Inventory Turnover Ratio: How Does It Work?
Inventory turnover broadly refers to how often a company changes its inventory, either by sales or replacement. Thus, the turnover ratio indicates how many times you acquire new inventory in a given period. The inventory turnover ratio is an essential metric for making business decisions. This post will help you understand how it works Table […]
Billing Address Vs. Shipping Address
Whenever someone places orders on your eCommerce store, they must provide two critical pieces of information – a shipping and billing address. They may be completely alike. But they can also be wholly/slightly different. Understanding each will help you provide accurate shipping, and this article will help you do just that. Table of Contents Difference […]
What are the Roles and Responsibilities of Fulfillment Companies?
If your online store sells physical products, you’ve probably taken care of order fulfillment and shipping by yourself at the beginning. However, as your customer base expands, you find yourself spread too thin between marketing, customer support, order fulfillment, and everything else. When you realize that you can no longer handle everything by yourself, it’s […]
Indiegogo Fulfillment Solutions Powered By NextSmartShip
Indiegogo, a leading name in the crowdfunding domain, has impressively garnered over $1.6 billion in funds by 2019, drawing support from 235 countries worldwide. With projections indicating a near approach to the $3 billion threshold by 2023, the platform’s expansive influence is evident. After a successful Indiegogo crowdfunding campaign, the journey doesn’t conclude. It’s essential to […]
How To Choose A Shenzhen Fulfillment Center
What is a fulfilment centre? A fulfillment center is the hub for all of the logistics processes required to get a seller’s product to their customer. It is a warehouse where incoming orders are received, stored, packed and shipped out to customers. In China, the Shenzhen fulfilment center is by far the best place to […]
Fulfillment Center vs. Distribution Center: What’s the difference?
Choosing between a fulfillment and distribution center is a rite of passage when it comes to online business. Once you have set up your e-commerce website, you need to consider how your customers will get their orders. You have to decide between these two warehouse options: fulfillment centers and distribution centers. These two terms may […]
5 FBA Alternatives That Amazon Sellers Should Consider
Approximately 55% of consumers begin their online shopping searches on Amazon over Google. 9 out of 10 consumers check product prices on Amazon before they decide to purchase. If you don’t already sell on Amazon as an eCommerce merchant, you miss 150.6 million Amazon mobile users in the U.S alone as for September 2019 statistics. […]
How Barcodes Are Used In 3PL Fulfillment Operations
In modern shipping, barcodes make logistic processes efficient and reduce human errors. 40% of the global barcode reader market share comes from the fulfillment segment as 2018 statistics. Predictions expect this to grow at a compound annual growth rate (CAGR) of 4.7% from 2019 to 2025. Using barcodes in third-party fulfillment centers(3PL) is at the […]
B2B Fulfillment vs. B2C Fulfillment：What Is The Difference?
Table of Contents What is B2B fulfillment? What is B2C fulfillment? What are the differences between B2B fulfillment and B2C fulfillment? How B2B order fulfillment works What to look for in a B2B order fulfillment service How NextSmartShip fulfillment centers make B2B order fulfillment easy Conclusion What is B2B fulfillment? B2B (business-to-business) order fulfillment is […]
