant challenge, impacting both cash flow and the ability to meet customer demand. Many ecomm …
Guide to Inventory Loans for Ecommerce
by Kyla Friel on Feb. 9, 2024
Inventory loans are a key financial tool for ecommerce businesses, used to acquire new inventory without threatening cash flow. Since ecommerce poses unique challenges, like changing customer demand, busy peak seasons, and the pressure to introduce new products, having the right amoun …
Guide to Alternative Inventory Funding Options for Ecommerce
by Kyla Friel on Jan. 31, 2024
It’s a necessity to have the right amount of inventory on hand when running an ecommerce business. That amount can change depending on circumstances, like seasonal peaks or launching a new product, and it's common for ecommerce businesses to secure financing to fund that additional in …
How to Increase Average Order Value With Real-World Examples
by Kyla Friel on Dec. 20, 2023
As an ecommerce professional, a good chunk of your time is probably dedicated to examining key metrics like conversion rate, bounce rate, and overall revenue for your company. A critical figure that should be on your radar is the average order value (AOV). Average order value represen …
How to Optimize Reverse Logistics in Ecommerce
by Kyla Friel on Nov. 24, 2023
As digital storefronts in ecommerce continue to grow, one aspect remains constant: the inevitability of product returns. It’s a customer behavior that will always occur, and it’s no wonder successful ecommerce companies are placing increasing focus on how to optimize reverse logistics …
How to Calculate the Reorder Point Formula for Ecommerce
by Kyla Friel on Nov. 3, 2023
An essential part of running an ecommerce business is finding the inventory sweet spot that results in having the right amount of stock without overstocking or running out of product. Too much inventory eats up warehouse space and can be expensive, while too little might mean you can’ …
What Is A Perpetual Inventory System For Ecommerce?
by Kyla Friel on Oct. 27, 2023
Inventory is one of the most important elements of your business. But it can also be one of the most difficult to stay on top of. The most traditional way to maintain your inventory is through a periodic inventory system that requires consistent physical counts. A perpetual inventory …
How to Hire a Logistics Manager for Ecommerce
by Kyla Friel on Oct. 25, 2023
The ability to manage the logistics of inbound and outbound goods is vital to the success of an ecommerce business. How can you ensure your goods are moved efficiently? Adding a logistics manager for ecommerce to your team can help you manage this vital phase of the supply chain. They …
Order Fulfillment and Customer Service: What’s the Connection?
by Kyla Friel on Oct. 17, 2023
It makes sense that when your customers are ordering online, order fulfillment is a big factor in customer satisfaction. The ways businesses operate have been transformed by ecommerce. Potential customers are just a click away, which helps boost sales. The communication channel and pr …
How to Calculate the Inventory Turnover Ratio for Ecommerce
by Kyla Friel on Oct. 13, 2023
Understanding and optimizing inventory is crucial for the continued growth of an ecommerce business. A physical storefront wouldn’t pile up unsold items forever or leave parts of the store bare. Your ecommerce store should also avoid the pitfalls of overstocking or understocking. But …