Every eCommerce fulfillment stage is equally vital and should be treated as such if you want your packages to reach your customers. However, last-mile delivery often receives the most attention due to its importance, complex implementation, and hard-to-solve logistical issues.(more…)
Safety stock is the number of products a business keeps on hand as a buffer to prevent stockouts. At least, that is the basic definition. But we can better illustrate what it means by using an analogy.
It’s like how your body keeps a little bit of fat on hand to burn off when food becomes scarce. A business, just like a body, shouldn’t accumulate too much fat because that can lead to all sorts of health problems. You need to find a healthy balance between gorging and starving. That is just common sense.(more…)
Are you better off bulk ordering or only purchasing what is necessary to meet your current needs, as in a just in time (JIT) setup? There are advantages and drawbacks to each order management strategy.
You’ll often receive a bulk discount on pricing for reaching a high threshold of items in one order from wholesalers or retailers, and you’ll save money on shipping and delivery fees. But you’ll also have higher carrying costs, more money tied up in inventory, and the potential for product spoilage if it sits on the shelf for too long. When you order smaller quantities instead of bulk purchasing, you will avoid unnecessary storage costs and be able to run a leaner warehouse. However, you need to have incredible precision in your inventory data because you risk running out of items if you order too few, and you will likely have higher shipping and delivery costs as you place more orders over time.
I’d like to share two personal experiences from my life that allude to the dangers of going to one extreme or the other, and the need for finding a healthy balance in your ordering strategy, whether you choose to order smaller or bulk quantities.(more…)
Most companies don’t focus on the putaway process because it isn’t as obviously tied to revenue or business operations as fulfillment. That means lots of time and money spent on optimizing pick and pack, without thinking about how putaway prepares goods and teams to operate at their peak.
The initial placement of goods in your warehouse matters. When it’s done right, it makes every other process faster and easier. So, your goal for the second half of 2020 should be to optimize this putaway process to keep things running smoothly and potentially improve your margins. There are a few different options and requirements for it, but they all tend to pay off well.
Here, we’ll break down our optimization thoughts into three phases:(more…)
Want to get special discounts on shipping without SaaS fees for each of those labels? Easy. All you have to do is create a Shippo account and download the newly redesigned Fishbowl ShipExpress plugin. Shippo has partnered with Fishbowl to waive its 5-cent software service fee when Fishbowl users generate a shipping label.
What’s the catch, you might ask? None, if you’re a Fishbowl customer! Fishbowl ShipExpress is absolutely free for every Fishbowl customer, and it automatically adds a new module and many features to the Shipping and Sales modules.
Fishbowl ShipExpress used to cost $995, but it’s now available at no cost to help Fishbowl customers when they need it most during the COVID-19 pandemic. That’s also the reason why Shippo has stepped up to waive its usual software fees tied to shipping labels. Both companies want their customers to be able to do their jobs without any added expenses associated with their shipping services.
With Fishbowl ShipExpress, you get the following features:(more…)
This is a guest blog post written by Will Schneider with insightQuote.com
Fulfillment and shipping is a critical aspect of the supply chain function. From one-day deliveries to the increased desire for free shipping, customer expectations are driving companies to not only provide exceptional logistics services but also leverage the fulfillment function as a source of competitive advantage. These increasing demands are causing more and more companies to look outside their own warehouse walls to pursue 3PL outsourcing. In fact, 66 percent of companies use outsourcing, according to the Current State of 3PL Market 2016 Study.
The potential benefits of outsourcing are many – improved flexibility, quality, and responsiveness, access to new markets, increased speed to market, decreased customer response time, and decreased costs, not to mention time savings from not performing the function in-house. But is outsourced fulfillment the right solution for your business? In this article, we’ll walk you through the decision-making process to help you determine if this avenue is the right fit for your company.
There are many factors to consider when deciding whether to keep the fulfillment side of your business in-house or whether you should outsource this part to another company. Before jumping into the financial aspects to see if cost savings will be achieved, it’s important to take a look at some key strategic reasons that might deter you from taking this course of action.(more…)