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 …
How To Hire A Supply Chain Manager for Ecommerce
by Kyla Friel on Oct. 5, 2023
Maintaining the growth of an ecommerce business often hinges on a smooth, efficient supply chain. As businesses expand, the logistics of sourcing, inventory management, and timely delivery become more complex. Ecommerce companies committed to scaling their business often hire a supply …
How To Calculate the Ending Inventory Formula for Ecommerce
by Kyla Friel on Sep. 25, 2023
Handling ending inventory can be tricky, especially since it comes at the end of the financial year when ecommerce businesses are also trying to maximize end-of-year sales and putting together inventory reports. However, mastering the ending inventory formula can bring a lot of value …
How To Create Irresistible Product Bundles
by Kyla Friel on Sep. 13, 2023
In the innovative world of ecommerce, standing out isn’t just a choice – it’s a necessity. As the digital marketplace booms, with projections pointing to an annual growth rate of 11.17% from now through 2027, businesses must tap into fresh, inventive strategies to capture audience att …