The Complete Guide to Economic Order Quantity for 2023
When a business buys and maintains inventory, it is crucial for them to place orders in amounts that best fit its needs and that’s where Economic Order Quantity (EOQ) plays a key role. Consider two scenarios here. And EOQ (Economic Order Quantity) helps find that…
What Flat Rate Shipping Means and How it Can Help E-commerce Businesses
Ecommerce businesses have witnessed rapid growth in recent years, and the trend amplified after the pandemic. Consumers globally are doing most of their shopping online. Even as brick-and-mortar sales are recuperating, e-commerce is here to stay. Here are some staggering numbers to help you understand…
Amazon 3PL Prep Guide: Types of 3PL’s, Pricing and Questions to Ask
Let's be real. Everyone, literally everyone, knows about Amazon. They are the leading eCommerce retailer in North America with over $386 billion in sales in 2020 alone. Amazon is growing by the day, enlarging its expansion across multiple industries including entertainment, space, and even food...
What is a Backorder? Meaning, Causes, And Prevention
Backorders are customer orders that are not fulfilled due to inventory shortages. Generally, a backorder is the group or list of unfulfilled orders until the company is prepared to deliver them. This means someone can order an item but will receive it at a future...