Grip’s Post

Managing fulfillment costs is crucial for DTC brands to thrive. That’s why we wrote this guide to help perishable eCommerce brands get a handle on their shipping and boost customer lifetime value. Here’s a quick overview: Customized Dynamic Shipping: Tackle uncontrollable factors impacting timely and quality deliveries. Packaging Innovation: Choose the best packaging options to cut costs and environmental impact. Advanced Weather Forecasting: Understand how weather-related disruptions could hurt customer satisfaction and lifetime value. Strategic Carrier and Warehouse Selection: Avoid spoilage and reduce expedited shipping costs by 92% through smarter carrier and route choices. https://lnkd.in/eGSGdJ3i

Understanding SKUs vs. UPCs: Keys to Efficient Inventory Management 📦🔍 In the fast-paced world of retail and e-commerce, efficient inventory management is the linchpin of success. Two essential tools that play a crucial role in this process are SKUs and UPCs. Let's dive into what these acronyms mean and how they impact your business. 1. SKU (Stock Keeping Unit): SKUs are internal codes used by businesses to uniquely identify products within their inventory. They are designed to streamline and optimize the way items are tracked, managed, and sold. SKUs are customizable, allowing businesses to incorporate information such as size, color, style, and other relevant details. 2. UPC (Universal Product Code): UPCs, on the other hand, are universal product identifiers recognized globally. These barcodes are used primarily at the point of sale (POS) to scan and ring up products. Unlike SKUs, UPCs are standardized and are assigned to products by the manufacturer. They provide a consistent and unique identifier for the same product across different retailers. Why are SKUs and UPCs important? Inventory Management: SKUs help businesses organize their inventory efficiently, making it easier to track and manage products in real-time. UPCs ensure accuracy at the checkout counter. Order Fulfillment: SKUs aid in picking and packing processes, reducing errors in shipping. UPCs facilitate seamless transactions at the point of sale. Data Analytics: Both SKUs and UPCs play a vital role in collecting valuable data for sales analysis, demand forecasting, and trend identification. Product Differentiation: SKUs allow you to create variations of the same product easily. UPCs maintain consistency and ease of identification for customers. In summary, while SKUs are internal identifiers for efficient inventory management, UPCs are universal codes used for sales transactions. A successful business leverages both to ensure a smooth supply chain and an exceptional customer experience. Proper utilization of SKUs and UPCs can save your business time, reduce errors, and enhance customer satisfaction. So, whether you're an e-commerce giant or a small brick-and-mortar store, mastering these inventory management tools is a step toward success. 🔑💼 #InventoryManagement #SKUs #UPCs #SupplyChain #Retail #Ecommerce #BusinessTips #InventoryControl #Retailers #Efficiency #InventoryAccuracy

Did you know that average return rates for E-commerce result in about $816 billion in lost sales? 🤯 See this blog in Supply & Demand Chain Executive written by Osa Commerce Co-Founder Yifat Baror to learn how increasing your supply chain visibility will enable your company to overcome a multitude of challenges just like this 📈 #SupplyChainVisibility #Logistics #ECommerce #Brands #Technology 

Understanding SKUs vs. UPCs: Keys to Efficient Inventory Management 📦🔍 In the fast-paced world of retail and e-commerce, efficient inventory management is the linchpin of success. Two essential tools that play a crucial role in this process are SKUs and UPCs. Let's dive into what these acronyms mean and how they impact your business. 1. SKU (Stock Keeping Unit): SKUs are internal codes used by businesses to uniquely identify products within their inventory. They are designed to streamline and optimize the way items are tracked, managed, and sold. SKUs are customizable, allowing businesses to incorporate information such as size, color, style, and other relevant details. 2. UPC (Universal Product Code): UPCs, on the other hand, are universal product identifiers recognized globally. These barcodes are used primarily at the point of sale (POS) to scan and ring up products. Unlike SKUs, UPCs are standardized and are assigned to products by the manufacturer. They provide a consistent and unique identifier for the same product across different retailers. Why are SKUs and UPCs important? Inventory Management: SKUs help businesses organize their inventory efficiently, making it easier to track and manage products in real-time. UPCs ensure accuracy at the checkout counter. Order Fulfillment: SKUs aid in picking and packing processes, reducing errors in shipping. UPCs facilitate seamless transactions at the point of sale. Data Analytics: Both SKUs and UPCs play a vital role in collecting valuable data for sales analysis, demand forecasting, and trend identification. Product Differentiation: SKUs allow you to create variations of the same product easily. UPCs maintain consistency and ease of identification for customers. In summary, while SKUs are internal identifiers for efficient inventory management, UPCs are universal codes used for sales transactions. A successful business leverages both to ensure a smooth supply chain and an exceptional customer experience. Proper utilization of SKUs and UPCs can save your business time, reduce errors, and enhance customer satisfaction. So, whether you're an e-commerce giant or a small brick-and-mortar store, mastering these inventory management tools is a step toward success. 🔑💼 #InventoryManagement #SKUs #UPCs #SupplyChain #Retail #Ecommerce #BusinessTips #InventoryControl #Retailers #Efficiency #InventoryAccuracy

Multi Echelon Inventory Optimization (MEIO) is a supply chain optimization strategy that makes handling the inventory complexities of a growing ecommerce business much more manageable. However, MEIO isn’t just about keeping products in stock – it's a strategy that enhances coordination across all levels of the supply chain through demand planning and analytics, and may be exactly what your business needs to improve efficiency and profitability as it grows. In this article, we explain what multi echelon inventory optimization is, how it synchronizes your supply chain, and when implementing this strategy can be most beneficial for your ecommerce business. #MEIO #Logistics #Fulfillment #Ecommerce #InventoryManagement #Shipfusion

Titan Brands, a "$200-million-plus revenue company," is leveraging Körber Supply Chain OMS and WMS to optimize inventory allocation by channel and at the time of customer order. This includes providing shipping options that leverage real-time carrier rating at the time of checkout. With this powerful platform, Titan Brands is poised for significant growth in the future. #supplychain #inventorymanagement #shippingoptions #growthpotential Check out the article to learn more about how Körber Supply Chain Technology is helping Titan Brands: https://lnkd.in/eCzEjC4x

Ecommerce giants know it, big retailers know it: Active Inventory Visibility helps move more products. It works for warehouses and DCs, too. See how in our latest blog post: https://hubs.la/Q021Yffs0

📢 Check out our latest blog post on the journey to centralized product information for general merchandise & multi-category retailers. 🛍️📦 📝 In this post, we explore the importance of item setup and how it can streamline retail supply chain operations. From automating workflows to enhancing collaboration, we discuss the positive business outcomes that can be achieved by implementing a retail management platform. 💪 🚀 🔗 Read the full article here: https://lnkd.in/ePhd3psZ #retail #retailtech #retailtechnology #retailsolutions #retailsupplychain #retailoperations #generalmerchandise #discountstores #departmentstore #multicategory #hypermarket #productmanagement #sourcing #supplychain #supplychainsuccess #supplychainefficiency #BambooRose

Since the launch of Simple Bundles 2.0 just last month, we've been delighted to see a wave of new followers joining us on the Freshly Commerce journey. We thought it might be a good time to reintroduce ourselves and what Freshly is all about. But first, why are we here? Good product bundle strategies are hard to come by. We want to share insights far beyond the basics, so we will dive deep into bundle strategies from our thousands of customers. (Follow us so you don’t miss a story.) Who are we? Freshly Commerce launched in 2020 to help business owners bring their shops online during the pandemic. Since then, we’ve grown to serve over 15,000 customers worldwide. Today we have two products: 1. Simple Bundles: the fastest way to send order details with multi-SKU bundles and kits to 3PLs, WMS, shipping software, and other third-party integrations. Simple Bundles breaks down bundle orders to individual SKUs to allow real-time inventory syncing. 2. Freshly Inventory: Freshly is a batch tracking and traceability software designed for suppliers, retailers, and other players in the distribution chain. Get real-time visibility into your inventory to enable strategic decision-making. We want to keep the conversation going about bundles and inventory optimization. You can expect weekly posts from us about these key areas.

📢 Check out how Atria Finland transformed their supply chain management with RELEX Solutions! Discover how they optimized demand forecasting, replenishment, and promotions planning to improve customer satisfaction and reduce waste. Read their success story here