What is Inventory Management? Overview, Benefits and Best Practices

Inventory management is the culmination of all the activities done to control inventory. With the right inventory management strategies, you ensure you’re always holding the right amount of stock, while minimizing the risk of bottlenecks and excessive costs. All companies with a physical inventory require an inventory management strategy to ensure consistent cash flow.

What makes inventory management so complex for most people, is there’s no single right way to do it. There are many different techniques of inventory management available, from VMI and MRP, to JIT, EPQ, and EOC, and they all come with unique benefits and problems to consider. The most effective approach will often be determined by future and current marketplace conditions.

Continue reading “What is Inventory Management? Overview, Benefits and Best Practices”

ShipStation vs Shippo (2024): A Complete Comparison

Articles

There are few things more important than order fulfillment when it comes to creating a successful business. Your customers need to trust that you’re going to deliver the products they pay for on time, and make sure that those deliveries arrive in good condition.

If you’re starting an ecommerce store of your own, it’s easy to get overwhelmed with the amount of work associated with shipping and fulfillment.

Shippo and ShipStation are two well-renowned solutions for shipping management, based on the cloud. These tools go beyond the basics of standard shipping services, to give you everything you need for a successful business.

Quick verdict:

If you want a shipping and order fulfillment solution that’s convenient, easy to use, and great for small to mid-sized businesses, then Shippo could be a good choice. The state of the art technology provided by this company, combined with its flexible approach to pricing, makes it a great solution for companies that want to grow as rapidly as possible.

ShipStation is a service that works well, with lots of solid features. It seems like the software goes through a lot of rigorous testing – although it still suffers from bugs from time to time. However, if you run a small or mid-sized business, and you want a solution with multi-carrier access, then ShipStation could be a great choice for you.

Continue reading “ShipStation vs Shippo (2024): A Complete Comparison”

What is Website Hosting?

If you’ve ever considered launching your own website or online store, you’ve probably heard the term “web hosting.” Web hosting is one of the most essential things you can have when you’re getting started in the digital world. With the right web hosting provider, you access space on the dedicated server of a hosting company, where you’ll store your website and all of its information.

Without web hosting, you wouldn’t be able to take your business online. A hosting company is responsible for making all the files and code that make your site visible in the digital world. Unfortunately, a lot of people still don’t fully understand what web hosting means.

Continue reading “What is Website Hosting?”

What is a Pop-up Shop?

What is a pop-up shop?

Simply put, a pop-up shop is a temporary store or sales location in the offline world. Usually, pop-up shops come from ecommerce companies looking to bring their digital presence into the real world – if only temporarily.

When done correctly, pop-up shops can be excellent for sales.

Offering a convenient middle ground between B2B and B2C ecommerce platforms, as well as brick-and-mortar stores, pop-up shops can give companies a wonderful boost in the competitive landscape.

In this article, we’ll be providing a full pop-up shop definition to help you understand what this sales strategy can do.

Continue reading “What is a Pop-up Shop?”

What is Pretail? Your Guide to Pretail Sales

As online shopping practices continue to evolve, ecommerce tools are constantly changing. Companies are forever searching for efficient ways to deliver excellent experiences to consumers. Pretail is one such example of the new solutions that have emerged in ecommerce lately.

The concept of Pretail started with experimentation among brands and entrepreneurs trying to build hype for their upcoming products. Pretail, or pre-launch solutions found popularity on common platforms like Indiegogo and Kickstarter. Today, the idea is working its way across a wider selection of ecommerce tools and experiences.

Instead of creating prototypes of products, then launching that item for customers on a limited testing run, Pretail offers a different approach. With Pretail, you take the premise of a crowdfunding website and adapt it to full-blown ecommerce.

Continue reading “What is Pretail? Your Guide to Pretail Sales”

Direct-to-Consumer (D2C) Explained: Your Ultimate Guide

Quick answer:

Direct-to-consumer is a business model that relies on selling products directly to consumers through an ecommerce platform. A number of startup businesses and other DTC brands such as Glossier and Bonobos have shown just how effective it can be.

More and more consumer brands are focusing on selling direct-to-consumer in order to cut out the middlemen and maximize their profit margins. Plenty of manufacturers and consumer brands that deal in consumer packaged goods (CPG) are now entering the markets directly instead of relying on middlemen or distributors.

WIth the introduction of multiple channels such as social media for marketing directly to consumers, many companies have begun marketing directly to their consumers. Popular d2c brands like Warby Parker, Dollar Shave Club, and Casper have optimized their supply chains to handle increased demand from consumers instead of solely supplying to retailers.

Continue reading “Direct-to-Consumer (D2C) Explained: Your Ultimate Guide”